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Nonprofiteer
← TENNESSEE VALLEY RAILROAD MUSEUM INC

Form 990 for tax year 2022

Filed by TENNESSEE VALLEY RAILROAD MUSEUM INC.

Totals

Total revenue
$7,826,989
Total expenses
$6,930,745
Contributions and grants received
$1,374,249
Grants paid
$0
Program service revenue
$4,412,122
Investment income
-$14,861
Other revenue
$2,055,479
Total assets, end of year
$16,477,731
Total liabilities, end of year
$6,933,210
Net assets or fund balances, end of year
$9,544,521
Program services expenses (Part IX)
$6,183,596
Management and general expenses
$747,149
Fundraising expenses
$0
Program service expenses (Part III)
$6,183,596

Program services were 89.2% 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

    $40,486

  • 1f · All other contributions, gifts and grants

    $1,333,763

  • 2a · Program service revenue: MUSEUM OPERATIONS

    total $4,412,122 · related or exempt $4,412,122

  • 3 · Investment income

    total -$16,861 · excluded -$16,861

  • 6a · Gross rents

    real property $752,181

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $752,181

  • 6d · Net rental income or loss

    total $752,181 · related or exempt $752,181

  • 7a · Gross sales of assets other than inventory

    securities $2,000

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $2,000

  • 7d · Net gain or loss

    total $2,000 · related or exempt $2,000

  • 10a · Gross sales of inventory

    $713,428

  • 10b · Cost of goods sold

    $555,275

  • 10c · Net income from sales of inventory

    total $158,153 · related or exempt $158,153

  • 11a · Other revenue: SHEET METAL AND TRACK

    total $355,019 · related or exempt $219,775 · unrelated business $135,244

  • 11b · Other revenue: FREIGHT-CAR SWITCHING

    total $278,883 · related or exempt $83,793 · unrelated business $195,090

  • 11c · Other revenue: FREIGHT-RAILCAR STORAG

    total $267,994 · unrelated business $267,994

  • 11d · All other revenue

    total $243,249 · related or exempt $101,049 · unrelated business $142,200

  • 11e · Other revenue, total

    $1,145,145

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,024,444 · program services $837,810 · management and general $186,634

  • 9 · Other employee benefits

    total $58,895 · management and general $58,895

  • 10 · Payroll taxes

    total $377,249 · program services $377,249

  • 11b · Fees: legal

    total $165,997 · management and general $165,997

  • 12 · Advertising and promotion

    total $278,124 · program services $278,124

  • 13 · Office expenses

    total $150,104 · management and general $150,104

  • 16 · Occupancy

    total $214,845 · program services $214,845

  • 20 · Interest

    total $180,485 · management and general $180,485

  • 22 · Depreciation, depletion and amortization

    total $622,284 · program services $622,284

  • 23 · Insurance

    total $235,560 · program services $235,560

  • 24a · Other expenses: RAIL EXCURSIONS

    total $1,729,787 · program services $1,729,787

  • 24b · Other expenses: OTHER MUSEUM OPERATING

    total $765,565 · program services $765,565

  • 24c · Other expenses: OUTSIDE SHOP, TRACK & F

    total $438,712 · program services $438,712

  • 24d · Other expenses: MAINTENANCE HISTORICAL

    total $326,590 · program services $326,590

  • 24e · All other expenses

    total $362,104 · program services $357,070 · management and general $5,034

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $894,070 · end of year $730,017

  • 4 · Accounts receivable

    beginning of year $1,105,258 · end of year $1,511,346

  • 8 · Inventories for sale or use

    beginning of year $58,870 · end of year $65,718

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

    $21,810,867

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

    $8,892,955

  • 10c · Land, buildings and equipment, net

    beginning of year $12,721,532 · end of year $12,917,912

  • 15 · Other assets

    beginning of year $885,953 · end of year $1,252,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $695,295 · end of year $450,577

  • 19 · Deferred revenue

    beginning of year $646,050 · end of year $632,363

  • 23 · Secured mortgages and notes payable

    beginning of year $4,978,747 · end of year $4,782,967

  • 25 · Other liabilities

    beginning of year $1,077,303 · end of year $1,067,303

  • 27 · Net assets without donor restrictions

    beginning of year $8,268,288 · end of year $9,544,521

Mission and programs · 2022

Mission

TO PRESERVE RAILROAD HERITAGE AND TO INCREASE THE PUBLIC'S AWARENESS OF THE HISTORICAL SIGNIFICANCE OF RAILROADS IN THE TENNESSEE VALLEY.

  • MUSEUM OPERATIONS - GENERAL OPERATION OF A RAILROAD MUSEUM, INCLUDING EXHIBITS, TRAIN EXCURSIONS, RESTORATION OF RAILROAD EQUIPMENT, ETC.

    Expenses $6,183,596 · Revenue $5,729,073

As filed on the 2022 return.

Listed in Part VII

  • TIM ANDREWS

    PRESIDENT

    Total calculated
    $13,000
    From this org
    $0
    From related orgs
    $13,000
    Other
    $0
    Hours/week
    15

  • ALAN MAPLES

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • ANDY HENDEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BETSY MCCALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SUSAN HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • WILLIAM SCHAFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • G MARK RAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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.

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.

  • HIWASSEE RIVER RAILROAD LLC

    PRIVATE CARRIER RAILROAD COMPANY · TN · income $0 · assets $793

    Directly controlled by TENNESSEE VALLEY RAILROAD MUSEUM INC

  • EAST CHATTANOOGA BELT RAILWAY LLC

    PRIVATE CARRIER RAILROAD COMPANY · TN · income -$18,286 · assets $13,175

    Directly controlled by TENNESSEE VALLEY RAILROAD MUSEUM INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EAST CHATTANOOGA BELT RAILWAY CO INC

    C · COMMON CARRIER RAILROAD · TN · 100% owned · share of income -$14,784 · share of assets $766

    Directly controlled by TENNESSEE VALLEY RAILROAD MUSEUM INC

  • TYNER TERMINAL RAILWAY CO

    C · CONTRACT CARRIER · TN · 100% owned · share of income $574,657 · share of assets $1,936,880

    Directly controlled by TENNESSEE VALLEY RAILROAD MUSEUM INC

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202302799349300825

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