Overview
What is The Louisville & Nashville Historical Society Inc?
The Louisville & Nashville Historical Society Inc is a nonprofit organization situated in Louisville, Kentucky. Their primary mission is to delve into the history and technological aspects of the Louisville & Nashville Railroad, its predecessors, successors, and subsidiaries. This includes the Railroad's merger into the Seaboard System Railroad and subsequent mergers into other companies. To achieve this, they collect, preserve, and safeguard various historical artifacts, vestiges, and other items of interest. Their activities aim to educate the public about the Railroad's rich heritage through research and publication.
Official website here: www.lnrr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Louisville & Nashville Historical Society Inc has earned a commendable rating of 76%, reflecting a good level of accountability and financial health. The organization boasts a fully independent board, with all ten members meeting the standards for independence, and it has demonstrated effective management of its assets with no reported material diversion. The charity's program expense ratio is also strong, indicating that a significant portion of its expenses directly supports its mission.
However, there are some areas of concern within the organization's governance practices. Notably, the society lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, each of which received a score of zero. These omissions suggest potential vulnerabilities in oversight and transparency that could impact stakeholder trust.
Overall, while The Louisville & Nashville Historical Society Inc shows strong financial management and governance through its independent board and effective asset management, the lack of certain essential policies does highlight areas for improvement that could enhance its operational integrity and accountability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Louisville & Nashville Historical Society Inc legitimate?
The Louisville & Nashville Historical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Louisville & Nashville Historical Society 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.
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Official website here: www.lnrr.org
What is the mission statement of The Louisville & Nashville Historical Society Inc?
The Louisville & Nashville Historical Society Inc's mission is centered around the collection, preservation, and research of historical and technical artifacts related to the Louisville & Nashville Railroad and its affiliated companies. This includes its predecessors, successors, and subsidiaries, which were merged into various other companies over time. Their activities extend to the publication of this information for educational purposes, aiming to keep the history of the railroad alive and accessible for future generations.
Official website here: www.lnrr.org
What is the revenue of The Louisville & Nashville Historical Society Inc?
The Louisville & Nashville Historical Society Inc's revenue in 2023 was $50,685.
Official website here: www.lnrr.org
Who are the executives of The Louisville & Nashville Historical Society Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.lnrr.org
Where can I find the form 990 for The Louisville & Nashville Historical Society Inc?
The Louisville & Nashville Historical Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lnrr.org
Learn more at the official website: www.lnrr.org
Mission Statement of The Louisville & Nashville Historical Society Inc
The Louisville & Nashville Historical Society Inc is dedicated to the collection, preservation, and research of historical and technical artifacts related to the Louisville & Nashville Railroad, its predecessors, successors, and subsidiaries. This historic organization has a particular focus on the railroad's evolution, mergers into the Seaboard System Railroad and subsequent companies. Their mission extends beyond mere preservation, as they also engage in the publication of educational information about the Louisville & Nashville Railroad to enrich public understanding.
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Impact
August, 2024
The Louisville & Nashville Historical Society Inc has had a significant impact on the preservation and dissemination of information related to the Louisville & Nashville Railroad and its history. Through the collection and preservation of artifacts, vestiges, and other items of historical interest, the society ensures that the legacy of this important railroad is not forgotten. By engaging in research and publication activities, they educate the public about the history and significance of the Louisville & Nashville Railroad for educational purposes. Their work contributes to the appreciation of this railroad's role in shaping local and regional history, making a lasting impact on the cultural heritage of the community.
This information is meant to be a general summary of The Louisville & Nashville Historical Society 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: $9,135
- Program Service Revenue: $30,825
- Gross Receipts: $60,229
Assets and Liabilities:
- Total Assets: $373,003
- Total Liabilities: $1,587
- Net Assets: $371,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERS DUES
Revenue
$20,465
CONVENTION REGISTRATIONS
Revenue
$10,360
Organization Details
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