North American Railway Foundation
- Assets
- $25.0m
- Revenue
- $1.0m
- Investments
- $24.4m
- Employees
- 0
- Location
- Mechanicsburg, PA
- Founding
- 08/1997
- Data as of
- 09/2022
- EIN
- 25-1801614
Organization Overview
North American Railway Foundation is located in Mechanicsburg, PA. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Railway Foundation 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 09/2022, North American Railway Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.6m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED RAILROAD LABORERS AND THEIR SUPPORTING ORG'S WITH SPECIALIZEDTRAINING AND EQUIPMENT IN ORDER TO PROMOTE RAIL TECHNOLOGY, SAFETY, EDUCATION ANDHISTORY WITHIN THEIR FIELD.
THE FOUNDATION UNDERTOOK A PROJECT WITH THE RAILROADERS HERITAGE CORP TO ESTABLISH THE LUTHER G SMITH MEMORIAL YARD ON THE GROUNDS OF THE RAILROADER'S MEMORIAL MUSEUM.
THE FOUNDATION ASSISTED THE RAILROADERS HERITAGE CORP WITH NEEDED REPAIRS AND MAINTENANCE TO THE ROOF OF THE RAILROADER'S MUSEUM
THE FOUNDATION ASSISTED THE NATIONAL MUSEUM OF TRANSPORTATION IN THE CREATION OF AN EDUCATIONAL DISPLAY FEATURING THE BOSTON & PROVIDENCE RAILROAD PASSENGER COACH (1833).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Je Taylor Chairman | 1 | $0 | |
Bj Penfield Vice Chairman | 1 | $0 | |
Dj Despines Jr Secretary | 1 | $0 | |
S Psichogios Director | 0.25 | $0 | |
Bw Plant Director | 0.25 | $0 | |
Mt Mccrory II Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,014,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,484 |
| Capital Gain Net Income | $33,484 |
| Net ST Capital Gain | $1,531 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,048,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,378 |
| Depreciation | $684 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,422 |
| Printing and publications | $0 |
| Other expenses | $1,631,356 |
| Total operating and administrative expenses | $1,644,840 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,644,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $465,878 |
| Net Accounts receivable | $44,312 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,443 |
| Other assets | $0 |
| Total assets | $24,959,913 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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|---|---|---|
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |