North Carolina Transportation Museum Foundation
- Assets
- $11.5m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 55
- Location
- Spencer, NC
- Founding
- 02/1978
- Data as of
- 06/2022
- EIN
- 58-1315178
Organization Overview
North Carolina Transportation Museum Foundation is located in Spencer, NC. The organization was established in 1978. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, North Carolina Transportation Museum Foundation employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Transportation Museum Foundation 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 06/2022, North Carolina Transportation Museum Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND INTERPRET THE HISTORY OF TRANSPORTATION IN NORTH CAROLINA AND PRESENT THIS HISTORY IN A MANNER THAT ALLOWS VISITORS TO ENJOY THEIR EXPERIENCE AS WELL AS LEARN FROM IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS AND EVENTS (TRAIN EXCURSIONS, DAY OUT WITH THOMAS, POLAR EXPRESS, AT THE THROTTLE, BOY SCOUTS RAIL CAMP, FIRE TRUCK FESTIVAL, CLASSIC CAR SHOWS, ETC.) ARE HELD DURING THE YEAR TO PROMOTE AND EDUCATE THE PUBLIC OF TRANSPORTATION AND PROVIDE RIDING EXPERIENCES
RAILROAD OPERATIONS - OPPORTUNITIES FOR VISITORS TO EXPERIENCE TRANSPORTATION VIA RAIL RIDES AND ROLLING STOCK EXHIBITS
GIFT STATION - PRESENTING THEMED ITEMS THAT CONTRIBUTED TO THE HISTORY OF TRANSPORATION AND/OR CURRENT TRANSPORTATION RELATED MATTERS
HISTORIC BUIDLINGS & EXHIBITS - RESTORED AND MAINTAINED HISTORIC BUILDINGS AND EXHIBITS ON THE MUSUEM SITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Neubacher Admin Direct | OfficerTrustee | 40 | $82,386 |
Kelly Alexander Executive Di | OfficerTrustee | 40 | $17,569 |
Roy Johnson President | OfficerTrustee | 0 | $0 |
Jim Wrinn Vice Preside | OfficerTrustee | 0 | $0 |
Lane Baker Vice Preside | OfficerTrustee | 0 | $0 |
Jim Bland Vice Preside | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,360,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,274 |
| Noncash contributions included in lines 1a–1f | $297,170 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,703,323 |
| Total Program Service Revenue | $4,906,296 |
| Investment income | $7,276 |
| 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 | $7,616,895 |
| 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. | $99,955 |
| Compensation of current officers, directors, key employees. | $86,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,787 |
| Pension plan accruals and contributions | $2,253 |
| Other employee benefits | $0 |
| Payroll taxes | $23,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $37,045 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $525,527 |
| Advertising and promotion | $168,702 |
| Office expenses | $31,516 |
| Information technology | $6,487 |
| Royalties | $787,002 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,802 |
| Interest | $5,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,498 |
| Insurance | $99,766 |
| All other expenses | $635,455 |
| Total functional expenses | $5,136,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,113,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $271,400 |
| Prepaid expenses and deferred charges | $36,341 |
| Net Land, buildings, and equipment | $742,457 |
| Investments—publicly traded securities | $28,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,214,852 |
| Total assets | $11,455,078 |
| Accounts payable and accrued expenses | $300,910 |
| Grants payable | $0 |
| Deferred revenue | $568,923 |
| 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 | $181,827 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,051,660 |
| Net assets without donor restrictions | $8,622,867 |
| Net assets with donor restrictions | $1,780,551 |
| 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 | $11,455,078 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that North Carolina Transportation Museum Foundation has recieved totaling $14,142.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $8,300 |
Margaret C Woodson Foundation Incorporated Charlotte, NC PURPOSE: CREATE/DEVELOP A SERIES OF VIRTUAL EDUCATIONAL PROGRAMMING. | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,060 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
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 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |
National Womens History Museum Alexandria, VA | $1,422,250 | $2,958,832 |