Overview
What is Railroad Research Foundation?
The Railroad Research Foundation is a public charity, established with the primary mission of conducting research in the railroad sector. They operate from Washington D.C., specifically at 425 THIRD STREET SW 20024. The foundation plays a crucial role in the railroad industry by providing a risk assessment tool, recognized as a key enabler, in accordance with licensing agreements with seven Class I and four shortline railroads. This tool aids in achieving compliance with the Rail Safety Improvement Act of 2008, by assisting in risk evaluation objectives. The foundation offers application and user hosting, technical support, and data integration capabilities for this tool.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Railroad Research Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score reflects a strong emphasis on financial governance, showcasing a commitment to responsible fiscal management. The foundation achieved a perfect score in several key areas, including audit and oversight, conflict of interest policies, and document retention practices.
One notable strength of the organization is its impressive program expense ratio of 97.55%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. This level of efficiency indicates that the foundation prioritizes its mission effectively, making a significant impact in its area of focus.
However, while the accountability and finance metrics are strong, the overall rating is based solely on these factors, with no additional beacons considered. This could imply that further evaluation of the organization’s impact and effectiveness in achieving its mission may be necessary for a more comprehensive understanding of its performance.
This AI summary has been generated from information found on Charity Navigator.
Is Railroad Research Foundation legitimate?
Railroad Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Railroad Research Foundation 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: $0
For more financial information, click here
What is the mission statement of Railroad Research Foundation?
The Railroad Research Foundation serves as a public charity, primarily dedicated to conducting research related to the railroad industry. This organization is instrumental in developing and promoting the Railroad Freight Railroad Risk Assessment Tool, which is recognized as a crucial technology for the railroad sector to adhere to the risk evaluation objectives set by the Rail Safety Improvement Act of 2008. The foundation offers application and user hosting services, technical support, and data integration capabilities to facilitate the utilization of this tool. Essentially, its mission is to contribute to the advancement and safety of the railroad industry through research and technological support.
Who is the CEO of Railroad Research Foundation?
Ian Jefferies is the President & Director of Railroad Research Foundation.
What is the revenue of Railroad Research Foundation?
Railroad Research Foundation's revenue in 2022 was $842,677.
Who are the executives of Railroad Research Foundation and what are their salaries?
There 1 volunteer at Railroad Research Foundation.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $1,647,119
- Other: $80,250
- Compensation: $0
- Related: $500,128
- Other: $57,304
- Compensation: $0
- Related: $474,739
- Other: $61,923
- Compensation: $0
- Related: $426,002
- Other: $79,438
- Compensation: $0
- Related: $417,782
- Other: $56,945
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $281,331
- Other: $31,074
- Compensation: $0
- Related: $652,362
- Other: $64,132
- Compensation: $0
- Related: $240,189
- Other: $53,735
- Compensation: $0
- Related: $130,767
- Other: $28,858
- Compensation: $0
- Related: $245,364
- Other: $50,091
- Compensation: $0
- Related: $204,423
- Other: $30,676
Where can I find the form 990 for Railroad Research Foundation?
Railroad Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Railroad Research Foundation
The Railroad Research Foundation, serving as a public charity, is dedicated to conducting research related to the railroad industry. Its primary mission is to utilize licensing agreements with several Class I and shortline railroads, as well as a recognized risk assessment tool, to aid the railroad industry in achieving compliance with the Rail Safety Improvement Act of 2008. The organization provides assistance with application hosting, technical support, data integration, and user capabilities, thereby playing a significant role in enhancing risk evaluation within the railroad sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Railroad Research Foundation's impact can be seen in its significant contributions to conducting railroad-related research. Through its licensing agreements with major Class I and shortline railroads, the Foundation has developed the RCRMS freight railroad risk assessment tool. This tool is recognized as a key technology that helps the railroad industry evaluate risks and comply with the Rail Safety Improvement Act of 2008. The Foundation provides application hosting, technical support, and data integration services to support the industry in achieving its risk evaluation objectives. Its work plays a crucial role in enhancing safety and efficiency within the railroad sector.
This information is meant to be a general summary of Railroad Research Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $842,677
- Gross Receipts: $842,677
Assets and Liabilities:
- Total Assets: $20,100
- Total Liabilities: $10,108
- Net Assets: $9,992
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RCRMS LICENSE FEES
Revenue
$842,677
Organization Details
Founding Year
1999
Phone
(202) 639-2118Principal Officer
Ian Jefferies
Main Address
425 THIRD STREET SW 910, WASHINGTON, DC, 20024
NTEE Category
Code: N20 - Recreation
If you are a representative of Railroad Research Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.