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Illinois Railway Museum Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 366108196 ✦ Union, IL ✦ Designated as a 501(c)(3)

Overview

What is Illinois Railway Museum Inc?

The Illinois Railway Museum Inc, located in Union, Illinois, is a dedicated nonprofit organization with a mission to educate the public about the significant role of railroads in the development of the country. Their activities primarily involve the public display and operation of their extensive collection of railroad equipment and memorabilia, such as electric cars, diesel, steam, and trolley buses. This educational endeavor includes restoring and maintaining the collection, as well as preserving the site. The museum attracts an annual attendance of approximately 66,000 people. With a workforce of 40 employees, the Illinois Railway Museum Inc strives to share the rich history of railroads and railways with the public through demonstrations, exhibitions, and a comprehensive reference library.


Official website here: www.irm.org

Is Illinois Railway Museum Inc legitimate?

Illinois Railway Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Railway 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.

Here are some key statistics you may want to consider:

Executive Compensation: $60,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,555

For more financial information, click here


Official website here: www.irm.org

What is the mission statement of Illinois Railway Museum Inc?

The Illinois Railway Museum Inc's mission is centered around educating the public about the rich history of railroads and railways in the United States. They achieve this by gathering, preserving, and restoring various forms of rolling stock, artifacts, structures, and transportation equipment. These items are then displayed for public viewing. The museum also operates restored rolling stock and equipment on a demonstration rail line, providing a hands-on experience. Additionally, they maintain a reference library filled with publications, technical information, and other materials related to railroads, railways, and transportation for research purposes.


Official website here: www.irm.org

Who is the CEO of Illinois Railway Museum Inc?

Lawrence Stone is the President of Illinois Railway Museum Inc.


Official website here: www.irm.org

What is the revenue of Illinois Railway Museum Inc?

Illinois Railway Museum Inc's revenue in 2022 was $2,964,518.


Official website here: www.irm.org

Who are the executives of Illinois Railway Museum Inc and what are their salaries?

The average compensation at Illinois Railway Museum Inc during 2022 was $5,626. There are 40 employees and 320 volunteers at Illinois Railway Museum Inc.

Here are 10 key members and their salaries:

    David Diamond (Director)
  • Compensation: $60,480
  • Related: $0
  • Other: $0

    • Nick Kallas (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence Stone (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Maxwell (1St Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Chasin (2Nd Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nigel Bennett (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zachary Ehlers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicholas Espevik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Slater (Director - Ended 04/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.irm.org

    Where can I find the form 990 for Illinois Railway Museum Inc?

    The Illinois Railway Museum Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.irm.org

    Learn more at the official website: www.irm.org

    Mission Statement of Illinois Railway Museum Inc

    Illinois Railway Museum Inc is committed to educating the public about the rich history of railroads and railways in the United States. To achieve this mission, the museum collects, preserves, and restores various rolling stock, artifacts, structures, and transportation equipment. These items are then displayed to the public, providing an engaging and informative experience.

    The museum doesn't just stop at exhibition. It also operates restored rolling stock and equipment on a demonstration rail line, allowing visitors to witness firsthand the operation of these historical vehicles. This hands-on approach to learning adds a unique and captivating element to the museum's educational mission.

    In addition to its physical exhibits, Illinois Railway Museum Inc maintains a reference library filled with publications, technical information, and other materials related to railroads, railways, and transportation. This library serves as a valuable resource for researchers and enthusiasts alike, expanding the reach of the museum's educational mission beyond its physical location. By collecting, preserving, and disseminating this knowledge, the museum plays a vital role in ensuring that the story of railroads and railways is not lost to time.

    Impact

    This information is meant to be a general summary of Illinois Railway Museum Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Illinois Railway Museum Inc plays a significant role in educating the public about our nation's railroad and railway history. Through the public opening, display, operation, and interpretation of its collection of railroad equipment and memorabilia, the museum furthers public understanding of the vital role of railroads in the development of the country. By restoring and maintaining various forms of transportation including electric cars, diesel locomotives, steam engines, passenger coaches, and trolley buses, the museum preserves important pieces of history for future generations.

    With an estimated attendance of 66,000 for FY22, the Illinois Railway Museum provides a unique and engaging experience for visitors to learn about the evolution of transportation and its impact on society. Through its mission to collect, preserve, and restore rolling stock, artifacts, structures, and related transportation equipment, the museum serves as a valuable resource for research and education. Operating restored rolling stock and equipment on a demonstration rail line allows the public to experience the history firsthand, creating an immersive learning environment.

    In summary, the Illinois Railway Museum Inc's impact is profound, as it not only preserves tangible pieces of history but also actively engages the public in learning about the significant role of railroads in shaping our nation's development.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $101,985
  • Program Service Revenue: $1,298,761
  • Gross Receipts: $6,996,256

    • Assets and Liabilities:
  • Total Assets: $16,575,964
  • Total Liabilities: $435,791
  • Net Assets: $16,140,173
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SPECIAL TRAIN EVENTS

    Revenue

    $937,892

    ADMISSIONS

    Revenue

    $355,480

    PULLMAN DRAWING FEES

    Revenue

    $4,676

    TRACK RENTAL FEES

    Revenue

    $713

    Organization Details

    Founding Year

    1954

    Principal Officer

    Lawrence Stone

    Main Address

    PO BOX 427, UNION, IL, 60180

    NTEE Category

    Code: A500 - Arts

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