Colorado Valley Transit Inc
- Assets
- $2.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Columbus, TX
- Founding
- 01/1987
- Data as of
- 08/2020
- EIN
- 74-2415478
Organization Overview
Colorado Valley Transit Inc is located in Columbus, TX. The organization was established in 1987. 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 08/2020, Colorado Valley Transit Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Valley 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 08/2020, Colorado Valley Transit Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.9m during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTATION OF THE ELDERLY/NEEDY TRANSPORTATION OF THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSFER OF ELDERLY/NEEDY OR APPROXIMATELY 45,000 PERSONS
TRANSPORTATION FOR THE ELDERLY/NEEDY 45,000 CLIENTS
TRANSFER OF ELDERLY/NEEDY OR APPROXIMATELY 45,000 PERSONS
TRANSPORTATION FOR THE ELDERLY/NEEDY 45,000 CLIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Angela Wallace Asst Directo | Officer | $0 | |
Mrs Claudia Wicks Executive Di | Officer | $0 | |
Mrs Michelle Allen Secretary | Trustee | $0 | |
Mrs Felicia Matthews Member | Trustee | $0 | |
Mrs Phyllis Toliver Chair | Trustee | $0 | |
Mrs Elva Smith Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,368,787 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,456,189 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $762,649 |
| Pension plan accruals and contributions | $38,220 |
| Other employee benefits | $193,856 |
| Payroll taxes | $62,423 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,143 |
| 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 | $274,279 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,890,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,318 |
| 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 | $20,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,359,469 |
| Accounts payable and accrued expenses | $323,342 |
| Grants payable | $0 |
| Deferred revenue | $36,880 |
| 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 | $360,222 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,999,247 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Valley Transit Inc has recieved totaling $108,561.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Houston Houston, TX PURPOSE: General Support | $108,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Span Incorporated Denton, TX | $2,873,116 | $4,009,590 |
Colorado Valley Transit Inc Columbus, TX | $2,359,469 | $2,456,189 |
Eastland County Open Door Cisco, TX | $2,315,825 | $926,387 |
Ride Share Austin Austin, TX | $5,031,362 | $0 |
Southwest Vipassana Association Inc Bedford, TX | $4,499,259 | $1,375,384 |
Texas Special Childrens Projects Inc Longview, TX | $83,795 | $231,081 |
Pilots For Patients Monroe, LA | $1,156,087 | $427,056 |
Southern Dallas Link Inc Desoto, TX | $163,179 | $328,886 |
Drive A Senior Network Austin, TX | $0 | $41,573 |
Freedom Mobility Foundation Southlake, TX | $46,403 | $0 |
Philip Foundation International Houston, TX | $1,815 | $0 |
Chariot Bus Lines Athens, TX | $15,934 | $0 |