Headwaters Junction Inc
- Assets
- $861.7k
- Revenue
- $205.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-3860902
Organization Overview
Headwaters Junction Inc is located in Fort Wayne, IN. The organization was established in 2017. 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. Headwaters Junction 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, Headwaters Junction Inc generated $205.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $44.2k during the year ending 12/2022. 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
TO ESTABLISH A VIBRANT AND VITAL NATIONAL DESTINATION IN DOWNTOWN FORT WAYNE UTILIZING WORLD-RENOWN ATTRACTIONS AND AUTHENTIC CULTURAL ASSETS UNIQUE TO THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 WAS A TREMENDOUS YEAR FOR PUFFERBELLY JUNCTION. BOTH THE HISTORIC CRAIGVILLE DEPOT AND THE REPURPOSED CLUB CAR WERE RELOCATED FROM CASAD DEPOT TO DOWNTOWN RIVERFRONT IN FORT WAYNE. THE FUND-RAISING BUDGET AND CONSTRUCTION BUDGET ESTABLISHED THREE YEARS AGO WERE MET PERFECTLY AND BOTH THE DEPOT AND CLUB CAR ARE GREAT EXAMPLES OF MEETING OUR MISSION OF PRESERVING AND RESTORING RAILROAD HERITAGE. THE CORPORATE NAME WAS CHANGED FROM HEADWATERS JUNCTION TO PUFFERBELLY JUNCTION TO BETTER DESCRIBE OUR PHASE II MISSION OF CREATING TROLLEY CARS TO TRAVEL ALONG THE PUFFERBELLY TRAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Steininger President | OfficerTrustee | 15 | $0 |
Al Moll Treasurer | OfficerTrustee | 1 | $0 |
Rick Samek Secretary | OfficerTrustee | 1 | $0 |
Kevin Vail Director | Trustee | 1 | $0 |
Jack Daniel Director | Trustee | 1 | $0 |
Craig Berndt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,025 |
| Total Program Service Revenue | $900 |
| Investment income | $0 |
| 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 | $205,925 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,030 |
| Office expenses | $324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,480 |
| 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 | $20,184 |
| Insurance | $5,149 |
| All other expenses | $3,015 |
| Total functional expenses | $44,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,914 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $893 |
| Net Land, buildings, and equipment | $853,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $861,665 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $861,665 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $861,665 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Headwaters Junction Inc has recieved totaling $195,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN PURPOSE: CHARITABLE SUPPORT | $50,000 |
Edward D And Ione Auer Foundation Fort Wayne, IN PURPOSE: PROGRAM SUPPORT | $50,000 |
English-Bonter-Mitchell Foundation Pittsburgh, PA PURPOSE: HEADWATERS PHASE ONE | $35,000 |
Aws Foundation Inc Fort Wayne, IN PURPOSE: CAPITAL | $25,000 |
Edward M Wilson Family Foundation Pittsburgh, PA PURPOSE: PHASE ONE PROJECT | $20,000 |
Journal-Gazette Foundation Inc Fort Wayne, IN PURPOSE: CAPITAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Illinois Railway Museum Union, IL | $16,575,964 | $2,964,518 |
American Jazz Museum Kansas City, MO | $1,292,332 | $1,809,014 |