Nonprofit · EIN 85-0363487
FRIENDS OF THE CUMBRES & TOLTEC
Tax-exempt · ALBUQUERQUE, NM 87109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $738,711 | $745,202 | -$6,491 | $2,143,196 | $79,182 | $2,064,014 |
| December 31, 2023 | 990 | $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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM TENNANT | FORMER PRESI Trustee or director, Officer | 40 | $122,450 |
| DON STEWART | CHAIRMAN Trustee or director, Officer | 7 | $0 |
| CAROLINE TOWER | VICE-CHAIR Trustee or director, Officer | 11 | $0 |
| BILL LOCK | TREASURER Trustee or director, Officer | 5 | $0 |
| JOHN ENGS | PROJ COM CHA Trustee or director, Officer | 36 | $0 |
| SCOTT HARDY | DIRECTOR Trustee or director | 15 | $0 |
| DON ATKINSON | DIRECTOR Trustee or director | 1 | $0 |
| ED BEAUDETTE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL DAVENPORT | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA SELLERS | DIRECTOR Trustee or director | 5 | $0 |
| JIM HERRON | DIRECTOR Trustee or director | 2 | $0 |
| DAN PYZEL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FERRELL | DIRECTOR Trustee or director | 2 | $0 |
| IAN KELLY | DIRECTOR Trustee or director | 10 | $0 |
| TOM STEWART | DIRECTOR Trustee or director | 5 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK HIGGINS | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN JORGENSEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM TENNANT | PRESIDENT/CE Trustee or director, Officer | 40 | $104,450 |
| DON STEWART | CHAIRMAN Trustee or director, Officer | 7 | $0 |
| CAROLINE TOWER | VICE-CHAIR Trustee or director, Officer | 11 | $0 |
| JOHN ENGS | PROJ COM CHA Trustee or director, Officer | 36 | $0 |
| BILL LOCK | TREASURER Trustee or director, Officer | 5 | $0 |
| ED BEAUDETTE | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HARDY | DIRECTOR Trustee or director | 15 | $0 |
| JIM HERRON | DIRECTOR Trustee or director | 2 | $0 |
| DAN PYZEL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FERRELL | DIRECTOR Trustee or director | 2 | $0 |
| IAN KELLY | DIRECTOR Trustee or director | 10 | $0 |
| TOM STEWART | DIRECTOR Trustee or director | 5 | $0 |
| MELISSA SELLERS | DIRECTOR Trustee or director | 5 | $0 |
| FRANK HIGGINS | DIRECTOR 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 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
- Category (NTEE)
- Arts, culture and humanities (A82Z)
- Assets (IRS master file)
- $2,143,196
- Income (IRS master file)
- $769,564
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $738,711 | $745,202 | $2,143,196 | XML |
| 990 | December 2023 | $759,551 | $744,725 | $2,151,757 | XML |
| 990 | December 2022 | $939,378 | $689,764 | $2,105,487 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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.
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All nonprofits in ALBUQUERQUE · New Mexico · Arts, culture and humanities