River Bend Transit
- Assets
- $9.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 115
- Location
- Davenport, IA
- Founding
- 11/1981
- Data as of
- 06/2022
- EIN
- 42-1014552
Organization Overview
River Bend Transit is located in Davenport, IA. The organization was established in 1981. 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, River Bend Transit employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Bend Transit 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 06/2022, River Bend Transit generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AGENCY PROVIDES TRANSPORTATION SERVICES FOR THE ELDERLY, DISABLED AND GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF DAVENPORT - PUBLIC TANSPORTATION FOR SENIORS, DISABLED AND THE GENERAL PUBLIC DAVENPORT COMMUNITY SCHOOL DISTRICT - PUBLIC TANSPORTATION FOR CHILDREN WITH AN IEP HANDICAPPED DEVELOPMENT CENTER - PUBLIC TANSPORTATION FOR THE DISABLED WAIVER & NEMT - PUBLIC TANSPORTATION FOR THE MEDICAID PASSENGERS CITY OF BETTENDORF - PUBLIC TRANSPORTATION FOR SENIORS, DISABLED AND THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Zobrist Executive Di | Officer | 40 | $120,183 |
Sherli Childers Director Of | Officer | 40 | $80,755 |
Dan Lowe Man. Of Oper | Officer | 40 | $61,659 |
Jeff Lockwood Treasurer | OfficerTrustee | 0.5 | $0 |
Scott Sauer Board Chairm | OfficerTrustee | 0.5 | $0 |
Tina Plett-Kalainoff Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,158,571 |
| 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 | $1,158,571 |
| Total Program Service Revenue | $2,652,826 |
| Investment income | $114,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $248,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,186,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $267,395 |
| Compensation of current officers, directors, key employees. | $78,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,283,257 |
| Pension plan accruals and contributions | $37,749 |
| Other employee benefits | $30,323 |
| Payroll taxes | $227,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,133 |
| Fees for services: Other | $24 |
| Advertising and promotion | $12,670 |
| Office expenses | $111,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $789,706 |
| Insurance | $367,203 |
| All other expenses | $8,943 |
| Total functional expenses | $4,791,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $319,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,689 |
| Prepaid expenses and deferred charges | $157,016 |
| Net Land, buildings, and equipment | $3,176,368 |
| Investments—publicly traded securities | $5,107,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,319,311 |
| Accounts payable and accrued expenses | $269,247 |
| 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 | $269,247 |
| Net assets without donor restrictions | $7,407,262 |
| Net assets with donor restrictions | $1,642,802 |
| 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 | $9,319,311 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that River Bend Transit has recieved totaling $25.
| Awarding Organization | Amount |
|---|---|
Weigle Family Foundation Bettendorf, IA PURPOSE: GENERAL | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Streetcar Authority Kansas City, MO | $8,885,996 | $11,743,914 |
Southeast Missouri Transportation Service Inc Fredericktown, MO | $9,570,736 | $6,790,437 |
Community Coordinated Transportation System Pierre, SD | $5,878,312 | $7,521,108 |
River Bend Transit Davenport, IA | $9,319,311 | $4,186,060 |
Regional Transit Authority Art Spencer, IA | $7,517,600 | $4,155,942 |
Community Transit Of Watertown Sisseton Inc Watertown, SD | $3,177,219 | $3,067,367 |
Delaware Dubuque And Jackson County Regional Transit Authority Dubuque, IA | $3,802,358 | $1,866,113 |
Nice Ride Minnesota Minneapolis, MN | $986,583 | $586,510 |
Galesburg Transit I Corporation Galesburg, IL | $176,336 | $958,966 |
Citizens For Modern Transit St Louis, MO | $3,588,713 | $989,959 |
Westside Intermodal Transportation Corporation Kansas City, MO | $2,131,375 | $735,793 |
Downtown Minneapolis Transportation Management Organization Minneapolis, MN | $362,523 | $509,033 |