Nonprofit · EIN 53-6000125
ASSOCIATION OF AMERICAN RAILROADS
Tax-exempt · WASHINGTON, DC 20024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,167,327 | $68,311,159 | $1,856,168 | $52,287,380 | $32,110,896 | $20,176,484 |
| December 31, 2023 | 990 | $77,003,356 | $68,097,791 | $8,905,565 | $48,749,406 | $34,150,024 | $14,599,382 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $156,978
- Program service revenue
- $65,927,672
- Investment income
- $651,028
- Net rental income
- $26,518
- Net gain from sales of assets
- $16,595
- Other revenue
- $3,431,649
Expenses
- Grants and similar amounts paid
- $1,933,604
- Compensation of officers, directors and key employees
- $5,906,493
- Other salaries and wages
- $10,836,007
- Salaries, compensation and benefits (total)
- $21,259,068
- Professional fundraising fees
- $0
- Legal fees
- $2,748,271
- Accounting fees
- $128,538
- Occupancy
- $2,248,588
- Travel
- $835,418
- Depreciation
- $468,231
Balance sheet and other
- Total assets, start of year
- $48,749,406
- Total assets, end of year
- $52,287,380
- Total liabilities, end of year
- $32,110,896
- Net assets, end of year
- $20,176,484
- Land, buildings and equipment
- $3,239,621
- Publicly traded securities
- $820,354
- Net assets without donor restrictions
- $20,176,484
- Gross unrelated business income
- $54,922
- Gross receipts
- $70,569,837
- Employees
- 81
- Volunteers
- 15
- Year formed
- 1934
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IAN N JEFFERIES | PRESIDENT, CEO Officer | 40 | $2,688,223 | $88,773 |
| KATHRYN D KIRMAYER | SVP-LAW & GENERAL COUNSEL Key employee | 40 | $760,778 | $61,930 |
| ADRIAN ARNAKIS | SVP-GOVERNMENT AFFAIRS Highest-paid employee | 40 | $675,478 | $61,074 |
| PAUL R HEDRICK | SVP-FIN, ADMIN & CFO Officer | 39 | $610,786 | $72,972 |
| MICHAEL J RUSH | SVP-SAFETY & OPERATIONS Key employee | 38 | $603,536 | $37,812 |
| KRISTIN A SMITH | SVP-COMMUNICATIONS Key employee | 40 | $513,810 | $82,553 |
| RAND GHAYAD | SVP-POLICY & ECONOMICS Highest-paid employee | 40 | $411,415 | $66,870 |
| WILLIAM C THOMPSON | PROGRAM MANAGER Highest-paid employee | 40 | $385,880 | $81,719 |
| JOHN MILLER | ASSOCIATE GENERAL COUNSEL Highest-paid employee | 40 | $367,340 | $76,588 |
| STEPHEN GORDON | ASSOCIATE GENERAL COUNSEL Highest-paid employee | 40 | $362,254 | $25,599 |
| EDWARD A KENDALL JR | CORPORATE SECRETARY Officer | 38 | $295,021 | $60,796 |
| KEITH CREEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHRYN M FARMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE HINRICHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACY ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN SHAW | DIRECTOR (UNTIL 9/15/2024) Trustee or director | 1 | $0 |
| MICHAEL MILLER | DIRECTOR Trustee or director | 1 | $0 |
| JIM VENA | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM O'LEARY | DIRECTOR Trustee or director | 1 | $0 |
| MARK GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| DAN SMITH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| IAN N JEFFERIES | PRESIDENT, CEO Officer | 39 | $2,515,035 | $82,445 |
| KATHRYN D KIRMAYER | SVP-LAW & GENERAL COUNSEL Key employee | 39 | $703,703 | $57,985 |
| ADRIAN ARNAKIS | SVP-GOVERNMENT AFFAIRS Highest-paid employee | 40 | $624,088 | $57,273 |
| PAUL R HEDRICK | SVP-FIN. & ADMIN. & CFO Officer | 36 | $545,813 | $68,388 |
| JOHN T GRAY | SVP-POLICY & ECONOMICS Highest-paid employee | 39 | $553,531 | $59,149 |
| MICHAEL J RUSH | SVP-SAFETY & OPERATIONS Key employee | 36 | $538,526 | $71,046 |
| KRISTIN A SMITH | SVP-COMMUNICATIONS Key employee | 39 | $474,799 | $75,254 |
| WILLIAM C THOMPSON | PROGRAM MANAGER Highest-paid employee | 40 | $355,701 | $70,346 |
| JOHN MILLER | ASSOCIATE GENERAL COUNSEL Highest-paid employee | 40 | $324,403 | $68,345 |
| STEPHEN GORDON | ASSOCIATE GENERAL COUNSEL Highest-paid employee | 40 | $315,513 | $24,462 |
| EDWARD A KENDALL JR | CORPORATE SECRETARY Officer | 39 | $267,001 | $54,807 |
| KEITH CREEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHRYN M FARMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANCE FRITZ | DIRECTOR (THRU 8/2023) Trustee or director | 1 | $0 | $0 |
| JOHN HELLMANN | DIRECTOR (THRU 8/2023) Trustee or director | 1 | $0 | $0 |
| JOE HINRICHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERNANDO LOPEZ-GUERRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK OTTENSMEYER | DIRECTOR (THRU 8/2023) Trustee or director | 1 | $0 | $0 |
| TRACY ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEWAYNE SWINDALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE PARSONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM VENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 425 3RD ST SW STE 1000, WASHINGTON, DC 20024-3228
- Principal officer (990 for 2024)
- IAN JEFFERIES, 425 3RD STREET SW 1000, WASHINGTON, DC 20024
- Signed the 990
- PAUL HEDRICK, SVP-FIN, ADMIN & CFO
- Phone
- (202) 639-2100
- Website
- WWW.AAR.ORG
- Return prepared by
- RSM US LLP
Mission
AAR PROMOTES A SAFE AND EFFICIENT NORTH AMERICAN RAIL SYSTEM WITH PRINCIPAL ACTIVITIES IN AREAS SUCH AS STANDARDS, OPERATIONS, SAFETY, SECURITY, PUBLIC AFFAIRS AND PUBLIC POLICY.
Program accomplishments
- STRATEGIC RESEARCH INITIATIVES (SRI):THE SRI PROGRAM FOCUSES ON RESEARCH THAT WILL MAKE RAIL TRANSPORTATION SAFER, MORE EFFICIENT, AND MORE RELIABLE. THE CURRENT SRI PROGRAM INCLUDES PROJECTS ADDRESSING SIGNALS, TRAIN CONTROL, AUTOMATED OPERATIONS, TRACK, BRIDGES, AND RAIL CAR COMPONENTS SUCH AS WHEELS, BRAKES, AND COUPLERS.
- INTEGRATED COMMUNICATIONS CAMPAIGN:A PROGRAM OF MEDIA OUTREACH, PUBLIC AFFAIRS, ADVERTISING, AND CONTENT DEVELOPMENT THAT FOCUSES ON (1) HOW THE FREIGHT RAIL INDUSTRY CONSISTENTLY AND EFFICIENTLY DELIVERS ECONOMIC AND ENVIRONMENTAL BENEFITS TO AMERICANS, (2) HOW RAILROADS USE MODERN TECHNOLOGY TO IMPROVE SAFETY AND PROVIDE PUBLIC BENEFITS INCLUDING A SAFE, FUEL EFFICIENT WAY TO MOVE GOODS AND CONNECT US TO THE GLOBAL ECONOMY, AND (3) PRESERVING BALANCED REGULATION OF THE FREIGHT RAIL INDUSTRY.
- PRESERVING BALANCED REGULATION:A PROGRAM TO PROMOTE THE BALANCED REGULATORY STRUCTURE REQUIRED TO ALLOW RAILROADS THE OPPORTUNITY TO ACHIEVE A REASONABLE RATE OF RETURN AND TO CONTINUE THEIR SUBSTANTIAL INVESTMENT IN THE NORTH AMERICAN RAIL NETWORK. SUCH REINVESTMENT IS CRITICAL IF RAILROADS ARE TO BE ABLE TO ADDRESS THE CAPACITY CHALLENGES THAT INCREASED RAIL DEMAND FOR TRANSPORTATION BRINGS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 53-6000125
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $52,287,380
- Income (IRS master file)
- $70,569,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,167,327 | $68,311,159 | $52,287,380 | XML |
| 990 | December 2023 | $77,003,356 | $68,097,791 | $48,749,406 | XML |
| 990 | December 2022 | $59,775,689 | $59,833,146 | $28,089,328 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 53-6000125).
Questions about ASSOCIATION OF AMERICAN RAILROADS
- What is the EIN of ASSOCIATION OF AMERICAN RAILROADS?
- The employer identification number (EIN) of ASSOCIATION OF AMERICAN RAILROADS is 53-6000125.
- Is ASSOCIATION OF AMERICAN RAILROADS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to ASSOCIATION OF AMERICAN RAILROADS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION OF AMERICAN RAILROADS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSOCIATION OF AMERICAN RAILROADS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION OF AMERICAN RAILROADS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASSOCIATION OF AMERICAN RAILROADS?
- The 990 for the year ended December 31, 2024 names IAN JEFFERIES.
- Who are the officers and directors of ASSOCIATION OF AMERICAN RAILROADS?
- The 990 for the year ended December 31, 2024 lists 21 people; 11 received compensation from the organization, the highest $2,688,223 (IAN N JEFFERIES, PRESIDENT, CEO).
- How much revenue does ASSOCIATION OF AMERICAN RAILROADS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,167,327, expenses of $68,311,159 and total assets of $52,287,380 at year end.
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