VINTAGE TROLLEY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: VINTAGE TROLLEY INC (EIN 93-0954099)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-04-30
IRS object ID: 201221219349300122
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-04-30T11:11:14-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	611508448	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PERRIN MCMILLAN & MILLER	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1725 SE ASH	AddressLine1
City	PORTLAND	City
State	OR	State
ZIP Code	972141525	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	930954099	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	VINTAGE TROLLEY INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	VINT	NameControl
Phone	5033237363	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1140 SW 11TH AVE NO 500	AddressLine1
City	PORTLAND	City
State	OR	State
ZIP Code	97205	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RICHARD GUSTAFSON	Name
Title	DIRECTOR	Title
Phone	5033237363	Phone
Date Signed	2012-04-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	ROBERT D MCMILLAN	Name
PTIN	P00142199	PTIN
Phone	5032390932	Phone
Date Prepared	2012-04-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RICHARD GUSTAFSON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1140 S W 11TH AVE STE 500	AddressLine1
City	PORTLAND	City
State	OR	State
ZIP Code	97205	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	28356	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1991	YearFormation
State Legal Domicile	OR	StateLegalDomicile
Activity Or Mission Description	OPERATION OF VINTAGE TROLLEY CARS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	4	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	4	NbrIndependentVotingMembers
Total Nbr Employees	6	TotalNbrEmployees
Total Nbr Volunteers	4	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	15000	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	16885	ProgramServiceRevenuePriorYear
Program Service Revenue CY	25182	ProgramServiceRevenueCY
Investment Income Prior Year	2613	InvestmentIncomePriorYear
Investment Income Current Year	3461	InvestmentIncomeCurrentYear
Other Revenue Prior Year	3043	OtherRevenuePriorYear
Other Revenue Current Year	-287	OtherRevenueCurrentYear
Total Revenue Prior Year	37541	TotalRevenuePriorYear
Total Revenue Current Year	28356	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	18378	SalariesEtcPriorYear
Salaries Etc Current Year	24653	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	22028	OtherExpensePriorYear
Other Expenses Current Year	8569	OtherExpensesCurrentYear
Total Expenses Prior Year	40406	TotalExpensesPriorYear
Total Expenses Current Year	33222	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-2865	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-4866	RevenuesLessExpensesCY
Total Assets BOY	258288	TotalAssetsBOY
Total Assets EOY	244938	TotalAssetsEOY
Total Liabilities BOY	27951	TotalLiabilitiesBOY
Total Liabilities EOY	28447	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	230337	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	216491	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE AWARENESS OF PORTLAND OREGON'S DOWNTOWN AND HISTORIC DISTRICTS.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	33222	Expense
Revenue	28643	Revenue
Description	THE ORGANIZATION HAS PROVIDED HISTORIC AWARENESS AND ENTERTAINMENT TO 1,026 RIDERS ON VINTAGE TROLLEY CARS THROUGH THE HISTORIC DISTRICT AND DOWNTOWN PORTLAND OREGON.	Description
Total Program Service Expense	33222	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	0	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	1	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	2	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	6	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Excess Business Holdings	0	ExcessBusinessHoldings
Taxable Distributions	0	TaxableDistributions
Distribution To Donor	0	DistributionToDonor
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	4	NbrVotingGoverningBodyMembers
Number Independent Voting Members	4	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	0	ConflictOfInterestPolicy
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	0	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	OR	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	MS SUSAN GUSTAFSON	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	5033237363	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1140 SW 11TH AVE SUITE 500	AddressLine1
City	PORTLAND	City
State	OR	State
ZIP Code	97205	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
BILL FAILING
CHAIR - DIRECTOR	4.00	X	X	0	0	0
RICHARD GUSTAFSON
DIRECTOR	4.00	X		0	0	0
DOUG CAMPBELL
DIRECTOR	4.00	X		0	0	0
SUSAN SEYL
TREASURER	4.00		X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
PSI SUPPORT	480000	25090	$25,090
FAREBOX REVENUE	480000	92	$92

Field	Value	IRS element (for citing)
Total Program Service Revenue	25182	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	3461	TotalRevenueColumn
Exclusion	$3,461	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	LOSS ON INVESTMENTS	Description
Business Code	523000	BusinessCode
Total Revenue Column	-287	TotalRevenueColumn
Exclusion	-$287	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	-287	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	28356	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$28,356	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	22174	Total
Program Services	22174	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	2479	Total
Program Services	2479	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	1500	Total
Program Services	1500	ProgramServices

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	917	Total
Program Services	917	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1110	Total
Program Services	1110	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
CONTRACT WAGES	1908	1908
PAYROLL SERVICES	1437	1437
INVESTMENT AND BANK FEE	1357	1357
CONTRACT SERVICES - OER	324	324

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	16	Total
Program Services	16	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	33222	Total
Program Services	33222	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	4418	BOY
EOY	4133	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	253870	BOY
EOY	240805	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	258288	BOY
EOY	244938	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	27951	BOY
EOY	28447	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	27951	BOY
EOY	28447	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	230337	BOY
EOY	216491	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	230337	BOY
EOY	216491	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	258288	BOY
EOY	244938	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-4866	ReconcilationRevenueExpenses
Reconcilation Other Changes	-8980	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	0	FSAudited
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	265000	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	15000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	15000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	15000	CurrentTaxYearMinus1Year
Total	310000	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	265000	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	15000	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	15000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	15000	CurrentTaxYearMinus1Year
Total	310000	Total

Field	Value	IRS element (for citing)
Public Support Total170	310000	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	4196	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	8231	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3736	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2613	CurrentTaxYearMinus1Year
Current Tax Year	3461	CurrentTaxYear
Total	22237	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2310	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3066	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	17329	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	16065	CurrentTaxYearMinus1Year
Current Tax Year	25090	CurrentTaxYear
Total	63860	Total

Field	Value	IRS element (for citing)
Total Support	396097	TotalSupport
Gross Receipts From Admissions Etc	8536	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.78260	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.84850	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	0	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	OCF ENDOWMENT FUND	Description
Book Value	240805	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	240805	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
ACCRUED WAGES	$3,020
ACCOUNT PAYABLE - TRI MET	$25,427

Field	Value	IRS element (for citing)
Total Of Amounts	28447	TotalOfAmounts
Total Revenue	28356	TotalRevenue
Total Expenses	33222	TotalExpenses
Excess Or Deficit For Year	-4866	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-8979	NetUnrealizedGLOnInvestments
Other	-$1	OtherAmount
Total Adjustments	-8980	TotalAdjustments
Excess Or Deficit Per FS	-13846	ExcessOrDeficitPerFS

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	PART XI, LINE 8 - OTHER ADJUSTMENTS:	Identifier
Explanation	ROUNDING -1.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11	RETURN REVIEWED BY DIRECTORS
FORM 990, PART VI, SECTION C, LINE 19	DOCUMENTS MADE AVAILABLE TO PUBLIC UPON REQUEST
FORM 990, PART XI, LINE 5:	NET UNREALIZED LOSSES ON INVESTMENTS: -8,979. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -8,980.	CHANGES IN NET ASSETS OR FUND BALANCES: