Ride Share Austin
- Assets
- $5.0m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-2765068
Organization Overview
Ride Share Austin is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ride Share Austin is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RIDEAUSTIN, IS THE WORLD'S FIRST NONPROFIT RIDESHARE COMPANY, SERVING THE AUSTIN TX COMMUNITY WITH COMPETITIVELY PRICED RIDESHARE SERVICES. OUR UNIQUE "ROUND UP" FEATURE ALLOWS RIDERS TO DONATE A PERCENTAGE OF THEIR FARE TO LOCAL CHARITIES. THROUGH THE ROUND UP FEATURE, RIDEAUSTIN HAS RAISED OVER $440,000 FROM INCEPTION TO FISCAL YEAR-END 2022. IN ADDITION, RIDE AUSTIN PARTNERS WITH LOCAL ORGANIZATIONS TO PROVIDE FREE RIDES TO LOW INCOME AND UNDER-SERVED COMMUNITIES IN THE SURROUNDING AREA. DONATIONS, ALONG WITH FEES FROM EVERY RIDEAUSTIN RIDE, HELP COVER THE COSTS OF THE EXPENSIVE INFRASTRUCTURE TO SUPPORT OUR VALUABLE COMMUNITY PROGRAMS.THE ORGANIZATION SUSPENDED OPERATIONS IN MARCH 2020, DUE TO SAFETY CONCERNS RELATED TO THE CORONAVIRUS (COVID-19) PANDEMIC. THE ORGANIZATION REMAINED INACTIVE DURING 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE LAUNCH IN 2016 THROUGH 2022, RIDERS WHO CHOSE TO MAKE DIRECT CONTRIBUTIONS TO LOCAL CHARITIES VIA THE RIDE AUSTIN MOBILE APPLICATION CONTRIBUTED APPROXIMATELY $440,000 OF "ROUND UP" CONTRIBUTIONS TO THEIR FARES. THESE CONTRIBUTIONS WERE DESIGNATED BETWEEN OVER 60 DIFFERENT LOCAL CHARITIES, AND AS OF DECEMBER 31, 2022, APPROXIMATELY $440,000 IN CASH GRANTS HAD BEEN MADE TO 55 LOCAL CHARITIES ON BEHALF OF RIDER DONATIONS. AS THESE WERE CASH DONATIONS NOT ASSOCIATED WITH THE RIDE FARE, RIDE AUSTIN RECOGNIZED NO ADDITIONAL REVENUE OR INCURRED ANY ADDITIONAL EXPENSE RELATED TO THESE CASH GRANTS.
AS PART OF OUR MISSION WE PROVIDE REDUCED FARE AND FREE FARE RIDES WITHIN THE COMMUNITY. OUR DRIVERS ARE STILL COMPENSATED FOR THE MARKET RATE OF THESE RIDES TAKEN WHICH IS INCLUDED IN THE TOTAL DRIVER FEES.
RIDE AUSTIN IS CREATED FOR THE COMMUNITY, BY THE COMMUNITY. THE FOUNDERS OF RIDE AUSTIN AND ITS COMMUNITY SUPPORTERS BELIEVE THAT TRANSPORTATION SHOULD BE FOR EVERYONE, AND THAT RIDESHARING MADE ACCESSIBLE THROUGH MOBILE NETWORKS IS A PATH TO GREATER MOBILITY AND EQUITY. RIDE AUSTIN ACTIVELY SUPPORTS OTHER COMMUNITY CHARITIES DIRECTLY THROUGH ITS TRANSPORTATION NETWORK APPLICATION AND INDPENDENTLY THROUGH SELECT GRANT MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Liemandt Director | Officer | 1 | $0 |
Andrew Price Director, President | Officer | 1 | $0 |
John Abolt Director, Secretary | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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 | $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 | $147 |
| Office expenses | $917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,634 |
| 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 | $470,933 |
| Insurance | $0 |
| All other expenses | $1,288 |
| Total functional expenses | $480,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,006,821 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,924,555 |
| Other assets | $0 |
| Total assets | $5,031,362 |
| Accounts payable and accrued expenses | $4,613 |
| 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 | $4,613 |
| Net assets without donor restrictions | $5,026,749 |
| 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 | $5,031,362 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Colorado Valley Transit Inc Columbus, TX | $2,359,469 | $2,456,189 |
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Ride Share Austin Austin, TX | $5,031,362 | $0 |
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Philip Foundation International Houston, TX | $1,815 | $0 |
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