Institute For Affordable Transportation Inc
- Assets
- $379.8k
- Revenue
- $372.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Indianapolis, IN
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 35-2133517
Organization Overview
Institute For Affordable Transportation Inc is located in Indianapolis, IN. The organization was established in 2002. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Institute For Affordable Transportation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Affordable Transportation 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, Institute For Affordable Transportation Inc generated $372.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $336.5k during the year ending 12/2021. While expenses have increased by 1.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE HOPE, CONNECT PEOPLE AND TRANSFORM LIVES THROUGH RURAL TRANSPORT SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IAT REFINED OUR MID-SIZE VEHICLE, THE BUV-M. WE MADE PREPARATIONS FOR BUILDING THE BUV-M IN UGANDA WITH KEY PARTNERS. WE STRENGTHENED OUR RELATIONSHIP WITH A KEY PARTNER IN CAMEROON WHO IS DOUBLING THE SIZE OF HIS BUV TRANSPORT BUSINESS. HE RECENTLY CAME TO TRAIN WITH US IN INDIANAPOLIS. FOR SAFETY REASONS, THE BENIN BUV FACTORY WAS MOVED 3 HOURS SOUTH BY ORDER OF THE BENIN GOVERNMENT. IAT DISPLAYED AT THE GLOBAL HEALTH MISSION CONFERENCE AND INTL CONFERENCE ON MISSIONS IN LATE 2021. OUR FIRST HYBRID ETRIKE WAS SENT TO MALAWI. WE VETTED A HIGHLY SKILLED ENGINEER WHO IS NOW WORKING WITH US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Austin Executive Director | OfficerTrustee | 40 | $68,346 |
Ralph Meyer Treasurer | OfficerTrustee | 5 | $0 |
Mike Pratt Board Member | OfficerTrustee | 5 | $0 |
David Olawale Board Member | Trustee | 3 | $0 |
Awujoola Itau Board Member | Trustee | 3 | $0 |
Doug Mccolgin Board Member | Trustee | 3 | $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 | $331,107 |
| Noncash contributions included in lines 1a–1f | $98,312 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,107 |
| Total Program Service Revenue | $13,117 |
| 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 | $372,664 |
| 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. | $68,348 |
| Compensation of current officers, directors, key employees. | $4,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,990 |
| Pension plan accruals and contributions | $955 |
| Other employee benefits | $0 |
| Payroll taxes | $17,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $1,088 |
| Office expenses | $3,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,487 |
| 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 | $9,856 |
| Insurance | $3,162 |
| All other expenses | $14,883 |
| Total functional expenses | $336,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,545 |
| Savings and temporary cash investments | $116,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,000 |
| Prepaid expenses and deferred charges | $1,500 |
| Net Land, buildings, and equipment | $14,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,849 |
| Accounts payable and accrued expenses | $5,551 |
| 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 | $28,524 |
| Other liabilities | $0 |
| Total liabilities | $34,075 |
| Net assets without donor restrictions | $345,774 |
| 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 | $379,849 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Institute For Affordable Transportation Inc has recieved totaling $53,651.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $38,952 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,199 |
Immi Word And Deed Foundation Inc Westfield, IN PURPOSE: FURTHERING THE SPREAD OF THE GOSPEL OF JESUS CHRIST | $4,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $4,000 |
Hageman Foundation Inc Carmel, IN PURPOSE: CONTRIBUTION FOR THE CONTINUED DEVELOPMENT OF BUSINESS IN AFRICA AND THE BUV BUSINESS-AS-MISSION MODEL. | $500 |
Peer Organizations
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|---|---|---|
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Cornerstone Service Inc Joliet, IL | $39,737,270 | $40,769,202 |
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Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Kreider Services Inc Dixon, IL | $7,634,045 | $20,356,792 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |