National Model Railroad Assn Inc
- Assets
- $5.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Soddy Daisy, TN
- Founding
- 01/1976
- Data as of
- 12/2020
- EIN
- 23-7250652
Organization Overview
National Model Railroad Assn Inc is located in Soddy Daisy, TN. The organization was established in 1976. 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 12/2021, National Model Railroad Assn Inc employed 5 individuals. This organization is the central organization for a national or regional group of organizations. National Model Railroad Assn 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 12/2020, National Model Railroad Assn Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL MODEL RAILROAD ASSOCIATION, INC. WAS FOUNDED IN WISCONSIN IN 1935. ITS PURPOSE IS TO ESTABLISH AND MAINTAIN STANDARDS, PUBLISH A MONTHLY BULLETIN, AND TO INFORM AND SERVE ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL MODEL RAILROAD ASSOCIATION ESTABLISHES AND MAINTAINS HOBBY STANDARDS, OPERATION OF RESEARCH FACILITIES, AND COMMUNICATIONS THROUGH PUBLICATIONS AND CONVENTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Coble Vice President | Officer | 3 | $0 |
Gordon Robinson President | Officer | 5 | $0 |
Frank J Koch CFO | Officer | 10 | $0 |
Mike Cummings Secretary | Officer | 3 | $0 |
Didrik Voss Director | Trustee | 2 | $0 |
John Doehring Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $816,335 |
| Investment income | $161,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,061 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,110 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,334,168 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $51,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,367 |
| Travel | $1,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,881 |
| Insurance | $17,062 |
| All other expenses | $0 |
| Total functional expenses | $1,109,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,597 |
| Prepaid expenses and deferred charges | $22,066 |
| Investments—publicly traded securities | $3,561,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,881,840 |
| Accounts payable and accrued expenses | $8,929 |
| Grants payable | $0 |
| Deferred revenue | $334,814 |
| 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 | $12,000 |
| Total liabilities | $355,743 |
| 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 | $5,526,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Model Railroad Assn Inc has recieved totaling $1,377.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |