Overview

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Closed

This organization closed in 2024. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.

Est.

2013

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
990 file icon
2023
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2022
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AI Summary

M-2 RAIL is a nonprofit organization based in Michigan, dedicated to supporting and executing the exempt purposes of M-1 RAIL, with a focus on public transportation. With an operating budget of $5.3 million and total revenue reported at -$56.4 million for the 2024 filing year, the organization receives significant funding from various sources, though it does not rely on any single funder for 50% or more of its revenue. More information can be found on their website, QLINEDETROIT.COM.

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Mission Statement

TO SUPPORT AND CARRY OUT THE EXEMPT PURPOSES OF M-1 RAIL, A MICHIGAN NONPROFIT CORPORATION

Cause Areas

1
Public transportation
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Financials

2024
Revenues
-$56.4M
Expenses
$5.3M
Net Income:
-$61.7M
Assets
$0
Liabilities
$0
Net Assets:
+$0

Financial Trends

2024
Operating Budget
$5.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
M-1 RAIL
Detroit, MI, US
$47.4M
100%
Logo for "THE KRESGE FOUNDATION"
THE KRESGE FOUNDATION
TROY, MI, US
$4M
< 1%
FCA FOUNDATION
Auburn Hills, MI, US
$1.5M
14%

Grants Received

2024
Total No. of Grants
2
Median grant size
$24.5M
Largest grant received
$47.4M

Board & Team

G
George W Jackson Jr
Board Member
M
Matthew P Cullen
Board Member
R
Richard Rapson
Board Member
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  • 3 funders
  • 17 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is M-2 RAIL’s budget?
In 2024, M-2 RAIL reported an annual operating budget of around $5.3 million. More detailed financial information is available to registered users.
What causes does M-2 RAIL support?
M-2 RAIL supports work in Public transportation.
Where does M-2 RAIL operate?
M-2 RAIL is headquartered in DETROIT, MI.
Who funded M-2 RAIL recently?
In 2024, M-2 RAIL received grants from M-1 RAIL, THE KRESGE FOUNDATION, and THE KRESGE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant M-2 RAIL received in 2024?
The largest grant to M-2 RAIL in 2024 exceeds $47.4 million.