International Safe Transit Association
- Assets
- $3.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 8
- Location
- East Lansing, MI
- Founding
- 04/1974
- Data as of
- 12/2022
- EIN
- 23-7316359
Organization Overview
International Safe Transit Association is located in East Lansing, MI. The organization was established in 1974. 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 12/2022, International Safe Transit Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Safe Transit Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, International Safe Transit Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 11.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REDUCE TRANSIT DAMAGE THROUGH A PROGRAM OF PRESHIPMENT TESTING, CERTIFICATION, AND IDENTIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL SAFE TRANSIT ASSOCIATION HELPED 1,369 MEMBERS TO CONTROL COSTS, DAMAGE, AND RESOURCES DURING THE DISTRIBUTION OF PACKAGED-PRODUCTS BY CREATING AND PUBLISHING PACKAGED-PRODUCT TEST PROCEDURES; CERTIFYING PACKAGING LABORATORIES, PACKAGED-PRODUCTS AND PROFESSIONALS; AND PROVIDING EDUCATION, TRAINING, AND SUPPORT THROUGH PUBLICATIONS, CONFERENCES AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Binglin Lu Chair-China Div | Trustee | 0.25 | $0 |
Patrick Mcdavid Chair-Education Council | Trustee | 0.25 | $0 |
Quinto Marini Chair-Research Council | Trustee | 0.25 | $0 |
Matthew Thompson VP Of Program & Market Development | 40 | $124,599 | |
Chris Phan Chair-Standards Council | Trustee | 0.25 | $0 |
Jongkyoung Kim Chair-Asia Pacific Div | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,407,159 |
| Investment income | $2,860 |
| 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 | $2,410,019 |
| 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. | $175,789 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $637,245 |
| Pension plan accruals and contributions | $1,282 |
| Other employee benefits | $4,848 |
| Payroll taxes | $61,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,633 |
| Fees for services: Accounting | $25,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,498 |
| Advertising and promotion | $69,178 |
| Office expenses | $195,743 |
| Information technology | $276,793 |
| Royalties | $0 |
| Occupancy | $35,427 |
| Travel | $80,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $426,919 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,257 |
| Insurance | $2,865 |
| All other expenses | $0 |
| Total functional expenses | $2,446,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,741 |
| Savings and temporary cash investments | $2,424,310 |
| Pledges and grants receivable | $105,000 |
| Accounts receivable, net | $189,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,001 |
| Net Land, buildings, and equipment | $5,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $127,016 |
| Total assets | $3,504,544 |
| Accounts payable and accrued expenses | $95,608 |
| Grants payable | $0 |
| Deferred revenue | $722,485 |
| 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 | $184,315 |
| Total liabilities | $1,002,408 |
| Net assets without donor restrictions | $1,588,029 |
| Net assets with donor restrictions | $914,107 |
| 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 | $3,504,544 |