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Arema Educational Foundation FY2020 filing

Tax-deductible

Lanham, MD501(c)(3)Education EIN 54-1967188Revenue $55K in FY2020

On file with the IRSaremafoundation.org4471 Nicole Drive Unit 1, 20706-4467 · Lanham, MDTax-exempt since Nov 2000Publicly supported charity — 170(b)(1)(A)(vi)

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To engage in the charitable activities of promoting education and professional development in the field of railway engineering.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $13K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Plus $422K in investments, Pt X · Ln 11–13
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$556
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
Spent
$70K
To programs
92%
Net assets
$526K
By yearFY2020–FY2024
Revenue
$55K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$55K
FY2021$56K
FY2022$67K
FY2023$60K
FY2024$99K
Expenses
$70K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$28K
FY2022$53K
FY2023$43K
FY2024$81K
Net assets
$526K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$526K
FY2021$539K
FY2022$502K
FY2023$526K
FY2024$555K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $64K Management & general 8% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Elizabeth Caruso
Executive Director
$0Pt VII · Sec A
See Arema Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes education and professional development in railway engineering.

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Provided by the organization

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1 program · $64K · in their own filed words · FY2020
01

Foundation awarded scholarships to engineering students demonstrating particular interest in the railroad industry. Scholarship award recipients are selected by a scholarship committee which is a sub-committee of the arema education and training committee.

$64Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
American Railway Engineering and Maintenance of Way AssociationFY2024$20K
Bnsf Railway FoundationFY2024$6K
Total grants receivedfrom 2 funders$25K
Grants paid · 5 grants · $180K · 2020–2024
Unitemized GrantFY2024$37,000
Unitemized GrantFY2023$37,000
Unitemized GrantFY2022$19,311
Unitemized GrantFY2021$22,000
Unitemized GrantFY2020$64,201

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$55K
Ln 12
Gifts and grantsLn 1h$42K
Investment incomeLn 3$13K
Money outPt IX
$70K
Ln 25
Programscol B$64K
Managementcol C$6K
Owns and owesPt X
$526K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$527K
LiabilitiesLn 26$556
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Investment incomeLn 3$13K
Gains on assetsLn 7$567
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$71K
Cash and savings togetherLn 1–2$102K
InvestmentsLn 11–13$422K
Total assetsLn 16$527K
LiabilitiesLn 26$556
Net assetsLn 32$526K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$133K$102K
InvestmentsLn 11–13$398K$422K
Total assetsLn 16$531K$527K
LiabilitiesLn 26$0$556
Net assetsLn 32$531K$526K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$64K$64K
Legal feesLn 11b$300$300
Accounting feesLn 11c$5K$5K
Office expensesLn 13$902$902
Total functional expensesLn 25$70K$64K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $99K$81K$18K$555K 990 PDF
FY2023 $60K$43K$17K$526K 990 PDF
FY2022 $67K$53K$14K$502K 990 PDF
FY2021 $56K$28K$29K$539K 990 PDF
FY2020 Viewing $55K$70K−$15K$526K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $55,262 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $113,508$42,093
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,299$13,169
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $122,807$55,262
I-13 Grants and similar amounts paidPrior year $59,454$64,201
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,789$5,752
I-18 Total expensesPrior year $65,243$69,953
I-19 Revenue less expensesPrior year $57,564−$14,691
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $55,262 across 5 lines filed
VIII-1f All other contributions, gifts and grants$42,093
VIII-1h Total contributions, gifts and grants$42,093
VIII-3 Investment incomeExcluded from tax $12,602$12,602
VIII-7 Net gain or loss on sales of assetsExcluded from tax $567$567
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,169$55,262
Part IX · Statement of functional expenses $69,953 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $64,201$64,201
IX-11b Legal feesManagement $300$300
IX-11c Accounting feesManagement $4,550$4,550
IX-13 Office expensesManagement $902$902
IX-25 Total functional expensesPrograms $64,201 · Management $5,752 · Fundraising $0$69,953
Part X · Balance sheet $526,543 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $24,197$31,887
X-2 Savings and temporary cash investmentsStart of year $108,369$70,547
X-4 Accounts receivableStart of year $125$1,600
X-9 Prepaid expenses and deferred chargesStart of year $0$477
X-11 Publicly traded securitiesStart of year $128$71
X-12 Other securitiesStart of year $397,982$421,961
X-16 Total assetsStart of year $530,801$526,543
X-17 Accounts payable and accrued expensesStart of year $0$556
X-26 Total liabilitiesStart of year $0$556
X-27 Net assets without donor restrictionsStart of year $86,421$109,200
X-28 Net assets with donor restrictionsStart of year $444,380$416,787
X-32 Total net assets or fund balancesStart of year $530,801$525,987
X-33 Total liabilities and net assetsStart of year $530,801$526,543
Part XI · Reconciliation of net assets $525,987 net assets at year end
XI-1 Total revenue$55,262
XI-2 Total expenses$69,953
XI-3 Revenue less expenses−$14,691
XI-4 Net assets at start of year$530,801
XI-5 Net unrealized gains (losses) on investments$10,691
XI-9 Other changes in net assets−$814
XI-10 Net assets at end of year$525,987

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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