Chesapeake And Ohio Historical Society Inc is located in Clifton Forge, VA. The organization was established in 1977. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Chesapeake And Ohio Historical Society Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake And Ohio Historical Society Inc 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, Chesapeake And Ohio Historical Society Inc generated $458.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $552.1k during the year ending 12/2023. 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
TO COLLECT, PRESERVE AND INTERPRET IN PERPETUITY THE CONTINUING HISTORY OF THE CHESAPEAKE & OHIO RAILWAY, ITS PREDECESSORS AND SUCCESSORS. TO SHARE THE HISTORY BY DISSEMINATING IT, OR OTHERWISE MAKING IT ACCESSIBLE TO THE SOCIETY'S MEMBERSHIP AND ALL OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE C&O RAILWAY HERITAGE CENTER, A RAILWAY HERITAGE MUSEUM AND AN EDUCATIONAL AND INTERPRETIVE VISITOR'S CENTER THAT TELLS THE STORY OF THE C&O RAILWAY. THE CENTER MAINTAINS WHAT IS BELIEVED TO BE ONE OF THE LARGEST COLLECTIONS PERTAINING TO THE TECHNOLOGICAL DEVELOPMENT OF A SINGLE RAILROAD INSTITUTIONALLY HELD IN THE UNITED STATES. PUBLICATION OF A PERIODIC MAGAZINE DEVOTED TO HISTORICAL AND CURRENT INFORMATION ON THE C&O RAILWAY. SALES OF C&O BRANDED RETAIL PRODUCTS THROUGH A SMALL WALK-IN GIFT SHOP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Totten President | OfficerTrustee | 2 | $0 |
Clifford Clements Vice President | OfficerTrustee | 2 | $0 |
Kerry Worsham Treasuer | OfficerTrustee | 2 | $0 |
William F Michie III Secretary | OfficerTrustee | 2 | $0 |
John C Watson Chairman | OfficerTrustee | 2 | $0 |
E Sterling Hangar Jr Vice Chairman | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $108,972 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,000 |
All other contributions, gifts, grants, and similar amounts not included above | $83,113 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $197,085 |
Total Program Service Revenue | $0 |
Investment income | $1,047 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $8,358 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $249,092 |
Miscellaneous Revenue | $0 |
Total Revenue | $458,305 |
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 | $222,974 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $133 |
Fees for services: Accounting | $2,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,566 |
Advertising and promotion | $12,742 |
Office expenses | $13,167 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $92,476 |
Travel | $11,003 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $17,703 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $29,455 |
Insurance | $12,607 |
All other expenses | $20,855 |
Total functional expenses | $552,111 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $59,571 |
Savings and temporary cash investments | $219,626 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $25,419 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $247,687 |
Prepaid expenses and deferred charges | $5,665 |
Net Land, buildings, and equipment | $743,816 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,306,527 |
Total assets | $4,608,311 |
Accounts payable and accrued expenses | $11,698 |
Grants payable | $0 |
Deferred revenue | $7,456 |
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 | $268,317 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $287,471 |
Net assets without donor restrictions | $4,266,916 |
Net assets with donor restrictions | $53,924 |
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 | $4,608,311 |