Boothbay Railway Village
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $98.4k
- Employees
- 19
- Location
- Boothbay, ME
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 01-0372829
Organization Overview
Boothbay Railway Village is located in Boothbay, ME. The organization was established in 1981. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Boothbay Railway Village employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boothbay Railway Village is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Boothbay Railway Village generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $879.6k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BOOTHBAY RAILWAY VILLAGE IS TO CONSERVE, DISPLAY AND INTERPRET ARTIFACTS, AUTHENTIC PERIOD STRUCTURES AND TECHNOLOGIES UTILIZED IN MAINE DURING THE HISTORICAL PERIOD OF THE MID-19TH THROUGH THE MID-20TH CENTURIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A MUSEUM FEATURING OBJECTS RELEVANT TO VILLAGE LIFE IN MAINE BETWEEN ABOUT 1850 - 1950. COLLECTION ITEMS INCLUDE HISTORIC STRUCTURES, RAILROAD EQUIPMENT, CARRIAGES & AUTOMOBILES, ANTIQUE ENGINES, AND MORE. THE MUSEUM OPERATES A NARROW GAUGE RAILROAD AND ALSO OFFERS YEAR-ROUND EDUCATION PROGRAMS INCLUDING CLASSES AND LECTURES FOR ALL AGES. ANNUAL VISITATION IS APPROXIMATELY 30,000 GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Markowitz Dir. Of Operations | Officer | 40 | $57,000 |
Caleb Hodgdon Vice President | OfficerTrustee | 3 | $0 |
Charles Bamberg President | OfficerTrustee | 5 | $0 |
Robert Holland Treasurer | OfficerTrustee | 5 | $0 |
Holly Stover Secretary | OfficerTrustee | 2 | $0 |
George Paine Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $160,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $920,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,080,496 |
| Total Program Service Revenue | $189,968 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,881 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,343,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,000 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,832 |
| Pension plan accruals and contributions | $14,194 |
| Other employee benefits | $45,565 |
| Payroll taxes | $28,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,201 |
| Advertising and promotion | $22,084 |
| Office expenses | $47,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,498 |
| Insurance | $24,413 |
| All other expenses | $0 |
| Total functional expenses | $879,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $545,768 |
| Pledges and grants receivable | $105,750 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,360 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $754,010 |
| Investments—publicly traded securities | $69,362 |
| Investments—other securities | $98,372 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,592,622 |
| Accounts payable and accrued expenses | $23,516 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,516 |
| Net assets without donor restrictions | $1,247,301 |
| Net assets with donor restrictions | $321,805 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,592,622 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Boothbay Railway Village has recieved totaling $755,043.
| Awarding Organization | Amount |
|---|---|
Mildred H Mcevoy Foundation Worcester, MA PURPOSE: OPERATING EXPENSE | $300,000 |
Mildred H Mcevoy Foundation Worcester, MA PURPOSE: ARCHIVAL BUILDING MATCHING GRANT | $125,000 |
Mildred H Mcevoy Foundation Worcester, MA PURPOSE: DEFERRED MAINTENANCE | $123,000 |
Mildred H Mcevoy Foundation Worcester, MA PURPOSE: CHALLENGE GRANT | $50,000 |
Susan & George Craig Family Foundation Ridgefield, CT PURPOSE: GENERAL | $30,000 |
Bradley C Higgins Foundation Worcester, MA PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strawbery Banke Museum Portsmouth, NH | $20,097,430 | $6,235,476 |
New Hampshire Historical Society Concord, NH | $27,164,397 | $2,104,190 |
Boothbay Railway Village Boothbay, ME | $1,592,622 | $1,343,965 |
Castine Scientific Society Castine, ME | $21,941,978 | $577,379 |
Manchester Historic Association Manchester, NH | $5,892,345 | $509,463 |
New Hampshire Boat Museum Wolfeboro Falls, NH | $4,627,524 | $2,757,107 |
Franco-American Heritage Center At St Marys Lewiston, ME | $4,768,331 | $285,236 |
Portsmouth Submarine Memorial Association Portsmouth, NH | $1,910,442 | $374,400 |
Brick Store Museum Kennebunk, ME | $3,345,678 | $409,337 |
Bar Harbor Historical Society Inc Bar Harbor, ME | $5,963,655 | $570,599 |
American Independence Center Exeter, NH | $873,774 | $315,892 |
Monhegan Historial & Cultural Museum Association Monhegan, ME | $7,497,398 | $863,357 |