Virginia Regional Transit
- Assets
- $15.8m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 255
- Location
- Purcellville, VA
- Founding
- 08/1991
- Data as of
- 06/2024
- EIN
- 62-1441965
Organization Overview
Virginia Regional Transit is located in Purcellville, VA. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Virginia Regional Transit employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Regional Transit 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, Virginia Regional Transit generated $13.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $10.2m during the year ending 06/2024. While expenses have increased by 5.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE, PROMOTE, AND PROVIDE AN EFFICIENT SYSTEM OF PUBLIC TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATES, PROMOTES, AND PROVIDES TRANSPORTATION SERVICES TO ALL CITIZENS OF THE REGION WITH EMPHASIS ON DISABLED, ELDERLY, & DISADVANTAGED RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Bruce Simms President/ce | OfficerTrustee | 40 | $176,216 |
Noel A Brown Chair | OfficerTrustee | 1 | $0 |
Janet Clarke Vice Chair | OfficerTrustee | 1 | $0 |
James W Askegren Secretary | OfficerTrustee | 1 | $0 |
Erin Rayner Treasurer | OfficerTrustee | 1 | $0 |
Shaelyn Mullaney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,047 |
| Related organizations | $0 |
| Government grants | $8,499,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,515,360 |
| Total Program Service Revenue | $4,642,534 |
| Investment income | $155,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,473,962 |
| 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. | $173,085 |
| Compensation of current officers, directors, key employees. | $156,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,931,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $54,090 |
| Fees for services: Legal | $49,876 |
| Fees for services: Accounting | $32,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,680 |
| Advertising and promotion | $41,217 |
| Office expenses | $212,250 |
| Information technology | $170,728 |
| Royalties | $0 |
| Occupancy | $161,006 |
| Travel | $57,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $805,237 |
| Insurance | $509,186 |
| All other expenses | $141 |
| Total functional expenses | $10,178,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,213,518 |
| Pledges and grants receivable | $1,113,345 |
| Accounts receivable, net | $754,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,619 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $220,201 |
| Net Land, buildings, and equipment | $7,498,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,350 |
| Total assets | $15,844,435 |
| Accounts payable and accrued expenses | $1,209,815 |
| Grants payable | $0 |
| Deferred revenue | $17,600 |
| 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 | $306,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,534,014 |
| Net assets without donor restrictions | $14,310,421 |
| 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 | $15,844,435 |