Civic Intelligence

Wilmington Railroad Museum Foundation Inc.

990 • Fiscal year 2025 • EIN 56-1537564

Apr 01, 2024 to Mar 31, 2025

505 Nutt StWilmington, NC 28401

(910) 763-2634

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Net Margin

47th percentile

5.1%

Higher net margin than 47% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Top Officer Pay

98th percentile

$63,500

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Asset Growth

49th percentile

4.7%

Faster asset growth than 49% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

48th percentile

1.8%

Faster revenue growth than 48% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$390,116

Up $17,505 (+4.7%) from 2024

Net Assets

Up

$390,116

Up $17,505 (+4.7%) from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue

Up

$341,845

Up $6,111 (+1.8%) from 2024

Expenses

Up

$324,455

Up $14,536 (+4.7%) from 2024

Net Income

Down

$17,390

Down $8,425 (-33%) from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $92,123Liabilities 2011: $3,489Net Assets 2011: $88,6342011Assets 2012: $77,847Liabilities 2012: $3,637Net Assets 2012: $74,2102012Assets 2013: $57,730Liabilities 2013: $3,756Net Assets 2013: $53,9742013Assets 2014: $64,657Liabilities 2014: $4,876Net Assets 2014: $59,7812014Assets 2015: $50,669Liabilities 2015: $2,450Net Assets 2015: $48,2192015Assets 2016: $134,864Liabilities 2016: $4,100Net Assets 2016: $130,7642016Assets 2017: $133,305Liabilities 2017: $1,824Net Assets 2017: $131,4812017Assets 2018: $134,205Liabilities 2018: $2,815Net Assets 2018: $131,3902018Assets 2019: $85,004Liabilities 2019: $1,896Net Assets 2019: $83,1082019Assets 2020: $112,114Liabilities 2020: $0Net Assets 2020: $112,1142020Assets 2021: $249,655Liabilities 2021: $29,0962021Assets 2022: $314,348Liabilities 2022: $0Net Assets 2022: $314,3482022Assets 2023: $346,796Liabilities 2023: $0Net Assets 2023: $346,7962023Assets 2024: $372,611Liabilities 2024: $0Net Assets 2024: $372,6112024Assets 2025: $390,116Liabilities 2025: $0Net Assets 2025: $390,1162025

Highlighted filing

2025

Assets$390,116
Liabilities$0
Net Assets$390,116

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $142,328Expenses 2011: $160,558Net Income 2011: -$18,2302011Revenue 2012: $155,374Expenses 2012: $169,798Net Income 2012: -$14,4242012Revenue 2013: $155,116Expenses 2013: $175,352Net Income 2013: -$20,2362013Revenue 2014: $183,019Expenses 2014: $177,212Net Income 2014: $5,8072014Revenue 2015: $158,617Expenses 2015: $164,773Net Income 2015: -$6,1562015Revenue 2016: $259,219Expenses 2016: $176,674Net Income 2016: $82,5452016Revenue 2017: $183,653Expenses 2017: $186,955Net Income 2017: -$3,3022017Revenue 2018: $187,771Expenses 2018: $193,892Net Income 2018: -$6,1212018Revenue 2019: $167,905Expenses 2019: $197,669Net Income 2019: -$29,7642019Revenue 2020: $184,393Expenses 2020: $155,387Net Income 2020: $29,0062020Revenue 2021: $167,618Expenses 2021: $114,105Net Income 2021: $53,5132021Revenue 2022: $269,852Expenses 2022: $188,455Net Income 2022: $81,3972022Revenue 2023: $254,631Expenses 2023: $222,183Net Income 2023: $32,4482023Revenue 2024: $335,734Expenses 2024: $309,919Net Income 2024: $25,8152024Revenue 2025: $341,845Expenses 2025: $324,455Net Income 2025: $17,3902025

Highlighted filing

2025

Revenue$341,845
Expenses$324,455
Net Income$17,390
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Apr 6, 2026
Return Version
2024v5.1
Gross Receipts
$389,340
Mission and Program Overview

Mission

The Wilmington Railroad Museum WRRM in Wilmington North Carolina preserves and shares the history of Wilmingtons railroads. The museums missions to educate the public about the areas railroad history and to preserve the legacy of the Atlantic Coast Line Railroad.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$169,976$186,048▲ $16,072
Land, Buildings, and Equipment, Net$93,608$114,392▲ $20,784
Cash and Non-Interest-Bearing Accounts$109,142$89,676▼ $19,466
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$372,726$390,116▲ $17,390
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$372,726$390,116▲ $17,390
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$372,726$390,116▲ $17,390
Total Liabilities and Net Assets / Fund Balance$372,726$390,116▲ $17,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$114,392$72,479$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Holli SapersteinExecutive DirectorFT$63,500$63,500

Board Members and Trustees

NameTitle
Howard SprowPresident
Ron GuilluameVice President
Bill BrydenTrustee
Bill MasseyTrustee
Eric LautTrustee
Mark KoenigTrustee
Pete GrantTrustee
Rebekah CarmichaelTrustee
Scott WilliamsonTrustee
Zach RogersTrustee
Rodney StoopsSecretary
Skip BreyfogleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$93,912
Program Service Revenue
$209,869
Investment Income
$12,100
Other Revenue
$25,964
All Other Contributions
$63,482
Change in Net Assets
$17,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,840
Other Expenses$115,615
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$145,340$0$0$145,340
Occupancy$78,549$0$0$78,549
Current Officers, Directors, Trustees, and Key Employees$0$63,500$0$63,500
Office Expenses$19,628$0$0$19,628
Advertising$10,490$0$0$10,490
Insurance$2,949$0$0$2,949
Information Technology$2,312$0$0$2,312
Travel$1,687$0$0$1,687
Total Functional Expenses$260,955$63,500$0$324,455
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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

Part VI, Section B, Line 11B

Reviewed by board

Part VI, Section B, Line 15

| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Holli Saperstein, Yearly review, 2024|

Part VI, Section C, Line 19

Available to the public.

Filing and Contact Details

Filer

Filer Name
wrrm
EIN
56-1537564
Phone
9107632634
Address
505 Nutt St, Wilmington, NC 28401

Signing Officer

Name
Holli Saperstein
Title
Wilmington Railroad Museum
Phone
9107632634
Signed
2026-04-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Holli Saperstein
Formed
1979
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Doing Business As Names

wrrm

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012100
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt072479
IRS990/LandBldgEquipBasisNetGrp/BOYAmt093608
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0114392
IRS990/LandBldgEquipCostOrOtherBssAmt0186871
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt015975
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Wilmington Railroad Museum WRRM in Wilmington North Carolina preserves and shares the history of Wilmingtons railroads. The museums missions to educate the public about the areas railroad history and to preserve the legacy of the Atlantic Coast Line Railroad.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0372726
IRS990/NetAssetsOrFundBalancesEOYAmt0390116
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt025964
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt025964
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0372726
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0390116
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt078549
IRS990/OccupancyGrp/TotalAmt078549
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt019628
IRS990/OfficeExpensesGrp/TotalAmt019628
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0145340
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145340
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Holli Saperstein
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0712110
IRS990/ProgramServiceRevenueGrp/BusinessCd1712110
IRS990/ProgramServiceRevenueGrp/BusinessCd2712110
IRS990/ProgramServiceRevenueGrp/Desc0Admissions
IRS990/ProgramServiceRevenueGrp/Desc1Facilities rental
IRS990/ProgramServiceRevenueGrp/Desc2Museums
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0204960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13584
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0204960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21325
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Educate the public on the history and science of the railroad.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0105125
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Speaker series on historic topics
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03584
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt058642
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012807
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0136328
IRS990/PYOtherRevenueAmt058216
IRS990/PYProgramServiceRevenueAmt0206184
IRS990/PYRevenuesLessExpensesAmt025930
IRS990/PYSalariesCompEmpBnftPaidAmt0173591
IRS990/PYTotalExpensesAmt0309919
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0335849
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$3.42$3.24$0.17
2024Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.73$3.36$3.10$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$2.55$2.22$0.32
2022Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$2.70$1.88$0.81
2021Summary only. Only limited summary data is available for this year.$2.50$0.29$1.68$1.14$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$1.84$1.55$0.29
2019Summary only. Only limited summary data is available for this year.$0.85$0.02$0.83$1.68$1.98$0.30
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.03$1.31$1.88$1.94$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.02$1.31$1.84$1.87$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.04$1.31$2.59$1.77$0.83
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.48$1.59$1.65$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.05$0.60$1.83$1.77$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.04$0.54$1.55$1.75$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.04$0.74$1.55$1.70$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.03$0.89$1.42$1.61$0.18