Overview
What is Connecticut Railroad Historical Association Inc?
The Connecticut Railroad Historical Association Inc, a nonprofit organization, is dedicated to both educating and preserving railroad history. They achieve this by amassing and meticulously restoring artifacts and historical documents. Notably, they acquired Canaan Union Station, which was partially damaged by a fire, with the intent to transform it into a captivating museum and library. Their mission is deeply rooted in the preservation of railroad heritage, fostering a rich understanding of this historical era.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Connecticut Railroad Historical Association Inc has received a low rating of 53%, reflecting significant concerns in its accountability and finance practices. While the organization excels in having a fully independent board and demonstrates good management of meeting documentation and asset diversion, these strengths are overshadowed by serious deficiencies in key governance areas, particularly the absence of crucial policies such as a conflict of interest policy, whistleblower policy, and document retention policy.
The program expense ratio is relatively high at 65.95%, indicating that a substantial majority of their expenditures are directed towards their programs. However, the organization's liabilities to assets ratio stands at 70.22%, which raises concerns about its financial stability. The lack of transparency, as evidenced by the failure to post required tax documents on its website, poses additional issues that potential donors and stakeholders should consider.
Overall, while the Connecticut Railroad Historical Association showcases some positive governance features, the missing critical policies and financial stability concerns contribute to its overall low rating. Prospective supporters may want to weigh these factors heavily before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Railroad Historical Association Inc legitimate?
Connecticut Railroad Historical Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Railroad Historical Association Inc 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.
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What is the mission statement of Connecticut Railroad Historical Association Inc?
The Connecticut Railroad Historical Association's mission is centered around educating the public about railroad history and preserving related artifacts. They accomplish this by collecting and restoring historical documents and artifacts. Following a fire that partially damaged Canaan Union Station, the association acquired the property with the intention of restoring it into a museum and library. This endeavor aims to provide a space for people to learn and appreciate the rich history of railroads.
Who is the CEO of Connecticut Railroad Historical Association Inc?
Douglas Humes is the President/Director/Trustee of Connecticut Railroad Historical Association Inc.
What is the revenue of Connecticut Railroad Historical Association Inc?
Connecticut Railroad Historical Association Inc's revenue in 2023 was $5,374.
Who are the executives of Connecticut Railroad Historical Association Inc and what are their salaries?
There 10 volunteers at Connecticut Railroad Historical Association Inc.
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Where can I find the form 990 for Connecticut Railroad Historical Association Inc?
Connecticut Railroad Historical Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Connecticut Railroad Historical Association Inc
The Connecticut Railroad Historical Association, a dedicated organization, is committed to educating the public about railroad history and preserving related artifacts and documents. To achieve this, they collect and meticulously restore various historical pieces. A significant project undertaken by the association was the acquisition of the Canaan Union Station, which was severely damaged by a fire. Their plan is to rebuild and transform this station into a museum and library, serving as a testament to railroad history. The Connecticut Railroad Historical Association's mission is to celebrate and safeguard the rich legacy of railroads, ensuring that future generations can appreciate and learn from this important chapter in our past.
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Impact
August, 2024
The Connecticut Railroad Historical Association Inc has made a significant impact in preserving and educating people about railroad history in Connecticut. Through their efforts in collecting and restoring artifacts and historical documents, they are ensuring that the rich heritage of the state's railroads is passed down to future generations. The acquisition and restoration of Canaan Union Station, following a devastating fire, demonstrate their commitment to preserving important landmarks and transforming them into educational facilities. By establishing a museum and library at the station, they are creating a space where the public can learn about and appreciate the role of railroads in shaping Connecticut's history. The Association's work not only benefits the local community but also contributes to the cultural enrichment of the state as a whole.
This information is meant to be a general summary of Connecticut Railroad Historical Association Inc. 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 2023.
- Investment Income: $27
- Gross Receipts: $101,185
Assets and Liabilities:
- Total Assets: $494,681
- Total Liabilities: $347,368
- Net Assets: $147,313
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Organization Details
Founding Year
2003
Phone
(860) 307-4331Principal Officer
Douglas Humes
Main Address
PO Box 255, Canaan, CT, 06018
NTEE Category
Code: A54 - Arts
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