Center For Transportation & Commerce
- Assets
- $7.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Galveston, TX
- Founding
- 04/1982
- Data as of
- 12/2022
- EIN
- 76-0011483
Organization Overview
Center For Transportation & Commerce is located in Galveston, TX. The organization was established in 1982. 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 12/2022, Center For Transportation & Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Transportation & Commerce 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, Center For Transportation & Commerce generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 17.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF MUSEUM OF TRANSPORTATION WITH EMPHASIS ON RAILROAD TRANSPORTATION AND ARTIFACTS, INCLUDING ROLLING STOCK.
Describe the Organization's Program Activity:
MAINTAIN, IMPROVE & PROMOTE MUSEUM (CENTER FOR TRANSPORTATION AND COMMERCE) WITH MEMOTABILIA & EXHIBITS DEPICTING THE EVOLUTIONS OF TRANSPORTATION IN THE GALVESTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Robertson Executive Dir. | Trustee | 40 | $65,559 |
Dr John Bertini Chairman | Officer | 4 | $0 |
Doug Poole Vice President | Officer | 4 | $0 |
Kenneth Zimmern Treasurer | Officer | 4 | $0 |
Dr Don Harper Secretary | Officer | 4 | $0 |
Ramiro Barba Director | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,665 |
| Fundraising events | $186,016 |
| Related organizations | $0 |
| Government grants | $210,416 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,549 |
| Total Program Service Revenue | $2,285,200 |
| Investment income | $8,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $180,181 |
| 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 | $193,830 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,239,875 |
| 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. | $70,146 |
| Compensation of current officers, directors, key employees. | $65,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,826 |
| Payroll taxes | $31,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,047 |
| Fees for services: Accounting | $55,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $279,196 |
| Office expenses | $24,993 |
| Information technology | $8,959 |
| Royalties | $482,504 |
| Occupancy | $17,313 |
| Travel | $1,944 |
| 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 | $314,810 |
| Insurance | $102,788 |
| All other expenses | $306,514 |
| Total functional expenses | $3,211,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,407 |
| Prepaid expenses and deferred charges | $63,046 |
| Net Land, buildings, and equipment | $3,864,181 |
| Investments—publicly traded securities | $334,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,413,273 |
| Total assets | $7,222,236 |
| Accounts payable and accrued expenses | $537,229 |
| 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 | $36,926 |
| Total liabilities | $574,155 |
| Net assets without donor restrictions | $1,004,773 |
| Net assets with donor restrictions | $5,643,308 |
| 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 | $7,222,236 |