Boothbay Railway Village
- Assets
- $1.7m
- Revenue
- $920.3k
- Investments
- $86.8k
- Employees
- 20
- Location
- Boothbay, ME
- Founding
- 02/1981
- Data as of
- 12/2022
- 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 12/2022, Boothbay Railway Village employed 20 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 12/2022, Boothbay Railway Village generated $920.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $874.0k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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
2022
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 |
|---|---|---|---|
Caleb Hodgdon President And Interim Ex Director | OfficerTrustee | 20 | $10,000 |
Holly Stover Vice President | OfficerTrustee | 3 | $0 |
Robert Holland Treasurer | OfficerTrustee | 5 | $0 |
Kate Rice Secretary | OfficerTrustee | 2 | $0 |
William George Director | Trustee | 1 | $0 |
Jim Hudson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $613,000 |
| Noncash contributions included in lines 1a–1f | $55,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,000 |
| Total Program Service Revenue | $242,629 |
| Investment income | $2,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,714 |
| 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 | $41,709 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,259 |
| 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. | $38,771 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $282,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,916 |
| Payroll taxes | $36,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,093 |
| Advertising and promotion | $11,575 |
| Office expenses | $36,451 |
| Information technology | $10,271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,498 |
| Insurance | $27,647 |
| All other expenses | $0 |
| Total functional expenses | $874,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $619,471 |
| 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 | $713,512 |
| Investments—publicly traded securities | $132,999 |
| Investments—other securities | $86,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,389 |
| Total assets | $1,691,265 |
| Accounts payable and accrued expenses | $23,310 |
| 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 | $23,310 |
| Net assets without donor restrictions | $1,194,567 |
| Net assets with donor restrictions | $473,388 |
| 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 | $1,691,265 |