Lake Superior Railroad Museum Foundation
- Assets
- $349.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 06/2014
- Data as of
- 03/2023
- EIN
- 46-2772524
Organization Overview
Lake Superior Railroad Museum Foundation is located in Duluth, MN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Superior Railroad Museum 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 03/2023, Lake Superior Railroad Museum Foundation generated $32.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $16.4k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Vanstrom Vice Preside | 1 | $0 | |
Jim Bender President | 1 | $0 | |
Richard Peterson Vice Preside | 1 | $0 | |
Tom Cannon Secretary | 1 | $0 | |
Ed Robinson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,673 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,575 |
| Gain or Loss | -$3,435 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,813 |
| 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 | $2,188 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,215 |
| Total expenses | $16,403 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $349,210 |
| Other assets | $0 |
| Total assets | $349,210 |
| Total liabilities | $0 |
| Net assets or fund balances | $349,210 |