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Nonprofiteer
← SOUTHEAST VERMONT TRANSIT INC

Form 990 for tax year 2023

Filed by SOUTHEAST VERMONT TRANSIT INC.

Totals

Total revenue
$9,518,769
Total expenses
$9,759,046
Contributions and grants received
$5,994,373
Grants paid
$0
Program service revenue
$3,570,600
Investment income
-$89,271
Other revenue
$43,067
Total assets, end of year
$12,249,329
Total liabilities, end of year
$2,052,491
Net assets or fund balances, end of year
$10,196,838
Program services expenses (Part IX)
$8,311,711
Management and general expenses
$1,447,335
Fundraising expenses
$0
Program service expenses (Part III)
$8,311,711

Program services were 85.2% 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)

    $5,845,964

  • 1f · All other contributions, gifts and grants

    $148,409

  • 2a · Program service revenue: MEDICAID INCOME

    total $2,722,917 · related or exempt $2,722,917

  • 2b · Program service revenue: LOCAL CONTRACTS

    total $847,683 · related or exempt $847,683

  • 3 · Investment income

    total $1,736 · excluded $1,736

  • 7a · Gross sales of assets other than inventory

    other assets $4,376

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

    other assets $95,383

  • 7c · Gain or loss

    other assets -$91,007

  • 7d · Net gain or loss

    total -$91,007 · excluded -$91,007

  • 11a · Other revenue: QUALIFIED SPONSORSHIPS

    total $41,400 · excluded $41,400

  • 11b · Other revenue: OTHER INCOME

    total $1,667 · related or exempt $1,667

  • 11e · Other revenue, total

    $43,067

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $142,808 · program services $122,919 · management and general $19,889

  • 7 · Other salaries and wages

    total $3,764,956 · program services $3,296,341 · management and general $468,615

  • 8 · Pension plan contributions

    total $81,689 · program services $71,886 · management and general $9,803

  • 9 · Other employee benefits

    total $841,244 · program services $639,346 · management and general $201,898

  • 10 · Payroll taxes

    total $297,106 · program services $261,453 · management and general $35,653

  • 11b · Fees: legal

    total $4,745 · management and general $4,745

  • 11c · Fees: accounting

    total $24,302 · management and general $24,302

  • 11g · Fees: other

    total $109,462 · management and general $109,462

  • 12 · Advertising and promotion

    total $80,811 · management and general $80,811

  • 13 · Office expenses

    total $86,727 · program services $18,645 · management and general $68,082

  • 17 · Travel

    total $10,423 · program services $6,904 · management and general $3,519

  • 20 · Interest

    total $49,922 · management and general $49,922

  • 22 · Depreciation, depletion and amortization

    total $1,228,015 · program services $1,191,174 · management and general $36,841

  • 23 · Insurance

    total $320,344 · program services $242,080 · management and general $78,264

  • 24a · Other expenses: MEDICAID - MILEAGE

    total $715,316 · program services $715,316

  • 24b · Other expenses: FUEL

    total $634,741 · program services $634,741

  • 24c · Other expenses: BUS EXPENSES

    total $432,235 · program services $432,235

  • 24d · Other expenses: E & D COSTS

    total $334,266 · program services $334,266

  • 24e · All other expenses

    total $599,934 · program services $344,405 · management and general $255,529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $173,181 · end of year $132,040

  • 2 · Savings and temporary cash investments

    beginning of year $44,453 · end of year $4,707

  • 4 · Accounts receivable

    beginning of year $689,182 · end of year $265,265

  • 8 · Inventories for sale or use

    beginning of year $131,074 · end of year $118,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,207 · end of year $118,574

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

    $22,528,780

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

    $10,919,181

  • 10c · Land, buildings and equipment, net

    beginning of year $11,479,097 · end of year $11,609,599

  • 14 · Intangible assets

    beginning of year $740 · end of year $740

  • 17 · Accounts payable and accrued expenses

    beginning of year $791,806 · end of year $735,241

  • 23 · Secured mortgages and notes payable

    beginning of year $1,364,248 · end of year $1,282,373

  • 25 · Other liabilities

    beginning of year $33,765 · end of year $34,877

  • 27 · Net assets without donor restrictions

    beginning of year $10,403,415 · end of year $10,161,088

  • 28 · Net assets with donor restrictions

    beginning of year $33,700 · end of year $35,750

Mission and programs · 2023

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 $8,311,711 · Revenue $3,572,267

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Seth Boyd

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jason Rasmussen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Randy Capitani

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joel Bluming

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Campany

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Thoemke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue Fillion

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brendan McNamara

    BOARD MEMBER (START FY24)

    Total calculated
    $0
    Hours/week
    1

  • Randy Schoonmaker

    CEO

    Total calculated
    $141,867
    From this org
    $115,326
    From related orgs
    $0
    Other
    $26,541
    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
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202540299349301019

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