Minnesota · Nonprofit
Lake Superior and Mississippi Railroad
Lake Superior and Mississippi Railroad (Minnesota) receives grants from 5 organizations whose IRS filings report $64,567 to it, the largest being UNION PACIFIC FOUNDATION ($30,000). 3 of them have funded it in more than one year.
- Revenue FY2025
- $154k
- Funders on record
- 5
- Grants received
- $65k
- Net assets
- $358k
What Lake Superior and Mississippi Railroad does
Mission
Historical/Educational train ride over scenic and historic railroad tracks Offering an educational experience on the history and geography of the St. Louis River estuary.
As stated on its FY2025 Form 990-EZ.
Programs
To provide visitors a historic train ride riding in vintagecoaches on National Historic track and right-of-wayalong the St. Louis River. Our Community programs include:Free Veteran rides - 122, Free infants - 288, Free Community - 169
$148,205 spentof which $27,732 as grants100% of program spendingHistorical/educational train rides over scenic and historic railroad tracks using heritage equipment.
The 2 programs described on its FY2025 Form 990-EZ. Program spending in total: $148,205.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $304k to $484k (+59%).
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.
Government-grant reliance: 2022 8%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.
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.
Board chair
Duayne Anderson
Chairman
As listed on its FY2025 Form 990-EZ.
Who funds it, year by year
2020 → 2023: the base narrowed from 3 funders to 1 funder, grant income fell $26k → $38.
2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Lake Superior and Mississippi Railroad’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 Superior and Mississippi Railroad leans on a few funders — its largest provides 46% of grant income and the top three 83%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2020 58% · 2021 100% · 2022 51% · 2023 100% — growing more concentrated.
“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 Superior and Mississippi Railroad draws 100% of its grant income from funders outside Minnesota, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $12k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Organizations like Lake Superior and Mississippi Railroad
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 Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Lake Superior and Mississippi Railroad: 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.
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 Superior and Mississippi Railroad?
- Lake Superior and Mississippi Railroad (Minnesota) receives grants from 5 organizations whose IRS filings report $64,567 to it, the largest being UNION PACIFIC FOUNDATION ($30,000). 3 of them have funded it in more than one year.
- How many funders does Lake Superior and Mississippi Railroad have?
- IRS filings report 5 organizations giving $64,567 in grants to Lake Superior and Mississippi Railroad, 3 of which have funded it in more than one year.
- Who is the largest funder of Lake Superior and Mississippi Railroad?
- UNION PACIFIC FOUNDATION is the largest funder on record, with $30,000 in grants. The full list of funders is on this page.
- How can an organization like Lake Superior and Mississippi Railroad find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. 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 Superior and Mississippi Railroad →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 5 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