Transportation Education Fund Inc
- Assets
- $645.6k
- Revenue
- $515.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/1983
- Data as of
- 11/2022
- EIN
- 39-1417418
Organization Overview
Transportation Education Fund Inc is located in Madison, WI. The organization was established in 1983. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transportation Education Fund Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2022, Transportation Education Fund Inc generated $515.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $372.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Transportation Education Fund Inc has awarded 23 individual grants totaling $3,238,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTATION EDUCATION FUND, INC. PROMOTES, RESEARCHES, STUDIES, AND TABULATES AND DISSEMINATES INFORMATION TO BETTER THE UNDERSTANDING AND ENHANCEMENT OF THE TRANSPORTATION SYSTEM AND THE TRANSPORTATION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION EDUCATION FUND ACCEPTS ASSESSMENTS FROM WISCONSIN ROAD CONSTRUCTION CONTRACTORS TO SUPPORT THE TRANSPORTATION DEVELOPMENT ASSOCIATION, AN EXEMPT ORGANIZATION INVOLVED IN THE PROMOTION OF SOUND TRANSPORTATION POLICIES THROUGHOUT WISCONSIN.TRANSPORTATION EDUCATION FUND ACCEPTS CONTRIBUTIONS FROM WISCONSIN ROAD CONSTRUCTION CONTRACTORS AND SUPPLIERS TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN ENGINEERING AND ENGINEERING TECHNICIAN PROGRAMS AT POST SECONDARY INSTITUTIONS SUCH AS UNIVERSITIES AND TECHNICAL COLLEGES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Kennedy Vice President | OfficerTrustee | 1 | $0 |
Tim Peterson President | OfficerTrustee | 1 | $0 |
Steve Baas Secretary/treasurer | Officer | 1 | $0 |
Jeff Peterson Director | Trustee | 1 | $0 |
Dan Weinkauf Director | Trustee | 1 | $0 |
Ryan Pheifer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,150 |
| Total Program Service Revenue | $344,743 |
| Investment income | $1,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,000 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,750 |
| Advertising and promotion | $0 |
| Office expenses | $1,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,171 |
| All other expenses | $310 |
| Total functional expenses | $372,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,624 |
| Savings and temporary cash investments | $161,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,817 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $645,589 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $645,589 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $645,589 |
Grants Awarded
Over the last fiscal year, Transportation Education Fund Inc has awarded $345,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: GENERAL SUPPORT | $330,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Community Bankers Of America Sauk Centre, MN | $290,014,074 | $45,994,592 |
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
Sauget Sanitary Development & Research Association Sauget, IL | $2,077,489 | $11,379,905 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Michigan Credit Union League Plymouth, MI | $88,338,400 | $4,235,709 |
Michigan Townships Association Lansing, MI | $8,385,951 | $4,347,332 |
Minnesota Bankers Association Eden Prairie, MN | $8,043,309 | $3,421,584 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Minnesota Rural Water Association Elbow Lake, MN | $3,077,826 | $3,261,922 |
Amalgamated Social Benefits Association Chicago, IL | $4,079,204 | $2,494,451 |
Michigan Rural Water Association Okemos, MI | $1,869,015 | $2,731,981 |
Minnesota Telephone Association Inc Stpaul, MN | $1,279,282 | $1,707,745 |