B&O RAILROAD MUSEUM INC Charity Report

Public IRS 990 nonprofit record

B&O RAILROAD MUSEUM INC

EIN 52-1535426 · Arts, Culture & Humanities (A540)

What they do

to PRESERVE THE PHYSICAL LEGACY and THE EXPERIENCE of AMERICAN RAILROADING and to DEVELOP PROGRAMS WHICH BROADEN and DEEPEN PUBLIC APPRECIATION of THE PAST, PRESENT and FUTURE SIGIFICANCE of THE RAILROAD INDUSTRY IN THE DEVELOPMENT of AMERICAN LIFE BY COLLECTING, PRESERVING, and INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS of HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, and TOURS of OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION and RAILROAD CULTURE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 leaders37 people are listed in the latest report.

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

Money made simple

82.76%of revenue went to mission work81.1% of expenses · Program services

8.28%of revenue went to fundraising8.1% of expenses

$102.00spent for every $100 of revenueSpending was higher than revenue this year.

10.96%of revenue went to management and office costs10.7% of expenses

$6.36in assets for every $1 spent this yearSome assets cannot be spent right away.

43.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $145,797 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $265,534 for KRIS HOELLEN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

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$7,275,472

Mission workProgram services$6,021,44682.76% of revenue81.1% of expenses

ManagementOffice and general costs$797,38710.96% of revenue10.7% of expenses

FundraisingAsking for donations$602,4368.28% of revenue8.1% of expenses

Total expenses$7,421,269102.00% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.1% mission · 10.7% management · 8.1% fundraisingTotal expenses: 102.00% of revenue

2023Expense mix: 82.2% mission · 7.9% management · 9.9% fundraisingTotal expenses: 75.87% of revenue

2022Expense mix: 82.0% mission · 8.3% management · 9.7% fundraisingTotal expenses: 49.02% of revenue

2021Expense mix: 81.3% mission · 10.0% management · 8.7% fundraisingTotal expenses: 77.45% of revenue

2020Expense mix: 80.7% mission · 10.5% management · 8.8% fundraisingTotal expenses: 86.39% of revenue

2019Expense mix: 81.4% mission · 11.4% management · 7.2% fundraisingTotal expenses: 92.29% of revenue

2018Expense mix: 78.7% mission · 13.3% management · 8.0% fundraisingTotal expenses: 101.96% of revenue

2017Expense mix: 79.2% mission · 7.9% management · 12.9% fundraisingTotal expenses: 102.46% of revenue

Money in and money out

Revenue$7,275,472

Expenses$7,421,269

Annual shortfall $145,797 Expenses were higher than revenue 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)$6,021,446 · 81.1% of expenses

Management and office costs$797,387 · 10.7% of expenses

Fundraising$602,436 · 8.1% of expenses

See all reported dollar amounts

Revenue$7,275,472

Expenses$7,421,269

Assets$47,207,476

Income$7,618,140

Contributions$3,193,963

Mission work (program services)$6,021,446

Fundraising$602,436

Management and general$797,387

Executive compensation (total)$401,013

Stocks and bonds$12,232,795

Accounting fees$72,124

Investing fees$64,636

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

KRIS HOELLENEXECUTIVE DIRECTOR · 40 hrs/week $265,534Base $233,941 · Other $31,593

JONATHAN GOLDMANCURATORIAL DIRECTOR · 40 hrs/week $165,301Base $139,278 · Other $26,023

JOANNE WOOLLEYDEVELOPMENT DIRECTOR · 40 hrs/week $159,090Base $141,512 · Other $17,578

JOEL DRABKINCONTROLLER · 40 hrs/week $125,522Base $104,189 · Other $21,333

STEVE JOHNSONFACILITIES DIRECTOR · 40 hrs/week $103,939Base $103,107 · Other $832

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (37)

KRIS HOELLENEXECUTIVE DIRECTOR

JONATHAN GOLDMANCURATORIAL DIRECTOR

JOANNE WOOLLEYDEVELOPMENT DIRECTOR

JOEL DRABKINCONTROLLER

STEVE JOHNSONFACILITIES DIRECTOR

PETER J SHUDTZBOARD MEMBER

JANE M SHAABBOARD MEMBER

JANET CURRIEBOARD MEMBER

JOHN MAGNESSBOARD MEMBER

JOSEPH DAVISBOARD MEMBER

JOSHUA WARFIELDTREASURER

GREGORY C PINKARDBOARD MEMBER

PETER J VASCOBOARD MEMBER (PART YEAR)

REBECCA ALTMANBOARD MEMBER

RIAN HARGRAVEBOARD MEMBER

RONALD W DRUCKERBOARD MEMBER

STEVE J BANKSBOARD MEMBER

SUZZANNE DECKERCORPORATE SECRETARY

THOMAS PILKERTONBOARD MEMBER

CATHRIN BANKSBOARD MEMBER

ALANNA STROHECKERBOARD MEMBER

ANDREW DAVISBOARD MEMBER

ANIRBAN BASUBOARD MEMBER

ANTHONY PARKERBOARD MEMBER

BRIAN JACOBYBOARD MEMBER

BRIAN TUCKERBOARD MEMBER

BRITTANY BRAMHALLBOARD MEMBER

BRUNO MAESTRIBOARD MEMBER

ADAM F SANDYBOARD MEMBER

CRAIG D ROSWELLBOARD MEMBER

DANIEL TAMBELLINIBOARD MEMBER

ERIC THOMAS HENDRICKSONBOARD MEMBER

FRANCIS X SMYTHCHAIRMAN

FRANK MOFFABOARD MEMBER

GAYNELLE SWANBOARD MEMBER (PART YEAR)

GEORGE S RICHBOARD MEMBER

GREGORY FARNOBOARD MEMBER

About this charity

Recognized since: January 1987
Location: 901 WEST PRATT STREET, BALTIMORE, MD 21223
County: Baltimore (city)
In care of: KRIS HOELLEN
Primary officer: KRIS HOELLEN, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(410) 752-2490

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SC&H TAX AND ADVISORY SERVICES LLC
NTEE classification: Arts, Culture & Humanities (A540)
IRS tax category: Museums