Florida Railway Heritage Museum
- Assets
- $88.9k
- Revenue
- $478.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Dora, FL
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-3508634
Organization Overview
Florida Railway Heritage Museum is located in Mount Dora, FL. The organization was established in 2019. 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. Florida Railway Heritage Museum 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, Florida Railway Heritage Museum generated $478.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $493.5k 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
TO PRESERVE AND EXHIBIT HISTORIC MATERIALS OF RAILWAY TRANSPORTATION, TO COLLECT DATA ON THE HISTORY OF TRANSPORTATION AND TO ISSUE PUBLICATIONS RELATING TO THIS SUBJECT, AND TO ENCOURAGE RAIL TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CALENDAR YEAR 2022, THE MUSEUM WAS ABLE TO REPLACE THE COMPRESSOR IN THE HISTORIC F-UNIT LOCOMOTIVE AND ACQUIRE DIFFICULT TO OBTAIN PARTS FOR THE GP-40 LOCOMOTIVE. THE FEDERAL RAILROAD ADMINISTRATION REQUIRES PERIODIC BRAKE INSPECTIONS ON THE RAIL CARS KNOWN AS COT&S, THE MUSEUM WAS ABLE TO COMPLETE A MANDATORY COT&S ON THE SILVER TUREEN DINING CAR. WORK COMMENCED ON THE PHYSICAL MUSEUM AT KINGSLAND STATION LOCATED AT 440 S. LEE ST. THE GOAL OF OPENING THE MUSEUM BY OCTOBER 1ST APPEARS ACHIEVABLE. THE MUSEUM WILL HIGHLIGHT THE IMPORTANT HISTORY OF THE RAIL LINES IN SOUTHERN GEORGIA AND NORTHERN FLORIDA. THE ST. MARYS LINE, ON WHICH THE TRAIN OPERATES, IS THE OLDEST, PRIVATELY OWNED SHORTLINE RAILROAD IN THE U.S. THE MUSEUM WAS ABLE TO HOST SEVERAL CHARTER TRAINS CONSISTING OF LOCAL PUBLIC AND PRIVATE SCHOOLS FOR THE PURPOSE OF EDUCATING THE STUDENTS ON RAIL HISTORY. THESE CHARTER PROGRAMS ARE AN IMPORTANT OUTREACH OF THE MUSEUM AND WILL INCREASE IN FREQUENCY OVER THE NEXT COUPLE OF YEARS. THE MUSEUM BOARD OF DIRECTORS MEETS MONTHLY TO DETERMINE WHICH PROJECTS IT INTENDS TO FUND THROUGHOUT THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Sikora Director | Trustee | 2 | $8,547 |
Paul Pleasant Director | Trustee | 2 | $7,563 |
Ben Butterworth Director | Trustee | 2 | $0 |
Brian Young Director | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $457,095 |
| 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 | $21,166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,261 |
| 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 | $47,432 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,954 |
| Advertising and promotion | $17,463 |
| Office expenses | $6,440 |
| Information technology | $40,449 |
| 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 | $75 |
| Insurance | $17,441 |
| All other expenses | $101,482 |
| Total functional expenses | $493,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,951 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,876 |
| 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 | $11,918 |
| Total liabilities | $11,918 |
| Net assets without donor restrictions | $76,958 |
| 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 | $88,876 |