Overview
What is Lake Shore Railway Historical Society Inc?
Lake Shore Railway Historical Society Inc, situated in North East, Pennsylvania, is a dedicated nonprofit organization committed to the preservation and education of railroad history. They accomplish this mission by meticulously maintaining the Lake Shore Railway Museum and its associated exhibits. The society's efforts extend beyond the museum, as they also take care of the upkeep of railway cars. Their primary goal is to share and celebrate the rich history of railroads, fostering an appreciation for this significant aspect of our past.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating. This rating reflects a fairly solid performance, particularly in the Accountability & Finance category, which is the sole basis for the score. The organization has successfully maintained an independent board, scoring full points in this area, indicating a well-governed structure.
On the positive side, the Lake Shore Railway Historical Society Inc demonstrates strong financial health, evidenced by a high program expense ratio of 91.51%, which suggests that a significant portion of its funds is directed toward its mission-related activities. Additionally, there are no material diversions of assets, further highlighting its fiscal responsibility.
However, the rating is tempered by several areas of concern, particularly in transparency. The organization lacks essential policies and disclosures, such as a conflict of interest policy and whistleblower policy, and has not made board meeting minutes available. These deficiencies have resulted in low scores in key transparency metrics, which may impact stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Shore Railway Historical Society Inc legitimate?
Lake Shore Railway Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Shore Railway Historical Society 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 Lake Shore Railway Historical Society Inc?
The Lake Shore Railway Historical Society Inc's mission is primarily centered around preserving and disseminating knowledge about railroad history. To accomplish this, the organization maintains the Lake Shore Railway Museum and all its exhibits. By doing so, they contribute to the education of railroad history, engaging with various programs that involve conserving the museum and its railway cars. The society's work aims to promote understanding and appreciation of railroad history, serving as a valuable resource for enthusiasts and history buffs.
Who is the CEO of Lake Shore Railway Historical Society Inc?
Raymond Grabowski Jr is the President of Lake Shore Railway Historical Society Inc.
What is the revenue of Lake Shore Railway Historical Society Inc?
Lake Shore Railway Historical Society Inc's revenue in 2022 was $43,802.
Who are the executives of Lake Shore Railway Historical Society Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Lake Shore Railway Historical Society Inc?
Lake Shore Railway Historical Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Shore Railway Historical Society Inc
Lake Shore Railway Historical Society Inc is dedicated to the preservation and education of railroad history. The organization's primary mission is to maintain the Lake Shore Railway Museum and its exhibits, serving as a repository for the rich history of railways. By doing so, the Society aims to educate the public about the role of railways in our past and their continued significance in our society. The Society's activities include the meticulous maintenance of the museum and its railway cars, ensuring that these historical artifacts are preserved for future generations to learn from and appreciate.
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Impact
August, 2024
The impact of Lake Shore Railway Historical Society Inc is significant in the preservation and education of railroad history. Through the maintenance of the Lake Shore Railway Museum and its exhibits, the society plays a vital role in keeping the rich heritage of railroads alive. Their programs focused on maintaining the museum and railway cars contribute to educating the public about the importance of this mode of transportation in history. Located in North East, PA, the society's efforts are instrumental in ensuring that future generations have access to this important aspect of our past.
This information is meant to be a general summary of Lake Shore Railway Historical Society 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: $4,733
- Gross Receipts: $52,512
Assets and Liabilities:
- Total Assets: $743,996
- Total Liabilities: $4,101
- Net Assets: $739,895
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Organization Details
Founding Year
1965
Phone
(814) 725-1911Principal Officer
Raymond Grabowski Jr
Main Address
PO Box 571, North East, PA, 16428
NTEE Category
Code: A80 - Arts
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