Railroad Research Foundation

“Edward hamberger, janet bartelmay, kathryn kirmayer, jeffrey d. Marsh, patricia m. Reilly, john t. Gray, and michael j. Rush - business relationship”

“On april 11, 2016, the rrf board of directors approved an amendment to the bylaws, as described below: the bylaws of railroad research foundation are hereby amended by deleting section 5 of article ii (entitled "regular meetings of directors") and renumbering sections 6 through 11 as sections 5 through 10 respectively.”

“While formal minutes of management committee meetings are not recorded, actions taken by the management committee are subsequently presented in writing to the board of directors for ratification.”

“The form 990 is first reviewed in detail by president and treasurer prior to filing. Then a copy of the return is provided to each member of current governing body - via secure online link to pdf document. The directors are given an opportunity to review, discuss, and ask questions before the return is filed with the irs.”

“The organization's conflict of interest policy requires employees and directors, on an ongoing basis, to immediately report any conflict or potential conflict. When an employee or director reasonably believes that a conflict of interest may exist or appears to exist, the employee or director must promptly and fully disclose the conflict, refrain from participation in the matter until the question is resolved, and follow any directions given by the organization concerning the matter.”

“The organization makes its governing documents available to the public to the extent required by law.”

“Consulting fees & expenses: program service expenses 649,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 649,337.”