Colorado Toy Train Foundation
- Assets
- $613.9k
- Revenue
- $67.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-1484249
Organization Overview
Colorado Toy Train Foundation is located in Denver, CO. The organization was established in 2018. According to its NTEE Classification (A51) the organization is classified as: Art 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. Colorado Toy Train Foundation 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 12/2023, Colorado Toy Train Foundation generated $67.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $70.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COLORADO TOY TRAIN FOUNDATION IS DEDICATED TO POVIDING AN EDUCATIONAL EXPERIENCE TO THE PUBLIC, ENCOMPASSING THE HISTORY AND OPERATION OF TOY AND MODEL TRAINS WHILE PROMOTING THE HOBBY OF TRAIN COLLECTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT IS THE MISSION OF THE FOUNDATION TO DOCUMENT THE EVOLUTION AND COLORFUL HISTORY OF TOY TRAIN MANUFACTURING AND MARKETING. THE FOUNDATION WILL BOTH DISPLAY AND ACTIVELY OPERATE A WIDE VARIETY OF TOY AND MODEL TRAINS IN VARIOUS GAUGES AND SCALES FOR THE ENJOYMENT AND ENLIGHENMENT OF THE GENERAL PUBLIC. THE FOUNDATION WILL ALSO PROVIDE EDUCATION TO THE PUBLIC REGARDING COLLECTING AND OPERATION TOY TRAINS THROUGH PERIODIC SEMINARS AND DEMONSTRATIONS. THE FOUNDATION WILL ALSO TEACH MODEL TRAIN RAILROADING BASIC SKILLS INCLUDING DESIGN OF TRAIN LAYOUTS, CONSTRUCTION OF MODEL RAILROAD BENCHWORK, ELECTRICAL WIRING TECHNIQUES, CREATION OF WITH A SPECIAL EMPHASIS ON YOUTHFUL ENTHUSIASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cullen President | Officer | 30 | $0 |
Jerry Owen Vice President | Officer | 10 | $0 |
John Busch Secretary | Officer | 11 | $0 |
Shawn Duffy Treasurer | Officer | 10 | $0 |
Mark Layman Member | Trustee | 3 | $0 |
Ken Cook Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,630 |
| Total Program Service Revenue | $0 |
| Investment income | $566 |
| 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 | $60,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,722 |
| 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 | $1,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125 |
| Office expenses | $9,158 |
| Information technology | $659 |
| Royalties | $0 |
| Occupancy | $18,680 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,213 |
| Interest | $13,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,365 |
| Insurance | $3,086 |
| All other expenses | $1,485 |
| Total functional expenses | $70,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,855 |
| Savings and temporary cash investments | $45,537 |
| 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 | $15,078 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $483,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,944 |
| Accounts payable and accrued expenses | $61 |
| 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 | $343,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $343,727 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $270,217 |
| Total liabilities and net assets/fund balances | $613,944 |