Museum Of The American Railroad
- Assets
- $5.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Frisco, TX
- Founding
- 12/1963
- Data as of
- 12/2021
- EIN
- 75-6036999
Organization Overview
Museum Of The American Railroad is located in Frisco, TX. The organization was established in 1963. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of The American Railroad employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of The American Railroad 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, Museum Of The American Railroad generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $619.8k during the year ending 12/2021. While expenses have increased by 10.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF HISTORIC RAILROAD MUSEUM AND PRESENTATION OF EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE MUSEUM OF THE AMERICAN RAILROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Laprelle Trustee/ceo | OfficerTrustee | 50 | $80,000 |
Kellie Murphy COO | Officer | 40 | $62,500 |
John Garbutt Director Of Programs & Services | Officer | 40 | $40,000 |
William Blaylock Chair | OfficerTrustee | 8 | $0 |
William Gibson Vice Chair | OfficerTrustee | 6 | $0 |
Carmen Ramirez Secretary | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,001,926 |
| Noncash contributions included in lines 1a–1f | $31,453 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,401,554 |
| Total Program Service Revenue | $421,438 |
| Investment income | $219 |
| 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 | $71,760 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,894,971 |
| 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. | $142,500 |
| Compensation of current officers, directors, key employees. | $15,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,915 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,504 |
| Payroll taxes | $15,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,540 |
| Advertising and promotion | $14,512 |
| Office expenses | $2,991 |
| Information technology | $0 |
| Royalties | $95,551 |
| Occupancy | $9,408 |
| Travel | $1,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,903 |
| Insurance | $7,757 |
| All other expenses | $0 |
| Total functional expenses | $619,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $322,000 |
| 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 | $5,884 |
| Prepaid expenses and deferred charges | $6,264 |
| Net Land, buildings, and equipment | $3,977,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,171,260 |
| Accounts payable and accrued expenses | $85,682 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,682 |
| Net assets without donor restrictions | $4,771,327 |
| Net assets with donor restrictions | $314,251 |
| 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 | $5,171,260 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Museum Of The American Railroad has recieved totaling $357,208.
| Awarding Organization | Amount |
|---|---|
Ralph B Rogers Foundation Dallas, TX PURPOSE: CAPITAL FOR CONSTRUCTION OF EXHIBIT TRACKS TO EXPAND HISTORIC COLLECTION DISPLAY SPACE | $308,216 |
Summerlee Foundation Dallas, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $8,926 |
Wilson Sexton Foundation Prosper, TX PURPOSE: OPERATION OF HISTORIC RAILROAD MUSEUM AND PRESENTATION OF EDUCATIONAL PROGRAMS. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
Cherokee National Historical Society Inc Tahlequah, OK | $2,426,107 | $954,302 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Tulsa Historical Society Tulsa, OK | $8,618,832 | $802,922 |