Form 990 for tax year 2022
Filed by INSTITUTE FOR AFFORDABLE TRANSPORTATION INC.
Totals
- Total revenue
- $370,756
- Total expenses
- $386,866
- Contributions and grants received
- $333,319
- Grants paid
- $0
- Program service revenue
- $5,264
- Investment income
- $15
- Other revenue
- $32,158
- Total assets, end of year
- $347,473
- Total liabilities, end of year
- $17,809
- Net assets or fund balances, end of year
- $329,664
- Program services expenses (Part IX)
- $324,201
- Management and general expenses
- $55,231
- Fundraising expenses
- $7,434
- Program service expenses (Part III)
- $324,201
Program services were 83.8% 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.
-
1f · All other contributions, gifts and grants
$333,319
-
1g · Noncash contributions included above
$47,323
-
2a · Program service revenue: SALES OF PARTS
total $5,264 · related or exempt $5,264
-
3 · Investment income
total $15 · related or exempt $15
-
11a · Other revenue: OTHER INCOME
total $32,158 · related or exempt $32,158
-
11e · Other revenue, total
$32,158
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $98,666 · program services $84,854 · management and general $6,906 · fundraising $6,906
-
7 · Other salaries and wages
total $74,929 · program services $74,929
-
8 · Pension plan contributions
total $2,778 · program services $2,778
-
10 · Payroll taxes
total $20,217 · program services $19,161 · management and general $528 · fundraising $528
-
11b · Fees: legal
total $1,736 · management and general $1,736
-
11c · Fees: accounting
total $2,359 · management and general $2,359
-
11g · Fees: other
total $2,427 · program services $2,427
-
12 · Advertising and promotion
total $1,823 · management and general $1,823
-
13 · Office expenses
total $6,726 · management and general $6,726
-
17 · Travel
total $9,266 · program services $9,266
-
22 · Depreciation, depletion and amortization
total $5,914 · management and general $5,914
-
23 · Insurance
total $4,633 · management and general $4,633
-
24a · Other expenses: DONATED GOODS AND SERVICES
total $47,323 · program services $47,323
-
24b · Other expenses: BUV PARTS & RELATED EXPENSES
total $63,957 · program services $63,957
-
24c · Other expenses: AUTOMOBILE EXPENSE
total $3,576 · management and general $3,576
-
24d · Other expenses: POSTAGE
total $1,856 · management and general $1,856
-
24e · All other expenses
total $38,680 · program services $19,506 · management and general $19,174
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $202,545 · end of year $162,376
-
2 · Savings and temporary cash investments
beginning of year $116,020 · end of year $61,034
-
7 · Other notes and loans receivable
end of year $30,000
-
8 · Inventories for sale or use
beginning of year $45,000 · end of year $85,000
-
9 · Prepaid expenses and deferred charges
beginning of year $1,500 · end of year $193
-
10a · Land, buildings and equipment: cost or other basis
$35,910
-
10b · Land, buildings and equipment: accumulated depreciation
$27,040
-
10c · Land, buildings and equipment, net
beginning of year $14,784 · end of year $8,870
-
17 · Accounts payable and accrued expenses
beginning of year $5,551 · end of year $17,809
-
24 · Unsecured notes and loans payable
beginning of year $28,524
-
27 · Net assets without donor restrictions
beginning of year $345,774 · end of year $329,664
Mission and programs · 2022
Mission
TO DRIVE HOPE, CONNECT PEOPLE AND TRANSFORM LIVES THROUGH RURAL TRANSPORT SOLUTIONS.
-
We continue to collaborate with our partner in Benin as they build BUVs there. Besides sending outcomplete BUVs, we sent 8 BUV kits and equipment to South Sudan to be built there. We also sent 2 kits to Zambia to be built there. We sent 4 BUVs to Cameroon and trained a Cameroonian on BUV assembly and service. We visitedpartners in Uganda and worked with Uganda Customs to release several diesel engines for our existingcustomers. We worked with our partner EMI to construct a mobile BUV workshop in Kampala based ona 40 high cube container. We displayed at the Urbana Missions Conference and the Global Health Missions Conference. We also displayed at the Indiana State Fair for nearly 4 weeks to raise awareness of rural transportation challenges in Africa and beyond.
Expenses $324,201
As filed on the 2022 return.
Listed in Part VII
-
Will AustinWILL AUSTIN
EXECUTIVE DIRECTOR
- Total calculated
- $98,666
- From this org
- $98,666
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mike PrattMIKE PRATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Awujoola ItauAWUJOOLA ITAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David OlawaleDAVID OLAWALE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Doug McColginDOUG MCCOLGIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Wes GerbigWES GERBIG
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Ralph MeyerRALPH MEYER
TREASURER
- Total calculated
- $0
- Hours/week
- 5
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
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349318661
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