Overview
What is National Railroad Museum Inc?
The National Railroad Museum Inc, established in 1956, is a nonprofit organization dedicated to preserving and celebrating the American railroad heritage. They achieve this mission by adhering to established museum practices, hosting a variety of educational programs, strategically collecting artifacts, and creating captivating exhibits that interpret railroad-related topics. The museum provides engaging experiences for both on-site and off-campus visitors, aiming to enrich the lives of others by sharing the significant role of railroads in American life.
Official website here: www.nationalrrmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
The National Railroad Museum Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The overall score is based entirely on the organization's accountability and finance metrics, where it scored an impressive 96%. This high rating signifies that the museum operates with transparency and responsible fiscal practices.
One of the standout features of the museum's governance is its board composition, with 90% of its members being independent, ensuring unbiased oversight. Additionally, the organization has demonstrated robust financial health, evidenced by a low liabilities-to-assets ratio of 12.68% and a program expense ratio of 76.66%, indicating that a significant portion of its funds is directed towards its mission-driven activities.
While the organization has showcased strong policies around conflict of interest and whistleblower protections, it remains essential for potential donors and supporters to continue monitoring how these practices translate into impactful programming. Overall, the National Railroad Museum Inc presents itself as a solid choice for those looking to support a nonprofit with a strong ethical framework and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is National Railroad Museum Inc legitimate?
National Railroad Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Railroad 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:
Executive Compensation: $91,693
Professional Fundraising Fees: $74,604
Other Salaries and Wages: $729,542
For more financial information, click here
Official website here: www.nationalrrmuseum.org
What is the mission statement of National Railroad Museum Inc?
The National Railroad Museum Inc, established in 1956, endeavors to promote an understanding of railroading's impact on American life. They achieve this mission by adhering to established museum practices, organizing ongoing programs for both on-site and remote visitors, strategically collecting artifacts, creating intriguing and interactive exhibits, and interpreting railroad-related topics. The museum's primary objective is to enrich people's lives through the American railroad experience, delivered through engaging exhibits, programs, and special events.
Official website here: www.nationalrrmuseum.org
Who is the CEO of National Railroad Museum Inc?
David J Ward is the President of National Railroad Museum Inc. The CEO's salary of National Railroad Museum Inc is $91,693 and their total compensation is $91,693.
Official website here: www.nationalrrmuseum.org
What is the revenue of National Railroad Museum Inc?
National Railroad Museum Inc's revenue in 2022 was $2,275,275.
Official website here: www.nationalrrmuseum.org
Who are the executives of National Railroad Museum Inc and what are their salaries?
The average compensation at National Railroad Museum Inc during 2022 was $26,491. There are 31 employees and 125 volunteers at National Railroad Museum Inc.
Here are 11 key members and their salaries (National Railroad Museum Inc's CEO's salary is $91,693 and their total compensation is $91,693):
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Official website here: www.nationalrrmuseum.org
Where can I find the form 990 for National Railroad Museum Inc?
National Railroad Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalrrmuseum.org
Learn more at the official website: www.nationalrrmuseum.org
Mission Statement of National Railroad Museum Inc
The National Railroad Museum, Inc. is dedicated to fostering an understanding of railroading's significant role in American life. They achieve this mission by adhering to established museum practices, providing ongoing programs for both on-campus and off-campus visitors, strategically collecting artifacts, creating interesting and engaging exhibits, and interpreting railroad-related topics. Established in 1956, this institution has been enriching lives by offering the American railroad experience through its exhibits, programs, and special events. The National Railroad Museum's mission is to educate and captivate visitors, allowing them to appreciate the impact of railroads on American culture and history.
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Impact
July, 2024
The National Railroad Museum Inc, based in Green Bay, Wisconsin, has been enriching lives since 1956 by offering the American railroad experience through engaging exhibits, programs, and special events. By fostering an understanding of railroading and its significance to American life, the museum plays a vital role in preserving and interpreting railroad-related topics for visitors both on and off-campus. Through strategic artifact collection and the presentation of interesting exhibits, the National Railroad Museum Inc contributes to the preservation of this important aspect of American history and culture.
This information is meant to be a general summary of National Railroad 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: $19,992
- Program Service Revenue: $726,246
- Gross Receipts: $2,725,649
Assets and Liabilities:
- Total Assets: $10,962,435
- Total Liabilities: $1,390,655
- Net Assets: $9,571,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$374,384
ADMISSIONS
Revenue
$305,445
MUSEUM PROGRAMS
Revenue
$46,417
Organization Details
Founding Year
1958
Phone
(920) 437-7623Principal Officer
David J Ward
Main Address
2285 SOUTH BROADWAY, GREEN BAY, WI, 54304
Website
www.nationalrrmuseum.orgNTEE Category
Code: A50 - Arts
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