THE PENNSYLVANIA RAILROAD T1 STEAM LOCOMOTIVE TRUST INC Charity Report

Public IRS 990 nonprofit record

THE PENNSYLVANIA RAILROAD T1 STEAM LOCOMOTIVE TRUST INC

EIN 46-4279374 · Historical Organizations (A80)

What they do

WELCOME to THE OFFICIAL WEBSITE of THE PRR T1 STEAM LOCOMOTIVE TRUSTAN AMBITIOUS and INSPIRING PROJECT to REIGNITE THE GOLDEN AGE of STEAM and CELEBRATE AMERICAN INNOVATION. THE T1 TRUST is MORE THAN JUST A PRESERVATION EFFORT; IT is A BOLD MOVEMENT to HONOR OUR RICH RAILROAD HERITAGE WHILE PUSHING THE BOUNDARIES of WHATS POSSIBLE. WITH THE PASSION of DEDICATED VOLUNTEERS, THE INGENUITY of SKILLED ENGINEERS, and THE GENEROSITY of SUPPORTERS FROM AROUND THE GLOBE, WE ARE BRINGING PRR T1 NO. 5550 to LIFE. THIS STUNNING LOCOMOTIVE, A MASTERPIECE of ART DECO DESIGN PAIRED WITH CUTTING-EDGE 20TH-CENTURY ENGINEERING, is SET to BECOME THE 53RD T1 CLASS ENGINE EVER BUILT. FEATURING ITS ICONIC 4- 4-4-4 WHEEL ARRANGEMENT, 5550 PROMISES to CAPTIVATE THE IMAGINATION of RAIL ENTHUSIASTS and REKINDLE THE MAGIC of MAINLINE STEAM TRAVEL. OUR MISSION DOESNT STOP AT PRESERVING HISTORY; WE ARE MAKING HISTORY. THE PRR T1 5550 WILL NOT ONLY SERVE AS AN AWE-INSPIRING MAINLINE EXCURSION ENGINE BUT WILL ALSO

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $23.20 was reported for mission work and $37.50 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

1.87%of revenue went to mission work23.2% of expenses · Program services

3.02%of revenue went to fundraising37.5% of expenses

$8.06spent for every $100 of revenueRevenue covered expenses this year.

3.17%of revenue went to management and office costs39.3% of expenses

$42.95in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$317,599

Mission workProgram services$5,9321.87% of revenue23.2% of expenses

ManagementOffice and general costs$10,0553.17% of revenue39.3% of expenses

FundraisingAsking for donations$9,6003.02% of revenue37.5% of expenses

Revenue left after expensesReported annual surplus$292,01291.94% of revenueShown in gray on the chart

Total expenses$25,5878.06% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 37.5% of spending went to fundraising and 23.2% went to mission work. Ask the charity to explain these numbers and show recent results.

Money in and money out

Revenue$317,599

Expenses$25,587

Annual surplus $292,012 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,932 · 23.2% of expenses

Management and office costs$10,055 · 39.3% of expenses

Fundraising$9,600 · 37.5% of expenses

See all reported dollar amounts

Revenue$317,599

Expenses$25,587

Assets$1,098,956

Income$317,599

Contributions$317,599

Mission work (program services)$5,932

Fundraising$9,600

Management and general$10,055

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

BEN CUSTERSECRETARY

BRADFORD NOBLEPRESIDENT

CODY DOSCHERTRUSTEE

DAN SMITHTRUSTEE

DANIEL REILLYTRUSTEE

GILBERT WILSHIRETRUSTEE

JONATHAN STONETRUSTEE

KENNETH DREWERY IITRUSTEE

NATHAN CLARKTREASURER

About this charity

Recognized since: January 2014
Location: 5601 AUTUMN RIDGE CT, COLUMBIA, MO 65203-9074
County: Boone
In care of: BRADFORD NOBLE
Primary officer: BRADFORD NOBLE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(573) 447-1777

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MILLER BALES & COMPANY PC
NTEE classification: Historical Organizations (A80)
IRS tax category: Historical Organizations