Friends Of The Cumbres & Toltec
- Assets
- $1.8m
- Revenue
- $660.9k
- Investments
- $635.3k
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 85-0363487
Organization Overview
Friends Of The Cumbres & Toltec is located in Albuquerque, NM. The organization was established in 1989. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Friends Of The Cumbres & Toltec employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Cumbres & Toltec 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 12/2021, Friends Of The Cumbres & Toltec generated $660.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $790.4k during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE CUMBRES AND TOLTEC SCENIC RAILROAD INC. IS DEDICATED TO THE HISTORIC PRESERVATION, RESTORATION AND INTERPRETATION OF THE CUMBRES AND TOLTEC SCENIC RAILROAD AS A LIVING MUSEUM. THE FRIENDS ENVISION ANOTHER CENTURY OF NARROW GAUGE STEAM RAILROADING WITH THE CUMBRES AND TOLTEC SCENIC RAILROAD BEING WIDELY RECOGNIZED AS ONE OF THE WORLD'S PREMIER "LIVING" MUSEUMS FOR HISTORIC, STEAM RAILROAD OPERATION, PRESERVATION AND INTERPRETATION AND INDUSTRIAL HERITAGE. THE FRIENDS ALSO ENVISIONS THE RAILROAD TO BE THE WORLD'S BEST AND MOST POPULAR TOURIST STEAM RAILROAD EXPERIENCE. RESPONSIBILITY FOR AND LEADERSHIP OF THE HISTORIC PRESERVATION AND MUSEUM FUNCTIONS OF THE CUMBRES AND TOLTEC SCENIC RAILROAD WILL REST WITH THE FRIENDS, TO BE KNOWN AND RESPECTED INTERNATIONALLY AS THE BEST NON-PROFIT, HISTORIC RAILWAY PRESERVATION AND MUSEUM ORGANIZATION IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERPRETATION AND RESTORATION - MANY THOUSANDS OF PEOPLE WERE BENEFITED BY THE INTERPRETATION OF THE ORGANIZATIONS HISTORIC PROPERTY. THIS IS DONE THROUGH THE NEWSLETTER TO LIBRARIES AND MEMBERS, AND THROUGH WALKING TOURS GUIDING VISITORS THROUGH THE RAILYARD. RESTORATION BENEFITS THE HISTORIC MUSEUM COLLECTION AND IT IS ESTIMATED THAT CLOSE TO 100,000 PEOPLE VISIT THE RAILYARD PROPERTIES EACH YEAR. THE MAJOR PORTION OF THE EXPENSES WERE FOR VARIOUS MATERIALS TO PRESERVE AND RESTORE THE HISTORIC EQUIPMENT AND PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Tennant President/ce | OfficerTrustee | 40 | $103,450 |
Bill Lock Treasurer | OfficerTrustee | 5 | $0 |
Bill Kepner Secretary | OfficerTrustee | 5 | $0 |
John Engs Proj Com Co | OfficerTrustee | 22 | $0 |
Don Stewart Chairmain | OfficerTrustee | 15 | $0 |
Caroline Tower Vice Chairma | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $160,993 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,472 |
| Total Program Service Revenue | $25,144 |
| Investment income | $966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $660,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,069 |
| 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. | $103,450 |
| Compensation of current officers, directors, key employees. | $39,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,669 |
| Advertising and promotion | $9,296 |
| Office expenses | $98,080 |
| Information technology | $28,005 |
| Royalties | $0 |
| Occupancy | $29,329 |
| Travel | $7,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,915 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,255 |
| Insurance | $21,370 |
| All other expenses | $0 |
| Total functional expenses | $790,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,830 |
| 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 | $12,291 |
| Prepaid expenses and deferred charges | $15,144 |
| Net Land, buildings, and equipment | $551,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $635,332 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,343 |
| Total assets | $1,847,446 |
| Accounts payable and accrued expenses | $41,227 |
| Grants payable | $0 |
| Deferred revenue | $154 |
| 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 | $41,381 |
| Net assets without donor restrictions | $1,347,828 |
| Net assets with donor restrictions | $458,237 |
| 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 | $1,847,446 |
Grants Awarded
Over the last fiscal year, Friends Of The Cumbres & Toltec has awarded $101,988 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF CHAMA PURPOSE: WATER PLANT RESTO. | $76,488 |
Chama, NM PURPOSE: COVID ASSISTANCE | $12,750 |
Alamosa, CO PURPOSE: COVID ASSISTANCE | $12,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Cumbres & Toltec has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Naranjo Ewbank Family Foundation Spicewood, TX PURPOSE: SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $90,150 |
| Ending Balance | $90,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central City Opera House Association Wheat Ridge, CO | $4,003,841 | $11,954,405 |
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Arizona Historical Society Tucson, AZ | $4,905,511 | $5,450,544 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Boulder Historical Society Inc Boulder, CO | $19,392,062 | $1,254,110 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Maricopa County Historical Society Wickenburg, AZ | $19,800,198 | $1,675,075 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |