Civic Intelligence

North Carolina Transportation Museum Foundation

990 • Fiscal year 2016 • EIN 58-1315178

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileNCTRANS.ORG
PO Box 69Spencer, NC 28159-0007

(704) 636-2889

Siviq Scores

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

Liabilities / Assets

67th percentile

0.10x

Higher debt load relative to assets than 67% of similar nonprofits.

2016 filings • NTEE A • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

63rd percentile

0.15x

Higher debt load relative to revenue than 63% of similar nonprofits.

2016 filings • NTEE A • $5M-$10M nonprofits • Source year 2016

Net Margin

20th percentile

-17%

Higher net margin than 20% of similar nonprofits.

2016 filings • NTEE A • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE A • $5M-$10M nonprofits • Source year 2016

Asset Growth

10th percentile

-8.1%

Faster asset growth than 10% of similar nonprofits.

2016 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

86%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$5,343,829

Down $471,307 (-8.1%) from 2015

Net Assets

Down

$4,833,568

Down $574,172 (-11%) from 2015

Liabilities

Up

$510,261

Up $102,865 (+25%) from 2015

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin20th percentile

Revenue

Up

$3,380,882

Up $1,559,734 (+86%) from 2015

Expenses

Up

$3,955,054

Up $1,267,765 (+47%) from 2015

Net Income

Up

-$574,172

Up $291,969 (+34%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$15M$10M$5.0M$0Assets 2011: $5,989,290Liabilities 2011: $53,622Net Assets 2011: $5,935,6682011Assets 2012: $6,375,616Liabilities 2012: $250,081Net Assets 2012: $6,125,5352012Assets 2013: $6,364,030Liabilities 2013: $147,883Net Assets 2013: $6,216,1472013Assets 2014: $6,434,460Liabilities 2014: $160,579Net Assets 2014: $6,273,8812014Assets 2015: $5,815,136Liabilities 2015: $407,396Net Assets 2015: $5,407,7402015Assets 2016: $5,343,829Liabilities 2016: $510,261Net Assets 2016: $4,833,5682016Assets 2017: $5,274,875Liabilities 2017: $454,784Net Assets 2017: $4,820,0912017Assets 2018: $5,977,663Liabilities 2018: $494,015Net Assets 2018: $5,483,6482018Assets 2019: $6,601,457Liabilities 2019: $631,748Net Assets 2019: $5,969,7092019Assets 2020: $6,594,255Liabilities 2020: $375,303Net Assets 2020: $6,218,9522020Assets 2021: $8,726,700Liabilities 2021: $780,103Net Assets 2021: $7,946,5972021Assets 2022: $11,455,078Liabilities 2022: $1,051,660Net Assets 2022: $10,403,4182022Assets 2023: $12,498,628Liabilities 2023: $1,670,240Net Assets 2023: $10,828,3882023Assets 2024: $13,384,041Liabilities 2024: $2,066,667Net Assets 2024: $11,317,3742024Assets 2025: $14,089,178Liabilities 2025: $2,394,699Net Assets 2025: $11,694,4792025

Highlighted filing

2016

Assets$5,343,829
Liabilities$510,261
Net Assets$4,833,568
Open 2016 Filing

Operations Trend

Revenue Growth93rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,820,642Expenses 2011: $1,728,699Net Income 2011: $91,9432011Revenue 2012: $1,431,941Expenses 2012: $1,242,074Net Income 2012: $189,8672012Expenses 2013: $1,456,2252013Revenue 2014: $1,724,325Expenses 2014: $1,666,591Net Income 2014: $57,7342014Revenue 2015: $1,821,148Expenses 2015: $2,687,289Net Income 2015: -$866,1412015Revenue 2016: $3,380,882Expenses 2016: $3,955,054Net Income 2016: -$574,1722016Revenue 2017: $3,416,409Expenses 2017: $3,429,886Net Income 2017: -$13,4772017Revenue 2018: $4,465,482Expenses 2018: $3,801,925Net Income 2018: $663,5572018Revenue 2019: $5,135,365Expenses 2019: $4,649,304Net Income 2019: $486,0612019Revenue 2020: $4,812,064Expenses 2020: $4,562,821Net Income 2020: $249,2432020Revenue 2021: $3,656,960Expenses 2021: $1,929,315Net Income 2021: $1,727,6452021Revenue 2022: $7,616,895Expenses 2022: $5,136,515Net Income 2022: $2,480,3802022Revenue 2023: $6,120,680Expenses 2023: $5,720,976Net Income 2023: $399,7042023Revenue 2024: $6,894,716Expenses 2024: $6,460,805Net Income 2024: $433,9112024Revenue 2025: $8,051,419Expenses 2025: $7,695,054Net Income 2025: $356,3652025

Highlighted filing

2016

Revenue$3,380,882
Expenses$3,955,054
Net Income-$574,172
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$3,930,826
Mission and Program Overview

Mission

Preserve and interpret the history of transportation in north carolina and present this history in a manner that allows visitors to enjoy their experience as well as learn from it.

Provides development and support for the nc transportation museum. The foundation assists with fund-raising for preservation projects and educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,278,695$1,648,266▼ $630,429
Inventories for Sale or Use$206,337$253,923▲ $47,586
Land, Buildings, and Equipment, Net$100,600$135,660▲ $35,060
Prepaid Expenses and Deferred Charges$54,247$67,190▲ $12,943
Pledges and Grants Receivable$103,505$51,805▼ $51,700
Accounts Receivable$112,862$49,587▼ $63,275
Investments in Publicly Traded Securities$18,114--
Total Assets$5,815,136$5,343,829▼ $471,307
Other Assets Total$2,940,776$3,137,398▲ $196,622
Liabilities
Accounts Payable and Accrued Expenses$140,409$291,417▲ $151,008
Mortgage Notes Payable Secured by Investment Property$240,000$207,600▼ $32,400
Deferred Revenue$26,987$11,244▼ $15,743
Total Liabilities$407,396$510,261▲ $102,865
Net Assets / Fund Balance
Unrestricted Net Assets$3,985,509$4,323,460▲ $337,951
Temporarily Rstr Net Assets$1,422,231$510,108▼ $912,123
Total Net Assets Fund Balance$5,407,740$4,833,568▼ $574,172
Total Liabilities and Net Assets / Fund Balance$5,815,136$5,343,829▼ $471,307

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$135,660$199,961$335,621
Other Assets Org$73,540--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Steve MerschPresident
Barry WhitlowDirector
Bill WilkersonDirector
Durwood LaughinghouseDirector
Jerry ShepardsonDirector
Jim FreemanDirector
Marcus NeubacherDirector
Kelly AlexanderExecutive Di
Roy JohnsonSecretary
Sturges BryanTreasurer
Bruce EssickVice Preside
Jim WrinnVice Preside
Leonard MartinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$379,249
Program Service Revenue
$2,866,770
Investment Income
$14,193
Other Revenue
$120,670
All Other Contributions
$349,249
Change in Net Assets
$-574,172

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,380,882
Total Revenue per Audited Statements
$3,380,882
Total Revenue per Form 990
$3,380,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,611,362
Salaries, Compensation, and Employee Benefits$343,692
Total Fundraising Expense$101,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$758,218--$758,218
Fees for Services Other$407,969--$407,969
Other Salaries and Wages$193,794$88,919$32,598$315,311
All Other Expenses$234,252$23,333$33,303$290,888
Travel$134,337$17,709-$152,046
Insurance$122,957$11,674-$134,631
Advertising$117,764--$117,764
Office Expenses$32,454$26,282$24,283$83,019
Other Expenses$72,608--$72,608
Fees for Services Legal$20,100$44,052-$64,152
Payroll Taxes$11,592$9,843$2,924$24,359
Information Technology-$16,779$7,089$23,868
Fees for Services Lobbying-$15,778-$15,778
Occupancy-$4,800-$4,800
Pension Plan Contributions-$2,772$1,250$4,022
Interest$3,600--$3,600
Total Functional Expenses$3,591,666$261,941$101,447$3,955,054

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,955,054
Total Expenses per Audited Statements$3,955,054
Total Expenses per Form 990$3,955,054
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

“The chief operating officer and finance committee review a draft of the 990 and discuss any obersrvations, questions or changes with the cpa retrun preparer. Members of the board of directors are forwarded a copy of the 990 for their review and given an opportunity to reply to management with any observations, questions or changes.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is distributed annually to board members and staff, who are asked to sign the policy and reveal in writing any potential conflicts of interest. Board members and staff are reminded at meetings and in official communications to recuse themselves from any actions where a potential conflict may exist. If it is revealed that a board member has violated the conflict of interest policy they are removed from the governing board.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy and financial statements are made accessible in the business office and available for inspection to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Nc Transportation Museum Foundation
EIN
58-1315178
Phone
7046362889
Address
PO BOX 69, SPENCER, NC 28159-0007

Signing Officer

Name
Steve Mersch
Title
President
Phone
7046362889
Signed
2017-05-11

Organization Details

Principal Officer
Steve Mersch
Formed
1977
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
25
Volunteers
250

Preparer

Firm
Brent H Parks CPA Pa
Address
1816 E INNES ST STE 101, SALISBURY, NC 28146-6027
Preparer
Brent H Parks
Phone
7046338700
Supplemental Narrative

Additional Explanations

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

“Train excursions, thomas the tank rides and other special events held during the year to promote and educate the public of railroad transportation and provide riding experiences.”

Form 990, Part IX, Line 11G

“Special events contracted services 407,969 0 0”

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

“Collections represent railroad rolling stock, aircraft and other transportation related vehicles and equipment that were historically significant in the development of transportation in our country. These items have been restored and are perpetually preserved as museum exhibits for the education of current and future generations.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLECTIONS REPRESENT RAILROAD ROLLING STOCK, AIRCRAFT AND OTHER TRANSPORTATION RELATED VEHICLES AND EQUIPMENT THAT WERE HISTORICALLY SIGNIFICANT IN THE DEVELOPMENT OF TRANSPORTATION IN OUR COUNTRY. THESE ITEMS HAVE BEEN RESTORED AND ARE PERPETUALLY PRESERVED AS MUSEUM EXHIBITS FOR THE EDUCATION OF CURRENT AND FUTURE GENERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART III, LINE 4
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,343,829
Liabilities
$510,261
Net assets
$4,833,568
Revenue
$3,380,882
Expenses
$3,955,054
Net income
-$574,172
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$2.39$11.7$8.05$7.70$0.36
2024Summary only. Only limited summary data is available for this year.$13.4$2.07$11.3$6.89$6.46$0.43
2023Summary only. Only limited summary data is available for this year.$12.5$1.67$10.8$6.12$5.72$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$1.05$10.4$7.62$5.14$2.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.73$0.78$7.95$3.66$1.93$1.73
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.59$0.38$6.22$4.81$4.56$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$0.63$5.97$5.14$4.65$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.98$0.49$5.48$4.47$3.80$0.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.27$0.45$4.82$3.42$3.43$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.34$0.51$4.83$3.38$3.96$0.57
2015Detailed filing. Detailed filing data is available for this year.$5.82$0.41$5.41$1.82$2.69$0.87
2014Detailed filing. Detailed filing data is available for this year.$6.43$0.16$6.27$1.72$1.67$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$0.15$6.22$1.46
2012Summary only. Only limited summary data is available for this year.$6.38$0.25$6.13$1.43$1.24$0.19
2011Summary only. Only limited summary data is available for this year.$5.99$0.05$5.94$1.82$1.73$0.09