Western Maryland Scenic Railroad Development Corp
- Assets
- $4.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Cumberland, MD
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 52-1584622
Organization Overview
Western Maryland Scenic Railroad Development Corp is located in Cumberland, MD. The organization was established in 1990. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Western Maryland Scenic Railroad Development Corp employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Maryland Scenic Railroad Development Corp 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, Western Maryland Scenic Railroad Development Corp generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND OPERATION OF A SCENIC RAILROAD TO PROMOTE TOURISM IN WESTERN MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Heinz Executive Dir. | OfficerTrustee | 40 | $45,341 |
Mike Mckay President | OfficerTrustee | 5 | $0 |
Robert Flanigan Vice President | OfficerTrustee | 5 | $0 |
Ray Morriss Director | OfficerTrustee | 5 | $0 |
Todd Mckenzie Director | OfficerTrustee | 5 | $0 |
Eugene Frazier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,594 |
| Total Program Service Revenue | $2,190,393 |
| Investment income | $41 |
| 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 | -$39,166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,322,862 |
| 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. | $45,341 |
| Compensation of current officers, directors, key employees. | $45,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,315 |
| Payroll taxes | $123,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,403 |
| Fees for services: Accounting | $72,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,159 |
| Advertising and promotion | $13,893 |
| Office expenses | $219,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,487 |
| Travel | $14,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $471 |
| Interest | $65,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,426 |
| Insurance | $75,842 |
| All other expenses | $95,562 |
| Total functional expenses | $1,983,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,672 |
| Savings and temporary cash investments | $51,240 |
| Pledges and grants receivable | $1,784 |
| 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 | $40,741 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,986,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $4,819,096 |
| Accounts payable and accrued expenses | $553,586 |
| 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 | $1,284,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,838,213 |
| Net assets without donor restrictions | $2,929,679 |
| Net assets with donor restrictions | $51,204 |
| 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 | $4,819,096 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Western Maryland Scenic Railroad Development Corp has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Roy And Gwen Steeley Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Nonprofit Resources Butler, PA | $4,248,358 | $13,136,816 |
Community Transit Of Delaware County Norwood, PA | $5,687,535 | $12,312,310 |
Community Transportation Association Of America Washington, DC | $1,938,592 | $5,661,532 |
Railway Supply Institute Inc Washington, DC | $2,906,320 | $2,412,437 |
D19 Transportation Service Inc Stony Creek, VA | $1,091,605 | $1,951,596 |
West Virginia Public Transit Association Inc Charleston, WV | $114,713 | $1,722,468 |
Clay Senior And Community Services Inc Clay, WV | $687,187 | $2,205,176 |
Conference Of Minority Transportation Officials Alexandria, VA | $1,890,190 | $2,702,650 |
Western Maryland Scenic Railroad Development Corp Cumberland, MD | $4,819,096 | $2,322,862 |
Transportation Management Association Of Chester County Malvern, PA | $653,536 | $1,801,768 |
Pennsylvania Tourism Signing Trust Harrisburg, PA | $17,727,667 | $1,909,333 |
Japan Internattional Transport And Tourism Institute Usa Washington, DC | $1,075,827 | $1,727,491 |