Overview
What is South Dakota State Railroad Museum Ltd?
The South Dakota State Railroad Museum Ltd, situated in Hill City, South Dakota, serves as an educational platform for people of all ages. Their mission is to impart a hands-on experience related to railroad history, aiming to enlighten the public about the significant role railways have played in the state's past. Operating with a staff of just two individuals, this nonprofit organization provides a unique opportunity to delve into the rich history of South Dakota's railways, fostering an appreciation for this critical aspect of the state's heritage.
Official website here: www.sdsrm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The South Dakota State Railroad Museum Ltd has achieved a solid score of 83%, indicating good performance in accountability and finance. This rating reflects that the organization adheres to high standards in managing its financial resources, with a notable program expense ratio of 100%, meaning all funds are directed towards its mission-driven programs. The museum has a fully independent board, which is a strong indicator of governance quality.
Key strengths include a complete board of independent members and a favorable liabilities to assets ratio of only 0.69%. Such metrics suggest that the organization is financially stable and well-managed. However, there are some limitations, such as the absence of a whistleblower policy and a document retention policy. These gaps may raise concerns regarding transparency and governance practices.
Overall, while the museum demonstrates impressive accountability measures, addressing the noted policy deficiencies could enhance its operational integrity and stakeholder trust. Nonetheless, the organization's commitment to its mission is clearly reflected in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is South Dakota State Railroad Museum Ltd legitimate?
South Dakota State Railroad Museum Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Dakota State Railroad Museum Ltd 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: $44,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,910
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Official website here: www.sdsrm.org
What is the mission statement of South Dakota State Railroad Museum Ltd?
The South Dakota State Railroad Museum Ltd is committed to offering a hands-on learning experience for people of all ages, aiming to educate and inform the public about the significant role railroads played in the state's history. By providing this immersive experience, the museum aims to foster a deeper understanding and appreciation of South Dakota's railroad heritage. The museum's mission is centered around promoting historical knowledge and preserving the legacy of railroads in the state's past.
Official website here: www.sdsrm.org
Who is the CEO of South Dakota State Railroad Museum Ltd?
Lesta Turchen is the Director of South Dakota State Railroad Museum Ltd.
Official website here: www.sdsrm.org
What is the revenue of South Dakota State Railroad Museum Ltd?
South Dakota State Railroad Museum Ltd's revenue in 2022 was $141,385.
Official website here: www.sdsrm.org
Who are the executives of South Dakota State Railroad Museum Ltd and what are their salaries?
The average compensation at South Dakota State Railroad Museum Ltd during 2022 was $28,232. There are 2 employees at South Dakota State Railroad Museum Ltd.
Here are 8 key members and their salaries:
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Official website here: www.sdsrm.org
Where can I find the form 990 for South Dakota State Railroad Museum Ltd?
South Dakota State Railroad Museum Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sdsrm.org
Learn more at the official website: www.sdsrm.org
Mission Statement of South Dakota State Railroad Museum Ltd
The South Dakota State Railroad Museum Ltd is dedicated to educating and informing the public about the significant role railroads have played in the state's history. Through a hands-on approach, this nonprofit organization aims to engage citizens of all ages, offering them a unique insight into the past. By providing this immersive experience, the South Dakota State Railroad Museum Ltd seeks to instill a deeper appreciation for the railroad's influence on the state's development.
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Impact
October, 2024
The South Dakota State Railroad Museum Ltd impacts the community by offering an engaging, hands-on approach to railroad history for individuals and families. It serves as an educational resource, illuminating the significant role that railroads played in the development and growth of South Dakota. By providing interactive experiences, the museum fosters a deeper appreciation for the state’s historical narrative, allowing visitors of all ages to connect with the past in a meaningful way. Through its initiatives, the museum enriches the cultural landscape of Hill City and contributes to a greater understanding of the importance of railroads in shaping the region's history.
This information is meant to be a general summary of South Dakota State Railroad Museum Ltd. 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: $100
- Program Service Revenue: $54,152
- Gross Receipts: $144,190
Assets and Liabilities:
- Total Assets: $267,745
- Total Liabilities: $2,477
- Net Assets: $265,268
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Museum admissions
Revenue
$54,152
Organization Details
Founding Year
1994
Phone
(605) 574-9000Principal Officer
Lesta Turchen
Main Address
PO Box 1070, Hill City, SD, 57745
Website
www.sdsrm.orgNTEE Category
Code: A54 - Arts
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