American Passenger Train History Museum Inc
- Assets
- $692.6k
- Revenue
- $88.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Charles City, IA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 83-0998791
Organization Overview
American Passenger Train History Museum Inc is located in Charles City, IA. The organization was established in 2018. According to its NTEE Classification (A54) the organization is classified as: History 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. American Passenger Train History 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 12/2022, American Passenger Train History Museum Inc generated $88.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $6.5k 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
OUR PRIMARY PURPOSE IS TO EDUCATE THE PUBLIC ON THE ROLE AND HISTORY OF THE PASSENGER TRAIN IN AMERICA. OUR ORGANIZATION IS IN THE COLLECTING AND BUILDING PHASE OF IT'S DEVELOPMENT. WE ARE ACQUIRING PASSENGER TRAIN CARS FOR DISPLAY (DINERS, COACHES, SLEEPERS). IN 2021 WE ACQUIRED AND MOVED A LARGE TRAIN DEPOT TO OUR MUSEUM SITE. THE MAIN FOCUS AND ACHIEVEMENT THIS YEAR WAS TO FINISH LANDSCAPING AND INSTALL STEPS TO EACH OF THE BUILDING ENTRANCES. WE ALSO BEGAN THE FUNDRAISING EFFORT FOR RENOVATING THE BUILDING WITH NEW ELECTRICAL, HVAC, PLUMBING SYSTEMS AND RESTORING IT TO BEING A FUNCTIONAL BUILDING. WE WILL CONTINUE THE FUNDRAISING EFFORT THIS YEAR. WE ALSO WERE ABLE TO ACQUIRE A RARE CALIFORNIA ZEPHYR TRAIN DOME LOUNGE CAR FOR FUTURE DISPLAY. WE ARE NOT YET OPEN TO THE PUBLIC AND DO NOT EXPECT TO BE FOR SEVERAL YEARS AS WE WORK ON RESTORING THE DEPOT AND THE TRAINS THAT WILL BE ON DISPLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE NOT YET OPEN TO THE PUBLIC AND DO NOT EXPECT TO BE FOR SEVERAL YEARS. THERE ARE NO PROGRAM SERVICES AT THIS TIME. OUR ORGANIZATION IS IN THE COLLECTING AND BUILDING PHASE OF ITS DEVELOPMENT. WE ARE ACQUIRING PASSENGER TRAIN CARS FOR DISPLAY (DINERS, COACHES, SLEEPERS). THE MAIN FOCUS AND ACHIEVEMENT FOR THE YEAR WAS TO ACQUIRE AND MOVE A LARGE BRICK DEPOT SIX BLOCKS TO OUR LOCATION. THIS WILL FORM THE ENTRANCE TO THE FUTURE MUSEUM. NOW THAT WE HAVE MOVED THE DEPOT (IN OCTOBER, 2021) WE WILL BE FUNDRAISING TO RENOVATE THE BUILDING AND MAKE IT USABLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Moen President | OfficerTrustee | 15 | $0 |
Brian W Nelson Vice President | OfficerTrustee | 2 | $0 |
Christopher D Krebill Secretary And Director | OfficerTrustee | 8 | $0 |
Justin L Nelson Treasurer And Director | OfficerTrustee | 8 | $0 |
Kurt P Haubrich Director | Trustee | 2 | $0 |
Cody Ritter Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,534 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,938 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $88,944 |
| 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 | $1,600 |
| Fees for services: Accounting | $82 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66 |
| Information technology | $144 |
| 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 | $354 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,787 |
| All other expenses | $473 |
| Total functional expenses | $6,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,960 |
| Savings and temporary cash investments | $1,917 |
| 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 | $0 |
| Net Land, buildings, and equipment | $670,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $692,579 |
| 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 | $15,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,000 |
| 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 | $677,579 |
| Total liabilities and net assets/fund balances | $692,579 |