Overview
What is North Fork Area Transit Inc?
North Fork Area Transit Inc, located in Norfolk, Nebraska, serves as a vital nonprofit organization, dedicated to offering secure, effective, and budget-friendly public transportation options to the local community and its visitors. Adhering to both local and federal regulations, the organization's primary mission is to ensure that area residents and tourists have easy access to transportation services. With a workforce of 131 individuals, North Fork Area Transit Inc strives to uphold a high standard of safety and efficiency in its operations, making transportation more accessible and affordable for all.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%
North Fork Area Transit Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating some challenges in its overall accountability and financial practices. While the organization has a fully independent board, the lack of available financial statements significantly impacts its score. The program expense ratio is strong at 98.12%, suggesting efficient allocation of resources towards its mission.
The organization demonstrates solid governance practices with policies in place for conflict of interest and whistleblower protections, which are essential for nonprofit accountability. Additionally, it exhibits a commendable approach to asset management, with no material diversions reported. However, the absence of a document retention policy and missing financial documentation raises concerns about transparency.
While North Fork Area Transit Inc has strengths in its board composition and program expense efficiency, the low score in financial reporting and documentation limits its overall effectiveness as reflected in the rating. Prospective donors and stakeholders may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is North Fork Area Transit Inc legitimate?
North Fork Area Transit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Fork Area Transit Inc 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: $1,582,457
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What is the mission statement of North Fork Area Transit Inc?
North Fork Area Transit Inc's mission is centered around providing public transportation services to both local residents and visitors. They prioritize safety, efficiency, and affordability in their operations, ensuring they adhere to guidelines set by local, state, and federal authorities. The organization's primary goal is to make transportation accessible to all, upholding a commitment to serving the community in a reliable and cost-effective manner.
Who is the CEO of North Fork Area Transit Inc?
Lacy Kimes is the President of North Fork Area Transit Inc.
What is the revenue of North Fork Area Transit Inc?
North Fork Area Transit Inc's revenue in 2023 was $4,088,545.
Who are the executives of North Fork Area Transit Inc and what are their salaries?
The average compensation at North Fork Area Transit Inc during 2023 was $12,080. There are 131 employees at North Fork Area Transit Inc.
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Where can I find the form 990 for North Fork Area Transit Inc?
North Fork Area Transit Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of North Fork Area Transit Inc
North Fork Area Transit Inc is dedicated to delivering safe, efficient, and affordable public transportation services to both local residents and visitors. Adhering to local, state, and federal guidelines, this nonprofit organization ensures that transportation is accessible to all who require it. By prioritizing safety, efficiency, and affordability, North Fork Area Transit Inc strives to meet the transportation needs of its community, providing a valuable service that enhances mobility and connectivity.
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Impact
October, 2024
North Fork Area Transit Inc (NFAT) plays a vital role in enhancing mobility and accessibility for residents and visitors in Norfolk, NE. By providing safe, efficient, and affordable public transportation, NFAT ensures that community members have reliable access to jobs, education, healthcare, and other essential services.
The organization complies with local, state, and federal guidelines, which underscores its commitment to quality and safety in public transit. This service not only supports individual needs but also fosters community interconnectedness, making it easier for people to participate in local activities and events.
Furthermore, NFAT contributes to the reduction of traffic congestion and environmental impact by promoting the use of public transportation, which can lead to decreased reliance on personal vehicles. This has long-term benefits both for the community's infrastructure and for sustainability efforts. In sum, North Fork Area Transit Inc significantly enhances the quality of life in Norfolk by promoting accessibility, convenience, and environmental responsibility.
This information is meant to be a general summary of North Fork Area Transit Inc. 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: $1,603
- Program Service Revenue: $179,843
- Gross Receipts: $4,103,545
Assets and Liabilities:
- Total Assets: $654,607
- Total Liabilities: $451,532
- Net Assets: $203,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Handi Bus
Revenue
$113,660
Black Hills Stage Line
Revenue
$62,098
Medicaid
Revenue
$4,085
Organization Details
Founding Year
1987
Phone
(402) 379-4595Principal Officer
Lacy Kimes
Main Address
222 N 4th St, Norfolk, NE, 68701
NTEE Category
Code: P52 - Human services
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