Totals
- Total revenue
- $11,606,730
- Total expenses
- $5,689,747
- Contributions and grants received
- $8,669,387
- Grants paid
- $0
- Program service revenue
- $1,935,955
- Investment income
- $390,256
- Other revenue
- $611,132
- Total assets, end of year
- $34,326,988
- Total liabilities, end of year
- $1,514,278
- Net assets or fund balances, end of year
- $32,812,710
- Program services expenses (Part IX)
- $4,664,153
- Management and general expenses
- $471,375
- Fundraising expenses
- $554,219
- Program service expenses (Part III)
- $4,664,153
Program services were 82.0% 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
$159,993
-
1c · Fundraising events
$203,343
-
1e · Government grants (contributions)
$712,829
-
1f · All other contributions, gifts and grants
$7,593,222
-
1g · Noncash contributions included above
$20,168
-
2a · Program service revenue: ADMISSIONS
total $1,935,955 · related or exempt $1,935,955
-
3 · Investment income
total $199,254 · excluded $199,254
-
5 · Royalties
total $32,295 · excluded $32,295
-
6a · Gross rents
real property $362,408
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $362,408
-
6d · Net rental income or loss
total $362,408 · excluded $362,408
-
7a · Gross sales of assets other than inventory
securities $2,363,898
-
7b · Less cost or other basis and sales expenses
securities $2,172,896
-
7c · Gain or loss
securities $191,002
-
7d · Net gain or loss
total $191,002 · excluded $191,002
-
8a · Fundraising events: gross income
$134,607
-
8a · Fundraising events: contributions included on line 1c
$203,343
-
8b · Fundraising events: direct expenses
$137,787
-
8c · Net income from fundraising events
total -$3,180 · excluded -$3,180
-
10a · Gross sales of inventory
$277,527
-
10b · Cost of goods sold
$156,598
-
10c · Net income from sales of inventory
total $120,929 · excluded $120,929
-
11a · Other revenue: MISCELLANEOUS FEES
total $98,680 · excluded $98,680
-
11e · Other revenue, total
$98,680
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $633,043 · program services $329,240 · management and general $158,992 · fundraising $144,811
-
7 · Other salaries and wages
total $1,456,916 · program services $1,277,620 · management and general $50,214 · fundraising $129,082
-
8 · Pension plan contributions
total $31,558 · program services $20,637 · management and general $4,960 · fundraising $5,961
-
9 · Other employee benefits
total $184,926 · program services $151,339 · management and general $24,622 · fundraising $8,965
-
10 · Payroll taxes
total $140,269 · program services $97,734 · management and general $21,897 · fundraising $20,638
-
11b · Fees: legal
total $94,000 · program services $5,386 · fundraising $88,614
-
11c · Fees: accounting
total $41,192 · management and general $41,192
-
11f · Fees: investment management
total $54,058 · management and general $54,058
-
11g · Fees: other
total $1,016,666 · program services $911,460 · management and general $9,244 · fundraising $95,962
-
12 · Advertising and promotion
total $43,072 · program services $43,058 · management and general $14
-
13 · Office expenses
total $191,315 · program services $170,611 · management and general $1,487 · fundraising $19,217
-
14 · Information technology
total $186,823 · program services $171,753 · management and general $8,809 · fundraising $6,261
-
16 · Occupancy
total $449,030 · program services $435,633 · fundraising $13,397
-
17 · Travel
total $169,448 · program services $167,421 · management and general $1,702 · fundraising $325
-
20 · Interest
total $56,976 · program services $56,882 · management and general $94
-
22 · Depreciation, depletion and amortization
total $569,029 · program services $569,029
-
23 · Insurance
total $146,065 · program services $98,646 · management and general $47,419
-
24a · Other expenses: MISC EXPENSES
total $148,527 · program services $136,756 · management and general $11,253 · fundraising $518
-
24b · Other expenses: FINANCE AND BANKING
total $38,408 · program services $2,690 · management and general $35,418 · fundraising $300
-
24c · Other expenses: DONATED GOODS EXPENSE
total $20,168 · fundraising $20,168
-
24d · Other expenses: FIRST MILE STABLE
total $18,258 · program services $18,258
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $950,404 · end of year $480,270
-
2 · Savings and temporary cash investments
beginning of year $708,104 · end of year $1,771,950
-
3 · Pledges and grants receivable
beginning of year $1,226,983 · end of year $6,005,529
-
4 · Accounts receivable
beginning of year $93,070 · end of year $90,861
-
8 · Inventories for sale or use
beginning of year $80,441 · end of year $72,461
-
9 · Prepaid expenses and deferred charges
beginning of year $34,660 · end of year $47,410
-
10a · Land, buildings and equipment: cost or other basis
$22,029,125
-
10b · Land, buildings and equipment: accumulated depreciation
$7,162,680
-
10c · Land, buildings and equipment, net
beginning of year $14,734,817 · end of year $14,866,445
-
11 · Investments: publicly traded securities
beginning of year $10,151,931 · end of year $10,852,265
-
14 · Intangible assets
beginning of year $73,673 · end of year $95,880
-
15 · Other assets
end of year $43,917
-
17 · Accounts payable and accrued expenses
beginning of year $339,821 · end of year $562,146
-
19 · Deferred revenue
beginning of year $88,000 · end of year $75,194
-
23 · Secured mortgages and notes payable
beginning of year $977,691 · end of year $837,245
-
25 · Other liabilities
beginning of year $331,831 · end of year $39,693
-
27 · Net assets without donor restrictions
beginning of year $24,298,804 · end of year $24,298,219
-
28 · Net assets with donor restrictions
beginning of year $2,017,936 · end of year $8,514,491
Mission and programs · 2022
Mission
TO PRESERVE THE PHYSICAL LEGACY AND THE EXPERIENCE OF AMERICAN RAILROADING, TO INTERPRET AND PRESENT ITS HISTORY TO THE WIDEST POSSIBLE AUDIENCE AND TO DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGNIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE, ESPECIALLY IN THE CITY OF BALTIMORE, STATE OF MARYLAND, AND THE REGION.
Activities or mission (Part I)
TO PRESERVE THE PHYSICAL LEGACY AND THE EXPERIENCE OF AMERICAN RAILROADING AND TO DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE BY COLLECTING, PRESERVING, AND INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS OF HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, AND TOURS OF OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION AND RAILROAD CULTURE.
-
DEVELOPMENT OF PROGRAMS WHICH BROADEN AND DEEPEN THE PUBLIC APPRECIATION OF THE SIGNIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE BY COLLECTING, PRESERVING, AND INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS OF HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, AND TOURS OF OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION AND RAILROAD CULTURE.
Expenses $4,645,895 · Revenue $1,935,955
-
TO OPERATE AND MAINTAIN AN EQUESTRIAN FACILITY FOR MUSEUM PROGRAMMING AND SECURITY
Expenses $18,258
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Francis X SmythFRANCIS X SMYTH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Suzzanne DeckerSUZZANNE DECKER
CORPORATE SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Gregory FarnoGREGORY FARNO
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Suhair Al KhatibSUHAIR AL KHATIB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cathrin BanksCATHRIN BANKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve J BanksSTEVE J BANKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew DavisANDREW DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ronald W DruckerRONALD W DRUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rian HargraveRIAN HARGRAVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eric Thomas HendricksonERIC THOMAS HENDRICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gerry M HillerGERRY M HILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian JacobyBRIAN JACOBY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John MagnessJOHN MAGNESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alan L McCrumALAN L MCCRUM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas PilkertonTHOMAS PILKERTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gregory C PinkardGREGORY C PINKARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George S RichGEORGE S RICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James E RossJAMES E ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig D RoswellCRAIG D ROSWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam F SandyADAM F SANDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jane M ShaabJANE M SHAAB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter J ShudtzPETER J SHUDTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gerald StoneGERALD STONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gaynelle SwanGAYNELLE SWAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian TuckerBRIAN TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter J VascoPETER J VASCO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marvin H WeinerMARVIN H WEINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew C WilsonANDREW C WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh WarfieldJOSH WARFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brittany BramhallBRITTANY BRAMHALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph DavisJOSEPH DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kris HoellenKRIS HOELLEN
EXECUTIVE DIRECTOR
- Total calculated
- $270,585
- From this org
- $234,985
- From related orgs
- $0
- Other
- $35,600
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $234,985
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $35,600
- Filer's total
- $270,585
-
Jonathan GoldmanJONATHAN GOLDMAN
CHIEF CURATOR
- Total calculated
- $157,521
- From this org
- $127,465
- From related orgs
- $0
- Other
- $30,056
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,465
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $30,056
- Filer's total
- $157,521
-
Joanne WoolleyJOANNE WOOLLEY
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $157,703
- From this org
- $128,070
- From related orgs
- $0
- Other
- $29,633
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,070
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,633
- Filer's total
- $157,703
-
Steve JohnsonSTEVE JOHNSON
FACILITIES DIRECTOR
- Total calculated
- $104,784
- From this org
- $103,963
- From related orgs
- $0
- Other
- $821
- 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
- 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.
-
FIRST MILE STABLE CHARITABLE FOUNDATION LLC
TO SUPPORT THE CHARITABLE AND OTHER RELATED PURPOSES OF THE MUSEUM · MD
Directly controlled by B&O RAILROAD MUSEUM
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421339349301402
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.