East Dakota Transit Inc
- Assets
- $235.7k
- Revenue
- $200.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, SD
- Founding
- 05/1999
- Data as of
- 09/2021
- EIN
- 46-0448566
Organization Overview
East Dakota Transit Inc is located in Madison, SD. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Dakota Transit 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 09/2021, East Dakota Transit Inc generated $200.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $163.2k during the year ending 09/2021. While expenses have increased by 0.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUBSIDIZED PUBLIC TRANSPORTATION IN AND AROUND MADISON, SD
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST DAKOTA TRANSIT PROVIDED 9,840 RIDES TO THE PUBLIC INCLUDING THE ELDERLY, DISABLED, CHILDREN AND THOSE WHO REQUIRE A WHEELCHAIR LIFT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Dennert Secretary/treas | OfficerTrustee | 1 | $0 |
Jim Iverson Chair | OfficerTrustee | 1 | $0 |
Dennis Slaughter Vice Chair | OfficerTrustee | 1 | $0 |
Scott Finck Transit Manager | Officer | 1 | $0 |
Bob Sahr Board Member | Trustee | 1 | $0 |
Becky Brown Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,003 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,757 |
| Total Program Service Revenue | $0 |
| Investment income | $14 |
| 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 | $200,771 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,900 |
| 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 | $66,943 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,831 |
| Travel | $0 |
| 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 | $12,629 |
| Insurance | $16,913 |
| All other expenses | $0 |
| Total functional expenses | $163,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $79,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,658 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $235,658 |
| 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 | $235,658 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Dakota Transit Inc has recieved totaling $8,832.
| Awarding Organization | Amount |
|---|---|
Interlakes Area United Way Corporation Madison, SD PURPOSE: PROGRAM SERVICES | $8,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Central Montana Rail Denton, MT | $9,482,967 | $1,447,583 |
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 |
Downtown Minneapolis Transportation Management Organization Minneapolis, MN | $362,523 | $509,033 |
Arrow Public Transit Lemmon, SD | $396,696 | $301,566 |
Minnesota Public Transit Association Saint Paul, MN | $189,844 | $225,415 |
Community Solutions Of Eastern Iowa Dubuque, IA | $94,216 | $233,883 |
Missoula Institute For Sustainabletransportation Missoula, MT | $1,278,793 | $283,191 |