Abilene Smokey Valley Rr Association
- Assets
- $413.6k
- Revenue
- $534.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Abilene, KS
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 48-1136101
Organization Overview
Abilene Smokey Valley Rr Association is located in Abilene, KS. The organization was established in 1993. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Abilene Smokey Valley Rr Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene Smokey Valley Rr Association 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 12/2023, Abilene Smokey Valley Rr Association generated $534.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $509.1k during the year ending 12/2023. While expenses have increased by 14.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE/PRESERVE RAILROAD HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND PRESERVE THE RAILROAD HISTORY OF THE AREA THROUGH TOURIST TRAIN RIDES AND MEMBERSHIP DUES AND DONATIONS. IN 2023 WE HOSTED 12,039 RIDERS FROM OVER 50% OF KANSAS' ZIP CODES, 42 STATES AND 7 COUNTRIES. OUR AREA OF REGULAR RIDERSHIP RANGES FROM KANSAS CITY, LINCOLN, NE, HAYS/GARDEN CITY AND WICHITA/WELLINGTON. WE HAD OVER 190 DEPARTURES FROM OUR HISTORIC 1887 ROCK ISLAND DEPOT IN ABILENE. IN 2023, WE EMBARKED ON AN AGGRESSIVE REINTRODUCTION, MARKETING AND REBRANDING OF OUR RAILROAD TO FOLKS THROUGH ASSISTANCE FROM OUR SERVICES CONTRACTOR, HERITAGE RAIL MANAGEMENT, A SUBSIDIARY OF AMERICAN HERITAGE RAILWAYS (THE OWNER OF A NUMBER OF SUCCESSFUL HERITAGE RAILROADS). WE ADDED SEVERAL EVENT TRAINS INCLUDING PEANUTS GREAT PUMPKIN AND COWTOWN SANTA EXPRESS TO EXTEND OUR SEASON. WE ALSO EXPANDED OUR DINNER TRAIN OPPORTUNITIES. WE FOCUSED OUR EDUCATIONAL ACTIVITIES ON HOW KANSAS RAILROADS GREW KANSAS COMMUNITIES, KANSAS AGRICULTURE, AND KANSAS COMMERCE. WE DEMONSTRATED THE INTERRELATION OF RAILROADS AND AGRICULTURE WITH OUR HOFFMAN GRIST MILL LOCATED AT OUR ENTERPRISE TERMINAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Boelling President | OfficerTrustee | 65 | $20,000 |
Kevin Bailey Secretary | OfficerTrustee | 3 | $0 |
Joe Minick Emeritus Dir | Trustee | 6 | $0 |
Randy Reynolds Member | Trustee | 6 | $0 |
Craig Rose Member | Trustee | 6 | $0 |
Todd Walter Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,267 |
| Total Program Service Revenue | $454,001 |
| Investment income | $42 |
| 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 | $17,100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,410 |
| 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. | $20,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,612 |
| Fees for services: Management | $39,264 |
| Fees for services: Legal | $399 |
| Fees for services: Accounting | $1,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,970 |
| Advertising and promotion | $29,997 |
| Office expenses | $11,152 |
| Information technology | $1,059 |
| Royalties | $0 |
| Occupancy | $22,075 |
| Travel | $55,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,438 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,312 |
| Insurance | $32,712 |
| All other expenses | $14,600 |
| Total functional expenses | $509,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,819 |
| Savings and temporary cash investments | $18,503 |
| 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 | $19,165 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $348,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $413,605 |
| Accounts payable and accrued expenses | $1,593 |
| 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 | $0 |
| Other liabilities | $75,314 |
| Total liabilities | $76,907 |
| Net assets without donor restrictions | $336,698 |
| 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 | $413,605 |