Overview
What is Huntsville And Madison County Railroad Authority?
The Huntsville and Madison County Railroad Authority is a vital entity in Alabama, functioning as a common carrier railroad. In accordance with the Code of Alabama Section 37-13-1, their primary mission is to provide reliable rail service within the state. As a short line railroad operation, they contribute significantly to Alabama's transportation network, offering essential rail services.
Is Huntsville And Madison County Railroad Authority legitimate?
Huntsville And Madison County Railroad Authority is a legitimate nonprofit organization registered as a 501(c)(4) entity. Huntsville And Madison County Railroad Authority 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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Other Salaries and Wages: $314,961
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What is the mission statement of Huntsville And Madison County Railroad Authority?
The Huntsville and Madison County Railroad Authority operates in accordance with the Code of Alabama Section 37-13-1, serving as a common carrier railroad. Their primary mission is to provide reliable rail service within Alabama, operating under these regulations. The authority fulfills this role through their short line railroad operation, contributing to the transportation infrastructure of the state.
What is the revenue of Huntsville And Madison County Railroad Authority?
Huntsville And Madison County Railroad Authority's revenue in 2023 was $2,409,503.
Who are the executives of Huntsville And Madison County Railroad Authority and what are their salaries?
The average compensation at Huntsville And Madison County Railroad Authority during 2023 was $28,633. There are 11 employees at Huntsville And Madison County Railroad Authority.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Huntsville And Madison County Railroad Authority?
Huntsville And Madison County Railroad Authority's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Huntsville And Madison County Railroad Authority
Huntsville And Madison County Railroad Authority, as per its mission, operates as a common carrier railroad, following the guidelines set out in the Code of Alabama Section 37-13-1. This nonprofit organization's primary role is to provide rail service within the state of Alabama, ensuring reliable transportation solutions for various sectors. By adhering to its mandate, Huntsville And Madison County Railroad Authority contributes significantly to the transportation infrastructure of the region, facilitating the movement of goods and people efficiently and sustainably.
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Impact
October, 2024
Huntsville and Madison County Railroad Authority plays a vital role in enhancing transportation infrastructure and economic development in Alabama. By operating as a common carrier railroad, it provides essential rail services that facilitate the movement of goods and resources, supporting local businesses and industries. This efficient transportation network not only aids in reducing road congestion but also minimizes environmental impact by promoting freight transport via rail.
The authority's operations contribute significantly to regional connectivity, making it easier for companies to access markets and suppliers. Its presence can attract new businesses to the area, bolster job creation, and stimulate economic growth in Huntsville and Madison County. Additionally, the authority's focus on reliable rail service aligns with broader sustainability goals, as rail transport is often more energy-efficient compared to other forms of freight transportation. Overall, the Huntsville and Madison County Railroad Authority is a key player in fostering a vibrant economy and enhancing the quality of life in the region.
This information is meant to be a general summary of Huntsville And Madison County Railroad Authority. 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 2023.
- Investment Income: $33
- Program Service Revenue: $2,269,308
- Gross Receipts: $2,409,503
Assets and Liabilities:
- Total Assets: $5,096,395
- Total Liabilities: $1,151,829
- Net Assets: $3,944,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$2,267,275
OTHER RELATED
Revenue
$2,033
Organization Details
Founding Year
1984
Principal Officer
Mark D Lumb
NTEE Category
Code: W02 - Public benefit
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