Neponset Valley Tma
- Assets
- $387.0k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 03/1996
- Data as of
- 05/2022
- 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 05/2022, Neponset Valley Tma generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.0m during the year ending 05/2022. While expenses have increased by 8.7% per year over the past 7 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 19 individual grants totaling $423,342. 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
2022
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 |
Victor Furtado Treasurer | OfficerTrustee | 1 | $0 |
Beth Weirling Board Chair | OfficerTrustee | 1 | $0 |
Joe Alfonso Director | Trustee | 1 | $0 |
Paul S Cincotta Director | Trustee | 1 | $0 |
Kiersten Dichiaro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,834 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,854,974 |
| 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 | $2,918,808 |
| Total Program Service Revenue | $97,860 |
| 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 | $3,016,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $423,342 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,265,604 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,100 |
| 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 | $110,186 |
| Information technology | $29,859 |
| Royalties | $0 |
| Occupancy | $26,683 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,020,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $345,994 |
| Accounts receivable, net | $12,397 |
| 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 | $386,955 |
| Accounts payable and accrued expenses | $366,597 |
| 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 | $366,597 |
| Net assets without donor restrictions | $20,358 |
| 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 | $386,955 |
Grants Awarded
Over the last fiscal year, Neponset Valley Tma has awarded $423,342 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Mccormick, SC PURPOSE: TRANSPORTATION GRANT | $44,535 |
CEDAR COUNTRY TRANSIT PURPOSE: TRANSPORTATION GRANT | $39,599 |
CLINTON AREA TRANSIT SYSTEM PURPOSE: TRANSPORTATION GRANT | $34,543 |
Colorado Springs, CO PURPOSE: TRANSPORTATION GRANT | $32,936 |
Watkins Glen, NY PURPOSE: TRANSPORTATION GRANT | $31,817 |
COUNTY OF MITCHELL PURPOSE: TRANSPORTATION GRANT | $30,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neponset Valley Tma has recieved totaling $67,147.
| Awarding Organization | Amount |
|---|---|
National Association Of Development Organizations Research Foundation Washington, DC PURPOSE: Subaward- USDA Rural Business Development Grant | $67,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tompkins Consolidated Area Transit Inc Ithaca, NY | $39,345,124 | $21,152,302 |
Vermont Public Transportation Association Inc Bennington, VT | $1,209,700 | $10,904,135 |
Institute For Transportation And Development Policy New York, NY | $4,433,460 | $8,870,568 |
Cooperative Alliance For Seacoast Transportation Dover, NH | $7,006,129 | $8,852,816 |
Advance Transit Inc Wilder, VT | $17,081,099 | $7,862,543 |
Southeast Vermont Transit Inc Wilmington, VT | $13,192,153 | $6,694,813 |
Transitcenter Inc New York, NY | $83,620,564 | $6,464,249 |
Neponset Valley Tma Woburn, MA | $386,955 | $3,016,668 |
Evkids Inc Dorchester, MA | $1,111,937 | $1,049,199 |
Fall River Line Pier Inc Fall River, MA | $1,435,268 | $611,215 |
Green Mountain Carshare Burlington, VT | $630,324 | $813,855 |
Riders Alliance Inc New York, NY | $1,388,863 | $1,808,991 |