PUEBLO RAILWAY FOUNDATION
301 W B Street Suite 100, Pueblo, CO 810033445 www.pueblorailway.org

Total Revenue
$73,990
Total Expenses
$74,610
Net Assets
$1,516,357

Organizations Filed Purposes: 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.

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.

Beginning in 2020, the Foundation will benefit 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 capital improvement projects which substantially improve the Foundation's operations and overall presence. In 2020, the bulk of these funds went toward the Foundation's D Street Station project. This project will develop the property surrounding the Foundation's restoration shop on D Street by expanding the railyard which will 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.

The Foundation maintains an office near the museum 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.

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, during the annual August Pueblo Rail Fair, Halloween, annual toy drive in November, 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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Ryan McwilliamsDirector10$0
Reid AdamsDirector10$0
David DandurandFinance Officer12$0
Paul BrownVice President/Executive Director15$0
Gerald J DandurandPresident30$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202121049349300137_public.xml