Kentucky Railway Museum Inc
- Assets
- $1.9m
- Revenue
- $813.6k
- Investments
- $0.0
- Employees
- 8
- Location
- New Haven, KY
- Founding
- 10/1957
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Kentucky Railway Museum Inc generated $813.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $617.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
2021
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 |
Kim Maupin Secretary | Officer | 40 | $42,777 |
Ray Temple Vice Preside | Officer | 5 | $0 |
Toby Asher Director | Trustee | 5 | $0 |
Maison Young Director | Trustee | 5 | $0 |
Tommy Turner Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,326 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,033 |
| Total Program Service Revenue | $669,408 |
| Investment income | $180 |
| 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 | $813,593 |
| 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. | $109,178 |
| Compensation of current officers, directors, key employees. | $81,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,920 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,223 |
| Payroll taxes | $15,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,514 |
| 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 | $237,901 |
| Advertising and promotion | $25,636 |
| Office expenses | $6,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,171 |
| Travel | $2,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,586 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,026 |
| All other expenses | $0 |
| Total functional expenses | $617,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,403 |
| Savings and temporary cash investments | $537,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,226 |
| Prepaid expenses and deferred charges | $7,856 |
| 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 | $1,853,287 |
| Accounts payable and accrued expenses | $41,616 |
| 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 | $282,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $323,789 |
| 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 | $1,317,003 |
| Total liabilities and net assets/fund balances | $1,853,287 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Railway Museum Inc has recieved totaling $261.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |