North Carolina Railway Museum Inc
- Assets
- $439.8k
- Revenue
- $357.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New Hill, NC
- Founding
- 03/1966
- Data as of
- 12/2022
- EIN
- 56-6073399
Organization Overview
North Carolina Railway Museum Inc is located in New Hill, NC. The organization was established in 1966. 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. North Carolina Railway Museum 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 12/2022, North Carolina Railway Museum Inc generated $357.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $358.6k during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES A HISTORICAL EDUCATIONAL MUSEUM AND PROVIDES RIDES ON ANTIQUE EQUIPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPAIR OF RAILROAD TRACK, REPAIR OF DIESEL ENGINES, REPAIR OF CARS, REPAIR OF CABOOSES, REPAIR OF BUILDINGS, ADVERTISING TO ATTRACT VISITORS, INSURANCE, AND WE ATTRACTED 18,196 VISITORS.
REBUILDING OUR 80 YEAR OLD STEAM ENGINE
CONTINUED TO IMPROVE / UPGRADE HISTORIC 1884 FREIGHT DEPOT WITH THE FOLLOWING: INSTALLED WIRING TO PROVIDE LIGHTING AND A FEW 110 VOLT OUTLETS. PAINTED OFFICE AS WELL AS SANDED AND FINISHED OFFICE FLOOR.
RELOCATE AND IMPROVE 10 HISTORIC RAILROAD CARS THAT WERE LOCATED IN SHEARON HARRIS NUCLEAR POWER PLANT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Tilley President | OfficerTrustee | 6 | $0 |
John Morck Vice-President | OfficerTrustee | 2 | $0 |
Roger Koss Board Member | Trustee | 2 | $0 |
Mike Maclean Board Member | Trustee | 4 | $0 |
Jim Jatko Board Member | Trustee | 7 | $0 |
Joe Mills Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,460 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,121 |
| Total Program Service Revenue | $266,634 |
| Investment income | $86 |
| 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 | $6,249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,090 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,167 |
| Office expenses | $100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,980 |
| Insurance | $17,645 |
| All other expenses | $0 |
| Total functional expenses | $358,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,862 |
| Savings and temporary cash investments | $165,220 |
| 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 | $4,183 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $81,890 |
| Investments—publicly traded securities | $6,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $439,847 |
| 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 | $73,539 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,539 |
| Net assets without donor restrictions | $366,308 |
| 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 | $439,847 |