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
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- 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.
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To operate and maintain a street railway, as enabled by legislation advanced by the state of michigan
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.3M | $7.8M |
| Land, buildings, equipmentLn 10c | $0 | $456K |
| Total assetsLn 16 | $94.9M | $97.4M |
| LiabilitiesLn 26 | $7.7M | $6.1M |
| Net assetsLn 32 | $87.2M | $91.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $9K | $450 | $8K | $451 |
| Pay of disqualified personsLn 6 | $1.1M | $1.0M | $93K | $781 |
| Pension plan contributionsLn 8 | $504 | $25 | $454 | $25 |
| Other employee benefitsLn 9 | $98K | $87K | $11K | $305 |
| Payroll taxesLn 10 | $101K | $92K | $9K | $94 |
| Legal feesLn 11b | $212K | $180K | $21K | $11K |
| Accounting feesLn 11c | $422K | $359K | $42K | $21K |
| Lobbying feesLn 11d | $36K | $36K | ||
| Other fees for servicesLn 11g | $566K | $178K | $361K | $27K |
| Advertising and promotionLn 12 | $208K | $177K | $21K | $10K |
| Office expensesLn 13 | $66K | $62K | $2K | $1K |
| Information technologyLn 14 | $485K | $483K | $1K | $675 |
| OccupancyLn 16 | $140K | $119K | $14K | $7K |
| TravelLn 17 | $10K | $9K | $1K | $502 |
| InterestLn 20 | $135K | $115K | $13K | $7K |
| Depreciation, depletion and amortizationLn 22 | $20K | $20K | ||
| InsuranceLn 23 | $780K | $663K | $78K | $39K |
| Other expenses (24a–d)Ln 24 | $2.7M | $2.6M | $70K | $35K |
| All other expensesLn 24e | $478K | $458K | $14K | $6K |
| Total functional expensesLn 25 | $7.6M | $6.7M | $796K | $167K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $16K | $6.7M | −$6.7M | $0 | 990 PDF |
| FY2024 | $11.2M | $59.4M | −$48.2M | $6.7M | 990 PDF |
| FY2023 | $6.9M | $10.9M | −$4.1M | $54.9M | 990 PDF |
| FY2022 | $7.4M | $39.7M | −$32.2M | $59.0M | 990 PDF |
| FY2021 Viewing | $11.7M | $7.6M | $4.1M | $91.2M | 990 PDF |
| FY2020 | $12.2M | $8.3M | $3.9M | $87.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $11,689,811 revenue, 12 lines filed
Part VI · Governance 12 of 14 board members independent, 2 to look at
Part VIII · Statement of revenue $11,689,811 across 5 lines filed
Part IX · Statement of functional expenses $7,636,090 across 19 lines filed
Part X · Balance sheet $97,362,094 assets, 14 lines filed
Part XI · Reconciliation of net assets $91,213,003 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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