Rail Heritage Trust
- Assets
- $6.4m
- Revenue
- $458.3k
- Investments
- $5.6m
- Employees
- 0
- Location
- Paola, KS
- Founding
- 08/2014
- Data as of
- 04/2024
- 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 04/2024, Rail Heritage Trust generated $458.3k 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 (16.5%) each year. All expenses for the organization totaled $361.7k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rail Heritage Trust has awarded 83 individual grants totaling $1,175,000. 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 | $25,149 |
| Dividends & Interest | $280,311 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,185 |
| Capital Gain Net Income | $150,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,688 |
| Total Revenue | $458,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,203 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,475 |
| Printing and publications | $0 |
| Other expenses | $260 |
| Total operating and administrative expenses | $111,714 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $361,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,717 |
| Savings and temporary cash investments | $825,237 |
| 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 | $6,394,817 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rail Heritage Trust has awarded $250,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ABILENE SMOKY VALLEY RAILROAD ASSOCIATION PURPOSE: ENGINE/CARS | $5,000 |
ADIRONDACK RAILWAY PRESERVATION SOCIETY PURPOSE: COACH | $10,000 |
AUSTIN STEAM TRAIN ASSOCIATION INCORPORATED PURPOSE: DIESEL ENGINE | $11,000 |
FRIENDS OF SP 4449 INC PURPOSE: DINER | $15,000 |
ILLINOIS RAILWAY MUSEUM PURPOSE: MILWAUKEE ROAD COACH | $25,000 |
MICHIGAN STATE TRUST FOR RAILWAY PRESERVATION INC PURPOSE: COACH 5447 | $15,000 |