2025-11-13T15:03:12-06:00 2024-12-31 411489071 SMITH SCHAFER & ASSOCIATES LTD 7500 HIGHWAY 55 SUITE 350 MINNEAPOLIS MN 55427 990 2024-01-01 237066156 MINNESOTA TRANSPORTATION MUSEUM INC MINN 6512280263 193 PENNSYLVANIA AVE E ST PAUL MN 55130 JOSH HOABY EXECUTIVE DIRECTOR 6512280263 2025-11-13 1 ADAM KELLERHALS P01568272 9529201455 2025-11-13 2024 2025-03-06 01:10:19Z JOSH HOABY 193 PENNSYLVANIA AVE ST PAUL MN 55130 2379349 0 X WWW.TRAINRIDE.ORG X 1963 MN TO EDUCATE THE PUBLIC REGARDING THE HISTORY AND DEVELOPMENT OF TRANSPORTATION IN MINNESOTA AND TO PRESERVE THAT HISTORY. 12 12 8 130 0 0 564700 1144956 870302 710312 148671 111948 94257 49758 1677930 2016974 0 0 0 0 204919 219508 0 0 41934 1643461 1785098 1848380 2004606 -170450 12368 8284197 8459055 463825 515609 7820372 7943446 TO EDUCATE THE PUBLIC REGARDING THE HISTORY AND DEVELOPMENT OF TRANSPORTATION IN MINNESOTA AND TO PRESERVE THAT HISTORY. 0 0 1102195 604877 OSCEOLA TRAIN RIDE: RAILROAD DIVISION EXPENSES FOR PURCHASE, LEASE AND RESTORATION OF RAILWAY STEAM ENGINE PASSENGER & FREIGHT CARS, AQUISITION OF USEFUL TOOLS & MACHINERY FOR CARRYING RESTORATION WORK, & OPERATING PUBLIC TRAIN RIDES FROM OSCEOLA, WI TO MARINE, MN OR DRESSER, WI 691279 105435 JACKSON STREET MUSEUM: ROUNDHOUSE DIVISION EXPENSES FOR MN'S RAILROAD HISTORY INCLUDING RESTORATION OF THE ROUNDHOUSE, EXHIBITS, ROLLING STOCK, & THE MAINTENANCE FACILITY & RELATED EQUIPMENT & TOOLS FOR DEVELOPING A MUSEUM WITHIN THE ROUNDHOUSE FOR PUBLIC ENJOYMENT 1793474 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 MN X JOSH HOABY 6512280263 193 PENNYSLVANIA AVE E ST PAUL MN 55130 X WAYNE MERCHANT CHAIRMAN 20.00 X X 0 0 0 ROBERT PUELSTON VICE CHAIRMAN 20.00 X X 0 0 0 DEBORAH WOOD TRESURER 20.00 X X 0 0 0 MORTEN JORGENSEN SECRETARY 20.00 X X 0 0 0 GARY YAZELL AT LARGE 5.00 X 0 0 0 MARION PEW AT LARGE 5.00 X 0 0 0 TODD MCGONAGLE AT LARGE 5.00 X 0 0 0 LARRY PAULSON AT LARGE 5.00 X 0 0 0 JOHN RADIMECKY AT LARGE 5.00 X 0 0 0 KEITH LARSON AT LARGE 5.00 X 0 0 0 KURT MAHRE AT LARGE 5.00 X 0 0 0 0 0 0 0 0 0 0 0 13859 1131097 142 1144956 OSCEOLA TRAIN INCOME 480000 604877 604877 JACKSON STREET 480000 105435 105435 710312 81982 81982 357968 328002 29966 29966 29966 83469 34373 49096 49096 OTHER INCOME 900099 662 662 662 2016974 790036 0 81982 205229 143660 41046 20523 14279 9995 2856 1428 12769 9577 2554 638 34771 26078 6954 1739 19608 19608 193825 171149 18141 4535 117451 99834 5872 11745 13833 13833 190688 181154 9534 122241 116129 6112 REPAIRS AND MAINTENANCE 863568 863568 UTILITIES 73608 69927 3681 BANK FEES 62214 40439 21775 FUEL 42011 42011 38511 19953 17232 1326 2004606 1793474 169198 41934 362570 40015 0 64647 80233 0 31756 28130 52960 34867 8367798 5325295 2740195 3042503 1916048 2148458 3100435 3100435 8284197 8459055 62163 134916 29388 20523 372274 360170 463825 515609 X 5727016 5221849 2093356 2721597 7820372 7943446 8284197 8459055 12368 110707 0 X X 0 1 X 1 0 X 1216918 1210418 911845 532861 1144814 5016856 54774 615477 771011 973926 793781 3208969 1271692 1825895 1682856 1506787 1938595 8225825 12601 18769 31370 5000 68625 73625 17601 18769 68625 104995 8120830 9782 24456 29266 62112 81982 207598 9782 24456 29266 62112 81982 207598 104674 23775 661 129110 1281474 1850351 1816796 1592674 2021238 8562533 0.94840 0.94590 0.02420 0.02060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 23531 9125 32656 23531 23531 23531 23531 23531 23531 23531 23531 0 0 333551 333551 7419122 4826582 2592540 274248 245577 28671 340877 253136 87741 3042503 MUSEUM COLLECTION 3100435 3100435 OBLIGATION UNDER LINE OF CREDIT 48281 SBA LOAN 147239 SPECIAL ASSESSMENT PAYABLE 164650 360170 X 2142445 110707 34373 145080 1997365 19608 19608 2016973 2019371 34373 34373 1984998 19608 19608 2004606 PART III, LINE 4: THE MUSEUM COLLECTION IS COMPRISED OF VARIOUS HISTORICAL TRANSPORTATION VEHICLES AND EQUIPMENT. EXIBITING THESE ITEMS EDUCATES THE PUBLIC ON THE HISTORY AND DEVELOPMENT OF TRANSPORTATION SERVICES IN MINNESOTA. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION DOES NOT PAY FEDERAL INCOME TAX. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 34,373. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 34,373. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARDMEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A FULL BOARD REVIEWED DATA AND COMPENSATION FOR EXECUTIVE DIRECTOR BEFORE APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.