Transparency & Accountability

Trains In The Valley takes very seriously its responsibility as a nonprofit organization. Our goal is to model the best practices used by other nonprofits organizations. We firmly believe that with transparency comes trust.

With that thought in mind, we are pleased to provide additional details about the structure of our organization and its finances.

 


Organizational Status

Trains In The Valley launched on April 12, 2016. We are currently conducting business as an unincorporated nonprofit association.

The Trains In The Valley website — which is published under the domain name trainsinthevalley.org — is managed using the WordPress.com platform.

We have obtained an Employer Identification Number (EIN) from the Internal Revenue Service for the purpose of establishing a bank account with Florence Bank, 85 Main St, Florence, MA 01062.

Pioneer Valley Regional Ventures Center, Inc., a tax-exempt Section 501(c)(3) organization, has agreed to act as an interim fiscal sponsor for Trains In The Valley. Fiscal sponsorship is an agreement through which an organization without tax-exempt status — but which could qualify for it — partners with an existing tax-exempt organization in order to receive donations and grants.

We have registered our association with the Massachusetts Attorney General’s Non-Profit Organizations/Public Charities Division. Our Charity Registration Form and Annual Filing(s) can be viewed by searching for “Trains In The Valley” on the Attorney General’s Charities Document Search web page.

We intend to incorporate as a nonprofit corporation with the Secretary of the Commonwealth of Massachusetts and apply for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code tax code at a date in the future that has yet to be determined.

 


Financial Reports

Recent quarterly reports

4Q2019

1Q2020

2Q2020

3Q2020

Fiscal year reports

FY2016

FY2017

FY2018

FY2019

 

All reports have been saved as PDF files.

Please contact us if you have any questions about the financial statements presented above.

 

 

Page last updated: November 13, 2020
Page last reviewed: September 4, 2018