Angels Flight Railway Foundation
- Assets
- $78.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 95-4519076
Organization Overview
Angels Flight Railway Foundation is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angels Flight Railway Foundation 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, Angels Flight Railway Foundation generated $10.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (65.4%) each year. All expenses for the organization totaled $27.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ANGELS FLIGHT RAILWAY, WITH ITS RESTORED 1906 AND 1908 BUILDINGS, IS A WORKING MUSEUM THAT REOPENED IN 1996. HISTORIC ARTIFACTS NOT RE-USED IN THE RAILWAY RESTORATION WILL BE DISPLAYED IN A GALLERY FACILITY. ALSO TO BE DISPLAYED WILL BE ARTWORK AND OTHER EDUCATION MATERIALS RELATED TO THE HISTORY OF THE RAILWAY AND EARLY LOS ANGELES. AFTER SIGNIFICANT RESTORATION WORK PERFORMED IN 2007-2009, AND WITH THE ASSISTANCE OF GRANTS FROM THE FOUNDATION, THE RAILWAY RECOMMENCED DAILY PUBLIC SERVICE IN MARCH, 2010. FOLLOWING A PERIOD OF RESTORATION AND NON-OPERATION COMMENCING IN SEPTEMBER, 2013, THE RAILWAY AGAIN BEGAN PUBLIC SERVICE OPERATIONS ON AUGUST 31, 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adele Yellin Director/chair | 2 | $0 | |
Hal Bastian President | 4 | $0 | |
Nyal W Leslie Vp/cfo/secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,160 |
| Occupancy, rent, utilities, and maintenance | $2,302 |
| Printing, publications, postage, and shipping | $241 |
| Other expenses | $798 |
| Total expenses | $27,501 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,758 |
| Other assets | $0 |
| Total assets | $78,246 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,246 |