Overview
What is Black River Railroad Historical Trust Inc?
Black River Railroad Historical Trust Inc, based in Point Pleasant Boro, New Jersey, is a dedicated nonprofit organization. Their primary focus is preserving the rich history and heritage of railroading in their local area. They achieve this by operating historical railroad equipment for community service and public education. This includes lectures on railroad safety and funding restoration projects for these vintage trains. The trust's mission, under the name Black River & Western, is to share this historical treasure with their members and the general public, fostering a strong community commitment to their area's railroad past. With a team of 12 individuals, they strive to maintain and educate others about the importance of railroad safety and history.
Official website here: www.blackriverrailroad.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Black River Railroad Historical Trust Inc. has received an 83% rating from Charity Navigator, which is primarily based on its accountability and financial practices. This rating reflects a strong adherence to financial transparency and governance standards, suggesting that the organization is effectively managing its resources and is accountable to its stakeholders.
One of the notable strengths of the Trust is its fully independent board, which consists of 8 independent members, ensuring unbiased decision-making. The organization has demonstrated responsible financial management, with a high program expense ratio of 97.69%, indicating that the majority of its funds are directed towards its mission-driven activities rather than administrative costs. Additionally, the absence of any material diversion of assets further reinforces its financial integrity.
However, there are areas needing improvement, such as the absence of a whistleblower policy and document retention and destruction policy, which are important for organizational governance. Although these factors did not significantly impact its overall rating, addressing them could enhance the organization's accountability framework. Overall, the Black River Railroad Historical Trust Inc. shows a solid commitment to its mission and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Black River Railroad Historical Trust Inc legitimate?
Black River Railroad Historical Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black River Railroad Historical Trust 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,828
For more financial information, click here
Official website here: www.blackriverrailroad.com
What is the mission statement of Black River Railroad Historical Trust Inc?
The Black River Railroad Historical Trust Inc's mission is centered around preserving the rich history and heritage of railroading. This organization seeks to achieve this goal by educating the public on the importance of railroad safety. They have shown their commitment through the restoration and operation of historical railroad equipment, offering these experiences to both their members and the general public. Additionally, they conduct lectures on railroad safety and history, serving as a valuable resource for the community. The Trust also invests in the maintenance and restoration projects of these historical railroad assets.
Official website here: www.blackriverrailroad.com
Who is the CEO of Black River Railroad Historical Trust Inc?
Michael Shea is the President of Black River Railroad Historical Trust Inc.
Official website here: www.blackriverrailroad.com
What is the revenue of Black River Railroad Historical Trust Inc?
Black River Railroad Historical Trust Inc's revenue in 2022 was $467,457.
Official website here: www.blackriverrailroad.com
Who are the executives of Black River Railroad Historical Trust Inc and what are their salaries?
The average compensation at Black River Railroad Historical Trust Inc during 2022 was $2,486. There are 12 employees and 60 volunteers at Black River Railroad Historical Trust Inc.
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Official website here: www.blackriverrailroad.com
Where can I find the form 990 for Black River Railroad Historical Trust Inc?
Black River Railroad Historical Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blackriverrailroad.com
Learn more at the official website: www.blackriverrailroad.com
Mission Statement of Black River Railroad Historical Trust Inc
The Black River Railroad Historical Trust Inc is dedicated to preserving the history and heritage of railroading while promoting public awareness on railroad safety. This nonprofit organization achieves its mission by restoring and operating historical railroad equipment, allowing both its members and the general public to enjoy this rich history. Through their efforts, they aim to foster a sense of community commitment towards the historical local railroads and the area's railroad history. Furthermore, the Black River Railroad Historical Trust Inc invests in the maintenance and restoration projects of these historical railroad equipment, ensuring their longevity and continued educational value for future generations.
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Impact
July, 2024
Black River Railroad Historical Trust Inc's impact is evident in its commitment to preserving the history and heritage of railroading while educating the public on railroad safety. Through the restoration and operation of historical railroad equipment, the organization provides the community with opportunities to engage with this important aspect of local history. By offering railroad safety and history lectures, Black River Railroad Historical Trust Inc helps to raise awareness and ensure the safety of those interacting with railroad equipment. Overall, the organization's efforts contribute to the preservation of local history, the promotion of railroad safety, and the enjoyment of historical railroading for both members and the general public.
This information is meant to be a general summary of Black River Railroad Historical Trust 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 2022.
- Investment Income: $66
- Program Service Revenue: $440,396
- Gross Receipts: $467,457
Assets and Liabilities:
- Total Assets: $507,785
- Total Liabilities: $118,632
- Net Assets: $389,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Historic Rail Equipment
Revenue
$440,396
Organization Details
Founding Year
2001
Phone
(908) 782-6622Principal Officer
Michael Shea
Main Address
PO Box 598, Point Pleasant Boro, NJ, 08742
Website
www.blackriverrailroad.comNTEE Category
Code: A80 - Arts
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