Foundation For Regional Transit
- Assets
- $168.4k
- Revenue
- $278.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Palo Alto, CA
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 94-3196927
Organization Overview
Foundation For Regional Transit is located in Palo Alto, CA. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Regional 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 12/2022, Foundation For Regional Transit generated $278.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $166.9k during the year ending 12/2022. While expenses have increased by 13.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL INFORMATION REGARDING SUSTAINABLE TRANSPORTATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENLO TOGETHER PROVIDED COMMUNITY EDUCATION REGARDING HOUSING, PUBLIC TRANSPORTATION ENVIRONMENTAL SUSTAINABILITY, AND EQUITY IN MENLO PARK.
MENLO TOGETHER PROVIDED COMMUNITY EDUCATION REGARDING HOUSING, PUBLIC TRANSPORTATION ENVIRONMENTAL SUSTAINABILITY, AND EQUITY IN MENLO PARK.
FRIENDS OF CALTRAIN PROVIDED COMMUNITY EDUCATION ABOUT PUBLIC TRANSPORTATION ON THE PENINSULA CORRIDOR ADVOCACY FOR EMERGENCY TRANSIT FUNDING, CONSULTING REGARDING PUBLIC TRANSPORTATION, SUCCESSFUL ADVOCACY FOR A TRANSPORTATION BALLOT MEASURE.
FRIENDS OF CALTRAIN PROVIDED COMMUNITY EDUCATION ABOUT PUBLIC TRANSPORTATION ON THE PENINSULA CORRIDOR ADVOCACY FOR EMERGENCY TRANSIT FUNDING, CONSULTING REGARDING PUBLIC TRANSPORTATION, SUCCESSFUL ADVOCACY FOR A TRANSPORTATION BALLOT MEASURE.
SEAMLESS BAY AREA PROVIDED COMMUNITY EDUCATION AND ADVOCACY TOWARD ACHIEVING A SEAMLESSLY INTEGRATED PUBLIC TRANSPORTATION SYSTEM FOR THE SAN FRANCISCO BAY AREA
SEAMLESS BAY AREA PROVIDED COMMUNITY EDUCATION AND ADVOCACY TOWARD ACHIEVING A SEAMLESSLY INTEGRATED PUBLIC TRANSPORTATION SYSTEM FOR THE SAN FRANCISCO BAY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoriko Kishimoto Chairman | OfficerTrustee | 0.75 | $0 |
Jarrett Mullen Secretary | OfficerTrustee | 0.5 | $0 |
Elizabeth Alexis Treasurer | OfficerTrustee | 0.75 | $0 |
Cliff Bargar Director | Trustee | 0.75 | $0 |
Adina Levin Executive Dir. | OfficerTrustee | 50 | $0 |
Diane Bailey Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,549 |
| Total Program Service Revenue | $73,718 |
| 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 | $278,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $94,600 |
| Compensation of current officers, directors, key employees. | $28,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,331 |
| Payroll taxes | $9,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,908 |
| Advertising and promotion | $0 |
| Office expenses | $5,689 |
| Information technology | $1,174 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,596 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,085 |
| All other expenses | $0 |
| Total functional expenses | $166,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,868 |
| 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 | $0 |
| Other assets | $479 |
| Total assets | $168,368 |
| Accounts payable and accrued expenses | $4,665 |
| 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 | $4,665 |
| Net assets without donor restrictions | $163,703 |
| 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 | $168,368 |
Grants Awarded
Over the last fiscal year, Foundation For Regional Transit has awarded $112,910 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING LEADERSHIP COUNCIL PURPOSE: Edu on housing for Menlo Together | $12,000 |
SEAMLESS BAY AREA PURPOSE: Payment to fiscal sponsored party | $82,910 |
SILICON VALLEY BIKE COALITION PURPOSE: Measure RR | $6,000 |
YIMBY ACTION PURPOSE: Measure RR | $6,000 |
YOUTH UNITED FOR COMMUNITY PURPOSE: Menlo Together funding | $6,000 |