Galesburg Railroad Museum Inc

Nonprofit profile at a glance

EIN
371108184
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025, Form 990-N 2021
Location
Galesburg, IL, USA
Phone
3093429400
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Museum, Museum Activities

Official website

Reported finances

Revenue
$30,739
Expenses
$31,173
Assets
$402,403
Liabilities
$3,167

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Annette T Godsil (President)
  • Steven A Godsil (Vice President)

People named in this filing

  • Annette T Godsil (President)
  • Steven A Godsil (Vice President)
  • Maurice C Godsil (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To preserve, display and educate the public on the rich heritage of Railroad History in Galesburg and the surrounding areas with the Chicago, Burlington & Quincy Railroad (CB&Q)

What it reported doing in 2025

Our program services are the following: tours of the train cars detailing their history and tours of the museum building with all the many artifacts to look at and learn from. We also sell souvenirs with the museum. We have a commemorative walkway of bricks which were purchased and helped us to building our building. The selling of bricks is still ongoing.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 16
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.8%; rating input score 13
  • Program expense ratio: 22.2%; rating input score 22

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1.4%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 12.91; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -12.7% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -32.7% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 12.8% of revenue deployed · 22.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $7K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • High — Financial Efficiency: Program expense ratio scored 22/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.