Railroad Heritage Society
- Assets
- $380.1k
- Revenue
- $123.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Orrville, OH
- Founding
- 12/1980
- Data as of
- 12/2021
- EIN
- 34-1319120
Organization Overview
Railroad Heritage Society is located in Orrville, OH. The organization was established in 1980. 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. Railroad Heritage Society 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, Railroad Heritage Society generated $123.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $120.5k 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
ENGAGE IN THE OPERATION OF DEPOT AND RAIL EQUIPMENT DEDICATED TO THE PRESERVATION AND REVITALIZATION OF THE CITY'S HISTORICAL, ARCHITECTURAL AND CULTURAL RESOURCES REGARDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGE IN THE OPERATION OF DEPOT AND RAIL EQUIPMENT DEDICATED TO THE PRESERVATION AND REVITALIZATION OF THE CITY'S HISTORICAL, ARCHITECHTURAL AND CULTURAL RESOURCES REGARDING RAILROADS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Green Treasurer | Officer | 2 | $0 |
Joe Brendel Secretary | Officer | 2 | $0 |
Richard Williams Trustee | Trustee | 2 | $0 |
Anna Davidson CEO | Trustee | 2 | $0 |
Adrian Askew Trustee | Trustee | 2 | $0 |
William Engel Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644 |
| Total Program Service Revenue | $27,233 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,132 |
| 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 | $2,785 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,564 |
| Office expenses | $2,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,943 |
| Insurance | $9,297 |
| All other expenses | $0 |
| Total functional expenses | $120,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,929 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $256,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $380,050 |
| Accounts payable and accrued expenses | $114 |
| 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 | $1,370 |
| Other liabilities | $0 |
| Total liabilities | $1,484 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $378,566 |
| Total liabilities and net assets/fund balances | $380,050 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Railroad Heritage Society has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Wayne County Community Foundation Wooster, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Edison Institute Inc Dearborn, MI | $598,342,638 | $88,893,387 |
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Holocaust Memorial Center Farmington Hills, MI | $46,637,236 | $21,925,651 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
Motown Historical Museum Inc Detroit, MI | $36,344,932 | $14,838,936 |