Overview
What is Beach Park Railway?
Beach Park Railway is a nonprofit organization situated in Avon Lake, Ohio, specifically at 33479 Lake Road. Their primary mission is to protect and display artifacts related to the Lake Shore Electric Railway in a museum and workshop setting. The nonprofit, established with charitable, religious, and scientific purposes, aims to preserve the historical legacy of the Lake Shore Electric Railway, providing an educational and engaging experience for the public.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34% (Zero-Star out of Four Star rating)
Beach Park Railway has received a low rating of 34% from Charity Navigator, reflecting significant concerns regarding its financial accountability and governance. The organization lacks independent board members, which may impact its oversight and decision-making processes. While some policies such as conflict of interest and whistleblower protections are in place, the absence of independent governance raises questions about organizational transparency.
On the financial side, Beach Park Railway shows a concerning liability to assets ratio of 1.53%, indicating that its liabilities significantly outweigh its assets. Furthermore, the program expense ratio is marked at 0.00%, suggesting that the organization may not be effectively utilizing its resources towards its intended charitable programs. This raises alarms about its operational efficiency and overall mission impact.
Despite these challenges, Beach Park Railway has received full points in certain areas, such as having a whistleblower policy and adequately documenting board meeting minutes. However, the overall financial and governance issues highlighted in the rating suggest potential risks for donors and stakeholders considering engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Beach Park Railway legitimate?
Beach Park Railway is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beach Park Railway 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Beach Park Railway?
The Beach Park Railway, established for charitable, religious, and scientific purposes, is primarily dedicated to preserving the history of the Lake Shore Electric Railway. This preservation is carried out in a museum and workshop setting, where artifacts from the railway are collected, conserved, and displayed for public viewing. The organization's mission is to make these historical pieces accessible and educate the public about the Lake Shore Electric Railway's heritage.
Who is the CEO of Beach Park Railway?
Dennis Lamont is the President of Beach Park Railway.
What is the revenue of Beach Park Railway?
Beach Park Railway's revenue in 2022 was $63,951.
Who are the executives of Beach Park Railway and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beach Park Railway?
Beach Park Railway's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beach Park Railway
Beach Park Railway, a nonprofit organization, is dedicated to serving charitable, religious, and scientific purposes, with a specific focus on preserving the history of the Lake Shore Electric Railway. The mission of Beach Park Railway involves collecting, preserving, and showcasing artifacts related to this historic railway in a museum and workshop setting, making them accessible to the public. By doing so, this nonprofit seeks to educate and engage the community in the rich history of the Lake Shore Electric Railway, ensuring its legacy lives on.
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Impact
August, 2024
Beach Park Railway's impact lies in its dedication to preserving the history of the Lake Shore Electric Railway through a museum and workshop setting in Avon Lake, Ohio. By collecting, preserving, and exhibiting artifacts from the railway, the organization serves the public by offering insight into this historical transportation system. Through its activities, Beach Park Railway contributes to the preservation and dissemination of knowledge about the Lake Shore Electric Railway, enriching the community's understanding of local history and transportation heritage.
This information is meant to be a general summary of Beach Park Railway. 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
- Gross Receipts: $63,951
Assets and Liabilities:
- Total Assets: $618,025
- Total Liabilities: $5,000
- Net Assets: $613,025
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Organization Details
Founding Year
2014
Principal Officer
Dennis Lamont
Main Address
33479 LAKE RD, AVON LAKE, OH, 44012
NTEE Category
Code: A50 - Arts
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