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.
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.
Financials
FY 2024
Revenue
Expenses
People
5 listed
Gerald J Dandurand
President
—
5 hrs/wk
Paul Brown
Vice President/Executive Director
—
15 hrs/wk
David Dandurand
Finance Officer
—
17 hrs/wk
Reid Adams
Director
—
10 hrs/wk
Ryan McWilliams
Director
—
10 hrs/wk