Oklahoma Railway Museum Limited
- Assets
- $2.6m
- Revenue
- $699.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Oklahoma City, OK
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 73-1234341
Organization Overview
Oklahoma Railway Museum Limited is located in Oklahoma City, OK. The organization was established in 1987. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Oklahoma Railway Museum Limited employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Railway Museum Limited 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 12/2022, Oklahoma Railway Museum Limited generated $699.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $832.0k during the year ending 12/2022. While expenses have increased by 10.9% 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
THE PURPOSE OF THE OKLAHOMA RAILWAY MUSEUM IS TO PROVIDE AN EDUCATIONAL EXPERIENCE OF RAILROADS AND HOW THEY SHAPED OKLAHOMA AND THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A MUSEUM THAT INFORMS VISITORS OF THE HISTORY OF THE RAILROAD. THE ORGANIZATION PUBLISHES A MONTHLY NEWSLETTER GIVING INFORMATION ON RAILWAY TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Wance Development Manager | Officer | 0 | $68,750 |
Anne Chilton Museum Administrator | Officer | 40 | $49,600 |
Bob Cossairt Trustee | Trustee | 9 | $0 |
Bob Cook Trustee | Trustee | 7 | $0 |
Bob Nantois Trustee | Trustee | 8 | $0 |
Eric Dilbeck President | Officer | 11 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,525 |
| 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 | $161,025 |
| Total Program Service Revenue | $128,137 |
| Investment income | -$30,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $240,000 |
| Net Rental Income | $0 |
| 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 | $67,233 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,033 |
| 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 | $142,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,696 |
| Office expenses | $25,570 |
| Information technology | $5,876 |
| Royalties | $0 |
| Occupancy | $17,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,573 |
| Interest | $4,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,223 |
| Insurance | $15,958 |
| All other expenses | $18,850 |
| Total functional expenses | $832,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $822,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,049 |
| 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 | $52,000 |
| Net Land, buildings, and equipment | $1,442,982 |
| Investments—publicly traded securities | $248,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,568,275 |
| Accounts payable and accrued expenses | $19,609 |
| 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 | $74,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $94,132 |
| Net assets without donor restrictions | $2,404,057 |
| Net assets with donor restrictions | $70,086 |
| 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 | $2,568,275 |