Kentucky Railway Museum Inc
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- New Haven, KY
- Founding
- 10/1957
- Data as of
- 12/2022
- EIN
- 61-6031095
Organization Overview
Kentucky Railway Museum Inc is located in New Haven, KY. The organization was established in 1957. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Kentucky Railway Museum Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky 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, Kentucky Railway Museum Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 19.3% 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
EDUCATE THE PUBLIC ON HISTORY AND HERITAGE OF KENTUCKY'S RAILROADS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM DEDICATED TO THE EXHIBITION AND RESTORATION OF RAILROAD MEMORABILIA VISITED BY SEVERAL THOUSAND CHILDREN AND OTHERS
ANTIQUE EXCURSION TRAINS AND RESTORATION OF HISTORIC RAILROAD CARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Matthews President | Officer | 40 | $66,401 |
Ray Temple Vice Preside | Officer | 5 | $0 |
Kim Maupin Secretary | Officer | 40 | $44,700 |
Toby Asher Director | Trustee | 5 | $0 |
Tommy Turner Director | Trustee | 5 | $0 |
Jeri Burks Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,780 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $937,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,061 |
| Total Program Service Revenue | $660,980 |
| Investment income | $6,069 |
| 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 | $1,801,640 |
| 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. | $111,101 |
| Compensation of current officers, directors, key employees. | $83,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,928 |
| Payroll taxes | $16,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,692 |
| 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 | $1,265,454 |
| Advertising and promotion | $39,926 |
| Office expenses | $9,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,079 |
| Travel | $3,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $45,238 |
| All other expenses | $0 |
| Total functional expenses | $1,698,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,792 |
| Savings and temporary cash investments | $565,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,738 |
| Prepaid expenses and deferred charges | $11,494 |
| Net Land, buildings, and equipment | $920,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,903,045 |
| Accounts payable and accrued expenses | $32,321 |
| 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 | $237,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $270,009 |
| Net assets without donor restrictions | $0 |
| 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 | $212,495 |
| Retained earnings, endowment, accumulated income, or other funds | $1,420,541 |
| Total liabilities and net assets/fund balances | $1,903,045 |