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 12/2021, Colorado Railroad Museum employed 18 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 12/2021, Colorado Railroad Museum generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
2021
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 REPRESENTS RAILROADING HISTORY IN A HANDS-ON AND THREE-DIMENSIONAL FASHION BY PRESERVING AND MAKING ACCESSIBLE IMPORTANT HISTORIC ARTIFACTS, ARTWORK AND DOCUMENTS, AND BY OFFERING OUTSTANDING EDUCATIONAL PROGRAMS TO THE COMMUNITY. THE MUSEUM HAS SYSTEMATICALLY ACQUIRED A COLLECTION OF OVER 100 PIECES OF RAILROAD STOCK, INCLUDING RAIL CARS AND LOCOMOTIVES 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 TEN PAID ATTRACTIONS BY VISIT DENVER.THE COLORADO RAILROAD MUSEUM HAS A ROBUST RESTORATION PROGRAM. THE IMPORTANCE OF RESTORATION AND MAINTENANCE OF HISTORIC ROLLING STOCK CANNOT BE OVERSTATED. BY ENSURING THAT OUR VISITORS ARE ABLE TO VIEW AND SOMETIMES RIDE PAINSTAKINGLY RESTORED HISTORIC RAILROAD ARTIFACTS, WE ARE ABLE TO BRING HISTORY TO LIFE AND TO INSPIRE OUR GUESTS TO LEARN MORE ABOUT A TRANSFORMATIONAL PERIOD IN THE HISTORY OF OUR STATE AND OUR COUNTRY. TOUR HOSTS ADDRESS THE WAYS IN WHICH RAILROADS CONTRIBUTED TO THE DYNAMIC ECONOMIC, SOCIAL, AND AGRICULTURAL CHANGES IN THE AMERICAN WEST, AND HELPED TRANSFORM COLORADO.IN 2021, THE MUSEUM'S RESTORATION PROGRAM FOCUSED ON THE COMPLETION OF MAJOR RUNNING GEAR REPAIRS TO DENVER & RIO GRANDE WESTERN STEAM LOCOMOTIVE NO. 491 (VINTAGE 1928). THIS LOCOMOTIVE TODAY IS RECOGNIZED AS COLORADO'S LARGEST OPERATING COAL-FIRED STEAM LOCOMOTIVE. ANOTHER MAJOR PROJECT WAS THE REBUILDING OF END PLATFORMS FOR TWO WOOD RAILROAD COACHES (VINTAGE 1881).
STARTING IN NOVEMBER OF 2014 AND THROUGH THE WINTER HOLIDAY SEASON EACH YEAR, THE STORY OF "THE POLAR EXPRESS" IS RE-CREATED SO VISITORS CAN BE IMMERSED IN THE SIGHTS, SOUNDS AND INTRIGUE OF THE CLASSIC CHILDREN'S TALE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Hammond Executive Director | Officer | 40 | $90,000 |
James Smith Vp Thru 321 President (from 4/21) | OfficerTrustee | 2 | $0 |
David Hensarling President (thru 3/21)/trustee | OfficerTrustee | 2 | $0 |
Tom Richardson Secretary | OfficerTrustee | 2 | $0 |
Michael Maglieri Treausrer | OfficerTrustee | 2 | $0 |
Michael Davis Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,442,272 |
All other contributions, gifts, grants, and similar amounts not included above | $350,471 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,792,743 |
Total Program Service Revenue | $1,727,467 |
Investment income | $140,840 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $18,500 |
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 | $93,501 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,773,051 |
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. | $98,602 |
Compensation of current officers, directors, key employees. | $19,721 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $642,558 |
Pension plan accruals and contributions | $3,065 |
Other employee benefits | $81,558 |
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 | $72,734 |
Advertising and promotion | $13,766 |
Office expenses | $67,360 |
Information technology | $87,084 |
Royalties | $0 |
Occupancy | $98,416 |
Travel | $2,961 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $600 |
Interest | $5,054 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $164,219 |
Insurance | $59,270 |
All other expenses | $76,666 |
Total functional expenses | $2,249,552 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $2,898,733 |
Pledges and grants receivable | $117,499 |
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 | $128,460 |
Prepaid expenses and deferred charges | $50,000 |
Net Land, buildings, and equipment | $1,900,664 |
Investments—publicly traded securities | $5,974,274 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $11,069,630 |
Accounts payable and accrued expenses | $421,142 |
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 | $13,182 |
Unsecured mortgages and notes payable | $169,936 |
Other liabilities | $0 |
Total liabilities | $604,260 |
Net assets without donor restrictions | $9,761,770 |
Net assets with donor restrictions | $703,600 |
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 | $11,069,630 |
Over the last fiscal year, we have identified 4 grants that Colorado Railroad Historical Foundation Inc has recieved totaling $37,220.
Awarding Organization | Amount |
---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $16,750 |
Scl Health - Front Range Inc Broomfield, CO PURPOSE: PROGRAM SUPPORT | $7,500 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,470 |
Beg. Balance | $4,685,158 |
Earnings | $615,608 |
Net Contributions | $48,126 |
Ending Balance | $5,348,892 |
Organization Name | Assets | Revenue |
---|---|---|
Buffalo Bill Memorial Association Cody, WY | $124,253,883 | $15,385,137 |
United States Olympic Museum Colorado Springs, CO | $105,893,156 | $12,173,227 |
Orrin G Hatch Foundation Salt Lake City, UT | $20,026,805 | $2,966,920 |
This Is The Place Foundation Salt Lake City, UT | $18,452,437 | $7,731,994 |
Museum Of Northern Arizona Inc Flagstaff, AZ | $21,755,182 | $7,019,493 |
Colorado Railroad Historical Foundation Inc Golden, CO | $11,069,630 | $3,773,051 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |
Boot Hill Museum Inc Dodge City, KS | $8,102,967 | $1,858,264 |
Steamboat Springs Chamber Steamboat Springs, CO | $1,219,063 | $1,684,300 |
Museum Of The Great Plains Authority Lawton, OK | $7,377,490 | $986,332 |
Museum Of Western Colorado Grand Junction, CO | $5,482,954 | $1,916,272 |