Mckinney Avenue Transit Authority Inc
- Assets
- $1.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Dallas, TX
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 75-1871492
Organization Overview
Mckinney Avenue Transit Authority Inc is located in Dallas, TX. The organization was established in 1984. 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, Mckinney Avenue Transit Authority Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckinney Avenue Transit Authority 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 12/2021, Mckinney Avenue Transit Authority Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 8.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PRESERVE, OPERATE, AND MAINTAIN THE HISTORIC AMBIANCE OF DALLAS THROUGH REFURBISHING AND OPERATING A TROLLEY CAR SYSTEM ON THE MCKINNEY AVENUE LINE OF DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE, OPERATE, AND MAINTAIN HISTORIC TROLLEY CARS.
REFURBISHING, OPERATING, AND MAINTAINING HISTORIC TROLLEY CARS IN THE CITY OF DALLAS, TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Cobb Chairman Of | OfficerTrustee | $0 | |
Paul Lindenberger Director | OfficerTrustee | $0 | |
Douglas Nichols Treasurer | OfficerTrustee | $0 | |
Ed Mahon Director | OfficerTrustee | $0 | |
Jim Griffin Director | OfficerTrustee | $0 | |
Jim Riley Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $586,431 |
| Noncash contributions included in lines 1a–1f | $62,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,431 |
| Total Program Service Revenue | $1,647,658 |
| Investment income | $166 |
| 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 | $758 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,237,823 |
| 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 | $918,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,710 |
| Payroll taxes | $75,845 |
| Fees for services: Management | $3,274 |
| Fees for services: Legal | $24,285 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,545 |
| Fees for services: Other | $23,381 |
| Advertising and promotion | $1,201 |
| Office expenses | $31,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,433 |
| Travel | $3,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $19,523 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,000 |
| Insurance | $161,026 |
| All other expenses | $85,675 |
| Total functional expenses | $2,212,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,592 |
| Savings and temporary cash investments | $215,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $113,636 |
| Prepaid expenses and deferred charges | $4,830 |
| Net Land, buildings, and equipment | $682,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,756 |
| Total assets | $1,666,425 |
| Accounts payable and accrued expenses | $58,171 |
| Grants payable | $0 |
| Deferred revenue | $12,525 |
| 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 | $14,400 |
| Total liabilities | $85,096 |
| Net assets without donor restrictions | $1,556,230 |
| Net assets with donor restrictions | $25,099 |
| 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 | $1,666,425 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mckinney Avenue Transit Authority Inc has recieved totaling $188,468.
| Awarding Organization | Amount |
|---|---|
Downtown Dallas Inc Dallas, TX PURPOSE: TROLLEY & MATA INVOICE | $100,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $50,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $38,294 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texoma Area Paratransit System Inc Sherman, TX | $3,547,459 | $3,262,902 |
Metroplan Little Rock, AR | $5,480,726 | $2,579,556 |
Mckinney Avenue Transit Authority Inc Dallas, TX | $1,666,425 | $2,237,823 |
Has Development Corporation Houston, TX | $20,118,032 | $1,642,583 |
Arkansas Transit Association Inc North Little Rock, AR | $4,326,481 | $770,783 |
Link Houston Houston, TX | $2,246,425 | $1,674,343 |
Southwest Transit Association Baton Rouge, LA | $282,006 | $321,475 |
Transportation Advocacy Group-Houston Region Houston, TX | $264,231 | $375,141 |
Oklahoma Transit Association Oklahoma City, OK | $994,088 | $278,489 |
La 1 Coalition Inc Thibodaux, LA | $3,446,102 | $354,650 |
Tta-Texas Transit Association Inc Austin, TX | $410,146 | $222,026 |
Tulsa Foundation For Architecture Tulsa, OK | $174,026 | $159,930 |