American Public Transportation Association

“Membership in the association is divided into six categories: (a) transit system members are persons, firms, corporations, trustees, receivers, municipal agencies or other governmental agencies operating any form of organized public transit system in the united states, puerto rico, canada, or mexico (b) a new transit enterprise organized to operate a transit system not previously in existence within such boundaries, or (c) transit management companies - any person, firm or corporation that provides professional management services to such transit systems (d) business members consist of manufacturers and supplier members, consultant members, and contractor members. Additional categories of membership include (e) non-operating state department of transportation members, government agency members and metropolitan planning organizations (f) affiliates consist of associated railroads, public interest groups, legislative representatives, publishers, universities, and other organizations with an interest in public transit and (g) retirees.”

“Twenty directors are designated transit system directors. These are the twenty highest dues-paying transit system members of the association. Ten directors are designated business member directors. These are the ten highest dues-paying business members of the association. There are twenty seven designated committee chairs. The remaining directors are elected by the members at an annual meeting.”

“All member classes vote on the annual election of the board of directors and on any changes to the organization's bylaws.”

“The form 990 was prepared by outside accountants and reviewed by the audit committee. A copy of the form 990 was provided to the board, before it was filed with the irs.”

“All board of directors members are notified annually of the organization's conflict of interest policy. In addition, all members are required to sign an annual conflict of interest policy. If an individual becomes aware of an actual or potential conflict, either before or after the fact, they are required to immediately make full disclosure of the matter. In the case of an officer, director, or committee officer, such disclosure is made to the organization's executive committee. Whenever, in the opinion of the executive committee, the interest disclosed constitutes a conflict of interest or the appearance of a conflict of interest detrimental to the american public transportation association (apta), the executive committee requires such action or abstention by the individual as the executive commitee determines is necessary or desirable to protect the interests of the organization. In the case of an american public transportation association employee, such disclosure is made to the apta president. Whenever, in the opinion of the apta president, the interest disclosed constitutes a conflict of interest or the appearance of a conflict of interest is detrimental to apta, the apta president requires such action or abstention by the employee as the apta president determines is necessary or desirable to protect the interests of apta.”

“The president's salary is determined by a compensation committee that reports to the executive committee and the executive committee approves the final recommendation. The ceo presents his performance for the prior year based on agreed upon benchmarks and the ceo evaluation subcommittee evaluates the achievements of the ceo and may make compensation adjustment. The review process is documentated. The last review took place january 2022. All other association positions are compensated based on annual performance reviews with salary ranges established by position responsibilities and non-profit surveys as determined by the association's compensation consultant. All other association positions are approved by the president.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Research 333,897. Public relations 835,575. Grassroots advocacy 339,769. Other professional fees 1,058,093. Virtual event management 511,154.”

“On may 3, 2020, apta received loan proceeds in the amount of $1,851,591 under the paycheck protection program. The loan calls for monthly principal and interest payments amortized over the term of the loan with a deferral of payments for the first six months. During the year ended june 30, 2021, apta used the proceeds for purposes consistent with the ppp, and applied for forgiveness after completing the 24-week period. On july 1, 2021, apta received forgiveness of its loan under the paycheck protection program by the sba in the amount of $1,851,591. There are no further requirements regarding this funding and apta intends to record the amount forgiven as revenue from this debt extinguishment in the subsequent year.”