2025-03-15T08:53:38-07:00 2024-12-31 990 2024-01-01 870694204 PUEBLO RAILWAY FOUNDATION PUEB 7195441773 301 W B Street Suite 100 Pueblo CO 810033445 David Dandurand Finance Officer 9704431393 2025-03-16 1 2024 2025-03-06 01:10:19Z Pueblo Railway Museum Gerald J Dandurand 301 W B Street Suite 100 Pueblo CO 810033445 95624 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 3 0 32 88 0 41687 64681 26222 30855 0 1 182 87 68091 95624 0 0 0 0 0 0 0 0 0 66002 68567 66002 68567 2089 27057 1237026 1228508 404037 367313 832989 861195 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 3187 41923 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, Father's Day, July 4th, Halloween, and Christmas. 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. 16007 8747 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. 26491 30855 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 45685 1 1 0 0 0 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 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 3 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 CO X X David J Dandurand 9704431393 1500 Front Nine Drive Fort Collins CO 805259488 Gerald J Dandurand President 5 0 X X 0 0 0 Paul Brown Vice President/Executive Director 15 0 X 0 0 0 David Dandurand Finance Officer 17 0 X X 0 0 0 Reid Adams Director 10 0 X 0 0 0 Ryan McWilliams Director 10.00 0 X 0 0 0 0 0 0 0 0 0 0 0 0 120 0 0 8747 55814 41923 64681 Program Services/Space Rentals 900099 11761 11761 0 0 Special Events/Train Rides 900099 19094 19094 0 0 0 0 0 0 30855 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 87 0 87 0 87 95624 30855 88 0 X 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 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 0 0 7196 6305 891 0 2194 102 2092 0 0 0 0 0 16007 16007 0 0 0 0 0 0 0 0 0 0 0 0 0 0 327 0 327 0 0 0 0 0 17382 0 17382 0 2065 0 2065 0 Museum Operation 12120 12120 0 0 Membership Dues 125 0 125 0 Capital Improvement Projects 3187 3187 0 0 Rio Grande Yard 7800 7800 0 0 164 164 0 0 68567 45685 22882 0 11773 10482 0 0 0 0 1327 2575 0 0 0 0 0 0 0 0 208 85 1542440 327074 1223718 1215366 0 0 0 0 0 0 0 0 0 0 1237026 1228508 5191 6122 0 58254 60006 0 0 0 0 340592 301185 0 0 0 0 0 404037 367313 X -43712 -14254 876701 875449 832989 861195 1237026 1228508 X 27057 0 0 0 0 1149 X X 0 0 0 X 25132 40239 44914 41687 64681 216653 7246 16973 21372 26222 30855 102668 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32378 57212 66286 67909 95536 319321 6181 15160 33605 29406 56632 140984 0 0 0 0 0 0 6181 15160 33605 29406 56632 140984 178337 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 32378 57212 66286 67909 95536 319321 0.55849 0.6556 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 911455 0 0 X X X X Maintain/Operate Historical Railway Equipment 0 135884 0 135884 332078 0 198696 133382 1414 0 1414 0 49609 0 38964 10645 1023455 0 88000 935455 1215366 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 SET 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 3594 0 1 1 3594 X 6 46387 Value on contribution date X 1 0 Not capitalized 0 0 1 1 Schedule M, Part I, Line 9 Average of high and low price of the security on the date of the donation. 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. Schedule M, Part I, Line 33 The zero amount on line 25 column (c) is because the Museum does not capitalize its collection. 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 Line 24c: Caboose C&W #3 restoration Form 990, Part XI, Line 9 Collection additions $500; Unearned Revenue Net Activity -$1,752; Unearned Storage Revenue Net Activity -$4, Revenue recognized (depreciation) -$6,210; CSAC unearned revenue adjustment $85; Change in Equipment Assets $8530 Form 990, Part XII, Line 1 In March of 2025, Finance Officer David Dandurand completed a migration of the Foundation's accounting methods from a simplified cash model to GAAP accounting standards.