Lost Railway Museum
- Assets
- $1.1m
- Revenue
- $223.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grass Lake, MI
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-5410254
Organization Overview
Lost Railway Museum is located in Grass Lake, MI. The organization was established in 2016. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost 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 12/2021, Lost Railway Museum generated $223.3k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEMONSTRATE THE VITAL ROLE RAILROADS AND INTERURBAN RAILWAY SYSTEM PLAYED IN THE GROWTH OF GRASS LAKE AREA AS WELL AS MICHIGAN BY DISPLAYING AN ACTUAL ELECTRIC INTERURBAN RAIL CAR AND RELATED ARTIFACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISPLAY INTERURBAN RAIL CARS AND OTHER HISTORICAL ARTIFACTS TO EDUCATE THE PUBLIC ABOUT THE ELECTRIC INTERURBAN RAILWAY SYSTEM THAT USED TO BE THE PRIMARY MODE OF PUBLIC TRANSPORTATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Makulski Secretary | OfficerTrustee | 1 | $0 |
Phil Willis Chairman | OfficerTrustee | 5 | $0 |
Pat Willis Treasurer | Officer | 1 | $0 |
Eric Beda Director | Trustee | 1 | $0 |
Dawn Cuddie Director | Trustee | 1 | $0 |
Steve Rudolph Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,087 |
| Total Program Service Revenue | $10,831 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $450 |
| 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 | $882 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,376 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,632 |
| Office expenses | $513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,883 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,069 |
| Insurance | $3,872 |
| All other expenses | $263 |
| Total functional expenses | $106,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,599 |
| Pledges and grants receivable | $17,500 |
| 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 | $4,507 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,010,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,066,504 |
| Accounts payable and accrued expenses | $32 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $148,312 |
| Other liabilities | $0 |
| Total liabilities | $148,344 |
| Net assets without donor restrictions | $857,963 |
| Net assets with donor restrictions | $60,197 |
| 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 | $1,066,504 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lost Railway Museum has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The L H Field Foundation Jackson, MI PURPOSE: HISTORIC MUSEUM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |