2024-02-27T12:38:16-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-01-01 916060485 WESTERN FOREST INDUSTRIES MUSEUM WEST 3608324486 PO BOX 465 EATONVILLE WA 98328 BEVERLY WILSON SECRETARY/TREASURER 3608324486 2024-02-21 1 BEVERLY WILSON 999009999 0 KURT BENNION CPA P01469618 4252506100 2024-02-21 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MT RAINIER SCENIC RAILROAD BETTY CAPESTANY PO BOX 465 EATONVILLE WA 98328 921122 0 X HTTP://MTRAINIERRAILROAD.COM/MUSEUM/ X 1964 WA TO PRESERVE AND PROMOTE THE HISTORY AND CULTURE OF EARLY PACIFIC NORTHWEST LOGGING AND LOGGING RAILROADS IN BOTH EXHIBIT AND OPERATING FORM. TO FOSTER AN APPRECIATION FOR OUTDOOR ACTIVITIES WHILE PRESERVING AND MAINTAINING THE FREIGHT CORRIDOR. 6 5 21 103 0 0 3691913 89957 30815 781527 3 1 0 36112 3722731 907597 0 0 0 0 109151 539002 0 0 0 116305 574907 225456 1113909 3497275 -206312 5075419 5210987 52013 393893 5023406 4817094 X TO PRESERVE AND PROMOTE THE HISTORY AND CULTURE OF EARLY PACIFIC NORTHWEST LOGGING AND LOGGING RAILROADS IN BOTH EXHIBIT AND OPERATING FORM. TO FOSTER AN APPRECIATION FOR OUTDOOR ACTIVITIES WHILE PRESERVING AND MAINTAINING THE FREIGHT CORRIDOR. 1 0 962970 0 781527 WESTERN FOREST INDUSTRIES MUSEUM (WFIM), A LOCAL NONPROFIT ORGANIZATION, ASSUMED OWNERSHIP OF MT. RAINIER SCENIC RAILROAD IN AUGUST OF 2022, AFTER ITS CLOSURE BY ITS FORMER FOR-PROFIT OPERATOR, AMERICAN HERITAGE RAILWAY. SINCE 1980, THE RAILROAD HAS CARRIED OVER 1.6 MILLION PASSENGERS AND HAS PLAYED A CRITICAL ROLE IN THE ECONOMIC VITALITY OF SOUTHERN PIERCE COUNTY, AND IN THE PRESERVATION OF LOCAL HISTORY. OUR ORGANIZATION HAS AN EVEN BIGGER VISION FOR THE RAILROAD - ONE THAT IS DEPENDENT ON MANY STAKEHOLDERS, AS WELL AS THE COLLECTIVE KNOWLEDGE AND EXPERTISE OF OUR COMMUNITIES. IN 2023, WFIM BEGAN RUNNING LIMITED RAILROAD EXCURSIONS, AS WELL AS A RAIL CYCLING PROGRAM - BOTH INITIAL STEPS TOWARDS OUR LARGER VISION AND GOALS. (CONTINUED IN SCHEDULE O)IN 2023, WFIM BEGAN OFFERING RAILCYCLES, WHICH TAKE ADVANTAGE OF BOTH RAILROAD AND BICYCLE TECHNOLOGY TO ENSURE THAT THEY ARE EASY TO PEDAL AND ACCESSIBLE TO MOST PEOPLE. RAILCYCLE MT. RAINIER IS A FAMILY-FRIENDLY PEDAL-POWERED RAIL BIKE EXCURSION THAT OFFERS A UNIQUE WAY TO EXPERIENCE THE PACIFIC NORTHWEST'S RICH HISTORY OF LOGGING AND RAILROADING WHILE EXPERIENCING STUNNING VIEWS OF GLACIALLY FED RIVERS AND STREAMS.BY MAKING A CONCERTED EFFORT TO PRESERVE OUR HERITAGE, WE CREATE VITAL LINKS TO OUR CULTURAL, EDUCATIONAL, ENVIRONMENTAL, INSPIRATIONAL, AND ECONOMIC LEGACIES - ALL THE THINGS THAT MAKE US WHO WE ARE AND CHARACTERIZE OUR COMMUNITIES. AN EXPANDED RAILROAD, A NEW REGIONAL MUSEUM, AND A SIGNIFICANT TOURIST ATTRACTION CAN PROVIDE SMART, SUSTAINABLE ECONOMIC OPPORTUNITIES THAT ENHANCE OUR COMMUNITIES IN MEANINGFUL WAYS. TO ACCOMPLISH OUR GOALS, WFIM WILL NEED A WIDE RANGE OF GRAND FUNDING, POLITICAL SUPPORT, AND LOCAL BUY-IN TO EXECUTE OUR AGGRESSIVE CAPITAL PROJECT LIST; HOWEVER, OUR ORGANIZATION REMAINS DEDICATED TO SELF-SUFFICIENCY AND SUSTAINABLY FUNDING OUR ONGOING INITIATIVES AND PROJECTS. 962970 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 0 0 0 0 0 0 0 0 0 1 7 0 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BEVERLY WILSON 3608324486 PO BOX 465 EATONVILLE WA 98328 BETTY CAPESTANY PRESIDENT 5.00 X X 0 0 0 SETH BOETTCHER VICE PRESIDENT 1.00 X X 0 0 0 BEVERLY WILSON SECRETARY/TREASURER 10.00 X X 0 0 0 BYRON ADAMS DIRECTOR 1.00 X 0 0 0 HANFORD MCCLOUD DIRECTOR 1.00 X 0 0 0 RICH WILLIAMS DIRECTOR 1.00 X 0 0 0 BETHAN MAHER EXECUTIVE DIRECTOR 40.00 X 133970 0 0 133970 0 0 1 0 0 0 0 18995 70962 89957 TRAIN 485000 469503 469503 RAILCYCLES 485000 269553 269553 RIGHT-OF-WAY LEASE 532000 33912 33912 OTHER 900099 8559 8559 781527 1 1 49637 13525 36112 36112 907597 781527 0 36113 133970 133970 334468 334468 13857 13857 56707 46458 10249 6967 6967 3570 3570 3150 3150 18660 18660 43094 43094 4176 4176 8394 8394 45450 45450 43114 43114 16305 16305 146206 146206 62248 62248 MAINTENANCE & REPAIRS 115304 115304 SUPPLIES 41327 41327 TAXES 9411 9411 OTHER EXPENSES 7531 7531 1113909 962970 150939 0 13906 84521 100053 300 22375 23 10263 5587223 471343 4939085 5115880 5075419 5210987 383 42122 51630 351771 52013 393893 X 5023406 4817094 5023406 4817094 5075419 5210987 -206312 0 X 0 0 0 X 173 0 0 15515 89957 105645 90951 31315 31315 30818 781527 965926 91124 31315 31315 46333 871484 1071571 0 30664 30664 30664 30664 1040907 1 1 1 1 49637 49637 91124 31315 31315 46333 921122 1121209 0.92840 0.91970 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INVENTORY SALES PART III, LINE 1: PART III, LINE 1 EXCLUDES AN UNUSUAL CONTRIBUTION OF $3,675,778 RECEIVED IN 2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3139130 X 0 896524 896524 718051 160550 557501 3972648 310793 3661855 5115880 PART III, LINE 4: THE MUSEUM HOUSES A COLLECTION OF RAILROAD EXHIBITS AND ARTIFACTS FOR PUBLIC EDUCATION. BEVERLY WILSON BOARD MEMBER MANUFACTURE OF RAIL CYCLES X 356689 351771 0 1 1 351771 FORM 990, PART III, LINE 2 IN 2023, WFIM BEGAN OFFERING RAILCYCLES, WHICH TAKE ADVANTAGE OF BOTH RAILROAD AND BICYCLE TECHNOLOGY TO ENSURE THAT THEY ARE EASY TO PEDAL AND ACCESSIBLE TO MOST PEOPLE. RAILCYCLE MT. RAINIER IS A FAMILY-FRIENDLY PEDAL-POWERED RAIL BIKE EXCURSION THAT OFFERS A UNIQUE WAY TO EXPERIENCE THE PACIFIC NORTHWEST'S RICH HISTORY OF LOGGING AND RAILROADING WHILE EXPERIENCING STUNNING VIEWS OF GLACIALLY FED RIVERS AND STREAMS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMITTING THE FORM 990 TO THE IRS, IT WAS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD POLICY REGULATES MONITORING OF ALL AGREEMENTS OR TRANSACTIONS THAT MAY INVOLVE POTENTIAL CONFLICTS OF INTEREST. A PERSON INVOLVED IN SUCH A CONFLICT IS NOT PERMITTED TO PARTICIPATE IN DISCUSSIONS AND/OR VOTE ON THE MATTER. WRITTEN POLICIES ARE IN PLACE FOR REPORTING AND DEALING WITH CONFLICTS SHOULD THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION WAS NEGOTIATED AT ARM'S LENGTH BASED ON BOARD MEMBERS' KNOWLEDGE OF REASONABLE COMPENSATION IN THE AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.