Loop Trolley Company

Organization Overview

Loop Trolley Company is located in Saint Louis, MO. The organization was established in 2002. 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 12/2021, Loop Trolley Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loop Trolley Company 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, Loop Trolley Company generated $397.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $367.1k during the year ending 12/2021. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREATION, PLANNING, FUNDING, PUBLIC EDUCATION, IMPLEMENTATION, CONSTRUCTION, AND OPERATION OF A PUBLIC NOT-FOR-PROFIT TROLLEY LINE OR LINES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OTHE LOOP TROLLEY COMPANY (THE ORGANIZATION) IS A NOT-FOR-PROFIT MISSOURI CORPORATION WHOSE PURPOSE WAS TO CREATE, IMPLEMENT AND OPERATE A PUBLIC STREET CAR SYSTEM (THE LOOP TROLLEY PROJECT) AND TO PROVIDE PUBLIC EDUCATION REGARDING VINTAGE TROLLEY SYSTEMS. THE ORGANIZATION COLLABORATED WITH THE FOLLOWING MUNICIPALITIES, ENTITIES AND ORGANIZATIONS TO DEVELOP THE LOOP TROLLEY PROJECT:FEDERAL TRANSIT ADMINISTRATION (FTA)EAST-WEST GATEWAY COUNCIL OF GOVERNMENTS (EAST-WEST GATEWAY)THE LOOP TROLLEY TRANSPORTATION DEVELOPMENT DISTRICT (THE TDD)METROCITY OF ST. LOUIS, MISSOURIUNIVERSITY CITY, MISSOURIST. LOUIS COUNTY, MISSOURIGREAT RIVERS GREENWAYCITIZENS FOR MODERN TRANSIT (CMT)MISSOURI DEPARTMENT OF TRANSPORTATIONTHE TDD HAS CONSTRUCTED THE LOOP TROLLEY PROJECT, WHICH ESTABLISHED A 2.2 MILE FIXED RAIL TROLLEY LINE ALONG DELMAR BOULEVARD AND DEBALIVIERE AVENUE, EXTENDING FROM NEAR THE DELMAR/TRINITY AVENUE INTERSECTION TO THE MISSOURI HISTORY MUSEUM IN FOREST PARK (THE TROLLEY SYSTEM). THE TDD IS RESPONSIBLE FOR MANAGING CONTRACTS AND THE CONSTRUCTION OF THE LOOP TROLLEY PROJECT. ALL CONSTRUCTION COSTS OF THE LOOP TROLLEY HAVE BEEN PAID FOR BY THE TDD. THE ORGANIZATION WAS RESPONSIBLE, BASED ON UPON THE EXECUTED OPERATING AND MAINTENANCE AGREEMENT WITH THE TDD (SEE BELOW), TO PROVIDE FUNDING TO THE TDD OF APPROXIMATELY $13 MILLION. THE TDD AND THE ORGANIZATION HAVE MUTUALLY AGREED (THROUGH THE OPERATING AND MAINTENANCE AGREEMENT) THAT ANY COST OVERRUNS ON THE CONSTRUCTION OF THE LOOP TROLLEY PROJECT ARE THE SOLE RESPONSIBILITY OF THE TDD. THE LOOP TROLLEY PROJECT BEGAN SERVICE IN NOVEMBER 2018 AND ENDED REGULAR SERVICE IN DECEMBER 2019.TO PRESERVE DIMINISHED SALES TAX REVENUES AND SUPPORT REGIONAL EFFORTS TO ELIMINATE COVID-19 DURING THE ONGOING PANDEMIC, THE LOOP TROLLEY WAS OUT OF SERVICE FOR MUCH OF 2020 AND ALL OF 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Barbeau
Executive Director (through 4/21)
$91,985
John S Meyer Jr
President
$0
Thomas Schmittdiel
Vice President
$0
Tonnie Glispie-Smith
Treasurer
$0
Joe Adams
Secretary
$0
Jen Rieger
Assistant Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $396,805
All other contributions, gifts, grants, and similar amounts not included above$500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$397,305
Total Program Service Revenue$36
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 $397,341

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Loop Trolley Company has recieved totaling $150,000.

Awarding OrganizationAmount
Washington University

Saint Louis, MO

PURPOSE: SPONSORSHIP

$150,000
View Grant Recipient Profile

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