Virginia Railroad Association Inc
- Assets
- $48.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dillwyn, VA
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 54-1610145
Organization Overview
Virginia Railroad Association Inc is located in Dillwyn, VA. The organization was established in 1993. 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. Virginia Railroad Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Virginia Railroad Association Inc generated $69.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $62.7k during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE INFORMATION TO MEMBERS REGARDING STATE ACTIVITIES RELATED TO FREIGHT RAILROADS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Canon Moss President | 4 | $0 | |
Joe Arbona Secretary | 2 | $0 | |
Steven C Powell Treasurer | 2 | $0 | |
Lance Arey Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $53,028 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,489 |
| Other Revenue | $0 |
| Total Revenue | $69,817 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49,380 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,340 |
| Total expenses | $62,720 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,293 |
| Other assets | $0 |
| Total assets | $48,293 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,293 |
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 |