Overview
What is Medina Railroad Museum?
The Medina Railroad Museum, located at 530 WEST AVENUE, MEDINA, NY 14103, is a nonprofit organization dedicated to fostering interest in railroad history and trains. Their mission is to collect, preserve, and exhibit railroad artifacts, models, and memorabilia for public enjoyment and educational purposes. By doing so, they aim to contribute to tourism and economic development in the area. The museum employs a team of eight individuals, working together to share their passion for railroads and provide an engaging experience for visitors of all ages.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
The Medina Railroad Museum has received a solid rating of 82%, indicating a strong performance in accountability and finance. This score reflects a commitment to transparency and efficient management of resources, with a particularly noteworthy accountability score. The museum boasts an entirely independent board, ensuring that governance is conducted without conflicts of interest.
Strengths highlighted in the assessment include a high program expense ratio of 91.55%, demonstrating that a significant portion of funds is allocated directly towards its programs rather than administrative costs. The organization also shows effective oversight, with an audit and oversight committee that fully meets expectations. Additionally, there are no indications of material diversion of assets, which adds to its credibility.
While the overall rating is commendable, there are no additional metrics provided that would shed light on other aspects of the organization, such as its programmatic impact or community engagement. However, the financial health indicators suggest that the Medina Railroad Museum is effectively utilizing its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Medina Railroad Museum legitimate?
Medina Railroad Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medina Railroad Museum 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: $61,819
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,329
For more financial information, click here
What is the mission statement of Medina Railroad Museum?
The Medina Railroad Museum's mission is centered around amassing, preserving, and showcasing railroad artifacts, models, and memorabilia. This is done with the aim of providing enjoyment for the public and offering educational opportunities for future generations. Additionally, the museum seeks to contribute positively to tourism and economic development. The primary objective of the museum is to foster an interest in the historical aspects of railroads and trains, providing a public railroad display for observation.
Who is the CEO of Medina Railroad Museum?
George Bidleman is the President of Medina Railroad Museum.
What is the revenue of Medina Railroad Museum?
Medina Railroad Museum's revenue in 2023 was $1,220,231.
Who are the executives of Medina Railroad Museum and what are their salaries?
The average compensation at Medina Railroad Museum during 2023 was $19,018. There are 8 employees and 40 volunteers at Medina Railroad Museum.
Here are 10 key members and their salaries:
- Compensation: $61,819
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- Other: $0
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Where can I find the form 990 for Medina Railroad Museum?
Medina Railroad Museum's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Medina Railroad Museum
The Medina Railroad Museum is dedicated to collecting, preserving, and exhibiting railroad artifacts, models, and memorabilia for the enjoyment of the public and the education of future generations. Their mission extends beyond just showcasing these items; it also aims to contribute to tourism and economic development. By doing so, the museum promotes interest in the history of railroads and trains, offering a public railroad display for observation. Through its activities, the Medina Railroad Museum seeks to benefit from the fascination with railroads and trains, fostering a sense of history and heritage that can be passed down to future generations.
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Impact
October, 2024
The Medina Railroad Museum plays a vital role in the community by preserving and interpreting railroad artifacts, models, and memorabilia. This dedication not only fosters a deep appreciation for the history of railroads and trains but also provides an engaging educational experience for visitors of all ages. By offering a platform for public observation and interaction with historical railroad displays, the museum promotes cultural heritage and supports tourism, which in turn contributes to the local economy. Through its efforts, the museum ensures that future generations can learn about and enjoy the significance of railroads in shaping our society.
This information is meant to be a general summary of Medina Railroad Museum. 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: $16,074
- Program Service Revenue: $1,146,329
- Gross Receipts: $1,291,043
Assets and Liabilities:
- Total Assets: $1,582,643
- Total Liabilities: $573,353
- Net Assets: $1,009,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCURSIONS-POLAR EXPRESS
Revenue
$684,452
EXCURSIONS-OTHER
Revenue
$320,799
EXCURSIONS-THOMAS
Revenue
$122,257
ADMISSIONS
Revenue
$18,821
Organization Details
Founding Year
1997
Phone
(585) 798-6106Principal Officer
George Bidleman
Main Address
530 WEST AVENUE, MEDINA, NY, 14103
NTEE Category
Code: A54 - Arts
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