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Nonprofiteer
← RAILWAY SUPPLY INSTITUTE INC

Form 990 for tax year 2022

Filed by RAILWAY SUPPLY INSTITUTE INC.

Totals

Total revenue
$3,098,268
Total expenses
$3,002,862
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,070,990
Investment income
$27,278
Other revenue
$0
Total assets, end of year
$2,498,407
Total liabilities, end of year
$757,946
Net assets or fund balances, end of year
$1,740,461
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,129,207 · related or exempt $1,129,207

  • 2b · Program service revenue: COMMITTEE ASSESSMENTS

    total $1,082,572 · related or exempt $1,082,572

  • 2c · Program service revenue: ANNUAL CONFERENCE

    total $803,896 · related or exempt $803,896

  • 2f · All other program service revenue

    total $55,315 · related or exempt $55,315

  • 3 · Investment income

    total $45,433 · excluded $45,433

  • 7a · Gross sales of assets other than inventory

    securities $817,424

  • 7b · Less cost or other basis and sales expenses

    securities $835,579

  • 7c · Gain or loss

    securities -$18,155

  • 7d · Net gain or loss

    total -$18,155 · excluded -$18,155

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $40,000

  • 10 · Payroll taxes

    total $22,651

  • 11a · Fees: management

    total $1,185,813

  • 11b · Fees: legal

    total $35,328

  • 11c · Fees: accounting

    total $14,275

  • 11f · Fees: investment management

    total $13,207

  • 11g · Fees: other

    total $1,142,746

  • 14 · Information technology

    total $118,555

  • 17 · Travel

    total $55,833

  • 19 · Conferences, conventions and meetings

    total $203,982

  • 23 · Insurance

    total $7,797

  • 24a · Other expenses: CONFERENCE REVENUE SHAR

    total $88,420

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $25,752

  • 24c · Other expenses: BANK & CREDIT CARD FEES

    total $25,530

  • 24e · All other expenses

    total $22,973

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $683,069 · end of year $438,908

  • 2 · Savings and temporary cash investments

    beginning of year $70,110 · end of year $0

  • 4 · Accounts receivable

    beginning of year $271,459 · end of year $253,865

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,444 · end of year $45,107

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,855,238 · end of year $1,754,484

  • 15 · Other assets

    beginning of year $0 · end of year $6,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $528,543 · end of year $331,331

  • 19 · Deferred revenue

    beginning of year $499,038 · end of year $376,615

  • 25 · Other liabilities

    beginning of year $50,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,828,739 · end of year $1,740,461

Mission and programs · 2022

Mission

THE MISSION OF RAILWAY SUPPLY INSTITUTE, INC. (RSI) IS TO SUPPORT, CONNECT, AND ADVOCATE FOR RAILWAY SUPPLIERS. RSI IS THE LARGEST AND ONLY TRADE ASSOCIATION REPRESENTING THE FULL SUPPLY CHAIN FOR THE RAILROAD SYSTEM FROM THE SMALLEST PARTS MANUFACTURERS TO THE LARGEST RAILCAR BUILDERS/LESSORS.

Activities or mission (Part I)

SUPPORT, CONNECT, AND ADVOCATE FOR RAILWAY SUPPLIERS

  • RSI SPONSORS AN ANNUAL EXPO AND TECHNICAL CONFERENCE TO KEEP MEMBERS UP TO DATE ON THE LATEST INDUSTRY DEVELOPMENTS.

  • RSI IN CONJUNCTION WITH THE ASSOCIATION OF AMERICAN RAILROADS (AAR) COSPONSORS THE RSI-AAR TANK CAR SAFEY RESEARCH AND TEST PROJECT.

  • RSI ADVOCATES BEFORE FEDERAL AND STATE GOVERNMENT ENTITIES ON POLICY ISSUES AFFECTING ITS MEMBERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jack Isselmann

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Scott Mautino

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Diercks

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Heidkamp

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jason Connell

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Tricia Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy Erickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Kloster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Lytle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Madison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Oesch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Riddett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter G Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Harrison M Wadsworth IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patty Long

    PRESIDENT (SMITHBUCKLIN)

    Total calculated
    $0
    Hours/week
    40

  • Robyn Leach

    VICE PRESIDENT - ADMINISTRATION

    Total calculated
    $157,771
    From this org
    $157,771
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $157,771
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,771

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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, LINE 4A
ROBYN LEACH RSI'S FORMER VICE PRESIDENT OF ADMINISTRATION RECEIVED A SEVERANCE PAYMENT OF $157,771 IN 2022. THIS AMOUNT HAS BEEN ACCRUED IN RSI'S FINANCIAL STATMENTS AS OF DECEMBER 31, 2021.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349309526

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