Civic Intelligence

Nevada Northern Railway Foundation

EIN 88-0203211 • 501(c)3 • Ely, NV

Profile

The primary purpose is to increase public awareness and appreciation for the history of white pine county. This is accomplished through the use of historic steam train rides and a museum dedicated to maintaining and preserving an integral part of its illustrious past.

PO Box 150040Ely, NV 89315

nevadanorthernrailway.net

Siviq Scores

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

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.25x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-7.3%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

0.0%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$11,225,440

Down $881,104 (-7.3%) from 2023

Liabilities

Down

$894,918

Down $402,571 (-31%) from 2023

Net Assets

Down

$10,330,522

Down $478,533 (-4.4%) from 2023

Revenue

Up

$3,641,442

Up $934 (+0.0%) from 2023

Expenses

Up

$4,119,975

Up $66,823 (+1.6%) from 2023

Net Income

Down

-$478,533

Down $65,889 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $8,708,290Liabilities 2010: $616,777Net Assets 2010: $8,091,5132010Assets 2011: $8,492,790Liabilities 2011: $600,761Net Assets 2011: $7,892,0292011Assets 2012: $8,940,965Liabilities 2012: $576,508Net Assets 2012: $8,364,4572012Assets 2013: $8,852,209Liabilities 2013: $578,828Net Assets 2013: $8,273,3812013Assets 2014: $8,651,048Liabilities 2014: $491,311Net Assets 2014: $8,159,7372014Assets 2015: $8,697,664Liabilities 2015: $460,664Net Assets 2015: $8,237,0002015Assets 2016: $10,009,823Liabilities 2016: $496,923Net Assets 2016: $9,512,9002016Assets 2017: $10,203,587Liabilities 2017: $535,619Net Assets 2017: $9,667,9682017Assets 2018: $10,194,797Liabilities 2018: $602,645Net Assets 2018: $9,592,1522018Assets 2019: $10,706,376Liabilities 2019: $1,276,646Net Assets 2019: $9,429,7302019Assets 2020: $11,564,662Liabilities 2020: $1,417,874Net Assets 2020: $10,146,7882020Assets 2021: $12,170,524Liabilities 2021: $1,169,634Net Assets 2021: $11,000,8902021Assets 2022: $12,315,978Liabilities 2022: $1,094,279Net Assets 2022: $11,221,6992022Assets 2023: $12,106,544Liabilities 2023: $1,297,489Net Assets 2023: $10,809,0552023Assets 2024: $11,225,440Liabilities 2024: $894,918Net Assets 2024: $10,330,5222024

Highlighted filing

2024

Assets$11,225,440
Liabilities$894,918
Net Assets$10,330,522

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $1,107,830Expenses 2010: $1,061,127Net Income 2010: $46,7032010Revenue 2011: $923,860Expenses 2011: $1,123,344Net Income 2011: -$199,4842011Revenue 2012: $1,607,835Expenses 2012: $1,135,407Net Income 2012: $472,4282012Revenue 2013: $1,196,871Expenses 2013: $1,287,947Net Income 2013: -$91,0762013Revenue 2014: $1,205,855Expenses 2014: $1,319,499Net Income 2014: -$113,6442014Revenue 2015: $1,404,521Expenses 2015: $1,327,258Net Income 2015: $77,2632015Revenue 2016: $2,798,194Expenses 2016: $1,522,294Net Income 2016: $1,275,9002016Revenue 2017: $1,861,188Expenses 2017: $1,706,120Net Income 2017: $155,0682017Revenue 2018: $1,776,132Expenses 2018: $1,870,201Net Income 2018: -$94,0692018Revenue 2019: $2,226,994Expenses 2019: $2,403,551Net Income 2019: -$176,5572019Revenue 2020: $2,782,544Expenses 2020: $2,082,409Net Income 2020: $700,1352020Revenue 2021: $3,367,956Expenses 2021: $2,513,854Net Income 2021: $854,1022021Revenue 2022: $3,161,357Expenses 2022: $2,940,548Net Income 2022: $220,8092022Revenue 2023: $3,640,508Expenses 2023: $4,053,152Net Income 2023: -$412,6442023Revenue 2024: $3,641,442Expenses 2024: $4,119,975Net Income 2024: -$478,5332024

Highlighted filing

2024

Revenue$3,641,442
Expenses$4,119,975
Net Income-$478,533

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.89$10.3$3.64$4.12$0.48
2023Detailed filing. Detailed filing data is available for this year.$12.1$1.30$10.8$3.64$4.05$0.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.09$11.2$3.16$2.94$0.22
2021Detailed filing. Detailed filing data is available for this year.$12.2$1.17$11.0$3.37$2.51$0.85
2020Detailed filing. Detailed filing data is available for this year.$11.6$1.42$10.1$2.78$2.08$0.70
2019Summary only. Only limited summary data is available for this year.$10.7$1.28$9.43$2.23$2.40$0.18
2018Summary only. Only limited summary data is available for this year.$10.2$0.60$9.59$1.78$1.87$0.09
2017Summary only. Only limited summary data is available for this year.$10.2$0.54$9.67$1.86$1.71$0.16
2016Summary only. Only limited summary data is available for this year.$10.0$0.50$9.51$2.80$1.52$1.28
2015Summary only. Only limited summary data is available for this year.$8.70$0.46$8.24$1.40$1.33$0.08
2014Summary only. Only limited summary data is available for this year.$8.65$0.49$8.16$1.21$1.32$0.11
2013Summary only. Only limited summary data is available for this year.$8.85$0.58$8.27$1.20$1.29$0.09
2012Summary only. Only limited summary data is available for this year.$8.94$0.58$8.36$1.61$1.14$0.47
2011Summary only. Only limited summary data is available for this year.$8.49$0.60$7.89$0.92$1.12$0.20
2010Summary only. Only limited summary data is available for this year.$8.71$0.62$8.09$1.11$1.06$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$3,641,442
Mission and Program Overview

Mission

The primary purpose is to increase public awareness and appreciation for the history of White Pine County, Nevada. This is accomplished through the use of historic steam train rides and a museum dedicated to maintaining and preserving an integral part of its illustrious past.It is the Museum's mission: to preserve and restore to operating condition, the complete collection of the Nevada Northern Railway for the education and enjoyment of present and Future generations, to preserve the museum's seventy-two buildings and structures for the permanent protection and display of the locomotives, railroad cars and equipment,to perpetuate the memory of the "can-do" spirit and vision that built not only Nevada but the United States, to teach and make available the indispensable heritage industrial arts, mechanical skills and techniques needed to preserve, maintain and operate all components of the railroad.

The primary purpose is to increase public awareness and appreciation for the history of white pine county. This is accomplished through the use of historic steam train rides and a museum dedicated to maintaining and preserving an integral part of its illustrious past.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,577,371$11,030,161▼ $547,210
Cash and Non-Interest-Bearing Accounts$415,937$121,245▼ $294,692
Inventories for Sale or Use$46,427$56,576▲ $10,149
Accounts Receivable$15,846--
Pledges and Grants Receivable$42,662$9,157▼ $33,505
Total Assets$12,106,544$11,225,440▼ $881,104
Other Assets Total$8,301$8,301→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$634,492--
Deferred Revenue$443,032$376,362▼ $66,670
Unsecured Notes Loans Payable-$262,035-
Accounts Payable and Accrued Expenses$166,850$203,406▲ $36,556
Other Liabilities$53,115$53,115→ $0
Total Liabilities$1,297,489$894,918▼ $402,571
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,059,837$6,059,837→ $0
Net Assets Without Donor Restrictions$4,749,218$4,270,685▼ $478,533
Total Net Assets Fund Balance$10,809,055$10,330,522▼ $478,533
Total Liabilities and Net Assets / Fund Balance$12,106,544$11,225,440▼ $881,104

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,030,161$7,689,846-
Compensation and Service Providers

Board Members and Trustees

NameTitle
John GianoliChairman
Mark BassettPresident
Carl MarshVice Chairman
Bruce WycoffDirector
Caroline McintoshDirector
Jeri-lynn Harper-williamsDirector
Jim AlworthDirector
Roger BowersDirector
Joan BassettSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,270,499
Program Service Revenue
$1,022,202
Investment Income
$307
Other Revenue
$348,434
Change in Net Assets
$-478,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,812,921
Salaries, Compensation, and Employee Benefits$1,307,054
Total Fundraising Expense$354,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,030,730$54,249$20,722$1,084,979
Other Salaries and Wages$802,529$44,585$44,585$891,699
Depreciation Depletion$526,887--$526,887
All Other Expenses$54,465$4,539$264,743$323,747
Fees for Services Legal-$245,176-$245,176
Current Officers, Directors, Trustees, and Key Employees$90,000$90,000$2,407$182,407
Advertising$159,144$8,841$8,841$176,826
Occupancy$82,571$9,175-$91,746
Payroll Taxes$73,952$4,108$4,108$82,168
Interest$72,409$6,034$2,011$80,454
Pension Plan Contributions$68,575$3,810$3,810$76,195
Other Employee Benefits$67,127$3,729$3,729$74,585
Fees for Services Other-$40,447-$40,447
Fees for Services Lobbying-$17,500-$17,500
Total Functional Expenses$3,204,575$560,444$354,956$4,119,975
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
Other Liabilities$53,115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

AVAILABLE UPON REQUEST

Members or stockholder classes and rights Part VI line 6

AVAILABLE UPON REQUEST

Member election for additional members Part VI line 7A

AVAILABLE UPON REQUEST

Form 990 governing body review Part VI line 11

AVAILABLE UPON REQUEST

Conflict of interest policy compliance Part VI line 12C

AVAILABLE UPON REQUEST

CEO executive director top management comp Part VI line 15A

AVAILABLE UPON REQUEST

Governing documents etc available to public Part VI line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Nevada Northern Railway Foundation
EIN
88-0203211
In Care Of
% MARK BASSETT
Phone
7752892085
Address
PO BOX 150040, ELY, NV 89315

Signing Officer

Name
Mark Bassett
Title
President
Phone
7752892085
Signed
2025-11-14
Discuss with paid preparer
No

Organization Details

Formed
1985
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
39

Preparer

Firm
Centennial CPA
Address
7251 West Lake Mead Blvd 300, Las Vegas, NV 89128
Preparer
Charlie O Ezuma CPA
Phone
7024627277
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IRS990/MissionDesc0THE PRIMARY PURPOSE IS TO INCREASE PUBLIC AWARENESS AND APPRECIATION FOR THE HISTORY OF WHITE PINE COUNTY. THIS IS ACCOMPLISHED THROUGH THE USE OF HISTORIC STEAM TRAIN RIDES AND A MUSEUM DEDICATED TO MAINTAINING AND PRESERVING AN INTEGRAL PART OF ITS ILLUSTRIOUS PAST.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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