National Railroad Construction & Maintenance Association
- Assets
- $3.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1976
- Data as of
- 06/2023
- EIN
- 37-0990937
Organization Overview
National Railroad Construction & Maintenance Association is located in Washington, DC. The organization was established in 1976. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Railroad Construction & Maintenance 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 06/2023, National Railroad Construction & Maintenance Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION ADVANCES THE INTERESTS OF THE RAILROAD CONSTRUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS AN ANNUAL CONFERENCE WHERE STAKEHOLDERS OF THE RAILROAD CONSTRUCTION AND MAINTENANCE INDUSTRY ARE ENCOURAGED TO ATTEND. THE CONFERENCE TYPICALLY ENCOMPASSES APPROXIMATELY 1,200 ATTENDEES, 150 EXHIBITORS, AND 25,000 SQUARE FEET OF MEETING SPACE WITH A UNIQUE PROGRAM AGENDA THAT INCLUDES CHIEF ENGINEERS FROM THE MAJOR FREIGHT RAILROADS AND OTHER KEY SPEAKERS COVERING UP-TO-DATE TOPICS OF IMPORTANCE TO THE RAIL INDUSTRY.
MEMBERSHIP SERVICES AND OTHER PROGRAMS
THE ORGANIZATION COORDINATED GRASSROOTS EVENTS THROUGHOUT THE YEAR, ALLOWING NRC MEMBERS TO SHOWCASE THEIR FACILITIES TO CONGRESSIONAL AND LOCAL GOVERNMENT OFFICIALS, DEVELOP POSITIVE RELATIONSHIPS WITH POLICYMAKERS, AND SHOW THE POSITIVE IMPACT OF RAILROAD CONSTRUCTION AND MAINTENANCE ACTIVITY IN THE COMMUNITY. RAILROAD DAY ON THE HILL ALLOWS STAKEHOLDERS IN THE RAILROAD INDUSTRY TO MEET WITH THEIR CONGRESSIONAL MEMBERS AND PROMOTE THE INTERESTS OF THE RAIL INDUSTRY.
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO QUALIFIED CHILDEREN OR GRANDCHILDREN OF EMPLOYEES OF NRC MEMBER COMPANIES. IN ADDITION, NRC HAS A PROGRAM THAT AWARDS AN EDUCATION GRANT TO AN EDUCATIONAL INSTITUTION IN THE UNITED STATES WITH A RAILWAY CONSTRUCTION, RAILWAY ENGINEERING OR CONSTRUCTION MANAGEMENT PROGRAM. THE ORGANIZATION AWARDED $15,000 IN EDUCATIONAL GRANT DURING FISCAL YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Hansen Immediate Past Chairman | OfficerTrustee | 2 | $0 |
Steve Bolte Chairman | OfficerTrustee | 2 | $0 |
Joe Daloisio III Vice Chairman | OfficerTrustee | 2 | $0 |
Dave Bergstrom Director | Trustee | 2 | $0 |
Curtis Bilow Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Allen Branham Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chambers Conlon Hartwell Management | 6/29/20 | $782,733 |
Tga Association Management Solution Management | 6/29/20 | $399,667 |
Jw Marriott Marco Island Hospitality | 6/29/20 | $408,309 |
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 | $2,246,947 |
| Investment income | $23,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,274,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $21,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $574,202 |
| Fees for services: Legal | $3,319 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,245 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,903 |
| Office expenses | $7,801 |
| Information technology | $128,579 |
| Royalties | $0 |
| Occupancy | $9,123 |
| Travel | $430,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $259,742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $815 |
| Insurance | $14,776 |
| All other expenses | $15,146 |
| Total functional expenses | $1,896,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,999 |
| Savings and temporary cash investments | $500,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,716 |
| 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 | $5,788 |
| Investments—publicly traded securities | $1,424,975 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,116 |
| Total assets | $2,993,655 |
| Accounts payable and accrued expenses | $61,212 |
| 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 | $0 |
| Other liabilities | $204,750 |
| Total liabilities | $265,962 |
| Net assets without donor restrictions | $2,727,693 |
| 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 | $2,993,655 |
Grants Awarded
Over the last fiscal year, National Railroad Construction & Maintenance Association has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS (RAILTEC) PURPOSE: EDUCATIONAL GRANT | $15,000 |
MICHIGAN TECHNOLOGICAL UNIVERSITY PURPOSE: EDUCATIONAL GRANT | $15,000 |