Form 990 for tax year 2024
Filed by CALIFORNIA STATE RAILROAD MUSEUM FOUNDATION INC.
Totals
- Total revenue
- $4,914,472
- Total expenses
- $4,982,610
- Contributions and grants received
- $1,520,865
- Grants paid
- $5,000
- Program service revenue
- $671,894
- Investment income
- $542,157
- Other revenue
- $2,179,556
- Total assets, end of year
- $11,949,686
- Total liabilities, end of year
- $933,327
- Net assets or fund balances, end of year
- $11,016,359
- Program services expenses (Part IX)
- $4,259,568
- Management and general expenses
- $637,625
- Fundraising expenses
- $85,417
- Program service expenses (Part III)
- $4,259,568
Program services were 85.5% 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
$856,005
-
1f · All other contributions, gifts and grants
$664,860
-
2a · Program service revenue: SAC SOUTHERN RAILROAD OPERATIONS
total $485,271 · related or exempt $485,271
-
2b · Program service revenue: RAILTOWN 1897 RAILROAD OPERATIONS
total $173,794 · related or exempt $173,794
-
2c · Program service revenue: LIBRARY REPRODUCTIONS
total $10,300 · related or exempt $10,300
-
2d · Program service revenue: EDUCATIONAL & INTERPRETIVE PROGRA
total $2,529 · related or exempt $2,529
-
3 · Investment income
total $291,767 · excluded $291,767
-
7a · Gross sales of assets other than inventory
securities $3,136,445
-
7b · Less cost or other basis and sales expenses
securities $2,886,055
-
7c · Gain or loss
securities $250,390
-
7d · Net gain or loss
total $250,390 · excluded $250,390
-
8a · Fundraising events: gross income
$4,608,202
-
8b · Fundraising events: direct expenses
$3,126,259
-
8c · Net income from fundraising events
total $1,481,943 · excluded $1,481,943
-
10a · Gross sales of inventory
$1,232,362
-
10b · Cost of goods sold
$565,661
-
10c · Net income from sales of inventory
total $666,701 · excluded $666,701
-
11a · Other revenue: OTHER INCOME
total $30,912 · related or exempt $30,912
-
11e · Other revenue, total
$30,912
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $368,269 · program services $348,973 · management and general $11,383 · fundraising $7,913
-
7 · Other salaries and wages
total $1,735,285 · program services $1,644,365 · management and general $53,635 · fundraising $37,285
-
8 · Pension plan contributions
total $98,235 · program services $67,258 · management and general $40,834 · fundraising -$9,857
-
9 · Other employee benefits
total $187,089 · program services $144,927 · management and general $27,905 · fundraising $14,257
-
10 · Payroll taxes
total $153,623 · program services $145,791 · management and general $4,449 · fundraising $3,383
-
11b · Fees: legal
total $30,855 · program services $5,000 · management and general $25,855
-
11c · Fees: accounting
total $20,916 · program services $15,627 · management and general $5,289
-
11d · Fees: lobbying
total $60,000 · program services $60,000
-
11f · Fees: investment management
total $41,298 · management and general $41,298
-
11g · Fees: other
total $337,064 · program services $326,026 · management and general $11,038
-
12 · Advertising and promotion
total $158,434 · program services $126,439 · management and general $4,664 · fundraising $27,331
-
13 · Office expenses
total $641,231 · program services $497,675 · management and general $138,451 · fundraising $5,105
-
17 · Travel
total $62,034 · program services $43,450 · management and general $18,584
-
20 · Interest
total $5,060 · program services $5,060
-
22 · Depreciation, depletion and amortization
total $262,841 · program services $90,420 · management and general $172,421
-
23 · Insurance
total $29,422 · program services $24,836 · management and general $4,586
-
24a · Other expenses: EVENTS & PROGRAMS
total $213,084 · program services $210,110 · management and general $2,974
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $150,060 · program services $130,360 · management and general $19,700
-
24c · Other expenses: MECHANICAL
total $145,401 · program services $145,401
-
24d · Other expenses: EXHIBIT DESIGN
total $101,996 · program services $101,996
-
24e · All other expenses
total $175,413 · program services $120,854 · management and general $54,559
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,915,080 · end of year $1,308,301
-
2 · Savings and temporary cash investments
beginning of year $203,823 · end of year $2,548,074
-
8 · Inventories for sale or use
beginning of year $233,216 · end of year $218,361
-
9 · Prepaid expenses and deferred charges
beginning of year $32,447 · end of year $19,946
-
10a · Land, buildings and equipment: cost or other basis
$1,356,038
-
10b · Land, buildings and equipment: accumulated depreciation
$888,780
-
10c · Land, buildings and equipment, net
beginning of year $491,156 · end of year $467,258
-
11 · Investments: publicly traded securities
beginning of year $8,773,270 · end of year $6,843,715
-
14 · Intangible assets
beginning of year $541,094 · end of year $540,790
-
15 · Other assets
beginning of year $4,173 · end of year $3,241
-
17 · Accounts payable and accrued expenses
beginning of year $1,424,764 · end of year $385,461
-
19 · Deferred revenue
beginning of year $5,537 · end of year $5,096
-
25 · Other liabilities
beginning of year $575,961 · end of year $542,770
-
27 · Net assets without donor restrictions
beginning of year $5,445,962 · end of year $5,086,672
-
28 · Net assets with donor restrictions
beginning of year $4,742,035 · end of year $5,929,687
Mission and programs · 2024
Mission
RAISE AND MANAGE FUNDS TO SUPPORT THE EDUCATIONAL AND INTERPRETIVE PROGRAMS OF THE CALIFORNIA STATE RAILROAD MUSEUM AND TO ASSIST STATE PARKS IN FULFILLING THEIR MISSION.
Activities or mission (Part I)
RAISE & MANAGE FUNDS IN SUPPORT OF THE MUSEUM AND CALIF. STATE PARKS IN FULFILLING THEIR MISSION.
-
SACRAMENTO SOUTHERN RAILROAD OPERATIONS PROGRAM PROVIDES SERVICES DIRECTLY TO THE PUBLIC BY ENHANCING THEIR EXPERIENCE AND PROVIDING AN INTERPRETIVE EXPERIENCE IN OLD SACRAMENTO CALIFORNIA STATE HISTORIC PARK.
Expenses $1,347,367 · Revenue $485,271
-
THE MEMBERSHIP PROGRAM PROVIDES ENHANCED VISITOR EXPERIENCE BY PROVIDING EDUCATIONAL OFFERINGS, EVENTS AND ACTIVITIES WHICH INCREASE THE UNDERSTANDING AND INTEREST IN THE CALIFORNIA STATE RAILROAD MUSEUM.
Expenses $759,318 · Revenue $856,005
-
RAILTOWN 1897 RAILROAD OPERATIONS PROGRAM PROVIDES SERVICES DIRECTLY TO THE PUBLIC BY ENHANCING THEIR EXPERIENCE VISITING THE RAILTOWN 1897 CALIFORNIA STATE HISTORIC PARK.
Expenses $596,945 · Revenue $173,794
-
RAILROAD SHOPS PROJECT IS THE STUDY, DESIGN, AND PRESENTATION OF THE PLAN TO BUILD AN EXPANDED MUSEUM BUILDINGS COMPLEX AS PART OF THE RAILYARDS PROJECT BEING BUILT BY THE CITY OF SACRAMENTO. THIS PROJECT WAS HALTED IN 2020 DUE TO COVID-19 AND HAS BEEN PLACED ON HOLD FOR THE FORESEEABLE FUTURE.
Expenses $60,800
-
CALIFORNIA STATE RAILROAD MUSEUM STORE RETAIL OPERATIONS SERVES VISITORS WITH THE ABILITY TO PURCHASE EDUCATIONAL AND INTERPRETIVE ITEMS TO ENHANCE THEIR VISITOR EXPERIENCE.
Expenses $561,361 · Revenue $557,695
-
MUSEUM ADMINISTRATION AND MAINTENANCE PROVIDES SERVICES DIRECTLY TO THE CALIFORNIA STATE RAILROAD MUSEUM IN ORDER TO BETTER SERVE THE PUBLIC VISITING THE MUSEUM.
Expenses $244,740
-
EDUCATION & INTERPRETATION & VOLUNTEER MANAGEMENT PROGRAM PROVIDE SERVICES DIRECTLY TO THE PUBLIC WHO VISIT THE CALIFORNIA STATE RAILROAD MUSEUM SUCH SERVICES AS EDUCATION, LIVING HISTORY DAYS AND OTHER PUBLIC RELATIONS.
Expenses $192,089 · Revenue $2,529
-
COLLECTIONS ACQUISITION & LIBRARY REPRODUCTION PROGRAM SERVES TO SPONSOR, PUBLISH, PURCHASE, DISTRIBUTE/SELL APPROPRIATE LITERATURE, ILLUSTRATIVE MATERIALS & OTHER ITEMS WHICH WILL INCREASE THE UNDERSTANDING & APPREICATION FOR THE VALUES & PURPOSE OF THE CALIFORNIA STATE RAILROAD MUSEUM.
Expenses $22,463 · Revenue $10,300
-
EXHIBITS/EVENTS PROGRAM PROVIDES SERVICES DIRECTLY TO THE PUBLIC VISITING THE CALIFORNIA STATE RAILROAD MUSEUM WHICH INCLUDES DISPLAYS OF SPECIAL EXHIBITS DURING THE YEAR.
Expenses $195,648
-
RAILTOWN DEPOT STORE OPERATIONS SERVES VISITORS WITH THE ABILITY TO PURCHASE EDUCATIONAL AND INTERPRETIVE ITEMS TO ENHANCE THEIR VISITOR EXPERIENCE.
Expenses $221,731 · Revenue $109,007
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $470
-
SACRAMENTO/RAILTOWN RESTORATION PROJECTS
Expenses $56,636
-
OTHER PROJECTS
Grants $5,000 · Revenue $30,913
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Todd AquilinaTODD AQUILINA
CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Jeff GibelingJEFF GIBELING
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 20
-
Jim HouptJIM HOUPT
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
David SewardDAVID SEWARD
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Steve SzalaySTEVE SZALAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Dawn Oconner RoweDAWN OCONNER ROWE
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 10
-
Ryan DoyleRYAN DOYLE
DIRECTOR-AT-LARGE
- Total calculated
- $0
- Hours/week
- 10
-
Constantine BaranoffCONSTANTINE BARANOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Jaron BrandonJARON BRANDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Eva HillEVA HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Steven HintzSTEVEN HINTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Hawley MacLeanHAWLEY MACLEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Gina MatternGINA MATTERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Richard Dick OtterRICHARD DICK OTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Brian Van CampBRIAN VAN CAMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Cindy WardCINDY WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
David YeeDAVID YEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Wesley YeeWESLEY YEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
John ZachJOHN ZACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Wei ZhangWEI ZHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Stephen ZhouSTEPHEN ZHOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Timothy SchroepferTIMOTHY SCHROEPFER
PRESIDENT/CEO
- Total calculated
- $243,736
- From this org
- $227,776
- From related orgs
- $0
- Other
- $15,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,776
- Bonus
- $0
- Other
- $0
- Deferred
- $15,960
- Nontaxable benefits
- $0
- Filer's total
- $243,736
-
Jennifer ColindresJENNIFER COLINDRES
DIRECTOR OF FINANCE
- Total calculated
- $69,990
- From this org
- $65,411
- From related orgs
- $0
- Other
- $4,579
- Hours/week
- 40
-
Shell MercurioSHELL MERCURIO
CFO
- Total calculated
- $54,543
- From this org
- $50,975
- From related orgs
- $0
- Other
- $3,568
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BOILER SHOP LLC
TO ACQUIRE TRANSITORY TITLE TO REAL PROPERTY. · CA
Directly controlled by CALIFORNIA STATE RAILROAD MUSEUM FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202531959349301553
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