Colorado Railroad Historical Foundation Inc, operating under the name Colorado Railroad Museum, is located in Golden, CO. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Colorado Railroad Museum employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Railroad 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 12/2023, Colorado Railroad Museum generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
ACQUIRE, PRESERVE, AND EXHIBIT LOCOMOTIVES, CARS, ARTIFACTS AND RECORDS PERTAINING TO CO RAILROADS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM EXISTS TO SHARE COLORADO'S RICH RAILROAD HERITAGE WITH THE WIDEST POSSIBLE AUDIENCE IN A HANDS-ON AND THREE-DIMENSIONAL FASHION BY PRESERVING AND MAKING ACCESSIBLE IMPORTANT HISTORIC ARTIFACTS, ARTWORK AND DOCUMENTS, AND BY OFFERING OUTSTANDING INTERPRETIVE AND EDUCATIONAL PROGRAMS TO THE COMMUNITY. THE MUSEUM HAS SYSTEMATICALLY ACQUIRED A COLLECTION OF OVER 100 HISTORIC RAILROAD LOCOMOTIVES, PASSENGER AND FREIGHT CARS DATING FROM 1879 TO THE PRESENT, AND ALSO MANAGES ONE OF THE LARGEST ARCHIVES OF RAILROAD PRINT, PHOTOGRAPHIC AND RESEARCH MATERIALS IN THE UNITED STATES. IT IS DEDICATED TO SHARING COLORADO'S RICH RAILROAD HISTORY THROUGH THE USE OF BOTH SMALL AND LARGE ARTIFACTS, ALONG WITH ARCHIVAL MATERIALS ASSOCIATED WITH RAILROADING IN COLORADO AND THE ROCKY MOUNTAIN REGION. THE MUSEUM'S RESEARCH LIBRARY IS THE SECOND LARGEST OF ITS KIND, AND LIBRARY VOLUNTEERS ARE RECOGNIZED FOR THEIR IN-DEPTH KNOWLEDGE OF WESTERN RAILROADS AND THEIR LINES. AUTHORS OF ALL GENRES MAY BE FOUND RESEARCHING TIMETABLES, PAYROLL RECORDS AND PHOTOGRAPHS FOR THEIR PROJECTS. THE MUSEUM LIBRARY IS ALSO HOME TO AN EXTENSIVE COLLECTION OF RAILROAD RELATED ART, SOME OF IT PAINTED BY WORLD-FAMOUS ARTISTS, AND DONATED TO THE MUSEUM BY DEDICATED COLLECTORS. THIS COLLECTION IS SOMETIMES LOANED TO OTHER INSTITUTIONS IN COLLABORATIVE EFFORTS. SINCE 1961 THE MUSEUM HAS PUBLISHED OVER 50 SCHOLARLY BOOKS AND PAMPHLETS ON THE RAILROADS OF COLORADO AND THE WEST THAT ARE INTERNATIONALLY RECOGNIZED BY HISTORIANS. THE COLORADO RAILROAD MUSEUM HAS BEEN RANKED AMONG THE TOP 25 DENVER AREA ATTRACTIONS BY DENVER BUSINESS JOURNAL AND AS ONE OF THE TOP 10 PAID ATTRACTIONS BY VISIT DENVER.THE COLORADO RAILROAD MUSEUM CONTINUES TO FOCUS ON CONSERVATION AND RESTORATION OF ITS FULL-SIZE RAIL VEHICLE COLLECTION. THE IMPORTANCE OF RESTORATION AND MAINTENANCE OF HISTORIC ROLLING STOCK CANNOT BE OVERSTATED. BY ENSURING THAT VISITORS ARE ABLE TO VIEW AND SOMETIMES RIDE PAINSTAKINGLY RESTORED RAILROAD ARTIFACTS, WE ARE ABLE TO BRING HISTORY TO LIFE AND TO INSPIRE OUR GUESTS TO LEARN MORE ABOUT HOW RAILROADS HAVE TRANSFORMED OUR STATE, THE NATION, AND THE ENTIRE WORLD. TOUR HOSTS ADDRESS THE WAYS IN WHICH RAILROADS CONTRIBUTED TO THE DYNAMIC ECONOMIC, SOCIAL, AND AGRICULTURAL CHANGES IN THE AMERICAN WEST, AND HELPED CREATE MODERN-DAY COLORADO.
STARTING IN NOVEMBER OF 2014 AND RUNNING FOR ALMOST TWO MONTHS EACH WINTER HOLIDAY SEASON, THE STORY OF "THE POLAR EXPRESS" IS RE-CREATED. THIS THEATRICAL PRODUCTION BLENDS TOGETHER ACTORS, STAGE PRODUCTIONS, DRAMATIC ENTRANCES, AND QUIET MOMENTS OF REFLECTION AS GUESTS ARE IMMERSED IN THE SIGHTS, SOUNDS AND INTRIGUE OF THIS CLASSIC CHILDREN'S TALE. AND OF COURSE, THE ENTIRE PRODUCTION IS THEMED AROUND A MAGICAL TRAIN RIDE, HELPING TO CONNECT COLORADO'S RICH RAILROAD HERITAGE WITH THE BROADER INFLUENCES OF AMERICAN POPULAR CULTURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Smith President | OfficerTrustee | 0.5 | $0 |
Katy Ziegler Vice President | OfficerTrustee | 0.5 | $0 |
Tom Richardson Secretary | OfficerTrustee | 0.5 | $0 |
Michael Maglieri Treasurer | OfficerTrustee | 0.5 | $0 |
Doug Junda Trustee | Trustee | 0.5 | $0 |
Jeff Lillo Trustee | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $474,875 |
All other contributions, gifts, grants, and similar amounts not included above | $364,141 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $839,016 |
Total Program Service Revenue | $2,367,896 |
Investment income | $193,279 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $17,200 |
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 | $124,702 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,542,093 |
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. | $126,783 |
Compensation of current officers, directors, key employees. | $25,357 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $850,670 |
Pension plan accruals and contributions | $2,756 |
Other employee benefits | $77,475 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $199,627 |
Advertising and promotion | $25,703 |
Office expenses | $141,593 |
Information technology | $134,300 |
Royalties | $0 |
Occupancy | $148,024 |
Travel | $11,177 |
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 | $188,869 |
Insurance | $78,294 |
All other expenses | $99,664 |
Total functional expenses | $3,395,532 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,847,985 |
Pledges and grants receivable | $130,436 |
Accounts receivable, net | $10,668 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $111,819 |
Prepaid expenses and deferred charges | $10,000 |
Net Land, buildings, and equipment | $2,413,672 |
Investments—publicly traded securities | $6,217,746 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $12,742,326 |
Accounts payable and accrued expenses | $620,685 |
Grants payable | $0 |
Deferred revenue | $86,987 |
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 | $707,672 |
Net assets without donor restrictions | $10,744,003 |
Net assets with donor restrictions | $1,290,651 |
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 | $12,742,326 |