Mason City & Clear Lake Electric Railroad Historical Society Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Mason City & Clear Lake Electric Railroad Historical Society Inc is a 501(c)(3) organization based in Clear Lake, Iowa, registered in 1988, with $16,500 in FY2024 revenue. CharityIndex grades it C+.
3429 Main Ave, Clear Lake, IA, 50428 EIN 42-1302762 Since 1988
Revenue (FY2024)
$17K
▼ 2.7% vs prior year
Expenses (FY2024)
$20K
Net assets
$58K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mason City & Clear Lake Electric Railroad Historical Society Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating34 mo reserves · -23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mason City & Clear Lake Electric Railroad Historical Society Inc: 34 mo reserves · -23% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mason City & Clear Lake Electric Railroad Historical Society Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mason City & Clear Lake Electric Railroad Historical Society Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3429 Main Ave, Clear Lake, IA, 50428
- City
- Clear Lake
- State
- Iowa
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $20K (FY2011) to $17K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2,337Net assets $58K
Operating margin
-22.5%
Spent more than it raised in the latest fiscal year.
Total assets
$60K
Total liabilities
$2,337
Net assets
$58K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $16,500▼2.7% | $20,220▲14.0% | $57,828▼6.0% | $60,165▼5.8% | 990EZ |
| 2023 | $16,955▲7.3% | $17,739▼1.6% | $61,549▼1.3% | $63,886▼1.2% | 990EZ |
| 2022 | $15,800▲11.9% | $18,032▼6.6% | $62,334▼3.5% | $64,671▼3.3% | 990EZ |
| 2021 | $14,120▲118% | $19,300▲46.3% | $64,566▼7.4% | $66,903▼7.2% | 990EZ |
| 2020 | -$78,136▼400% | $13,189▲1.0% | $69,746▼56.7% | $72,083▼56.2% | 990EZ |
| 2019 | $26,066▲109% | $13,055▼10.6% | $161,071▲8.8% | $164,758▲8.6% | 990EZ |
| 2018 | $12,475▼12.2% | $14,611▼4.8% | $148,060▼1.4% | $151,747▼1.4% | 990EZ |
| 2017 | $14,215▲109% | $15,344▲44.4% | $150,196▼0.7% | $153,883▼0.7% | 990EZ |
| 2016 | $6,814▼45.0% | $10,623▼19.8% | $151,326▼2.5% | $155,013▼2.4% | 990EZ |
| 2015 | $12,385▲46.5% | $13,239▲18.7% | $155,135▼0.5% | $158,822▼1.0% | 990EZ |
| 2014 | $8,455▼60.6% | $11,158▼25.6% | $155,989▼1.7% | $160,471▼1.7% | 990EZ |
| 2013 | $21,449▲8.0% | $15,000▼18.8% | $158,692▲4.2% | $163,174▲4.3% | 990EZ |
| 2012 | $19,863▼1.5% | $18,462▲36.0% | $152,243▲0.9% | $156,493▲0.9% | 990EZ |
| 2011 | $20,175 | $13,575 | $150,842 | $155,092 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Mason City & Clear Lake Electric Railroad Historical Society Inc a legitimate nonprofit?
- Yes. Mason City & Clear Lake Electric Railroad Historical Society Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1302762, based in Clear Lake, Iowa. Donations are tax-deductible.
- What is Mason City & Clear Lake Electric Railroad Historical Society Inc's EIN?
- Mason City & Clear Lake Electric Railroad Historical Society Inc's Employer Identification Number (EIN) is 42-1302762.
- How much revenue does Mason City & Clear Lake Electric Railroad Historical Society Inc report?
- Mason City & Clear Lake Electric Railroad Historical Society Inc reported $16,500 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mason City & Clear Lake Electric Railroad Historical Society Inc have?
- CharityIndex grades Mason City & Clear Lake Electric Railroad Historical Society Inc C+, based on financial health (reserves and operating margin).
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Data for Mason City & Clear Lake Electric Railroad Historical Society Inc (EIN 42-1302762) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.