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The Transit System INC FY2023 filing

Tax-deductible

Glen Rose, TX501(c)(3)UnclassifiedEIN 75-1871831Revenue $2.1M in FY2023

On file with the IRSPo Box 332, 76043-0332 · Glen Rose, TXTax-exempt since Nov 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Transportation to rural areas of somervell and hood counties in texas, enhancing access of persons to health care, employment and public services.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $322K a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$75K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+35% vs prior year
Spent
$1.5M
To programs
85%
Net assets
$3.1M
By yearFY2021–FY2025
Revenue
$2.1M
FY2023▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.9M
FY2022$1.5M
FY2023$2.1M
FY2024$1.7M
FY2025$2.1M
Expenses
$1.5M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M
FY2025$1.8M
Net assets
$3.1M
FY2023▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.3M
FY2022$2.5M
FY2023$3.1M
FY2024$3.1M
FY2025$3.4M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.3M Management & general 15% · $221K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Chris Coffman
Vice Chairma
$0Pt VII · Sec A
Dennis Moore
Secretary
$0Pt VII · Sec A
Jeanelle Tuuk
Parlimentari
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Transit System INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides transportation to rural areas for healthcare, jobs, and public services.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2022
01

Transportation to rural areas of somervell and hood counties in texas, enhancing access of persons to health care, employment and public services.

$1.3Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$270K
Other incomeLn 4–11$5K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$221K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.1M
LiabilitiesLn 26$75K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$1.8M
Noncash giftsLn 1g$12K
Fees for servicesLn 2g$270K
Investment incomeLn 3$3K
Other incomeLn 4–11$5K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$200K
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$3.1M
LiabilitiesLn 26$75K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 521
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$961K$1.2M
Land, buildings, equipmentLn 10c$1.4M$1.7M
Total assetsLn 16$2.6M$3.1M
LiabilitiesLn 26$64K$75K
Net assetsLn 32$2.5M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$69K$69K
Other salaries and wagesLn 7$529K$496K$33K
Pension plan contributionsLn 8$8K$6K$2K
Other employee benefitsLn 9$101K$76K$25K
Payroll taxesLn 10$46K$38K$8K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$21K$21K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$19K$19K
Information technologyLn 14$62K$40K$22K
OccupancyLn 16$18K$15K$3K
TravelLn 17$2K$2K$199
Depreciation, depletion and amortizationLn 22$299K$299K
InsuranceLn 23$93K$77K$16K
Other expenses (24a–d)Ln 24$221K$219K$2K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$1.5M$1.3M$221K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$1.8M$268K$3.4M 990 PDF
FY2024 $1.7M$1.6M$62K$3.1M 990 PDF
FY2023 Viewing $2.1M$1.5M$543K$3.1M 990 PDF
FY2022 $1.5M$1.3M$201K$2.5M 990 PDF
FY2021 $1.9M$1.3M$535K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,056,492 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,322,619$1,778,976
I-9 Program service revenuePrior year $195,023$269,904
I-10 Investment incomePrior year $1,385$2,657
I-11 Other revenuePrior year $8,345$4,955
I-12 Total revenuePrior year $1,527,372$2,056,492
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $708,392$752,045
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $617,749$761,021
I-18 Total expensesPrior year $1,326,141$1,513,066
I-19 Revenue less expensesPrior year $201,231$543,426
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,056,492 across 7 lines filed
VIII-1e Government grants$1,778,976
VIII-1g Noncash contributions (included above)$12,000
VIII-1h Total contributions, gifts and grants$1,778,976
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $269,904$269,904
VIII-3 Investment incomeExcluded from tax $2,657$2,657
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $4,918 · Excluded from tax $37$4,955
VIII-12 Total revenueRelated to mission $269,904 · Unrelated business $4,918 · Excluded from tax $2,694$2,056,492
Part IX · Statement of functional expenses $1,513,066 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $68,667$68,667
IX-7 Other salaries and wagesPrograms $495,750 · Management $33,462$529,212
IX-8 Pension plan contributionsPrograms $5,597 · Management $2,122$7,719
IX-9 Other employee benefitsPrograms $76,362 · Management $24,520$100,882
IX-10 Payroll taxesPrograms $38,012 · Management $7,553$45,565
IX-11c Accounting feesManagement $17,320$17,320
IX-11g Other fees for servicesPrograms $21,193$21,193
IX-12 Advertising and promotionManagement $6,177$6,177
IX-13 Office expensesManagement $18,603$18,603
IX-14 Information technologyPrograms $39,871 · Management $22,000$61,871
IX-16 OccupancyPrograms $15,436 · Management $3,012$18,448
IX-17 TravelPrograms $1,725 · Management $199$1,924
IX-22 Depreciation, depletion and amortizationPrograms $299,095$299,095
IX-23 InsurancePrograms $77,222 · Management $16,148$93,370
IX-24 Other expenses (24a–d)Programs $218,907 · Management $1,606$220,513
IX-24e All other expensesPrograms $2,507$2,507
IX-25 Total functional expensesPrograms $1,291,677 · Management $221,389 · Fundraising $0$1,513,066
Part X · Balance sheet $3,143,007 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $961,431$1,030,185
X-2 Savings and temporary cash investments$200,000
X-3 Pledges and grants receivableStart of year $207,414$196,106
X-4 Accounts receivableStart of year $9,621$21,567
X-9 Prepaid expenses and deferred chargesStart of year $31,285$2,442
X-10c Land, buildings and equipment, netStart of year $1,370,231$1,692,707
X-16 Total assetsStart of year $2,588,482$3,143,007
X-17 Accounts payable and accrued expensesStart of year $64,064$75,163
X-26 Total liabilitiesStart of year $64,064$75,163
X-27 Net assets without donor restrictionsStart of year $2,524,418$3,067,844
X-32 Total net assets or fund balancesStart of year $2,524,418$3,067,844
X-33 Total liabilities and net assetsStart of year $2,588,482$3,143,007
Part XI · Reconciliation of net assets $3,067,844 net assets at year end
XI-1 Total revenue$2,056,492
XI-2 Total expenses$1,513,066
XI-3 Revenue less expenses$543,426
XI-4 Net assets at start of year$2,524,418
XI-10 Net assets at end of year$3,067,844

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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