Bradford Ohio Railroad Museum Inc
- Assets
- $1.4m
- Revenue
- $44.6k
- Investments
- $42.2k
- Employees
- 0
- Location
- Bradford, OH
- Founding
- 03/2003
- Data as of
- 10/2022
- EIN
- 04-3654171
Organization Overview
Bradford Ohio Railroad Museum Inc is located in Bradford, OH. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradford Ohio Railroad Museum Inc 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 10/2022, Bradford Ohio Railroad Museum Inc generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $20.6k during the year ending 10/2022. 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
PRESERVATION & RESTORATION OF RAILROAD HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS INCURRED TO OPERATE A RAILROAD MUSEUM AND TOWER TO FURTHER THE ENTITY'S EXEMPT PURPOSE OF PRESERVING AND RESTORING RAILROAD PROPERTY AND HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Johnson Treasurer | OfficerTrustee | 6 | $0 |
Marilyn K Kosier President/trustee | OfficerTrustee | 8 | $0 |
James R O'donnell Trustee | Trustee | 4 | $0 |
Gloria Shafer Trustee | Trustee | 6 | $0 |
Carol Sue Vickory Trustee | Trustee | 4 | $0 |
Sandra Edminson Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,527 |
| Total Program Service Revenue | $12,179 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $153 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,595 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,625 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $200 |
| Total functional expenses | $20,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,365,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,196 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132 |
| Total assets | $1,446,464 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,446,464 |
| Total liabilities and net assets/fund balances | $1,446,464 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bradford Ohio Railroad Museum Inc has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Hartzell-Norris Charitable Trust Cincinnati, OH PURPOSE: GENERAL SUPPORT | $5,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $35,468 |
| Ending Balance | $35,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
The Masonic Library And Museum Of Pennsylvania Philadelphia, PA | $22,455,436 | $4,692,168 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
African American Museum In Philadelphia, PA | $3,193,527 | $2,188,357 |
National Liberty Museum Philadelphia, PA | $29,022,169 | $6,454,571 |