National Railroad Hall Of Fame Inc is located in Galesburg, IL. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2022, National Railroad Hall Of Fame Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Railroad Hall Of Fame 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 09/2022, National Railroad Hall Of Fame Inc generated $139.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $144.0k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
FOR EDUCATIONAL, CIVIC AND RESEARCH PURPOSES TO ESTABLISH AND MAINTAIN A NATIONAL RAILROAD HALL OF FAME FOR THE SUITABLE RECOGNITION OF PERSONS AND ENTITIES WHO HAVE BEEN INSTRUMENTAL IN THE ESTABLISHMENT AND GROWTH OF THE RAILROAD INDUSTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie King Executive Di | 45 | $36,667 | |
Richard Kowalski Secretary | 0.5 | $0 | |
Steve Gerstenberger Director | 0.5 | $0 | |
Roger Taylor Vice Chairma | 0.5 | $0 | |
David Schramm Treasurer | 0.5 | $0 | |
Tom Farrell Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $86,071 |
Total Program Service Revenue | $50,375 |
Membership dues | $0 |
Investment income | $22 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $3,253 |
Total Revenue | $139,721 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $109,893 |
Professional fees and other payments to independent contractors | $4,760 |
Occupancy, rent, utilities, and maintenance | $4,369 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $24,958 |
Total expenses | $143,980 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $41,421 |
Other assets | $0 |
Total assets | $158,231 |
Total liabilities | $4,691 |
Net assets or fund balances | $153,540 |
Over the last fiscal year, we have identified 1 grants that National Railroad Hall Of Fame Inc has recieved totaling $3,500.
Awarding Organization | Amount |
---|---|
Rebensdorf Family Foundation Omaha, NE PURPOSE: TO ESTABLISH AND MAINTAIN A NATIONAL RAILROAD HALL OF FAME FOR THE EDUCATION OF THE PUBLIC AND THE PRESERVATION OF RAILROAD HISTORY. | $3,500 |
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