Austin Transit Partnership Local Government Corporation
- Assets
- $487.7m
- Revenue
- $175.1m
- Investments
- $201.9m
- Employees
- 57
- Location
- Austin, TX
- Founding
- Data as of
- 09/2023
- EIN
- 86-1191788
Organization Overview
Austin Transit Partnership Local Government Corporation is located in Austin, TX. 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 09/2023, Austin Transit Partnership Local Government Corporation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Transit Partnership Local Government Corporation 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 09/2023, Austin Transit Partnership Local Government Corporation generated $175.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $69.8m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CITY OF AUSTIN, TEXAS (THE CITY) AND THE CAPITAL METRO TRANSPORTATION AUTHORITY (CAP METRO) CREATED THE AUSTIN TRANSIT PARTNERSHIP (ATP) IN DECEMBER 2020 AS THE INDEPENDENT ENTITY, AND THE PRINCIPAL ENTITY, ACCOUNTABLE AND RESPONSIBLE FOR THE FINANCING, DESIGN, CONSTRUCTION, AND OVERALL IMPLEMENTATION OF PROJECT CONNECT. ATP'S CHARGE IS TO DELIVER ON THE VOTERS' TRANSIT VISION IN PARTNERSHIP WITH THE COMMUNITY - AND IN A WAY THAT EMBEDS EQUITY, SUSTAINABILITY, AND TRANSPARENCY AS OVERARCHING PRIORITIES. ATP IS DRIVEN BY DATA, WHICH INCLUDES COMMUNITY INPUT, AND IS COMMITTED TO MEETING THE VOTERS' GOALS AND HONORING AUSTIN'S VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT CONNECT IS A TRANSFORMATIVE, VOTER-APPROVED INVESTMENT IN NEW TRANSIT SERVICES THAT INCLUDES LIGHT RAIL, METRORAPID BUS LINES, COMMUTER RAIL (IMPROVEMENTS TO EXISTING LINE AND A NEW LINE), AND PARK AND RIDE FACILITIES.
ANTI DISPLACEMENT-PROJECT CONNECT ALSO COMMITS $300 MILLION TO MITIGATE THE DISPLACEMENT OF VULNERABLE POPULATIONS IMPACTED BY TRANSIT DEVELOPMENT AND CONSTRUCTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Castro DE Barrera Chair | OfficerTrustee | 10 | $0 |
Mayor Kirk Watson Vice Chair | OfficerTrustee | 10 | $0 |
Jeffrey W Travillion Board Member | Trustee | 10 | $0 |
Juan Garza Board Member | Trustee | 10 | $0 |
John Langmore Board Member (beg 8/23) | Trustee | 10 | $0 |
Gregory D Canally Executive Director | Officer | 40 | $289,638 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Us Llp Consulting And Other Professional Servic | 9/29/23 | $3,803,935 |
Hogan Lovells Us Llp Legal Services | 9/29/23 | $212,786 |
Winstead Pc Legal Services | 9/29/23 | $505,359 |
Applications Software Tech Erp Support | 9/29/23 | $340,989 |
Eno Center For Transportation Governance Evaluation | 9/29/23 | $186,385 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $160,095,493 |
| 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 | $160,095,493 |
| Total Program Service Revenue | $0 |
| Investment income | $14,694,299 |
| 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 | $175,130,330 |
| 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. | $1,659,202 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,506,871 |
| Pension plan accruals and contributions | $727,274 |
| Other employee benefits | $1,063,193 |
| Payroll taxes | $508,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,708,269 |
| Fees for services: Accounting | $146,522 |
| Fees for services: Lobbying | $128,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,025,717 |
| Advertising and promotion | $119,886 |
| Office expenses | $117,911 |
| Information technology | $1,798,986 |
| Royalties | $0 |
| Occupancy | $816,532 |
| Travel | $97,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,780 |
| Interest | $59,688 |
| Payments to affiliates | $2,893,026 |
| Depreciation, depletion, and amortization | $3,208,739 |
| Insurance | $42,464 |
| All other expenses | $0 |
| Total functional expenses | $69,802,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $968,530 |
| 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 | -$60,082 |
| Net Land, buildings, and equipment | $126,332,186 |
| Investments—publicly traded securities | $158,394,661 |
| Investments—other securities | $201,918,240 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,480 |
| Total assets | $487,705,538 |
| Accounts payable and accrued expenses | $21,893,955 |
| 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 | $9,229,479 |
| Total liabilities | $31,123,434 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $456,582,104 |
| Total liabilities and net assets/fund balances | $487,705,538 |