Overview
What is Friends Of L & N Depot Inc?
Friends of L & N Depot Inc, with its base in Bowling Green, Kentucky, is a dedicated nonprofit organization. Their primary focus is the acquisition, restoration, and preservation of authentic passenger cars, cabooses, engines, and goods, contributing to the operation of rail passenger service. By doing so, they aim to uphold the story and history of rail transportation, highlighting its impact on local communities and its significant role in the nation's social and economic development. Their work includes facilitating displays, exhibits, and programming at the Historic Museum and Depot, engaging in the preservation and presentation of railroad history. With a team of 12 employees, they strive to keep the legacy of rail transportation alive and thriving.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Friends Of L & N Depot Inc has a score of 67%, primarily driven by its strong performance in Accountability and Finance metrics. The organization boasts a fully independent board, with 100% of its members being independent, and the board size is also impressive with 11 independent members. Additionally, the charity has shown no material diversion of assets and maintains proper documentation of board meeting minutes.
A notable strength of this nonprofit is its high program expense ratio of 98.58%, indicating that the vast majority of its resources are directed toward its programmatic activities. The liabilities to assets ratio is also low at 13.93%, suggesting financial stability. However, the overall score reflects limited performance in areas beyond accountability and finance, which may raise questions about its broader operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of L & N Depot Inc legitimate?
Friends Of L & N Depot Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of L & N Depot 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: $101,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,093
For more financial information, click here
What is the mission statement of Friends Of L & N Depot Inc?
Friends of L & N Depot Inc's mission is centered around facilitating displays, exhibits, and programming that preserve and showcase the historical significance of railroads. Their objective is to present this history in the context of its local impact and its vital role in the nation's social and economic development. This organization engages in the acquisition, restoration, and preservation of authentic passenger cars, cabooses, engines, and goods to support rail passenger service. They also collect and display transportation-related artifacts, aiming to promote the story and history of rail transportation.
Who is the CEO of Friends Of L & N Depot Inc?
Jamie Johnson is the Treasurer of Friends Of L & N Depot Inc.
What is the revenue of Friends Of L & N Depot Inc?
Friends Of L & N Depot Inc's revenue in 2022 was $1,038,049.
Who are the executives of Friends Of L & N Depot Inc and what are their salaries?
The average compensation at Friends Of L & N Depot Inc during 2022 was $25,306. There are 12 employees and 20 volunteers at Friends Of L & N Depot Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Friends Of L & N Depot Inc?
Friends Of L & N Depot Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of L & N Depot Inc
Friends of L & N Depot Inc is dedicated to facilitating the presentation of railroad history, highlighting its significant impact both locally and nationally in terms of social and economic development. Their mission involves organizing displays, exhibits, and programming to preserve and showcase this historical aspect of transportation. Through the acquisition, restoration, and preservation of authentic passenger cars, cabooses, engines, and goods, the organization supports the operation of rail passenger services. This endeavor aims to promote the story and history of rail transportation, while also collecting and displaying transportation-related artifacts. By doing so, Friends of L & N Depot Inc contributes to a broader understanding of the role rail transport played in shaping our nation's past.
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Impact
July, 2024
Friends Of L & N Depot Inc's impact can be seen in their efforts to preserve and present the history of railroad transportation in the context of its local impact and its role in the nation's social and economic development. Through the acquisition, restoration, and preservation of authentic passenger cars, caboose, engines, and goods that support rail passenger service, they are promoting the story and history of rail transportation. Additionally, by collecting and displaying transportation-related artifacts, they are contributing to the preservation of an important aspect of American history. Their work not only educates the public about the significance of rail transport but also helps in keeping this historical legacy alive for future generations.
This information is meant to be a general summary of Friends Of L & N Depot 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.
- Program Service Revenue: $128,562
- Gross Receipts: $1,065,783
Assets and Liabilities:
- Total Assets: $1,376,193
- Total Liabilities: $5,777
- Net Assets: $1,370,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURS
Revenue
$128,562
Organization Details
Founding Year
2002
Principal Officer
Jamie Johnson
Main Address
401 Kentucky Street Ste B, Bowling Green, KY, 42101
NTEE Category
Code: A80 - Arts
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