Overview
What is Monticello Railway Museum Inc?
Monticello Railway Museum Inc, located in Monticello, Illinois, is a dedicated nonprofit organization. Their primary mission is to preserve and showcase historical railway equipment and tracks, ensuring a secure environment for the public's enjoyment. They accomplish this through the acquisition, repair, replacement, and restoration of necessary equipment. The museum's mission is to offer an engaging and secure experience for the general public, allowing them to delve into the history of railways.
Official website here: www.mrym.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Monticello Railway Museum Inc has achieved a commendable 96% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has a full score in several key areas, including independent board membership and financial oversight, which indicates a high level of governance and transparency. The museum's financial practices are robust, with a program expense ratio of 88.14%, signifying that the majority of its funds are directed towards its mission-related activities.
The museum benefits from an entirely independent board of directors, further enhancing its credibility and trustworthiness. Policies regarding conflict of interest, whistleblowing, and document retention are well-established, which contributes to a culture of accountability. Additionally, there is no indication of any material diversion of assets, underscoring the integrity of its operations and financial management.
Overall, Monticello Railway Museum Inc demonstrates many strengths in its financial health and governance practices. However, as with any organization, ongoing vigilance in maintaining these standards is essential for continued trust and support from its community and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Monticello Railway Museum Inc?
92% of 686 reviewers on Facebook recommend Monticello Railway Museum Inc. Here is a summary of their reviews:
Visitors express great enthusiasm for the variety of historic railway equipment showcased at the museum. Many have highlighted the enjoyment of sharing the experience with friends and family, noting that it's a perfect outing for those interested in trains and history.
Overall, it appears that the museum successfully delivers an engaging and enjoyable experience for its guests, with many expressing a desire to return and explore more of what the museum has to offer.
This AI summary has been generated from reviews found on Facebook.
Is Monticello Railway Museum Inc legitimate?
Monticello Railway Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monticello Railway Museum 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:
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For more financial information, click here
Official website here: www.mrym.org
What is the mission statement of Monticello Railway Museum Inc?
The Monticello Railway Museum Inc's mission is centered around the acquisition, repair, replacement, and restoration of railway equipment and tracks. The primary aim is to create a secure environment where the general public can enjoy the museum's displays. This preservation and maintenance work contribute to showcasing the historical significance of railway transportation, thereby providing an educational and enjoyable experience for visitors.
Official website here: www.mrym.org
Who is the CEO of Monticello Railway Museum Inc?
John Sciutto is the Current Pre of Monticello Railway Museum Inc.
Official website here: www.mrym.org
What is the revenue of Monticello Railway Museum Inc?
Monticello Railway Museum Inc's revenue in 2022 was $1,474,335.
Official website here: www.mrym.org
Who are the executives of Monticello Railway Museum Inc and what are their salaries?
There 14 volunteers at Monticello Railway Museum Inc.
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Official website here: www.mrym.org
Where can I find the form 990 for Monticello Railway Museum Inc?
Monticello Railway Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrym.org
Learn more at the official website: www.mrym.org
Mission Statement of Monticello Railway Museum Inc
Monticello Railway Museum Inc is dedicated to procuring, repairing, replacing, and restoring equipment and tracks to create a secure environment where the public can appreciate and enjoy the museum. Through this mission, the organization ensures the preservation and display of historical railroad assets, providing a captivating and safe experience for visitors. The primary goal of Monticello Railway Museum Inc is to meticulously maintain and restore its collection, ensuring that each piece of equipment is in pristine condition for public enjoyment.
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Impact
July, 2024
Monticello Railway Museum Inc's impact lies in the preservation and restoration of railway equipment and track as a means to create a safe and engaging environment for the general public to enjoy. Through their dedicated efforts in acquiring, repairing, replacing, and restoring historical artifacts, the museum not only safeguards a significant part of transportation history but also provides a unique and educational experience for visitors. Their commitment to maintaining a safe environment while showcasing this cultural heritage enriches the community and contributes to the appreciation of the arts in Monticello, Illinois.
This information is meant to be a general summary of Monticello Railway Museum 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: $86,703
- Program Service Revenue: $932,166
- Gross Receipts: $1,778,589
Assets and Liabilities:
- Total Assets: $7,555,745
- Total Liabilities: $338,484
- Net Assets: $7,217,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAIN RIDES
Revenue
$929,102
PRIVATE CAR FEES
Revenue
$3,064
Organization Details
Founding Year
1966
Phone
(217) 369-5132Principal Officer
John Sciutto
Main Address
PO BOX 401, MONTICELLO, IL, 61856
Website
www.mrym.orgNTEE Category
Code: A540 - Arts
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