Overview
What is M-2 Rail?
M-2 Rail is a nonprofit organization based in Detroit, Michigan, with a mission to support and carry out the purposes of M-1 Rail, another Michigan nonprofit corporation. Their primary focus is on the planning, design, construction, acquisition, and operation of a public transportation facility in Detroit. This system aims to enhance the city's transportation infrastructure and contribute to the community's overall development. The organization is actively engaged in the ongoing operation of this public transportation system.
Official website here: www.qlinedetroit.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
M-2 Rail has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization scored exceptionally well, particularly in its financial management, with a program expense ratio of 99.46%, indicating that nearly all its expenses are directed toward its programs rather than administrative costs.
The governance of M-2 Rail showcases a commitment to transparency and ethical management. With 66% of its board members being independent, the organization demonstrates a solid structure that helps mitigate conflicts of interest. Additionally, it has implemented necessary policies, including conflict of interest, whistleblower, and document retention policies, which further support its accountability measures.
Despite the strong overall performance, potential donors should consider that the rating is solely based on financial metrics. There is no information available regarding the effectiveness or impact of the programs offered, which may be relevant for stakeholders looking to assess the broader benefits of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is M-2 Rail legitimate?
M-2 Rail is a legitimate nonprofit organization registered as a 501(c)(3) entity. M-2 Rail submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.qlinedetroit.com
What is the mission statement of M-2 Rail?
M-2 Rail is a Michigan nonprofit corporation dedicated to carrying out the exempt purposes of M-1 Rail. Their primary mission is to support the planning, design, construction, acquisition, and operation of a public transportation facility. By doing so, they aim to contribute to the development of a public transportation system. The organization's focus is on ensuring the successful implementation and ongoing operation of this public transportation system.
Official website here: www.qlinedetroit.com
Who is the CEO of M-2 Rail?
Lisa Nuszkowski is the President, C.O.O., And Asst. Sec. of M-2 Rail.
Official website here: www.qlinedetroit.com
What is the revenue of M-2 Rail?
M-2 Rail's revenue in 2022 was $41,676,501.
Official website here: www.qlinedetroit.com
Who are the executives of M-2 Rail and what are their salaries?
There 7 volunteers at M-2 Rail.
Here are 10 key members and their salaries:
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Official website here: www.qlinedetroit.com
Where can I find the form 990 for M-2 Rail?
M-2 Rail's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.qlinedetroit.com
Learn more at the official website: www.qlinedetroit.com
Mission Statement of M-2 Rail
M-2 Rail is a Michigan nonprofit corporation dedicated to supporting the exempt purposes of M-1 Rail. At its core, this organization aims to assist M-1 Rail in the planning, design, construction, acquisition, and operation of a public transportation facility. In simple terms, M-2 Rail plays a crucial role in bringing M-1 Rail's vision of a public transportation system to life.
The mission of M-2 Rail extends beyond just the technical aspects of transportation infrastructure. It reaches into the community, bringing about positive change through the implementation of this essential service. By collaborating with M-1 Rail, M-2 Rail contributes to the development and enhancement of a modern, efficient, and accessible public transportation system. This system is designed to improve the daily lives of residents and visitors in the city, making it easier for people to travel and connect with various parts of their community.
M-2 Rail's role is multifaceted, encompassing various aspects of planning, design, construction, acquisition, and operation. It supports M-1 Rail in securing the necessary resources, both financial and logistical, to successfully carry out its mission. In doing so, M-2 Rail enables the realization of a vital public transportation system that benefits the city and its inhabitants. Through its dedication and commitment, M-2 Rail contributes significantly to the ongoing operation of this essential service, ensuring its long-term success and the continuous satisfaction of those it serves.
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Impact
October, 2024
M-2 Rail significantly enhances public transportation in Detroit by focusing on the planning, design, construction, acquisition, and operation of vital transit facilities. It serves as a crucial support mechanism for M-1 Rail, ensuring that residents and visitors have access to an efficient and reliable transportation system.
By improving public transit options, M-2 Rail contributes to increased accessibility across the city, promoting economic development and connecting communities. Enhanced transportation infrastructure also reduces traffic congestion and supports a shift towards more sustainable commuting options.
Overall, the impact of M-2 Rail extends beyond mere transit services; it plays a pivotal role in fostering the development of a vibrant, interconnected urban environment that benefits all Detroiters.
This information is meant to be a general summary of M-2 Rail. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1
- Program Service Revenue: $507,500
- Gross Receipts: $41,676,501
Assets and Liabilities:
- Total Assets: $116,029,354
- Total Liabilities: $49,317,246
- Net Assets: $66,712,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICES
Revenue
$507,500
Organization Details
Founding Year
2013
Phone
(313) 528-3044Principal Officer
Lisa Nuszkowski
Main Address
7520 WOODWARD AVENUE, DETROIT, MI, 482022807
Website
www.qlinedetroit.comNTEE Category
Code: W40 - Public benefit
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