Tri-County Busing Inc
- Assets
- $985.4k
- Revenue
- $901.5k
- Investments
- $0.0
- Employees
- 34
- Location
- Cadillac, MI
- Founding
- 07/1980
- Data as of
- 06/2021
- EIN
- 38-6096460
Organization Overview
Tri-County Busing Inc is located in Cadillac, MI. The organization was established in 1980. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Tri-County Busing Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Busing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Tri-County Busing Inc generated $901.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $793.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTING CHILDREN WITH SPECIAL NEEDS TO AND FROM SPECIAL EDUCATION CLASSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AND MAINTAINING SCHOOL BUSES FOR TRANSPORTING CHILDREN WITH SPECIAL NEEDS TO AND FROM SPECIAL EDUCATION CLASSES. CLASSES ARE HELD AT FACILITIES PROVIDED BY WEXFORD-MISSAUKEE INTERMEDIATE SCHOOL DISTRICT. APPROXIMATELY 100 STUDENTS ARE TRANSPORTED DAILY USING TEN SCHOOL BUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Smith Trustee | Trustee | 3 | $6,163 |
Emily Hamilton-Hutchings Secretary | OfficerTrustee | 3 | $2,843 |
Michael J Smith Treasurer | OfficerTrustee | 16 | $1,088 |
Gregory D Beaudoin President | OfficerTrustee | 1 | $1,013 |
Marilyn Zmudzinski Trustee | Trustee | 1 | $1,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,950 |
| Fees for services: Accounting | $48,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $3,122 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,013 |
| Travel | $1,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $593 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,415 |
| Insurance | $42,448 |
| All other expenses | $0 |
| Total functional expenses | $793,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $985,408 |
| Accounts payable and accrued expenses | $1,411 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,411 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $983,997 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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M-2 Rail Detroit, MI | $116,029,354 | $41,676,501 |
Huron Transit Corporation Thumb Area Transit Bad Axe, MI | $6,017,153 | $5,346,037 |
Oscoda-Wurtsmith Airport Authority Oscoda, MI | $44,123,314 | $2,449,059 |
Ddp Bike Share Corporation Detroit, MI | $1,018,187 | $1,904,657 |
International Safe Transit Association East Lansing, MI | $3,378,946 | $2,000,648 |
South Central Ohio Transit Hillsboro, OH | $984,138 | $1,105,343 |
Michigan Transportation Connection East Lansing, MI | $178,070 | $749,243 |
Tri-County Busing Inc Cadillac, MI | $985,408 | $901,544 |
Michigan Public Transit Assn Inc East Lansing, MI | $611,688 | $672,747 |
Ohio Public Transit Association Columbus, OH | $265,769 | $493,017 |
Plasterers And Cement Masons Apprenitceship Train Fund Loc 692 Merrillville, IN | $1,772,992 | $732,233 |