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Nonprofiteer
← REGIONAL TRANSIT AUTHORITY ART

Form 990 for tax year 2024

Filed by REGIONAL TRANSIT AUTHORITY ART.

Totals

Total revenue
$2,599,759
Total expenses
$3,583,463
Contributions and grants received
$1,618,302
Grants paid
$0
Program service revenue
$897,027
Investment income
$81,832
Other revenue
$2,598
Total assets, end of year
$5,050,771
Total liabilities, end of year
$186,733
Net assets or fund balances, end of year
$4,864,038
Program services expenses (Part IX)
$2,987,774
Management and general expenses
$595,689
Fundraising expenses
$0
Program service expenses (Part III)
$2,987,774

Program services were 83.4% 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

    $1,618,302

  • 2a · Program service revenue: CONTRACT SERVICES

    total $754,948 · related or exempt $754,948

  • 2b · Program service revenue: FARES

    total $88,656 · related or exempt $88,656

  • 2c · Program service revenue: NON-CONTRACT SPECIAL SERVICES

    total $53,423 · related or exempt $53,423

  • 3 · Investment income

    total $41,794 · excluded $41,794

  • 7a · Gross sales of assets other than inventory

    securities $40,038

  • 7c · Gain or loss

    securities $40,038

  • 7d · Net gain or loss

    total $40,038 · related or exempt $40,038

  • 11a · Other revenue: OTHER INCOME

    total $2,598 · related or exempt $2,598

  • 11e · Other revenue, total

    $2,598

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $135,982 · management and general $135,982

  • 7 · Other salaries and wages

    total $1,474,793 · program services $1,259,734 · management and general $215,059

  • 9 · Other employee benefits

    total $374,653 · program services $250,586 · management and general $124,067

  • 10 · Payroll taxes

    total $122,721 · program services $95,866 · management and general $26,855

  • 12 · Advertising and promotion

    total $741 · program services $680 · management and general $61

  • 13 · Office expenses

    total $8,778 · program services $8,017 · management and general $761

  • 16 · Occupancy

    total $73,474 · program services $73,474

  • 17 · Travel

    total $7,552 · program services $7,382 · management and general $170

  • 22 · Depreciation, depletion and amortization

    total $463,305 · program services $463,305

  • 23 · Insurance

    total $389,345 · program services $389,345

  • 24a · Other expenses: SERVICE AGREEMENTS

    total $151,752 · program services $129,655 · management and general $22,097

  • 24b · Other expenses: FUEL AND OIL

    total $142,799 · program services $142,298 · management and general $501

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $112,122 · program services $112,122

  • 24d · Other expenses: PROFESSIONAL FEES

    total $70,701 · program services $1,428 · management and general $69,273

  • 24e · All other expenses

    total $54,745 · program services $53,882 · management and general $863

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,672,575 · end of year $2,058,438

  • 3 · Pledges and grants receivable

    beginning of year $111,904 · end of year $117,136

  • 4 · Accounts receivable

    beginning of year $63,949 · end of year $128,276

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,429 · end of year $24,519

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

    $7,800,381

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

    $5,079,988

  • 10c · Land, buildings and equipment, net

    beginning of year $3,089,830 · end of year $2,720,393

  • 15 · Other assets

    beginning of year $65,830 · end of year $2,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,775 · end of year $186,733

  • 27 · Net assets without donor restrictions

    beginning of year $5,044,289 · end of year $4,268,464

  • 28 · Net assets with donor restrictions

    beginning of year $803,453 · end of year $595,574

Mission and programs · 2024

Mission

PROVIDES TRANSPORTATION SERVICES TO THE PUBLIC IN NINE IOWA COUNTIES THROUGH ASSISTANCE OF FEDERAL, STATE, AND LOCAL FUNDS.

  • PROVIDES TRANSPORATION SERVICES

    Expenses $2,987,774 · Revenue $897,027

As filed on the 2024 return.

Listed in Part VII

  • Hugh Lively

    EXECUTIVE DI

    Total calculated
    $135,982
    From this org
    $135,982
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dan Altena

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Barry Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Doug Vanden Bosch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Roger Faulstick

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    0.25

  • Dan Friedrichsen

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.25

  • Bill Leupold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Mike Schulte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Tim Schumacher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Kelly Snyder

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.25

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
2024
Filed
23 December 2025
IRS schema version
2024v5.0
Source object
202630169349300338

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