Minnesota Transportation Museum Inc
- Assets
- $7.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- St Paul, MN
- Founding
- 05/1970
- Data as of
- 12/2021
- EIN
- 23-7066156
Organization Overview
Minnesota Transportation Museum Inc is located in St Paul, MN. The organization was established in 1970. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Minnesota Transportation Museum Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Transportation 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 12/2021, Minnesota Transportation Museum Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $737.2k during the year ending 12/2021. 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
TO EDUCATE THE PUBLIC REGARDING THE HISTORY AND DEVELOPMENT OF TRANSPORTATION IN MINNESOTA AND TO PRESERVE THAT HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OSCEOLA TRAIN RIDE: RAILROAD DIVISION EXPENSES FOR PURCHASE, LEASE AND RESTORATION OF RAILWAY STEAM ENGINE PASSENGER & FREIGHT CARS, AQUISITION OF USEFUL TOOLS & MACHINERY FOR CARRYING RESTORATION WORK, & OPERATING PUBLIC TRAIN RIDES FROM OSCEOLA, WI TO MARINE, MN OR DRESSER, WI
JACKSON STREET MUSEUM: ROUNDHOUSE DIVISION EXPENSES FOR MN'S RAILROAD HISTORY INCLUDING RESTORATION OF THE ROUNDHOUSE, EXHIBITS, ROLLING STOCK, & THE MAINTENANCE FACILITY & RELATED EQUIPMENT & TOOLS FOR DEVELOPING A MUSEUM WITHIN THE ROUNDHOUSE FOR PUBLIC ENJOYMENT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Wellman Vice Chairman | OfficerTrustee | 5 | $0 |
Scott Johnson Tresurer | OfficerTrustee | 20 | $0 |
Brian Voss Chairman | OfficerTrustee | 20 | $0 |
Bob Puelston Secretary | OfficerTrustee | 10 | $0 |
Lane Litrell Member | Trustee | 5 | $0 |
Kurt Mahre Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,745 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,197,673 |
| Noncash contributions included in lines 1a–1f | $760,349 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,210,418 |
| Total Program Service Revenue | $526,955 |
| Investment income | $19,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,806 |
| Net Gain/Loss on Asset Sales | $11,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,968 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,796,684 |
| 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 | $106,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,652 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,220 |
| Fees for services: Other | $59,448 |
| Advertising and promotion | $38,876 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,397 |
| Insurance | $99,253 |
| All other expenses | $23,008 |
| Total functional expenses | $737,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,701 |
| Savings and temporary cash investments | $2,238,223 |
| 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 | $26,917 |
| Prepaid expenses and deferred charges | $4,836 |
| Net Land, buildings, and equipment | $2,784,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,980,562 |
| Total assets | $7,423,198 |
| Accounts payable and accrued expenses | $37,351 |
| 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 | $623,327 |
| Total liabilities | $660,678 |
| Net assets without donor restrictions | $5,612,835 |
| Net assets with donor restrictions | $1,149,685 |
| 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 | $7,423,198 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Transportation Museum Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Hardenbergh Foundation St Paul, MN PURPOSE: GENERAL SUPPORT | $200,000 |
Endowment Analysis
| Beg. Balance | $23,531 |
| Ending Balance | $23,531 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Danish Immigrant Museum Elk Horn, IA | $10,787,918 | $1,977,649 |
National Railroad Museum Inc Green Bay, WI | $10,947,980 | $3,836,753 |
Door County Maritime Museum & Lighthouse Preservation Society In Sturgeon Bay, WI | $12,430,907 | $3,874,583 |
Wisconsin Maritime Museum Inc Manitowoc, WI | $5,537,448 | $1,354,482 |
National Sprint Car Hall Of Fame & Museum Foundation Inc Knoxville, IA | $7,797,948 | $2,501,286 |
Lake Superior Railroad Museum Duluth, MN | $1,428,444 | $1,322,754 |
Pavek Museum Of Broadcasting St Louis Park, MN | $6,139,052 | $709,013 |