2024-12-23T11:43:19-06:00 2024-09-30 382029668 GJC CPA'S & ADVISORS 1001 WOODWARD AVENUE SUITE 850 DETROIT MI 482261904 990 2023-10-01 262310566 M-1 RAIL M-1R 3135283044 7520 WOODWARD AVENUE DETROIT MI 482022807 KENNETH DILAURA CHIEF FINANCIAL OFFICER 3135283044 2024-12-23 1 1 MICHAEL R NICHOLAS P00966144 3139652655 2023 2024-10-15 13:58:12Z MATTHEW P CULLEN 7520 WOODWARD AVENUE DETROIT MI 482022807 13787427 0 X QLINEDETROIT.COM X 2007 MI TO PLAN, DESIGN, CONSTRUCT, EQUIP, FURNISH, AND OPERATE A PUBLIC TRANSPORTATION SYSTEM X 14 12 0 0 0 0 6695483 9976936 0 3361276 154864 -2422614 6500 278740 6856847 11194338 0 47424045 0 0 3119146 3397380 0 0 166126 7808722 8585551 10927868 59406976 -4071021 -48212638 60610067 6862203 5686699 151473 54923368 6710730 X TO PLAN, DESIGN, CONSTRUCT, EQUIP, FURNISH, AND OPERATE, FOR ITSELF OR BY CONTRACT, A PUBLIC TRANSPORTATION SYSTEM 0 1 58232443 47424045 3618816 TO OPERATE AND MAINTAIN A STREET RAILWAY, AS ENABLED BY LEGISLATION ADVANCED BY THE STATE OF MICHIGAN 58232443 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 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 ROGER S PENSKE CHAIR AND DIRECTOR 1.00 1.00 X X 0 0 0 DANIEL B GILBERT VICE-CHAIR AND DIRECTOR 1.00 1.00 X X 0 0 0 DARRELL BURKS TREASURER AND DIRECTOR 1.00 X X 0 0 0 DAVID BLASZKIEWICZ SECRETARY AND DIRECTOR 1.00 1.00 X X 0 0 0 MATTHEW P CULLEN CHIEF EXECUTIVE OFFICER AND DIRECTOR 1.00 1.00 X 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 ERIC B LARSON DIRECTOR 1.00 X 0 0 0 SARAH MCCLELLAND DIRECTOR 1.00 X 0 0 0 MICHAEL MCLAUCHLAN DIRECTOR 1.00 X 0 0 0 SUSAN MOSEY DIRECTOR 1.00 X 0 0 0 FAYE ALEXANDER NELSON DIRECTOR 1.00 X 0 0 0 RICHARD RAPSON DIRECTOR 1.00 1.00 X 0 0 0 ROBERT G RINEY DIRECTOR 1.00 X 0 0 0 PAUL TRULIK ASSISTANT TREASURER 1.00 1.00 X X 0 0 0 LISA NUSZKOWSKI PRESIDENT, C.O.O., AND ASST. SEC. 20.00 20.00 X 0 0 0 KENNETH DILAURA VICE-PRESIDENT AND C.F.O. 20.00 20.00 X 0 0 0 0 0 0 0 0 0 0 BROOKVILLE 4 SOUTH PICKERING PO BOX 353 BROOKVILLE PA 158251216 STREETCAR MAINTENANCE 1997883 DETROIT TRANSPORTATION COMPANY 535 GRISWOLD DETROIT MI 482263689 SECURITY SERVICES 717449 RNA FACILITIES MANAGEMENT 1357 WHITEFIELD STREET DEARBORN HEIGHTS MI 481273418 JANITORIAL SERVICES 389553 DYKEMA GOSSETT PLLC 24110 RESEARCH DRIVE FARMINGTON HILLS MI 483352633 LEGAL SERVICES 368484 QUATRRO BUSINESS SOLUTIONS 1850 PARKWAY PLACE SUITE 1100 MARIETTA GA 300678249 ACCOUNTING SERVICES 299869 9 X 5176936 4800000 9976936 ADVERTISING INCOME 541800 3361276 3361276 3361276 170471 170471 4 2593089 -2593085 -2593085 -2593085 278740 257540 21200 278740 11194338 3618816 0 -2401414 47424045 47424045 205396 167188 38208 2582274 2101916 480358 386425 339101 46735 589 223285 183123 40162 769676 654225 76967 38484 338945 288103 33895 16947 33000 33000 154741 101617 47935 5189 148237 126001 14824 7412 54063 49131 3288 1644 559656 554412 3496 1748 440091 374077 44009 22005 9445 8028 945 472 23226 19742 2323 1161 119392 119392 1119637 951690 111965 55982 RAIL OPERATIONS 4270266 4270266 PROJECT DEVELOPMENT 262557 223173 26256 13128 ORDINANCE ENFORCEMENT 236634 236634 45985 40579 4041 1365 59406976 58232443 1008407 166126 2507631 1800479 3214613 18562 5000000 5000000 85388 43162 0 886492 48915943 0 60610067 6862203 1049170 151473 107770 4529759 5686699 151473 X 54923368 6710730 54923368 6710730 60610067 6862203 -48212638 0 X 0 0 0 X 11679753 11397675 7346808 6695483 9976936 47096655 11679753 11397675 7346808 6695483 9976936 47096655 10118168 36978487 292886 292136 98160 154864 170471 1008517 6736 3800 6500 278740 295776 48400948 3555489 0.76400 0.60430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 6,736. 2021 AMOUNT: $ 3,800. 2022 AMOUNT: $ 6,500. 2023 AMOUNT: $ 278,740. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 33000 0 0 33000 0 0 M-2 RAIL 7520 WOODWARD AVENUE DETROIT MI 482022807 300783442 501(C)(3) 47424045 0 N/A N/A TO SUPPORT ONGOING OPERATIONS 1 0 PART I, LINE 2: AN INTERCOMPANY LOAN TO M-2 RAIL TO SUPPORT ONGOING OPERATIONS WAS FORGIVEN, EFFECTIVE SEPTEMBER 19, 2024, AND WAS CONVERTED TO A GRANT. M-1 RAIL AND M-2 RAIL ARE RELATED ORGANIZATIONS. FORGIVENESS OF INTERCOMPANY LOAN AND CONVERSION TO GRANT 2024-09-19 47424045 BOOK VALUE 300783442 M-2 RAIL 7520 WOODWARD AVENUE DETROIT MI 482022807 501(C)(3) PROPERTY AND EQUIPMENT 2024-09-19 2593089 BOOK VALUE 463251620 SEE PART III FOR NAME 1001 WOODWARD SUITE 1400 DETROIT MI 482261927 GOVERNMENTAL ENTITY 0 0 0 0 SCHEDULE N, PART II, ITEM 1, COLUMN (F) - NAME OF RECIPIENT ORGANIZATION: THE FULL NAME OF THE RECIPIENT ORGANIZATION FOR THE SECOND ITEM IS "REGIONAL TRANSIT AUTHORITY OF SOUTHEAST MICHIGAN". FORM 990, PART III, LINE 3 ALL ASSETS AND OPERATIONS OF THE QLINE STREETCAR SERVICE WERE TRANSFERRED TO THE REGIONAL TRANSIT AUTHORITY OF SOUTHEAST MICHIGAN AS OF SEPTEMBER 19, 2024. FORM 990, PART VI, SECTION A, LINE 2 VARIOUS DIRECTORS AND OFFICERS SERVE TOGETHER ON THE BOARDS OF VARIOUS OTHER NON-PROFIT ORGANIZATIONS IN THE METROPOLITAN DETROIT AREA, INCLUDING M-2 RAIL, A SUPPORTING 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 (WHO IS A BOARD MEMBER) 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 PRESENTED TO THE APPLICABLE PARTIES ANNUALLY. IN ADDITION, DIRECTORS AND OFFICERS SIGN AN ACKNOWLEDGEMENT STATEMENT AND PROVIDE INFORMATION REGARDING POTENTIAL CONFLICTS OF INTEREST 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. FORM 990, PARTS VIII AND IX - DONATED SERVICES: M-1 RAIL RECEIVED DONATED SERVICES FOR THE YEAR TOTALING $100,000. THESE AMOUNTS ARE NOT INCLUDED IN REVENUE ON PART VIII OF FORM 990 OR IN EXPENSES ON PART IX OF FORM 990. M-3 RAIL 7520 WOODWARD AVENUE DETROIT MI 482022807 853357368 EMPLOYER OF PUBLIC TRANSPORTATION SYSTEM OPERATING PERSONNEL MI 0 0 M-1 RAIL M-1 RAIL TOWING LLC 7520 WOODWARD AVENUE DETROIT MI 482022807 802779520 OWNS A TOW TRUCK USED BY M-1 RAIL IN ITS OPERATIONS MI 0 0 M-1 RAIL M-2 RAIL 7520 WOODWARD AVENUE DETROIT MI 482022807 300783442 DEVELOP PUBLIC TRANSPORTATION SYSTEM MI 501(C)(3) LINE 12B, II M-1 RAIL 1 0 1 0 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 M-2 RAIL K 540000 AMOUNT PAID M-2 RAIL D 1495032 LOAN REPAYMENT M-2 RAIL B 47424045 AMOUNT PAID