Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-0363487

FRIENDS OF THE CUMBRES & TOLTEC

Tax-exempt · ALBUQUERQUE, NM 87109

Financials

$760K$745K2023$739K$745K2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF THE CUMBRES & TOLTEC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$738,711$745,202-$6,491$2,143,196$79,182$2,064,014
December 31, 2023990$759,551$744,725$14,826$2,151,757$81,252$2,070,505
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$610,056
Membership dues
$116,249
Program service revenue
$88,181
Investment income
$38,113
Net income from fundraising events
-$1,929
Net income from sales of inventory
$3,318
Other revenue
$2,361

Expenses

Grants and similar amounts paid
$20,000
Compensation of officers, directors and key employees
$122,450
Other salaries and wages
$68,508
Salaries, compensation and benefits (total)
$205,846
Professional fundraising fees
$0
Accounting fees
$88,720
Occupancy
$41,641
Travel
$6,258
Depreciation
$17,287
Program services (functional)
$429,014
Management and general (functional)
$170,320
Fundraising (functional)
$145,868

Balance sheet and other

Total assets, start of year
$2,151,757
Total assets, end of year
$2,143,196
Total liabilities, end of year
$79,182
Net assets, end of year
$2,064,014
Land, buildings and equipment
$705,834
Net assets without donor restrictions
$1,468,592
Net assets with donor restrictions
$595,422
Gross receipts
$769,564
Employees
3
Volunteers
200
Year formed
1988
State of legal domicile
NM

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TIM TENNANTFORMER PRESI
Trustee or director, Officer
40$122,450
DON STEWARTCHAIRMAN
Trustee or director, Officer
7$0
CAROLINE TOWERVICE-CHAIR
Trustee or director, Officer
11$0
BILL LOCKTREASURER
Trustee or director, Officer
5$0
JOHN ENGSPROJ COM CHA
Trustee or director, Officer
36$0
SCOTT HARDYDIRECTOR
Trustee or director
15$0
DON ATKINSONDIRECTOR
Trustee or director
1$0
ED BEAUDETTEDIRECTOR
Trustee or director
1$0
PAUL DAVENPORTDIRECTOR
Trustee or director
1$0
MELISSA SELLERSDIRECTOR
Trustee or director
5$0
JIM HERRONDIRECTOR
Trustee or director
2$0
DAN PYZELDIRECTOR
Trustee or director
1$0
JOHN FERRELLDIRECTOR
Trustee or director
2$0
IAN KELLYDIRECTOR
Trustee or director
10$0
TOM STEWARTDIRECTOR
Trustee or director
5$0
2 more people on this return
NameTitleHours / weekCompensation
FRANK HIGGINSDIRECTOR
Trustee or director
1$0
STEPHEN JORGENSENDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
TIM TENNANTPRESIDENT/CE
Trustee or director, Officer
40$104,450
DON STEWARTCHAIRMAN
Trustee or director, Officer
7$0
CAROLINE TOWERVICE-CHAIR
Trustee or director, Officer
11$0
JOHN ENGSPROJ COM CHA
Trustee or director, Officer
36$0
BILL LOCKTREASURER
Trustee or director, Officer
5$0
ED BEAUDETTEDIRECTOR
Trustee or director
1$0
SCOTT HARDYDIRECTOR
Trustee or director
15$0
JIM HERRONDIRECTOR
Trustee or director
2$0
DAN PYZELDIRECTOR
Trustee or director
1$0
JOHN FERRELLDIRECTOR
Trustee or director
2$0
IAN KELLYDIRECTOR
Trustee or director
10$0
TOM STEWARTDIRECTOR
Trustee or director
5$0
MELISSA SELLERSDIRECTOR
Trustee or director
5$0
FRANK HIGGINSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
4421 MCLEOD RD NE STE F, ALBUQUERQUE, NM 87109-2224
Principal officer (990 for 2024)
JOSEPH RICHARD MARSDEN JR, 4421 MCLEOD RD NE SUITE F, ALBUQUERQUE, NM 87109
Signed the 990
JOSEPH RICHARD MARSDEN JR, PRESIDENT/EXEC. DIR.
Phone
(505) 880-1311
Return prepared by
SJT GROUP LLC

Mission

FRIENDS OF THE CUMBRES AND TOLTEC SCENIC RAILROAD INC. IS DEDICATED TO THE HISTORIC PRESERVATION, RESTORATION AND INTERPRETATION OF THE CUMBRES AND TOLTEC SCENIC RAILROAD AS A LIVING MUSEUM. THE FRIENDS ENVISION ANOTHER CENTURY OF NARROW GAUGE STEAM RAILROADING WITH THE CUMBRES AND TOLTEC SCENIC RAILROAD BEING WIDELY RECOGNIZED AS ONE OF THE WORLD'S PREMIER "LIVING" MUSEUMS FOR HISTORIC, STEAM RAILROAD OPERATION, PRESERVATION AND INTERPRETATION AND INDUSTRIAL HERITAGE. THE FRIENDS ALSO ENVISIONS THE RAILROAD TO BE THE WORLD'S BEST AND MOST POPULAR TOURIST STEAM RAILROAD EXPERIENCE. RESPONSIBILITY FOR AND LEADERSHIP OF THE HISTORIC PRESERVATION AND MUSEUM FUNCTIONS OF THE CUMBRES AND TOLTEC SCENIC RAILROAD WILL REST WITH THE FRIENDS, TO BE KNOWN AND RESPECTED INTERNATIONALLY AS THE BEST NON-PROFIT, HISTORIC RAILWAY PRESERVATION AND MUSEUM ORGANIZATION IN THE WORLD.

990 for the year ended December 31, 2024

Program accomplishments

  • INTERPRETATION AND RESTORATION - MANY THOUSANDS OF PEOPLE WERE BENEFITED BY THE INTERPRETATION OF THE ORGANIZATIONS HISTORIC PROPERTY. THIS IS DONE THROUGH THE NEWSLETTER TO LIBRARIES AND MEMBERS, AND THROUGH WALKING TOURS GUIDING VISITORS THROUGH THE RAILYARD. RESTORATION BENEFITS THE HISTORIC MUSEUM COLLECTION AND IT IS ESTIMATED THAT CLOSE TO 100,000 PEOPLE VISIT THE RAILYARD PROPERTIES EACH YEAR. THE MAJOR PORTION OF THE EXPENSES WERE FOR VARIOUS MATERIALS TO PRESERVE AND RESTORE THE HISTORIC EQUIPMENT AND PROPERTIES. THE FRIENDS HAVE APPROXIMATELY 200 VOLUNTEERS FROM A MEMBERSHIP BASE OF OVER 1,900 WORLDWIDE THAT CONTRIBUTE APPROXIMATELY 20,000 HOURS ANNUALLY IN VOLUNTEER TIME. THESE VOLUNTEERS WORK ON THE RAILROAD'S HISTORICAL ASSETS, SERVE AS DOCENTS ONBOARD THE TRAINS, HELP FUNDRAISE, AND WORK IN THE ORGANIZATION'S PHOTO COLLECTION, ARCHIVES, AND LIBRARY. THE HOURS WORKED BY OUR VOLUNTEERS WOULD TRANSLATE INTO APPROXIMATELY 500,000 ANNUALLY IN LABOR IF THE FRIENDS HAD TO PAY FOR THESE SERVICES.
    Expenses $429,014 · grants $20,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-0363487
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,143,196
Income (IRS master file)
$769,564

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$738,711$745,202$2,143,196XML
990December 2023$759,551$744,725$2,151,757XML
990December 2022$939,378$689,764$2,105,487IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0363487).

Questions about FRIENDS OF THE CUMBRES & TOLTEC

What is the EIN of FRIENDS OF THE CUMBRES & TOLTEC?
The employer identification number (EIN) of FRIENDS OF THE CUMBRES & TOLTEC is 85-0363487.
Is FRIENDS OF THE CUMBRES & TOLTEC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to FRIENDS OF THE CUMBRES & TOLTEC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF THE CUMBRES & TOLTEC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRIENDS OF THE CUMBRES & TOLTEC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDS OF THE CUMBRES & TOLTEC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FRIENDS OF THE CUMBRES & TOLTEC?
The 990 for the year ended December 31, 2024 names JOSEPH RICHARD MARSDEN JR.
Who are the officers and directors of FRIENDS OF THE CUMBRES & TOLTEC?
The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $122,450 (TIM TENNANT, FORMER PRESI).
How much revenue does FRIENDS OF THE CUMBRES & TOLTEC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $738,711, expenses of $745,202 and total assets of $2,143,196 at year end.

Other nonprofits in ALBUQUERQUE

All nonprofits in ALBUQUERQUE · New Mexico · Arts, culture and humanities