Overview
What is Colorado Railroad Historical Foundation Inc?
Colorado Railroad Historical Foundation Inc is a dedicated nonprofit organization based in Golden, Colorado. Their primary mission is to preserve and disseminate the rich railroad heritage of Colorado and the Rocky Mountain region. They achieve this by acquiring, conserving, and exhibiting an extensive collection of historic locomotives, passenger and freight cars, as well as related art, documents, and archival materials. The foundation's research library, recognized for its in-depth knowledge about western railroads, attracts authors and historians seeking timetables, payroll records, and photographs. The Colorado Railroad Museum, a division of the foundation, is renowned for its scholarly books and pamphlets on Colorado's railroads and its top-tier status among Denver attractions. The organization is committed to conservation and restoration of its full-size rail vehicle collection, enhancing visitors' experiences and fostering historical learning. In 2022, major repairs to various historic rail vehicles were completed, including the iconic Denver & Rio Grande Western Steam Locomotive No. 491.
Official website here: www.coloradorailroadmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Colorado Railroad Historical Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in the areas of accountability and finance. With a perfect score in several key metrics, including the oversight of financial statements and the independence of board members, the organization demonstrates a high level of transparency and responsible management of resources.
Strengths of the foundation include its commitment to accountability, as evidenced by the absence of any material diversion of assets and a solid program expense ratio of 81.89%. This indicates that the majority of its funds are being directed towards its mission and programs, showing effective use of donations. The organization also has robust policies in place for conflict of interest and whistleblower protections, further emphasizing its dedication to ethical governance.
While the rating reflects significant strengths, it is essential for potential donors and supporters to consider the organization's specific programs and impact within the community. Overall, the foundation stands out for its sound financial practices and governance, making it a trustworthy option for those looking to support historical preservation efforts in the railroad sector.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Railroad Historical Foundation Inc legitimate?
Colorado Railroad Historical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Railroad Historical Foundation 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: $115,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $750,871
For more financial information, click here
Official website here: www.coloradorailroadmuseum.org
What is the mission statement of Colorado Railroad Historical Foundation Inc?
The Colorado Railroad Historical Foundation Inc's mission is centered around preserving and conveying the rich history of railroading in the Rocky Mountain region. They accomplish this through the acquisition, research, exhibition, and education of locomotives, cars, artifacts, and records related to Colorado railroads. The foundation seeks to share this heritage with a wide audience in an interactive and three-dimensional manner, preserving important historical artifacts, artwork, and documents. They offer interpretive and educational programs to the community and have an extensive library of railroad-related materials, recognized for its in-depth knowledge of western railroads. Since 1961, they have published numerous scholarly books and pamphlets on the railroads of Colorado, recognized internationally by historians. The Colorado Railroad Museum continues to focus on the conservation and restoration of its full-size rail vehicle collection, ensuring that visitors can view and sometimes ride painstakingly restored railroad artifacts, bringing history to life.
Official website here: www.coloradorailroadmuseum.org
Who is the CEO of Colorado Railroad Historical Foundation Inc?
Paul Hammond is the Executive Director of Colorado Railroad Historical Foundation Inc.
Official website here: www.coloradorailroadmuseum.org
What is the revenue of Colorado Railroad Historical Foundation Inc?
Colorado Railroad Historical Foundation Inc's revenue in 2022 was $4,316,138.
Official website here: www.coloradorailroadmuseum.org
Who are the executives of Colorado Railroad Historical Foundation Inc and what are their salaries?
The average compensation at Colorado Railroad Historical Foundation Inc during 2022 was $36,084. There are 24 employees and 342 volunteers at Colorado Railroad Historical Foundation Inc.
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Official website here: www.coloradorailroadmuseum.org
Where can I find the form 990 for Colorado Railroad Historical Foundation Inc?
Colorado Railroad Historical Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coloradorailroadmuseum.org
Learn more at the official website: www.coloradorailroadmuseum.org
Mission Statement of Colorado Railroad Historical Foundation Inc
The Colorado Railroad Historical Foundation Inc is dedicated to preserving and showcasing the rich history of railroading in the Rocky Mountain region. Their mission is twofold: to acquire, preserve, and exhibit locomotives, cars, artifacts, and records related to Colorado's railroads, and to convey this history to a wide audience in an interactive and educational manner. The foundation achieves this by systematically amassing a collection of over 100 historic railroad locomotives and cars dating from 1879 to the present, managing one of the largest archives of railroad print, photographic, and research materials in the United States, and offering engaging interpretive and educational programs to the community. The foundation's research library, recognized for its in-depth knowledge of western railroads and their lines, is a valuable resource for historians and authors. The Colorado Railroad Museum has been ranked among the top attractions in the Denver area and has published numerous scholarly books and pamphlets on railroads, earning international recognition from historians. The foundation also focuses on conservation and restoration of its full-size rail vehicle collection, ensuring that visitors can experience and learn from painstakingly restored railroad artifacts.
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Impact
July, 2024
The Colorado Railroad Historical Foundation Inc has made a significant impact by acquiring, preserving, and exhibiting locomotives, cars, artifacts, and records related to Colorado railroads. Through its museum in Golden, Colorado, the organization is dedicated to sharing Colorado's rich railroad heritage with a wide audience in a hands-on and three-dimensional fashion.
The museum's collection of over 100 historic railroad locomotives, passenger, and freight cars, dating from 1879 to the present, along with one of the largest archives of railroad print, photographic, and research materials in the United States, showcases the history and evolution of railroads in the region. This extensive collection allows visitors to explore and learn about the impact of railroads on the development of Colorado and the Rocky Mountain region.
Additionally, the foundation's research library, which is recognized as the second-largest of its kind, serves as a valuable resource for historians, authors, and researchers interested in western railroads and their lines. The publication of scholarly books and pamphlets on the railroads of Colorado and the West has further contributed to the preservation and dissemination of knowledge about the region's railroad history.
Furthermore, the ongoing conservation and restoration efforts on the full-size rail vehicle collection ensure that visitors can view and sometimes ride meticulously restored railroad artifacts, bringing history to life and inspiring curiosity about the transformative role of railroads in shaping Colorado, the nation, and the world. Major repairs completed on vintage steam locomotives and renovation projects on historic railroad cars demonstrate the organization's commitment to maintaining these important pieces of history for future generations to appreciate.
In summary, the Colorado Railroad Historical Foundation Inc's impact lies in its dedication to preserving and conveying the rich history of railroading in the Rocky Mountain region through acquisition, research, exhibition, and education, making it a significant cultural and educational asset in the state of Colorado.
This information is meant to be a general summary of Colorado Railroad Historical Foundation 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: $145,894
- Program Service Revenue: $2,146,499
- Gross Receipts: $4,545,244
Assets and Liabilities:
- Total Assets: $12,236,604
- Total Liabilities: $539,389
- Net Assets: $11,697,215
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EXHIBITS
Revenue
$1,580,274
ADMISSIONS
Revenue
$452,266
MEMBERSHIPS
Revenue
$113,537
Organization Details
Founding Year
1964
Phone
(303) 279-4591Principal Officer
Paul Hammond
Main Address
PO BOX 10, GOLDEN, CO, 80401
NTEE Category
Code: A540 - Arts
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