COLORADO RAILROAD HISTORICAL FOUNDATION INC

EIN: 846037753 501(c)(3) Arts, Culture & Humanities

GOLDEN, CO

Total Revenue
$7,457,327
Total Expenses
$4,094,818
Total Assets
$20,381,639
Net Assets
$15,445,492
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
CO
Principal Officer
PAUL HAMMOND
Phone
3032794591
Tax Period
2024-01-01 to 2024-12-31

COLORADO RAILROAD HISTORICAL FOUNDATION INC, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 45% operating margin.

Mission

THE MISSION OF THE COLORADO RAILROAD HISTORICAL FOUNDATION, INC. IS TO PRESERVE AND CONVEY THE RICH HISTORY OF RAILROADING IN THE ROCKY MOUNTAIN REGION THROUGH ACQUISITION, RESEARCH, EXHIBITION, AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $2,072,233 Revenue: $1,132,202

THE MUSEUM EXISTS TO SHARE COLORADO'S RICH RAILROAD HERITAGE WITH THE WIDEST POSSIBLE AUDIENCE IN A HANDS-ON AND THREE-DIMENSIONAL FASHION BY PRESERVING AND MAKING ACCESSIBLE IMPORTANT HISTORIC...

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THE MUSEUM EXISTS TO SHARE COLORADO'S RICH RAILROAD HERITAGE WITH THE WIDEST POSSIBLE AUDIENCE IN A HANDS-ON AND THREE-DIMENSIONAL FASHION BY PRESERVING AND MAKING ACCESSIBLE IMPORTANT HISTORIC ARTIFACTS, ARTWORK AND DOCUMENTS, AND BY OFFERING OUTSTANDING INTERPRETIVE AND EDUCATIONAL PROGRAMS TO THE COMMUNITY. THE MUSEUM HAS SYSTEMATICALLY ACQUIRED A COLLECTION OF OVER 100 HISTORIC RAILROAD LOCOMOTIVES, PASSENGER AND FREIGHT CARS DATING FROM 1879 TO THE PRESENT, AND ALSO MANAGES ONE OF THE LARGEST ARCHIVES OF RAILROAD PRINT, PHOTOGRAPHIC AND RESEARCH MATERIALS IN THE UNITED STATES. IT IS DEDICATED TO SHARING COLORADO'S RICH RAILROAD HISTORY THROUGH THE USE OF BOTH SMALL AND LARGE ARTIFACTS, ALONG WITH ARCHIVAL MATERIALS ASSOCIATED WITH RAILROADING IN COLORADO AND THE ROCKY MOUNTAIN REGION. THE MUSEUM'S RESEARCH LIBRARY IS THE SECOND LARGEST OF ITS KIND, AND LIBRARY VOLUNTEERS ARE RECOGNIZED FOR THEIR IN-DEPTH KNOWLEDGE OF WESTERN RAILROADS AND THEIR LINES. AUTHORS OF ALL GENRES MAY BE FOUND RESEARCHING TIMETABLES, PAYROLL RECORDS AND PHOTOGRAPHS FOR THEIR PROJECTS. THE MUSEUM LIBRARY IS ALSO HOME TO AN EXTENSIVE COLLECTION OF RAILROAD RELATED ART, SOME OF IT PAINTED BY WORLD-FAMOUS ARTISTS, AND DONATED TO THE MUSEUM BY DEDICATED COLLECTORS. THIS COLLECTION IS SOMETIMES LOANED TO OTHER INSTITUTIONS IN COLLABORATIVE EFFORTS. SINCE 1961 THE MUSEUM HAS PUBLISHED OVER 50 SCHOLARLY BOOKS AND PAMPHLETS ON THE RAILROADS OF COLORADO AND THE WEST THAT ARE INTERNATIONALLY RECOGNIZED BY HISTORIANS. THE COLORADO RAILROAD MUSEUM HAS BEEN RANKED AMONG THE TOP 25 DENVER AREA ATTRACTIONS BY DENVER BUSINESS JOURNAL AND AS ONE OF THE TOP 10 PAID ATTRACTIONS BY VISIT DENVER.THE COLORADO RAILROAD MUSEUM CONTINUES TO FOCUS ON CONSERVATION AND RESTORATION OF ITS FULL-SIZE RAIL VEHICLE COLLECTION. THE IMPORTANCE OF RESTORATION AND MAINTENANCE OF HISTORIC ROLLING STOCK CANNOT BE OVERSTATED. BY ENSURING THAT VISITORS ARE ABLE TO VIEW AND SOMETIMES RIDE PAINSTAKINGLY RESTORED RAILROAD ARTIFACTS, WE ARE ABLE TO BRING HISTORY TO LIFE AND TO INSPIRE OUR GUESTS TO LEARN MORE ABOUT HOW RAILROADS HAVE TRANSFORMED OUR STATE, THE NATION, AND THE ENTIRE WORLD. TOUR HOSTS ADDRESS THE WAYS IN WHICH RAILROADS CONTRIBUTED TO THE DYNAMIC ECONOMIC, SOCIAL, AND AGRICULTURAL CHANGES IN THE AMERICAN WEST, AND HELPED CREATE MODERN-DAY COLORADO.

Program 2
Expenses: $1,069,028 Revenue: $1,587,245

STARTING IN NOVEMBER OF 2014 AND RUNNING FOR ALMOST TWO MONTHS EACH WINTER HOLIDAY SEASON, THE STORY OF "THE POLAR EXPRESS" IS RE-CREATED. THIS THEATRICAL PRODUCTION BLENDS TOGETHER ACTORS, STAGE...

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STARTING IN NOVEMBER OF 2014 AND RUNNING FOR ALMOST TWO MONTHS EACH WINTER HOLIDAY SEASON, THE STORY OF "THE POLAR EXPRESS" IS RE-CREATED. THIS THEATRICAL PRODUCTION BLENDS TOGETHER ACTORS, STAGE PRODUCTIONS, DRAMATIC ENTRANCES, AND QUIET MOMENTS OF REFLECTION AS GUESTS ARE IMMERSED IN THE SIGHTS, SOUNDS AND INTRIGUE OF THIS CLASSIC CHILDREN'S TALE. AND OF COURSE, THE ENTIRE PRODUCTION IS THEMED AROUND A MAGICAL TRAIN RIDE, HELPING TO CONNECT COLORADO'S RICH RAILROAD HERITAGE WITH THE BROADER INFLUENCES OF AMERICAN POPULAR CULTURE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,449,595
Program Service Revenue $2,601,270
Investment Income $251,432
Other Revenue $155,030
TOTAL REVENUE $7,457,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,289,547
Fundraising Expenses $220,525
Program Expenses $3,141,261
Other Expenses $2,805,271
TOTAL EXPENSES $4,094,818

Year-over-Year Comparison

2024 2023 Change
Revenue $7,457,327 $3,542,093 +1.1%
Expenses $4,094,818 $3,395,532 +0.2%
Net Income $3,362,509 $146,561 +21.9%
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
28
Volunteers
239

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
5
$158,721
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL HAMMOND EXECUTIVE DIRECTOR 40.00
Officer
$116,967 $41,754 $158,721
KATY ZIEGLER PRESIDENT 0.50
Officer Director
$0 $0 $0
TOM RICHARDSON SECRETARY 0.50
Officer Director
$0 $0 $0
MICHAEL MAGLIERI TREASURER 0.50
Officer Director
$0 $0 $0
DOUG JUNDA TRUSTEE 0.50
Director
$0 $0 $0
JEFF LILLO TRUSTEE 0.50
Director
$0 $0 $0
MICHELE MILLER TRUSTEE 0.50
Director
$0 $0 $0
LAUREN GIEBLER VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MARLENE PAKISH TRUSTEE 0.50
Director
$0 $0 $0
KEITH HAYES TRUSTEE 0.50
Director
$0 $0 $0
JOHN BUSH TRUSTEE 0.50
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 $7,457,327 $4,094,818 $20,381,639 $3,362,509
2023 $3,542,093 $3,395,532 $12,742,326 $146,561
2022 $4,316,138 $2,742,705 $12,236,604 $1,573,433
2021 $3,773,051 $2,249,552 $11,069,630 $1,523,499
2020 $2,189,656 $2,014,587 $8,881,093 $175,069
2019 $3,069,823 $2,558,172 $8,924,564 $511,651
2018 $2,997,845 $2,098,427 $7,993,893 $899,418
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