Newtrax Incorporated
- Assets
- $2.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 103
- Location
- White Bear Lake, MN
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-4476087
Organization Overview
Newtrax Incorporated is located in White Bear Lake, MN. The organization was established in 2011. 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 06/2022, Newtrax Incorporated employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newtrax Incorporated 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 06/2022, Newtrax Incorporated generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 6.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY OBJECTIVES ARE TO: (I) ENSURE SAFE, ACCESSIBLE, AND RELIABLE TRANSPORTATION TO OVER 500 CLIENTS OF MERRICK, INC., PAI, AND OTHER PARTNER ORGANIZATIONS (II) MAXIMIZE OPERATIONAL EFFICIENCIES TO REDUCE EXPENSES AND STABILIZE SERVICES IN ANTICIPATION OF LESS GOVERNMENT REIMBURSEMENT; (III) DEVELOP STRATEGIC COLLABORATIONS THAT INCREASE THE POTENTIAL OF EACH ORGANIZATION TO DELIVER SERVICES TO THEIR RESPECTIVE CLIENTS AND (IV) CONTRIBUTE TO THE OVERALL HEALTH AND WELL BEING OF OUR COMMUNITIES BY REDUCING THE NUMBER OF VEHICLES CONGESTING ROADS AND VEHICLE EMISSIONS. STARTING IN APRIL OF 2020 NEWTRAX EXPANDED BEYOND ITS TYPICAL GROUP TRANSPORTATION FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND SENIORS TO FOOD DISTRIBUTION TO THOSE IN NEED IN RESPONSE TO THE COVID-19 PANDEMIC.
Describe the Organization's Program Activity:
PROVIDED OVER 1,100 RIDES TO CLIENTS ON APPROXIMATELY 250 DAYS.
PROVIDED ADMINISTRATIVE SERVICES INCLUDING FINANCIAL MANAGEMENT, IT, FACILITY MAINTENANCE AND SPACE RENTALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Greenbaum Executive Director | Officer | 40 | $104,190 |
John Wayne Barker Chair | OfficerTrustee | 1 | $0 |
Cliff Hanson Secretary/ Treasurer | OfficerTrustee | 1 | $0 |
Michael Miner Vice-Chair | OfficerTrustee | 1 | $0 |
Joe Murphy Member | Trustee | 1 | $0 |
Kristin Mahre Member (part Year) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,547 |
| Total Program Service Revenue | $4,307,977 |
| Investment income | $93 |
| 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 | $4,771,410 |
| 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. | $139,689 |
| Compensation of current officers, directors, key employees. | $111,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,261,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $358,469 |
| Payroll taxes | $183,971 |
| Fees for services: Management | $30,813 |
| Fees for services: Legal | $3,071 |
| Fees for services: Accounting | $26,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20 |
| Fees for services: Other | $23,633 |
| Advertising and promotion | $703 |
| Office expenses | $12,999 |
| Information technology | $21,361 |
| Royalties | $0 |
| Occupancy | $350,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,897 |
| Insurance | $191,102 |
| All other expenses | $56,867 |
| Total functional expenses | $4,775,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $945,243 |
| Pledges and grants receivable | $108,317 |
| Accounts receivable, net | $320,949 |
| 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 | $5,344 |
| Net Land, buildings, and equipment | $1,139,987 |
| Investments—publicly traded securities | $58,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,621 |
| Total assets | $2,612,378 |
| Accounts payable and accrued expenses | $264,073 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $414,073 |
| Net assets without donor restrictions | $2,185,180 |
| Net assets with donor restrictions | $13,125 |
| 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 | $2,612,378 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newtrax Incorporated has recieved totaling $50,756.
| Awarding Organization | Amount |
|---|---|
Metropolitan Area Agency On Aging Inc Arden Hills, MN PURPOSE: Supportive Services (Title IIIB - OAA) | $50,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newtrax Incorporated White Bear Lake, MN | $2,612,378 | $4,771,410 |
Bis-Man Transit Board Bismarck, ND | $3,777,287 | $5,270,613 |
West River Transit Authority Inc Spearfish, SD | $8,884,613 | $3,274,587 |
Hourcar Saint Paul, MN | $749,324 | $1,812,523 |
Paul Bunyan Transit Bemidji, MN | $3,896,473 | $1,271,346 |
Brookings Area Transit Authority Brookings, SD | $2,298,760 | $1,986,121 |
Independent Living Inc Madison, WI | $0 | $1,146,589 |
West River Transit Bismarck, ND | $2,143,604 | $986,290 |
Community Transit Inc Sisseton, SD | $0 | $1,111,719 |
Peoples Transit Huron, SD | $1,435,440 | $988,075 |
Washington County Mini Bus Inc Washington, IA | $1,053,627 | $704,288 |
Southwest Transportation Services Bowman, ND | $380,906 | $400,071 |