B & O Railroad Museum
- Assets
- $29.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 52
- Location
- Baltimore, MD
- Founding
- 10/1987
- Data as of
- 06/2021
- EIN
- 52-1535426
Organization Overview
B & O Railroad Museum is located in Baltimore, MD. The organization was established in 1987. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, B & O Railroad Museum employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B & O Railroad Museum 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 06/2021, B & O Railroad Museum generated $4.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. 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
TO PRESERVE THE PHYSICAL LEGACY AND THE EXPERIENCE OF AMERICAN RAILROADING AND TO DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE BY COLLECTING, PRESERVING, AND INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS OF HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, AND TOURS OF OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION AND RAILROAD CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF PROGRAMS WHICH BROADEN AND DEEPEN THE PUBLIC APPRECIATION OF THE SIGNIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE BY COLLECTING, PRESERVING, AND INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS OF HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, AND TOURS OF OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION AND RAILROAD CULTURE.
TO OPERATE AND MAINTAIN A STABLE FOR HORSES AND THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Hoellen Executive Director | Officer | 40 | $235,474 |
Joanne Woolley Chief Development Officer | 40 | $122,378 | |
Jonathan Goldman Chief Curator | 40 | $122,059 | |
Gregory A Farno Treasurer | OfficerTrustee | 5 | $0 |
Suzzanne W Decker Corporate Secretary | OfficerTrustee | 5 | $0 |
Francis X Smyth Chairman | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yerkes Construction Inc Construction | 6/29/15 | $352,780 |
Thomas Licensing Co Hit Entertainment Train Entertainment | 6/29/15 | $233,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $132,457 |
| Fundraising events | $202,139 |
| Related organizations | $0 |
| Government grants | $1,212,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,396,302 |
| Noncash contributions included in lines 1a–1f | $32,093 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,943,723 |
| Total Program Service Revenue | $584,744 |
| Investment income | $151,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,621 |
| Net Rental Income | $61,169 |
| Net Gain/Loss on Asset Sales | $381,461 |
| Net Income from Fundraising Events | $1,032 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $223,487 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,473,800 |
| 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. | $235,474 |
| Compensation of current officers, directors, key employees. | $47,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,461,522 |
| Pension plan accruals and contributions | $21,734 |
| Other employee benefits | $141,755 |
| Payroll taxes | $116,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,333 |
| Fees for services: Lobbying | $42,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,685 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,925 |
| Office expenses | $73,773 |
| Information technology | $155,267 |
| Royalties | $0 |
| Occupancy | $357,955 |
| Travel | $11,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $475,126 |
| Insurance | $121,191 |
| All other expenses | $133,652 |
| Total functional expenses | $3,864,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,926 |
| Savings and temporary cash investments | $949,930 |
| Pledges and grants receivable | $946,623 |
| Accounts receivable, net | $83,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,970 |
| Prepaid expenses and deferred charges | $62,572 |
| Net Land, buildings, and equipment | $14,864,404 |
| Investments—publicly traded securities | $11,963,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,197 |
| Other assets | $0 |
| Total assets | $29,274,881 |
| Accounts payable and accrued expenses | $263,081 |
| Grants payable | $0 |
| Deferred revenue | $62,925 |
| 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 | $0 |
| Other liabilities | $2,199,631 |
| Total liabilities | $2,525,637 |
| Net assets without donor restrictions | $26,117,096 |
| Net assets with donor restrictions | $632,148 |
| 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 | $29,274,881 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that B & O Railroad Museum has recieved totaling $135,793.
| Awarding Organization | Amount |
|---|---|
Thomas B & Elizabeth M Sheridan Foundation Inc Hunt Valley, MD PURPOSE: RESTORATION OF LOCOMOTIVE | $60,000 |
W H & Althea F Remmel Foundation Pittsburgh, PA PURPOSE: MODEL TRAIN GALLERY | $20,000 |
Strebor Family Foundation Arnold, MD PURPOSE: TO PRESERVE THE PHYSICAL LEGACY AND EXPERIENCE OF AMERICAN RAILROADING; INTERPRET AND PRESENT ITS HISTORY TO THE WIDEST POSSIBLE AUDIENCE; AND DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGNIFICANCE OF THE RAILROAD INDUSTRY. | $20,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $12,500 |
Watkins Family Charitable Foundation Richmond, VA PURPOSE: UNRESTRICTED | $10,000 |
Baltimore Heritage Area Association Inc Baltimore, MD PURPOSE: TO BENEFIT PROGRAMS, ORGANIZATIONS, AND HISTORIC SITES WITHIN THE BALTIMORE NATIONAL HERITAGE AREA | $7,500 |
Endowment Analysis
| Beg. Balance | $10,414,832 |
| Earnings | $2,435,542 |
| Other Expense | $886,375 |
| Ending Balance | $11,963,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gettysburg Foundation Gettysburg, PA | $96,770,268 | $15,954,577 |
National Constitution Center Philadelphia, PA | $153,929,623 | $18,487,505 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Museum Of The American Revolution Philadelphia, PA | $136,106,228 | $14,346,373 |
Eleutherian Mills-Hagley Foundation Inc Wilmington, DE | $219,223,690 | $13,522,481 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |