Mid-Continent Railway Historical Society Inc
- Assets
- $13.4m
- Revenue
- $1.3m
- Investments
- $542.2k
- Employees
- 17
- Location
- North Freedom, WI
- Founding
- 12/1961
- Data as of
- 10/2023
- EIN
- 39-1023326
Organization Overview
Mid-Continent Railway Historical Society Inc, operating under the name Mid-Continent Railway Museum, is located in North Freedom, WI. The organization was established in 1961. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2023, Mid-Continent Railway Museum employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Continent Railway 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 10/2023, Mid-Continent Railway Museum generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $572.5k during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO MAINTAIN AND OPERATE A MUSEUM AND HISTORICAL ORGANIZATION PERPETUATING THE MEMORY AND HISTORY OF RAILROADING, INCLUDING THE PEOPLE, EQUIPMENT & GEOGRAPHICAL LOCATIONS THEREIN INVOLVED, AND TO ENGAGE IN, ASSIST AND ENDOW SUCH LITERARY & EDUCATIONAL ACTIVITIES AND UNDERTAKINGS AS WILL AID AND ABET IN PRESERVING SAID MEMORY AND HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE THE PUBLIC BY OFFERING EDUCATIONAL DEMONSTRATION RIDES FOR MUSEUM VISITORS, OFFERING SPECIAL EVENTS CENTERED ON HISTORIC AND SEASONAL THEMES, HOSTING GUIDED TOURS OF RESTORED RAILCARS AND OPEN HOUSES SHOWCASING ONGOING RESTORATION PROJECTS, AND OTHER LEARNING OPPORTUNITIES THAT THE SOCIETY PROVIDES. THE SOCIETY CONTINUED ITS PROGRAM SERVICES BY OFFERING EDUCATIONAL DEMONSTRATION RIDES FOR MUSEUM VISITORS IN ITS VINTAGE RAILROAD EQUIPMENT, PROVIDING TOURS THROUGH HISTORIC RAILROAD EQUIPMENT THAT HAS BEEN RESTORED OR IS UNDERGOING RESTORATION, ENTERTAINING REQUESTS FOR PRESENTATIONS TO AREA COMMUNITY CLUBS AND SCHOOLS, PROVIDING OPPORTUNITIES TO LEARN HISTORIC RAILROAD OPERATING AND MAINTENANCE PRACTICES THROUGH ITS VOLUNTEER TRAINING PROGRAMS, AND THE PUBLISHING OF A MEMBER MAGAZINE, NEWSLETTER, AND ANNUAL CALENDAR. OUTREACH ALSO OCCURS DIGITALLY, THROUGH THE SHARING OF RAILROAD HISTORICAL AND TECHNICAL INFORMATION VIA RESTORATION BLOGS AND OTHER SUCH METHODS, DISTRIBUTED TO WEBSITE, EMAIL, AND SOCIAL MEDIA AUDIENCES. MAJOR DEVELOPMENTS IN 2022-2023 INCLUDED SIGNIFICANT IMPROVEMENTS TO THE ORGANIZATION'S RAILROAD INFRASTRUCTURE. THE RAILROAD TRACK IS A VITAL COMPONENT OF THE MUSEUM'S ABILITY TO OFFER DEMONSTRATION TRAIN RIDES TO THE PUBLIC USING ITS COLLECTION OF HISTORIC RAIL CARS AND LOCOMOTIVES. THERE WAS ALSO A GREAT DEAL OF PROGRESS ON OVERHAULING OR RESTORING A 1907 STEAM LOCOMOTIVE, A 1914 COMMUTER CAR, A 1924 WOODEN CABOOSE, ONE OF THE NATION'S OLDEST AND MOST INTACT WOODEN SLEEPING CARS, AND THE SOLE REMAINING GEARED LOCOMOTIVE TO HAVE OPERATED IN THE STATE OF WISCONSIN. RESTORATION WORK ALSO BEGAN ON THE OLDEST AND MOST INTACT GAS-ELECTRIC MOTOR CAR PRODUCED BY THE ELECTRO-MOTIVE CORPORATION. LASTLY, THE ORGANIZATION CELEBRATED ITS 60TH ANNIVERSARY WITH SPECIAL EXHIBIT AND TOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bloohm President (thru December)/director | OfficerTrustee | 2 | $0 |
Andrew Spinelli President (from December) | OfficerTrustee | 2 | $0 |
Jeffrey Huttenburg Vice President | OfficerTrustee | 1 | $0 |
Colin O'brien Secretary | OfficerTrustee | 1 | $0 |
Robert Anderson Treasurer | OfficerTrustee | 1 | $0 |
Richard Colby Director | Trustee | 1 | $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 | $787,498 |
| Noncash contributions included in lines 1a–1f | $6,418 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $787,498 |
| Total Program Service Revenue | $382,402 |
| Investment income | $178,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,400 |
| Net Gain/Loss on Asset Sales | -$75,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,080 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,345,710 |
| 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 | $154,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,259 |
| Fees for services: Other | $9,209 |
| Advertising and promotion | $40,603 |
| Office expenses | $36,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,118 |
| Travel | $4,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,302 |
| Insurance | $63,481 |
| All other expenses | $10,895 |
| Total functional expenses | $572,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,165 |
| Savings and temporary cash investments | $274,862 |
| 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 | $46,295 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,667,415 |
| Investments—publicly traded securities | $3,550,233 |
| Investments—other securities | $542,174 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,997,246 |
| Total assets | $13,365,390 |
| Accounts payable and accrued expenses | $9,812 |
| Grants payable | $0 |
| Deferred revenue | $72,534 |
| 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 | $82,346 |
| Net assets without donor restrictions | $12,218,607 |
| Net assets with donor restrictions | $1,064,437 |
| 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 | $13,365,390 |