Tennessee Valley Railroad Museum Inc
- Assets
- $14.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 168
- Location
- Chattanooga, TN
- Founding
- 02/1963
- Data as of
- 12/2020
- 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 12/2020, Tennessee Valley Railroad Museum Inc employed 168 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 12/2020, Tennessee Valley Railroad Museum Inc generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. 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
2020
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:
Part 3 - Line 4a
MUSEUM OPERATIONS - GENERAL OPERATION OF A RAILROAD MUSEUM, INCLUDING EXHIBITS, TRAIN EXCURSIONS, RESTORATION OF RAILROAD EQUIPMENT, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L James Miller III Vice President/secretary | OfficerTrustee | 3 | $0 |
Tim Andrews President | OfficerTrustee | 15 | $0 |
Andy Hendee Director | Trustee | 4 | $0 |
Alan Maples Director | Trustee | 4 | $0 |
Mark Ray Director | Trustee | 4 | $0 |
Betsey Mccall Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller & Martin Pllc Attonry | 12/30/20 | $146,321 |
Hamilton County Railroad Authority Use Fee For Railroad | 12/30/20 | $230,478 |
Jat Oil & Supply Inc Fuel | 12/30/20 | $134,894 |
Tennessee Overhill Heritage Association Rent | 12/30/20 | $127,018 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,286,726 |
| Investment income | $419,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $871,745 |
| 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 | $81,312 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,452,372 |
| Statement of Expenses | |
|---|---|
| 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. | $21,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $688,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $523,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227,085 |
| 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 | $217,558 |
| Office expenses | $164,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763,031 |
| Insurance | $158,079 |
| All other expenses | $0 |
| Total functional expenses | $4,769,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,117,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,033 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,559,344 |
| Total assets | $14,724,108 |
| Accounts payable and accrued expenses | $601,547 |
| Grants payable | $0 |
| Deferred revenue | $613,200 |
| 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 | $4,835,496 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $714,843 |
| Total liabilities | $6,765,086 |
| 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 |
| Total liabilities and net assets/fund balances | $7,959,022 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tennessee Valley Railroad Museum Inc has recieved totaling $1,275.
| Awarding Organization | Amount |
|---|---|
Rebensdorf Family Foundation Omaha, NE PURPOSE: TO PRESERVE RAILROAD HERITAGE AND INCREASE THE PUBLIC'S AWARENESS OF THE HISTORICAL SIGNIFICANCE OF RAILROADS IN THE TENNESSEE VALLEY. | $1,000 |
Wabtec Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |