Totals
- Total revenue
- $9,567,417
- Total expenses
- $9,050,825
- Contributions and grants received
- $6,006,202
- Grants paid
- $0
- Program service revenue
- $3,607,661
- Investment income
- -$106,091
- Other revenue
- $59,645
- Total assets, end of year
- $12,626,934
- Total liabilities, end of year
- $2,189,819
- Net assets or fund balances, end of year
- $10,437,115
- Program services expenses (Part IX)
- $7,766,074
- Management and general expenses
- $1,284,751
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,766,074
Program services were 85.8% 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.
-
1e · Government grants (contributions)
$5,813,160
-
1f · All other contributions, gifts and grants
$193,042
-
2a · Program service revenue: MEDICAID INCOME
total $2,863,347 · related or exempt $2,863,347
-
2b · Program service revenue: LOCAL CONTRACTS
total $744,314 · related or exempt $744,314
-
3 · Investment income
total $189 · excluded $189
-
7a · Gross sales of assets other than inventory
other assets $73,109
-
7b · Less cost or other basis and sales expenses
other assets $179,389
-
7c · Gain or loss
other assets -$106,280
-
7d · Net gain or loss
total -$106,280 · excluded -$106,280
-
11a · Other revenue: QUALIFIED SPONSORSHIPS
total $58,000 · excluded $58,000
-
11b · Other revenue: OTHER INCOME
total $1,645 · related or exempt $1,645
-
11e · Other revenue, total
$59,645
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $145,373 · program services $125,099 · management and general $20,274
-
7 · Other salaries and wages
total $3,204,663 · program services $2,811,065 · management and general $393,598
-
8 · Pension plan contributions
total $73,677 · program services $64,836 · management and general $8,841
-
9 · Other employee benefits
total $699,034 · program services $531,266 · management and general $167,768
-
10 · Payroll taxes
total $245,346 · program services $215,904 · management and general $29,442
-
11b · Fees: legal
total $125 · management and general $125
-
11c · Fees: accounting
total $21,665 · management and general $21,665
-
11g · Fees: other
total $69,323 · management and general $69,323
-
12 · Advertising and promotion
total $94,034 · management and general $94,034
-
13 · Office expenses
total $68,949 · program services $14,038 · management and general $54,911
-
17 · Travel
total $7,655 · program services $7,037 · management and general $618
-
20 · Interest
total $68,101 · management and general $68,101
-
22 · Depreciation, depletion and amortization
total $1,175,040 · program services $1,139,814 · management and general $35,226
-
23 · Insurance
total $245,839 · program services $188,992 · management and general $56,847
-
24a · Other expenses: MEDICAID - MILEAGE
total $809,050 · program services $809,050
-
24b · Other expenses: FUEL
total $742,986 · program services $742,986
-
24c · Other expenses: BUS EXPENSES
total $422,339 · program services $422,339
-
24d · Other expenses: E & D COSTS
total $323,799 · program services $323,799
-
24e · All other expenses
total $633,827 · program services $369,849 · management and general $263,978
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $196,610 · end of year $173,181
-
2 · Savings and temporary cash investments
beginning of year $97,645 · end of year $44,453
-
4 · Accounts receivable
beginning of year $352,583 · end of year $689,182
-
8 · Inventories for sale or use
beginning of year $133,821 · end of year $131,074
-
9 · Prepaid expenses and deferred charges
beginning of year $43,745 · end of year $109,207
-
10a · Land, buildings and equipment: cost or other basis
$22,141,340
-
10b · Land, buildings and equipment: accumulated depreciation
$10,662,243
-
10c · Land, buildings and equipment, net
beginning of year $11,261,808 · end of year $11,479,097
-
14 · Intangible assets
beginning of year $740 · end of year $740
-
15 · Other assets
beginning of year $4,068 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $499,821 · end of year $791,806
-
23 · Secured mortgages and notes payable
beginning of year $1,616,870 · end of year $1,364,248
-
25 · Other liabilities
beginning of year $53,806 · end of year $33,765
-
27 · Net assets without donor restrictions
beginning of year $9,888,573 · end of year $10,403,415
-
28 · Net assets with donor restrictions
beginning of year $31,950 · end of year $33,700
Mission and programs · 2022
Mission
SOUTHEAST VERMONT TRANSIT ("SEVT") IS COMMITTED TO ADVANCING THE QUALITY OF LIFE AND ECONOMIC VITALITY IN THE COMMUNITIES WE SERVE BY DELIVERING SAFE, RELIABLE, EFFICIENT AND COURTEOUS TRANSIT SERVICE TO THE BROADEST POPULATION BASE POSSIBLE. SEVT SHOULD SET THE BENCHMARK FOR EFFICIENCY AND EXCELLENCE AMONG VERMONT PUBLIC TRANSIT ORGANIZATIONS.
Activities or mission (Part I)
ADVANCING QUALITY OF LIFE AND ECONOMIC VITALITY BY DELIVERING RELIABLE TRANSIT SERVICE.
-
SEVT PROVIDES PUBLIC TRANSPORTATION TO THE SOUTHERN REGIONS OF VERMONT. TRANSPORTATION IS PROVIDED TO THE GENERAL PUBLIC, ELDERLY AND DISABLED, AND THE SCHOOL KIDS THROUGH TRIPPER SERVICE. WE ALSO PROVIDE VOLUNTEER RIDES.
Expenses $7,766,074 · Revenue $3,607,661
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Willis Chip StearnsWILLIS CHIP STEARNS
PRESIDENT (TERM 07/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Seth BoydSETH BOYD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jason RasmussenJASON RASMUSSEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Randy CapitaniRANDY CAPITANI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joel BlumingJOEL BLUMING
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dave MoultonDAVE MOULTON
BOARD MEMBER (TERM 12/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Chris CampanyCHRIS CAMPANY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan ThoemkeDAN THOEMKE
BOARD MEMBER (START 10/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Sue FillionSUE FILLION
BOARD MEMBER (START 11/2022)
- Total calculated
- $0
- Hours/week
- 1
-
Randy SchoonmakerRANDY SCHOONMAKER
CEO
- Total calculated
- $140,744
- From this org
- $113,721
- From related orgs
- $0
- Other
- $27,023
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410869349300341
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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