Center For Transportation & Commerce
- Assets
- $5.8m
- Revenue
- $488.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Galveston, TX
- Founding
- 04/1982
- Data as of
- 12/2020
- EIN
- 76-0011483
Organization Overview
Center For Transportation & Commerce is located in Galveston, TX. The organization was established in 1982. 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. Center For Transportation & Commerce 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 12/2020, Center For Transportation & Commerce generated $488.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF MUSEUM OF TRANSPORTATION WITH EMPHASIS ON RAILROAD TRANSPORTATION AND ARTIFACTS, INCLUDING ROLLING STOCK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN, IMPROVE & PROMOTE MUSEUM (CENTER FOR TRANSPORTATION AND COMMERCE WITH MEMORABILIA & EXHIBITS DEPICTING THE EVOLUTION OF TRANSPORTATION IN THE GALVESTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Robertson Executive Director | OfficerTrustee | 40 | $70,376 |
Dr John Bertini Chairman | OfficerTrustee | 4 | $0 |
Doug Poole Vice-Chairman | OfficerTrustee | 4 | $0 |
Kenneth Zimmern Treasurer | OfficerTrustee | 4 | $0 |
Dr Don Harper Secretary | OfficerTrustee | 4 | $0 |
Ramiro Barba Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,670 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,387 |
| Total Program Service Revenue | $174,887 |
| Investment income | $10,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,538 |
| Net Gain/Loss on Asset Sales | $65,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,336 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,576 |
| 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. | $63,846 |
| Compensation of current officers, directors, key employees. | $6,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,373 |
| Advertising and promotion | $68,640 |
| Office expenses | $14,294 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,120 |
| Insurance | $68,047 |
| All other expenses | $130,123 |
| Total functional expenses | $1,242,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,200 |
| 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 | $0 |
| Inventories for sale or use | $25,758 |
| Prepaid expenses and deferred charges | $22,319 |
| Net Land, buildings, and equipment | $3,606,753 |
| Investments—publicly traded securities | $369,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,413,891 |
| Total assets | $5,789,882 |
| Accounts payable and accrued expenses | $6,612 |
| 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 | $69,300 |
| Other liabilities | $119,569 |
| Total liabilities | $195,481 |
| Net assets without donor restrictions | -$369,407 |
| Net assets with donor restrictions | $5,963,808 |
| 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 | $5,789,882 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Center For Transportation & Commerce has recieved totaling $210,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $200,000 |
Dr Leon Bromberg Charitable Tr Galveston, TX PURPOSE: GRANT-PROGRAM SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $376,626 |
| Ending Balance | $376,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |