River Bend Transit
- Assets
- $9.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 124
- Location
- Davenport, IA
- Founding
- 11/1981
- Data as of
- 06/2023
- 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 06/2023, River Bend Transit employed 124 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 06/2023, River Bend Transit generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 7.4% per year over the past 8 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
2023
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 | $122,668 |
Sherli Childers Director Of | Officer | 40 | $84,904 |
Dan Lowe Dir. Of Oper | Officer | 40 | $67,462 |
Mike Bixler Board Member | Trustee | 0.5 | $0 |
Ronald Boesch Board Member | Trustee | 0.5 | $0 |
Tom Dryg Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,095,570 |
| 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 | $1,095,570 |
| Total Program Service Revenue | $3,706,560 |
| Investment income | $128,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,964,942 |
| 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. | $277,210 |
| Compensation of current officers, directors, key employees. | $77,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,500,944 |
| Pension plan accruals and contributions | $43,355 |
| Other employee benefits | $26,336 |
| Payroll taxes | $249,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168 |
| Fees for services: Accounting | $36,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,107 |
| Fees for services: Other | $4,178 |
| Advertising and promotion | $12,431 |
| Office expenses | $125,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $750,711 |
| Insurance | $415,664 |
| All other expenses | $7,385 |
| Total functional expenses | $5,141,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,667 |
| Prepaid expenses and deferred charges | $79,863 |
| Net Land, buildings, and equipment | $2,586,264 |
| Investments—publicly traded securities | $5,675,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,826 |
| Total assets | $9,681,216 |
| Accounts payable and accrued expenses | $317,304 |
| 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 | $46,826 |
| Total liabilities | $364,130 |
| Net assets without donor restrictions | $8,178,114 |
| Net assets with donor restrictions | $1,138,972 |
| 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 | $9,681,216 |