Oats Inc
- Assets
- $38.8m
- Revenue
- $29.6m
- Investments
- $0.0
- Employees
- 746
- Location
- Columbia, MO
- Founding
- 05/1974
- Data as of
- 06/2022
- EIN
- 43-1016961
Organization Overview
Oats Inc is located in Columbia, MO. The organization was established in 1974. 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, Oats Inc employed 746 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oats 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 06/2022, Oats Inc generated $29.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $31.0m during the year ending 06/2022. While expenses have increased by 1.0% 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
THE MISSION OF OATS, INC. (DBA OATS TRANSIT) IS: ENHANCING QUALITY OF LIFE BY PROVIDING SAFE, CARING AND RELIABLE TRANSPORTATION SERVICES. OUR GOAL IS TO ENSURE EVERY OATS TRANSIT COMMUNITY RECEIVES SUPERIOR TRANSPORTATION SERVICES.OATS TRANSIT SERVES INDIVIDUALS OF ALL AGES IN RURAL COMMUNITIES, AND SENIORS AND INDIVIDUALS WITH DISABILITIES IN URBAN AREAS. A MAJORITY OF THE RIDERS ARE CLASSIFIED AS LOW-INCOME, HANDICAPPED OR ELDERLY. WITHOUT THIS SERVICE MANY INDIVIDUALS WOULD NOT BE ABLE TO LIVE IN THEIR OWN HOMES, WORK, SEE A DOCTOR OR ATTEND AN EDUCATIONAL INSTITUTION. THE AGENCY IS A DEMAND-RESPONSE, DOOR-TO-DOOR TRANSPORTATION PROVIDER, PLUS OPERATES DEVIATED-FIXED ROUTES IN A FEW SMALL TOWNS, AS WELL AS INTERCITY EXPRESS ROUTES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OATS TRANSIT IS GENERAL PUBLIC TRANSPORTATION SYSTEM SERVING 87 COUNTIES IN THE STATE OF MISSOURI. ANNUALLY, THE AGENCY PROVIDES ONE MILLION ONE-WAY TRIPS, AND TRAVELS MORE THAN 11 MILLION MILES WITH A FLEET OF OVER 700 VEHICLES. NORMAL OPERATING HOURS ARE MONDAY THROUGH FRIDAY, 6:00 AM-6:00 PM. MANY TIMES THE AGENCY OPERATES OUTSIDE OF THOSE HOURS DUE TO THE NATURE OF THE TRANSPORTATION SUCH AS DIALYSIS TREATMENTS, MEDICAL APPOINTMENTS AND LONG-DISTANCE TRAVEL. IN ADDITION TO ITS OPERATING EXPENSES, REPLACEMENT OF VEHICLES IS A TOP PRIORITY FOR THE AGENCY TO ENSURE ITS FLEET IS SAFE AND OPERATES EFFICIENTLY. OATS TRANSIT RAISES FUNDS THROUGH DONATIONS AND GRANTS TO PURCHASE NEW VEHICLES. WHILE FEDERAL GRANTS PAY FOR A PORTION OF ITS FLEET, A 20% LOCAL MATCH IS REQUIRED FOR EACH NEW VEHICLE. THIS IS A CHALLENGE AND TAKES YEARS TO GET FUNDS TO BE ABLE TO MATCH ONE VEHICLE. THE AGENCY HAS AN EXTENSIVE FLEET PLAN WHICH INCLUDES FUTURE EXPANSION NEEDS AND MAJOR REPAIRS ON EACH VEHICLE.OUR LONG-TERM GOAL IS TO PROVIDE THE MOST TRANSPORTATION SERVICE FOR THE DOLLARS RECEIVED AND LOOK FOR OTHER MEANS OF SUPPORT TO CONTINUE OUR MISSION. A QUARTERLY NEWSLETTER IS MAILED TO MORE THAN 20,000 PEOPLE AND ALSO SHARED ON THE AGENCY'S VARIOUS SOCIAL MEDIA SITES. THE AGENCY WEBSITE PROVIDES GENERAL INFORMATION, AS WELL AS BUS SCHEDULES FOR ALL 87 COUNTIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Yeager Executive Dir. | Officer | 50 | $134,197 |
Steven Durben Co-Finance Dir. | Officer | 45 | $56,809 |
Debbie Pilkington Co-Finance Dir. | Officer | 45 | $20,413 |
Krissy Sinor President | OfficerTrustee | 2 | $0 |
Julie Rodgers Director | Trustee | 1 | $0 |
Rex Scott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,491,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,359,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,851,289 |
| Total Program Service Revenue | $13,493,190 |
| Investment income | $118,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,587,471 |
| 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. | $244,193 |
| Compensation of current officers, directors, key employees. | $100,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,393,769 |
| Pension plan accruals and contributions | $220,240 |
| Other employee benefits | $1,653,226 |
| Payroll taxes | $1,090,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,063 |
| Fees for services: Accounting | $109,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,315 |
| Advertising and promotion | $12,127 |
| Office expenses | $731,191 |
| Information technology | $697,214 |
| Royalties | $0 |
| Occupancy | $481,674 |
| Travel | $7,402,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,015,447 |
| Insurance | $30,764 |
| All other expenses | -$73,023 |
| Total functional expenses | $30,969,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,100,182 |
| Pledges and grants receivable | $6,792,984 |
| Accounts receivable, net | $1,220,635 |
| 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 | $974,696 |
| Net Land, buildings, and equipment | $18,710,302 |
| Investments—publicly traded securities | $2,218,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,732,784 |
| Total assets | $38,750,581 |
| Accounts payable and accrued expenses | $2,010,661 |
| Grants payable | $0 |
| Deferred revenue | $84,518 |
| 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 | $3,314,078 |
| Total liabilities | $5,409,257 |
| Net assets without donor restrictions | $32,465,873 |
| Net assets with donor restrictions | $875,451 |
| 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 | $38,750,581 |