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Nonprofiteer
← VIRGINIA RIDES

Form 990 for tax year 2024

Filed by VIRGINIA RIDES.

Totals

Total revenue
$2,688,622
Total expenses
$2,522,833
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,684,632
Investment income
$3,228
Other revenue
$762
Total assets, end of year
$1,215,975
Total liabilities, end of year
$406,548
Net assets or fund balances, end of year
$809,427
Program services expenses (Part IX)
$2,274,964
Management and general expenses
$247,869
Fundraising expenses
$0
Program service expenses (Part III)
$2,274,964

Program services were 90.2% 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.

  • 2a · Program service revenue: CONTRACT REVENUE

    total $2,684,632 · related or exempt $2,684,632

  • 3 · Investment income

    total $2,418 · excluded $2,418

  • 7a · Gross sales of assets other than inventory

    other assets $810

  • 7c · Gain or loss

    other assets $810

  • 7d · Net gain or loss

    total $810 · excluded $810

  • 11a · Other revenue: OTHER REVENUE

    total $762 · excluded $762

  • 11e · Other revenue, total

    $762

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $11,825 · management and general $11,825

  • 11c · Fees: accounting

    total $11,750 · management and general $11,750

  • 12 · Advertising and promotion

    total $20,793 · program services $20,793

  • 13 · Office expenses

    total $44,743 · program services $38,572 · management and general $6,171

  • 14 · Information technology

    total $18,936 · program services $18,936

  • 17 · Travel

    total $16,690 · program services $16,690

  • 20 · Interest

    total $3,821 · program services $3,821

  • 22 · Depreciation, depletion and amortization

    total $73,556 · program services $73,556

  • 23 · Insurance

    total $217,581 · program services $217,581

  • 24a · Other expenses: LEASED PERSONNEL

    total $1,580,022 · program services $1,362,093 · management and general $217,929

  • 24b · Other expenses: VEHICLE OPERATION

    total $464,257 · program services $464,257

  • 24c · Other expenses: PARKING

    total $26,787 · program services $26,787

  • 24d · Other expenses: HIRING

    total $12,822 · program services $12,822

  • 24e · All other expenses

    total $19,250 · program services $19,056 · management and general $194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $560,234 · end of year $737,120

  • 4 · Accounts receivable

    beginning of year $52,024 · end of year $120,612

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,224

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

    $1,595,780

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

    $1,237,537

  • 10c · Land, buildings and equipment, net

    beginning of year $171,191 · end of year $358,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,694 · end of year $194,672

  • 19 · Deferred revenue

    beginning of year $1,650 · end of year $908

  • 23 · Secured mortgages and notes payable

    beginning of year $71,718 · end of year $197,105

  • 25 · Other liabilities

    beginning of year $36,973 · end of year $13,863

  • 27 · Net assets without donor restrictions

    beginning of year $643,638 · end of year $809,427

Mission and programs · 2024

Mission

VR OPERATES TO BENEFIT VIRGINIA REGIONAL TRANSIT, A PUBLIC CHARITY AND AN ORGANIZATION EXEMPT FROM TAXATION UNDER IRC SECTION 501(C)(3), BY PROVIDING TRANSIT SERVICES (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

VIRGINIA RIDES IS ORGANIZED TO BENEFIT & SUPPORT VIRGINIA REGIONAL TRANSIT, A 501C3 PUBLIC CHARITY.

  • VIRGINIA RIDES PROVIDES PUBLIC TRANSPORTATION UNDER CONTRACT.

    Expenses $2,274,964 · Revenue $2,684,632

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • E BRUCE SIMMS

    PRESIDENT/CE

    Total calculated
    $239,408
    From this org
    $0
    From related orgs
    $202,766
    Other
    $36,642
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    not reported + $167,167 related
    Bonus
    not reported + $17,028 related
    Other
    not reported + $18,571 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $36,642 related
    Filer's total
    not reported + $239,408 related

  • NOEL A BROWN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JANET CLARKE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ERIN RAYNER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES ASKEGREN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANDREW GREENFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIN MCCANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAELYN MULLANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA PEACOCK

    DIRECTOR

    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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2026
IRS schema version
2024v5.0
Source object
202611139349301126

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