Overview
What is American Steam Railroad Preservatio?
American Steam Railroad Preservation, located in Mount Vernon, Ohio, is a dedicated nonprofit organization. Their primary mission is to restore and maintain steam locomotives, serving as a platform for public education and offering volunteer opportunities to work on these projects. They meticulously repair and maintain steam railway cars, providing an engaging learning experience about the history and technology of steam railways. This commitment to preservation not only honors the past but also allows the public to appreciate and engage with this unique aspect of transportation history.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
The American Steam Railroad Preservation has received a low score of 58%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a completely independent board and has shown no material diversion of assets, it has several critical areas needing improvement that have adversely affected its overall rating.
The organization excels in its program expense ratio, spending an impressive 96.23% of its budget on programs. However, it lacks essential governance policies such as conflict of interest, whistleblower, and document retention policies, which are vital for transparency and accountability. Additionally, the nonprofit’s website is not listed on its tax form, and it fails to share its tax documents online, raising concerns about accessibility and communication with stakeholders.
Financially, the liabilities to assets ratio is alarmingly high at 386.16%, indicating potential financial instability. Overall, while the organization shows a commitment to its mission through program spending, structural and governance deficiencies limit its effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is American Steam Railroad Preservatio legitimate?
American Steam Railroad Preservatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Steam Railroad Preservatio 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 American Steam Railroad Preservatio?
The American Steam Railroad Preservation's mission is centered around maintaining and restoring vintage steam railway cars, while simultaneously educating the public about this historical mode of transportation. They strive to preserve the rich heritage of steam locomotives by providing ample volunteer opportunities for individuals to contribute to various projects. Their primary goal is to share this passion for steam railroads with the wider community, fostering an appreciation for the past and the role it has played in shaping modern transportation.
Who is the CEO of American Steam Railroad Preservatio?
Rob Gardner is the President of American Steam Railroad Preservatio.
What is the revenue of American Steam Railroad Preservatio?
American Steam Railroad Preservatio's revenue in 2022 was $69,026.
Who are the executives of American Steam Railroad Preservatio and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for American Steam Railroad Preservatio?
American Steam Railroad Preservatio's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Steam Railroad Preservatio
American Steam Railroad Preservation, a dedicated nonprofit organization, is committed to preserving and restoring steam railway cars. Beyond repairing these historical vehicles, the organization also serves an educational purpose. It aims to educate the public about the significance and history of steam railways, fostering a deeper appreciation for this historical mode of transportation. Furthermore, American Steam Railroad Preservation offers volunteer opportunities, allowing individuals to actively participate in the restoration projects. By doing so, the organization not only preserves this rich heritage but also nurtures a sense of community involvement and passion for history.
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Impact
August, 2024
American Steam Railroad Preservation, based in Mount Vernon, Ohio, has a significant impact on preserving steam railway heritage in the United States. They restore steam locomotives and maintain and repair steam railway cars, ensuring that these artifacts are preserved for future generations to enjoy and learn from. In addition, the organization educates the public about steam railways, their historical significance, and their role in shaping the country's transportation history. By providing volunteer opportunities to work on projects, American Steam Railroad Preservation actively engages individuals in the preservation and promotion of this important aspect of American culture.
This information is meant to be a general summary of American Steam Railroad Preservatio. 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.
- Gross Receipts: $69,026
Assets and Liabilities:
- Total Assets: $58,167
- Total Liabilities: $224,619
- Net Assets: -$166,452
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Organization Details
Phone
(614) 570-7546Principal Officer
Rob Gardner
Main Address
PO BOX 1148, MOUNT VERNON, OH, 43050
NTEE Category
Code: A54 - Arts
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