Medina Railroad Museum
- Assets
- $716.9k
- Revenue
- $81.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Medina, NY
- Founding
- 02/1999
- Data as of
- 03/2021
- EIN
- 16-1552382
Organization Overview
Medina Railroad Museum is located in Medina, NY. The organization was established in 1999. 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 03/2023, Medina Railroad Museum employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medina 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 03/2021, Medina Railroad Museum generated $81.8k 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 (28.6%) each year. All expenses for the organization totaled $200.5k during the year ending 03/2021. 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
ASSEMBLE, PRESERVE, INTERPRET AND DISPLAY RAILROAD ARTIFACTS,MODEL AND MEMORABILIA FOR THE ENJOYMENT OF THE PUBLIC AND EDUCATION OF FUTURE GENERATIONS AND TO BENEFIT TOURISM AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE INTEREST IN HISTORY OF RAILROADS AND TRAINS. OFFER RAILROAD DISPLAY FOR PUBLIC OBSERVATION.
SAME AS PART III, LINE 4(A).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Winkler Dir. Of Oper | Officer | 40 | $61,819 |
George Bidleman President | OfficerTrustee | 2 | $0 |
Don Owens Vice Preside | OfficerTrustee | 2 | $0 |
Hank Olejniczak Treasurer | OfficerTrustee | 2 | $0 |
Virginia Kropf Secretary | OfficerTrustee | 2 | $0 |
Fredrick Henn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,148 |
| Investment income | $571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,740 |
| 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 | $2,049 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,794 |
| Statement of Expenses | |
|---|---|
| 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. | $13,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,798 |
| Fees for services: Management | $3,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,078 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,173 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,399 |
| Insurance | $27,171 |
| All other expenses | $0 |
| Total functional expenses | $200,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,828 |
| 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 | $12,539 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $336,513 |
| Total assets | $716,942 |
| Accounts payable and accrued expenses | $13,979 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Secured mortgages and notes payable | $20,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $103,979 |
| 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 |
| Total liabilities and net assets/fund balances | $612,963 |