Friends Of The Railroad Museum
- Assets
- $2.2m
- Revenue
- $961.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Strasburg, PA
- Founding
- 11/1984
- Data as of
- 06/2021
- EIN
- 23-2230742
Organization Overview
Friends Of The Railroad Museum is located in Strasburg, PA. The organization was established in 1984. 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 06/2021, Friends Of The Railroad Museum employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The 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 06/2021, Friends Of The Railroad Museum generated $961.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $669.4k during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE RAILROAD MUSEUM OF PENNSYLVANIA LOCATED IN STRASBURG, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM TOURS - SUPPORT THE RAILROAD MUSEUM OF PA BY CONDUCTING TOURS TO ENHANCE THE PUBLIC'S ENJOYMENT OF THE MUSEUM. THE MUSEUM RECEIVED APPROXIMATELY 11,359 VISITORS THIS YEAR. 169 PEOPLE PARTICIPATED IN THE SCHOOL GROUP EDUCATIONAL PROGRAMS DURING THE YEAR.
RESTORATION & PURCHASE OF RAILROAD EQUIPMENT - SUPPORT THE RAILROAD MUSEUM OF PA BY PURCHASING & RESTORING RAILROAD EQUIPMENT FOR DONATION TO THE MUSEUM. THE MUSEUM IS CURRENTLY LOCATED ON 18 ACRES OF LAND, INCLUDING 100,000 SQUARE FEET FOR AN EXHIBIT HALL FOR THE INDOOR DISPLAY OF OVER 50 LOCOMOTIVES AND RAILROAD CARS. ADDITIONAL DISPLAYS ARE STORED OUTSIDE IN THE RESTORATION YARD, AND ARE AVAILABLE FOR VIEWING WHENEVER WEATHER, STAFFING AND SAFETY CONDITIONS PERMIT. IN TOTAL THERE ARE 105 LOCOMOTIVES AND RAILROAD CARS.
FRIENDS OF THE RAILROAD MUSEUM MEMBERSHIP - SUPPORT THE RAILROAD MUSEUM OF PA BY PROVIDING MUSEUM EDUCATION, NEWS AND INFORMATION TO MEMBERS OF THE FRIENDS OF THE RAILROAD MUSEUM. THE MILEPOST MAGAZINE IS PUBLISHED 5 TIMES A YEAR BY THE FRIENDS OF THE RAILROAD MUSEUM AND DISTRIBUTED TO ALL MEMBERS OF THE FRIENDS OF THE RAILROAD MUSEUM. DURING FISCAL YEAR 2021, FRIENDS HAD 1,664 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Patrick C Morrison Executive Director | Officer | 40 | $82,563 |
Mr Douglas O'brien Secretary | OfficerTrustee | 1 | $0 |
Mr James R Rose President | OfficerTrustee | 1 | $0 |
Mr Stephen B Ferrell Treasurer | OfficerTrustee | 1 | $0 |
Mr William Cluley Vice President | OfficerTrustee | 1 | $0 |
Mr Charles Coxson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,387 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $734,510 |
| Noncash contributions included in lines 1a–1f | $1,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,397 |
| Total Program Service Revenue | $46,300 |
| Investment income | $23,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$116 |
| Net Income from Gaming Activities | $189 |
| Net Income from Sales of Inventory | -$50,244 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $961,572 |
| 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 | $367,058 |
| Pension plan accruals and contributions | $3,694 |
| Other employee benefits | $54,329 |
| Payroll taxes | $25,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,648 |
| Office expenses | $103,635 |
| Information technology | $0 |
| 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 | $12,286 |
| Insurance | $0 |
| All other expenses | $8,907 |
| Total functional expenses | $669,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,217 |
| Savings and temporary cash investments | $968,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,514 |
| Prepaid expenses and deferred charges | $12,071 |
| Net Land, buildings, and equipment | $444,543 |
| Investments—publicly traded securities | $601,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,156,095 |
| Accounts payable and accrued expenses | $101,202 |
| Grants payable | $0 |
| Deferred revenue | $16,713 |
| 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 | $128,585 |
| Other liabilities | $0 |
| Total liabilities | $246,500 |
| Net assets without donor restrictions | $1,041,652 |
| Net assets with donor restrictions | $867,943 |
| 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 | $2,156,095 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of The Railroad Museum has recieved totaling $8,548.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $6,263 |
Les And Judy Smout Foundation Inc Clearwater, FL PURPOSE: UNRESTRICTED | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $260 |
Ak Steel Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $25 |
Endowment Analysis
| Beg. Balance | $235,356 |
| Earnings | $4,056 |
| Net Contributions | $141,190 |
| Ending Balance | $380,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Museum Of Jewish Heritage A Living Memorial To The Holocaust New York, NY | $55,434,280 | $9,656,219 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Baseball Hall Of Fame And Museum Inc Cooperstown, NY | $59,891,798 | $13,912,990 |
Eleutherian Mills-Hagley Foundation Inc Wilmington, DE | $219,223,690 | $13,522,481 |
Museum Of The City Of New York New York, NY | $66,852,822 | $13,898,529 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |