2017-11-03T12:55:09-05:00 2016-12-31 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2016-01-01 522344655 RAILROAD RESEARCH FOUNDATION RAIL 2026392118 425 THIRD STREET SW NO 910 WASHINGTON DC 20024 JEFFREY D MARSH VICE PRESIDENT & TREASURER 2026392118 2017-11-03 1 WILLIAM E TURCO CPA P00369217 3012963600 108.171.131.189 2017-11-03 13:17:44 ED P B807BA4C69A73CA6C24C1450FD5847F62F078646 C19F5D3F195EC13517A150B69ABBCB37DF598FBC 2016 2018-03-14 21:41:22Z EDWARD HAMBERGER 425 THIRD STREET SW NO 910 WASHINGTON DC 20024 693856 0 X N/A X 1999 DE THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH AND EDUCATION ACTIVITIES TO PROMOTE TRANSPORTATION SAFETY AND EFFICIENCY. 6 1 0 1 0 0 281248 25000 623729 668856 0 0 0 0 904977 693856 0 0 0 0 0 0 0 0 0 821435 701172 821435 701172 83542 -7316 69028 54984 16941 10213 52087 44771 THE RAILROAD RESEARCH FOUNDATION IS A PUBLIC CHARITY FORMED TO CONDUCT RAILROAD RELATED RESEARCH AND EDUCATION ACTIVITIES TO PROMOTE TRANSPORTATION SAFETY AND EFFICIENCY. 0 0 649337 668856 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 WITH THE RAIL SAFETY IMPROVEMENT ACT OF 2008. THE FOUNDATION PROVIDES APPLICATION AND USER HOSTING, TECHNICAL SUPPORT CAPABILITIES AND DATA INTEGRATION. 649337 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 1 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X JEFFREY MARSH TREASURER 2026392118 425 THIRD STREET SW NO 910 WASHINGTON DC 20024 EDWARD R HAMBERGER PRESIDENT & DIRECTOR 0.10 39.90 X X 0 1820241 1023546 JEFFREY D MARSH VP, TREASURER & DIRECTOR 2.00 38.00 X X 0 451091 206653 PATRICIA M REILLY VP & DIRECTOR 0.10 39.90 X X 0 469145 135728 JOHN T GRAY VP & DIRECTOR 0.10 39.90 X X 0 522208 56253 LOUIS S THOMPSON DIRECTOR 0.10 X 0 0 0 MICHAEL J RUSH VP & DIRECTOR 1.00 39.00 X 0 379338 126285 JANET L BARTELMAY CORPORATE SECRETARY 0.10 39.90 X 0 272500 125630 MARK A MCROBERTS EXEC DIRECTOR & ASSISTANT TREASURER 4.00 36.00 X 0 213186 89634 KATHRYN D KIRMAYER VP & GENERAL COUNSEL FROM 0.10 39.90 X 0 531706 52447 0 4659415 1816176 0 0 1 0 FACTOR INC 210 25TH AVE NO SUITE 910 NASHVILLE TN 37203 PROGRAM SERVICES 649337 1 25000 25000 RCRMS LICENSE FEES 900099 668856 668856 668856 693856 668856 0 0 X 22696 22696 649337 649337 600 600 2834 2834 300 300 MGMT/ADMIN SVCS REIMB. 22923 22923 OTHER EXPENSES 2482 2482 701172 649337 51835 0 68603 54559 425 425 0 0 69028 54984 8988 7154 7953 3059 16941 10213 X 52087 44771 52087 44771 69028 54984 -7316 0 X 1 X 1 X 1 0 X 3712359 1646264 381237 281248 25000 6046108 3712359 1646264 381237 281248 25000 6046108 876322 5169786 6046108 3563452 0.85510 0.93940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 3059 3059 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 YEAR ENDED DECEMBER 31, 2016. 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 969951 0 830769 0 19521 0 986064 0 53864 0 2860169 0 0 JEFFREY D MARSH VP, TREASURER & DIRECTOR 0 343042 0 104705 0 3344 0 179867 0 36156 0 667114 0 0 PATRICIA M REILLY VP & DIRECTOR 0 355211 0 107254 0 6680 0 132781 0 12226 0 614152 0 0 JOHN T GRAY VP & DIRECTOR 0 342691 0 160025 0 19492 0 31506 0 32545 0 586259 0 0 MICHAEL J RUSH VP & DIRECTOR 0 286674 0 86626 0 6038 0 122345 0 11131 0 512814 0 0 JANET L BARTELMAY CORPORATE SECRETARY 0 219403 0 49564 0 3533 0 113402 0 18046 0 403948 0 0 MARK A MCROBERTS EXEC DIRECTOR & ASSISTANT TREASURER 0 180433 0 29999 0 2754 0 76956 0 18119 0 308261 0 0 KATHRYN D KIRMAYER VP & GENERAL COUNSEL FROM 0 403221 0 126000 0 2485 0 21550 0 40183 0 593439 0 0 PART I, LINE 4B FOLLOWING INDIVIDUALS PARTICIPATE IN THE AAR SERP: EDWARD R. HAMBERGER - $950,431 JEFFREY D. MARSH - $122,340 PATRICIA M. REILLY - $86,635 PART II, COMPENSATION: 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 2 EDWARD HAMBERGER, JANET BARTELMAY, KATHRYN KIRMAYER, JEFFREY D. MARSH, PATRICIA M. REILLY, JOHN T. GRAY, AND MICHAEL J. RUSH - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 ON APRIL 11, 2016, THE RRF BOARD OF DIRECTORS APPROVED AN AMENDMENT TO THE BYLAWS, AS DESCRIBED BELOW: THE BYLAWS OF RAILROAD RESEARCH FOUNDATION ARE HEREBY AMENDED BY DELETING SECTION 5 OF ARTICLE II (ENTITLED "REGULAR MEETINGS OF DIRECTORS") AND RENUMBERING SECTIONS 6 THROUGH 11 AS SECTIONS 5 THROUGH 10 RESPECTIVELY. 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 CONSULTING FEES & EXPENSES: PROGRAM SERVICE EXPENSES 649,337. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 649,337. 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 000280743 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 RAILROAD SERVICES DE ASSOCIATION OF AMERICAN RAILROADS C 0 RAILINC CORPORATION 7001 WESTON PARKWAY STE 200 CARY NC 27513 522131600 DEVELOPMENT SVCS DE ASSOCIATION OF AMERICAN RAILROADS C 0 0 0 1 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 2016, WITH A MATURITY DATE OF JULY 31, 2017. 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, 2016, NO AMOUNTS HAD BEEN WITHDRAWN ON THE LINE OF CREDIT.