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Nevada Northern Railway Foundation, Incorporated

The Ghost Train of Old Ely

aka Nevada Northern Railway Museum   |   Ely, NV   |  nnry.com

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Nevada Northern Railway Foundation, Incorporated

EIN: 88-0203211


Mission

Our mission is four-fold: 1. To restore and permanently preserve the Nevada Northern Railway National Historic Landmark for the education and enjoyment of present and future generations. 2. To interpret the railroad through using the locomotives, railroad cars and equipment as a tribute to the men and women who built, serviced and worked, not only on the railroad but also in the mining industry in Nevada. 3. To perpetuate the “can-do” spirit and vision that built Nevada and our country. 4. To teach the indispensable heritage industrial arts, mechanical skills and techniques needed to preserve, maintain and operate the railroad.

Ruling year info

1985

President

Mark S Bassett

Main address

PO Box 150040

Ely, NV 89315 USA

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Formerly known as

White Pine HIstorical Railroad Foundation

EIN

88-0203211

Subject area info

Museums

Historical activities

Vocational education

Economic development

Community improvement

Population served info

Children and youth

Adults

NTEE code info

Museum & Museum Activities (A50)

Vocational Technical (B30)

Community, Neighborhood Development, Improvement (S20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

What is the relevance of a 19th century railroad in the 21st century? Why bother to keep century-old steam locomotives in operation? Answer: everything we do here requires mechanical skills. Steam locomotives were built by the highest skilled individuals in America. As a society, we have deceived ourselves into thinking that we don’t need these skills anymore. That they are old-fashioned and not needed. Nothing is further from the truth, we need young men and women, who understand how things work. We need to teach them the skills to design, build and troubleshoot the machines and systems that our society needs to keep functioning. That is what we are accomplishing. We are teaching young men and women the mechanical skills necessary to keep our steam locomotives in operation. We do this through on the job training and internships. These skills are transferable to industry. After all, if an individual can keep a 110 year-old steam locomotive in operation, anything is possible.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Phoenix Dare

To insure that the Museum can survive and accomplish its mission, we have launched the Phoenix Dare – A Capital Campaign to develop the financial resources needed to keep the railroad on track! From mythology, a Phoenix is a long-lived bird that is cyclically regenerated or reborn, a Phoenix typically dies by fire and rises from the ashes. The symbolism of a Phoenix fits a steam locomotive to a ‘T’.
Steam locomotives go through the same cycle as a Phoenix. A steam locomotive’s service cycle is fifteen years. At the end of this cycle, a steam locomotive is removed from service or you could say that it dies. Ironically, a Phoenix and a steam locomotive both die because of fire! Every time we light a fire in a steam locomotive, we consume a portion of it. But, just like a Phoenix, a steam locomotive can be regenerated or reborn to begin the cycle all over again!
The Museum’s Phoenix Dare is a multi-faceted program designed to address all aspects of this National Historic Landmark:
1. Maintaining, preserving and operating our steam locomotives for the long term.
2. Maintaining, preserving and operating our diesel locomotives for the long term.
3. Maintaining, preserving and operating our extensive collection railroad rolling stock.
4. Maintaining and preserving all of our buildings and structures.
5. Maintaining and upgrading the railroad complex’s water, sewer and electrical system.
6. Developing and implementing an Associates of Science Degree Program in the Heritage Industrial Arts.
Why a dare? Because our undertaking is daring! We intend to keep a 19th century railroad operating in the 21st century. If that isn’t daring enough, we are 240 miles from the nearest city. We are in a county that is 9,000 square miles, with a population of only 10,000. That’s right, about one person per square mile!
And then there is the technological aspect. We are now a throwaway society. Repair something? Maybe, if you could find the person with the tools, parts, skills and knowledge. This is the crucial challenge that the Museum and our Country is facing - keeping alive the necessary mechanical and industrial skills needed to maintain our century old locomotives, rolling stock and buildings.
We need to train the next generation of young men and women the skills needed to maintain the railroad. If we don’t train and teach to keep the knowledge and skills alive, well, then, we will eventually wind up with just a bunch of scrap iron. The exciting aspect of developing a training program is that these skills are needed by industries across the country.

Population(s) Served
Adults

Where we work

Awards

Nationl Historic Landmark 2007

National Parks Service

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of paid admissions

This metric is no longer tracked.
Totals By Year
Related Program

Phoenix Dare

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

The decrease in 2020 was due to Covid-19

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our mission is four-fold:
1. To restore and preserve the Nevada Northern Railway National Historic Landmark for the education and enjoyment of present and future generations.
2. To interpret the railroad using the locomotives, railroad cars and equipment as a tribute to the men and women who built, serviced and worked, not only on the railroad but also in the mining industry in Nevada.
3. To perpetuate the “can-do” spirit and vision that built Nevada and our country.
4. To teach the heritage industrial arts and techniques needed to preserve, maintain and operate the railroad. Our goal is to develop a training center for the heritage industrial arts here. These are the mechanical and building skills that our society needs and is just beginning recognize the need. Once upon a time these skills were taught in American high schools. Now there is an initiative to bring these skills back into the classroom; it is called STEAM for Science, Technology, Engineering, Arts and Mathematics.

What are your strategies for making this happen?
The Nevada Northern Railway actively recruits young men and women to learn and work at the railroad to attain the skills needed to accomplish our mission. These individuals work in the historic shops on our century-old equipment and in train service too. They are taught how to maintain the steam locomotives and how to become steam locomotive firemen and engineers.

This On the Job Training (OJT) program has been very successful for us. Additionally, in cooperation with Davis and Elkins College’s Railway Heritage Tourism Management program we offer internships to students in the program. The interns in the program that come here receive a stipend and lodging at the railroad. We are also working in cooperation with Great Basin College to establish the Heritage Industrial Arts Institute at the railroad. Students who graduate from the program will receive an Associates of Applied Science Degree.

The Nevada Northern Railway actively recruits young men and women to learn and work at the railroad to attain the skills needed to accomplish our mission. These individuals work in the historic shops on our century-old equipment and in train service too. They are taught how to maintain the steam locomotives and how to become steam locomotive firemen and engineers.

This On the Job Training (OJT) program has been very successful for us. Additionally, in cooperation with Davis and Elkins College’s Railway Heritage Tourism Management program we offer internships to students in the program. The interns in the program that come here receive a stipend and lodging at the railroad. We are also working in cooperation with Great Basin College to establish the Heritage Industrial Arts Institute at the railroad. Students who graduate from the program will receive an Associates of Applied Science Degree.

The Foundation’s seven member board of directors bring a wide background of experience to the organization. Their backgrounds include banking, financial, education, operations, government service, and commercial development. The skills of the Foundation’s staff includes fund raising, grant writing, grant administration, heavy equipment maintenance, marketing, financial experience, railroading, track inspection, track repair, restoration skills and project accomplishment. The Nevada Northern Railway National Historic Landmark also has the shops, machines and tooling to maintain and preserve this national treasure.

In remote Ely Nevada, where the next gas station is 167 miles away, we have kept two century-old steam locomotives in operation and compliant with Federal Regulations. We are restoring our third steam locomotive. We recently rebuilt 8 miles of track; rebuilt a railroad crossing including signals and gates on a major highway. We maintain and preserve over seventy buildings and structures that comprise this National Historic Landmark. We have saved seven buildings from collapse, including our huge engine house/machine ship building. This work was done in accordance with the Secretary of the Interior’s Guidelines for Historic Structures. We have also developed additional income streams by converting one of the saved building into a Bunkhouse for interns, volunteers and the public to stay in. Additionally, we have a very successful Be the Engineer program, where the public can operate a steam locomotive. Our long term goal is to establish the Heritage Industrial Arts Institute here.

Financials

Nevada Northern Railway Foundation, Incorporated
Fiscal year: Jan 01 - Dec 31
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.45

Average of 0.44 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.3

Average of 2.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

24%

Average of 26% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Nevada Northern Railway Foundation, Incorporated

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Nevada Northern Railway Foundation, Incorporated

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Nevada Northern Railway Foundation, Incorporated

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Nevada Northern Railway Foundation, Incorporated’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $178,172 -$36,063 $977,645 $779,226 $919,231
As % of expenses 11.7% -1.8% 57.3% 36.6% 37.3%
Unrestricted surplus (deficit) after depreciation -$171,782 -$401,525 $599,954 $394,831 $441,282
As % of expenses -9.2% -16.7% 28.8% 15.7% 15.0%
Revenue composition info
Total revenue (unrestricted & restricted) $1,776,132 $2,226,994 $2,782,544 $3,367,956 $3,161,357
Total revenue, % change over prior year -4.6% 25.4% 24.9% 21.0% -6.1%
Program services revenue 44.6% 34.5% 23.6% 25.8% 31.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 18.3% 8.6% 8.4% 39.3% 25.5%
All other grants and contributions 37.0% 49.9% 64.2% 32.6% 32.1%
Other revenue 0.1% 7.0% 3.8% 2.4% 10.5%
Expense composition info
Total expenses before depreciation $1,520,247 $2,038,089 $1,704,718 $2,129,459 $2,462,599
Total expenses, % change over prior year 10.5% 34.1% -16.4% 24.9% 15.6%
Personnel 42.9% 38.9% 46.6% 40.3% 42.8%
Professional fees 13.2% 23.8% 16.8% 14.5% 14.9%
Occupancy 2.8% 2.8% 2.6% 3.5% 3.3%
Interest 0.6% 0.6% 2.3% 0.9% 0.3%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 40.5% 33.9% 31.8% 40.7% 38.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,870,201 $2,403,551 $2,082,409 $2,513,854 $2,940,548
One month of savings $126,687 $169,841 $142,060 $177,455 $205,217
Debt principal payment $29,040 $0 $0 $358,295 $67,265
Fixed asset additions $392,228 $777,938 $494,841 $802,685 $843,271
Total full costs (estimated) $2,418,156 $3,351,330 $2,719,310 $3,852,289 $4,056,301

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.2 0.4 6.0 6.2 2.3
Months of cash and investments 1.2 0.4 6.0 6.2 2.3
Months of estimated liquid unrestricted net assets -46.3 -36.8 -37.9 -32.5 -28.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $149,864 $75,552 $849,698 $1,107,832 $472,211
Investments $0 $0 $0 $0 $0
Receivables $22,884 $200,337 $138,847 $46,641 $459,815
Gross land, buildings, equipment (LBE) $15,038,045 $15,815,983 $16,327,814 $17,130,499 $17,973,771
Accumulated depreciation (as a % of LBE) 33.5% 34.2% 35.4% 36.0% 37.0%
Liabilities (as a % of assets) 5.9% 11.9% 12.3% 9.6% 8.9%
Unrestricted net assets $3,987,538 $3,586,013 $4,153,086 $4,547,917 $4,989,199
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $5,604,614 N/A N/A N/A N/A
Total restricted net assets $5,604,614 $5,843,717 $5,993,702 $6,452,973 $6,232,500
Total net assets $9,592,152 $9,429,730 $10,146,788 $11,000,890 $11,221,699

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Mark S Bassett

Mark Bassett has been the President of the Nevada Northern Railway Museum for 21.5 years. My greatest accomplishment was facilitating the awarding of National Historic Landmark status to the complex. As President, I am fortunate to lead a dynamic team of staff and volunteers who constantly overcome the challenges of operating a 19th century railroad in the 21st century. My background as a Publisher, Retailer, Historic Preservationist, Marketing Professional and Traveler have given me unique insights in how to make the past relevant to present day visitors. Our success is turning the railroad into Nevada’s premier rural attraction.

Number of employees

Source: IRS Form 990

Nevada Northern Railway Foundation, Incorporated

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

Nevada Northern Railway Foundation, Incorporated

Board of directors
as of 11/28/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

John Gianoli

First National Bank of Ely

Term: 2023 - 2024


Board co-chair

Carl Marsh

University of Nevada - Reno retired

Term: 2023 - 2024

JOHN GIANOLI

First National Bank of Ely

Roger Bowers

Taylor-Western

Carl Marsh

University of Nevada-Reno Retired

Jeri Lynn Harper-Williams

City of Ely

Bruce Wycoff

Jones, Waldo, Holbrook & McDonough, PC

Kathy Smith

Silver Rio LLC

Terrell Trask

City of Ely

Organizational demographics

SOURCE: Self-reported; last updated 11/28/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.