2024-11-07T12:45:59-06:00 2023-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-01-01 522344655 RAILROAD RESEARCH FOUNDATION RAIL 2026392118 425 THIRD STREET SW 910 WASHINGTON DC 20024 PAUL HEDRICK VP & TREASURER 2026392118 2024-11-06 1 0 KELLI PECK P01423033 3217516200 2024-11-06 2023 2024-10-15 13:58:12Z X IAN JEFFERIES 425 THIRD STREET SW 910 WASHINGTON DC 20024 887191 0 X N/A X 1999 DE THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH. X 6 1 0 1 0 0 0 0 842677 887191 0 0 0 0 842677 887191 0 4606 0 0 0 0 0 0 0 843886 892577 843886 897183 -1209 -9992 20100 0 10108 0 9992 0 THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH. 0 0 851059 4606 887191 RCRMS LICENSE ACTIVITIES:GOVERNED BY LICENSING AGREEMENTS BETWEEN THE FOUNDATION AND THE SEVEN (7) CLASS I AND FOUR(4) SHORTLINE RAILROADS, THE RCRMS FREIGHT RAILROAD RISK ASSESSMENT TOOL IS RECOGNIZED AS A KEY ENABLING TECHNOLOGY FOR THE RAILROAD INDUSTRY TO ASSIST IN ACCOMPLISHING THE RISK EVALUATION OBJECTIVES FOR COMPLIANCE TO THE RAIL SAFETY IMPROVEMENT ACT OF 2008. THE FOUNDATION PROVIDES APPLICATION AND USER HOSTING, TECHNICAL SUPPORT CAPABILITIES AND DATA INTEGRATION. 851059 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 1 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 X PAUL HEDRICK 2026392118 425 THIRD STREET SW 910 WASHINGTON DC 20024 IAN JEFFERIES PRESIDENT & DIRECTOR 1.00 39.00 X X 0 2515035 82445 MICHAEL J RUSH VP & DIRECTOR 4.00 36.00 X X 0 538526 71046 PAUL HEDRICK VP, TREASURER & DIRECTOR 4.00 36.00 X X 0 545813 68388 KRISTIN SMITH VP & DIRECTOR 1.00 39.00 X X 0 474799 75254 JOHN T GRAY VP & DIRECTOR 1.00 39.00 X X 0 553531 59149 LOUIS S THOMPSON DIRECTOR 1.00 X 0 0 0 KATHRYN D KIRMAYER VP & GENERAL COUNSEL 1.00 39.00 X 0 703703 57985 EDWARD A KENDALL JR CORPORATE SECRETARY 1.00 39.00 X 0 267001 54807 JEFFREY MOLLER AVP-TRANSPORTATION 1.00 39.00 X 0 261884 63772 MARK BORCHERDING CONTROLLER (THRU 03-22-2023) 1.00 39.00 X 0 65161 5744 0 5925453 538590 0 0 1 0 FACTOR INC 210 25TH AVE NO SUITE 910 NASHVILLE TN 37203 RCRMS HOSTING 846453 1 RCRMS LICENSE FEES 900099 887191 887191 887191 887191 887191 0 0 X 4606 4606 13028 13028 27500 27500 846453 846453 5596 5596 897183 851059 46124 0 20100 0 20100 0 10108 10108 0 X 9992 0 9992 0 20100 0 -9992 0 X 1 X 1 X 1 0 X X 1 ASSOCIATION OF AMERICAN RAILROADS 536000125 10 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 PART IV, SECTION A, LINE 1 THE ORGANIZATION IS IN THE PROCESS OF REVISING ITS GOVERNING DOCUMENTS TO PROPERLY REFLECT THE SUPPORTED ORGANIZATION BY NAME. THE ORGANIZATION AND ITS SUPPORTED ORGANIZATION HAVE A HISTORIC AND CONTINUING RELATIONSHIP. PART I, LINE 12G, COLUMN IV: THE ORGANIZATION WAS IN THE PROCESS OF REVISING ITS GOVERNING DOCUMENTS TO PROPERLY REFLECT THE SUPPORTED ORGANIZATION BY NAME. THE ORGANIZATION AND ITS SUPPORTED ORGANIZATION HAVE A HISTORIC AND CONTINUING RELATIONSHIP. EFFECTIVE DECEMBER 27, 2023, RAILROAD RESEARCH FOUNDATION (RRF) WAS DISSOLVED AS A 501(C)(3) CORPORATION IN THE STATE OF DELAWARE. PART IV, SECTION A, LINE 3B: THE AAR, THE SUPPORTED ORGANIZATION, RECEIVES MORE THAN 33-1/3% OF ITS TOTAL SUPPORT EACH YEAR FROM MEMBERSHIP DUES, INDUSTRY SUPPORT, USER FEES. PUBLICATIONS, LICENSING, AND OTHER SERVICES AND AAR DOES NOT RECEIVE MORE THAN 33-1/3% OF ITS SUPPORT EACH YEAR FROM INTEREST, DIVIDENDS, RENTS, AND ROYALTIES. PART IV, SECTION A, LINE 3C: THE FOUNDATION DOES NOT PROVIDE DIRECT FINANCIAL SUPPORT TO AAR. RATHER, THE FOUNDATION ADMINISTERS CERTAIN CHARITABLE ACTIVITIES ON BEHALF OF AAR. AS A RESULT, THE FOUNDATION IS ABLE TO ENSURE THAT ITS RESOURCES ARE USED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE FOUNDATION WAS ESTABLISHED TO PROVIDE WORLD CLASS POLICY RESEARCH DEVOTED TO SUSTAINING A SAFE, SECURE, TECHNOLOGICALLY ADVANCED AND MARKETPLACE DRIVEN RAILROAD INDUSTRY. THE FOUNDATION UNDERTAKES RESEARCH AND EDUCATION ACTIVITIES IN THE PUBLIC INTEREST AND THE PUBLIC GOOD. EFFORTS HAVE FOCUSED ON SAFETY, SECURITY, TECHNOLOGY AND EFFICIENCY END ENVIRONMENTALLY FRIENDLY PASSENGER AND FREIGHT RAIL OPERATIONS. THESE ACTIVITIES RESULT IN IMPROVEMENT OF SAFETY, SECURITY, AND INFRASTRUCTURE, AND ADVANCE THE STATE OF THE ART IN A VARIETY OF AREAS INCLUDING TRAIN CONTROL, WIRELESS COMMUNICATIONS, SUICIDE PREVENTION, SECURITY AND HIGHWAY GRADE CROSSINGS. THE SYSTEMS AND TOOLS DEVELOPED THROUGH THE FOUNDATION ARE INTENDED TO BE INTEROPERABLE THROUGHOUT THE RAILROAD SYSTEM, AND WHEREVER FEASIBLE, WILL USE NON-PROPRIETARY, INTER-OPERABLE STANDARDS. PART IV, SECTION A, LINE 6: THE ORGANIZATION PROVIDES APPLICATION AND USER HOSTING, TECHNICAL SUPPORT CAPABILITIES, AND DATA INTEGRATION FOR THE RAIL CORRIDOR RISK MANAGEMENT SYSTEM (RCRMS). THE RCRMS IS RECOGNIZED AS A KEY ENABLING TECHNOLOGY FOR THE FREIGHT RAILROAD INDUSTRY TO ASSIST IN ACCOMPLISHING THE RISK EVALUATION OBJECTIVES FOR COMPLIANCE WITH THE RAIL SAFETY IMPROVEMENT ACT OF 2008. 0 X PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF IRC SECTION 501(C)(3) AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO INCOME TAXES. THE FOUNDATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. MANAGEMENT EVALUATED THE FOUNDATIONS TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 IAN JEFFERIES PRESIDENT & DIRECTOR 0 1341956 0 1012500 0 160579 0 31423 0 57222 0 2603680 0 0 KATHRYN D KIRMAYER VP & GENERAL COUNSEL 0 484237 0 176307 0 43159 0 30723 0 33432 0 767858 0 0 PAUL HEDRICK VP, TREASURER & DIRECTOR 0 395405 0 146466 0 3942 0 26330 0 47987 0 620130 0 0 JOHN T GRAY VP & DIRECTOR 0 409916 0 121796 0 21819 0 29137 0 35362 0 618030 0 0 MICHAEL J RUSH VP & DIRECTOR 0 389321 0 140995 0 8210 0 68278 0 5237 0 612041 0 0 KRISTIN SMITH VP & DIRECTOR 0 345488 0 127492 0 1819 0 35984 0 45045 0 555828 0 0 JEFFREY MOLLER AVP-TRANSPORTATION 0 215353 0 42404 0 4127 0 36511 0 28867 0 327262 0 0 EDWARD A KENDALL JR CORPORATE SECRETARY 0 230843 0 35280 0 878 0 15035 0 43470 0 325506 0 0 PART I, LINE 3 THE RAILROAD RESEARCH FOUNDATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS. ALL COMPENSATION SHOWN IN PART VII OF THE FORM 990, AND SCHEDULE J, PAGE 2, PART II, IS PAID BY A RELATED ORGANIZATION OF THE FOUNDATION, THE ASSOCIATION OF AMERICAN RAILROADS. THE COMPENSATION DETERMINATION METHODOLOGY OF THE ASSOCIATION OF AMERICAN RAILROADS IS AS FOLLOWS: EXCEPT FOR ONE DIRECTOR WITH NO REPORTABLE COMPENSATION, ALL RRF DIRECTORS AND OFFICERS ARE EMPLOYED BY THE ASSOCIATION OF AMERICAN RAILROADS (AAR). IN REGARD TO AAR EMPLOYED DIRECTORS AND OFFICERS, COMPARABILITY DATA IS PREPARED BY AN INDEPENDENT COMPENSATION CONSULTANT FOR EXECUTIVE (CEO AND VICE PRESIDENTS) COMPENSATION. THAT INFORMATION IS PROVIDED ANNUALLY TO THE ORGANIZATION'S GOVERNANCE COMMITTEE AS PART OF ITS ANNUAL BUDGET DELIBERATIONS. EXECUTIVE SALARIES ARE REVIEWED AND ANY MERIT ADJUSTMENTS FOR THAT FISCAL YEAR ARE DETERMINED AS PART OF THE ANNUAL BUDGETARY PROCESS. CONTEMPORANEOUS MINUTES OF GOVERNANCE COMMITTEE MEETINGS ARE MAINTAINED. CASH 2024-05-01 4606 FMV 882977337 MXV LEARNING INSTITUTE 350 KEELER PARKWAY PUEBLO CO 81001 501(C)(3) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: MICHAEL RUSH PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: DIRECTOR, NO BENEFIT RECEIVED OR TO BE RECEIVED. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE DECEMBER 27, 2023, RAILROAD RESEARCH FOUNDATION (RRF) WAS DISSOLVED AS A 501(C)(3) CORPORATION IN THE STATE OF DELAWARE. ALL RIGHTS, TITLE, INTEREST, AND CONTRACT IN THE RAIL CORRIDOR RISK MANAGEMENT SYSTEM (RCRMS) THAT ASSISTS RAIL OPERATORS WITH MAINTAINING COMMODITY FLOW INFORMATION FOR CERTAIN REGULATED HAZARDOUS MATERIALS AS WELL AS ANALYZING SAFETY AND SECURITY RISKS FOR SUCH COMMODITY FLOWS WERE ASSIGNED TO MXV LEARNING INSTITUTE, A 501(C)(3). AFTER PAYMENT OF RRF LIABILITIES AND OBLIGATIONS, ALL REMAINING ASSETS WERE DISTRIBUTED TO MXV LEARNING INSTITUTE. FORM 990, PART VI, SECTION A, LINE 8B WHILE FORMAL MINUTES OF MANAGEMENT COMMITTEE MEETINGS ARE NOT RECORDED, ACTIONS TAKEN BY THE MANAGEMENT COMMITTEE ARE SUBSEQUENTLY PRESENTED IN WRITING TO THE BOARD OF DIRECTORS FOR RATIFICATION. FORM 990, PART VI, SECTION B, LINE 11B RRF WAS DISSOLVED DECEMBER 27, 2023. AS BOARD MEMBERS WERE DISCHARGED OF THEIR DUTIES AT THAT TIME, THE 2023 FORM 990 WAS REVIEWED WITH THE FORMER TREASURER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES EMPLOYEES AND DIRECTORS, ON AN ONGOING BASIS, TO IMMEDIATELY REPORT ANY CONFLICT OR POTENTIAL CONFLICT. WHEN AN EMPLOYEE OR DIRECTOR REASONABLY BELIEVES THAT A CONFLICT OF INTEREST MAY EXIST OR APPEARS TO EXIST, THE EMPLOYEE OR DIRECTOR MUST PROMPTLY AND FULLY DISCLOSE THE CONFLICT, REFRAIN FROM PARTICIPATION IN THE MATTER UNTIL THE QUESTION IS RESOLVED, AND FOLLOW ANY DIRECTIONS GIVEN BY THE ORGANIZATION CONCERNING THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G CONTRACTOR FEES & EXPENSES: PROGRAM SERVICE EXPENSES 846,453. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 846,453. ASSOCIATION OF AMERICAN RAILROADS 425 THIRD ST SW STE 1000 WASHINGTON DC 20024 536000125 TRADE ASSOCIATION DC 501(C)(6) N/A 0 RAILPAC 425 THIRD ST SW STE 1000 WASHINGTON DC 20024 521811074 POLITICAL ACTIVITIES DC 527 ASSOCIATION OF AMERICAN RAILROADS 0 AAR RETIREE LIFE INSURANCE TRUST 425 THIRD ST SW STE 1000 WASHINGTON DC 20024 521161363 PROVIDES RETIREE LIFE INSURANCE TO PLAN PARTICIPANTS DC 501(C)(9) ASSOCIATION OF AMERICAN RAILROADS 0 TRANSPORTATION TECHNOLOGY CENTER INC 55500 DOT ROAD PUEBLO CO 81001 841440384 RESEARCH & TESTING DE N/A C 0 RAILINC CORPORATION 7001 WESTON PARKWAY STE 200 CARY NC 27513 522131600 IT & SERVICES DE N/A C 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 PART V, LINE 1D AND 1E: THE TRANSACTION CORRESPONDING WITH LINES 1D AND 1E INVOLVES A LOAN WHICH RRF IS A GUARANTOR TO FOR THE TTCI/MXV RAIL LOAN FROM CAPITAL ONE AND AN UNSECURED LINE OF CREDIT WHICH WAS CO-SIGNED BY ORGANIZATIONS RELATED TO THE ASSOCIATION OF AMERICAN RAILROADS. THE $4 MILLION UNSECURED LINE OF CREDIT HAS A MATURITY DATE OF 10/31/2024. UNDER THE LINE OF CREDIT FACILITY, CAPITAL ONE BANK WILL ALLOW ADVANCES AT ANY TIME PROVIDED NO SIGNIFICANT DETERIORATION IN THE FINANCIAL CONDITION OF THE CO-BORROWERS HAS OCCURRED. AS OF DECEMBER 31, 2023, NO AMOUNTS HAD BEEN WITHDRAWN ON THE LINE OF CREDIT.