Railway Supply Institute Inc
- Assets
- $2.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 02/1965
- Data as of
- 12/2021
- EIN
- 36-2483079
Organization Overview
Railway Supply Institute Inc is located in Washington, DC. The organization was established in 1965. 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. As of 12/2021, Railway Supply Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Railway Supply Institute 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 Supply Institute Inc generated $2.4m 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 (8.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) 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
THE RAILWAY SUPPLY INSTITUTE MISSION IS TO SUPPORT, CONNECT AND ADVOCATE FOR RAILWAY SUPPLIERS. RSI CONNECTS MEMBERS TO THEIR CUSTOMERS AND PARTNERS, SUPPORTS THE IMPROVEMENT OF THE INDUSTRY, ASSISTS MEMBERS IN THE GLOBAL MARKETPLACE, AND REPRESENTS THE INDUSTRY DURING THE REGULATORY AND LEGISLATIVE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE SPONSORS THE RAILWAY SUPPLY INSTITUTE CONVENTION AND EXHIBITION OF RAILWAY EQUIPMENT IN CONNECTION WITH AN ANNUAL TECHNICAL CONFERENCE. THE ASSOCIATION SPONSORS ADDITIONAL SEMINARS, CONVENTIONS AND CONFERENCES TO PROMULGATE INFORMATION AND ISSUES RELATED TO THE RAILROAD INDUSTRY THROUGHOUT THE YEAR.
TANK CAR RESEARCH PROJECT, IN CONJUNCTION WITH AAR, DESIGNED TO MAKE TANK CARS SAFER, AND OTHER ACTIVITIES OF THE RSI COMMITTEE ON TANK CARS.
ADVOCATE BEFORE FEDERAL & STATE GOVERNMENT ENTITIES ON POLICY ISSUES AFFECTING RSI MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn M Leach Vice President Administ | Officer | 38 | $166,530 |
Nicole B Brewin Sr Vice President Government & Public Affairs | Officer | 50 | $114,203 |
Amanda Patrick Vice President Trade Shows | Officer | 40 | $81,368 |
Scott Dierks Secretary | OfficerTrustee | 0.5 | $0 |
Scott Mautino Vice Chairman | OfficerTrustee | 0.5 | $0 |
Terry Heidkamp Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John R Byrne Llc Consulting | 12/30/21 | $134,166 |
Holland & Knight Consulting | 12/30/21 | $213,797 |
Lee Verhey Consulting | 12/30/21 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,000 |
| Total Program Service Revenue | $2,129,959 |
| Investment income | $45,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,412,437 |
| 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. | $446,204 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,993 |
| Payroll taxes | $35,434 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $57,552 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,791 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,750 |
| Office expenses | $29,023 |
| Information technology | $43,401 |
| Royalties | $0 |
| Occupancy | $76,244 |
| Travel | $2,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,010 |
| Insurance | $11,912 |
| All other expenses | $91,426 |
| Total functional expenses | $2,899,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $683,069 |
| Savings and temporary cash investments | $70,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $271,459 |
| 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 | $26,444 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,855,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,906,320 |
| Accounts payable and accrued expenses | $528,543 |
| Grants payable | $0 |
| Deferred revenue | $499,038 |
| 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 | $50,000 |
| Total liabilities | $1,077,581 |
| Net assets without donor restrictions | $1,828,739 |
| 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 | $2,906,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Railway Supply Institute Inc has recieved totaling $18,500.
| Awarding Organization | Amount |
|---|---|
Railway Systems Suppliers Inc Jacksonville, FL PURPOSE: Financial Assistance | $18,500 |
Endowment Analysis
| Beg. Balance | $1,533,783 |
| Earnings | $121,198 |
| Net Contributions | $235,289 |
| Other Expense | $35,032 |
| Ending Balance | $1,855,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Transportation Association Of America Washington, DC | $1,938,592 | $5,661,532 |
Railway Supply Institute Inc Washington, DC | $2,906,320 | $2,412,437 |
D19 Transportation Service Inc Stony Creek, VA | $1,091,605 | $1,951,596 |
Conference Of Minority Transportation Officials Alexandria, VA | $1,890,190 | $2,702,650 |
Western Maryland Scenic Railroad Development Corp Cumberland, MD | $4,819,096 | $2,322,862 |
Japan Internattional Transport And Tourism Institute Usa Washington, DC | $1,075,827 | $1,727,491 |
Airport Consultants Council Inc Alexandria, VA | $609,266 | $1,404,585 |
Airport Minority Advisory Council Washington, DC | $1,536,185 | $1,248,979 |
Washington Airports Task Force Dulles, VA | $739,366 | $856,049 |
Virginia Transit Association Richmond, VA | $357,650 | $596,735 |
Transportation Action Partnership Of North Bethesda & Rockville Inc Rockville, MD | $281,024 | $448,172 |
Northern Virginia Transporation Education Foundation Mclean, VA | $397,752 | $444,310 |