Colorado Valley Transit Inc
- Assets
- $1.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 30
- Location
- Columbus, TX
- Founding
- 01/1987
- Data as of
- 08/2023
- EIN
- 74-2415478
Organization Overview
Colorado Valley Transit Inc is located in Columbus, TX. The organization was established in 1987. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. As of 08/2023, Colorado Valley Transit Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Valley Transit 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 08/2023, Colorado Valley Transit Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.5m during the year ending 08/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRANSPORTATION OF THE ELDERLY/NEEDY TRANSPORTATION OF THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSFER OF ELDERLY/NEEDED OR APPROXIMATELY 45 PERSONS
TRANSPORTATION FOR THE ELDERLY/NEEDEY 45,000 CLIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanne Hartley Member | Trustee | $0 | |
Ms Nora Hodges Member | Trustee | $0 | |
Mrs Felicia Matthews Member | Trustee | $0 | |
Mr Sammy Miller Treasurer | Trustee | $0 | |
Mrs Marilyn Sebesta Member | Trustee | $0 | |
Mrs Phyllis Toliver Chair | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,945,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,999,355 |
| Total Program Service Revenue | $53,997 |
| Investment income | $0 |
| 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 | $2,053,352 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,114,303 |
| Pension plan accruals and contributions | $81,396 |
| Other employee benefits | $261,803 |
| Payroll taxes | $72,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,816 |
| 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 | $192,273 |
| Insurance | $0 |
| All other expenses | $118,575 |
| Total functional expenses | $2,535,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,825 |
| Accounts receivable, net | $0 |
| 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 | $29,592 |
| Net Land, buildings, and equipment | $908,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,353,040 |
| Accounts payable and accrued expenses | $143,491 |
| 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 | $143,491 |
| Net assets without donor restrictions | $301,544 |
| Net assets with donor restrictions | $908,005 |
| 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 | $1,353,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Span Incorporated Denton, TX | $3,289,927 | $5,077,644 |
Colorado Valley Transit Inc Columbus, TX | $1,353,040 | $2,053,352 |
Eastland County Open Door Cisco, TX | $2,554,473 | $1,236,142 |
Southwest Vipassana Association Inc Bedford, TX | $5,145,250 | $682,167 |
Ride Share Austin Austin, TX | $5,031,362 | $0 |
Southern Dallas Link Inc Desoto, TX | $161,851 | $358,393 |
Texas Special Childrens Projects Inc Longview, TX | $39,222 | $205,948 |
Pilots For Patients Monroe, LA | $1,156,087 | $427,056 |
Freedom Mobility Foundation Southlake, TX | $33,933 | $212,742 |
Drive A Senior Network Austin, TX | $0 | $41,573 |
Bay Area Houston Transportation Partnership Webster, TX | $31,463 | $0 |
Philip Foundation International Houston, TX | $1,815 | $0 |
Chariot Bus Lines Athens, TX | $15,934 | $0 |
New Beginning Of Restoration & Hope Mobile Services Lampasas, TX | $255,294 | $0 |
Itncentral Oklahoma Oklahoma City, OK | $38,731 | $0 |
Hot Springs Village Transportion Group Hot Springs Village, AR | $111,403 | $0 |
Kavs Transport Ponchatoula, LA | $0 | $0 |
Bikes For Change Dallas, TX | $0 | $0 |