Nickel Plate Heritage Railroad Inc
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 64
- Location
- Arcadia, IN
- Founding
- 11/2011
- Data as of
- 03/2024
- EIN
- 27-2835920
Organization Overview
Nickel Plate Heritage Railroad Inc is located in Arcadia, IN. The organization was established in 2011. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, Nickel Plate Heritage Railroad Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nickel Plate Heritage Railroad 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 03/2024, Nickel Plate Heritage Railroad Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $959.9k during the year ending 03/2024. While expenses have increased by 3.7% per year over the past 5 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
THE NICKEL PLATE HERITAGE RAILROAD TELLS THE STORY OF RAIL TRANSPORTATION THROUGH UNIQUE EXPERIENCES ON ITS NICKEL PLATE EXPRESS RAIL EXCURSIONS AS WELL S THROUGH THE ARCADIA DEPOT MUSEUM EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RAIL TRANSPORTATION AND UNIQUE RAILROAD EXCURSIONS AS WELL AS HISTORICAL EXPERIENCES ON THE RAIL AND IN MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lennox Director | Trustee | 1 | $0 |
Travis Shuck Director | Trustee | 1 | $0 |
Matt Light Director | Trustee | 5 | $0 |
Eric Powell Director | Trustee | 1 | $0 |
Mark Sibla Director | Trustee | 1 | $0 |
Patrick Sullivan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,631 |
| Total Program Service Revenue | $1,413,982 |
| Investment income | $15,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,483,080 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,866 |
| Payroll taxes | $27,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,607 |
| Advertising and promotion | $8,396 |
| Office expenses | $15,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,302 |
| Travel | $102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,221 |
| Insurance | $82,864 |
| All other expenses | $18,005 |
| Total functional expenses | $959,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,060 |
| Savings and temporary cash investments | $762,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $49,856 |
| Net Land, buildings, and equipment | $919,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,500 |
| Other assets | $1,001 |
| Total assets | $1,795,584 |
| Accounts payable and accrued expenses | $10,650 |
| 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 | $585,585 |
| Other liabilities | $0 |
| Total liabilities | $596,235 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,199,349 |
| Total liabilities and net assets/fund balances | $1,795,584 |