South Carolina Railroad Museum Inc
- Assets
- $761.2k
- Revenue
- $300.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 06/1981
- Data as of
- 12/2022
- EIN
- 57-0830457
Organization Overview
South Carolina Railroad Museum Inc is located in Columbia, SC. The organization was established in 1981. According to its NTEE Classification (A50) the organization is classified as: 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. South Carolina Railroad 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, South Carolina Railroad Museum Inc generated $300.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $206.2k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 4 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
COLLECT AND PRESERVE HISTORICAL DATA, MATERIALS AND EQUIPMENT PERTAINING TO RAILROADS, ESPECIALLY THOSE IN SC; ORGANIZE, MAINTAIN AND SUPPORT AN OPERATING RAIL TRANSPORTATION MUSEUM, EDUCATE THE PUBLIC, ESPECIALLY CHILDREN, ABOUT THE HERITAGE OF RAILROADS AND THE LOCAL GRANITE INDUSTRY. WE ARE THE ONLY RAILROAD MUSEUM IN SC THAT ACTUALLY OPERATES TRAINS AND OFFERS TRAIN RIDES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN RIDES: OFFERED TRAIN RIDES TO ENTERTAIN AND EDUCATE THE PUBLIC, ESPECIALLY CHILDREN, ABOUT TRAIN TRAVEL AND RAILROADS. IN NORMAL YEARS WE CARRY OVER 9,000 RIDERS USING DIESEL POWERED TRAINS OVER OUR FIVE MILES OF RESTORED TRACK. WE ARE THE ONLY OPERATING TOURIST RAILROAD IN SOUTH CAROLINA, AND EXCEPT FOR INCONVENIENT AMTRAK SERVICE, THE ONLY OPPORTUNITY FOR THE PUBLIC TO RIDE A REAL TRAIN ANYWHERE IN THE STATE.
MUSEUM: WE MAINTAIN A COLLECTION OF ROLLING STOCK, VINTAGE RAILROAD EQUIPMENT AND DIESEL LOCOMOTIVES, GALLERY DISPLAYS AND STATIC RAILROAD CARS THAT THE PUBLIC CAN ENTER AND EXAMINE. OUR GOAL IS TO EDUCATE VISITORS ABOUT RAILROADING, RAIL TRAVEL AND LOCAL HISTORY RELATED TO THE FORMER GRANITE QUARRYING AND PROCESSING INDUSTRY THAT HAD BEEN LOCATED ALONG THE RAILROAD LINE, AND HAD BEEN THE REASON FOR THE ORIGINAL ESTABLISHMENT OF THIS RAIL LINE. WE ALSO MAINTAIN A GIFT SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvin Woods Chairman, Board Of Trustees | OfficerTrustee | 10 | $0 |
Ron Jarosz Trustee | Trustee | 1 | $0 |
Joe Palma Trustee | Trustee | 2 | $0 |
Dave Lewis Trustee | Trustee | 2 | $0 |
Shannon Edwards Trustee | Trustee | 1 | $0 |
Henry Nechemias Trustee And Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,186 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,319 |
| Total Program Service Revenue | $152,747 |
| Investment income | $34 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,100 |
| 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 | $16,143 |
| Fees for services: Legal | $20,980 |
| Fees for services: Accounting | $41 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,467 |
| Advertising and promotion | $3,149 |
| Office expenses | $16,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,576 |
| Insurance | $12,853 |
| All other expenses | $0 |
| Total functional expenses | $206,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,820 |
| Savings and temporary cash investments | $0 |
| 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 | $81,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $358,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $761,199 |
| 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 | $81,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $81,600 |
| Net assets without donor restrictions | $679,599 |
| 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 | $761,199 |