Lake Superior Railroad Museum

Organization Overview

Lake Superior Railroad Museum is located in Duluth, MN. The organization was established in 1974. 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 12/2023, Lake Superior Railroad Museum employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior 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 12/2023, Lake Superior Railroad Museum generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATE THE PUBLIC ON THE OPERATIONS OF A RAILROAD AND ITS EQUIPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HISTORICAL PRESENTATION AND PRESERVATION OF RAILROAD EQUIPMENT AND DISPLAY OF THE EQUIPMENT FOR THE BENEFIT OF THE GENERAL PUBLIC. THE ORGANIZATION STIVES TO COLLECT, PRESERVE, AND HOUSE DATA, OBJECTS, ARTICLES SPECIMENS AND EQUIPMENT ILLUSTRAING OR DEMONSTRAINT THE HISTORY OF INDUSTRIAL TRANSPORTAION IN THE LAKE SUPERIOR REGION. SPECIAL EMPHASIS IS PLACE ON EQUIPMENT AND OTHER ARTIFACTS RELATED TO THE HISTORY OF REAIROADING IN MIONNESOTA.


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Board, Officers & Key Employees

Name (title)Compensation
Ken Buehler
Executive Di
$61,575
Jim Bender
Vice Preside
$0
Edward Burkhardt
Board
$0
Rob Burn
Board
$0
Jesse Chalich
Board
$0
Janis Clay
Board
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$731,407
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$731,407
Total Program Service Revenue$718,568
Investment income $5,071
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $8,142
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,495,323

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