Indianapolis Public Transportation Foundation Inc
- Assets
- $116.1k
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2474739
Organization Overview
Indianapolis Public Transportation Foundation Inc is located in Indianapolis, IN. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Public Transportation Foundation 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 12/2021, Indianapolis Public Transportation Foundation Inc generated $438.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $400.1k 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
THE MISSION OF THE INDIANAPOLIS PUBLIC TRANSPORTATION FOUNDATION IS TO HELP OUR COMMUNITY THRIVE BY CONNECTING PEOPLE THROUGH ACCESSIBLE, EQUITABLE, AND INCLUSIVE MOBILITY SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE ORGANIZATION RAISED $60,511 TO ASSIST INDYGO WITH THE INSTALLATION OF WEATHER SHELTERS OR OTHER BUS STOP ENHANCEMENTS. PROGRAM AREAS FOCUS ON REDUCING FINANCIAL AND PHYSICAL BARRIERS TO PUBLIC TRANSPORTATION IN MARION COUNTY. THE ORGANIZATION CREATED 939 31-DAY PASS INCENTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adairius Gardner Board Secretary Treasurer | OfficerTrustee | 1 | $0 |
Richard H Wilson Jr Board Chair | OfficerTrustee | 1 | $0 |
Lacey Everett Board Vice Chair | OfficerTrustee | 1 | $0 |
Emily Meaux Executive Director | Officer | 40 | $0 |
Barbara Malone Board Member | Trustee | 1 | $0 |
Jeffrey Mittman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,825 |
| Related organizations | $0 |
| Government grants | $367,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $197,568 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,398 |
| Total Program Service Revenue | $0 |
| Investment income | $8,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,511 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $194,393 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $378 |
| Fees for services: Other | $32,350 |
| Advertising and promotion | $0 |
| Office expenses | $4,091 |
| Information technology | $2,618 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $467 |
| Interest | $559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $400,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $302 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,959 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,111 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $116,111 |
| Total liabilities and net assets/fund balances | $116,111 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indianapolis Public Transportation Foundation Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Enhancing Equitable and Accessible Public Transpor | $30,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $8,000 |
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 |
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 |
Madison Airport Board Inc Richmond, KY | $11,974,665 | $436,693 |
Plasterers And Cement Masons Apprenitceship Train Fund Loc 692 Merrillville, IN | $1,772,992 | $732,233 |
Indianapolis Public Transportation Foundation Inc Indianapolis, IN | $116,111 | $438,558 |
Loop Trolley Company Saint Louis, MO | $143,096 | $397,341 |
Greenup-Boyd Riverport Authority Greenup, KY | $5,286,277 | $314,362 |
Illinois Public Transit Association Springfield, IL | $317,845 | $322,066 |
Lextran Real Properties Inc Lexington, KY | $13,572,971 | $206,521 |