Adirondack Railway Preservation Society
- Assets
- $2.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 53
- Location
- Utica, NY
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 22-3074470
Organization Overview
Adirondack Railway Preservation Society is located in Utica, NY. The organization was established in 1993. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Adirondack Railway Preservation Society employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack Railway Preservation Society 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, Adirondack Railway Preservation Society generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS PROMOTING, PARTICIPATING IN AND CONTRIBUTING TO THE REHABILITATION, MAINTENANCE AND OPERATION OF THE ADIRONDACK CORRIDOR.
Describe the Organization's Program Activity:
THE ORGANIZATION'S PURPOSE IS PROMOTING, PARTICIPATING IN AND CONTRIBUTING TO THE REHABILITATION, MAINTENANCE, OPERATION AND PRESERVATION OF THE ADIRONDACK TRAVEL CORRIDOR.
THE ORGANIZATION'S PURPOSE IS PROMOTING, PARTICIPATING IN AND CONTRIBUTING TO THE REHABILITATION, MAINTENANCE, OPERATION AND PRESERVATION OF THE ADIRONDACK TRAVEL CORRIDOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Heywood Director | OfficerTrustee | 2 | $0 |
Frank Kobliski President | OfficerTrustee | 30 | $0 |
Vince Sperrazza Director | OfficerTrustee | 2 | $0 |
Neal Baumann Treasurer | Trustee | 2 | $0 |
Allen Dunham Director | Trustee | 2 | $0 |
Robert Hest Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,017,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,658 |
| Total Program Service Revenue | $1,937,569 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,406,896 |
| 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 | $626,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,261 |
| Payroll taxes | $74,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,815 |
| 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 | $119,352 |
| Advertising and promotion | $39,738 |
| Office expenses | $1,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,417 |
| Insurance | $129,449 |
| All other expenses | $86,064 |
| Total functional expenses | $2,016,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,076 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $326,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,987 |
| Prepaid expenses and deferred charges | $27,804 |
| Net Land, buildings, and equipment | $2,227,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $492 |
| Total assets | $2,682,180 |
| Accounts payable and accrued expenses | $134,830 |
| 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 | $45,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $548,993 |
| Total liabilities | $728,823 |
| Net assets without donor restrictions | $1,953,357 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,682,180 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adirondack Railway Preservation Society has recieved totaling $13,129.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $12,985 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |