Colorado Model Railroad Museum
- Assets
- $1.2m
- Revenue
- $353.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Greeley, CO
- Founding
- 05/2010
- Data as of
- 03/2024
- EIN
- 27-1369289
Organization Overview
Colorado Model Railroad Museum is located in Greeley, CO. The organization was established in 2010. 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 03/2024, Colorado Model Railroad Museum employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Model 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 03/2024, Colorado Model Railroad Museum generated $353.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $351.7k during the year ending 03/2024. While expenses have increased by 8.3% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MODEL RAILROADING EXPERIENCE THAT EDUCATES, INSPIRES, AND BRINGS JOY TO ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED RAILROAD ARTIFACTS, TRAIN MODELS, AND LAYOUTS FOR VIEWING BY THE PUBLIC TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Winter Board President | OfficerTrustee | 20 | $0 |
Michelle Kempema Executive Director | Trustee | 40 | $42,606 |
Steve Lehwald Board Treasurer | OfficerTrustee | 8 | $0 |
Gene Haffner Board Secretary | OfficerTrustee | 8 | $0 |
John Cochran Board Vice President | OfficerTrustee | 8 | $0 |
Chuck Call Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,820 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,174 |
| Total Program Service Revenue | $144,936 |
| Investment income | $15,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,344 |
| Net Income from Fundraising Events | $50,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,471 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,007 |
| 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. | $42,606 |
| Compensation of current officers, directors, key employees. | $10,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,485 |
| Office expenses | $1,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,091 |
| Travel | $3,119 |
| 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 | $38,223 |
| Insurance | $11,375 |
| All other expenses | $32,917 |
| Total functional expenses | $351,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,635 |
| Savings and temporary cash investments | $33,025 |
| 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 | $64,324 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $399,461 |
| Investments—publicly traded securities | $687,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,610 |
| Total assets | $1,199,632 |
| Accounts payable and accrued expenses | $4,885 |
| 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 | $0 |
| Total liabilities | $4,885 |
| Net assets without donor restrictions | $820,416 |
| Net assets with donor restrictions | $374,331 |
| 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 | $1,199,632 |