2022-06-01T10:58:39-05:00 2021-09-30 382029668 GEORGE JOHNSON & COMPANY 1200 BUHL BUILDING 535 GRISWOLD DETROIT MI 482263689 990 2020-10-01 300783442 M-2 RAIL M-2R 3135283044 7520 WOODWARD AVENUE DETROIT MI 482022807 KENNETH DILAURA CHIEF FINANCIAL OFFICER 3135283044 2022-06-01 1 KENNETH DILAURA 999009999 MICHAEL R NICHOLAS P00966144 3139652655 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISA NUSZKOWSKI 7520 WOODWARD AVENUE DETROIT MI 482022807 410027 0 X QLINEDETROIT.COM X 2013 MI TO SUPPORT AND CARRY OUT THE EXEMPT PURPOSES OF M-1 RAIL, A MICHIGAN NONPROFIT CORPORATION 6 4 0 7 0 0 0 0 410000 410000 460 27 0 0 410460 410027 0 0 0 0 0 0 0 0 25226 6915677 6861943 6915677 6861943 -6505217 -6451916 128856688 122137270 91242782 90975280 37613906 31161990 TO SUPPORT M-1 RAIL IN THE PLANNING, DESIGN, CONSTRUCTION, ACQUISITION, AND OPERATION OF A PUBLIC TRANSPORTATION FACILITY IN THE CITY OF DETROIT, MICHIGAN 0 0 6786264 410000 ONGOING OPERATION OF A PUBLIC TRANSPORTATION SYSTEM 6786264 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X KENNETH DILAURA 3135283044 7520 WOODWARD AVENUE DETROIT MI 482022807 X MATTHEW P CULLEN CHAIR AND DIRECTOR 1.00 1.00 X X 0 0 0 ROGER S PENSKE VICE-CHAIR AND DIRECTOR 1.00 1.00 X X 0 0 0 DANIEL B GILBERT DIRECTOR 1.00 1.00 X 0 0 0 GEORGE W JACKSON JR DIRECTOR 1.00 1.00 X 0 0 0 KEVIN JOHNSON DIRECTOR 1.00 1.00 X 0 0 0 RICHARD RAPSON DIRECTOR 1.00 1.00 X 0 0 0 PAUL TRULIK TREASURER 1.00 1.00 X 0 0 0 DAVID BLASZKIEWICZ SECRETARY 1.00 1.00 X 0 0 0 LISA NUSZKOWSKI PRESIDENT, C.O.O., AND ASST. SEC. 20.00 20.00 X 0 0 0 PAUL CHILDS PRESIDENT AND C.E.O. (FORMER) 15.00 15.00 X 0 0 0 KAREN GORDON VICE-PRESIDENT AND C.F.O. 20.00 20.00 X 0 0 0 0 0 0 0 0 0 0 HNTB MICHIGAN INC 535 GRISWOLD SUITE 1100 DETROIT MI 482263605 OWNER'S REPRESENTATIVE 570096 TURNER CONSTRUCTION COMPANY 535 GRISWOLD SUITE 1525 DETROIT MI 482263695 CONSTRUCTION MANAGEMENT 109276 2 FEES FOR SERVICES 531190 410000 410000 410000 27 27 410027 410000 0 27 3050 2593 305 152 500468 425398 50047 25023 6357411 6357411 1014 862 101 51 6861943 6786264 50453 25226 1035632 792884 192133 72874 149027347 27776559 127467049 121250788 161874 20724 128856688 122137270 81935 166877 41353000 41353000 49807847 49455403 91242782 90975280 X 37613906 31161990 37613906 31161990 128856688 122137270 -6451916 0 X 0 1 X 1 0 X X X 1 M-1 RAIL 262310566 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE A, PART IV, SECTION C: M-2 RAIL HAS A CLOSE CONNECTION WITH M-1 RAIL, THE SUPPORTED ORGANIZATION. THE SIX-MEMBER BOARD OF DIRECTORS OF M-2 RAIL IS COMPRISED OF PERSONS WHO ARE ALSO BOARD MEMBERS OF M-1 RAIL. MATTHEW P. CULLEN IS THE CHIEF EXECUTIVE OFFICER OF M-1 RAIL AND THE CHAIR OF M-2 RAIL. LISA NUSZKOWSKI IS THE PRESIDENT, CHIEF OPERATING OFFICER, AND ASSISTANT SECRETARY OF BOTH M-1 RAIL AND M-2 RAIL. PAUL CHILDS WAS THE PRESIDENT AND ASSISTANT SECRETARY OF M-1 RAIL AND THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF M-2 RAIL THROUGH MARCH 2021. KAREN GORDON WAS THE CHIEF FINANCIAL OFFICER OF BOTH M-1 RAIL AND M-2 RAIL DURING THE YEAR. THE MANAGEMENT OF BOTH ORGANIZATIONS IS VESTED IN THE SAME GROUP OF INDIVIDUALS. 1107007 1107007 25845655 3223694 22621961 102485304 17936229 84549075 19589381 6616636 12972745 121250788 ADVANCE FROM AFFILIATE 49455403 49455403 X PART X, LINE 2: M-1 RAIL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC SECTION 509(A)(1). M-2 RAIL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF IRC AND IS CLASSIFIED AS A TYPE 2 SUPPORTING ORGANIZATION TO M-1 RAIL UNDER IRC SECTION 509(A)(3). ALTHOUGH M-1 RAIL AND M-2 RAIL WERE GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." M-3 RAIL IS A DOMESTIC FOR-PROFIT LLC THAT IS WHOLLY OWNED BY M-1 RAIL. M-3 RAIL IS A DISREGARDED ENTITY FOR TAX PURPOSES. AT SEPTEMBER 30, 2021 AND 2020, THE ORGANIZATION HAS DETERMINED THAT NO UNRELATED BUSINESS INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2016. FORM 990, PART VI, SECTION A, LINE 2 VARIOUS DIRECTORS AND OFFICERS SERVE TOGETHER ON THE BOARDS OF DIRECTORS OF VARIOUS OTHER NON-PROFIT ORGANIZATIONS IN THE METROPOLITAN DETROIT AREA, INCLUDING M-1 RAIL, THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HIRED A PUBLIC ACCOUNTING FIRM TO PREPARE FORM 990. THE CHIEF FINANCIAL OFFICER REVIEWED THE RETURN PRIOR TO DISTRIBUTING A DRAFT COPY TO THE TREASURER AND AUDIT AND FINANCE COMMITTEE MEMBERS FOR THEIR REVIEW. COMMENTS FROM THESE INDIVIDUALS WERE REVIEWED AND APPROPRIATELY INCORPORATED INTO THE FINAL FORM 990 THAT WAS FILED. A FINAL COPY OF FORM 990 WAS PROVIDED TO EACH BOARD MEMBER VIA E-MAIL PRIOR TO FILING FOR THEIR INFORMATION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PROVIDED TO THE APPLICABLE PARTIES ANNUALLY. IN ADDITION, DIRECTORS AND OFFICERS SIGN AN ACKNOWLEDGMENT STATEMENT AND PROVIDE INFORMATION REGARDING POTENTIAL CONFLICTS ON THE ANNUAL FORM. MANAGEMENT REVIEWS THE DISCLOSURES, AND FOLLOWS UP, IF NECESSARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. M-1 RAIL 7520 WOODWARD AVENUE DETROIT MI 482022807 262310566 DEVELOP PUBLIC TRANSPORTATION SYSTEM MI 501(C)(3) LINE 7 N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 0 0 0 0 0 M-1 RAIL J 410000 AMOUNT RECEIVED M-1 RAIL E 352444 LOAN REPAYMENT