Florida Railroad Museum Inc
- Assets
- $3.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Parrish, FL
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 59-2261446
Organization Overview
Florida Railroad Museum Inc is located in Parrish, FL. The organization was established in 1983. 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 06/2022, Florida Railroad Museum Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida 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 06/2022, Florida Railroad Museum Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 5.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND PRESERVE HISTORICAL RAILROAD EQUIPMENT WITH EMPHASIS ON TRAIN EXCURSIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Miley Event Coordinator Director | OfficerTrustee | 40 | $98,698 |
Warren Langer Vice President | OfficerTrustee | 8 | $0 |
Richard Young Treasurer | OfficerTrustee | 20 | $0 |
Stanley Kotas President | OfficerTrustee | 28 | $0 |
Paul Chapman Secretary | OfficerTrustee | 30 | $0 |
John Halas Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,945 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $749,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,073 |
| Total Program Service Revenue | $1,684,117 |
| Investment income | $888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| 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 | $65,543 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,530,621 |
| 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. | $98,698 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,459 |
| Office expenses | $44,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,484 |
| Insurance | $86,526 |
| All other expenses | $0 |
| Total functional expenses | $1,519,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,044 |
| Savings and temporary cash investments | $420,696 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,191,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,860,915 |
| Accounts payable and accrued expenses | $40,096 |
| 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 | $1,118,162 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,158,258 |
| 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 | $2,702,657 |
| Total liabilities and net assets/fund balances | $3,860,915 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Railroad Museum Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Ruth Rogers Hoyt Foundation Inc Atlanta, GA PURPOSE: RAILROAD HISTORY PRESERVATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Henry Morrison Flagler Museum Palm Beach, FL | $63,121,691 | $4,765,672 |
Historical Association Of Southern Florida Inc Miami, FL | $4,170,200 | $3,833,962 |
Florida Holocaust Museum Inc St Petersburg, FL | $6,471,703 | $3,220,795 |
St Augustine Lighthouse & Maritime Museum Inc Saint Augustine, FL | $6,521,175 | $4,691,684 |
Burritt Museum Association Inc Huntsville, AL | $1,905,996 | $2,510,115 |
Loxahatchee River Historical Society Inc Jupiter, FL | $984,899 | $1,767,468 |
Florida Railroad Museum Inc Parrish, FL | $3,860,915 | $2,530,621 |
Mel Fisher Maritime Heritage Society Inc Key West, FL | $4,717,253 | $1,050,052 |
Friends Of The Strand Inc Marietta, GA | $4,885,519 | $1,911,052 |
Railway Tie Association Fayetteville, GA | $1,038,255 | $920,896 |
Holocaust Museum & Education Center Of Swfl Naples, FL | $5,230,619 | $1,358,570 |