Railway Tie Association
- Assets
- $1.1m
- Revenue
- $917.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Vicksburg, MS
- Founding
- 03/1938
- Data as of
- 12/2023
- EIN
- 31-4440065
Organization Overview
Railway Tie Association is located in Vicksburg, MS. The organization was established in 1938. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Railway Tie Association employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Railway Tie Association 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 12/2023, Railway Tie Association generated $917.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $880.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION TO PROMOTE THE VALUE AND ENVIRONMENTALLY SOUND USE OF WOOD CROSSTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOOD CROSSTIES ENGINEERING AND ADVERTISING PROJECT TO PROMOTE WOOD CROSSTIES
SCHOLARSHIPS - FORESTRY
PUBLICATION OF VARIOUS MATERIALS CONCERNING THE PRODUCTION, UTILITZATION, RESEARCH AND SPECIFICATIONS REGARDING WOOD RAILWAY CROSSTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Irby Executive Director | Trustee | 40 | $172,308 |
David Koch President | Trustee | 5 | $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 | $413,621 |
| Investment income | $32,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $917,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,308 |
| Compensation of current officers, directors, key employees. | $172,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,083 |
| Payroll taxes | $31,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,981 |
| Fees for services: Accounting | $5,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,722 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,277 |
| Office expenses | $0 |
| Information technology | $30,129 |
| Royalties | $0 |
| Occupancy | $3,124 |
| Travel | $58,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,346 |
| Interest | $10,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,390 |
| Insurance | $2,370 |
| All other expenses | $101,393 |
| Total functional expenses | $880,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,710 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $25,959 |
| Investments—publicly traded securities | $897,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,114,710 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $150,000 |
| Net assets without donor restrictions | $964,710 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,114,710 |