2019-11-04T17:02:13-06:00 2018-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-01-01 522344655 RAILROAD RESEARCH FOUNDATION RAIL 2026392118 425 THIRD STREET SW NO 910 WASHINGTON DC 20024 JEFFREY D MARSH VP & TREASURER 2026392118 2019-11-04 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.134 2019-11-04 10:49:58 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2020-03-31 21:24:44Z IAN JEFFERIES 425 THIRD STREET SW NO 910 WASHINGTON DC 20024 703747 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 14000 655684 689747 0 0 0 0 655684 703747 0 0 0 0 0 0 0 0 0 669983 700076 669983 700076 -14299 3671 56227 51774 25755 17631 30472 34143 THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH. 0 0 669625 689747 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. 669625 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X JEFFREY MARSH 2026392118 425 THIRD STREET SW NO 910 WASHINGTON DC 20024 EDWARD R HAMBERGER PRESIDENT & DIRECTOR 1.00 39.00 X X 0 3204551 713960 MICHAEL J RUSH VP & DIRECTOR 4.00 36.00 X X 0 448903 253005 JEFFREY D MARSH VP, TREASURER & DIRECTOR 4.00 36.00 X X 0 651613 241495 KRISTIN SMITH VP & DIRECTOR 1.00 39.00 X X 0 337485 65285 JOHN T GRAY VP & DIRECTOR 1.00 39.00 X X 0 569236 70198 LOUIS S THOMPSON DIRECTOR 1.00 X 0 0 0 KATHRYN D KIRMAYER VP & GENERAL COUNSEL 1.00 39.00 X 0 709034 52858 JANET L BARTELMAY CORPORATE SECRETARY THRU 9/2018 1.00 39.00 X 0 103757 191129 MARK A MCROBERTS ASST. TREASURER 4.00 36.00 X 0 234259 85760 TIMOTHY J STRAFFORD CORPORATE SECRETARY 1.00 39.00 X 0 271534 48456 0 6530372 1722146 0 0 1 0 FACTOR INC 210 25TH AVE NO SUITE 910 NASHVILLE TN 37203 PROGRAM SERVICES 669625 1 14000 14000 RCRMS LICENSE FEES 900099 689747 689747 689747 703747 689747 0 0 X 15640 15640 669625 669625 2474 2474 MGMT/ADMIN SVCS REIMB. 11000 11000 OTHER EXPENSES 1337 1337 700076 669625 30451 0 55802 51349 425 425 56227 51774 13363 6631 7000 5392 11000 25755 17631 X 30472 34143 30472 34143 56227 51774 3671 0 X 1 X 1 X 1 0 X 381237 281248 25000 14000 701485 381237 281248 25000 14000 701485 315970 385515 701485 3509595 0.54960 0.85250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 11000 11000 X PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. 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, 2018 AND 2017. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. 0 1 0 0 0 0 0 0 0 EDWARD R HAMBERGER PRESIDENT & DIRECTOR 0 1019388 0 1091033 0 1094130 0 674504 0 56916 0 3935971 0 1080000 MICHAEL J RUSH VP & DIRECTOR 0 322690 0 121477 0 4736 0 249552 0 11327 0 709782 0 0 JEFFREY D MARSH VP, TREASURER & DIRECTOR 0 373915 0 272075 0 5623 0 215270 0 36308 0 903191 0 0 KRISTIN SMITH VP & DIRECTOR 0 240683 0 96000 0 802 0 31865 0 39586 0 408936 0 0 JOHN T GRAY VP & DIRECTOR 0 360188 0 192927 0 16121 0 43987 0 33814 0 647037 0 0 KATHRYN D KIRMAYER VP & GENERAL COUNSEL 0 423880 0 161534 0 123620 0 19864 0 43305 0 772203 0 70000 JANET L BARTELMAY CORPORATE SECRETARY THRU 9/2018 0 102465 0 0 0 1292 0 186215 0 7183 0 297155 0 0 MARK A MCROBERTS ASST. TREASURER 0 191707 0 39397 0 3155 0 72421 0 17140 0 323820 0 0 TIMOTHY J STRAFFORD CORPORATE SECRETARY 0 223803 0 47000 0 731 0 24331 0 27540 0 323405 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. PART I, LINE 4B FOLLOWING INDIVIDUAL RECEIVED PAYMENT FROM AAR NON-QUALIFIED DERERRED COMPENSATION ARRANGEMENT. KATHY D. KIRMAYER - $121,379 THE FOLLOWING EXECUTIVES PARTICIPATE IN AAR RETENTION AND STAY AGREEMENTS: EDWARD R. HAMBERGER - $613,067 MICHAEL J. RUSH - $53,154 JEFFREY D. MARSH - $115,476 FOLLOWING INDIVIDUAL RECEIVED PAYMENT FROM THE AAR RETENTION AND STAY AGREEMENTS: EDWARD R. HAMBERGER - $1,080,000 FORM 990, PART VI, SECTION A, LINE 2 EDWARD HAMBERGER, JANET BARTELMAY AND KATHRYN KIRMAYER - BUSINESS RELATIONSHIP 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 TO THE EXTENT REQUIRED BY LAW. FORM 990, PART IX, LINE 11G CONTRACTOR FEES & EXPENSES: PROGRAM SERVICE EXPENSES 669,625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 669,625. 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 ASSOCIATION OF AMERICAN RAILROADS C 0 RAILINC CORPORATION 7001 WESTON PARKWAY STE 200 CARY NC 27513 522131600 IT & SERVICES DE ASSOCIATION OF AMERICAN RAILROADS C 0 0 0 0 1 1 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 HAD AN ORIGINAL EXPIRATION DATE OF JULY 31, 2008 AND THE AGREEMENT WAS SUBSEQUENTLY RENEWED MOST RECENTLY DURING 2017, WITH A MATURITY DATE OF AUGUST 31, 2019. UNDER THE LINE OF CREDIT FACILITY, SUNTRUST 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, 2018, NO AMOUNTS HAD BEEN WITHDRAWN ON THE LINE OF CREDIT.