M A G B Transportation Inc
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Fairview, OK
- Founding
- 07/1994
- Data as of
- 09/2021
- EIN
- 73-1433730
Organization Overview
M A G B Transportation Inc is located in Fairview, OK. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2021, M A G B Transportation Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M A G B Transportation 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, M A G B Transportation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.4m during the year ending 09/2021. While expenses have increased by 8.0% 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
TRANSPORTATION SERVICES TO LOW INCOME AND ELDERLY RESIDENTS OF RURAL OKLAHOMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGB PROVIDED 27,428 TRIPS TO LOW INCOME AND ELDERLY RESIDENTS OF RURAL OK, TRAVELING 767,069 MILES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Moose Chairman | OfficerTrustee | 1 | $0 |
Ann Willits Director | OfficerTrustee | 1 | $0 |
Joey Houk Director | OfficerTrustee | 1 | $0 |
Roger Knak Director | Trustee | 1 | $0 |
Bill Wedel Director | Trustee | 1 | $0 |
Susan Mccue Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $859,160 |
| Total Program Service Revenue | $887,868 |
| Investment income | $312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,754,358 |
| 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 | $779,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,654 |
| Payroll taxes | $59,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,991 |
| Office expenses | $45,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,160 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,312 |
| Interest | $2,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,640 |
| Insurance | $51,327 |
| All other expenses | $11,649 |
| Total functional expenses | $1,410,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,246 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,423 |
| 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 | $6,620 |
| Net Land, buildings, and equipment | $599,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,125,023 |
| Accounts payable and accrued expenses | $71,191 |
| 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 | $129,269 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,460 |
| Net assets without donor restrictions | $924,563 |
| 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 | $1,125,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that M A G B Transportation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Usg Foundation Inc Chicago, IL PURPOSE: COMMUNITY & CIVIC SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Prairiestar Health Center Inc Hutchinson, KS | $20,070,980 | $16,706,412 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |