National Railroad Hall Of Fame Inc
- Assets
- $158.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Galesburg, IL
- Founding
- 06/1996
- Data as of
- 09/2022
- EIN
- 36-4047006
Organization Overview
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 09/2023, 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Peterson Chairman | 0.5 | $0 | |
Jay Matson Vice Chairma | 0.5 | $0 | |
David Schramm Treasurer | 0.5 | $0 | |
Seamus Reilly Secretary | 0.5 | $0 | |
Tom Farrell Director | 0.5 | $0 | |
Steve Gerstenberger Director | 0.5 | $0 |
Financial Statements
| 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 |