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Railroad Cooperation & Education Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371383839 ✦ Springfield, IL ✦ Designated as a 501(c)(5)

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Overview

What is Railroad Cooperation & Education Trust?

The Railroad Cooperation & Education Trust is a nonprofit organization situated in Springfield, Illinois, with a single employee dedicated to its operations. Their primary mission is to address the labor-management needs within the railroad maintenance industry in the United States. By preserving and expanding job opportunities for both laborers and employers, they aim to contribute positively to this sector. The trust serves as a bridge between the two parties, working to foster a harmonious and productive environment in the railroad maintenance industry.


Official website here: www.railcet.org

Is Railroad Cooperation & Education Trust legitimate?

Railroad Cooperation & Education Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. Railroad Cooperation & Education Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,646

For more financial information, click here


Official website here: www.railcet.org

What is the mission statement of Railroad Cooperation & Education Trust?

The Railroad Cooperation & Education Trust is dedicated to addressing the labor-management needs of the railroad maintenance industry in the United States. Their mission is centered around preserving and expanding work opportunities for both laborers and employers within this industry. By doing so, they aim to contribute positively to the railroad maintenance sector, ensuring its continued growth and success.


Official website here: www.railcet.org

Who is the CEO of Railroad Cooperation & Education Trust?

Tim Ryan is the Chairman of Railroad Cooperation & Education Trust.


Official website here: www.railcet.org

What is the revenue of Railroad Cooperation & Education Trust?

Railroad Cooperation & Education Trust's revenue in 2023 was $452,374.


Official website here: www.railcet.org

Who are the executives of Railroad Cooperation & Education Trust and what are their salaries?

The average compensation at Railroad Cooperation & Education Trust during 2023 was $80,646. There is 1 employee at Railroad Cooperation & Education Trust.


Here are 10 key members and their salaries:


John F Penn - Past (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Cisco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Daloisio (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark A Brown (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David A Fagan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Laurello (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Morren (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Frye (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.railcet.org

Where can I find the form 990 for Railroad Cooperation & Education Trust?

Railroad Cooperation & Education Trust's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.railcet.org

Learn more at the official website: www.railcet.org

Mission Statement of Railroad Cooperation & Education Trust

The Railroad Cooperation & Education Trust, a notable entity, is dedicated to addressing the intricate labor-management needs within the railroad maintenance industry in the United States. Its primary mission is to preserve and expand work opportunities for both laborers and employers in this specific sector. By undertaking this role, the Trust aims to foster a harmonious relationship between the two parties, ensuring the continued growth and success of the railroad maintenance industry.

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Impact




October, 2024

The Railroad Cooperation & Education Trust plays a crucial role in addressing the labor-management needs of the railroad maintenance industry in the U.S. By focusing on the preservation and expansion of work opportunities, the organization serves as a vital bridge between laborers and employers. This collaboration helps foster a more efficient and productive work environment, ensuring that both parties can effectively meet their needs and challenges.

Their impact can be seen in the strengthened relationships between labor and management, which ultimately enhances job stability and economic growth within the industry. The Trust’s initiatives support the professional development of workers, ensuring they are equipped with the necessary skills and training to thrive in the evolving landscape of railroad maintenance. This dual focus not only benefits individual employees but also contributes to the overall efficiency and competitiveness of the railroad sector.




This information is meant to be a general summary of Railroad Cooperation & Education Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$452,374 (2023)
Expenses
$393,738 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $36,525
  • Program Service Revenue: $319,049
  • Gross Receipts: $452,374

Assets and Liabilities:

  • Total Assets: $1,349,238
  • Total Liabilities: $27,286
  • Net Assets: $1,321,952

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$319,049

Organization Details

Founding Year

1999

Principal Officer

Tim Ryan

Main Address

1 N OLD STATE CAPITOL PLZ 525, SPRINGFIELD, IL, 62701

NTEE Category

Code: J40 - Employment

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