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Nonprofit · EIN 03-0353976

SOUTHEAST VERMONT TRANSIT INC

Tax-exempt · WILMINGTON, VT 05363

Financials

$9.6M$9.1M2022$9.5M$9.8M2023$9M$9.7M2024
Revenue Expenses · by fiscal year end
Financials of SOUTHEAST VERMONT TRANSIT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,038,369$9,685,802-$647,433$11,754,027$2,204,622$9,549,405
June 30, 2024990$9,518,769$9,759,046-$240,277$12,249,329$2,052,491$10,196,838
June 30, 2023990$9,567,417$9,050,825$516,592$12,626,934$2,189,819$10,437,115
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$5,506,931
of which government grants
$5,361,721
Program service revenue
$3,503,877
Investment income
-$1,023
Net gain from sales of assets
-$1,054
Other revenue
$28,584

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$151,069
Other salaries and wages
$3,905,754
Salaries, compensation and benefits (total)
$5,311,304
Professional fundraising fees
$0
Legal fees
$309
Accounting fees
$26,116
Travel
$5,060
Depreciation
$1,291,585
Program services (functional)
$8,407,433
Management and general (functional)
$1,278,369

Balance sheet and other

Total assets, start of year
$12,249,329
Total assets, end of year
$11,754,027
Total liabilities, end of year
$2,204,622
Net assets, end of year
$9,549,405
Land, buildings and equipment
$10,921,339
Net assets without donor restrictions
$9,455,605
Net assets with donor restrictions
$93,800
Gross receipts
$9,044,413
Employees
119
Volunteers
28
Year formed
1996
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RANDY SCHOONMAKERCEO
Officer
40$117,165$32,665
SETH BOYDPRESIDENT
Trustee or director, Officer
1$0$0
JASON RASMUSSENVICE PRESIDENT
Trustee or director, Officer
1$0$0
RANDY CAPITANITREASURER
Trustee or director, Officer
1$0$0
JOEL BLUMINGSECRETARY
Trustee or director, Officer
1$0$0
CHRIS CAMPANYBOARD MEMBER
Trustee or director
1$0$0
DAN THOEMKEBOARD MEMBER
Trustee or director
1$0$0
SUE FILLIONBOARD MEMBER
Trustee or director
1$0$0
BRENDAN MCNAMARABOARD MEMBER
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensationOther / benefits
RANDY SCHOONMAKERCEO
Officer
40$115,326$26,541
SETH BOYDPRESIDENT
Trustee or director, Officer
1$0$0
JASON RASMUSSENVICE PRESIDENT
Trustee or director, Officer
1$0$0
RANDY CAPITANITREASURER
Trustee or director, Officer
1$0$0
JOEL BLUMINGSECRETARY
Trustee or director, Officer
1$0$0
CHRIS CAMPANYBOARD MEMBER
Trustee or director
1$0$0
DAN THOEMKEBOARD MEMBER
Trustee or director
1$0$0
SUE FILLIONBOARD MEMBER
Trustee or director
1$0$0
BRENDAN MCNAMARABOARD MEMBER (START FY24)
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
RANDY SCHOONMAKERCEO
Officer
40$113,721$27,023
WILLIS CHIP STEARNSPRESIDENT (TERM 07/2022)
Trustee or director, Officer
1$0$0
SETH BOYDPRESIDENT
Trustee or director, Officer
1$0$0
JASON RASMUSSENVICE PRESIDENT
Trustee or director, Officer
1$0$0
RANDY CAPITANITREASURER
Trustee or director, Officer
1$0$0
JOEL BLUMINGSECRETARY
Trustee or director, Officer
1$0$0
DAVE MOULTONBOARD MEMBER (TERM 12/2022)
Trustee or director
1$0$0
CHRIS CAMPANYBOARD MEMBER
Trustee or director
1$0$0
DAN THOEMKEBOARD MEMBER (START 10/2022)
Trustee or director
1$0$0
SUE FILLIONBOARD MEMBER (START 11/2022)
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
45 MILL ST, WILMINGTON, VT 05363-9704
In care of
% LEONA LINNEY
Principal officer (990 for 2024)
RANDALL SCHOONMAKER, 45 MILL STREET, WILMINGTON, VT 05363
Signed the 990
RANDALL SCHOONMAKER, CEO
Phone
(802) 464-8487
Return prepared by
MCSOLEY MCCOY & CO

Mission

SOUTHEAST VERMONT TRANSIT ("SEVT") IS COMMITTED TO ADVANCING THE QUALITY OF LIFE AND ECONOMIC VITALITY IN THE COMMUNITIES WE SERVE BY DELIVERING SAFE, RELIABLE, EFFICIENT AND COURTEOUS TRANSIT SERVICE TO THE BROADEST POPULATION BASE POSSIBLE. SEVT SHOULD SET THE BENCHMARK FOR EFFICIENCY AND EXCELLENCE AMONG VERMONT PUBLIC TRANSIT ORGANIZATIONS.

990 for the year ended June 30, 2025

Program accomplishments

  • SEVT PROVIDES PUBLIC TRANSPORTATION TO THE SOUTHERN REGIONS OF VERMONT. TRANSPORTATION IS PROVIDED TO THE GENERAL PUBLIC, ELDERLY AND DISABLED, AND THE SCHOOL KIDS THROUGH TRIPPER SERVICE. WE ALSO PROVIDE VOLUNTEER RIDES.
    Expenses $8,407,433 · revenue $3,532,461

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
03-0353976
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,754,027
Income (IRS master file)
$9,044,413

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,038,369$9,685,802$11,754,027XML
990June 2024$9,518,769$9,759,046$12,249,329XML
990June 2023$9,567,417$9,050,825$12,626,934XML
990-TJune 2023–––IRS
990June 2022$7,267,470$8,198,034$12,091,020IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0353976).

Questions about SOUTHEAST VERMONT TRANSIT INC

What is the EIN of SOUTHEAST VERMONT TRANSIT INC?
The employer identification number (EIN) of SOUTHEAST VERMONT TRANSIT INC is 03-0353976.
Is SOUTHEAST VERMONT TRANSIT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to SOUTHEAST VERMONT TRANSIT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHEAST VERMONT TRANSIT INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTHEAST VERMONT TRANSIT INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHEAST VERMONT TRANSIT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SOUTHEAST VERMONT TRANSIT INC?
The 990 for the year ended June 30, 2025 names RANDALL SCHOONMAKER.
Who are the officers and directors of SOUTHEAST VERMONT TRANSIT INC?
The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $117,165 (RANDY SCHOONMAKER, CEO).
How much revenue does SOUTHEAST VERMONT TRANSIT INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $9,038,369, expenses of $9,685,802 and total assets of $11,754,027 at year end.

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