The Looper Group INC FY2022 filing

Not tax-deductible

St Petersburg, FL501(c)(6)Mutual / membership EIN 59-3386876Revenue $1.0M in FY2022Latest return filed Mar 13, 2026

On file with the IRSstpetetrolley.com244 2nd Ave N Ste 201, 33701-3306 · St Petersburg, FLTax-exempt since Oct 1997

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Operate the downtown Looper trolley.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$43K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $125K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$43K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$85K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-2% vs prior year
Spent
$923K
Net assets
$962K
By yearFY2020–FY2025
Revenue
$1.0M
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$707K
FY2021$1.0M
FY2022$1.0M
FY2023$994K
FY2024$1.1M
FY2025$1.4M
Expenses
$923K
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$792K
FY2021$783K
FY2022$923K
FY2023$975K
FY2024$964K
FY2025$982K
Net assets
$962K
FY2022▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$648K
FY2021$884K
FY2022$962K
FY2023$981K
FY2024$1.1M
FY2025$1.5M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1997.

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

Who runs it and what they're paid

4 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Treasurer
$43,468Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eric Carlson$48,267$47,148$45,621$43,468$40,598$38,198

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.

See The Looper Group INC executive salaries →

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

Operates a free trolley service connecting downtown attractions.

Questions for The Looper Group INC

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1 program · in their own filed words · FY2021
01

Provide transportation services in the downtown ST. Petersburg, florida business district in order to improve mobility, access circulation, and decrease parking demand. Transportation is also provided for select baseball games and special events in the downtown area.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$820K
Fees for servicesLn 2g$104K
Other incomeLn 4–11$69K
Money outPt IX
$923K
Ln 25
Owns and owesPt X
$962K
net assets · Ln 32
Cash and savingsLn 1–2$680K
Total assetsLn 16$1.0M
LiabilitiesLn 26$85K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$820K
Government grantsLn 1e$797K
Fees for servicesLn 2g$104K
Investment incomeLn 3$7K
Other incomeLn 4–11$69K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$205K
SavingsLn 2$475K
Cash and savings togetherLn 1–2$680K
Land, buildings, equipmentLn 10c$356K
Total assetsLn 16$1.0M
LiabilitiesLn 26$85K
Net assetsLn 32$962K
OperationsPt I, VI
EmployeesI 514
VolunteersI 63
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$491K$680K
Land, buildings, equipmentLn 10c$485K$356K
Total assetsLn 16$981K$1.0M
LiabilitiesLn 26$97K$85K
Net assetsLn 32$884K$962K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$382K
Payroll taxesLn 10$25K
Accounting feesLn 11c$22K
Other fees for servicesLn 11g$20K
Advertising and promotionLn 12$3K
Office expensesLn 13$43K
InterestLn 20$3K
Depreciation, depletion and amortizationLn 22$129K
InsuranceLn 23$131K
Other expenses (24a–d)Ln 24$165K
Total functional expensesLn 25$923K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 13, 2026 $1.4M$982K$380K$1.5M 990 PDF
FY2024Filed with the IRS Mar 13, 2025 $1.1M$964K$121K$1.1M 990 PDF
FY2023Filed with the IRS Mar 25, 2024 $994K$975K$19K$981K 990 PDF
FY2022 ViewingFiled with the IRS Feb 15, 2023 $1.0M$923K$78K$962K 990 PDF
FY2021Filed with the IRS Feb 15, 2022 $1.0M$783K$236K$884K 990 PDF
FY2020Filed with the IRS Feb 5, 2021 $707K$792K−$85K$648K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,000,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $906,128$820,368
I-9 Program service revenuePrior year $45,853$103,916
I-10 Investment incomePrior year $4,567$6,791
I-11 Other revenuePrior year $63,100$69,450
I-12 Total revenuePrior year $1,019,648$1,000,525
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $355,130$407,790
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $428,106$515,112
I-18 Total expensesPrior year $783,236$922,902
I-19 Revenue less expensesPrior year $236,412$77,623
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,000,525 across 7 lines filed
VIII-1b Membership dues$23,100
VIII-1e Government grants$797,268
VIII-1h Total contributions, gifts and grants$820,368
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,916$103,916
VIII-3 Investment incomeExcluded from tax $6,791$6,791
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $69,450$69,450
VIII-12 Total revenueRelated to mission $103,916 · Unrelated business $69,450 · Excluded from tax $6,791$1,000,525
Part IX · Statement of functional expenses $922,902 across 10 lines filed
IX-7 Other salaries and wages$382,384
IX-10 Payroll taxes$25,406
IX-11c Accounting fees$21,810
IX-11g Other fees for services$19,753
IX-12 Advertising and promotion$2,647
IX-13 Office expenses$43,158
IX-20 Interest$3,088
IX-22 Depreciation, depletion and amortization$128,890
IX-23 Insurance$130,650
IX-24 Other expenses (24a–d)$165,116
IX-25 Total functional expenses$922,902
Part X · Balance sheet $1,046,992 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $167,413$205,143
X-2 Savings and temporary cash investmentsStart of year $323,787$474,636
X-4 Accounts receivableStart of year $4,950$11,406
X-10c Land, buildings and equipment, netStart of year $484,697$355,807
X-16 Total assetsStart of year $980,847$1,046,992
X-17 Accounts payable and accrued expensesStart of year $19,607$25,852
X-19 Deferred revenueStart of year $6,900$9,600
X-26 Total liabilitiesStart of year $96,882$85,404
X-27 Net assets without donor restrictionsStart of year $883,965$961,588
X-32 Total net assets or fund balancesStart of year $883,965$961,588
X-33 Total liabilities and net assetsStart of year $980,847$1,046,992
Part XI · Reconciliation of net assets $961,588 net assets at year end
XI-1 Total revenue$1,000,525
XI-2 Total expenses$922,902
XI-3 Revenue less expenses$77,623
XI-4 Net assets at start of year$883,965
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$961,588

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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