NonprofitsPueblo Railway Foundation

Arts, Culture & Humanities

Pueblo Railway Foundation

PUEBLO, CO

Total revenue

$96K

Total expenses

$69K

Net assets

$861K

Grants received

EIN

870694204

Tax year

2024

Mission

To operate the Pueblo Railway Museum for the purpose of displaying and interpreting historic railroad equipment and artifacts, to educate the public on the importance of the railroads to the Pueblo area, and to preserve items of historical significance for future generations.

Programs

2 programs

The Foundation maintains an office near the museum's collection, from which it coordinates museum activities. A Pueblo County & City of Pueblo Partnership grant provides funds for rent and utilities, allowing the Foundation to allocate remaining income to grounds and equipment maintenance and historic equipment restoration. The museum property includes a five-acre train yard. When desert winds blow, dry weeds and trash accumulate on the property and require constant clean-up. Rails, ties, and switches must be continually inspected, maintained, and periodically replaced to ensure safe and smooth train rides. The diesel locomotives require regular maintenance, and the cabooses need cleaning of their interiors following events. Supplies for all grounds and equipment maintenance are paid from museum funds; the work is accomplished by museum volunteers.

Expenses: $16K

Since 2020, the Foundation has benefited from the good fortune and generosity of one of its members. This member wishes to donate common stock to charity, and has chosen the Pueblo Railway Foundation as the charity. IRS rules state that when stock is donated to a 501(c)3 organization, the donor is not required to pay capital gain tax on the increased value of the stock. The Foundation can then convert this stock to usable funds, also without paying capital gains because of its 501(c)3 status. The donor of the stock has stipulated that the proceeds are to be used to fund security improvements, capital asset purchases, and capital improvement projects which substantially improve the Foundation's operations and overall presence. The bulk of these funds support the Foundation's D Street Station project, which will develop the property surrounding the Foundation's restoration shop on D Street by expanding the railyard and support a future train depot building. This "D Street Station" will become the main entry point for our railfans during the Museum's public events.

Expenses: $26K

Financials

FY 2024

Revenue

Contributions & grants$65K
Program service revenue$31K
Investment income$1
Other revenue$87
Total revenue$96K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$69K
Total expenses$69K
Total assets$1.2M
Net assets$861K

People

5 listed

NameRoleCompensation

Gerald J Dandurand

President

Board

5 hrs/wk

Paul Brown

Vice President/Executive Director

Board

15 hrs/wk

David Dandurand

Finance Officer

Board

17 hrs/wk

Reid Adams

Director

Board

10 hrs/wk

Ryan McWilliams

Director

Board

10 hrs/wk

Details

EIN870694204
NTEE codeA50
Subsection03
Ruling date2003-07
Formed2003
Employees0
Volunteers32
PUEBLO RAILWAY FOUNDATION — Mission, Financials & Grants Received | Grantivo