The Loop Trolley Company FY2022 filing

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EIN 43-1937607 Unknown exempt organization Saint Louis, MO
Form 990 (PDF)

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Revenue & expenses by yearFY2019–FY2023
Revenue
$488K
FY2022▲ +23%
Expenses
$156K
FY2022▼ -58%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Builds, funds, and operates public trolley lines for community use. For fiscal year 2022 it reported $488K in revenue, $156K in expenses, and $-14.4M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Saint Louis, MO
Website
www.looptrolley.org
Filings
5 on file (2019–2022)
Revenue
$488KFY2022
Expenses
$156K
Net assets
$-14.4M
People
9
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Provided by the organization

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Size
$100K–1M
What they do
Builds, funds, and operates public trolley lines for community use.
Leadership
Kevin Barbeau · Exec. Dir (through 4/21/22) · $26K
Money in and out
$488K revenue, $156K expenses
Bottom line
+68% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

WARNING

Last filed FY2023 — 3 yrs ago

Most recent Form 990 on file is for fiscal year 2023 (3 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

0% to programs

0% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +23% vs prior year

Revenue band $100K–1M, +23% versus the prior filing year (up). See detail →

Reported financial activity · FY2022
Total revenue
$488K
Pt VIII · Ln 12
Total expenses
$156K
Pt IX · Ln 25
Net assets
$-14.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $333K
Where spending went · Part IX cols B–D
Management & general $1.00
Surplus margin
+68%
revenue over expenses, this year
Program spending
0%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$179K
FY2022▲ +25%
Total liabilities
$14.6M
FY2022▼ -2%
Revenue less expensesPt I · Ln 19$333K
Total assetsPt X · Ln 16$179K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Loop Trolley Company
EINHdr · item D43-1937607
Principal addressHdr · item CSaint Louis, MO
WebsiteHdr · item Jwww.looptrolley.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec. Dir (through 4/21/22)
$25,787Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020FY2019
Kevin Barbeau$25,787$91,985$95,766$91,839

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

See schedule othe loop trolley company (the organization) is a not-for-profit missouri corporation whose purpose was to create, implement and operate a public street car system (the loop trolley project) and to provide public education regarding vintage trolley systems.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$480K · 98%
Other revenue$7K · 1%
Contributions & grants98%$480K
Other revenue1%$7K
Investment income$2K
— government grantsLn 1e$180K
Total revenueLn 12$488K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$156K
Total functional expensesLn 25$156K

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$179K
Total liabilitiesLn 26$14.6M
Total net assetsLn 32$-14.4M
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses/yr $156K
7.7 months
Where the money goes
Program services
Program services $0 · Total expenses $156K
0%
Management & General
Management & general $156K · Total expenses $156K
100%
Fundraising
Fundraising $0 · Total expenses $156K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $100K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $480K · Total revenue $488K
98%
Government reliance
Government grants $180K · Total revenue $488K
37%
Earned-income share
Program service revenue $0 · Total revenue $488K
0%
Investment reliance
Investment income $2K · Total revenue $488K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $156K
0%
Growth & trend
Revenue growth (YoY)
This year $488K · Prior year $397K
+23%
Net-asset trend (YoY)
End of year $-14.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $488K · Expenses $156K
+68%
Liabilities-to-Assets
Total liabilities — · Total assets $179K
—
Net-asset ratio
Net assets $-14.4M · Total assets $179K
-8032%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $179K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Barbeau · Reported title EXEC. DIR (THROUGH 4/21/22) · Highest reported compensation $26K · Total expenses $156K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $156K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Fundraising cost ratio 0%——
Revenue growth 23%——
Legal fee ratio 4%——
Accounting fee ratio 6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$0 revenue · ⤓ 990 PDF
FY2022$488K revenue · viewing · ⤓ 990 PDF
FY2021$397K revenue · ⤓ 990 PDF
FY2020$212K revenue · ⤓ 990 PDF
FY2019$773K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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