Valley Transit
- Assets
- $2.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 35
- Location
- Wasilla, AK
- Founding
- 11/1999
- Data as of
- 06/2022
- EIN
- 92-0166625
Organization Overview
Valley Transit is located in Wasilla, AK. The organization was established in 1999. 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 06/2022, Valley Transit employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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 06/2022, Valley Transit generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 12.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PUBLIC TRANSPORTATION TO THE MATANUSKA-SUSITNA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUTER SERVICES - PROVIDE TRANSPORTATION SERVICES BETWEEN ANCHORAGE AND THE MAT-SU VALLEY FOR INDVIDUALS.
DEMAND SERVICES - PROVIDE PUBLIC TRANSPORTATION AND MOBILITY TO MATANUSKA- SUSITNA COMMUNITY WITH PRIMARY EMPHASIS ON LOW-INCOME RIDERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Busch Executive Di | Officer | 40 | $101,469 |
Margaret Billinger Vice Preside | OfficerTrustee | 2 | $0 |
Paul Beer President | OfficerTrustee | 2 | $0 |
Robert Walden Director | Trustee | 2 | $0 |
Norman Bouchard Director | Trustee | 2 | $0 |
Benjamin Coleman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,641,891 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,971,046 |
| Total Program Service Revenue | $172,094 |
| Investment income | $95 |
| 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 | $2,143,235 |
| 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. | $104,172 |
| Compensation of current officers, directors, key employees. | $34,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $777,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,114 |
| Payroll taxes | $75,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,816 |
| Office expenses | $15,084 |
| Information technology | $50,416 |
| Royalties | $0 |
| Occupancy | $178,728 |
| 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 | $59,947 |
| Insurance | $87,542 |
| All other expenses | $2,918 |
| Total functional expenses | $1,935,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,996 |
| Savings and temporary cash investments | $100,038 |
| Pledges and grants receivable | $846,084 |
| 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 | $111,084 |
| Net Land, buildings, and equipment | $173,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,078 |
| Other assets | $0 |
| Total assets | $1,983,601 |
| Accounts payable and accrued expenses | $142,008 |
| Grants payable | $0 |
| Deferred revenue | $3,413 |
| 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 | $304,056 |
| Total liabilities | $449,477 |
| Net assets without donor restrictions | $1,198,488 |
| Net assets with donor restrictions | $335,636 |
| 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 | $1,983,601 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Transit has recieved totaling $290,200.
| Awarding Organization | Amount |
|---|---|
The Valley Hospital Association Inc Wasilla, AK PURPOSE: PROGRAM SUPPORT/HEALTHY FAMILIES | $290,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Transit Wasilla, AK | $1,983,601 | $2,143,235 |
Urban Mobility Group Seattle, WA | $1,323,100 | $1,479,262 |
Sitka Trail Works Sitka, AK | $236,138 | $812,231 |
Washington State Transit Association Olympia, WA | $917,919 | $823,198 |
Fairbanks Area Surface Transportation Planning Fairbanks, AK | $888,606 | $530,706 |
San Juan Islands Shuttle System Friday Harbor, WA | $651,506 | $811,847 |
Downtown On The Go Tacoma, WA | $97,229 | $312,378 |
Merc Playhouse Society Twisp, WA | $488,948 | $0 |
Chinese Reconciliation Project Foundation Tacoma, WA | $321,412 | $0 |
Vision Mercer Island Mercer Island, WA | $21,150 | $10,245 |