Overview
What is Railroading Heritage Of Midwest America Inc?
Railroading Heritage Of Midwest America Inc, commonly known as Friends of the 261, is a nonprofit organization situated in Inver Grove Heights, Minnesota. Their primary mission revolves around fostering public comprehension of Midwest railroad history. They accomplish this by preserving, restoring, operating, and interpreting historic locomotives and rail cars. This includes maintaining a collection of vintage locomotives and rolling stock, such as Skytop and Superdome, and offering public excursions, such as the Windy-City Express. Throughout the year, they organize scenic tours around the Midwest and beyond, allowing hundreds of individuals to witness these beautifully restored historical vehicles. The organization's dedication to their mission attracted thousands of visitors, providing an enriching experience that showcases the rich rail history of the Midwest. With a team of 9 dedicated employees, Railroading Heritage Of Midwest America Inc continues to spread awareness and passion for railroad heritage.
Official website here: www.261.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)**
Railroading Heritage Of Midwest America Inc has received a three-star rating from Charity Navigator, reflecting an overall score based solely on its Accountability & Finance score of 80. This rating indicates a solid commitment to financial health and transparency, with strengths in board independence and the absence of material diversion of assets. However, several key governance policies, such as conflict of interest and whistleblower protections, are missing, which may raise concerns regarding its operational safeguards.
The organization demonstrates strong financial practices, as evidenced by its high program expense ratio of 95.59%, suggesting that a significant portion of its funding is directed toward its mission-related activities rather than administrative costs. The liabilities to assets ratio stands impressively low at 2.73%, indicating robust financial stability. Nonetheless, the fundraising efficiency ratio is notably concerning at $0.002, pointing to potential challenges in attracting donations effectively.
User reviews from GreatNonprofits could not be fetched. As a result, no community feedback is available to provide additional insight into the organization’s impact or its perception in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Railroading Heritage Of Midwest America Inc legitimate?
Railroading Heritage Of Midwest America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Railroading Heritage Of Midwest America 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: $198,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,215
For more financial information, click here
Official website here: www.261.com
What is the mission statement of Railroading Heritage Of Midwest America Inc?
Railroading Heritage Of Midwest America Inc's mission is centered around promoting public understanding of railroading history in the Midwest. They achieve this by preserving, restoring, operating, and interpreting historic locomotives and rail cars. The organization's activities include maintaining and displaying historic rail vehicles, conducting public excursions with beautifully restored locomotives, and offering scenic trips around the Midwest and across the United States. Thousands of people have been able to observe these historic locomotives and rail cars during their excursions, providing a unique opportunity to learn about the past of railroading.
Official website here: www.261.com
Who is the CEO of Railroading Heritage Of Midwest America Inc?
Steve Sandberg is the President of Railroading Heritage Of Midwest America Inc.
Official website here: www.261.com
What is the revenue of Railroading Heritage Of Midwest America Inc?
Railroading Heritage Of Midwest America Inc's revenue in 2022 was $9,819,014.
Official website here: www.261.com
Who are the executives of Railroading Heritage Of Midwest America Inc and what are their salaries?
The average compensation at Railroading Heritage Of Midwest America Inc during 2022 was $41,699. There are 9 employees and 60 volunteers at Railroading Heritage Of Midwest America Inc.
Here are 6 key members and their salaries:
- Compensation: $146,640
- Related: $0
- Other: $0
- Compensation: $48,726
- Related: $0
- Other: $0
- Compensation: $2,712
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.261.com
Where can I find the form 990 for Railroading Heritage Of Midwest America Inc?
Railroading Heritage Of Midwest America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.261.com
Learn more at the official website: www.261.com
Mission Statement of Railroading Heritage Of Midwest America Inc
Railroading Heritage of Midwest America Inc, in its mission, aims to foster public understanding of the historical significance of railroading in the Midwest. The organization achieves this by preserving, restoring, operating, and interpreting historic locomotives and rail cars. By doing so, they provide an immersive experience that allows people to connect with the past, gaining insights into the evolution of railroading in the Midwest.
In practice, RHMA preserves and maintains historic locomotives and rolling stock, ensuring these valuable artifacts are well-maintained and available for public viewing. They also offer scenic excursions around the Midwest and beyond, such as the Windy-City Express, which took passengers from St. Paul to Chicago. During these excursions, travelers could observe beautifully restored historic locomotives and rail cars, adding an authentic touch to their journey.
In summary, Railroading Heritage of Midwest America Inc serves as a guardian of railroad history, preserving and sharing its rich past with the public. Through their efforts, individuals can appreciate the evolution of railroading in the Midwest and gain a deeper understanding of this significant transportation era.
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Impact
July, 2024
Railroading Heritage Of Midwest America Inc has made a significant impact by promoting public understanding of the history of railroading in the Midwest through the preservation, restoration, operation, and interpretation of historic locomotives and rail cars. The organization has successfully preserved, maintained, and displayed historic locomotives and rolling stock, attracting hundreds of visitors to its permanent home site in Minneapolis. Additionally, RHMA has offered scenic excursions around the Midwest and the United States, including popular "Windy-City Express" roundtrips from St. Paul to Chicago, drawing thousands of attendees. Through these efforts, the organization has brought attention to beautifully restored historic locomotives, coaches, and other rail cars, enhancing public appreciation for this aspect of arts and transportation history.
This information is meant to be a general summary of Railroading Heritage Of Midwest America 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: $2,368
- Program Service Revenue: $2,258,333
- Gross Receipts: $9,819,014
Assets and Liabilities:
- Total Assets: $10,840,038
- Total Liabilities: $803,353
- Net Assets: $10,036,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LABOR AND SERVICE REVENUE
Revenue
$756,448
EXCURSION TICKET SALES
Revenue
$692,891
CHARTER INCOME
Revenue
$572,670
STORAGE FEES
Revenue
$100,578
COACH RENTAL
Revenue
$81,445
Organization Details
Founding Year
1991
Phone
(612) 860-3678Principal Officer
Steve Sandberg
Main Address
11686 AZURE LANE, INVER GROVE HEIGHTS, MN, 55077
Website
www.261.comNTEE Category
Code: A85A - Arts
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