Overview
What is B&O Railroad Museum Inc?
B&O Railroad Museum Inc, located in Baltimore, Maryland, is a dedicated nonprofit organization that aims to preserve the physical legacy and experiential essence of American railroading. Their primary mission involves collecting, preserving, and interpreting historical railroad documents and data to deepen public appreciation for the railroad industry's role in shaping American life. The museum offers a variety of engaging activities, including regularly scheduled train rides, demonstrations of historic railroad equipment, and tours of their shop facility where visitors can witness craftsmen restoring historic locomotives. Additionally, the museum focuses on early childhood education and railroad culture, providing major public programs that cater to a wide audience. With a team of 83 dedicated individuals, B&O Railroad Museum Inc strives to present and promote the rich history of the railroad industry, particularly in Baltimore, Maryland, and the surrounding region.
Official website here: www.borail.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The B&O Railroad Museum Inc has achieved a remarkable Four-Star rating on Charity Navigator, indicating a high level of accountability and financial health. This score is primarily derived from their excellent performance in accountability and finance metrics, which reflect a strong commitment to transparency and effective management.
One of the organization's notable strengths is its governance structure, featuring 100% independent board members, ensuring unbiased oversight. Furthermore, the museum has demonstrated a robust financial standing, with 81.39% of expenses directed towards programs and an impressive fundraising efficiency ratio, highlighting their effective use of donor contributions.
While the museum exhibits strong financial and operational practices, the data does not indicate any specific limitations or concerns. Overall, the B&O Railroad Museum showcases an impressive commitment to its mission, backed by solid financial practices and a transparent governance model.
This AI summary has been generated from information found on Charity Navigator.
Is B&O Railroad Museum Inc legitimate?
B&O Railroad Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. B&O 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: $240,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,508,044
For more financial information, click here
Official website here: www.borail.org
What is the mission statement of B&O Railroad Museum Inc?
The B&O Railroad Museum Inc's mission is centered around preserving the physical legacy and experiential aspect of American railroading. They collect, preserve, and interpret historical railroad documents and data to enrich public understanding of the railroad industry's significance in American life. The museum offers regular train rides, demonstrations of historic railroading equipment, and tours of their shop facility, where visitors can witness the restoration of historic locomotives. They also develop programs aimed at broadening and deepening public appreciation of the railroad industry's past, present, and future influence. The museum has a particular focus on presenting this history to a wide audience, with a specific emphasis on Baltimore, Maryland, and the surrounding region.
Official website here: www.borail.org
Who is the CEO of B&O Railroad Museum Inc?
Kris Hoellen is the Chairman of B&O Railroad Museum Inc.
Official website here: www.borail.org
What is the revenue of B&O Railroad Museum Inc?
B&O Railroad Museum Inc's revenue in 2022 was $6,418,900.
Official website here: www.borail.org
Who are the executives of B&O Railroad Museum Inc and what are their salaries?
The average compensation at B&O Railroad Museum Inc during 2022 was $21,061. There are 83 employees and 63 volunteers at B&O Railroad Museum Inc.
Here are 36 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $234,985
- Related: $0
- Other: $18,456
- Compensation: $127,465
- Related: $0
- Other: $11,200
- Compensation: $128,070
- Related: $0
- Other: $10,108
- Compensation: $103,963
- Related: $0
- Other: $0
Official website here: www.borail.org
Where can I find the form 990 for B&O Railroad Museum Inc?
B&O Railroad Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.borail.org
Learn more at the official website: www.borail.org
Mission Statement of B&O Railroad Museum Inc
The B&O Railroad Museum Inc is committed to preserving both the physical remnants and the experiential essence of American railroading. This organization aims to collect, preserve, and interpret historical railroad documents and data, with a goal to educate the public about the past, present, and future significance of the railroad industry in shaping American life. The B&O Railroad Museum Inc offers a variety of programs that engage and enlighten audiences, including regularly scheduled train rides, demonstrations of historic railroad equipment, and tours of their restoration facility. By showcasing these elements, the museum broadens and deepens public appreciation for the railroad industry's impact on our nation's development. The museum's mission extends beyond the collection and preservation of artifacts, as it seeks to present these historical elements to a wide audience, fostering a deeper understanding and appreciation for the role of railroads in American life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The B&O Railroad Museum Inc's impact lies in its efforts to preserve the physical legacy and experience of American railroading. By collecting, preserving, and interpreting historical railroad documents and data, the museum plays a crucial role in presenting the history of the railroad industry to a wide audience. Through programs that include train rides, demonstrations of historic railroading equipment, and tours of their restoration shop facility, visitors can witness the active preservation of historic locomotives.
Furthermore, the museum offers public programs focused on early childhood education and railroad culture, aiming to deepen public appreciation of the significance of the railroad industry in the development of American life. By engaging with the community and emphasizing the historical importance of railroads, particularly in Baltimore, Maryland, and the surrounding region, the B&O Railroad Museum Inc contributes to the cultural enrichment and education of its visitors.
This information is meant to be a general summary of B&O 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: $509,807
- Program Service Revenue: $1,768,342
- Gross Receipts: $6,883,963
Assets and Liabilities:
- Total Assets: $28,054,083
- Total Liabilities: $1,737,343
- Net Assets: $26,316,740
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$1,768,342
Organization Details
Founding Year
1987
Phone
(410) 752-2490Principal Officer
Kris Hoellen
Main Address
901 WEST PRATT STREET, BALTIMORE, MD, 21223
Website
www.borail.orgNTEE Category
Code: A540 - Arts
If you are a representative of B&O Railroad Museum Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.