Overview
What is Michigan State Trust For Railway Pr?
Michigan State Trust for Railway Pr, operating under the name Steam Railroad Institute, is a nonprofit organization based in Owosso, Michigan. Their primary mission is to preserve, exhibit, and maintain steam locomotives and related railroad rolling stock. This preservation endeavor aims to safeguard the knowledge, skills, and technology involved in the maintenance and operation of these historic machines. The organization strives to educate the public on the significant impact that these steam locomotives had on the economic development of Owosso and the Great Lakes region. With a team of 16 dedicated individuals, they keep their equipment operational for educational purposes, exhibitions, and seminars.
Official website here: www.michigansteamtrain.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Michigan State Trust for Railway Preservation has received a two-star rating from Charity Navigator, indicating that while the organization exhibits strong accountability and financial performance, it still requires improvements in governance practices. The charity excels with a perfect score in key areas such as accountability and finance, showing a commitment to responsible financial management and board independence.
The organization has a fully independent board, and it maintains a high program expense ratio of 89.30%, meaning that a significant portion of its funds directly supports its mission. However, certain governance policies are lacking, notably the absence of a whistleblower policy and a document retention policy, which have negatively impacted its overall rating.
While the charity demonstrates solid performance in financial aspects and board independence, addressing its governance shortcomings could enhance its operations and public trust. As it stands, stakeholders should be aware of these areas for improvement while considering their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan State Trust For Railway Pr legitimate?
Michigan State Trust For Railway Pr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan State Trust For Railway Pr 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: $63,517
Professional Fundraising Fees: $0
Other Salaries and Wages: $300,633
For more financial information, click here
Official website here: www.michigansteamtrain.com
What is the mission statement of Michigan State Trust For Railway Pr?
The Michigan State Trust for Railway Preservation aims to preserve the knowledge, skills, and technology associated with the maintenance and operation of steam locomotives. Their mission is also to educate the public about the significant impact these machines had on the economic development of specific regions, such as Owosso and the Great Lakes region. They accomplish this by preserving, exhibiting, and maintaining steam locomotives and related railroad rolling stock. These preserved items are maintained in operational status for educational purposes, exhibitions, and seminars.
Official website here: www.michigansteamtrain.com
Who is the CEO of Michigan State Trust For Railway Pr?
Dean Pyers is the Ex. Dir. (Ap of Michigan State Trust For Railway Pr.
Official website here: www.michigansteamtrain.com
What is the revenue of Michigan State Trust For Railway Pr?
Michigan State Trust For Railway Pr's revenue in 2022 was $1,488,275.
Official website here: www.michigansteamtrain.com
Who are the executives of Michigan State Trust For Railway Pr and what are their salaries?
The average compensation at Michigan State Trust For Railway Pr during 2022 was $22,759. There are 16 employees and 100 volunteers at Michigan State Trust For Railway Pr.
Here are 11 key members and their salaries:
- Compensation: $39,389
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- Other: $0
- Compensation: $24,128
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.michigansteamtrain.com
Where can I find the form 990 for Michigan State Trust For Railway Pr?
Michigan State Trust For Railway Pr's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michigansteamtrain.com
Learn more at the official website: www.michigansteamtrain.com
Mission Statement of Michigan State Trust For Railway Pr
The Michigan State Trust for Railway Preservation is dedicated to safeguarding the knowledge, skills, and technology associated with the maintenance and operation of steam locomotives. By doing so, this organization aims to educate the public about the significant impact these machines had on the economic development of locations such as Owosso and the Great Lakes region. To accomplish this mission, the Michigan State Trust for Railway Preservation engages in preserving, exhibiting, and maintaining steam locomotives and related railroad rolling stock. They ensure that the historical equipment remains operational for educational, exhibition, and seminar purposes. This commitment allows the organization to share the rich history and influence of steam locomotives with a wider audience, fostering a deeper understanding of their role in shaping the past and shaping the present.
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Impact
July, 2024
The Michigan State Trust for Railway Preservation has a significant impact on preserving the knowledge, skills, and technology involved in the maintenance and operation of steam locomotives. By maintaining and exhibiting steam locomotives and related railroad rolling stock, the organization helps educate the public about the historical and economic impact of these machines on Owosso and the Great Lakes region. Additionally, by keeping historic equipment in operational status for education, exhibitions, and seminars, the Trust plays a vital role in ensuring that this important aspect of transportation history is not forgotten.
This information is meant to be a general summary of Michigan State Trust For Railway Pr. 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: -$8,805
- Program Service Revenue: $1,202,049
- Gross Receipts: $1,532,997
Assets and Liabilities:
- Total Assets: $5,769,490
- Total Liabilities: $221,102
- Net Assets: $5,548,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXCURSIONS AND TOURS
Revenue
$1,202,049
Organization Details
Founding Year
1980
Phone
(989) 725-9464Principal Officer
Dean Pyers
Main Address
PO BOX 665, OWOSSO, MI, 48867
Website
www.michigansteamtrain.comNTEE Category
Code: A82Z - Arts
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