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Nonprofiteer
← ENGINE 557 RESTORATION COMPANY

Form 990 for tax year 2025

Filed by ENGINE 557 RESTORATION COMPANY.

Totals

Total revenue
$141,773
Total expenses
$190,308
Contributions and grants received
$128,103
Grants paid
$0
Program service revenue
$0
Investment income
$2,456
Other revenue
$11,214
Total assets, end of year
$232,863
Total liabilities, end of year
$3,706
Net assets or fund balances, end of year
$229,157
Program services expenses (Part IX)
$164,164
Management and general expenses
$25,871
Fundraising expenses
$273
Program service expenses (Part III)
$164,164

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $128,103

  • 1g · Noncash contributions included above

    $64,013

  • 3 · Investment income

    total $2,456 · related or exempt $2,456 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $13,300

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $3,537

  • 8c · Net income from fundraising events

    total $9,763 · unrelated business $0 · excluded $9,763

  • 10a · Gross sales of inventory

    $2,006

  • 10b · Cost of goods sold

    $555

  • 10c · Net income from sales of inventory

    total $1,451 · related or exempt $1,451 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $51,206 · program services $48,581 · management and general $2,625

  • 12 · Advertising and promotion

    total $75 · fundraising $75

  • 13 · Office expenses

    total $4,384 · management and general $4,186 · fundraising $198

  • 16 · Occupancy

    total $39,322 · program services $39,322

  • 23 · Insurance

    total $15,506 · management and general $15,506

  • 24a · Other expenses: Engine & Tender

    total $32,593 · program services $32,593 · management and general $0 · fundraising $0

  • 24b · Other expenses: Tools & Equipment

    total $22,875 · program services $22,875 · management and general $0 · fundraising $0

  • 24c · Other expenses: Expendible. consumable supplies

    total $20,793 · program services $20,793 · management and general $0 · fundraising $0

  • 24d · Other expenses: Misc shop & office admininstration

    total $3,554 · program services $0 · management and general $3,554 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,886 · end of year $66,270

  • 2 · Savings and temporary cash investments

    beginning of year $153,511 · end of year $129,040

  • 8 · Inventories for sale or use

    beginning of year $37,708 · end of year $37,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,423 · end of year $3,706

  • 27 · Net assets without donor restrictions

    beginning of year $190,087 · end of year $206,962

  • 28 · Net assets with donor restrictions

    beginning of year $24,595 · end of year $22,195

Mission and programs · 2025

Mission

The Engine 557 Restoration Company's mission is to restore, operate, conserve, and display former Alaska Railroad steam locomotive number 557 for the education and enjoyment of Alaskan residents and visitors.

  • Assess, repair, and refurbish parts of steam locomotive #557; reassemble locomotive parts onto locomotive; equip shop with necessary tools, equipment, and technical documents to accomplish restoration. Between four and 10 volunteers work on the locomotive, four days each week. The work will result in a restored and fully operational steam locomotive. Substantial in-kind contributions of services and facilities support this program service.

    Expenses $163,977

  • Operations. Preparing planning documents, obtaining permissions, and doing preliminary work to develop infrastructure to support locomotive operations which are projected to begin in 2026.

    Expenses $187

  • Education. Public education and outreach is provided via presentations to community groups, social media, and Engine House tours. This was done by volunteers and no expenses were incurred.

As filed on the 2025 return.

Listed in Part VII

  • Patrick J Durand

    President

    Total calculated
    $0
    Hours/week
    40

  • Scott Hicks

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Richard Morris

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Jane Walker

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Paul Bates

    Chief Operations Officer

    Total calculated
    $0
    Hours/week
    4

  • John Combs

    Director

    Total calculated
    $0
    Hours/week
    3

  • Terry Stefani

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Shane Durand

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • David Greenhalgh

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jamie Fetterman

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
25 June 2026
IRS schema version
2025v4.0
Source object
202622379349300802

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