Departing from historic downtown lebanon, ohio, the lm&m Railway offers nostalgic train rides utilizing vintage railroad equipment, throughout southwestern ohio. Train rides are scheduled throughout the year and encompass weekday one hour excursions to weekend themed activities. Rides are aimed towards creating a family friendly atmoshpere where passengers can create lasting memories and school organiations and youth groups can plan educational activities around. During the past 5 years, the lm&m Railway has offered excursions on an average of 130 days per year. The remaining time during the year is used for the preparation of future train ride excursions, equipment maintenance, restoration and administrative activities.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $86K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$406K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+2% vs prior year
Spent
$1.4M
To programs
92%
Net assets
$681K
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$387K
FY2021$1.7M
FY2022$2.1M
FY2023$1.6M
FY2024$1.6M
Expenses
$1.4M
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.6M
FY2023$1.5M
FY2024$1.4M
Net assets
$681K
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020−$449K
FY2021−$141K
FY2022$395K
FY2023$488K
FY2024$681K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.3M Management & general 8% · $114K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board of Tru
$0Pt VII · Sec A
Board of Tru
$0Pt VII · Sec A
Board of Tru
$0Pt VII · Sec A
Board of Tru
$0Pt VII · Sec A
Board of Tru
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Ray Kammer JR’s $14K as President is at the 1st percentile of top reported officer pay among 3925 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2021FY2020
Ray Kammer JR$13,723$71,519

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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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 15aYes

Programs and updates

Offers nostalgic train rides with vintage equipment for family fun and educational experiences.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

Revenues from tickets and merchandise sold to individuals, families, and organizations for guided train rides and events to support our mission to preserve, restore, and operate the historic railroad equipment for the education and entertainment for the general public.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$18

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$7K
Investment incomeLn 3$1
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$114K
Owns and owesPt X
$681K
net assets · Ln 32
Cash and savingsLn 1–2$822K
Total assetsLn 16$1.1M
LiabilitiesLn 26$406K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$1
Other incomeLn 4–11$7K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$822K
Cash and savings togetherLn 1–2$822K
Land, buildings, equipmentLn 10c$265K
Total assetsLn 16$1.1M
LiabilitiesLn 26$406K
Net assetsLn 32$681K
OperationsPt I, VI
EmployeesI 587
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$678K$822K
Land, buildings, equipmentLn 10c$261K$265K
Total assetsLn 16$939K$1.1M
LiabilitiesLn 26$451K$406K
Net assetsLn 32$488K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$285K$223K$62K
Payroll taxesLn 10$24K$19K$5K
Advertising and promotionLn 12$34K$34K
Office expensesLn 13$23K$23K
InterestLn 20$349$349
Payments to affiliatesLn 21$68K$68K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$43K$43K
Other expenses (24a–d)Ln 24$720K$720K
All other expensesLn 24e$201K$178K$23K
Total functional expensesLn 25$1.4M$1.3M$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.4M$192K$681K 990 PDF
FY2023 $1.6M$1.5M$93K$488K 990 PDF
FY2022 $2.1M$1.6M$536K$395K 990 PDF
FY2021 $1.7M$1.4M$308K−$141K 990 PDF
FY2020 $387K$1.1M−$700K−$449K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,609,616 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $219$0
I-9 Program service revenuePrior year $1,578,289$1,602,615
I-10 Investment incomePrior year $1$1
I-11 Other revenue$7,000
I-12 Total revenuePrior year $1,578,509$1,609,616
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $437,658$309,474
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,048,001$1,107,718
I-18 Total expensesPrior year $1,485,659$1,417,192
I-19 Revenue less expensesPrior year $92,850$192,424
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,609,616 across 4 lines filed
Lines not itemized here account for $453 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,602,162$1,602,162
VIII-3 Investment incomeRelated to mission $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,000$7,000
VIII-12 Total revenueRelated to mission $1,609,616$1,609,616
Part IX · Statement of functional expenses $1,417,192 across 10 lines filed
IX-7 Other salaries and wagesPrograms $223,259 · Management $62,000$285,259
IX-10 Payroll taxesPrograms $19,472 · Management $4,743$24,215
IX-12 Advertising and promotionPrograms $33,500$33,500
IX-13 Office expensesManagement $23,463$23,463
IX-20 InterestManagement $349$349
IX-21 Payments to affiliatesPrograms $68,500$68,500
IX-22 Depreciation, depletion and amortizationPrograms $17,950$17,950
IX-23 InsurancePrograms $43,296$43,296
IX-24 Other expenses (24a–d)Programs $719,805$719,805
IX-24e All other expensesPrograms $177,778 · Management $23,077$200,855
IX-25 Total functional expensesPrograms $1,303,560 · Management $113,632 · Fundraising $0$1,417,192
Part X · Balance sheet $1,086,922 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $678,456$821,726
X-10c Land, buildings and equipment, netStart of year $260,504$265,196
X-16 Total assetsStart of year $938,960$1,086,922
X-19 Deferred revenue$12,689
X-25 Other liabilitiesStart of year $450,773$393,622
X-26 Total liabilitiesStart of year $450,773$406,311
X-27 Net assets without donor restrictionsStart of year $488,187$680,611
X-32 Total net assets or fund balancesStart of year $488,187$680,611
X-33 Total liabilities and net assetsStart of year $938,960$1,086,922
Part XI · Reconciliation of net assets $680,611 net assets at year end
XI-1 Total revenue$1,609,616
XI-2 Total expenses$1,417,192
XI-3 Revenue less expenses$192,424
XI-4 Net assets at start of year$488,187
XI-10 Net assets at end of year$680,611

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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