2023-11-14T17:35:10-06:00 2022-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2022-01-01 522344655 RAILROAD RESEARCH FOUNDATION RAIL 2026392118 425 THIRD STREET SW 910 WASHINGTON DC 20024 PAUL HEDRICK VP & TREASURER 2026392118 2023-11-14 1 PAUL HEDRICK XXX-XX-XXXX 0 KELLI PECK P01423033 3217516200 2023-11-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z IAN JEFFERIES 425 THIRD STREET SW 910 WASHINGTON DC 20024 842677 0 X N/A X 1999 DE THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH. 6 1 0 1 0 0 0 0 760266 842677 0 0 0 0 760266 842677 0 0 0 0 0 0 0 0 0 762160 843886 762160 843886 -1894 -1209 368598 20100 357397 10108 11201 9992 THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH. 0 0 824132 842677 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. 824132 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 0 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 0 0 0 0 0 1 0 0 0 1 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 1647119 80250 MICHAEL J RUSH VP & DIRECTOR 4.00 36.00 X X 0 500128 57304 PAUL HEDRICK VP, TREASURER & DIRECTOR 4.00 36.00 X X 0 474739 61923 KRISTIN SMITH VP & DIRECTOR 1.00 39.00 X X 0 426002 79438 JOHN T GRAY VP & DIRECTOR 1.00 39.00 X X 0 417782 56945 LOUIS S THOMPSON DIRECTOR 1.00 X 0 0 0 JEFFREY D MARSH VP, TREASURER & DIR (THRU 3/22) 4.00 36.00 X X 0 281331 31074 KATHRYN D KIRMAYER VP & GENERAL COUNSEL 1.00 39.00 X 0 652362 64132 EDWARD A KENDALL JR CORPORATE SECRETARY 1.00 39.00 X 0 240189 53735 TIMOTHY J STRAFFORD CORPORATE SECRETARY (THRU 5/31/22) 1.00 39.00 X 0 130767 28858 JEFFREY MOLLER AVP-TRANSPORTATION 1.00 39.00 X 0 245364 50091 MARK BORCHERDING CONTROLLER 1.00 39.00 X 0 204423 30676 0 5220206 594426 0 0 1 0 FACTOR INC 210 25TH AVE NO SUITE 910 NASHVILLE TN 37203 RCRMS HOSTING 824132 1 RCRMS LICENSE FEES 900099 842677 842677 842677 842677 842677 0 0 X 2441 2441 13050 13050 824132 824132 3967 3967 296 296 843886 824132 19754 0 368598 20100 368598 20100 10108 198473 158924 0 357397 10108 X 11201 9992 11201 9992 368598 20100 -1209 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 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, 2022 AND 2021. 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 1090201 0 550000 0 6918 0 28728 0 59408 0 1735255 0 0 KATHRYN D KIRMAYER VP & GENERAL COUNSEL 0 466774 0 142642 0 42946 0 28054 0 43826 0 724242 0 0 MICHAEL J RUSH VP & DIRECTOR 0 378049 0 114073 0 8006 0 54174 0 6289 0 560591 0 0 PAUL HEDRICK VP, TREASURER & DIRECTOR 0 355084 0 116130 0 3525 0 23374 0 45254 0 543367 0 0 KRISTIN SMITH VP & DIRECTOR 0 324064 0 100230 0 1708 0 36373 0 50018 0 512393 0 0 JOHN T GRAY VP & DIRECTOR 0 396383 0 0 0 21399 0 25498 0 37658 0 480938 0 0 JEFFREY D MARSH VP, TREASURER & DIR (THRU 3/22) 0 91063 0 147219 0 43049 0 22166 0 10524 0 314021 0 0 EDWARD A KENDALL JR CORPORATE SECRETARY 0 211881 0 27600 0 708 0 14609 0 43862 0 298660 0 0 JEFFREY MOLLER AVP-TRANSPORTATION 0 207566 0 34308 0 3490 0 21395 0 30996 0 297755 0 0 MARK BORCHERDING CONTROLLER 0 179436 0 22081 0 2906 0 15805 0 18268 0 238496 0 0 TIMOTHY J STRAFFORD CORPORATE SECRETARY (THRU 5/31/22) 0 107262 0 0 0 23505 0 13541 0 16787 0 161095 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. 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 THE FORM 990 IS FIRST REVIEWED IN DETAIL BY PRESIDENT AND TREASURER PRIOR TO FILING. THEN A COPY OF THE RETURN IS PROVIDED TO EACH MEMBER OF CURRENT GOVERNING BODY - VIA SECURE ONLINE LINK TO PDF DOCUMENT. THE DIRECTORS ARE GIVEN AN OPPORTUNITY TO REVIEW, DISCUSS, AND ASK QUESTIONS BEFORE THE RETURN IS FILED WITH THE IRS. 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 824,132. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 824,132. 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 0 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 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 10/27/2023. 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, 2022, NO AMOUNTS HAD BEEN WITHDRAWN ON THE LINE OF CREDIT.