Tompkins Consolidated Area Transit Inc
- Assets
- $39.3m
- Revenue
- $21.2m
- Investments
- $0.0
- Employees
- 167
- Location
- Ithaca, NY
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-1549485
Organization Overview
Tompkins Consolidated Area Transit Inc is located in Ithaca, NY. The organization was established in 2005. 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. As of 12/2021, Tompkins Consolidated Area Transit Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tompkins Consolidated Area Transit 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 12/2021, Tompkins Consolidated Area Transit Inc generated $21.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $18.3m during the year ending 12/2021. While expenses have increased by 3.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, HIGH QUALITY, RELIABLE, EFFICIENT PUBLIC TRANSPORTATION WHILE BEING A RESPONSIVE, RESPONSIBLE EMPLOYER.
Describe the Organization's Program Activity:
PROVIDE PUBLIC BUS TRANSPORTATION FOR TOMPKINS COUNTY AND PORTIONS OF TIOGA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scot Vanderpool General Manager | Officer | 40 | $167,108 |
Rick Andrascik Controller (part Year) | Officer | 40 | $73,752 |
Julie Ellis-Grove Controller | Officer | 40 | $49,994 |
Daniel Klein Chair | OfficerTrustee | 1.5 | $0 |
Laura Lewis Vice Chair | OfficerTrustee | 1.5 | $0 |
Bridgette Brady Past-Chair | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cummins Northeast Llc Part And Services For Buses | 12/30/21 | $316,108 |
Sam Schwartz Engineering Dpc Consulting | 12/30/21 | $132,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,873,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,325,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,198,577 |
| Total Program Service Revenue | $4,057,074 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$103,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,152,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $352,340 |
| Compensation of current officers, directors, key employees. | $352,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,084,816 |
| Pension plan accruals and contributions | $525,523 |
| Other employee benefits | $2,053,089 |
| Payroll taxes | $516,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,220 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $649,473 |
| Advertising and promotion | $43,523 |
| Office expenses | $127,142 |
| Information technology | $20,746 |
| Royalties | $0 |
| Occupancy | $248,311 |
| Travel | $14,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,706,285 |
| Insurance | $831,283 |
| All other expenses | $632,721 |
| Total functional expenses | $18,275,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,603,671 |
| Savings and temporary cash investments | $56 |
| Pledges and grants receivable | $6,636,230 |
| Accounts receivable, net | $10,267,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $690,569 |
| Prepaid expenses and deferred charges | $859,788 |
| Net Land, buildings, and equipment | $19,287,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,345,124 |
| Accounts payable and accrued expenses | $10,124,090 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $319,095 |
| Total liabilities | $10,943,185 |
| Net assets without donor restrictions | $28,240,774 |
| Net assets with donor restrictions | $161,165 |
| 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 | $39,345,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tompkins Consolidated Area Transit Inc Ithaca, NY | $39,345,124 | $21,152,302 |
Alliance For Nonprofit Resources Butler, PA | $4,248,358 | $13,136,816 |
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 |
Community Transit Of Delaware County Norwood, PA | $5,687,535 | $12,312,310 |
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 |
Transportation Management Association Of Chester County Malvern, PA | $653,536 | $1,801,768 |
Pennsylvania Tourism Signing Trust Harrisburg, PA | $17,727,667 | $1,909,333 |
Bike Pittsburgh Inc Pittsburgh, PA | $1,178,661 | $1,193,188 |