The Transit System Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751871831 ✦ Glen rose, TX ✦ Designated as a 501(c)(3)

Overview

What is The Transit System Inc?

The Transit System Inc, located in Glen Rose, Texas, is a nonprofit organization with a mission to enhance accessibility for individuals in Somervell and Hood Counties. Their primary focus is on providing transportation services, enabling residents to reach essential resources such as healthcare, employment opportunities, and public services in rural areas. With a dedicated workforce of 25 employees, this organization plays a crucial role in bridging the gap between remote communities and essential services, thereby improving overall quality of life.


Is The Transit System Inc legitimate?

The Transit System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Transit System Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $68,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $529,212

For more financial information, click here


What is the mission statement of The Transit System Inc?
Who is the CEO of The Transit System Inc?
What is the revenue of The Transit System Inc?
Who are the executives of The Transit System Inc and what are their salaries?
Where can I find the form 990 for The Transit System Inc?

Mission Statement of The Transit System Inc

The Transit System Inc, a nonprofit organization, is dedicated to serving the rural areas of Somervell and Hood Counties in Texas. Their mission revolves around enhancing the accessibility of individuals to essential services, specifically healthcare, employment opportunities, and public services. By providing transportation, this organization plays a crucial role in bridging the gap between rural communities and the resources they need to thrive. By doing so, The Transit System Inc contributes significantly to improving the overall quality of life in these areas.

Impact

This information is meant to be a general summary of The Transit System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

The Transit System Inc's impact lies in providing crucial transportation services to rural areas of Somervell and Hood counties in Texas. By enhancing access to healthcare, employment opportunities, and public services, this organization plays a vital role in improving the quality of life for individuals in these underserved regions. Through their mission of transportation services, The Transit System Inc directly contributes to bridging the gap in access to essential resources for residents of rural communities, ultimately leading to greater economic and social empowerment for those they serve.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,657
  • Program Service Revenue: $269,904
  • Gross Receipts: $2,056,492

    • Assets and Liabilities:
  • Total Assets: $3,143,007
  • Total Liabilities: $75,163
  • Net Assets: $3,067,844
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CHARTER CONTRACT REVENUE

    Revenue

    $191,770

    PASSENGER REVENUE

    Revenue

    $78,134

    Organization Details

    Founding Year

    1983

    Principal Officer

    Derinda D Long

    Main Address

    401 COMMERCE ST, GLEN ROSE, TX, 760434333

    NTEE Category

    Code: Z99Z - Unknown

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