Galesburg Transit I Corporation

Organization Overview

Galesburg Transit I Corporation is located in Galesburg, IL. The organization was established in 2000. 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 12/2019, Galesburg Transit I Corporation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galesburg Transit I Corporation 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 12/2019, Galesburg Transit I Corporation generated $959.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $959.0k during the year ending 12/2019. While expenses have increased by 3.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW COST PUBLIC TRANSPORTATION TO THE CITIZENS OF GALESBURG, ILLINOIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMPANY RUNS PUBLIC TRANSPORTATION BUS ROUTES PROVIDING TRANSPORTATION TO THE CITIZENS OF GALESBURG IL WITH A POPULATION OF APPROXIMATELY 32,000. THE COMPANY RECEIVES OVER 92% OF ITS REVENUE FROM CITY SUBSIDIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kraig S Mccluskie
President
$63,552
Amber Connour
Treasurer
$37,066
Todd Thompson
Director
$0
John Pritchard
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $906,888
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$906,888
Total Program Service Revenue$52,068
Investment income $10
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 $958,966

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