Totals
- Total revenue
- $59,976
- Total expenses
- $43,152
- Contributions and grants received
- $47,241
- Grants paid
- $37,000
- Program service revenue
- $0
- Investment income
- $12,735
- Other revenue
- $0
- Total assets, end of year
- $526,479
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $526,479
- Program services expenses (Part IX)
- $37,000
- Management and general expenses
- $6,152
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $37,000
Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$47,241
-
3 · Investment income
total $12,735 · excluded $12,735
-
7a · Gross sales of assets other than inventory
securities $48,000
-
7b · Less cost or other basis and sales expenses
securities $48,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $37,000 · program services $37,000
-
11b · Fees: legal
total $250 · management and general $250
-
11c · Fees: accounting
total $5,050 · management and general $5,050
-
13 · Office expenses
total $852 · management and general $852
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,244 · end of year $6,246
-
2 · Savings and temporary cash investments
beginning of year $77,842 · end of year $29,599
-
4 · Accounts receivable
beginning of year $5,450 · end of year $2,855
-
9 · Prepaid expenses and deferred charges
beginning of year $537 · end of year $713
-
12 · Investments: other securities
beginning of year $417,423 · end of year $487,066
-
27 · Net assets without donor restrictions
beginning of year $142,045 · end of year $141,984
-
28 · Net assets with donor restrictions
beginning of year $360,451 · end of year $384,495
Mission and programs · 2023
Mission
TO ENGAGE IN THE CHARITABLE ACTIVITIES OF PROMOTING EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE FIELD OF RAILWAY ENGINEERING.
-
FOUNDATION AWARDED SCHOLARSHIPS TO ENGINEERING STUDENTS DEMONSTRATING PARTICULAR INTEREST IN THE RAILROAD INDUSTRY. SCHOLARSHIP AWARD RECIPIENTS ARE SELECTED BY A SCHOLARSHIP COMMITTEE WHICH IS A SUB-COMMITTEE OF THE AREMA EDUCATION AND TRAINING COMMITTEE. THE SCHOLARSHIP COMMITTEE REVIEWS ALL APPLICATIONS AND SELECTS THOSE CANDIDATES WHO MEET THE CRITERIA ESTABLISHED FOR EACH INDIVIDUAL SCHOLARSHIP.
Expenses $37,000 · Grants $37,000
As filed on the 2023 return.
Listed in Part VII
-
Elizabeth CarusoELIZABETH CARUSO
EXECUTIVE DI
- Total calculated
- $363,615
- From this org
- $0
- From related orgs
- $294,250
- Other
- $69,365
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $294,250 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $69,365 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $363,615 related
-
Kevin K Keller Pg CgwpKEVIN K KELLER PG CGWP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry L Etherton PELARRY L ETHERTON PE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trent M Hudak PETRENT M HUDAK PE
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Brian A Lindamood PE SeBRIAN A LINDAMOOD PE SE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Raymond G VerrelleRAYMOND G VERRELLE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 5a · Pay contingent on this organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 5A
- THE EXECUTIVE DIRECTOR WORKS FOR AREMA, WHICH IS A RELATED ORGANIZATION TO AREMA EDUCATIONAL FOUNDATION. AREMA USES A COMPENSATION COMMITTEE, A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY AND APPROVAL BY THE BOARD TO ESTABLISH AND REVIEW THE COMPENSATION OF ITS CEO/EXECUTIVE DIRECTOR.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
AMERICAN RAILWAY ENGINEERING AND MA
501 C6 · TO PROPAGA · MD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423209349303972
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