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Wisconsin · Nonprofit

LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC

LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC (Wisconsin) receives grants from 2 organizations whose IRS filings report $2,050 to it, the largest being Tom E Dailey Foundation Inc ($2,000). 0 of them have funded it in more than one year.

Revenue FY2025
$100k
Funders on record
2
Grants received
$2k
Net assets
$596k
0/2 repeat funderspeak grant-dependency 0%
01What it does

What Lake States Railway Historical Association Inc does

Mission

Preservation and dissemination of railroad history with emphasis on the western great lakes region of the united states.

As stated on its FY2025 Form 990.

Program

  1. Preservation and dissemination of railroad history with emphasis on the western great lakes region of the united states.

    $63,565 spent$20,703 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $63,565.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($54k) Expenses 100 ($35k) Net assets 100 ($373k)2023 Revenue 141 ($76k) Expenses 126 ($45k) Net assets 135 ($503k)2024 Revenue 116 ($63k) Expenses 154 ($55k) Net assets 142 ($530k)2025 Revenue 185 ($100k) Expenses 185 ($66k) Net assets 160 ($596k)
2022202320242025
Revenue (185)Expenses (185)Net assets (160)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $402k to $505k (+26%).

$402k
$505k
$536k
$605k
2022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

75% of LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC’s revenue is contributions — about as donation-reliant as the typical peer (78% for the typical peer).

This organization
Typical peer · 18,808 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.

$19k
’22
$32k
’23
$8k
’24
$34k
’25
18
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

202320242025
Listed9109
Joined·+1+0
No longer listed·01
03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income fell $2k → $50.

From the IRS filings of LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC leans on a few funders — its largest provides 98% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

98%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2019 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC draws 100% of its grant income from funders outside Wisconsin, across 2 states in all.

MN
OH

In-state vs out-of-state, by year

’19
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC runs a healthier operating margin than three-quarters of the 10,242 arts & culture nonprofits its size.

Operating margin34% · top quartile
Months of reserve18.2mo · above the median
Revenue growth (annualized)23% · top quartile

this organization peer median middle 50% of peers· 10,242 arts & culture nonprofits under $100k, FY2025

Organizations like LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

9
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention–Board reviewed the 990–Audited financials

Public support

89%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

WI

Screen this organization

A dated, signed PDF of the compliance screen for LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC?
LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC (Wisconsin) receives grants from 2 organizations whose IRS filings report $2,050 to it, the largest being Tom E Dailey Foundation Inc ($2,000). 0 of them have funded it in more than one year.
How many funders does LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC have?
IRS filings report 2 organizations giving $2,050 in grants to LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC.
Who is the largest funder of LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC?
Tom E Dailey Foundation Inc is the largest funder on record, with $2,000 in grants. The full list of funders is on this page.
How can an organization like LAKE STATES RAILWAY HISTORICAL ASSOCIATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Lake States Railway Historical Association →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing