West Florida Railroad Museum Inc
- Assets
- $52.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milton, FL
- Founding
- 11/1985
- Data as of
- 12/2023
- EIN
- 59-2561024
Organization Overview
West Florida Railroad Museum Inc is located in Milton, FL. The organization was established in 1985. According to its NTEE Classification (A50) the organization is classified as: 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. West 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 12/2023, West Florida Railroad Museum Inc generated $28.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $25.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 3 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
DAILY TOURS TO VISITORS AND PRIVATE TOURS FOR LOCAL SCHOOL CLASSES TO EDUCATE PEOPLE ABOUT RAILROAD HISTORY IN THE AREA. RAISED FUNDS AND BEGAN WORK TO PRESERVE AND RESTORE THE RAILCARS AND BUILDINGS SO THEY WILL BE AROUND FOR MANY YEARS FOR THE PUBLIC TO VISIT AND EXPERIENCE THE HISTORY RESPONSIBLE FOR THE CULTURE IN OUR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Wilson President | 25 | $0 | |
Wesley Meiss Vice-President | 10 | $0 | |
Nicole Castille Secretary | 10 | $0 | |
Peggy Humbert Treasurer | 25 | $0 | |
Bob Cole Director At Large | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,769 |
| Total Program Service Revenue | $0 |
| Membership dues | $832 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,425 |
| 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 | $3,041 |
| Occupancy, rent, utilities, and maintenance | $17,282 |
| Printing, publications, postage, and shipping | $574 |
| Other expenses | $4,102 |
| Total expenses | $24,999 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,390 |
| Other assets | $0 |
| Total assets | $52,322 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,322 |