Railway Systems Suppliers Inc
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Jacksonville, FL
- Founding
- 04/1968
- Data as of
- 12/2021
- EIN
- 13-2595348
Organization Overview
Railway Systems Suppliers Inc is located in Jacksonville, FL. The organization was established in 1968. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Railway Systems Suppliers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Railway Systems Suppliers Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $956.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT AND FOSTER THE DIVERSE BUSINESS INTEREST OF THE MEMBERS OF THIS ASSOCIATION. TO SPONSER AND EXHIBITION WHERE MEMBER COMPANIES MAY EXHIBIT THEIR PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF RAILWAY SAFETY THROUGH COLLECTION AND DISSEMINATION OF INFORMATION RELATED TO RAILWAY SYSTEM COMMUNICATION EQUIPMENT AND SYSTEM ADMINISTRATION, OPERATION, AND MANAGEMENT INFORMATION SYSTEMS. THIS IS ACCOMPLISHED FOR THE ORGANIZATION'S APPROXIMATELY 260 MEMBERS THROUGH THE CONDUCT OF ANNUAL CONVENTION (APPROXIMATELY 1,800 REGISTRANTS AND 187 EXHIBITORS), SUPPORT FOR RELATED RAIL SAFETY ORGANIZATIONS, AND SCHOLARSHIPS AND EDUCATION PROGRAMS FOR YOUTH (11 RECIPIENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Drudy Executive Dir. | Officer | 40 | $107,250 |
Sid Baker Second VP | Trustee | 0 | $0 |
Steve Bolte First VP | Trustee | 1 | $0 |
Patti Jon Goff Director | Trustee | 1 | $0 |
Phil Hess Director | Trustee | 1 | $0 |
Mike Nolan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $767,511 |
| Investment income | $277,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,703 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,068,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,322 |
| Grants and other assistance to domestic individuals. | $26,013 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,148 |
| Fees for services: Management | $107,251 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,212 |
| Office expenses | $14,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $556,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,657 |
| All other expenses | $7,278 |
| Total functional expenses | $956,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,219,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,907 |
| Total assets | $5,150,702 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $69,090 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $69,090 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,081,612 |
| Total liabilities and net assets/fund balances | $5,150,702 |
Grants Awarded
Over the last fiscal year, Railway Systems Suppliers Inc has awarded $53,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: Annual Contribution | $20,000 |
Washington, DC PURPOSE: Financial Assistance | $18,500 |
Washington, DC PURPOSE: Financial Assistance | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jolley Trolley Transportation Of Clearwater Inc Clearwater, FL | $2,816,988 | $2,908,631 |
Birmingham Regional Paratransit Consortium Birmingham, AL | $3,094,577 | $2,267,538 |
The Huntsville And Madison County Railroad Authority Huntsville, AL | $5,096,395 | $1,368,568 |
Railway Systems Suppliers Inc Jacksonville, FL | $5,150,702 | $1,068,552 |
Clifton Corridor Transportation Management Association Inc Atlanta, GA | $548,106 | $707,482 |
Johnsons Express Inc Salem, AL | $145,000 | $428,831 |
Florida Public Transportation Association Inc Tallahassee, FL | $1,278,513 | $414,597 |
Alabama Scenic River Trail Anniston, AL | $434,905 | $353,132 |
Floridians For Better Transportation Inc Tallahassee, FL | $0 | $245,611 |
Hanwash Usa Inc Seminole, FL | $275,984 | $414,263 |
Georgia Transit Association Inc Marietta, GA | $38,814 | $0 |
Family Motor Coach Association West Palm Beach, FL | $205,375 | $91,169 |