Regional Transit Authority Art
- Assets
- $7.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Spencer, IA
- Founding
- 06/1980
- Data as of
- 06/2022
- EIN
- 42-1133312
Organization Overview
Regional Transit Authority Art is located in Spencer, IA. 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 06/2022, Regional Transit Authority Art employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Transit Authority Art 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, Regional Transit Authority Art generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 3.4% 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
PROVIDES TRANSPORTATION SERVICES TO THE PUBLIC IN NINE IOWA COUNTIES THROUGH ASSISTANCE OF FEDERAL, STATE, AND LOCAL FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TRANSPORATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Lively Executive Di | Officer | 40 | $120,831 |
Bill Leupold Chairperson | OfficerTrustee | 0.25 | $0 |
Mike Schulte Vice Chairpe | OfficerTrustee | 0.25 | $0 |
Kelly Snyder Secretary/tr | OfficerTrustee | 0.25 | $0 |
Doug Vanden Bosch Board Member | Trustee | 0.25 | $0 |
Roger Faulstick Board Member | 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 | $3,021,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,021,520 |
| Total Program Service Revenue | $1,063,810 |
| Investment income | $7,694 |
| 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 | $4,155,942 |
| 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. | $120,831 |
| Compensation of current officers, directors, key employees. | $120,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,517,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $389,319 |
| Payroll taxes | $133,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,803 |
| Office expenses | $33,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,668 |
| Travel | $19,506 |
| 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 | $662,458 |
| Insurance | $312,604 |
| All other expenses | $70,275 |
| Total functional expenses | $3,803,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,873,262 |
| Pledges and grants receivable | $580,394 |
| Accounts receivable, net | $92,775 |
| 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 | $10,485 |
| Net Land, buildings, and equipment | $3,937,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,557 |
| Total assets | $7,517,600 |
| Accounts payable and accrued expenses | $226,589 |
| 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 | $0 |
| Total liabilities | $226,589 |
| Net assets without donor restrictions | $5,811,023 |
| Net assets with donor restrictions | $1,479,988 |
| 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 | $7,517,600 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Regional Transit Authority Art has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
The Cleveland Clinic Foundation Independence, OH PURPOSE: COMMUNITY SUPPORT | $125,000 |
Cleveland Clinic Foundation Independence, OH PURPOSE: COMMUNITY SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Streetcar Authority Kansas City, MO | $8,885,996 | $11,743,914 |
Southeast Missouri Transportation Service Inc Fredericktown, MO | $9,570,736 | $6,790,437 |
Community Coordinated Transportation System Pierre, SD | $5,878,312 | $7,521,108 |
River Bend Transit Davenport, IA | $9,319,311 | $4,186,060 |
Regional Transit Authority Art Spencer, IA | $7,517,600 | $4,155,942 |
Community Transit Of Watertown Sisseton Inc Watertown, SD | $3,177,219 | $3,067,367 |
Delaware Dubuque And Jackson County Regional Transit Authority Dubuque, IA | $3,802,358 | $1,866,113 |
Nice Ride Minnesota Minneapolis, MN | $986,583 | $586,510 |
Galesburg Transit I Corporation Galesburg, IL | $176,336 | $958,966 |
Citizens For Modern Transit St Louis, MO | $3,588,713 | $989,959 |
Westside Intermodal Transportation Corporation Kansas City, MO | $2,131,375 | $735,793 |
Downtown Minneapolis Transportation Management Organization Minneapolis, MN | $362,523 | $509,033 |