Tennessee Valley Railroad Museum Inc
- Assets
- $17.0m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 190
- Location
- Chattanooga, TN
- Founding
- 02/1963
- Data as of
- 12/2023
- EIN
- 62-0676701
Organization Overview
Tennessee Valley Railroad Museum Inc is located in Chattanooga, TN. The organization was established in 1963. 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 12/2023, Tennessee Valley Railroad Museum Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Valley 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, Tennessee Valley Railroad Museum Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE RAILROAD HERITAGE AND TO INCREASE THE PUBLIC'S AWARENESS OF THE HISTORICAL SIGNIFICANCE OF RAILROADS IN THE TENNESSEE VALLEY.
Describe the Organization's Program Activity:
MUSEUM OPERATIONS - GENERAL OPERATION OF A RAILROAD MUSEUM, INCLUDING EXHIBITS, TRAIN EXCURSIONS, RESTORATION OF RAILROAD EQUIPMENT, ETC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Andrews President | OfficerTrustee | 15 | $0 |
Andy Hendee Director | Trustee | 4 | $0 |
Betsy Mccall Director | Trustee | 4 | $0 |
Susan Harris Director | Trustee | 4 | $0 |
William Schafer Director | Trustee | 4 | $0 |
G Mark Ray Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hamilton County Railroad Authority Use Fee For Railroad | 12/30/23 | $255,032 |
Jat Oil & Supply Inc Fuel | 12/30/23 | $232,047 |
Thomas Licensing Llc Licensing | 12/30/23 | $202,062 |
Miller & Martin Pllc Business Attorney | 12/30/23 | $114,776 |
Sweetwater Valley Oil Co Fuel | 12/30/23 | $100,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,890 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $860,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,933 |
| Total Program Service Revenue | $5,284,283 |
| Investment income | $706,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $740,105 |
| Net Gain/Loss on Asset Sales | -$114,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $305,159 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,318,568 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,191 |
| Payroll taxes | $450,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $204,070 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $244,071 |
| Office expenses | $156,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,715 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $182,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $708,130 |
| Insurance | $303,568 |
| All other expenses | $316,493 |
| Total functional expenses | $8,094,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,113,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,958 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,930,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,959,479 |
| Total assets | $16,989,801 |
| Accounts payable and accrued expenses | $644,133 |
| Grants payable | $0 |
| Deferred revenue | $413,311 |
| 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 | $4,077,656 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,581,442 |
| Total liabilities | $6,716,542 |
| Net assets without donor restrictions | $10,273,259 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,989,801 |