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Nonprofit · EIN 75-1871492

MCKINNEY AVENUE TRANSIT AUTHORITY INC

Tax-exempt · DALLAS, TX 75204

Financials

$2M$2.1M2023$2.2M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of MCKINNEY AVENUE TRANSIT AUTHORITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,205,385$2,207,974-$2,589$3,677,628$72,066$3,605,562
December 31, 2023990$2,027,836$2,072,680-$44,844$3,969,068$44,903$3,924,165
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,877,946
Program service revenue
$0
Investment income
$0
Net income from gaming
$148,059
Net income from sales of inventory
$179,380
Other revenue
$327,439

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$156,000
Other salaries and wages
$1,028,033
Salaries, compensation and benefits (total)
$1,309,765
Professional fundraising fees
$0
Legal fees
$33,262
Accounting fees
$40,750
Occupancy
$24,725
Travel
$4,179
Depreciation
$68,883
Program services (functional)
$1,797,933
Management and general (functional)
$316,132
Fundraising (functional)
$93,909

Balance sheet and other

Total assets, start of year
$3,969,068
Total assets, end of year
$3,677,628
Total liabilities, end of year
$72,066
Net assets, end of year
$3,605,562
Land, buildings and equipment
$3,069,220
Net assets without donor restrictions
$3,577,902
Net assets with donor restrictions
$27,660
Gross unrelated business income
$179,380
Gross receipts
$2,238,855
Employees
45
Volunteers
7
Year formed
1983
State of legal domicile
TX

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Phil CobbChairman
Trustee or director
0.71$0
Doug NicholsTreasurer
Trustee or director
0.17$0
Joel BehrensDirector
Trustee or director
0.02$0
Travis BrownDirector
Trustee or director
0.1$0
James BlantonDirector
Trustee or director
0.04$0
Michael GaffneyDirector
Trustee or director
0.02$0
Graham GreeneDirector
Trustee or director
0.12$0
Jim GriffinDirector
Trustee or director
0.04$0
Jamee JolleyDirector
Trustee or director
0.04$0
Suzan KedronDirector
Trustee or director
0.02$0
Gus KhanKarliDirector
Trustee or director
0.06$0
Paul LindenbergerDirector
Trustee or director
0.08$0
Ed MahonDirector
Trustee or director
0.06$0
Tony PageDirector
Trustee or director
0.06$0
David RechtDirector
Trustee or director
0.12$0
10 more people on this return
NameTitleHours / weekCompensation
Jim RileyDirector
Trustee or director
0.56$0
Jim PitchfordDirector
Trustee or director
0.04$0
Evan SheetsDirector
Trustee or director
0.04$0
Kay SheltonDirector
Trustee or director
0.04$0
Gary SlagelDirector
Trustee or director
0.06$0
Matt VinsonDirector
Trustee or director
0.04$0
Dan WinfurtherDirector
Trustee or director
0.02$0
Michelle Wong-KrauseDirector
Trustee or director
0.06$0
Paul RidleyDirector
Trustee or director
0.06$0
Ryan McManigalDirector
Trustee or director
0.02$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
Phil CobbChairman
Trustee or director
2$0
Doug NicholsTreasurer
Trustee or director
0$0

Address and contacts

Address (IRS master file)
3153 OAK GROVE AVE, DALLAS, TX 75204-2427
In care of
% NANCY BANNISTER
Principal officer (990 for 2024)
Phil Cobb, 2821 McKinney Ave 10, Dallas, TX 75204
Signed the 990
Phil Cobb, Chairman
Phone
(214) 855-0006
Return prepared by
Richard D Orrock PC

Mission

The organization's mission is to preserve, operate, maintain, and restore the historic ambiance of Dallas by refurbishing, maintaining, and operating a trolley car system on the McKinney Avenue Line of Dallas.

990 for the year ended December 31, 2024

Program accomplishments

  • Restore, maintain, and operate historic trolley cars.
    Expenses $1,797,933

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1871492
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
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,677,628
Income (IRS master file)
$2,238,855

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,205,385$2,207,974$3,677,628XML
990December 2023$2,027,836$2,072,680$3,969,068XML
990-TDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 75-1871492).

Questions about MCKINNEY AVENUE TRANSIT AUTHORITY INC

What is the EIN of MCKINNEY AVENUE TRANSIT AUTHORITY INC?
The employer identification number (EIN) of MCKINNEY AVENUE TRANSIT AUTHORITY INC is 75-1871492.
Is MCKINNEY AVENUE TRANSIT AUTHORITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to MCKINNEY AVENUE TRANSIT AUTHORITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MCKINNEY AVENUE TRANSIT AUTHORITY 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 MCKINNEY AVENUE TRANSIT AUTHORITY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MCKINNEY AVENUE TRANSIT AUTHORITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MCKINNEY AVENUE TRANSIT AUTHORITY INC?
The 990 for the year ended December 31, 2024 names Phil Cobb.
Who are the officers and directors of MCKINNEY AVENUE TRANSIT AUTHORITY INC?
The 990 for the year ended December 31, 2024 lists 25 people; 0 received compensation from the organization.
How much revenue does MCKINNEY AVENUE TRANSIT AUTHORITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,205,385, expenses of $2,207,974 and total assets of $3,677,628 at year end.

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