National Railway Historical Society Old Dominion Chapter
- Assets
- $1.1m
- Revenue
- $143.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 11/1964
- Data as of
- 12/2021
- EIN
- 54-0154070
Organization Overview
National Railway Historical Society Old Dominion Chapter is located in Richmond, VA. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History 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. National Railway Historical Society Old Dominion Chapter 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, National Railway Historical Society Old Dominion Chapter generated $143.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $60.9k during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO RENOVATE AND PRESERVE RAILROAD ROLLING STOCK FOR DISPLAY, MAINTAIN RAILROAD YARD AND STATION, OPERATE A MUSEUM FOR RAILROAD HISTORY, AND PROVIDE EDUCATIONAL EXCURSIONS AND MATERIALS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICHMOND RAILROAD MUSEUM, OPERATED BY THE OLD DOMINION CHAPTER, CONTAINS MANY EXHIBITS RELATING TO VIRGINIA'S HISTORY, INCLUDING AUTHENTIC FIXTURES AND FURNISHINGS, A GIFT SHOP, AND A GALLERY DEVOTED EXCLUSIVELY TO RICHMOND'S LARGEST HO SCALE MODEL RAILROAD. ON VIEW ON THE GROUNDS ARE A REAL STEAM LOCOMOTIVE, BAGGAGE CAR AND CABOOSE, ALONG WITH TRACK CARS, SIGNALS AND OTHER RAILROAD ARTIFACTS. TOURS ARE CONDUCTED BY KNOWLEDGEABLE HOSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Torrez President | OfficerTrustee | 1 | $0 |
Devin Gray 1st VP | OfficerTrustee | 1 | $0 |
Ned Krack Treasurer/se | OfficerTrustee | 1 | $0 |
Justin Anger 2nd VP | OfficerTrustee | 1 | $0 |
Greg Hodges Director | Trustee | 1 | $0 |
Calvin Boles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,530 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,824 |
| Total Program Service Revenue | $10,684 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $112,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,747 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $497 |
| Office expenses | $4,240 |
| Information technology | $805 |
| Royalties | $0 |
| Occupancy | $12,501 |
| Travel | $365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,913 |
| All other expenses | $1,749 |
| Total functional expenses | $60,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,592 |
| Savings and temporary cash investments | $37,765 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $114,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $720,956 |
| Total assets | $1,078,950 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,078,950 |
| Total liabilities and net assets/fund balances | $1,078,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Railway Historical Society Old Dominion Chapter has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |