The West Virginia Railroad Museum Inc
- Assets
- $456.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elkins, WV
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 30-0138462
Organization Overview
The West Virginia Railroad Museum Inc is located in Elkins, WV. The organization was established in 2003. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. West Virginia Railroad Museum 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 12/2022, West Virginia Railroad Museum Inc generated $31.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $28.7k 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
RAILROAD EDUCATION TO MEMBERS, PUBLIC AND STUDENTS THROUGH PHOTO AND MEMORABILIA COLLECTING, WEBSITE, NEWSLETTER "THE GANDY DANCER", PUBLIC MEETINGS, OPEN MONTHLY MEETINGS, HOUSE CLASSIC RAILROAD CAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Hayes President | 5 | $0 | |
Bryan Totten Vice President | 5 | $0 | |
James L Schoonover Treasurer | 3 | $0 | |
Edward Greisel Secretary | 10 | $0 | |
John C Sanford Director | 2 | $0 | |
Robert Kearns Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,085 |
| Total Program Service Revenue | $14,886 |
| Membership dues | $9,777 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $658 |
| Other Revenue | $0 |
| Total Revenue | $31,296 |
| 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 | $4,300 |
| Occupancy, rent, utilities, and maintenance | $15,676 |
| Printing, publications, postage, and shipping | $3,992 |
| Other expenses | $4,687 |
| Total expenses | $28,655 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,796 |
| Other assets | $0 |
| Total assets | $456,835 |
| Total liabilities | $15,832 |
| Net assets or fund balances | $441,003 |