The New York Central System Historical Society

EIN: 237084709 501(c)(3)

Hudson, MA

Total Revenue
$193,065
Total Expenses
$152,733
Total Assets
$756,886
Net Assets
$555,808
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
OH
Principal Officer
Stephen Probst
Tax Period
2024-01-01 to 2024-12-31

The New York Central System Historical Society, founded in 1970, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $40K, a strong 21% operating margin.

Mission

The Mission of the NYCSHS is to perpetuate the legacy of the New York Central System NYCS railroad by acquiring and preserving its history traditions documents and artifacts; and by disseminating accurate information and products consistent with good stewardship.

Program Service Accomplishments

Program 1
Expenses: $50,457 Revenue: $80,388

Central Headlight: NYCSHS publishes a quarterly membership-only magazine on the history of the NYCS railroads. The Central Headlight publication contains articles and photographs related to the...

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Central Headlight: NYCSHS publishes a quarterly membership-only magazine on the history of the NYCS railroads. The Central Headlight publication contains articles and photographs related to the history of the NYCS. NYCentral Modeler: The Society also publishes an online modeling magazine the NYCentral Modeler that provides articles news and photographs about NYCS modeling. It is published quarterly and may be viewed online or downloaded and is free to all modelers and the general public. Books: NYCSHS publishes or assists in the publication of several books on NYCS. Much of the material has come from NYCSHSs archives. NYCSHS has supported other organizations in the creating of their books and videos with technical and imagery support as part of the organizations outreach. NYCSHS Calendar: The Society produces an annual color calendar with up to 14 NYCS photos in color and these are sold to members and the public.

Program 2
Expenses: $39,406 Revenue: $4,089

The NYCSHS operates both physical and electronic archives. The physical archives are located in NYCSHSs HQ Archives leased space. The electronic archives are available to anyone. NYCSHS uses a...

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The NYCSHS operates both physical and electronic archives. The physical archives are located in NYCSHSs HQ Archives leased space. The electronic archives are available to anyone. NYCSHS uses a third-party hosting service for the electronic archive since it is felt that internal hosting is not part of its core competency. The electronic archive contains photographs and ICC Valuation Maps that are available for purchase. The archives have been used to create items sold in the Collinwood Shop. According to Accounting Standards Update 2019-03: Not-For-Profit Entities Topic 958: Updating the Definition of Collections a history organization does not need to recognize its collections as financial assets if all of the following criteria are met: A. The collections are held solely for public exhibition education or research in furtherance of public service rather than financial gain; B. they are protected kept unencumbered cared for and preserved; and C. they are subject to an organizational policy that requires proceeds realized from the sale of collections items be used for the acquisition of additional items for the collection the direct care of existing collections or both. The NYCSHS Archives meets all the above criteria and therefore does not recognize its archive collection as a financial asset.

Program 3
Expenses: $18,589 Revenue: $24,797

Model Manufacturers: The Society provides technical information to model railroad manufacturers. The technical information takes the form of photographs and technical drawings. Internet Presence...

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Model Manufacturers: The Society provides technical information to model railroad manufacturers. The technical information takes the form of photographs and technical drawings. Internet Presence: There are several different forms for NYCSHSs internet presence. The Society has an electronic archive a Society website a members-only groups.io discussion list YouTube site Facebook site and Instagram site. NYCSHS Conventions and Mini Conventions: Each year the society holds an annual convention in one of the cities served by the NYCS. It also sporadically holds one or two mini conventions in some of those same cities. The annual convention features tours of local NYCS facilities numerous presentations on NYCS topics a banquet an annual meeting and a train show. Support to Other Railroad Societies and Museums: The society provides material collected as donations to the society to other societies for their archives and provides monetary support to worthy projects being done by them.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,075
Program Service Revenue $109,274
Investment Income $19,179
Other Revenue $19,537
TOTAL REVENUE $193,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $118,497
Other Expenses $152,733
TOTAL EXPENSES $152,733

Year-over-Year Comparison

2024 2023 Change
Revenue $193,065 $209,533 -0.1%
Expenses $152,733 $209,199 -0.3%
Net Income $40,332 $334 +119.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alex Schneider President 30.00
Officer Director
$0 $0 $0
Noel Widdifield Vice President 20.00
Officer Director
$0 $0 $0
Stephen Probst Treasurer 10.00
Officer Director
$0 $0 $0
Ralph Schiring Secretary 8.00
Officer Director
$0 $0 $0
Paul Stoving Director 7.00
Director
$0 $0 $0
Robert McQueen Vice President then Director 20.00
Officer Director
$0 $0 $0
David Mackay President then Director 10.00
Officer Director
$0 $0 $0
Michael Vescelus Director 20.00
Director
$0 $0 $0
Seth Lakin Director 15.00
Director
$0 $0 $0
Frank Bongiovanni Director 5.00
Director
$0 $0 $0
Tom Gerbracht Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $193,065 $152,733 $756,886 $40,332
2023 $209,533 $209,199 $690,670 $334
2022 $186,755 $129,016 $595,274 $57,739
2021 $203,193 $107,536 $551,427 $95,657
2020 $180,450 $144,326 $458,828 $36,124
2019 $288,996 $203,581 $401,391 $85,415
2018 $194,489 $194,314 $319,363 $175
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