Bay Area Electric Railway Association
- Assets
- $16.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Suisun City, CA
- Founding
- 06/1965
- Data as of
- 09/2023
- EIN
- 94-6115373
Organization Overview
Bay Area Electric Railway Association is located in Suisun City, CA. The organization was established in 1965. 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 09/2023, Bay Area Electric Railway Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Electric Railway Association 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 09/2023, Bay Area Electric Railway Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 2.9% 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
THE MISSION OF THE BAY AREA ELECTRIC RAILROAD ASSOCIATION IS TO PRESERVE THE REGIONAL HERITAGE OF ELECTRIC RAILWAY TRANSPORTATION AS A LIVING RESOURCE FOR THE BENEFIT OF PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES THE WESTERN RAILWAY MUSEUM IN SOLANO COUNTY. DURING FYE 09/30/23, THE ORGANIZATION PROVIDED DIRECT ACCESS TO HISTORICAL AND EDUCATIONAL EXPERIENCES TO ROUGHLY 25,000 PEOPLE; NEARLY HALF OF WHOM ARE UNDER THE AGE OF 16. THE MAIN FORMS OF INTERPRETATION ARE RIDES ON RESTORED HISTORIC RAIL VEHICLES OVER THE FORMER SACRAMENTO NORTHERN RIGHT-OF-WAY, AND DOCENT-LED TOURS OF THE COLLECTION. IN ADDITION, RESEARCH AND ARTIFACT COLLECTION IN OUR TEMPERATURE AND HUMIDITY-CONTROLLED ARCHIVES IS ONGOING, AS IS RESTORATION AND CONSERVATION WORK ON THE COLLECTION OF 100 HISTORIC RAIL VEHICLES. MAJOR ACCOMPLISHMENTS FOR FYE 09/30/23 INCLUDE ONGOING PARTIAL RESTORATION TO KEY SYSTEM # 271, OUR ASSOCIATION'S MOTHER CAR. THE ORGANIZATION CONTINUED ITS PRESENTATION OF THE ANNUAL SPRING WILDFLOWER TRAINS AND THE AUTUMN PUMPKIN PATCH FESTIVAL. WE HOSTED THE 6TH YEAR FOR OUR HOLIDAY SANTA TRAINS. WORK IS ONGOING FOR TWO MAJOR CONSTRUCTION PROJECTS - THE EXPANSION OF OUR ARCHIVES, AND CONSTRUCTION OF A 4TH CAR HOUSE TO PROTECT HISTORIC RAIL VEHICLES FROM THE ELEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Swearingen Vice Chair | OfficerTrustee | 2 | $0 |
Mike Altmann Board Member | Trustee | 2 | $0 |
Joel Cox Board Member | Trustee | 5 | $0 |
Robert Simon Board Member | Trustee | 2 | $0 |
Greg Ockander Board Member | Trustee | 2 | $0 |
Alex Mahshi Board Chair - Thru 04/2023 | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,035 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $860,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,720 |
| Total Program Service Revenue | $308,537 |
| Investment income | $189,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,416 |
| Net Gain/Loss on Asset Sales | $34,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $55,710 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,560,898 |
| 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 | $285,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,771 |
| Advertising and promotion | $47,756 |
| Office expenses | $19,463 |
| Information technology | $0 |
| 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 | $116,483 |
| Insurance | $50,543 |
| All other expenses | $7,503 |
| Total functional expenses | $1,163,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,788 |
| Savings and temporary cash investments | $267,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,088 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,841 |
| Prepaid expenses and deferred charges | $6,302 |
| Net Land, buildings, and equipment | $3,869,153 |
| Investments—publicly traded securities | $9,996,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,909,602 |
| Total assets | $16,322,562 |
| Accounts payable and accrued expenses | $103,976 |
| 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 | $0 |
| Total liabilities | $103,976 |
| Net assets without donor restrictions | $7,804,141 |
| Net assets with donor restrictions | $8,414,445 |
| 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 | $16,322,562 |