Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
17 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds, equips, and runs a public transportation system for the community.
Questions for M-1 Rail
Your first name shows with your question. M-1 Rail answers here, for everyone.
To acquire, own, operate, construct, and maintain a street railway, as enabled by legislation advanced by the state of michigan
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-2310566) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported 1 finding: a weakness in money controls.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.8M | $0 |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $6.9M | $0 |
| LiabilitiesLn 26 | $151K | $0 |
| Net assetsLn 32 | $6.7M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $6.3M | $6.3M | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $195K | $195K | ||
| Other employee benefitsLn 9 | $11K | $11K | ||
| Payroll taxesLn 10 | $13K | $13K | ||
| Legal feesLn 11b | $42K | $42K | ||
| Accounting feesLn 11c | $53K | $53K | ||
| Other fees for servicesLn 11g | $5K | $5K | ||
| Office expensesLn 13 | $2K | $747 | $753 | |
| InsuranceLn 23 | $113K | $113K | ||
| All other expensesLn 24e | $8K | $1K | $7K | |
| Total functional expensesLn 25 | $6.7M | $6.3M | $440K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Sep 24, 2025 | $16K | $6.7M | −$6.7M | $0 | 990 PDF |
| FY2024Filed with the IRS Dec 23, 2024 | $11.2M | $59.4M | −$48.2M | $6.7M | 990 PDF |
| FY2023Filed with the IRS Jun 26, 2024 | $6.9M | $10.9M | −$4.1M | $54.9M | 990 PDF |
| FY2022Filed with the IRS Mar 28, 2023 | $7.4M | $39.7M | −$32.2M | $59.0M | 990 PDF |
| FY2021Filed with the IRS Jun 1, 2022 | $11.7M | $7.6M | $4.1M | $91.2M | 990 PDF |
| FY2020Filed with the IRS May 14, 2021 | $12.2M | $8.3M | $3.9M | $87.2M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $16,383 revenue, 12 lines filed
Part VI · Governance 12 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $16,383 across 2 lines filed
Part IX · Statement of functional expenses $6,727,113 across 10 lines filed
Part X · Balance sheet $0 assets, 21 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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