Rail Heritage Trust
- Assets
- $6.9m
- Revenue
- $282.6k
- Investments
- $6.7m
- Employees
- 0
- Location
- Paola, KS
- Founding
- 08/2014
- Data as of
- 04/2022
- EIN
- 46-4327372
Organization Overview
Rail Heritage Trust is located in Paola, KS. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rail Heritage Trust 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 04/2022, Rail Heritage Trust generated $282.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (49.3%) each year. All expenses for the organization totaled $495.8k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rail Heritage Trust has awarded 44 individual grants totaling $675,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $295,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,898 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $282,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,218 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,378 |
| Printing and publications | $0 |
| Other expenses | $215 |
| Total operating and administrative expenses | $145,811 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $495,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,381 |
| Savings and temporary cash investments | $134,403 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,885,659 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,960 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,960 |
Grants Awarded
Over the last fiscal year, Rail Heritage Trust has awarded $350,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ENGINE 557 RESTORATION COMPANY PURPOSE: INSTALL TUBERS AND FLUES IN ALASKA RAILROAD 557 | $36,000 |
Inver Grove Heights, MN PURPOSE: CARITAS RESCUE AND RETURN TO SERVICE | $31,000 |
PACIFIC RAILROAD PRESERVATION ASSOCIATION INCORPORATED PURPOSE: MAINTENANCE | $29,000 |
NASHVILLE STEAM PRESERVATION ASSOCIATION PURPOSE: MAINTENANCE | $29,000 |
Abilene, KS PURPOSE: TRACK REPAIR | $20,000 |
EBT FOUNDATION INC PURPOSE: M-1 TRUCK & TRACTION MAINTENANCE | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J A & Leta M Chapman Charitable Tr Tulsa, OK | $1,004,993,686 | $116,236,869 |
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
Steel & Pipe Supply Company Inc Voluntary Employees Beneficiary Tr Manhattan, KS | $1,575,827 | $5,668,085 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |
Pauline Mcfarlin Walter Memorial Trust 10910 Tulsa, OK | $77,675,534 | $8,407,780 |
James A & Leta M Chapman Testamentary Charitable Tr Tulsa, OK | $63,271,395 | $1,980,658 |
Marvin S Robinson Charitable Tr Manhattan, KS | $11,920,559 | $11,406,956 |