Southeastern Narrow Gauge & Shortline Museum
Operating Budget & Fundraising Goals

Heritage Education


    Programming Equipment (audio visual items)                                         10,000
    Interpretive videos and interactive technology                                        25,000
    Expanding Indoor Museum                                                                      55,000
    Acquistion, Restoration, Renovation of Rolling Stock                            40,000
    Interpretive and Interactive Signage, Street Signs, etc                             45,000

Historic Preservation

    Site Work                                                                                                  62,560
    Structure                                                                                                  237,440
    Relocating Artifacts (rolling stock)                                                           36,000
    Restoration of Rolling Stock                                                                      37,200

Park Development

     Picnic tables and benches                                                                          1,800
     Fencing, plantings, & miniature RR                                                         30,000

Contingency

      15% Contingency, plus expected finanicing cost                                    65,000

Endowment

      Endowment seed money                                                                         55,000

Campaign Costs

      Capital Campaign Consultant                                                                 24,000
      Campaign Marketing                                                                              10,000
      Grant Writing Consultant                                                                        10,000
      Campaign Gift Coordinator                                                                      6,000

Grand Total                                                 $750,000
           

     Note that an additional $325,000 of in-kind (non-cash) donations have already been contributed to this project.

      The Southeastern Narrow Gauge & Shortline Museum is likely to cost in excess of $1 Million. This includes real estate, structure construction, park construction, rolling stock restoration, moving costs, signage, programming expenses, and the initial seeding of an endowment fund. Already, more than $325,000 worth of in-kind material and donations have been received.  It is the goal of the fund-raising committee to raise an additional $750,000  for the project.
      Ways to Support

Money: This is the easiest and most efficient way to make your pledge.

Personal Property: Stocks, bonds, and money market accounts are another way to donate. Fair market value generally dictates your tax deduction. 

Real Estate: Land, buildings, homes are all candidates for donation, but they must first be approved by the Depot Authority.

Life Insurance: A fully-paid policy or new policy is acceptable- both have tax deductible benefits.

Retirement Plan: Certain types of retirement plan benefits can be tax deductible; consult your tax advisor.

Remember, the Newton Depot Authority is a 501(c)3 non-profit. Donations to the Authority are tax deductible.

            Financing


     The campaign is designed with a three-year pledge payout period, ending in December 2014; however, it can comprise four tax years. Since construction is anticipated to begin and end before all pledge payments are collected, a construction loan may have to be secured to provide the necessary funding. Pledge receipts will be used to pay the financing required by this loan.
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     Financial information about this organization and a copy of its license are available from the State Solicitation Licensing Branch at 919 807 2214.  The license is not an endorsement by the State.
              Newton Depot Authority

                   PO Box 267
       1123 North Main Avenue
             Newton, NC 28658
                 828.464.3930

          www.newtondepot.com
       depotdonations@yahoo.com