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Nonprofiteer
← VIRGINIA REGIONAL TRANSIT

Form 990 for tax year 2022

Filed by VIRGINIA REGIONAL TRANSIT.

Totals

Total revenue
$9,335,133
Total expenses
$9,016,131
Contributions and grants received
$4,402,862
Grants paid
$0
Program service revenue
$4,758,717
Investment income
$40,798
Other revenue
$132,756
Total assets, end of year
$11,672,237
Total liabilities, end of year
$657,208
Net assets or fund balances, end of year
$11,015,029
Program services expenses (Part IX)
$8,353,878
Management and general expenses
$620,455
Fundraising expenses
$41,798
Program service expenses (Part III)
$8,353,878

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $7,859

  • 1e · Government grants (contributions)

    $4,381,003

  • 1f · All other contributions, gifts and grants

    $14,000

  • 2a · Program service revenue: CONTRACT SERVCIES

    total $4,721,856 · related or exempt $4,721,856

  • 2b · Program service revenue: TRANSPORT MANAGEMENT S

    total $36,861 · related or exempt $36,861

  • 3 · Investment income

    total $25,798 · excluded $25,798

  • 7a · Gross sales of assets other than inventory

    other assets $15,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $15,000

  • 7d · Net gain or loss

    total $15,000 · excluded $15,000

  • 8a · Fundraising events: gross income

    $23,946

  • 8a · Fundraising events: contributions included on line 1c

    $7,859

  • 8b · Fundraising events: direct expenses

    $23,946

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: REIMBURSEMENTS

    total $66,287 · excluded $66,287

  • 11b · Other revenue: ADVERTISING SERVICE

    total $55,833 · unrelated business $55,833

  • 11c · Other revenue: OTHER

    total $10,636 · excluded $10,636

  • 11e · Other revenue, total

    $132,756

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $166,911 · program services $11,922 · management and general $151,015 · fundraising $3,974

  • 7 · Other salaries and wages

    total $5,312,431 · program services $5,043,273 · management and general $265,382 · fundraising $3,776

  • 11b · Fees: legal

    total $50,666 · program services $25,333 · management and general $25,333

  • 11c · Fees: accounting

    total $87,931 · program services $18,018 · management and general $69,913

  • 11g · Fees: other

    total $17,812 · program services $16,562 · management and general $1,250

  • 12 · Advertising and promotion

    total $34,048 · fundraising $34,048

  • 13 · Office expenses

    total $210,949 · program services $158,212 · management and general $52,737

  • 14 · Information technology

    total $122,288 · program services $116,174 · management and general $6,114

  • 16 · Occupancy

    total $144,476 · program services $117,608 · management and general $26,868

  • 17 · Travel

    total $25,803 · program services $25,803

  • 20 · Interest

    total $7,881 · program services $7,881

  • 22 · Depreciation, depletion and amortization

    total $445,530 · program services $433,418 · management and general $12,112

  • 23 · Insurance

    total $479,145 · program services $474,354 · management and general $4,791

  • 24a · Other expenses: VEHICLE OPERATING

    total $1,736,776 · program services $1,736,776

  • 24b · Other expenses: OTHER PERSONNEL COSTS

    total $98,216 · program services $93,305 · management and general $4,911

  • 24c · Other expenses: OTHER FIXED CHARGES

    total $57,876 · program services $57,876

  • 24d · Other expenses: OTHER GRANT EXPENSE

    total $17,006 · program services $17,006

  • 24e · All other expenses

    total $386 · program services $357 · management and general $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,858,691 · end of year $6,078,881

  • 3 · Pledges and grants receivable

    beginning of year $375,520 · end of year $386,402

  • 4 · Accounts receivable

    beginning of year $458,841 · end of year $567,080

  • 7 · Other notes and loans receivable

    end of year $83,660

  • 9 · Prepaid expenses and deferred charges

    end of year $72,750

  • 10a · Land, buildings and equipment: cost or other basis

    $10,772,020

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,289,906

  • 10c · Land, buildings and equipment, net

    beginning of year $4,416,961 · end of year $4,482,114

  • 15 · Other assets

    beginning of year $49,952 · end of year $1,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $443,833 · end of year $458,797

  • 19 · Deferred revenue

    beginning of year $20,105 · end of year $10,370

  • 23 · Secured mortgages and notes payable

    end of year $188,041

  • 27 · Net assets without donor restrictions

    beginning of year $10,696,027 · end of year $11,015,029

Mission and programs · 2022

Mission

VIRGINIA REGIONAL TRANSIT'S MISSION IS TO CREATE ACCESS TO MOBILITY THROUGH DIRECT PASSENGER SERVICE, TRANSIT SYSTEM MANAGEMENT AND TRANSIT RELATED SERVICES FOR THE PUBLIC.

Activities or mission (Part I)

TO COORDINATE, PROMOTE, AND PROVIDE AN EFFICIENT SYSTEM OF PUBLIC TRANSPORTATION.

  • THE ORGANIZATION COORDINATES, PROMOTES AND PROVIDES TRANSPORATION SERVICES TO ALL CITIZENS OF THE REGION WITH EMPHASIS ON DISABLED, ELDERLY & DISADVANTAGED RESIDENTS

    Expenses $8,353,878 · Revenue $4,758,717

As filed on the 2022 return.

Listed in Part VII

  • E Bruce Simms

    PRESIDENT/CEO

    Total calculated
    $203,323
    From this org
    $175,306
    From related orgs
    $0
    Other
    $28,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,706
    Bonus
    $7,199
    Other
    $17,401
    Deferred
    $0
    Nontaxable benefits
    $28,017
    Filer's total
    $203,323

  • Noel A Brown

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Janet Clarke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James W Askegren

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Erin Rayner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shaelyn Mullaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323199349313882

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