The Oyster Bay Railroad Museum
- Assets
- $1.4m
- Revenue
- $152.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Oyster Bay, NY
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 11-3222511
Organization Overview
The Oyster Bay Railroad Museum is located in Oyster Bay, NY. The organization was established in 1999. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Oyster Bay Railroad Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oyster Bay Railroad Museum 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, Oyster Bay Railroad Museum generated $152.0k 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 (5.7%) each year. All expenses for the organization totaled $79.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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 ORGANIZATION IS TO PRESERVE AND COMMUNICATE TO THE GENERAL PUBLIC THE HISTORICAL EXPERIENCE OF LONG ISLAND'S RAIL TRANSPORTATION HISTORY THROUGH MEANS OF HISTORIC ARTIFACTS AND BUILDINGS, EITHER IN WORKING OR STATIC CONDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO PRESERVE AND COMMUNICATE TO THE GENERAL PUBLIC THE HISTORICAL EXPERIENCE OF LONG ISLAND'S RAIL TRANSPORTATION HISTORY THROUGH MEANS OF HISTORIC ARTIFACTS AND BUILDINGS, EITHER IN WORKING OR STATIC CONDITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Brusca Vice Preside | OfficerTrustee | 10 | $0 |
Gary Farkash Secretary | OfficerTrustee | 10 | $0 |
Thomas Del Sorbo Treasurer | OfficerTrustee | 10 | $0 |
John Specce President | OfficerTrustee | 20 | $0 |
Thomas Brick Board Member | Trustee | 2 | $0 |
Ann Balderston-Glynn Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,895 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,682 |
| Total Program Service Revenue | $8,313 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,009 |
| 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 | $11,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,462 |
| Office expenses | $5,907 |
| Information technology | $5,275 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450 |
| Insurance | $9,371 |
| All other expenses | $1,762 |
| Total functional expenses | $79,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,252 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $800 |
| Net Land, buildings, and equipment | $900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,344,239 |
| Total assets | $1,416,191 |
| Accounts payable and accrued expenses | $12,915 |
| 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 | $12,915 |
| Net assets without donor restrictions | $1,386,012 |
| Net assets with donor restrictions | $17,264 |
| 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 | $1,416,191 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Oyster Bay Railroad Museum has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
Bahnik Foundation Inc Oyster Bay, NY PURPOSE: GENERAL PURPOSES | $20,000 |
Frederic R Coudert Foundation Melville, NY PURPOSE: COMMUNITY | $10,000 |
Maurice J Cotter And Muriel J Sheahan Charitable Foundation Westbury, NY PURPOSE: DONATION TO MUSEUM | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
Old Dartmouth Historical Society New Bedford, MA | $34,006,057 | $4,398,959 |
Longyear Foundation Chestnut Hill, MA | $89,717,861 | $3,937,071 |
The Arthur Page Society New York, NY | $4,651,652 | $4,039,971 |
Connecticut Historical Society Hartford, CT | $72,727,103 | $6,569,476 |