Red River Railroad Museum
- Assets
- $61.9k
- Revenue
- $91.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Denison, TX
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 75-2308006
Organization Overview
Red River Railroad Museum is located in Denison, TX. The organization was established in 1994. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red River Railroad Museum 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, Red River Railroad Museum generated $91.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $78.0k during the year ending 12/2022. While expenses have increased by 18.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HISTORICAL RAILROAD MUSEUM. TO EDUCATE THE COMMUNITY ON THE HISTORICAL SIGNIFICANCE OF THE RAILROADS TO THE GRAYSON COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND OPERATED A MUSEUM OPEN TO THE PUBLIC THAT DISPLAYS HISTORICAL DOCUMENTS, MODELS, SIMULATORS, AND OTHER ITEMS OF RAILROAD SIGNIFICANCE. MUSEUM WAS VISTED BY APROX 5,000 PEOPLE AND IS A FREQUENT STOP FOR FIELD TRIPS FOR LOCAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Geer Sec | Officer | 2 | $0 |
Brent Preston Director | Officer | 2 | $0 |
David Reeder Director | Officer | 2 | $0 |
John Scott Treasurer | Officer | 5 | $0 |
Doug Hoover Chairman | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,788 |
| Related organizations | $0 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,159 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $3,049 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,212 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,917 |
| Advertising and promotion | $4,692 |
| Office expenses | $0 |
| Information technology | $63 |
| Royalties | $0 |
| Occupancy | $19,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,291 |
| Insurance | $2,930 |
| All other expenses | $9,249 |
| Total functional expenses | $78,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,756 |
| Savings and temporary cash investments | $0 |
| 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 | $3,513 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,913 |
| Accounts payable and accrued expenses | $376 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $376 |
| Net assets without donor restrictions | $61,537 |
| 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 | $61,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Temple Library & Museum Of Fort Worth Inc Fort Worth, TX | $4,340,097 | $459,016 |
New Orleans Pharmacy Museum Ltd New Orleans, LA | $388,776 | $462,079 |
The Texas Military Forces Historical Foundation Austin, TX | $11,454 | $0 |
Red River Railroad Museum Denison, TX | $61,913 | $91,212 |
Brownsville Barnstormers Flying Museum Inc Brownsville, TX | $6,622 | $0 |
Historical Museum Of Barbed Wire & Fencing Tools Mclean, TX | $27,614 | $0 |