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Nonprofit · EIN 42-1133312

REGIONAL TRANSIT AUTHORITY ART

Tax-exempt · SPENCER, IA 51301

Financials

$3.3M$3.9M2022$2.9M$3.7M2023$2.6M$3.6M2024
Revenue Expenses · by fiscal year end
Financials of REGIONAL TRANSIT AUTHORITY ART by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,599,759$3,583,463-$983,704$5,050,771$186,733$4,864,038
June 30, 2024990$2,889,813$3,690,157-$800,344$6,019,517$171,775$5,847,742
June 30, 2023990$3,287,720$3,930,645-$642,925$6,822,307$174,221$6,648,086
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,618,302
Program service revenue
$897,027
Investment income
$81,832
Net gain from sales of assets
$40,038
Other revenue
$2,598

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$135,982
Other salaries and wages
$1,474,793
Salaries, compensation and benefits (total)
$2,108,149
Professional fundraising fees
$0
Occupancy
$73,474
Travel
$7,552
Depreciation
$463,305
Program services (functional)
$2,987,774
Management and general (functional)
$595,689

Balance sheet and other

Total assets, start of year
$6,019,517
Total assets, end of year
$5,050,771
Total liabilities, end of year
$186,733
Net assets, end of year
$4,864,038
Land, buildings and equipment
$2,720,393
Net assets without donor restrictions
$4,268,464
Net assets with donor restrictions
$595,574
Gross receipts
$2,599,759
Employees
72
Year formed
1979
State of legal domicile
IA

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 / weekCompensation
HUGH LIVELYEXECUTIVE DI
Officer
40$135,982
DAN ALTENABOARD MEMBER
Trustee or director
0.25$0
BARRY ANDERSONBOARD MEMBER
Trustee or director
0.25$0
DOUG VANDEN BOSCHBOARD MEMBER
Trustee or director
0.25$0
ROGER FAULSTICKVICE CHAIRPE
Trustee or director, Officer
0.25$0
DAN FRIEDRICHSENSECRETARY/TR
Trustee or director, Officer
0.25$0
BILL LEUPOLDBOARD MEMBER
Trustee or director
0.25$0
MIKE SCHULTEBOARD MEMBER
Trustee or director
0.25$0
TIM SCHUMACHERBOARD MEMBER
Trustee or director
0.25$0
KELLY SNYDERCHAIRPERSON
Trustee or director, Officer
0.25$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
HUGH LIVELYEXECUTIVE DI
Officer
40$131,799
DAN ALTENABOARD MEMBER
Trustee or director
0.25$0
BARRY ANDERSONBOARD MEMBER
Trustee or director
0.25$0
DOUG VANDEN BOSCHBOARD MEMBER
Trustee or director
0.25$0
ROGER FAULSTICKSECRETARY/TR
Trustee or director, Officer
0.25$0
DAN FRIEDRICHSENBOARD MEMBER
Trustee or director
0.25$0
BILL LEUPOLDBOARD MEMBER
Trustee or director
0.25$0
MIKE SCHULTECHAIRPERSON
Trustee or director, Officer
0.25$0
TIM SCHUMACHERBOARD MEMBER
Trustee or director
0.25$0
KELLY SNYDERVICE CHAIRPE
Trustee or director, Officer
0.25$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
HUGH LIVELYEXECUTIVE DI
Officer
40$124,613
DAN ALTENABOARD MEMBER
Trustee or director
0.25$0
BARRY ANDERSONBOARD MEMBER
Trustee or director
0.25$0
DOUG VANDEN BOSCHBOARD MEMBER
Trustee or director
0.25$0
ROGER FAULSTICKSECRETARY/TR
Trustee or director, Officer
0.25$0
DAN FRIEDRICHSENBOARD MEMBER
Trustee or director
0.25$0
BILL LEUPOLDBOARD MEMBER
Trustee or director, Officer
0.25$0
MIKE SCHULTECHAIRPERSON
Trustee or director, Officer
0.25$0
TIM SCHUMACHERBOARD MEMBER
Trustee or director
0.25$0
KELLY SNYDERVICE CHAIRPE
Trustee or director, Officer
0.25$0

Address and contacts

Address (IRS master file)
PO BOX 1240, SPENCER, IA 51301-1240
Principal officer (990 for 2024)
HUGH LIVELY, PO BOX 1240, SPENCER, IA 51301
Signed the 990
HUGH LIVELY, EXECUTIVE DIRECTOR
Phone
(712) 262-7920
Return prepared by
WILLIAMS & COMPANY CPA PC

Mission

PROVIDES TRANSPORTATION SERVICES TO THE PUBLIC IN NINE IOWA COUNTIES THROUGH ASSISTANCE OF FEDERAL, STATE, AND LOCAL FUNDS.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDES TRANSPORATION SERVICES
    Expenses $2,987,774 · revenue $897,027

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
42-1133312
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
1980
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,050,771
Income (IRS master file)
$2,599,759

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,599,759$3,583,463$5,050,771XML
990June 2024$2,889,813$3,690,157$6,019,517XML
990June 2023$3,287,720$3,930,645$6,822,307XML
990June 2022$4,155,942$3,803,455$7,517,600IRS
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 42-1133312).

Questions about REGIONAL TRANSIT AUTHORITY ART

What is the EIN of REGIONAL TRANSIT AUTHORITY ART?
The employer identification number (EIN) of REGIONAL TRANSIT AUTHORITY ART is 42-1133312.
Is REGIONAL TRANSIT AUTHORITY ART tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to REGIONAL TRANSIT AUTHORITY ART tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does REGIONAL TRANSIT AUTHORITY ART 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 REGIONAL TRANSIT AUTHORITY ART 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 REGIONAL TRANSIT AUTHORITY ART 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 REGIONAL TRANSIT AUTHORITY ART?
The 990 for the year ended June 30, 2025 names HUGH LIVELY.
Who are the officers and directors of REGIONAL TRANSIT AUTHORITY ART?
The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $135,982 (HUGH LIVELY, EXECUTIVE DI).
How much revenue does REGIONAL TRANSIT AUTHORITY ART have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,599,759, expenses of $3,583,463 and total assets of $5,050,771 at year end.

Other nonprofits in SPENCER

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