Skip to main content

Nonprofit · EIN 01-0478004

THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST

Also known as NARROW GAUGE RAILROAD CO & MUSEUM

Tax-exempt · PORTLAND, ME 04103

Financials

$1.8M$1.9M2023
Revenue Expenses · by fiscal year end
Financials of THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2024990$1,839,157$1,862,436-$23,279$1,948,394$242,370$1,706,024
Financial details: 990 for the year ended March 31, 2024

Revenue

Contributions, gifts and grants
$47,900
of which government grants
$2,600
Membership dues
$5,315
Program service revenue
$1,715,747
Investment income
$38,720
Net income from sales of inventory
$36,658
Other revenue
$36,790

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$97,635
Other salaries and wages
$404,314
Salaries, compensation and benefits (total)
$573,770
Professional fundraising fees
$0
Legal fees
$2,168
Accounting fees
$10,920
Occupancy
$219,289
Travel
$25,533
Depreciation
$57,768
Program services (functional)
$1,521,643
Management and general (functional)
$248,852
Fundraising (functional)
$91,941

Balance sheet and other

Total assets, start of year
$2,429,096
Total assets, end of year
$1,948,394
Total liabilities, end of year
$242,370
Net assets, end of year
$1,706,024
Land, buildings and equipment
$942,513
Net assets without donor restrictions
$1,706,024
Gross receipts
$1,963,534
Employees
23
Volunteers
600
Year formed
1993
State of legal domicile
ME

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 March 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Griffin BourassaExecutive Director
Officer
40$92,404$5,186
Paul ForbesPresident
Trustee or director, Officer
1$0$0
Dakota DumontVice President
Trustee or director, Officer
1$0$0
Brian LibbyTreasurer
Trustee or director, Officer
1$0$0
Jonathan KeenanSecretary
Trustee or director, Officer
1$0$0
Alex EnsignTrustee
Trustee or director
1$0$0
Ron GuayTrustee
Trustee or director
1$0$0
Jess Davis-KnowltonTrustee
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1386 RIVERSIDE ST, PORTLAND, ME 04103-1642
Principal officer (990 for 2023)
Griffin Bourassa, 413 Presumpscot Street, Portland, ME 04103
Signed the 990
Griffin Bourassa, Executive Director
Phone
(207) 828-0814
Return prepared by
PGM LLC

Mission

The Maine Narrow Gauge Railroad Company & Museum preserves and operates hstoric two-foot gauge railroad equipment for the education and enjoyment of the public.

990 for the year ended March 31, 2024

Program accomplishments

  • Our extensive collection of historic Maine two-foot narrow gauge railroad locomotives, cars, photograhphs, records, and artifacts allows us to display and interpret them as museum exhibits for the education of the public. More importantly, we operate locomotives and cars that carry our visitors on a living history trip back in time to what rural Maine was like in the period 1879 to 1943.
    Expenses $1,521,643 · revenue $680,493

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 March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025Not on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
01-0478004
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
1993
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,948,394
Income (IRS master file)
$1,963,534

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2024$1,839,157$1,862,436$1,948,394XML
990March 2022–––IRS
990March 2021–––IRS
990March 2020–––IRS
990December 2018–––IRS
990December 2017–––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 01-0478004).

Questions about THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST

What is the EIN of THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST?
The employer identification number (EIN) of THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST is 01-0478004.
Is THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST 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 THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2024.
Who is the principal officer of THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST?
The 990 for the year ended March 31, 2024 names Griffin Bourassa.
Who are the officers and directors of THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST?
The 990 for the year ended March 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $92,404 (Griffin Bourassa, Executive Director).
How much revenue does THE MAINE NARROW GAUGE RAILROAD AND INDUSTRIAL HERTIAGE TRUST have?
On its 990 for the year ended March 31, 2024 it reported revenue of $1,839,157, expenses of $1,862,436 and total assets of $1,948,394 at year end.

Other nonprofits in PORTLAND

All nonprofits in PORTLAND · Maine · Science and technology