Project Independence Services Inc
- Assets
- $1.5m
- Revenue
- $263.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 04-2931525
Organization Overview
Project Independence Services Inc is located in New Bedford, MA. The organization was established in 1989. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Independence Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Project Independence Services Inc generated $263.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $251.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY TRANSPORTATION TO ELIGIBLE ELDERLY AND/OR DISABLED CLIENTS IN THE GREATER NEW BEDFORD AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES QUALITY TRANSPORTATION SERVICES TO ELDERLY AND DISABLED INDIVIDUALS THROUGHOUT THE GREATER NEW BEDFORD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Whalley Treasurer | OfficerTrustee | 1 | $0 |
John Gonsalves President | OfficerTrustee | 1 | $0 |
Gerald Croteau Clerk | OfficerTrustee | 1 | $0 |
Charlene Ryder Director | Trustee | 1 | $0 |
Harvey Mickelson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280 |
| Total Program Service Revenue | $182,820 |
| Investment income | $9,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,683 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,835 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,429 |
| Compensation of current officers, directors, key employees. | $10,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $902 |
| Payroll taxes | $10,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $416 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,841 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,045 |
| Office expenses | $1,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,951 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,899 |
| Insurance | $44,675 |
| All other expenses | $125 |
| Total functional expenses | $251,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,442 |
| Net Land, buildings, and equipment | $477,858 |
| Investments—publicly traded securities | $716,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,785 |
| Total assets | $1,509,969 |
| Accounts payable and accrued expenses | $4,233 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,273 |
| Total liabilities | $8,506 |
| Net assets without donor restrictions | $1,501,463 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,509,969 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Independence Services Inc has recieved totaling $14,289.
| Awarding Organization | Amount |
|---|---|
Coastline Elderly Services Inc New Bedford, MA PURPOSE: SUPPORT AND TRANSPORTATION | $14,289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coordinated Transportation Solutions Inc Trumbull, CT | $16,469,961 | $93,191,276 |
Medical Motor Service Of Rochester And Monroe County Inc Rochester, NY | $3,001,821 | $5,404,976 |
Rural Community Transportation Inc Lyndonville, VT | $3,457,969 | $5,449,724 |
Special Services Transportation Agency Colchester, VT | $2,939,021 | $4,072,874 |
Transportation Alternatives Inc New York, NY | $4,614,019 | $5,804,814 |
Historic Homes Of Runnemede Inc Windsor, VT | $3,305,885 | $1,931,071 |
Shared Mobility Inc Buffalo, NY | $3,640,896 | $1,335,715 |
South Central Massachusetts Elder Bus Inc Charlton, MA | $251,787 | $1,371,171 |
Eastern Connecticut Transportation Consortium Inc Uncasville, CT | $624,685 | $1,367,609 |
Pupil Transportation Safety Institute Inc East Syracuse, NY | $975,371 | $1,415,012 |
Hasc Transportation Corp Brooklyn, NY | $198,571 | $930,723 |
Scm Community Transportation Inc Somerville, MA | $779,626 | $1,009,962 |