Overview
What is Chebeague Transportation Co?
Chebeague Transportation Co is a nonprofit organization situated in Chebeague Island, Maine. Their primary mission is to offer reliable and safe transportation services to the residents of the island, ensuring their daily needs are met. Additionally, they provide parking facilities on the mainland for the convenience of the island's citizens. With a team of 36 dedicated individuals, Chebeague Transportation Co plays a crucial role in connecting the local community, enhancing their mobility and overall quality of life.
Official website here: www.ctcferry.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Chebeague Transportation Co has earned a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The overall score is based entirely on their accountability metrics, where they achieved a score of 76%. The organization demonstrates strength in governance, with a fully independent board, comprehensive policies for conflict of interest and whistleblower protections, and proper documentation of board meeting minutes.
Among the positive aspects, Chebeague Transportation Co shows exemplary performance in areas like program expense ratio, where 79.80% of its expenditures are directed towards its programs. Additionally, there are no reported material diversions of assets, which suggests a high level of fiscal responsibility. Their website's inclusion in tax documents also reflects transparency.
However, the organization has a liabilities to assets ratio of 56.47%, which is a notable concern. While they are effectively using their assets, a higher ratio could indicate potential financial strain. Overall, while Chebeague Transportation Co scores well in accountability and governance, monitoring their financial health would be advisable for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Chebeague Transportation Co legitimate?
Chebeague Transportation Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chebeague Transportation Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $101,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $623,299
For more financial information, click here
Official website here: www.ctcferry.org
What is the mission statement of Chebeague Transportation Co?
Chebeague Transportation Company's mission is centered around providing reliable and safe transportation services. Their primary objective is to cater to the transportation needs of a specific location, which is not specified in the provided information. Additionally, they also offer parking facilities on the mainland for the convenience of their clients.
Official website here: www.ctcferry.org
What is the revenue of Chebeague Transportation Co?
Chebeague Transportation Co's revenue in 2023 was $1,812,838.
Official website here: www.ctcferry.org
Who are the executives of Chebeague Transportation Co and what are their salaries?
The average compensation at Chebeague Transportation Co during 2023 was $17,258. There are 42 employees and 9 volunteers at Chebeague Transportation Co.
Here are 10 key members and their salaries:
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- Compensation: $97,046
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- Other: $4,500
Official website here: www.ctcferry.org
Where can I find the form 990 for Chebeague Transportation Co?
Chebeague Transportation Co's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctcferry.org
Learn more at the official website: www.ctcferry.org
Mission Statement of Chebeague Transportation Co
Chebeague Transportation Co, as its mission statement suggests, is committed to ensuring the reliable and safe transportation of individuals to Chebeague Island. This mission is a crucial service, providing a vital link between the mainland and the island community. Beyond just transportation, the company also offers parking facilities on the mainland, catering to the needs of the citizens of Chebeague Island. By providing these essential services, Chebeague Transportation Co plays a significant role in connecting and supporting the community.
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Impact
July, 2024
Chebeague Transportation Co provides an essential service by offering reliable and safe transportation to the residents of Chebeague Island, Maine. By maintaining regular ferry services, this organization ensures that the island's inhabitants have access to the mainland for work, school, healthcare, and other necessities. Additionally, their provision of parking facilities on the mainland benefits the citizens of Chebeague Island by offering a convenient solution for those who need to leave their vehicles while on the island. Chebeague Transportation Co plays a vital role in supporting the community's connectivity and overall well-being.
This information is meant to be a general summary of Chebeague Transportation Co. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $33,848
- Program Service Revenue: $1,592,079
- Gross Receipts: $1,889,933
Assets and Liabilities:
- Total Assets: $2,328,859
- Total Liabilities: $1,315,277
- Net Assets: $1,013,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Passenger Fares
Revenue
$731,952
Parking Fees
Revenue
$621,744
Vehicle Transport Fees
Revenue
$186,794
School Contract Fares
Revenue
$47,314
Cruise and Charter
Revenue
$4,275
Organization Details
Founding Year
2014
Principal Officer
Matthew Ridgway
Website
www.ctcferry.orgNTEE Category
Code: W40 - Public benefit
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