Nyc School Bus Umbrella Services
- Assets
- $48.3m
- Revenue
- $137.8m
- Investments
- $0.0
- Employees
- 1,717
- Location
- Brooklyn, NY
- Founding
- Data as of
- 06/2022
- EIN
- 85-3531873
Organization Overview
Nyc School Bus Umbrella Services is located in Brooklyn, NY. 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 06/2022, Nyc School Bus Umbrella Services employed 1,717 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyc School Bus Umbrella Services 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
TO PROVIDE SERVICES TO STUDENTS OF NEW YORK CITY'S PUBLIC SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON OCTOBER 29, 2001 NYCSBUS PURCHASED SCHOOL BUSES AND OTHER ASSETS FROM RELIANT TRANSPORTATION AND ON NOVEMBER 1 TOOK RESPONSIBILITY FOR THE APPROXIMATELY 800 NEW YORK CITY SCHOOL BUS ROUTES THAT HAD BEEN OPERATED BY RELIANT. NYCSBUS CONTRACTED BACK TO RELIANT TO PROVIDE MANAGEMENT SERVICES FOR THE COMPANY THROUGH MAY 28, 2022 AND ON MAY 30 NYCSBUS TOOK FULL RESPONSIBILITY FOR OPERATING THE COMPANY, PROVIDING STAFFING, VEHICLES, VEHICLE MAINTENANCE, DISPATCH, CALL CENTER, TRAINING AND THE ALL OTHER SERVICES PROVIDED BY SIMILAR SCHOOL BUS VENDORS TO THE NYC DEPARTMENT OF EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Gao Treasurer | OfficerTrustee | 1 | $0 |
Lauren Siciliano Chair (outgoing) | OfficerTrustee | 1 | $0 |
Neyda Franco-Martinez Board Member | Trustee | 1 | $0 |
Plachikkat Anatharam Board Member | Trustee | 1 | $0 |
Robert W Linn Board Member | Trustee | 1 | $0 |
Russell Buckley Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belknap Webb & Tyler Llp Legal Services | 6/29/22 | $312,911 |
Btq Financial Financial And Accounting Management Serv | 6/29/22 | $196,101 |
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 | $137,793,120 |
| Investment income | $35,987 |
| 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 | $137,829,107 |
| 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. | $445,468 |
| Compensation of current officers, directors, key employees. | $445,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,946,172 |
| Pension plan accruals and contributions | $4,227,804 |
| Other employee benefits | $16,332,255 |
| Payroll taxes | $7,882,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $246,329 |
| 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 | $12,484,685 |
| Advertising and promotion | $1,500 |
| Office expenses | $55,851 |
| Information technology | $68,005 |
| Royalties | $0 |
| Occupancy | $1,267,410 |
| Travel | $9,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,248,269 |
| Insurance | $11,974,556 |
| All other expenses | $29,228 |
| Total functional expenses | $136,912,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,105,532 |
| Savings and temporary cash investments | $91,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,379,429 |
| 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 | $15,664,039 |
| Net Land, buildings, and equipment | $14,012,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,019,828 |
| Total assets | $48,273,220 |
| Accounts payable and accrued expenses | $6,023,232 |
| Grants payable | $0 |
| Deferred revenue | $21,663,150 |
| 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 | $6,912,965 |
| Total liabilities | $34,599,347 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$12,930,502 |
| Paid-in or capital surplus, or land, building, or equipment fund | $13,846,719 |
| Retained earnings, endowment, accumulated income, or other funds | $12,757,656 |
| Total liabilities and net assets/fund balances | $48,273,220 |