Valley Transit
- Assets
- $5.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Wasilla, AK
- Founding
- 11/1999
- Data as of
- 06/2024
- EIN
- 92-0166625
Organization Overview
Valley Transit is located in Wasilla, AK. The organization was established in 1999. 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 06/2024, Valley Transit employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Transit 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 06/2024, Valley Transit generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $3.0m during the year ending 06/2024. While expenses have increased by 17.3% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC TRANSPORTATION TO THE MATANUSKA-SUSITNA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUTER SERVICES - PROVIDE TRANSPORTATION SERVICES BETWEEN ANCHORAGE AND THE MAT-SU VALLEY FOR INDVIDUALS.
DEMAND SERVICES - PROVIDE PUBLIC TRANSPORTATION AND MOBILITY TO MATANUSKA- SUSITNA COMMUNITY WITH PRIMARY EMPHASIS ON LOW-INCOME RIDERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Busch Executive Di | Officer | 40 | $118,174 |
Paul Beer President | OfficerTrustee | 2 | $0 |
Margaret Billinger Vice Preside | OfficerTrustee | 2 | $0 |
Norman Bouchard Director | Trustee | 2 | $0 |
Benjamin Coleman Treasurer/se | Trustee | 2 | $0 |
Bryan Geary Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,023,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,073,940 |
| Total Program Service Revenue | $226,271 |
| Investment income | $213 |
| 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 | $2,300,424 |
| 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 | $1,059,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $199,467 |
| Payroll taxes | $103,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,715 |
| Office expenses | $18,116 |
| Information technology | $113,081 |
| Royalties | $0 |
| Occupancy | $179,718 |
| 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 | $748,236 |
| Insurance | $166,744 |
| All other expenses | $4,239 |
| Total functional expenses | $2,952,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,035 |
| Savings and temporary cash investments | $1,032 |
| Pledges and grants receivable | $1,014,636 |
| Accounts receivable, net | $14 |
| 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 | $139,940 |
| Net Land, buildings, and equipment | $3,744,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $177,970 |
| Other assets | $0 |
| Total assets | $5,256,162 |
| Accounts payable and accrued expenses | $143,104 |
| 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 | $143,104 |
| Net assets without donor restrictions | $4,945,240 |
| Net assets with donor restrictions | $167,818 |
| 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 | $5,256,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Transit Wasilla, AK | $5,256,162 | $2,300,424 |
Urban Mobility Group Seattle, WA | $992,635 | $1,210,566 |
Washington State Transit Association Olympia, WA | $945,831 | $1,183,303 |
Fairbanks Area Surface Transportation Planning Fairbanks, AK | $1,126,021 | $773,286 |
Sitka Trail Works Sitka, AK | $288,501 | $723,737 |
San Juan Islands Shuttle System Friday Harbor, WA | $517,883 | $392,268 |
Downtown On The Go Tacoma, WA | $24,005 | $244,211 |
Merc Playhouse Society Twisp, WA | $460,876 | $141,635 |
Chinese Reconciliation Project Foundation Tacoma, WA | $472,012 | $210,970 |
Vision Mercer Island Mercer Island, WA | $21,150 | $10,245 |