Virginia Regional Transit
- Assets
- $16.4m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 218
- Location
- Purcellville, VA
- Founding
- 08/1991
- Data as of
- 06/2021
- EIN
- 62-1441965
Organization Overview
Virginia Regional Transit is located in Purcellville, VA. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Virginia Regional Transit employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Regional 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 06/2021, Virginia Regional Transit generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $7.3m during the year ending 06/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE, PROMOTE, AND PROVIDE AN EFFICIENT SYSTEM OF PUBLIC TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION COORDINATES, PROMOTES AND PROVIDES TRANSPORATION SERVICES TO ALL CITIZENS OF THE REGION WITH EMPHASIS ON DISABLED, ELDERLY & DISADVANTAGED RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Bruce Simms President/ceo | OfficerTrustee | 40 | $161,699 |
Janet Clarke Vice Chair | OfficerTrustee | 1 | $0 |
Noel A Brown Chair | OfficerTrustee | 1 | $0 |
James W Askegren Secretary | OfficerTrustee | 1 | $0 |
Joseph L Boling Director | Trustee | 1 | $0 |
Erin Rayner Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,687,655 |
| Investment income | $4,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,310 |
| Net Gain/Loss on Asset Sales | $785 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,231,477 |
| 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. | $172,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,269,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,231 |
| Fees for services: Accounting | $31,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,714 |
| Advertising and promotion | $26,330 |
| Office expenses | $123,582 |
| Information technology | $108,247 |
| Royalties | $0 |
| Occupancy | $88,589 |
| Travel | $14,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $786,121 |
| Insurance | $376,482 |
| All other expenses | $0 |
| Total functional expenses | $7,295,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,892,573 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $658,944 |
| Accounts receivable, net | $399,752 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,424 |
| Total assets | $16,382,383 |
| Accounts payable and accrued expenses | $419,766 |
| Grants payable | $0 |
| Deferred revenue | $30,562 |
| 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 | $268,592 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $718,920 |
| 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 | $15,663,463 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Regional Transit has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Culpeper Wellness Foundation Culpeper, VA PURPOSE: FOOTHILLS EXPRESS FY 2022 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lions Services Inc Charlotte, NC | $6,497,878 | $15,970,949 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
Jack & Jill Of America Inc Washington, DC | $9,408,863 | $16,824,619 |
Jewish Community Center Of Baltimore Inc Owings Mills, MD | $10,312,244 | $15,367,290 |
Hope House Foundation Inc Norfolk, VA | $8,074,708 | $12,111,448 |
Sertoma Center Inc Knoxville, TN | $10,787,048 | $12,520,977 |
Giffords Washington, DC | $9,121,826 | $14,275,071 |
Jack And Jill Of America Incorporated Washington, DC | $8,719,734 | $12,985,357 |
Randolph Community Service Inc Randleman, NC | $1,820,869 | $8,445,154 |
Virginia Regional Transit Purcellville, VA | $16,382,383 | $8,231,477 |
Jaars Inc Waxhaw, NC | $12,433,340 | $6,450,483 |
Lynchburg South Lodge No 1727 Loyal Order Of The Moose Lynchburg, VA | $3,317,172 | $6,195,077 |