2024-03-13T17:37:00-07:00 2023-12-31 990 2023-01-01 870694204 PUEBLO RAILWAY FOUNDATION PUEB 7195441773 301 W B Street Suite 100 Pueblo CO 810033445 David Dandurand Finance Officer 9704431393 2024-03-03 David Dandurand 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Pueblo Railway Museum Gerald Dandurand 301 W B Street Suite 100 Pueblo CO 810033445 90181 0 X www.pueblorailway.org X 2003 CO To operate the Pueblo Railway Museum for the purpose of displaying and interpreting historic railroad equipment and artifacts, to educate the public on the importance of the railroads to the Pueblo area, and to preserve items of historical significance for future generations. 5 0 0 33 289 0 66416 36912 15936 27245 9 59 113 341 82474 64557 0 0 0 0 0 0 0 0 0 84141 71434 84141 71434 -1667 -6877 2217358 2212231 361792 340592 1855566 1871639 The Foundation operates the Pueblo Railway Museum as part of its mission to preserve, display and operate historic railroad equipment. Its mission includes interpreting the history of railroading in Pueblo, and educating future generations through the use of the equipment and artifacts in the museum's collection, and the use of educational materials produced by museum volunteers. 0 0 24517 0 15912 The museum operates train rides using one of its three historic GP7 diesel-electric locomotives and its two historic cabooses. Events are regularly scheduled at Easter time, Father's Day, July 4th, Halloween, and at Christmastime. School group tours and private charters are provided throughout the year. Many area residents have never ridden a train or been inside a caboose. Our fares are very low, providing an opportunity for the community to ride and learn about the historic railroad equipment in the museum's collection. Educational handouts are available at these events. Maintenance expenses, diesel fuel, oil, and other expenses are not fully covered by the train ride fares. Generous donations by our members help offset these costs. The Foundation's viewpoint is that the museum is not a tourist railroad but rather an educational opportunity for area residents to learn about and ride in railroad equipment that helped to build the city of Pueblo. 15248 0 6732 The Foundation maintains an office near the museum's collection, from which it coordinates museum activities. A Pueblo County & City of Pueblo Partnership grant provides funds for rent and utilities, allowing the Foundation to allocate remaining income to grounds and equipment maintenance and historic equipment restoration. The museum property includes a five-acre train yard. When desert winds blow, dry weeds and trash accumulate on the property and require constant clean-up. Rails, ties, and switches must be continually inspected, maintained, and periodically replaced to ensure safe and smooth train rides. The diesel locomotives require regular maintenance, and the cabooses need cleaning of their interiors following events. Supplies for all grounds and equipment maintenance are paid from museum funds; the work is accomplished by museum volunteers. 1350 0 1324 Since 2020, the Foundation has benefited from the good fortune and generosity of one of its members. This member wishes to donate common stock to charity, and has chosen the Pueblo Railway Foundation as the charity. IRS rules state that when stock is donated to a 501(c)3 organization, the donor is not required to pay capital gain tax on the increased value of the stock. The Foundation can then convert this stock to usable funds, also without paying capital gains because of its 501(c)3 status. The donor of the stock has stipulated that the proceeds are to be used to fund security improvements, capital asset purchases, and capital improvement projects which substantially improve the Foundation's operations and overall presence. The bulk of these funds support the Foundation's D Street Station project, which will develop the property surrounding the Foundation's restoration shop on D Street by expanding the railyard and support a future train depot building. This "D Street Station" will become the main entry point for our railfans during the Museum's public events. 0 0 0 41115 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 5 0 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 CO X X Gerald J Dandurand 7195441773 301 W B Street Suite 100 Pueblo CO 810033445 Gerald J Dandurand President 25 0 X X 0 0 0 Paul Brown Vice President/Executive Director 15 0 X X 0 0 0 David Dandurand Finance Officer 16 0 X X 0 0 0 Reid Adams Director 10 0 X 0 0 0 Ryan McWilliams Director 10 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6732 30180 25624 36912 Program Services/Space Rentals 900099 11333 11333 0 0 Special Events/Train Rides 900099 15912 15912 0 0 0 0 0 0 27245 11 11 0 0 0 0 0 0 0 0 0 0 0 0 25672 0 25624 0 48 0 48 0 48 0 0 100 0 100 100 0 0 Miscellaneous Revenue 900099 241 0 241 0 0 0 0 0 241 64557 27356 289 0 X 1431 1431 2541 2541 2261 2261 15248 15248 523 523 1965 1965 Program Expenses 22961 22961 0 0 Membership Dues 125 125 0 0 Capital Improvement Projects 1350 1350 0 0 Debt Service 21200 0 21200 0 1829 0 1829 0 71434 41115 30319 0 17894 11056 82 43 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1029000 0 1029000 1029000 0 0 0 0 0 0 0 0 1170382 1172132 2217358 2212231 0 0 0 0 0 0 0 0 0 0 361792 340592 0 0 0 0 0 361792 340592 X 1853851 1869924 1715 1715 1855566 1871639 2217358 2212231 X -6877 0 0 0 0 22950 X X 0 0 0 X 24941 66705 54516 66416 36913 249491 10656 7246 16973 15936 27245 78056 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35597 73951 71489 82352 64158 327547 4980 44508 25344 33605 29377 137814 0 0 0 0 0 0 4980 44508 25344 33605 29377 137814 189733 0 39 35 9 59 142 0 0 0 0 0 0 0 39 35 9 59 142 0 0 0 0 0 0 0 0 0 0 0 0 35597 73990 71524 82361 64217 327689 0.57900 0.6376 0.00043 0.0003 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1172132 0 0 X X X X Maintain/Operate Historical Railway Equipment 0 0 300000 300000 0 729000 0 729000 0 0 0 0 0 0 0 0 0 0 0 0 1029000 ATSF 2912, GP-7 locomotives #102 ("Patriot"), #103, #104 325000 Steeltown Trolley 159000 Pikes Peak Cog Railway snow blower #22, coach #104 404500 Fairmont Speeder, Santa Fe caboose 2278R, C&W A1 flat car, Imperial Robe 21500 Small artifacts and memorabilia 50-120 years old - estimated value 8050 Railyard project completed 210689 D Street Station rail (Q4 2020) 19700 Model railroad displays completed 4271 Museum restoration tools: Forklift, Manlift, 15KW generator set, battery charger, other tools 19422 1172132 Schedule D, Part III, Line 4 DESCRIPTION OF THE PUEBLO RAILWAY FOUNDATION/MUSEUM COLLECTION. THE COLLECTION INCLUDES MANY "ONE-OF-A-KIND" ITEMS. ALL THREE OF THE 1970'S HIGH SPEED TEST VEHICLES ARE ON EXHIBIT. SANTA FE STEAM LOCOMOTIVE NO. 2912 (ONE OF ONLY SIX IN EXISTENCE) IS ON EXHIBIT AND COSMETIC RESTORATION HAS BEEN COMPLETED. THE COLLECTION ALSO INCLUDES THREE GP7 DIESEL LOCOMOTIVES DELIVERED IN 1951 TO COLORADO FUEL & IRON COMPANY, A STEEL MILL. GP7s BEGAN THE DIESEL ERA AND DEMONSTRATED THAT DIESEL WAS PREFERABLE TO STEAM. IT IS HIGHLY UNUSUAL FOR LOCOMOTIVES DELIVERED THAT LONG AGO TO STILL BE LOCATED IN THE PLACE TO WHICH THEY WERE DELIVERED, AS WELL AS TO STILL BE FULLY OPERATIONAL AND IN USE. THE MUSEUM'S SET OF BURLINGTON NORTHERN M-O-W (MAINTENANCE OF WAY) CARS ARE UNIQUE IN THAT THE RAILROADS SCRAPPED THESE SETS WHEN THEY WERE NO LONGER IN USE. THE MUSEUM'S COLLECTION INCLUDES A KITCHEN CAR, DINER CAR, AND POWER/TOOL CAR, ALL OF WHICH ARE OPERATIONAL. ALSO IN THE COLLECTION ARE SEVERAL CABOOSES, THREE OF WHICH ARE USED FOR TRAIN RIDES. TWO OTHERS ARE OF HISTORIC SIGNIFICANCE: A COLORADO & SOUTHERN WOODEN CABOOSE AND A SANTA FE STEEL CABOOSE. RELATED COLLECTION DOCUMENTS ARE AVAILABLE FOR RESEARCHERS. IN 2019 THE PUEBLO RAILWAY FOUNDATION WAS THE RECIPIENT OF A ONE-OF-A-KIND COG RAILWAY SNOW BLOWER, ORIGINALLY BUILT IN 1950 AS A GE DIESEL ELECTRIC POWER CAR, AND THEN RETROFITTED TO ITS SNOW BLOWER CONFIGURATION IN 1974. IT OPERATED UNTIL THE DAY BEFORE IT WAS DELIVERED TO OUR MUSEUM. THE ORGANIZATION'S EXEMPT STATUS IS PREDICATED ON PRESERVING, DISPLAYING, AND OPERATING HISTORIC RAILROAD EQUIPMENT RELATED TO THE HISTORY OF RAILROADING IN PUEBLO, COLORADO, AND THE SURROUNDING AREA. David J Dandurand Director Lower interest X 16000 6979 0 1 1 6979 X 4 25624 Value on contribution date 0 0 1 1 Schedule M, Part I, Line 32b Fidelity Investments accepts stock gifts to the Foundation, and sells the stock immediately on receipt to convert the proceeds to usable funds. Form 990, Part VI, Section A, Line 2 Director and Finance Officer David Dandurand is the son of Gerald J. Dandurand, Foundation President. Form 990, Part VI, Section A, Line 6 The Foundation does not have stockholders but has members who are annual dues-paying members, life members, or annual corporate members. Form 990, Part VI, Section A, Line 7a Both life and dues-paying members have one vote to elect board members. Form 990, Part VI, Section A, Line 7b Articles of Incorporation can be amended only with a 2/3 vote of the membership. Form 990, Part VI, Section A, Line 8b There are no committees with authority to conduct business or make organizational decisions, therefore, no documents are necessary. Form 990, Part VI, Section B, Line 11b The board is given the opportunity to comment on the draft Form 990 before it is approved and submitted. Form 990, Part VI, Section B, Line 12c A statement of the Conflict of Interest policy is signed by all board members and strictly adhered to. The board is small and the vocations of all board members are not related to museum business. Form 990, Part VI, Section C, Line 19 All documents related to IRS submissions, grant applications and awards, and future plans are available in the foundation office at 301 West "B" Street, Suite 100, upon a valid request. The documents are in sheet protectors and kept in a 3-ring binder; they can be copied at a nominal charge during normal business hours. The IRS Form 990 can also be viewed on the Guidestar website, and on the State of Colorado Secretary of State website. Form 990, Part IX, Line 24a - 24d The Foundation received a donation from one of its members to help pay a long-standing loan. Form 990, Part XI, Line 9 Net Asset increase for the value of Imperial Robe passenger car. Fund Balance change for loan repayments. Form 990, Part XII, Line 1 The Foundation's accounting method can be described as "minimal funds". The Foundation does not recognize income as "funds available to spend" until it is deposited into our accounts and settled. This treatment of income recognizes it later than either the "cash" method (when received) or "accrual" method (when owed). Cash and checks received, such as during our public events, must be deposited before they can be used for an expense. An expense is viewed as "funds no longer available to spend" when the check is written ("accrual method" for expenses only).