Civic Intelligence

Abilene & Smokey Valley Railroad As

EIN 48-1136101 • 501(c)3 • Abilene, KS

Profile

Promote and preserve the railroad history of the area through tourist train rides and membership dues and donations.

PO Box 744Abilene, KS 67410

asvrr.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.33x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.24x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$20,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

78th percentile

24%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

31%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$511,151

Up $97,546 (+24%) from 2023

Liabilities

Up

$170,850

Up $93,943 (+122%) from 2023

Net Assets

Up

$340,301

Up $3,603 (+1.1%) from 2023

Revenue

Up

$700,796

Up $166,386 (+31%) from 2023

Expenses

Up

$697,193

Up $188,119 (+37%) from 2023

Net Income

Down

$3,603

Down $21,733 (-86%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $202,241Liabilities 2010: $28,797Net Assets 2010: $173,4442010Assets 2011: $151,068Liabilities 2011: $24,815Net Assets 2011: $126,2532011Assets 2012: $119,561Liabilities 2012: $20,250Net Assets 2012: $99,3112012Assets 2013: $99,298Liabilities 2013: $17,250Net Assets 2013: $82,0482013Assets 2014: $81,426Liabilities 2014: $10,370Net Assets 2014: $71,0562014Assets 2015: $94,401Liabilities 2015: $5,143Net Assets 2015: $89,2582015Assets 2016: $79,948Liabilities 2016: $294Net Assets 2016: $79,6542016Assets 2017: $95,674Liabilities 2017: $294Net Assets 2017: $95,3802017Assets 2018: $88,845Liabilities 2018: $294Net Assets 2018: $88,5512018Assets 2019: $93,253Liabilities 2019: $294Net Assets 2019: $92,9592019Assets 2020: $129,991Liabilities 2020: $294Net Assets 2020: $129,6972020Assets 2021: $165,604Liabilities 2021: $294Net Assets 2021: $165,3102021Assets 2022: $419,022Liabilities 2022: $107,660Net Assets 2022: $311,3622022Assets 2023: $413,605Liabilities 2023: $76,907Net Assets 2023: $336,6982023Assets 2024: $511,151Liabilities 2024: $170,850Net Assets 2024: $340,3012024

Highlighted filing

2024

Assets$511,151
Liabilities$170,850
Net Assets$340,301

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $137,616Expenses 2010: $157,804Net Income 2010: -$20,1882010Revenue 2011: $104,464Expenses 2011: $151,655Net Income 2011: -$47,1912011Revenue 2012: $116,263Expenses 2012: $143,205Net Income 2012: -$26,9422012Revenue 2013: $137,200Expenses 2013: $146,467Net Income 2013: -$9,2672013Revenue 2014: $266,462Expenses 2014: $277,454Net Income 2014: -$10,9922014Revenue 2015: $298,945Expenses 2015: $280,743Net Income 2015: $18,2022015Revenue 2016: $163,501Expenses 2016: $173,105Net Income 2016: -$9,6042016Revenue 2017: $175,696Expenses 2017: $156,381Net Income 2017: $19,3152017Revenue 2018: $161,712Expenses 2018: $160,224Net Income 2018: $1,4882018Revenue 2019: $183,212Expenses 2019: $178,804Net Income 2019: $4,4082019Revenue 2020: $172,889Expenses 2020: $136,151Net Income 2020: $36,7382020Revenue 2021: $225,137Expenses 2021: $189,524Net Income 2021: $35,6132021Revenue 2022: $528,986Expenses 2022: $333,389Net Income 2022: $195,5972022Revenue 2023: $534,410Expenses 2023: $509,074Net Income 2023: $25,3362023Revenue 2024: $700,796Expenses 2024: $697,193Net Income 2024: $3,6032024

Highlighted filing

2024

Revenue$700,796
Expenses$697,193
Net Income$3,603

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.11$1.71$3.40$7.01$6.97$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.14$0.77$3.37$5.34$5.09$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.19$1.08$3.11$5.29$3.33$1.96
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.65$2.25$1.90$0.36
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.73$1.36$0.37
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.83$1.79$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.62$1.60$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.95$1.76$1.56$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$1.64$1.73$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.05$0.89$2.99$2.81$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.10$0.71$2.66$2.77$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.17$0.82$1.37$1.46$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.20$0.99$1.16$1.43$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.25$1.26$1.04$1.52$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.29$1.73$1.38$1.58$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 5, 2025
Return Version
2024v5.0
Gross Receipts
$752,789
Mission and Program Overview

Mission

Promote/preserve railroad history

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$348,118$371,322▲ $23,204
Savings and Temporary Cash Investments$18,503$43,184▲ $24,681
Cash and Non-Interest-Bearing Accounts$27,819$29,479▲ $1,660
Inventories for Sale or Use$19,165$18,368▼ $797
Prepaid Expenses and Deferred Charges-$100-
Total Assets$413,605$511,151▲ $97,546
Other Assets Total-$48,698-
Liabilities
Other Liabilities$75,314$167,613▲ $92,299
Accounts Payable and Accrued Expenses$1,593$3,237▲ $1,644
Total Liabilities$76,907$170,850▲ $93,943
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$336,698$340,301▲ $3,603
Total Net Assets Fund Balance$336,698$340,301▲ $3,603
Total Liabilities and Net Assets / Fund Balance$413,605$511,151▲ $97,546

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$336,096$1,071,685$1,407,781
Buildings$23,226$17,411$40,637
Land$12,000-$12,000
Other Assets Org$48,698--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ross BoellingPresidentFT$20,000$20,000

Board Members and Trustees

NameTitle
Kevin BaileyMember
Randy ReynoldsMember
Steve SmethersSecretary
Jim WatersTreasurer
Steve SchwartingVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$54,252
Program Service Revenue
$602,127
Investment Income
$61
Other Revenue
$44,356
All Other Contributions
$53,037
Change in Net Assets
$3,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$623,961
Salaries, Compensation, and Employee Benefits$73,232
Total Fundraising Expense$1,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$69,552--$69,552
Depreciation Depletion$66,926--$66,926
Insurance$52,922$1,499-$54,421
Other Salaries and Wages$48,028--$48,028
Other Expenses$42,330$9,831-$42,330
Fees for Services Other$38,631--$38,631
Advertising$32,716--$32,716
Occupancy$28,070$3,214$607$31,891
All Other Expenses$24,656$4,621-$29,277
Current Officers, Directors, Trustees, and Key Employees$14,000$5,000$1,000$20,000
Travel$15,116$3,384-$18,500
Office Expenses$2,324$12,354-$14,678
Interest-$11,560-$11,560
Payroll Taxes$5,070$112$22$5,204
Fees for Services Accounting-$4,048-$4,048
Information Technology$3,127--$3,127
Total Functional Expenses$639,941$55,623$1,629$697,193
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$157,796
Sales Tax Payable$6,894
Payroll Liabilities$2,923
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Review by the board president.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Abilene and Smoky Valley Railroad
EIN
48-1136101
Phone
7852631077
Address
PO BOX 744, ABILENE, KS 67410

Signing Officer

Name
Ross Boelling
Title
President
Phone
7852631077
Signed
2025-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ross Boelling
Formed
1993
Voting Board Members
6
Independent Board Members
5
Employees
23
Volunteers
60

Preparer

Firm
Pottberg Gassman & Hoffman Chtd
Address
505 NW 3RD SUITE I, ABILENE, KS 67410
Preparer
Randy J Gassman CPA
Phone
7852632171
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Promote and preserve the railroad history of the area through tourist train rides and membership dues and donations. In 2024 we hosted 21,353 riders from 58% of kansas' communities, 45 states and over 10 foreign countries. Our market area includes denver to omaha to st. Lous to oklahoma city. We operated over 220 trains in 2024 from our historic 1887 rock island depot in abilene. We continued an aggressive marketing and branding effort through a number of social media, publication, and radio platforms. We continued our relationship with heritage rail management, durango, co. We expended our seasonal event train, "peanuts pumpkin patch express- and "cowtown santa express" trains with positive results. We also expanded our dinner train operations with an additional dining car that raised our captacity to 160 riders per train. We began developing an enhanced eductional program plan to tie railroads, our operating replica hoffman grist mill and general store, and the crop scenery along our right of way, into an exclusive oppoertunity for riders to experience the entire farm to table agricultural process during a single trip on our railroad. During 2024, we were named the official kansas heritage railroad by the kansas legislature through k.s.a. 73-4401. Our iconic 1919 steam locomotive atsf3415 was likewise named the official kansas steam locomotive through k.s.a. 73-4301. We also received k-state's huck boyd national institute for rural development as the 2024 huck boyd leaders of the year for tourism. We have a dedicated working board that meets monthly to oversee the operations of the organization and assist our general manager with a variety of necessary tasks.

Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/LandGrp/BookValueAmt012000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE AND PRESERVE THE RAILROAD HISTORY OF THE AREA THROUGH TOURIST TRAIN RIDES AND MEMBERSHIP DUES AND DONATIONS. IN 2024 WE HOSTED 21,353 RIDERS FROM 58% OF KANSAS' COMMUNITIES, 45 STATES AND OVER 10 FOREIGN COUNTRIES. OUR MARKET AREA INCLUDES DENVER TO OMAHA TO ST. LOUS TO OKLAHOMA CITY. WE OPERATED OVER 220 TRAINS IN 2024 FROM OUR HISTORIC 1887 ROCK ISLAND DEPOT IN ABILENE. WE CONTINUED AN AGGRESSIVE MARKETING AND BRANDING EFFORT THROUGH A NUMBER OF SOCIAL MEDIA, PUBLICATION, AND RADIO PLATFORMS. WE CONTINUED OUR RELATIONSHIP WITH HERITAGE RAIL MANAGEMENT, DURANGO, CO. WE EXPENDED OUR SEASONAL EVENT TRAIN, "PEANUTS PUMPKIN PATCH EXPRESS- AND "COWTOWN SANTA EXPRESS" TRAINS WITH POSITIVE RESULTS. WE ALSO EXPANDED OUR DINNER TRAIN OPERATIONS WITH AN ADDITIONAL DINING CAR THAT RAISED OUR CAPTACITY TO 160 RIDERS PER TRAIN. WE BEGAN DEVELOPING AN ENHANCED EDUCTIONAL PROGRAM PLAN TO TIE RAILROADS, OUR OPERATING REPLICA HOFFMAN GRIST MILL AND GENERAL STORE, AND THE CROP SCENERY ALONG OUR RIGHT OF WAY, INTO AN EXCLUSIVE OPPOERTUNITY FOR RIDERS TO EXPERIENCE THE ENTIRE FARM TO TABLE AGRICULTURAL PROCESS DURING A SINGLE TRIP ON OUR RAILROAD. DURING 2024, WE WERE NAMED THE OFFICIAL KANSAS HERITAGE RAILROAD BY THE KANSAS LEGISLATURE THROUGH K.S.A. 73-4401. OUR ICONIC 1919 STEAM LOCOMOTIVE ATSF3415 WAS LIKEWISE NAMED THE OFFICIAL KANSAS STEAM LOCOMOTIVE THROUGH K.S.A. 73-4301. WE ALSO RECEIVED K-STATE'S HUCK BOYD NATIONAL INSTITUTE FOR RURAL DEVELOPMENT AS THE 2024 HUCK BOYD LEADERS OF THE YEAR FOR TOURISM. WE HAVE A DEDICATED WORKING BOARD THAT MEETS MONTHLY TO OVERSEE THE OPERATIONS OF THE ORGANIZATION AND ASSIST OUR GENERAL MANAGER WITH A VARIETY OF NECESSARY TASKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-05
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0505 NW 3RD SUITE I
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDY J GASSMAN CPA
ReturnHeader/ReturnTs02025-07-10T11:22:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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