Liberty Historic Railway Inc
- Assets
- $1.3m
- Revenue
- $194.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Berkeley Heights, NJ
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 27-1997848
Organization Overview
Liberty Historic Railway Inc is located in Berkeley Heights, NJ. The organization was established in 2010. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Historic Railway 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, Liberty Historic Railway Inc generated $194.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $144.1k during the year ending 12/2021. While expenses have increased by 15.9% per year over the past 7 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.
Since 2018, Liberty Historic Railway Inc has awarded 17 individual grants totaling $304,954. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND RESTORATION OF HISTORIC NEW JERSEY TRANSPORTATION EQUIPMENT AND STRUCTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF HISTORIC RAILROADING EQUIPMENT & BUILDINGS (PROGRAM IN DEVELOPMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Mckelvey Chairman & Urhs Delegate | Trustee | 40 | $0 |
George R Lapierre Trustee | Trustee | 0 | $0 |
Jack May Trustee | Trustee | 0 | $0 |
Gregory X Bender Trustee | Trustee | 0 | $0 |
Lawrence E Gross Trustee | Trustee | 0 | $0 |
Valdar Don Chaudruc Trustee | Trustee | 0 | $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 | $174,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,006 |
| Total Program Service Revenue | $0 |
| Investment income | $14,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,496 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,518 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $0 |
| 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 | $660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,463 |
| All other expenses | $747 |
| Total functional expenses | $144,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,059 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,221,078 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,259,137 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,259,137 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,259,137 |
Grants Awarded
Over the last fiscal year, Liberty Historic Railway Inc has awarded $114,468 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NJ TRANSPORTATION HERITAGE CENTER US COACH AND EQUIP SALES PURPOSE: RESTORATION OF HISTORIC TRACKLESS TRANSIT BUS #60 | $37,348 |
Morristown, NJ PURPOSE: ACQUIRE, TRANSPORT AND PRESERVE M&NJ #2 GE 44 TON LOCOMOTICE | $36,900 |
Rochelle Park, NJ PURPOSE: TRACK 3 AT SHOP USED TO RESTORE/MAINTAIN/PRESERVE NYSWTHS EQUIPMENT | $14,000 |
FORKED RIVER DIESEL-GENERATOR PURPOSE: RESTORATION TO OPERATING CONDITION OF POWERED LIBERTY SHIP LIFEBOAT | $13,625 |
KRAFT POWER CORP PURPOSE: SEA SCOUT SHIP #2 GENERATORS | $6,950 |
AMERICAN INDUSTRIAL MINING MUSEUM PURPOSE: RESTORATION OF 2FT GAUGE BATTERY MINING LOCOMOTIVE | $5,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Adirondack Historical Association Blue Mountain Lake, NY | $85,481,091 | $8,305,125 |