Overview
What is Florida Railroad Museum Inc?
The Florida Railroad Museum Inc, situated in Parrish, Florida, is a distinguished nonprofit organization dedicated to the preservation and operation of historical Railroad equipment. With a primary focus on train excursions, this history museum plays a significant role in showcasing the rich heritage of rail transportation. The organization's mission is centered around preserving and exhibiting these historical artifacts, thus offering visitors an immersive and educational experience.
Official website here: www.frrm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Florida Railroad Museum Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The organization's score is bolstered by its excellent governance features, such as having a fully independent board and no material diversion of assets, which reflects responsible financial management.
The museum excels in maintaining transparency, as evidenced by its comprehensive document retention and its listing of board meeting minutes. Additionally, it showcases a commendable program expense ratio, allocating all its resources directly to its programs, which is a positive aspect for potential donors.
However, the organization does have a limitation, particularly in its lack of a whistleblower policy, which may raise concerns about internal governance practices. Despite this shortcoming, the overall financial health and accountability of Florida Railroad Museum Inc are notably strong, making it a reliable choice for those looking to support nonprofit initiatives in preserving railroad history.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Railroad Museum Inc legitimate?
Florida Railroad Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $407,116
For more financial information, click here
Official website here: www.frrm.org
What is the mission statement of Florida Railroad Museum Inc?
The Florida Railroad Museum Inc's primary focus is on preserving and showcasing historical Railroad equipment, with a strong emphasis on providing train excursions. As a history museum, its mission is dedicated to the conservation of railroad heritage. The organization aims to educate and entertain visitors by offering a unique and immersive experience into the past of rail transportation. By operating these excursions, the museum seeks to keep the history of railroads alive and engaging for the public. The Florida Railroad Museum Inc also contributes to the preservation of railroad culture and history, ensuring that future generations can appreciate and learn from this significant aspect of our past.
Official website here: www.frrm.org
Who is the CEO of Florida Railroad Museum Inc?
Patrick Masterson is the President of Florida Railroad Museum Inc.
Official website here: www.frrm.org
What is the revenue of Florida Railroad Museum Inc?
Florida Railroad Museum Inc's revenue in 2023 was $2,213,766.
Official website here: www.frrm.org
Who are the executives of Florida Railroad Museum Inc and what are their salaries?
The average compensation at Florida Railroad Museum Inc during 2023 was $12,722. There are 32 employees and 50 volunteers at Florida Railroad Museum Inc.
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Official website here: www.frrm.org
Where can I find the form 990 for Florida Railroad Museum Inc?
Florida Railroad Museum Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.frrm.org
Learn more at the official website: www.frrm.org
Mission Statement of Florida Railroad Museum Inc
The Florida Railroad Museum Inc is dedicated to preserving and showcasing historical railroad equipment, with a particular focus on train excursions. This organization, categorized under history museums, plays an essential role in maintaining and celebrating the rich heritage of railroads. By emphasizing train rides, the Florida Railroad Museum Inc aims to educate and entertain visitors, offering them a glimpse into the past while also creating a memorable experience. The museum's activities are designed to engage people in the history and significance of railroads, promoting an appreciation for this vital mode of transportation in our society's development.
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Impact
July, 2024
The Florida Railroad Museum Inc has a significant impact on preserving historical railroad equipment and promoting train excursions. Its mission to operate and preserve these valuable artifacts helps to educate the public about the history of railroads and transportation. By offering train excursions, the museum provides an interactive and engaging experience for visitors, allowing them to experience a piece of history firsthand. Additionally, the museum's emphasis on showcasing historical railroad equipment contributes to the cultural and historical significance of the region. Overall, the Florida Railroad Museum Inc plays a vital role in preserving and promoting the legacy of railroads in Florida.
This information is meant to be a general summary of Florida 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 2023.
- Investment Income: $40,378
- Program Service Revenue: $1,772,333
- Gross Receipts: $2,338,183
Assets and Liabilities:
- Total Assets: $4,031,196
- Total Liabilities: $949,744
- Net Assets: $3,081,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAIN FARES
Revenue
$1,755,457
DONATIONS
Revenue
$16,876
Organization Details
Founding Year
1982
Principal Officer
Patrick Masterson
Main Address
PO BOX 355, PARRISH, FL, 34219
Website
www.frrm.orgNTEE Category
Code: A540 - Arts
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