Overview
What is Fort Wayne Railroad Historical Society Inc?
Fort Wayne Railroad Historical Society Inc, based in Northeast Indiana, is a dedicated nonprofit organization. Their primary mission is to restore and preserve significant historical railroad equipment and artifacts, aiming to make them accessible to the public for enjoyment. They manage various administrative tasks such as printing, postage, and shipping, maintain their website, and arrange travel and lodging for related events. Furthermore, they ensure the protection of these artifacts and secure liability insurance for their operations. Overall, they strive to preserve and share the rich railroad history of Northeast Indiana with the public.
Official website here: www.fortwaynerailroad.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The Fort Wayne Railroad Historical Society Inc has received a two-star rating, indicating that there are areas needing improvement within its operations. The organization's overall score of 69% reflects both strengths and weaknesses in its accountability and financial practices. While it boasts a fully independent board and a strong program expense ratio of 85.70%, which suggests effective allocation of resources towards its mission, there are significant gaps in financial transparency, as evidenced by the absence of financial statements and missing key policies.
Strengths of the organization include a commitment to maintaining an independent board and a robust financial health indicated by a low liabilities to assets ratio of 14.71%. However, the lack of essential governance documents such as a conflict of interest policy, whistleblower policy, and a document retention policy raises concerns about its operational integrity and oversight. Additionally, the organization has not made its tax forms accessible on its website, further limiting transparency.
While the historical society demonstrates a strong dedication to its mission through effective program expenditure, improvements in governance and financial transparency are crucial for enhancing trust and accountability. Addressing these gaps could help the organization secure better ratings in the future and foster greater support from the community and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Wayne Railroad Historical Society Inc legitimate?
Fort Wayne Railroad Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Wayne Railroad 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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Official website here: www.fortwaynerailroad.org
What is the mission statement of Fort Wayne Railroad Historical Society Inc?
The Fort Wayne Railroad Historical Society Inc's mission is centered around the restoration and preservation of historically significant railroad equipment and artifacts from Northeast Indiana. Their ultimate goal is to bring these restored pieces back to operational status, making them accessible to the public. The society also performs various administrative tasks, including handling travel and lodging, as well as maintaining their website. Additionally, they provide protection for the artifacts and secure liability insurance. The organization's activities extend beyond restoration, offering programs to ensure the proper conservation of these historical items.
Official website here: www.fortwaynerailroad.org
Who is the CEO of Fort Wayne Railroad Historical Society Inc?
Joe Knapke is the President of Fort Wayne Railroad Historical Society Inc.
Official website here: www.fortwaynerailroad.org
What is the revenue of Fort Wayne Railroad Historical Society Inc?
Fort Wayne Railroad Historical Society Inc's revenue in 2022 was $1,279,385.
Official website here: www.fortwaynerailroad.org
Who are the executives of Fort Wayne Railroad Historical Society Inc and what are their salaries?
There 75 volunteers at Fort Wayne Railroad Historical Society Inc.
Here are 9 key members and their salaries:
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Official website here: www.fortwaynerailroad.org
Where can I find the form 990 for Fort Wayne Railroad Historical Society Inc?
Fort Wayne Railroad Historical Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fortwaynerailroad.org
Learn more at the official website: www.fortwaynerailroad.org
Mission Statement of Fort Wayne Railroad Historical Society Inc
Fort Wayne Railroad Historical Society, Inc. is committed to preserving and restoring historical railroad equipment and artifacts that hold significant value in Northeast Indiana. Their primary objective is to bring these restored items back to life and make them accessible to the public. The society carries out various administrative tasks such as handling postage, printing, and shipping, and maintains an online presence through their website. Additionally, they provide programs to safeguard these artifacts and ensure they are covered by liability insurance. The society's dedication to historical preservation and public engagement serves as a testament to their passion for honoring the railroad heritage of Northeast Indiana.
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Impact
October, 2024
The Fort Wayne Railroad Historical Society Inc significantly contributes to preserving and showcasing the rich history of railroads in Northeast Indiana. By restoring and maintaining historical railroad equipment and artifacts, the organization plays a vital role in ensuring that the region's transportation heritage is not only protected but also celebrated.
These efforts allow the public to engage with the history of railroads, offering educational programs and experiences that connect residents and visitors to the past. The society operates restored equipment for public enjoyment, fostering a deeper appreciation for the important role railroads played in the development of the area. Through its initiatives, the Fort Wayne Railroad Historical Society enhances local culture and promotes tourism, creating a lively environment where historical appreciation thrives.
This information is meant to be a general summary of Fort Wayne Railroad 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: -$11,365
- Program Service Revenue: $517,081
- Gross Receipts: $1,366,339
Assets and Liabilities:
- Total Assets: $1,849,784
- Total Liabilities: $465,703
- Net Assets: $1,384,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCURSIONS
Revenue
$490,439
REIMBURSEMENTS FOR SHIPPING
Revenue
$14,290
OVER-PAYMENTS AND REFUNDS
Revenue
$8,736
ANNUAL MEETING
Revenue
$3,600
MOBILE APP
Revenue
$16
Organization Details
Founding Year
1972
Phone
(260) 493-0765Principal Officer
Joe Knapke
Main Address
PO BOX 11017, FORT WAYNE, IN, 46855
Website
www.fortwaynerailroad.orgNTEE Category
Code: A82 - Arts
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