Hourcar
- Assets
- $749.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Saint Paul, MN
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-4740695
Organization Overview
Hourcar is located in Saint Paul, MN. The organization was established in 2017. 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 12/2021, Hourcar employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hourcar 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 12/2021, Hourcar generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
HOURCAR'S MISSION IS TO PROVIDE AFFORDABLE, ACCESSIBLE, AND SUSTAINABLE SHARED MOBILITY CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, HOURCAR OPERATED A FLEET OF APPROXIMATELY 45 VEHICLES. ACCORDING TO RESEARCH BY THE TRANSPORTATION SUSTAINABILITY RESEARCH COUNCIL IN BERKELEY, CALIFORNIA, EVERY CARSHARING VEHICLE PLACED IN SERVICE TAKES AN AVERAGE 9-13 PRIVATELY OWNED VEHICLES OFF THE ROAD. IN ADDITION, CARSHARING VEHICLES ARE ON AVERAGE 10 MPG MORE FUEL EFFICIENT THAN PERSONALLY OWNED VEHICLES. OPERATION OF THE FLEET HAS RESULTED IN SIGNIFICANT REDUCTION OF TAILPIPE EMISSIONS, REDUCED CONGESTION, AND ENHANCED QUALITY OF LIFE FOR RESIDENTS OF THE TWIN CITIES. IN 2021, HOURCAR LAUNCHED A NEW QUALIFIED LOW-INCOME RATE PROGRAM, ACCESS PLUS. HOUSEHOLDS EARNING LESS THAN 50 OF AREA MEDIAN INCOME ARE ELIGIBLE FOR THIS PROGRAM, WHICH OFFERS WAIVED REGISTRATION FEES, OUR LOWEST RATES, A COMPLEMENTARY DAMAGE FEE WAIVER, AND $6 IN MONTHLY DRIVING CREDIT, ALL FOR $1 A MONTH. THIS NEW RATE STRUCTURE IS DESIGNED TO MAKE CARSHARING MORE ACCESSIBLE AND IMPROVE TRANSPORTATION OPTIONS FOR LOW-INCOME COMMUNITIES. IN PARTNERSHIP WITH THE CITIES OF SAINT PAUL AND MINNEAPOLIS AND XCEL ENERGY, HOURCAR PILOTED A NEW ALL-ELECTRIC CARSHARING SERVICE LINE WITH A FOCUS ON SERVICE TO LOW-INCOME AND DIVERSE NEIGHBORHOODS. WE LAUNCHED THE PILOT, FEATURING 101 CHEVY BOLTS, IN AUGUST, BUT HAD TO SHUT IT DOWN IN SEPTEMBER DUE TO THE CHEVY. WE PLAN TO RELAUNCH IN EARLY 2022. THIS PROJECT WILL INCREASE OUR IMPACT IN TERMS OF EMISSIONS REDUCTIONS AND PROVIDING FLEXIBLE AND AFFORDABLE TRANSPORTATION OPTIONS FOR PEOPLE WHO CANNOT AFFORD TO OWN A CAR OR WHO CHOOSE NOT TO OWN ONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schroeder CEO | Officer | 40 | $94,223 |
Kevin Lawless President | OfficerTrustee | 2 | $0 |
Alexander Potter Treasurer | OfficerTrustee | 2 | $0 |
Will Schroeer Secretary | OfficerTrustee | 2 | $0 |
Anjali Bains Director | Trustee | 2 | $0 |
Saif Benjafaar Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,468 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,110,649 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,247,117 |
| Total Program Service Revenue | $548,918 |
| 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 | $1,812,523 |
| 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. | $96,871 |
| Compensation of current officers, directors, key employees. | $19,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $653,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,160 |
| Payroll taxes | $56,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,316 |
| Fees for services: Accounting | $54,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,861 |
| Advertising and promotion | $0 |
| Office expenses | $33,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,905 |
| 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 | $98,989 |
| Insurance | $17,991 |
| All other expenses | $0 |
| Total functional expenses | $1,849,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,296 |
| Accounts receivable, net | $5,523 |
| 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 | $70,378 |
| Net Land, buildings, and equipment | $287,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000 |
| Other assets | $0 |
| Total assets | $749,324 |
| Accounts payable and accrued expenses | $136,013 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $636,013 |
| Net assets without donor restrictions | -$136,689 |
| Net assets with donor restrictions | $250,000 |
| 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 | $749,324 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hourcar has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $30,000 |
Lake Street Council Minneapolis, MN PURPOSE: General Support | $20,000 |
United States Energy Foundation San Francisco, CA PURPOSE: TO PROMOTE EDUCATION AND ANALYSIS TO ADVANCE CLEAN ENERGY AND ENERGY EFFICIENCY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newtrax Incorporated White Bear Lake, MN | $2,612,378 | $4,771,410 |
Bis-Man Transit Board Bismarck, ND | $3,777,287 | $5,270,613 |
West River Transit Authority Inc Spearfish, SD | $8,884,613 | $3,274,587 |
Hourcar Saint Paul, MN | $749,324 | $1,812,523 |
Paul Bunyan Transit Bemidji, MN | $3,896,473 | $1,271,346 |
Brookings Area Transit Authority Brookings, SD | $2,298,760 | $1,986,121 |
Independent Living Inc Madison, WI | $0 | $1,146,589 |
West River Transit Bismarck, ND | $2,143,604 | $986,290 |
Community Transit Inc Sisseton, SD | $0 | $1,111,719 |
Peoples Transit Huron, SD | $1,435,440 | $988,075 |
Washington County Mini Bus Inc Washington, IA | $1,053,627 | $704,288 |
Southwest Transportation Services Bowman, ND | $380,906 | $400,071 |