Overview
What is The Maine Narrow Gauge Railroad And Industrial Heritage Trust?
The Maine Narrow Gauge Railroad and Industrial Heritage Trust, based in Portland, Maine, is a dedicated nonprofit organization. Their primary mission revolves around preserving and operating historical two-foot narrow gauge railroad equipment for educational and recreational purposes. They provide an engaging museum experience and train rides, attracting over 40,000 visitors annually. The Trust's commitment to preservation and operation of this unique railroad equipment serves as an educational resource for the public, fostering appreciation for the region's rich heritage. With a dedicated workforce of 14 individuals, the Trust continues to serve and delight visitors in Portland, Maine.
Official website here: www.mainenarrowgauge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Maine Narrow Gauge Railroad And Industrial Heritage Trust received a two-star rating from Charity Navigator, with an overall score of 67%. The organization demonstrates strong governance practices, notably having a fully independent board and a solid conflict of interest policy. However, the absence of financial statements significantly detracts from their accountability and financial transparency.
While the Trust has a commendable liabilities to assets ratio of 27.05%, indicating financial stability, its program expense ratio stands at 58.68%, suggesting that a higher portion of funds is not going directly to programs. This reliance on administrative expenses may raise questions about the effectiveness of their financial management.
In summary, while the Trust exhibits strengths in governance and transparency practices, it faces challenges in financial reporting and program efficiency that could hinder its overall impact. Addressing these areas could help improve its ratings and enhance trust with supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Maine Narrow Gauge Railroad And Industrial Heritage Trust legitimate?
The Maine Narrow Gauge Railroad And Industrial Heritage Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maine Narrow Gauge Railroad And Industrial Heritage Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $68,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,416
For more financial information, click here
Official website here: www.mainenarrowgauge.org
What is the mission statement of The Maine Narrow Gauge Railroad And Industrial Heritage Trust?
The Maine Narrow Gauge Railroad And Industrial Heritage Trust's mission is centered around preserving and operating historic two-foot gauge railroad equipment for the educational and entertainment benefit of the general public. By doing so, they aim to provide an engaging museum and train ride experience to over 40,000 visitors annually. This organization is dedicated to interpreting the history of Maine's narrow gauge railroads and sharing this rich heritage with the community.
Official website here: www.mainenarrowgauge.org
Who is the CEO of The Maine Narrow Gauge Railroad And Industrial Heritage Trust?
Alex Ensign is the President of The Maine Narrow Gauge Railroad And Industrial Heritage Trust.
Official website here: www.mainenarrowgauge.org
What is the revenue of The Maine Narrow Gauge Railroad And Industrial Heritage Trust?
The Maine Narrow Gauge Railroad And Industrial Heritage Trust's revenue in 2022 was $1,233,107.
Official website here: www.mainenarrowgauge.org
Who are the executives of The Maine Narrow Gauge Railroad And Industrial Heritage Trust and what are their salaries?
The average compensation at The Maine Narrow Gauge Railroad And Industrial Heritage Trust during 2022 was $14,385. There are 14 employees and 350 volunteers at The Maine Narrow Gauge Railroad And Industrial Heritage Trust.
Here are 9 key members and their salaries:
- Compensation: $55,596
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- Compensation: $13,382
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Official website here: www.mainenarrowgauge.org
Where can I find the form 990 for The Maine Narrow Gauge Railroad And Industrial Heritage Trust?
The Maine Narrow Gauge Railroad And Industrial Heritage Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainenarrowgauge.org
Learn more at the official website: www.mainenarrowgauge.org
Mission Statement of The Maine Narrow Gauge Railroad And Industrial Heritage Trust
The Maine Narrow Gauge Railroad and Industrial Heritage Trust, in its mission, preserves and brings to life historical two-foot gauge railroad equipment for the enrichment and delight of the public. By doing so, the organization serves as an educational resource, offering visitors an immersive experience that showcases the heritage and craftsmanship of these historic trains. The Trust's goal is to engage people in the stories and techniques of Maine's narrow gauge railroad history, fostering a deeper appreciation for the past and its impact on the present. Through the preservation and operation of these vintage trains, the Maine Narrow Gauge Railroad and Industrial Heritage Trust contributes to the cultural and educational landscape, providing a unique and enjoyable experience to over 40,000 visitors each year.
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Impact
July, 2024
The Maine Narrow Gauge Railroad And Industrial Heritage Trust's impact lies in preserving and operating historic two-foot gauge railroad equipment for the education and enjoyment of the public. This is achieved through providing an educational museum and train ride experience to over 40,000 visitors. Through their efforts in preserving, operating, and interpreting historic Maine two-foot narrow gauge railroad equipment, they contribute to the preservation of industrial heritage and offer a unique insight into the history of rail transportation in Maine.
This information is meant to be a general summary of The Maine Narrow Gauge Railroad And Industrial Heritage Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,055
- Program Service Revenue: $294,899
- Gross Receipts: $1,551,785
Assets and Liabilities:
- Total Assets: $2,187,281
- Total Liabilities: $591,867
- Net Assets: $1,595,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Group Tours
Revenue
$3,361
Other Program Receipts
Railroad Ride Tickets
Revenue
$291,538
Organization Details
Founding Year
1993
Phone
(207) 828-0814Principal Officer
Alex Ensign
Main Address
413 Presumpscot Street, Portland, ME, 04103
Website
www.mainenarrowgauge.orgNTEE Category
Code: U99 - Science research
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