Civic Intelligence

The Bus Coalition Inc

990 • Fiscal year 2022 • EIN 47-2723040

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

6919 Vista DriveWest Des Moines, IA 50266

(515) 440-6057

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.56x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

0.65x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-35%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$345,245

Up $39,614 (+13%) from 2021

Net Assets

Down

$152,658

Down $152,973 (-50%) from 2021

Liabilities

Up

$192,587

Up $192,587 from 2021

Revenue

Down

$294,622

Down $157,378 (-35%) from 2021

Expenses

Up

$263,439

Up $29,014 (+12%) from 2021

Net Income

Down

$31,183

Down $186,392 (-86%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2014: $11,099Liabilities 2014: $0Net Assets 2014: $11,0992014Assets 2015: $1,416Net Assets 2015: $1,4162015Assets 2016: $45,554Net Assets 2016: $45,5542016Assets 2017: $93,547Net Assets 2017: $93,5472017Assets 2018: $48,623Liabilities 2018: $02018Assets 2019: $123,961Liabilities 2019: $90,300Net Assets 2019: $33,6612019Assets 2020: $255,181Liabilities 2020: $167,125Net Assets 2020: $88,0562020Assets 2021: $305,631Liabilities 2021: $0Net Assets 2021: $305,6312021Assets 2022: $345,245Liabilities 2022: $192,587Net Assets 2022: $152,6582022Assets 2023: $360,254Liabilities 2023: $189,459Net Assets 2023: $170,7952023Assets 2024: $255,217Liabilities 2024: $45,972Net Assets 2024: $209,2452024

Highlighted filing

2022

Assets$345,245
Liabilities$192,587
Net Assets$152,658

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $39,500Expenses 2014: $28,401Net Income 2014: $11,0992014Revenue 2015: $23,839Expenses 2015: $35,621Net Income 2015: -$11,7822015Revenue 2016: $80,359Expenses 2016: $36,221Net Income 2016: $44,1382016Revenue 2017: $120,357Expenses 2017: $72,364Net Income 2017: $47,9932017Revenue 2018: $48,116Expenses 2018: $93,040Net Income 2018: -$44,9242018Revenue 2019: $133,626Expenses 2019: $148,588Net Income 2019: -$14,9622019Revenue 2020: $244,425Expenses 2020: $190,030Net Income 2020: $54,3952020Revenue 2021: $452,000Expenses 2021: $234,425Net Income 2021: $217,5752021Revenue 2022: $294,622Expenses 2022: $263,439Net Income 2022: $31,1832022Revenue 2023: $302,225Expenses 2023: $283,912Net Income 2023: $18,3132023Revenue 2024: $303,234Expenses 2024: $264,642Net Income 2024: $38,5922024

Highlighted filing

2022

Revenue$294,622
Expenses$263,439
Net Income$31,183
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$294,622
Mission and Program Overview

Mission

The objective of the organization is to increase federal funding for bus transit programs and promote bus transit as a reliable, environmentally and fiscally responsible mode of transportation for communities across the nation.

Working in concert with apta, ctaa, and other supporting organizations, to highlight the needs and benefits of bus transit and ensure bus programs are adequately funded at the federal level.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$305,631$192,454▼ $113,177
Investments in Publicly Traded Securities-$150,028-
Prepaid Expenses and Deferred Charges-$2,013-
Accounts Receivable-$750-
Total Assets$305,631$345,245▲ $39,614
Liabilities
Deferred Revenue-$178,375-
Accounts Payable and Accrued Expenses-$14,212-
Total Liabilities$0$192,587▲ $192,587
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$305,631$152,658▼ $152,973
Total Net Assets Fund Balance$305,631$152,658▼ $152,973
Total Liabilities and Net Assets / Fund Balance$305,631$345,245▲ $39,614
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill CarpenterPresident
Alex CliffordDirector
Bob RuzinskyDirector
Carrie ButlerDirector
Corey AldridgeDirector
Doug RoelfsDirector
Edgar BenningDirector
Jeff ArndtDirector
Jeff NelsonDirector
Kelli BadesheimDirector
Mark JohnsonDirector
Mark MaloneyDirector
Randy FrantzDirector
Richard DerockDirector
Shawn DonaghyDirector
Todd MorrowDirector
Ed RedfernExecutive Di
Dorothy YeagerSecretary
Gary RosenfeldTreasurer
Elizabeth PresuttiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$294,600
Investment Income
$22
Other Revenue
$0
Change in Net Assets
$31,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,439
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying---$90,000
Fees for Services Management---$60,000
Conferences and Meetings---$42,549
Fees for Services Other---$42,000
Fees for Services Accounting---$9,492
Information Technology---$6,604
Office Expenses---$2,748
Insurance---$2,510
Other Expenses---$296
Total Functional Expenses$0$0$0$263,439
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$92,801
Current Year Nondeductible Lobbying and Political Cost$72,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization has a contract with redfern resources, inc for management services, including supervising, planning and executing the financial operations and exempt functions of the organization. Redfern resources, inc employs ed redfern, who is the executive director for the bus coalition. For calendar year 2022, ed's portion of compensation and benefits from redfern resources that related to his services for the bus coalition totaled 60,000.

Form 990, Page 6, Part VI, Line 6

The organization has the following classes of membership: member - any public or quasi-public entity who is a recipient or sub- recipient of federal funds and legally authorized to contract for or provide public transit services which includes bus service within its geographic area of a jurisdiction, such as a public transit agency, county, city, or town, may become a member of the coalition upon payment of dues. The voting representative at general membership meetings shall be the transit general manager or their designee, of any member. Associate member - any person, firm, private corporation or nonprofit corporation, commercial or civic club, or other organization having an interest in public transportation and pledging to support the mission statement set forth in the bylaws may become an associate member of this coalition upon application, under rules and regulations adopted by the board. Such associate members shall have the individual rights as established by the board except the right to vote and hold office.

Form 990, Page 6, Part VI, Line 7A

Members vote for the board of directors at the annual meeting. Additional or alternative nominations for consideration may be submitted by the members at the meeting.

Form 990, Page 6, Part VI, Line 7B

The bylaws may be amended only by vote of three-fifths of the total membership at any regular meeting or at any special meeting called for that purpose.

Form 990, Page 6, Part VI, Line 11B

Each board member is provided a copy of form 990 for review before final approval and submittal of the form 990 to the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Any member of the bus coalition (tbc) board of directors, any of its committees or staff shall disclose to tbc any personal interests that he or she may have in any matter pending before the tbc and shall refrain from participation in any decision on such matter. Any member of tbc board who is an officer, board member, a committee member or staff member of any other related organization shall identify his or her affiliation with such agency or agencies; further, in connection with any committee or board action specifically directed to that agency, he/she shall not participate in the decision affecting that agency and the decision must be made and/or ratified by the full board. Annually, the board of directors reviews and discloses any potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The public is able to view the organization's articles of incorporation, bylaws, conflict of interest policy, financial statements, and tax returns upon request. These documents are available for the same period of time as described in internal revenue code section 6104 (d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
The Bus Coalition Inc
EIN
47-2723040
Phone
5154406057
Address
6919 VISTA DRIVE, WEST DES MOINES, IA 50266

Signing Officer

Name
Gary Rosenfeld
Title
Treasurer
Phone
5154406057
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Donaghy
Formed
2014
Legal Domicile
Ia
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
19

Preparer

Firm
Mhcs Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Alexandra Kafer CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract svs - memb. Director 42,000 0 0

Form 990, Part XI, Line 9

Cash to accrual adjustment -184,162 the organization changed it's method of accounting from the cash basis to accrual basis in 2022. In prior years, the method of accounting used on the tax return was the cash method, however, the organization's books are recorded using the accrual method.

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IRS990/MissionDesc0ENSURE AMERICA'S BUS TRANSIT SYSTEMS ARE ADEQUATELY FUNDED BY THE FEDERAL GOVERNMENT TO PROVIDE THE AMERICAN PEOPLE (OUR RIDERS) SAFE AND RELIABLE PUBLIC BUS TRANSPORTATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A CONTRACT WITH REDFERN RESOURCES, INC FOR MANAGEMENT SERVICES, INCLUDING SUPERVISING, PLANNING AND EXECUTING THE FINANCIAL OPERATIONS AND EXEMPT FUNCTIONS OF THE ORGANIZATION. REDFERN RESOURCES, INC EMPLOYS ED REDFERN, WHO IS THE EXECUTIVE DIRECTOR FOR THE BUS COALITION. FOR CALENDAR YEAR 2022, ED'S PORTION OF COMPENSATION AND BENEFITS FROM REDFERN RESOURCES THAT RELATED TO HIS SERVICES FOR THE BUS COALITION TOTALED 60,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS THE FOLLOWING CLASSES OF MEMBERSHIP: MEMBER - ANY PUBLIC OR QUASI-PUBLIC ENTITY WHO IS A RECIPIENT OR SUB- RECIPIENT OF FEDERAL FUNDS AND LEGALLY AUTHORIZED TO CONTRACT FOR OR PROVIDE PUBLIC TRANSIT SERVICES WHICH INCLUDES BUS SERVICE WITHIN ITS GEOGRAPHIC AREA OF A JURISDICTION, SUCH AS A PUBLIC TRANSIT AGENCY, COUNTY, CITY, OR TOWN, MAY BECOME A MEMBER OF THE COALITION UPON PAYMENT OF DUES. THE VOTING REPRESENTATIVE AT GENERAL MEMBERSHIP MEETINGS SHALL BE THE TRANSIT GENERAL MANAGER OR THEIR DESIGNEE, OF ANY MEMBER. ASSOCIATE MEMBER - ANY PERSON, FIRM, PRIVATE CORPORATION OR NONPROFIT CORPORATION, COMMERCIAL OR CIVIC CLUB, OR OTHER ORGANIZATION HAVING AN INTEREST IN PUBLIC TRANSPORTATION AND PLEDGING TO SUPPORT THE MISSION STATEMENT SET FORTH IN THE BYLAWS MAY BECOME AN ASSOCIATE MEMBER OF THIS COALITION UPON APPLICATION, UNDER RULES AND REGULATIONS ADOPTED BY THE BOARD. SUCH ASSOCIATE MEMBERS SHALL HAVE THE INDIVIDUAL RIGHTS AS ESTABLISHED BY THE BOARD EXCEPT THE RIGHT TO VOTE AND HOLD OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. ADDITIONAL OR ALTERNATIVE NOMINATIONS FOR CONSIDERATION MAY BE SUBMITTED BY THE MEMBERS AT THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BYLAWS MAY BE AMENDED ONLY BY VOTE OF THREE-FIFTHS OF THE TOTAL MEMBERSHIP AT ANY REGULAR MEETING OR AT ANY SPECIAL MEETING CALLED FOR THAT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER IS PROVIDED A COPY OF FORM 990 FOR REVIEW BEFORE FINAL APPROVAL AND SUBMITTAL OF THE FORM 990 TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY MEMBER OF THE BUS COALITION (TBC) BOARD OF DIRECTORS, ANY OF ITS COMMITTEES OR STAFF SHALL DISCLOSE TO TBC ANY PERSONAL INTERESTS THAT HE OR SHE MAY HAVE IN ANY MATTER PENDING BEFORE THE TBC AND SHALL REFRAIN FROM PARTICIPATION IN ANY DECISION ON SUCH MATTER. ANY MEMBER OF TBC BOARD WHO IS AN OFFICER, BOARD MEMBER, A COMMITTEE MEMBER OR STAFF MEMBER OF ANY OTHER RELATED ORGANIZATION SHALL IDENTIFY HIS OR HER AFFILIATION WITH SUCH AGENCY OR AGENCIES; FURTHER, IN CONNECTION WITH ANY COMMITTEE OR BOARD ACTION SPECIFICALLY DIRECTED TO THAT AGENCY, HE/SHE SHALL NOT PARTICIPATE IN THE DECISION AFFECTING THAT AGENCY AND THE DECISION MUST BE MADE AND/OR RATIFIED BY THE FULL BOARD. ANNUALLY, THE BOARD OF DIRECTORS REVIEWS AND DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PUBLIC IS ABLE TO VIEW THE ORGANIZATION'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX RETURNS UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104 (D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACT SVS - MEMB. DIRECTOR 42,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CASH TO ACCRUAL ADJUSTMENT -184,162 THE ORGANIZATION CHANGED IT'S METHOD OF ACCOUNTING FROM THE CASH BASIS TO ACCRUAL BASIS IN 2022. IN PRIOR YEARS, THE METHOD OF ACCOUNTING USED ON THE TAX RETURN WAS THE CASH METHOD, HOWEVER, THE ORGANIZATION'S BOOKS ARE RECORDED USING THE ACCRUAL METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
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ReturnHeader/ReturnTs02023-11-10T09:36:38-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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