Railway Engineering-Maintenance Suppliers Association
- Assets
- $4.0m
- Revenue
- $326.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1944
- Data as of
- 12/2022
- EIN
- 36-2269390
Organization Overview
Railway Engineering-Maintenance Suppliers Association is located in Washington, DC. The organization was established in 1944. 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. Railway Engineering-Maintenance Suppliers 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 12/2022, Railway Engineering-Maintenance Suppliers Association generated $326.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $687.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Railway Engineering-Maintenance Suppliers Association has awarded 22 individual grants totaling $308,396. 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 WELFARE OF TRANSPORTATION INDUSTRIES THROUGH EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITIONS - SPONSORS TRADE SHOWS IN WHICH MEMBERS DISPLAY AND SHOWCASE THEIR PRODUCTS.
GRASSROOTS - UNITES RAILROADS AND MAINTENANCE-OF-WAY SUPPLIERS TO ADVOCATE ON SHARED INDUSTRY PRIORITIES.
MEMBERSHIP SERVICES - PROVIDES MEMBERS THE OPPORTUNITIES TO NETWORK WITH THEIR PEERS AND STAY INFORMED ON INDUSTRY CHANGES AND TRENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Gowan Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Greg Spilker Chairman | OfficerTrustee | 1 | $0 |
Nate Bachman Vice Chairman | OfficerTrustee | 1 | $0 |
Greg Lippard Secretary/treasurer | OfficerTrustee | 1 | $0 |
Rob Loomis Director | Trustee | 1 | $0 |
Troy Elbert Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chambers Conlon And Hartwell Llc Management Services | 12/30/21 | $237,580 |
Tga Associated Management Solutions Management Services | 12/30/21 | $245,609 |
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 | $196,118 |
| Investment income | $170,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $395,368 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,550 |
| Fees for services: Lobbying | $48,827 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,692 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,896 |
| Information technology | $10,870 |
| Royalties | $0 |
| Occupancy | $12,095 |
| Travel | $80,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,510 |
| All other expenses | $0 |
| Total functional expenses | $687,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $327,593 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175 |
| 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 | $26,736 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,628,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,982,997 |
| Accounts payable and accrued expenses | $48,663 |
| Grants payable | $0 |
| Deferred revenue | $275,907 |
| 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 | $324,570 |
| Net assets without donor restrictions | $3,658,427 |
| 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 | $3,982,997 |
Grants Awarded
Over the last fiscal year, Railway Engineering-Maintenance Suppliers Association has awarded $26,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GORAIL PURPOSE: CONTRIBUTION | $10,000 |
ONERAIL COALITION PURPOSE: CONTRIBUTION | $7,500 |
AREMA PURPOSE: Contribution | $8,500 |