Iowa Railroad Historical Society
- Assets
- $4.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Boone, IA
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 42-1200523
Organization Overview
Iowa Railroad Historical Society is located in Boone, IA. The organization was established in 1983. 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 12/2022, Iowa Railroad Historical Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Railroad Historical Society 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 12/2022, Iowa Railroad Historical Society generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE PUBLIC ON RAILROAD HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORICAL ASPECTS OF RAILROAD HISTORY OF THE FORT DODGE-DES MOINES RAILROAD LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Stevenson General Mgr | Officer | 40 | $63,400 |
Terry Goodman Treasurer | OfficerTrustee | 4 | $0 |
Alan Schroeder President | OfficerTrustee | 4 | $0 |
Spencer Vaughn Vice President | OfficerTrustee | 4 | $0 |
Roger Lutz VP Of Fin & Adm | OfficerTrustee | 4 | $0 |
Gary Jaehnel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,665 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,996 |
| Total Program Service Revenue | $1,587,237 |
| Investment income | $868 |
| 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 | -$112,696 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,830,405 |
| 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. | $63,400 |
| Compensation of current officers, directors, key employees. | $63,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,977 |
| Payroll taxes | $35,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $12,623 |
| Advertising and promotion | $53,213 |
| Office expenses | $33,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,606 |
| Travel | $2,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,690 |
| Insurance | $121,140 |
| All other expenses | $14,665 |
| Total functional expenses | $1,584,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $684,565 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,177 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,175,480 |
| Investments—publicly traded securities | $262,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $448,910 |
| Total assets | $4,623,282 |
| Accounts payable and accrued expenses | $13,323 |
| Grants payable | $0 |
| Deferred revenue | $197,801 |
| 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 | $400,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $137,821 |
| Total liabilities | $749,451 |
| Net assets without donor restrictions | $3,873,831 |
| 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 | $4,623,282 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iowa Railroad Historical Society has recieved totaling $21,581.
| Awarding Organization | Amount |
|---|---|
Leonard A Good Testamentary Tr Ogden, IA PURPOSE: CHARITABLE | $20,000 |
Krause Gentle Foundation Des Moines, IA PURPOSE: MEMORIALS | $1,000 |
Rebensdorf Family Foundation Omaha, NE PURPOSE: TO EDUCATE THE PUBLIC ON RAILROAD HISTORY. | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Endowment Analysis
| Earnings | -$554 |
| Net Contributions | $7,000 |
| Ending Balance | $6,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Mount Rushmore National Memorial Society Of Black Hills Rapid City, SD | $22,476,449 | $3,858,593 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Truck Historical Society Kansas City, MO | $4,869,322 | $1,570,216 |
Nebraska State Historical Society Foundation Lincoln, NE | $17,627,220 | $2,353,385 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |