Overview
What is Manhattan And Bronx Surface Transit Operating Authority?
Manhattan And Bronx Surface Transit Operating Authority is a New York-based nonprofit organization, specifically located at 2 Broadway, Suite D15153, New York, NY 10004. The primary mission of this organization is to provide public bus transportation services in the boroughs of Manhattan and the Bronx in New York City. With a team of 8,602 employees, they cater to an impressive ridership of 144,753,794. Their activities revolve around operating and managing public bus transportation in these boroughs, enhancing the daily lives of residents and visitors by ensuring seamless and efficient travel experiences.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
The Manhattan and Bronx Surface Transit Operating Authority has received a 72% rating from Charity Navigator, which indicates a moderate level of overall effectiveness. The organization shows strengths in governance, with a fully independent board and a robust audit and oversight committee, both of which contribute to its accountability and financial integrity.
However, the organization faces challenges reflected in its financial ratios, particularly a high liabilities to assets ratio, which has negatively impacted its score. While the program expense ratio is reasonably strong, indicating a commitment to its programs, the overall financial health could raise concerns among potential donors regarding sustainability and risk management.
In summary, while the authority demonstrates a commitment to strong governance and operational transparency, its financial challenges highlight areas that need improvement to enhance its stability and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan And Bronx Surface Transit Operating Authority legitimate?
Manhattan And Bronx Surface Transit Operating Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan And Bronx Surface Transit Operating Authority 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $828,399,509
For more financial information, click here
What is the mission statement of Manhattan And Bronx Surface Transit Operating Authority?
The Manhattan And Bronx Surface Transit Operating Authority plays a crucial role in New York City by ensuring the provision of public bus transportation. This organization is dedicated to serving the boroughs of Manhattan and the Bronx, facilitating seamless travel for the community. Through their mission, they aim to enhance the mobility experience for residents, enabling them to reach their destinations efficiently. The organization's primary focus is on public bus transportation, offering frequent and reliable services. Their commitment extends to catering to the ridership, which reached an impressive total of 144,753,794. By providing this essential service, the Manhattan And Bronx Surface Transit Operating Authority significantly contributes to the daily lives of countless New Yorkers.
Who is the CEO of Manhattan And Bronx Surface Transit Operating Authority?
William Vazoulas is the Superindent of Manhattan And Bronx Surface Transit Operating Authority. The CEO's salary of Manhattan And Bronx Surface Transit Operating Authority is $0 and their total compensation is $0.
What is the revenue of Manhattan And Bronx Surface Transit Operating Authority?
Manhattan And Bronx Surface Transit Operating Authority's revenue in 2022 was $830,723,073.
Who are the executives of Manhattan And Bronx Surface Transit Operating Authority and what are their salaries?
The average compensation at Manhattan And Bronx Surface Transit Operating Authority during 2022 was $96,303. There are 8602 employees at Manhattan And Bronx Surface Transit Operating Authority.
Here are 25 key members and their salaries (Manhattan And Bronx Surface Transit Operating Authority's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Manhattan And Bronx Surface Transit Operating Authority?
Manhattan And Bronx Surface Transit Operating Authority's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Manhattan And Bronx Surface Transit Operating Authority
Manhattan and Bronx Surface Transit Operating Authority, commonly known as MTA Bus, is a vital entity in New York City that dedicates itself to public bus transportation in the boroughs of Manhattan and the Bronx. This organization's primary mission revolves around ensuring efficient and accessible bus services for the residents of these two boroughs.
MTA Bus plays a critical role in the daily lives of New Yorkers by offering a crucial means of transportation for commuters, students, and visitors. The provision of public bus transportation enables individuals to connect with various employment opportunities, access educational institutions, and enjoy the diverse offerings of the city. With a commitment to serving over 144 million riders, MTA Bus strives to maintain a dependable and extensive network of bus routes throughout Manhattan and the Bronx.
In their unwavering pursuit to provide excellent bus transportation services, MTA Bus continuously works towards enhancing the travel experience for its passengers. This includes investing in modern buses, implementing new technologies, and expanding its routes to better accommodate the needs of the community. By focusing on accessibility, convenience, and reliability, Manhattan and Bronx Surface Transit Operating Authority makes a significant impact on the everyday lives of the people it serves.
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Impact
October, 2024
The Manhattan and Bronx Surface Transit Operating Authority (MABSTOA) plays a crucial role in providing public bus transportation in the boroughs of Manhattan and the Bronx. With a ridership of approximately 144.8 million passengers, it ensures accessible and reliable transit options for millions of residents and visitors.
By offering essential public transportation services, MABSTOA contributes significantly to the urban mobility of New York City, facilitating daily commutes, reducing congestion, and providing a sustainable alternative to private vehicle use. This service enhances the quality of life for individuals by connecting them to work, education, healthcare, and other vital services.
Furthermore, MABSTOA's operations support local economies by enabling easy access to various neighborhoods and businesses, which is vital for economic growth and development. In an increasingly urbanized environment, the authority's mission fosters inclusivity and equity by serving diverse communities across both boroughs. Overall, MABSTOA is an integral part of New York City's transportation framework, promoting public benefit through its extensive bus network.
This information is meant to be a general summary of Manhattan And Bronx Surface Transit Operating Authority. 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 2022.
- Program Service Revenue: $255,129,780
- Gross Receipts: $830,723,073
Assets and Liabilities:
- Total Assets: $964,166,944
- Total Liabilities: $1,728,443,683
- Net Assets: -$764,276,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Passenger Revenue
Revenue
$249,308,229
Other Operating Revenue
Revenue
$5,821,551
Organization Details
Founding Year
1983
Principal Officer
William Vazoulas
Main Address
2 BROADWAY STE D15153, New York, NY, 10004
NTEE Category
Code: W00 - Public benefit
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