Suburban Transit Network Inc
- Assets
- $19.4m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Blue Bell, PA
- Founding
- 04/1982
- Data as of
- 06/2023
- EIN
- 23-2145762
Organization Overview
Suburban Transit Network Inc is located in Blue Bell, PA. The organization was established in 1982. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. As of 06/2023, Suburban Transit Network Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suburban Transit Network Inc 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 06/2023, Suburban Transit Network Inc generated $25.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $22.4m during the year ending 06/2023. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO THE DELAWARE VALLEY COMMUNITY THROUGH DEVELOPING NEW TRANSPORTATION OPTIONS AND MANAGING A COST EFFECTIVE NETWORK OF TRANSPORTATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARATRANSIT SERVICES: TRANSPORTATION OF SENIOR CITIZENS, PERSONS WITH DISABILITIES AND OTHER SOCIAL SERVICE CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Valenza President | OfficerTrustee | 1 | $0 |
Jim Tammaro Vice President | OfficerTrustee | 1 | $0 |
David Mrochko Secretary/treasurer | OfficerTrustee | 1 | $0 |
Matthew Edmond Member | Trustee | 1 | $0 |
John Fennell Member | Trustee | 1 | $0 |
Mark Glatz Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,066,705 |
| 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 | $13,066,705 |
| Total Program Service Revenue | $12,354,537 |
| Investment income | $168,092 |
| 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 | $25,589,334 |
| 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. | $327,734 |
| Compensation of current officers, directors, key employees. | $23,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $965,534 |
| Pension plan accruals and contributions | $48,748 |
| Other employee benefits | $87,336 |
| Payroll taxes | $94,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,825 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $4,060 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,341 |
| Advertising and promotion | $68,765 |
| Office expenses | $67,467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,748 |
| Travel | $6,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,567 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,038,130 |
| Insurance | $84,545 |
| All other expenses | $81,001 |
| Total functional expenses | $22,437,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $7,456,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,155,746 |
| 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 | $132,282 |
| Net Land, buildings, and equipment | $3,420,571 |
| Investments—publicly traded securities | $833,955 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $358,011 |
| Total assets | $19,357,286 |
| Accounts payable and accrued expenses | $1,799,452 |
| 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 | $409,000 |
| Total liabilities | $2,208,452 |
| Net assets without donor restrictions | $11,344,916 |
| Net assets with donor restrictions | $5,803,918 |
| 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 | $19,357,286 |