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← AMERICAN BUS ASSOCIATION FOUNDATION INC

Form 990 for tax year 2023

Filed by AMERICAN BUS ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$398,550
Total expenses
$628,581
Contributions and grants received
$158,432
Grants paid
$100,000
Program service revenue
$0
Investment income
$207,492
Other revenue
$32,626
Total assets, end of year
$9,051,284
Total liabilities, end of year
$45,009
Net assets or fund balances, end of year
$9,006,275
Program services expenses (Part IX)
$305,732
Management and general expenses
$81,883
Fundraising expenses
$240,966
Program service expenses (Part III)
$305,732

Program services were 48.6% 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.

  • 1f · All other contributions, gifts and grants

    $158,432

  • 3 · Investment income

    total $207,492 · excluded $207,492

  • 11a · Other revenue: OTHER INCOME

    total $32,626 · related or exempt $32,626

  • 11e · Other revenue, total

    $32,626

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $100,000 · program services $100,000

  • 7 · Other salaries and wages

    total $55,725 · program services $33,434 · management and general $16,717 · fundraising $5,574

  • 9 · Other employee benefits

    total $15,269 · program services $9,162 · management and general $4,581 · fundraising $1,526

  • 11c · Fees: accounting

    total $10,800 · program services $6,480 · management and general $3,240 · fundraising $1,080

  • 11f · Fees: investment management

    total $37,410 · management and general $37,410

  • 11g · Fees: other

    total $7,500 · program services $4,500 · management and general $2,250 · fundraising $750

  • 13 · Office expenses

    total $9,502 · program services $5,702 · management and general $2,850 · fundraising $950

  • 19 · Conferences, conventions and meetings

    total $38,171 · program services $22,902 · management and general $11,451 · fundraising $3,818

  • 23 · Insurance

    total $11,282 · program services $6,768 · management and general $3,384 · fundraising $1,130

  • 24a · Other expenses: BAD DEBTS

    total $210,848 · fundraising $210,848

  • 24b · Other expenses: RESEARCH

    total $116,784 · program services $116,784

  • 24c · Other expenses: AUCTION AND FUNDRAISING

    total $15,290 · fundraising $15,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,747 · end of year $30,501

  • 3 · Pledges and grants receivable

    beginning of year $219,440 · end of year $6,797

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,353 · end of year $15,637

  • 11 · Investments: publicly traded securities

    beginning of year $7,593,035 · end of year $8,998,349

  • 15 · Other assets

    beginning of year $330

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,733 · end of year $25,209

  • 19 · Deferred revenue

    beginning of year $9,100 · end of year $19,800

  • 27 · Net assets without donor restrictions

    beginning of year $2,516,264 · end of year $2,819,460

  • 28 · Net assets with donor restrictions

    beginning of year $5,502,808 · end of year $6,186,815

Mission and programs · 2023

Mission

THE ABA FOUNDATION'S MISSION IS TO ANSWER THE CALL TO SUPPORT THE INDUSTRY WITH RESEARCH AND SCHOLARSHIPS THAT BENEFIT THE ABA, POLICY MAKERS AND THE PUBLIC.

Activities or mission (Part I)

THE ABA FOUNDATION IS ESTABLISHED FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES. IT PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS THROUGH THE GEORGE T. SNYDER, JR. SCHOLARSHIP FUND. THE FOUNDATION ENHANCES THE QUALITY AND LEVEL OF PROFESSIONAL KNOWLEDGE AND SKILLS OF INTERCITY BUS OPERATORS, AND CONDUCTS RESEARCH AND DEVELOPS EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE SAFETY AND EFFICIENCY OF THE INTERCITY BUS INDUSTRY.

  • RESEARCH - THE AMERICAN BUS ASSOCIATION FOUNDATION IS CONTINUALLY EXPLORING NEW WAYS TO SHOW THE IMPORTANT ROLE MOTORCOACH TRAVEL AND TOUR PLAY IN OUR SOCIETY. OUR DATA PROVIDES THE ONLY SOURCE OF INFORMATION TO AID INDUSTRY EFFORTS IN LEGISLATURES ACROSS THE COUNTRY. WE ARE FIGHTING FOR YOUR BUSINESS EVERYDAY BY PROVIDING THE INFORMATION NECESSARY TO CHANGE MINDS AND WIN ALLIES.

    Expenses $161,258

  • SCHOLARSHIP AWARDS - ABAF AWARDED TWENTY-ONE SCHOLARSHIPS IN 2023 FOR RESEARCH GRANTS.

    Expenses $144,474 · Grants $100,000

As filed on the 2023 return.

Listed in Part VII

  • Peter J Pantuso

    PRESIDENT/SE

    Total calculated
    $566,964
    From this org
    $0
    From related orgs
    $528,409
    Other
    $38,555
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $444,562 related
    Bonus
    not reported + $83,847 related
    Other
    not reported
    Deferred
    not reported + $38,000 related
    Nontaxable benefits
    not reported + $555 related
    Filer's total
    not reported + $566,964 related
  • Douglas D Anderson

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ronald R Bast

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Eugene Berardi

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Peter Borowsky

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bryan Cole

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Courie

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Greg Dotson

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Goldwasser

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Adam Hall

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sara B Hamlin

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brad Henton

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tara Hippensteel

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Hotchkiss

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Thomas G Jebran

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Patricia Kenner

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Colleen Laird

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Patti Lloyd

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brent Maitland

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John R Meier

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John H Percy

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1
  • Michael Power

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Karen Sanders

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kate Scopetti

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pete Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Francis Tedesco

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Suzanne Thornburg

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michelle Wiltgen

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brenda Wordelman

    MEMBER

    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

None.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BUSES LLC

    C CORP · PERIODICAL · DC

Provenance

Return type
form_990
Tax year
2023
Filed
8 October 2024
IRS schema version
2023v5.0
Source object
202412889349302126

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