Pacific Locomotive Association Inc
- Assets
- $6.9m
- Revenue
- $1.8m
- Investments
- $4.1m
- Employees
- 0
- Location
- Sunol, CA
- Founding
- 10/1966
- Data as of
- 06/2022
- EIN
- 94-6130878
Organization Overview
Pacific Locomotive Association Inc is located in Sunol, CA. The organization was established in 1966. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, 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. Pacific Locomotive Association 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 06/2022, Pacific Locomotive Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $900.8k during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO PRESERVE THE PHYSICAL ASPECTS AND ATMOSPHERE OF PACIFIC COAST RAILROADING DURING THE PERIOD FROM 1910 TO 1960. OUR MISSION IS TO DEVELOP AND OPERATE A WORKING RAILROAD MUSEUM FOR THE BENEFIT OF THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC LOCOMOTIVE ASSOCIATION'S NILES CANYON RAILWAY PROVIDES HISTORIC TRAIN RIDE EXPERIENCES TO THE PUBLIC YEAR ROUND FROM THE 1880'S DEPOT IN SUNOL AND FROM NILES STATION IN FREMONT, CALIFORNIA. THE PACIFIC LOCOMOTIVE ASSOCIATION, INC. OPERATES THE NILES CANYON RAILWAY AS A LIVING HISTORY MUSEUM INTERPRETING THE IMPORTANCE OF OUR HERITAGE RAILROADS IN THE DEVELOPMENT OF CALIFORNIA AND THE NATION.THE MUSEUM IS DESIGNED TO INCREASE PUBLIC EDUCATION, ENJOYMENT, AND APPRECIATION OF THE SIGNIFICANCE OF AMERICAS WESTERN RAILROADS BY:* OPERATING HISTORIC RAILROAD EQUIPMENT USING STANDARD RAILROAD PRACTICES FOR TRAIN CREWS, SIGNALING, BLOCK OPERATIONS, AND EQUIPMENT MAINTENANCE.
* PRESERVING THE ATMOSPHERE OF RAILROADS IN SMALL-TOWN AMERICA BEFORE THE 1960S BY CONNECTING THE HISTORIC COMMUNITIES OF SUNOL, THE NILES DISTRICT OF FREMONT, AND EVENTUALLY PLEASANTON.* PROVIDING EDUCATIONAL PROGRAMS FOR SCHOOLS, CIVIC ORGANIZATIONS, AND COMMUNITY EVENTS.* INSTRUCTING THE PUBLIC IN RAILROAD HISTORY, TRADITION, AND THE EVOLUTION OF RAIL TRANSPORTATION TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Baum President | OfficerTrustee | 15 | $0 |
Michael Strider Vice President | OfficerTrustee | 10 | $0 |
Patrick Stratton Treasurer | OfficerTrustee | 25 | $0 |
Jim Evans Rec Secretary | OfficerTrustee | 10 | $0 |
Richard Alexander Mem Secretary | OfficerTrustee | 25 | $0 |
Steven Barkkarie General Mgr | Trustee | 25 | $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 | $228,764 |
| Noncash contributions included in lines 1a–1f | $11,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,764 |
| Total Program Service Revenue | $1,095,238 |
| Investment income | $368,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $43,971 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,765,772 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,539 |
| Fees for services: Other | $140,761 |
| Advertising and promotion | $0 |
| Office expenses | $13,128 |
| 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 | $625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,850 |
| Insurance | $42,245 |
| All other expenses | $42,433 |
| Total functional expenses | $900,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,377 |
| Prepaid expenses and deferred charges | $16,664 |
| Net Land, buildings, and equipment | $596,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,090,199 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,130,881 |
| Total assets | $6,910,573 |
| Accounts payable and accrued expenses | $7,451 |
| Grants payable | $0 |
| Deferred revenue | $1,080 |
| 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 | $1,349 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,880 |
| Net assets without donor restrictions | $6,837,283 |
| Net assets with donor restrictions | $63,410 |
| 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 | $6,910,573 |