National Railroad Museum Inc
- Assets
- $10.9m
- Revenue
- $3.8m
- Investments
- $179.0k
- Employees
- 29
- Location
- Green Bay, WI
- Founding
- 11/1958
- Data as of
- 12/2021
- EIN
- 39-6031429
Organization Overview
National Railroad Museum Inc is located in Green Bay, WI. The organization was established in 1958. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Railroad Museum Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National 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 12/2021, National Railroad Museum Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 2.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL RAILROAD MUSEUM, INC. FOSTERS AN UNDERSTANDING OF RAILROADING AND ITS SIGNIFICANCE TO AMERICAN LIFE. WE PURSUE THIS MISSION BY FOLLOWING ESTABLISHED MUSEUM PRACTICES, PROVIDING ONGOING PROGRAMS FOR ON-AND-OFF CAMPUS VISITORS, STRATEGICALLY COLLECTING ARTIFACTS, OFFERING INTERESTING AND ENGAGING EXHIBITS, AND INTERPRETING RAILROAD RELATED TOPICS.
Describe the Organization's Program Activity:
THE ORGANIZATION OPERATES A HISTORICAL RAILROAD MUSEUM. IN ADDITION, IT RAISES FUNDS FOR THE PROCUREMENT OF RAILROAD ARTIFACTS AND FOR OPERATION AND DEVELOPMENT OF THE MUSEUM FOR PUBLIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Frank Executive Di | OfficerTrustee | 40 | $82,318 |
Justin Kudick Treasurer | OfficerTrustee | 1 | $0 |
John Bellin Secretary | OfficerTrustee | 2 | $0 |
David J Ward President | OfficerTrustee | 5 | $0 |
Chuck Timmerman Vice-Preside | OfficerTrustee | 1 | $0 |
Ryan Krumrie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,163 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $718,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,033,492 |
| Noncash contributions included in lines 1a–1f | $1,399,389 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,807,570 |
| Total Program Service Revenue | $583,731 |
| Investment income | $15,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,030 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $321,024 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,836,753 |
| 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. | $82,318 |
| Compensation of current officers, directors, key employees. | $16,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,230 |
| Pension plan accruals and contributions | $11,288 |
| Other employee benefits | $103,132 |
| Payroll taxes | $52,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214 |
| Advertising and promotion | $18,893 |
| Office expenses | $37,189 |
| Information technology | $11,153 |
| Royalties | $0 |
| Occupancy | $71,585 |
| Travel | $14,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,983 |
| Insurance | $47,163 |
| All other expenses | $32,199 |
| Total functional expenses | $1,586,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,068 |
| Accounts receivable, net | $4,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,060 |
| Prepaid expenses and deferred charges | $60,421 |
| Net Land, buildings, and equipment | $5,736,457 |
| Investments—publicly traded securities | $1,746,004 |
| Investments—other securities | $178,969 |
| Investments—program-related | $0 |
| Intangible assets | $1,466,579 |
| Other assets | $208,592 |
| Total assets | $10,947,980 |
| Accounts payable and accrued expenses | $260,497 |
| Grants payable | $0 |
| Deferred revenue | $81,078 |
| 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 | $1,069,299 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,267 |
| Total liabilities | $1,433,141 |
| Net assets without donor restrictions | $8,483,835 |
| Net assets with donor restrictions | $1,031,004 |
| 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 | $10,947,980 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that National Railroad Museum Inc has recieved totaling $133,003.
| Awarding Organization | Amount |
|---|---|
Commander Wallace Pbuerschinger Green Bay, WI PURPOSE: RAIL CAR RESTORATION AND DISPLAYS | $87,060 |
Paul O And Carol H Gehl Family Foundation Inc Hilbert, WI PURPOSE: PROGRAM SUPPORT | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,350 |
Edward L Fitzgerald Foundation Trust Green Bay, WI PURPOSE: PROGRAM SUPPORT | $6,801 |
Bernard E And Alyce G Dahlin Foundation Inc Green Bay, WI PURPOSE: GENERAL PROGRAMS AND SERVICES | $5,000 |
Primun Bonum Inc De Pere, WI PURPOSE: COMMUNITY | $3,500 |
Endowment Analysis
| Beg. Balance | $9,134 |
| Earnings | $1,049 |
| Admin Expense | $200 |
| Ending Balance | $9,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |