Overview
What is Tennessee Valley Railroad Museum Inc?
Tennessee Valley Railroad Museum Inc, based in Chattanooga, Tennessee, serves as a nonprofit organization dedicated to preserving the historical significance of railroads within the Tennessee Valley. With a workforce of 161 individuals, they engage in various activities, such as operating a railroad museum, showcasing exhibits, organizing train excursions, and restoring railroad equipment. Their primary mission is to educate the public about the rich railroad heritage in the region, fostering a deeper appreciation for this important part of history. The museum provides an immersive experience, allowing visitors to explore and learn from the preserved railroad artifacts and equipment.
Official website here: www.tvrail.com/
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)**
The Tennessee Valley Railroad Museum Inc has earned a commendable rating of 84%, primarily reflecting its strong accountability and financial practices. Their score highlights positive elements such as a fully independent board, rigorous audit protocols, and effective management of assets, demonstrating a commitment to responsible stewardship of resources. However, the absence of several fundamental policies, such as conflict of interest and whistleblower policies, reveals areas where the organization could improve its governance framework.
The museum's program expense ratio stands at an impressive 85.39%, indicating that a significant portion of their funding is allocated directly to their core mission of preserving and promoting the heritage of railroading in the region. Despite the positive financial management indicators, prospective donors and supporters might note the lack of scoring for impact and measurement, and community engagement, which limits the assessment of the organization's effectiveness in achieving its mission.
Currently, user reviews from GreatNonprofits are not available, which means no additional sentiment analysis from the community can be provided. Overall, the Tennessee Valley Railroad Museum Inc presents itself as a financially stable organization with strengths in accountability but also with identified gaps in governance policies that warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is Tennessee Valley Railroad Museum Inc legitimate?
Tennessee Valley Railroad Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Valley 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: $1,024,444
For more financial information, click here
Official website here: www.tvrail.com/
What is the mission statement of Tennessee Valley Railroad Museum Inc?
The Tennessee Valley Railroad Museum Inc's mission is centered around preserving the historical significance of railroads in the Tennessee Valley. They strive to increase public awareness about this rich heritage. Through their operations, they run a railroad museum, offering exhibits, train excursions, and restoration of railroad equipment. Their primary goal is to educate and engage the public in the fascinating story of railroads.
Official website here: www.tvrail.com/
Who is the CEO of Tennessee Valley Railroad Museum Inc?
Tim Andrews is the President of Tennessee Valley Railroad Museum Inc.
Official website here: www.tvrail.com/
What is the revenue of Tennessee Valley Railroad Museum Inc?
Tennessee Valley Railroad Museum Inc's revenue in 2022 was $7,826,989.
Official website here: www.tvrail.com/
Who are the executives of Tennessee Valley Railroad Museum Inc and what are their salaries?
The average compensation at Tennessee Valley Railroad Museum Inc during 2022 was $6,363. There are 161 employees and 40 volunteers at Tennessee Valley Railroad Museum Inc.
Here are 7 key members and their salaries:
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Official website here: www.tvrail.com/
Where can I find the form 990 for Tennessee Valley Railroad Museum Inc?
Tennessee Valley Railroad Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tvrail.com/
Learn more at the official website: www.tvrail.com/
Mission Statement of Tennessee Valley Railroad Museum Inc
Tennessee Valley Railroad Museum Inc is dedicated to preserving the historical significance of railroads in the Tennessee Valley and increasing public awareness about this important aspect of the region's past. The organization achieves this mission through various activities, including operating a railroad museum, showcasing exhibits, offering train excursions, and restoring railroad equipment. By engaging visitors and the community in these experiences, Tennessee Valley Railroad Museum Inc aims to educate and inspire appreciation for the role of railroads in shaping the Tennessee Valley's history. By preserving and sharing this heritage, the museum contributes to a deeper understanding of the region's past and fosters a sense of connection to its roots.
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Impact
July, 2024
The Tennessee Valley Railroad Museum Inc has a significant impact on preserving railroad heritage and increasing public awareness of the historical significance of railroads in the Tennessee Valley. Through its museum operations, including exhibits, train excursions, and restoration of railroad equipment, the organization plays a crucial role in educating the community about this important aspect of history. By offering engaging experiences and opportunities for learning, the museum contributes to the enrichment of cultural knowledge and appreciation for the arts.
This information is meant to be a general summary of Tennessee Valley 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: -$14,861
- Program Service Revenue: $4,412,122
- Gross Receipts: $8,382,264
Assets and Liabilities:
- Total Assets: $16,477,731
- Total Liabilities: $6,933,210
- Net Assets: $9,544,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM OPERATIONS
Revenue
$4,412,122
Organization Details
Founding Year
1961
Phone
(423) 413-4331Principal Officer
Tim Andrews
Main Address
4119 CROMWELL ROAD, CHATTANOOGA, TN, 37421
Website
www.tvrail.com/NTEE Category
Code: A500 - Arts
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