Association Of American Railroads
- Assets
- $28.1m
- Revenue
- $59.8m
- Investments
- $9.9m
- Employees
- 85
- Location
- Washington, DC
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 53-6000125
Organization Overview
Association Of American Railroads is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Association Of American Railroads employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of American Railroads 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 12/2022, Association Of American Railroads generated $59.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $59.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Association Of American Railroads has awarded 160 individual grants totaling $19,640,505. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON INTERESTS OF RAILROADS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC RESEARCH INITIATIVES (SRI):THE SRI PROGRAM FOCUSES ON RESEARCH THAT WILL MAKE RAIL TRANSPORTATION SAFER, MORE EFFICIENT, AND MORE RELIABLE. THE CURRENT SRI PROGRAM INCLUDES PROJECTS ADDRESSING SIGNALS, TRAIN CONTROL, AUTOMATED OPERATIONS, TRACK, BRIDGES, AND RAIL CAR COMPONENTS SUCH AS WHEELS, BRAKES, AND COUPLERS.
INTEGRATED COMMUNICATIONS CAMPAIGN:A PROGRAM OF MEDIA OUTREACH, PUBLIC AFFAIRS, ADVERTISING, AND CONTENT DEVELOPMENT THAT FOCUSES ON (1) HOW THE FREIGHT RAIL INDUSTRY CONSISTENTLY AND EFFICIENTLY DELIVERS ECONOMIC AND ENVIRONMENTAL BENEFITS TO AMERICANS, (2) HOW RAILROADS USE MODERN TECHNOLOGY TO IMPROVE SAFETY AND PROVIDE PUBLIC BENEFITS INCLUDING A SAFE, FUEL EFFICIENT WAY TO MOVE GOODS AND CONNECT US TO THE GLOBAL ECONOMY, AND (3) PRESERVING BALANCED REGULATION OF THE FREIGHT RAIL INDUSTRY.
PRESERVING BALANCED REGULATION:A PROGRAM TO PROMOTE THE BALANCED REGULATORY STRUCTURE REQUIRED TO ALLOW RAILROADS THE OPPORTUNITY TO ACHIEVE A REASONABLE RATE OF RETURN AND TO CONTINUE THEIR SUBSTANTIAL INVESTMENT IN THE NORTH AMERICAN RAIL NETWORK. SUCH REINVESTMENT IS CRITICAL IF RAILROADS ARE TO BE ABLE TO ADDRESS THE CAPACITY CHALLENGES THAT INCREASED RAIL DEMAND FOR TRANSPORTATION BRINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Creel Director | Trustee | 1 | $0 |
Kathryn M Farmer Director | Trustee | 1 | $0 |
Lance Fritz Director | Trustee | 1 | $0 |
Peter A Gilbertson Director | Trustee | 1 | $0 |
John Hellmann Director | Trustee | 1 | $0 |
Joe Hinrichs Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transportation Technology Center Inc Testing & Research | 12/30/22 | $21,204,211 |
Home Front Communications Inc Paid Media Consulting & Advertising | 12/30/22 | $3,932,332 |
Munger Tolles & Olson Llp Legal Consulting | 12/30/22 | $1,579,112 |
Fti Consuliting Consulting | 12/30/22 | $762,070 |
Gibson Dunn & Crutcher Llp Legal Consulting | 12/30/22 | $500,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $159,812 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,812 |
| Total Program Service Revenue | $55,761,092 |
| Investment income | $53,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,795 |
| Net Gain/Loss on Asset Sales | -$8,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,775,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,507,338 |
| 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. | $4,849,624 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,013,406 |
| Pension plan accruals and contributions | $253,404 |
| Other employee benefits | $1,390,171 |
| Payroll taxes | $1,640,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,039,823 |
| Fees for services: Accounting | $193,090 |
| Fees for services: Lobbying | $912,983 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,247,000 |
| Advertising and promotion | $2,614,237 |
| Office expenses | $44,683 |
| Information technology | $437,944 |
| Royalties | $0 |
| Occupancy | $2,103,766 |
| Travel | $702,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,534 |
| Interest | $2,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625,555 |
| Insurance | $244,432 |
| All other expenses | $85,745 |
| Total functional expenses | $59,833,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,033,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $842,911 |
| 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 | $834,097 |
| Net Land, buildings, and equipment | $1,172,434 |
| Investments—publicly traded securities | $743,730 |
| Investments—other securities | $9,880,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,581,891 |
| Total assets | $28,089,328 |
| Accounts payable and accrued expenses | $4,359,758 |
| Grants payable | $0 |
| Deferred revenue | $1,227,073 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $530,857 |
| 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 | $17,015,734 |
| Total liabilities | $23,133,422 |
| Net assets without donor restrictions | $3,655,906 |
| Net assets with donor restrictions | $1,300,000 |
| 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 | $28,089,328 |
Grants Awarded
Over the last fiscal year, Association Of American Railroads has awarded $1,406,320 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COALITION AGAINST BIGGER TRUCKS LLC (CABT) PURPOSE: PROGRAM SUPPORT | $600,000 |
CONGRESSIONAL BLACK CAUCUS INSTITUTE (CBCI) PURPOSE: EVENT SUPPORT | $17,500 |
CONGRESSIONAL INSTITUTE INC PURPOSE: PROGRAM SUPPORT | $27,500 |
GORAIL PURPOSE: PROGRAM SUPPORT | $600,000 |
NATIONAL ACADEMY OF SCIENCES PURPOSE: PROGRAM SUPPORT | $38,633 |
NCSL FOUNDATION FOR STATE LEGISLATURES PURPOSE: PROGRAM SUPPORT | $10,000 |