Neponset Valley Tma
- Assets
- $206.4k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 03/1996
- Data as of
- 05/2023
- EIN
- 04-3271952
Organization Overview
Neponset Valley Tma is located in Woburn, MA. The organization was established in 1996. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neponset Valley Tma is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2023, Neponset Valley Tma generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $3.5m during the year ending 05/2023. While expenses have increased by 9.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Neponset Valley Tma has awarded 37 individual grants totaling $1,453,562. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CRITICAL TRANSPORTATION SERVICES NEEDED TO ENHANCE ECONOMIC VITALITY, WHILE MINIMIZING THE IMPACT OF DEVELOPMENT, MAINTAINING ACCESS, AND MAKING EFFICIENT USE OF AND/OR WORKING TO IMPROVE PUBLIC TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF NATIONAL RURAL TRANSIT ASSISTANCE PROGRAM.
TRANSPORTATION MANAGEMENT ASSOCIATION PROVIDES PUBLIC TRANSPORTATION TO AND FROM MBTA STATIONS TO THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Frene Executive Di | OfficerTrustee | 40 | $0 |
Paul S Cincotta Director | Trustee | 1 | $0 |
Christine Coughlan Director | Trustee | 1 | $0 |
Stephen Elias Director | Trustee | 1 | $0 |
Victor Furtado Treasurer | OfficerTrustee | 1 | $0 |
John Hovnanian Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $71,928 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,378,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,450,601 |
| Total Program Service Revenue | $69,028 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,519,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,030,220 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,167 |
| Payroll taxes | $18,240 |
| Fees for services: Management | $740,725 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $80,188 |
| Information technology | $16,437 |
| Royalties | $0 |
| Occupancy | $36,312 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $279,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,492,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $136,048 |
| Accounts receivable, net | $9,651 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,393 |
| Accounts payable and accrued expenses | $159,076 |
| 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 | $0 |
| Total liabilities | $159,076 |
| Net assets without donor restrictions | $47,317 |
| 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 | $206,393 |
Grants Awarded
Over the last fiscal year, Neponset Valley Tma has awarded $1,030,220 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BENZIE TRANSPORTATION AUTHORITY PURPOSE: TRANSPORTATION GRANT | $14,376 |
CHEMUNG SCHULYER COUNTERS CHAPTER PURPOSE: TRANSPORTATION GRANT | $48,183 |
BOLIVAR COUNTY COUNCIL OF AGING INC PURPOSE: TRANSPORTATION GRANT | $80,401 |
COUNTY OF MITCHELL PURPOSE: TRANSPORTATION GRANT | $69,578 |
COMMUNITY COORDNIATED TRANSPORATIONSYSTEM RIVER CITIES PUBLIC TRANSIT PURPOSE: TRANSPORTATION GRANT | $82,433 |
CEDAR COUNTRY TRANSIT PURPOSE: TRANSPORTATION GRANT | $58,201 |