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            <BusinessNameLine1Txt>LEE VERHEY</BusinessNameLine1Txt>
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            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76182</ZIPCd>
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        <BusinessCd>900099</BusinessCd>
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        <Desc>COMMITTEE ASSESSMENTS</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>1082572</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>ANNUAL CONFERENCE</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>803896</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>803896</RelatedOrExemptFuncIncomeAmt>
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        <RelatedOrExemptFuncIncomeAmt>55315</RelatedOrExemptFuncIncomeAmt>
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      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>45433</TotalRevenueColumnAmt>
        <ExclusionAmt>45433</ExclusionAmt>
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        <SecuritiesAmt>817424</SecuritiesAmt>
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      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>835579</SecuritiesAmt>
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      <GainOrLossGrp>
        <SecuritiesAmt>-18155</SecuritiesAmt>
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      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>-18155</TotalRevenueColumnAmt>
        <ExclusionAmt>-18155</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
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        <RelatedOrExemptFuncIncomeAmt>3070990</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>27278</ExclusionAmt>
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      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>40000</TotalAmt>
      </OtherSalariesAndWagesGrp>
      <PayrollTaxesGrp>
        <TotalAmt>22651</TotalAmt>
      </PayrollTaxesGrp>
      <FeesForServicesManagementGrp>
        <TotalAmt>1185813</TotalAmt>
      </FeesForServicesManagementGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>35328</TotalAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>14275</TotalAmt>
      </FeesForServicesAccountingGrp>
      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>13207</TotalAmt>
      </FeesForSrvcInvstMgmntFeesGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>1142746</TotalAmt>
      </FeesForServicesOtherGrp>
      <InformationTechnologyGrp>
        <TotalAmt>118555</TotalAmt>
      </InformationTechnologyGrp>
      <TravelGrp>
        <TotalAmt>55833</TotalAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>203982</TotalAmt>
      </ConferencesMeetingsGrp>
      <InsuranceGrp>
        <TotalAmt>7797</TotalAmt>
      </InsuranceGrp>
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        <Desc>CONFERENCE REVENUE SHAR</Desc>
        <TotalAmt>88420</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <TotalAmt>25752</TotalAmt>
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      <OtherExpensesGrp>
        <Desc>BANK &amp; CREDIT CARD FEES</Desc>
        <TotalAmt>25530</TotalAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>22973</TotalAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>3002862</TotalAmt>
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      <CashNonInterestBearingGrp>
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        <EOYAmt>438908</EOYAmt>
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      <SavingsAndTempCashInvstGrp>
        <BOYAmt>70110</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </SavingsAndTempCashInvstGrp>
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        <EOYAmt>253865</EOYAmt>
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      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>26444</BOYAmt>
        <EOYAmt>45107</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>0</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>0</BOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>1754484</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>6043</EOYAmt>
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        <EOYAmt>2498407</EOYAmt>
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      <AccountsPayableAccrExpnssGrp>
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        <EOYAmt>331331</EOYAmt>
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      <DeferredRevenueGrp>
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        <EOYAmt>376615</EOYAmt>
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      <OtherLiabilitiesGrp>
        <BOYAmt>50000</BOYAmt>
        <EOYAmt>50000</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>1077581</BOYAmt>
        <EOYAmt>757946</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>1828739</BOYAmt>
        <EOYAmt>1740461</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>1828739</BOYAmt>
        <EOYAmt>1740461</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>2906320</BOYAmt>
        <EOYAmt>2498407</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>95406</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>-183684</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <InfoInScheduleOPartXIIInd>X</InfoInScheduleOPartXIIInd>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleC documentId="RetDoc1039700001">
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      <OnlyInHouseLobbyingInd>0</OnlyInHouseLobbyingInd>
      <AgreeCarryoverPriorYearInd>1</AgreeCarryoverPriorYearInd>
      <DuesAssessmentsAmt>1129207</DuesAssessmentsAmt>
      <NonDeductibleLbbyngPltclCYAmt>341839</NonDeductibleLbbyngPltclCYAmt>
      <NonDedLbbyngPltclCyovAmt>31772</NonDedLbbyngPltclCyovAmt>
      <NonDeductibleLbbyngPltclTotAmt>373611</NonDeductibleLbbyngPltclTotAmt>
      <AggregateReportedDuesNtcAmt>338762</AggregateReportedDuesNtcAmt>
      <CarriedOverAmt>34849</CarriedOverAmt>
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      <OtherLiabilitiesOrgGrp>
        <Desc>DUE TO MEMBERS</Desc>
        <Amt>50000</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>50000</TotalLiabilityAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>2901377</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>-183684</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>-183684</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>3085061</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>13207</InvestmentExpensesNotIncldAmt>
      <RevenueNotReportedFinclStmtAmt>13207</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>3098268</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>2989655</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>2989655</ExpensesSubtotalAmt>
      <InvestmentExpensesNotIncld2Amt>13207</InvestmentExpensesNotIncld2Amt>
      <ExpensesNotRptFinclStmtAmt>13207</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>3002862</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>RSI FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THEY ARE NOT REQUIRED TO RECORD A LIABILITY FOR ANY SUCH POSITIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
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    <IRS990ScheduleJ documentId="RetDoc1042400001">
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      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ROBYN LEACH</PersonNm>
        <TitleTxt>VICE PRESIDENT - ADMINISTRATION</TitleTxt>
        <BaseCompensationFilingOrgAmt>0</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>157771</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>157771</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>ROBYN LEACH RSI'S FORMER VICE PRESIDENT OF ADMINISTRATION RECEIVED A SEVERANCE PAYMENT OF $157,771 IN 2022. THIS AMOUNT HAS BEEN ACCRUED IN RSI'S FINANCIAL STATMENTS AS OF DECEMBER 31, 2021.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>RSI HAS DELEGATED THE MANAGEMENT OF ITS DAILY OPERATIONS TO SMITHBUCKLIN CORPORATION (SMITHBUCKLIN) IN WASHINGTON, DC SINCE JULY 2021. SMITHBUCKLIN IS A MANAGEMENT COMPANY WHICH MANAGES ALL ASPECTS OF THE INSTITUE IN ACCORDANCE WITH RSI'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, ADMINISTRATION, MEMBERSHIP, FINANCE AND ACCOUNTING, CONFERENCE AND EVENT PLANNING, EDUCATION, MARKETING, INFORMATION TECHNOLOGY, AND GOVERNMENT RELATIONS. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>RSI HAS TWO CATEGORIES OF MEMBERS: REGULAR AND SPECIAL. REGULAR MEMBERS CONSIST OF COMPANIES AND ORGANIZATIONS WHICH PROVIDE GOODS AND SERVICES TO THE NATIONAL FREIGHT AND PASSENGER RAILROAD INDUSTRY AND OTHER RAILWAY SUPPLY COMPANIES. SPECIAL MEMBERS CONSIST OF BUT ARE NOT LIMITED TO RAILROADS, FINANCIAL INSTITUTIONS, LAW FIRMS, PUBLISHING COMPANIES, AND OTHER ENTITIES AND INSTITUTIONS THAT SHARE THE PURPOSE AND GOALS OF RSI BUT MAY NOT DIRECTLY SELL TO OR REPRESENT THE RAILROAD INDUSTRY. THE BOARD OF DIRECTORS HAS THE SOLE DISCRETION IN DETERMINING WHICH COMPANIES ARE ELIGILBE UNDER THE SPECIAL MEMBERSHIP CATEGORY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS IS ELECTED BY A VOTE OF RSI'S REGULAR MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>RSI'S FORM 990 IS PREPARED BY INDEPENDENT PUBLIC ACCOUNTANTS AND SUBMITEED TO ITS MANAGEMENT COMPANY FOR INITIAL REVIEW. THE FORM IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR FURTHER REVIEW AND DISCUSSION PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>RSI'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>ARCI COMMITTEE 129,430. COUPLER COMMITTEE 42,465. STATE TAX COMMITTEE 120,300. TANK CAR COMMITTEE 714,452. OTHER CONTRACTUAL SERVICE FEES 136,099.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 2C</FormAndLineReferenceDesc>
        <ExplanationTxt>RSI'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
