Tri-County Busing Inc
- Assets
- $777.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 29
- Location
- Cadillac, MI
- Founding
- 07/1980
- Data as of
- 06/2024
- EIN
- 38-6096460
Organization Overview
Tri-County Busing Inc is located in Cadillac, MI. The organization was established in 1980. 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 06/2024, Tri-County Busing Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Busing 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 06/2024, Tri-County Busing Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTING CHILDREN WITH SPECIAL NEEDS TO AND FROM SPECIAL EDUCATION CLASSES.
Describe the Organization's Program Activity:
OPERATING AND MAINTAINING SCHOOL BUSES FOR TRANSPORTING CHILDREN WITH SPECIAL NEEDS TO AND FROM SPECIAL EDUCATION CLASSES. CLASSES ARE HELD AT FACILITIES PROVIDED BY WEXFORD-MISSAUKEE INTERMEDIATE SCHOOL DISTRICT. APPROXIMATELY 100 STUDENTS ARE TRANSPORTED DAILY USING TEN SCHOOL BUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Smith Trustee | Trustee | 3 | $0 |
Marilyn Zmudzinski President | OfficerTrustee | 1 | $0 |
Michael J Smith Treasurer | OfficerTrustee | 3 | $0 |
Emily Hamilton-Hutchings Secretary | OfficerTrustee | 10 | $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 | $1,018,077 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,021,165 |
| 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. | $5,200 |
| Compensation of current officers, directors, key employees. | $5,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $1,418 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,306 |
| Travel | $2,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,860 |
| Interest | $15 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,390 |
| Insurance | $77,179 |
| All other expenses | $17,474 |
| Total functional expenses | $1,130,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,332 |
| 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 | $0 |
| Net Land, buildings, and equipment | $316,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,427 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,654 |
| Total liabilities | $1,654 |
| Net assets without donor restrictions | $775,773 |
| 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 | $777,427 |