MID-CONTINENT RAILWAY HISTORICAL SOCIETY INC

EIN: 391023326 501(c)(3)

NORTH FREEDOM, WI

Total Revenue
$1,603,515
Total Expenses
$699,479
Total Assets
$14,981,815
Net Assets
$14,890,767
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
WI
Principal Officer
ANDREW SPINELLI
Phone
6085224261
Tax Period
2023-11-01 to 2024-10-31

MID-CONTINENT RAILWAY HISTORICAL SOCIETY INC, founded in 1959, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $904K, a strong 56% operating margin.

Mission

OUR MISSION IS TO EDUCATE THE PUBLIC BY RECREATING AS ACCURATELY AS POSSIBLE THE GOLDEN YEARS OF RAILROADS, FROM THE CIVIL WAR DAYS UNTIL AFTER WORLD WAR II, BY OPERATING A LIVING RAILROAD WITH VINTAGE EQUIPMENT FROM THOSE TIMES. WE WILL COLLECT, PRESERVE, RESTORE, AND OPERATE ARTIFACTS FROM THOSE TIMES SO AS TO INFORM THE PUBLIC ABOUT THE DEVELOPMENT OF RAILROADING FROM WOODEN EQUIPMENT TO STEEL, AND FROM STEAM POWER TO INTERNAL COMBUSTION. WE WILL GIVE OUR VISITORS A FIRSTHAND EXPERIENCE ON THIS EQUIPMENT. WE WILL DO OUR BEST TO ACCURATELY PORTRAY THIS GOLDEN AGE.

Program Service Accomplishments

Program 1
Expenses: $490,168 Revenue: $386,717

TO EDUCATE THE PUBLIC BY OFFERING EDUCATIONAL DEMONSTRATION RIDES FOR MUSEUM VISITORS, OFFERING SPECIAL EVENTS CENTERED ON HISTORIC AND SEASONAL THEMES, HOSTING GUIDED TOURS OF RESTORED RAILCARS AND...

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TO EDUCATE THE PUBLIC BY OFFERING EDUCATIONAL DEMONSTRATION RIDES FOR MUSEUM VISITORS, OFFERING SPECIAL EVENTS CENTERED ON HISTORIC AND SEASONAL THEMES, HOSTING GUIDED TOURS OF RESTORED RAILCARS AND OPEN HOUSES SHOWCASING ONGOING RESTORATION PROJECTS, AND OTHER LEARNING OPPORTUNITIES THAT THE SOCIETY PROVIDES.THE SOCIETY CONTINUED ITS PROGRAM SERVICES BY 1) OFFERING EDUCATIONAL DEMONSTRATION RIDES FOR MUSEUM VISITORS IN ITS VINTAGE RAILROAD EQUIPMENT, 2) PROVIDING TOURS THROUGH HISTORIC RAILROAD EQUIPMENT THAT HAS BEEN RESTORED OR IS UNDERGOING RESTORATION, 3) PROVIDING OPPORTUNITIES TO LEARN HISTORIC RAILROAD OPERATING AND MAINTENANCE PRACTICES THROUGH ITS VOLUNTEER TRAINING PROGRAMS, BY PUBLISHING INFORMATION TO THE MUSEUM'S PUBLICALLY AVAILABLE WEBSITE AND SOCIAL MEDIA, AS WELL AS A MEMBER MAGAZINE AND MEMBER NEWSLETTER. IN 2024, MID-CONTINENT RAILWAY MUSEUM OPERATED ITS HISTORIC TRAINS ON 108 DAYS AND WELCOMED 19,286 VISITORS FOR A ONE HOUR DEMONSTRATION RIDE ABOARD THE TRAINS. NEARLY 1,100 OF THOSE VISITORS CAME AS PART OF SCHOOL FIELD TRIPS, HELPING EDUCATORS PROVIDE AN IMMERSIVE HISTORY LESSON FOR THEIR STUDENTS.THE SOCIETY CONTINUES TO IMPROVE ITS COLLECTION BY ADVANCING RESTORATION WORK ON NUMEROUS ANTIQUE RAILCARS AND LOCOMOTIVES, INCLUDING A 1907 STEAM LOCOMOTIVE, A 1902 SLEEPING CAR, AN 1864 COACH-BAGGAGE CAR, AND A 1925 GAS-ELECTRIC MOTOR CAR.TO ALLOW THE CONTINUED FUTURE SAFE AND RELIABLE OPERATIONS, THE SOCIETY IS MAKING SIGNIFICANT INVESTMENTS IN ITS 4-MILE RAIL LINE, INCLUDING A MAJOR RAIL REPLACEMENT AND LINE IMPROVEMENT PROGRAM.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,012,922
Program Service Revenue $386,717
Investment Income $136,976
Other Revenue $66,900
TOTAL REVENUE $1,603,515

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,038
Fundraising Expenses $264
Program Expenses $490,168
Other Expenses $510,441
TOTAL EXPENSES $699,479

Year-over-Year Comparison

2023 2022 Change
Revenue $1,603,515 $1,345,710 +0.2%
Expenses $699,479 $572,466 +0.2%
Net Income $904,036 $773,244 +0.2%
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
10
Independent Members
10
Employees
17
Volunteers
70

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW SPINELLI PRESIDENT 2.00
Officer Director
$0 $0 $0
JEFFREY HUTTENBURG VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
COLIN O'BRIEN SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT ANDERSON TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD COLBY DIRECTOR 1.00
Director
$0 $0 $0
DAVID BIERMAN DIRECTOR 1.00
Director
$0 $0 $0
GARY BJORGE DIRECTOR 1.00
Director
$0 $0 $0
ADAM CLUSSMAN DIRECTOR 1.00
Director
$0 $0 $0
ROBERTA WAGNER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SALMONSON DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY BLOOHM DIRECTOR (THRU DECEMBER) 1.00
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
2024 $328,131 $171,071 $15,080,830 $157,060
2024 $1,603,515 $699,479 $14,981,815 $904,036
2023 $1,345,710 $572,466 $13,365,390 $773,244
2022 $883,139 $526,802 $12,749,653 $356,337
2021 $4,329,369 $400,895 $12,572,597 $3,928,474
2020 $845,127 $430,871 $9,027,353 $414,256
2019 $1,697,812 $660,985 $8,701,682 $1,036,827
2018 $836,200 $562,678 $7,738,391 $273,522
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