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Nonprofiteer
← ABILENE AND SMOKY VALLEY RAILROAD ASSOCIATION

Form 990 for tax year 2024

Filed by ABILENE AND SMOKY VALLEY RAILROAD ASSOCIATION.

Totals

Total revenue
$700,796
Total expenses
$697,193
Contributions and grants received
$54,252
Grants paid
$0
Program service revenue
$602,127
Investment income
$61
Other revenue
$44,356
Total assets, end of year
$511,151
Total liabilities, end of year
$170,850
Net assets or fund balances, end of year
$340,301
Program services expenses (Part IX)
$639,941
Management and general expenses
$55,623
Fundraising expenses
$1,629
Program service expenses (Part III)
$639,941

Program services were 91.8% 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.

  • 1b · Membership dues

    $1,215

  • 1f · All other contributions, gifts and grants

    $53,037

  • 2a · Program service revenue: TICKET SALES

    total $589,023 · related or exempt $589,023

  • 2b · Program service revenue: RAIL CAR STORAGE

    total $13,104 · related or exempt $13,104

  • 3 · Investment income

    total $61 · excluded $61

  • 10a · Gross sales of inventory

    $96,349

  • 10b · Cost of goods sold

    $51,993

  • 10c · Net income from sales of inventory

    total $44,356 · excluded $44,356

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $20,000 · program services $14,000 · management and general $5,000 · fundraising $1,000

  • 7 · Other salaries and wages

    total $48,028 · program services $48,028

  • 10 · Payroll taxes

    total $5,204 · program services $5,070 · management and general $112 · fundraising $22

  • 11a · Fees: management

    total $69,552 · program services $69,552

  • 11c · Fees: accounting

    total $4,048 · management and general $4,048

  • 11g · Fees: other

    total $38,631 · program services $38,631

  • 12 · Advertising and promotion

    total $32,716 · program services $32,716

  • 13 · Office expenses

    total $14,678 · program services $2,324 · management and general $12,354

  • 14 · Information technology

    total $3,127 · program services $3,127

  • 16 · Occupancy

    total $31,891 · program services $28,070 · management and general $3,214 · fundraising $607

  • 17 · Travel

    total $18,500 · program services $15,116 · management and general $3,384

  • 20 · Interest

    total $11,560 · management and general $11,560

  • 22 · Depreciation, depletion and amortization

    total $66,926 · program services $66,926

  • 23 · Insurance

    total $54,421 · program services $52,922 · management and general $1,499

  • 24a · Other expenses: TRAIN EVENT CATERING

    total $112,406 · program services $112,406

  • 24b · Other expenses: MATERIALS AND SUPPLIES

    total $49,155 · program services $39,324 · management and general $9,831

  • 24c · Other expenses: TRAIN OPERATIONS

    total $44,743 · program services $44,743

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $42,330 · program services $42,330

  • 24e · All other expenses

    total $29,277 · program services $24,656 · management and general $4,621

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,819 · end of year $29,479

  • 2 · Savings and temporary cash investments

    beginning of year $18,503 · end of year $43,184

  • 8 · Inventories for sale or use

    beginning of year $19,165 · end of year $18,368

  • 9 · Prepaid expenses and deferred charges

    end of year $100

  • 10a · Land, buildings and equipment: cost or other basis

    $1,460,418

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,089,096

  • 10c · Land, buildings and equipment, net

    beginning of year $348,118 · end of year $371,322

  • 15 · Other assets

    end of year $48,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,593 · end of year $3,237

  • 25 · Other liabilities

    beginning of year $75,314 · end of year $167,613

  • 27 · Net assets without donor restrictions

    beginning of year $336,698 · end of year $340,301

Mission and programs · 2024

Mission

PROMOTE AND PRESERVE THE RAILROAD HISTORY OF THE AREA THROUGH TOURIST TRAIN RIDES AND MEMBERSHIP DUES AND DONATIONS.

Activities or mission (Part I)

PROMOTE/PRESERVE RAILROAD HISTORY

  • PROMOTE AND PRESERVE THE RAILROAD HISTORY OF THE AREA THROUGH TOURIST TRAIN RIDES AND MEMBERSHIP DUES AND DONATIONS. IN 2024 WE HOSTED 21,353 RIDERS FROM 58% OF KANSAS' COMMUNITIES, 45 STATES AND OVER 10 FOREIGN COUNTRIES. OUR MARKET AREA INCLUDES DENVER TO OMAHA TO ST. LOUS TO OKLAHOMA CITY. WE OPERATED OVER 220 TRAINS IN 2024 FROM OUR HISTORIC 1887 ROCK ISLAND DEPOT IN ABILENE. WE CONTINUED AN AGGRESSIVE MARKETING AND BRANDING EFFORT THROUGH A NUMBER OF SOCIAL MEDIA, PUBLICATION, AND RADIO PLATFORMS. WE CONTINUED OUR RELATIONSHIP WITH HERITAGE RAIL MANAGEMENT, DURANGO, CO. WE EXPENDED OUR SEASONAL EVENT TRAIN, "PEANUTS PUMPKIN PATCH EXPRESS- AND "COWTOWN SANTA EXPRESS" TRAINS WITH POSITIVE RESULTS. WE ALSO EXPANDED OUR DINNER TRAIN OPERATIONS WITH AN ADDITIONAL DINING CAR THAT RAISED OUR CAPTACITY TO 160 RIDERS PER TRAIN. WE BEGAN DEVELOPING AN ENHANCED EDUCTIONAL PROGRAM PLAN TO TIE RAILROADS, OUR OPERATING REPLICA HOFFMAN GRIST MILL AND GENERAL STORE, AND THE CROP SCENERY ALONG OUR RIGHT OF WAY, INTO AN EXCLUSIVE OPPOERTUNITY FOR RIDERS TO EXPERIENCE THE ENTIRE FARM TO TABLE AGRICULTURAL PROCESS DURING A SINGLE TRIP ON OUR RAILROAD. DURING 2024, WE WERE NAMED THE OFFICIAL KANSAS HERITAGE RAILROAD BY THE KANSAS LEGISLATURE THROUGH K.S.A. 73-4401. OUR ICONIC 1919 STEAM LOCOMOTIVE ATSF3415 WAS LIKEWISE NAMED THE OFFICIAL KANSAS STEAM LOCOMOTIVE THROUGH K.S.A. 73-4301. WE ALSO RECEIVED K-STATE'S HUCK BOYD NATIONAL INSTITUTE FOR RURAL DEVELOPMENT AS THE 2024 HUCK BOYD LEADERS OF THE YEAR FOR TOURISM. WE HAVE A DEDICATED WORKING BOARD THAT MEETS MONTHLY TO OVERSEE THE OPERATIONS OF THE ORGANIZATION AND ASSIST OUR GENERAL MANAGER WITH A VARIETY OF NECESSARY TASKS.

    Expenses $639,941 · Revenue $602,127

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ross Boelling

    PRESIDENT

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    63

  • Kevin Bailey

    MEMBER

    Total calculated
    $0
    Hours/week
    7

  • Randy Reynolds

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Steve Schwarting

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    25

  • Steve Smethers

    SECRETARY

    Total calculated
    $0
    Hours/week
    58

  • Jim Waters

    TREASURER

    Total calculated
    $0
    Hours/week
    7

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
2024
Filed
5 June 2025
IRS schema version
2024v5.0
Source object
202501919349301215

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