Form 990 for tax year 2023
Filed by MEADOWLANDS TRANSPORTATION BROKERAGE CORP.
Totals
- Total revenue
- $7,269,046
- Total expenses
- $6,624,152
- Contributions and grants received
- $2,270,373
- Grants paid
- $0
- Program service revenue
- $4,789,758
- Investment income
- $208,523
- Other revenue
- $392
- Total assets, end of year
- $12,661,306
- Total liabilities, end of year
- $1,363,579
- Net assets or fund balances, end of year
- $11,297,727
- Program services expenses (Part IX)
- $5,463,041
- Management and general expenses
- $1,161,111
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,463,041
Program services were 82.5% 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)
$2,270,373
-
2a · Program service revenue: TRANSPORTATION BROKERAGE - PRIVATE
total $1,150,717 · related or exempt $1,150,717
-
2b · Program service revenue: TRANSPORTATION BROKERAGE - PUBLIC
total $3,639,041 · related or exempt $3,639,041
-
3 · Investment income
total $208,523 · excluded $208,523
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $392 · excluded $392
-
11e · Other revenue, total
$392
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $514,438 · program services $366,876 · management and general $147,562
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,127,679 · program services $804,214 · management and general $323,465
-
8 · Pension plan contributions
total $89,595 · program services $63,894 · management and general $25,701
-
9 · Other employee benefits
total $162,968 · program services $116,220 · management and general $46,748
-
10 · Payroll taxes
total $131,956 · program services $94,104 · management and general $37,852
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $47,110 · management and general $47,110
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $38,894 · management and general $38,894
-
12 · Advertising and promotion
total $38,643 · program services $15,844 · management and general $22,799
-
13 · Office expenses
total $132,023 · program services $39,111 · management and general $92,912
-
14 · Information technology
total $172,271 · management and general $172,271
-
15 · Royalties
total $0
-
16 · Occupancy
total $71,338 · program services $38,457 · management and general $32,881
-
17 · Travel
total $16,836 · program services $4,715 · management and general $12,121
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,105 · management and general $5,105
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $68,825 · program services $39,094 · management and general $29,731
-
23 · Insurance
total $125,959 · management and general $125,959
-
24a · Other expenses: TRANSPORTATION EXPENSES
total $1,784,342 · program services $1,784,342
-
24b · Other expenses: DRIVER EXPENSES
total $1,487,604 · program services $1,487,604
-
24c · Other expenses: VECHICLE EXPENSES
total $608,566 · program services $608,566
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $579,227 · end of year $785,554
-
2 · Savings and temporary cash investments
beginning of year $5,508,866 · end of year $3,499,514
-
3 · Pledges and grants receivable
beginning of year $590,613 · end of year $490,888
-
4 · Accounts receivable
beginning of year $314,035 · end of year $265,271
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $50,969 · end of year $70,404
-
10a · Land, buildings and equipment: cost or other basis
$5,407,039
-
10b · Land, buildings and equipment: accumulated depreciation
$3,208,484
-
10c · Land, buildings and equipment, net
beginning of year $2,217,434 · end of year $2,198,555
-
11 · Investments: publicly traded securities
beginning of year $2,262,027 · end of year $5,329,915
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $25,658 · end of year $21,205
-
17 · Accounts payable and accrued expenses
beginning of year $435,859 · end of year $653,160
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $367,493 · end of year $407,180
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $217,617 · end of year $303,239
-
27 · Net assets without donor restrictions
beginning of year $10,527,860 · end of year $11,297,727
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
IMPLEMENT INNOVATIVE TRANSPORTATION PROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF LIFE, REGIONAL MOBILITY, AND ECONOMIC OPPORTUNITY FOR PEOPLE WHILE REDUCING TRAFFIC CONGESTION AND IMPROVING AIR QUALITY.
Activities or mission (Part I)
IMPLEMENT TRANSPORTATION PROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF LIFE, REGIONAL MOBILITY AND ECONOMIC OPPORTUNITY FOR PEOPLE IN NEW JERSEY
-
DIRECT TRANSPORTATION SERVICES- EZ Ride PROVIDES TRANSPORTATION SERVICES THAT REDUCE CONGESTION AND IMPROVE THE AIR QUALITY FOR THE COMMUNITY.
Expenses $2,255,068 · Revenue $2,746,906
-
DIRECT TRANSPORTATION INFORMATION- EZ Ride PROVIDES TRANSPORTATION INFORMATION TO CLIENTS ABOUT SERVICES THAT REDUCE CONGESTION AND IMPROVE AIR QUALITY LIKE CARPOOLS, VAN POOLS, SHUTTLES, BIKE, AND PEDESTRIAN PROGRAMS.
Expenses $1,434,250
-
TRANSPORTATION MANAGEMENT - BROKERAGE SERVICES USING LYFT AND UBER FOR ADULTS 18 AND OVER
Expenses $1,773,723 · Revenue $2,042,854
As filed on the 2023 return.
Listed in Part VII
-
Krishna MurthyKRISHNA MURTHY
President & CEO
- Total calculated
- $276,646
- From this org
- $258,735
- From related orgs
- $0
- Other
- $17,911
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $238,735
- Bonus
- $20,000
- Other
- $0
- Deferred
- $14,476
- Nontaxable benefits
- $3,435
- Filer's total
- $276,646
-
Avnish GuptaAVNISH GUPTA
COO & General Counsel
- Total calculated
- $250,365
- From this org
- $226,481
- From related orgs
- $0
- Other
- $23,884
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $211,481
- Bonus
- $15,000
- Other
- $0
- Deferred
- $12,746
- Nontaxable benefits
- $11,138
- Filer's total
- $250,365
-
Perry E FrenzelPERRY E FRENZEL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Chip HallockCHIP HALLOCK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ronald E NicholsRONALD E NICHOLS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Patricia OttPATRICIA OTT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael VieiraMICHAEL VIEIRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert R CeberioROBERT R CEBERIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott BogrenSCOTT BOGREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sal GentileSAL GENTILE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas SchulzeTHOMAS SCHULZE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric Derer
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth E Hansen
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William J Heller
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hon Rebecca L Williams
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard D Tomko
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey Perlman
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William Riviere
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James KirkosJAMES KIRKOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nadereh MoiniNADEREH MOINI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Terrian Moore-Abrams EsqTERRIAN MOORE-ABRAMS ESQ
TRUSTEE
- 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 · Independent compensation consultant
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500729349300215
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