Overview
What is Magb Transportation Inc?
Magb Transportation Inc, based in Fairview, Oklahoma, is a nonprofit organization with a mission to provide transportation services to low-income and elderly residents living in rural areas. With a dedicated workforce of 37 individuals, Magb Transportation Inc has successfully conducted 28,159 trips, covering a remarkable distance of 844,932 miles. Their primary focus is on improving mobility and accessibility for those who may face geographical challenges, thereby enhancing their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Magb Transportation Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 75%. This rating is based solely on the Accountability & Finance beacon, indicating a strong emphasis on transparency and responsible management of resources. The organization demonstrates solid financial practices, with a program expense ratio of nearly 80%, highlighting effective allocation of funds towards its mission.
The nonprofit's governance is commendable, as it has a fully independent board with 100% of its members being independent. The organization also adheres to best practices, with established policies such as conflict of interest and document retention, earning full points in these areas. Additionally, there have been no material diversions of assets, further solidifying its commitment to integrity.
While the overall rating is favorable, it is important for potential supporters to consider the organization’s limited rating categories, as the score is based entirely on financial accountability. This could imply a lack of comprehensive evaluation in other areas such as program outcomes or community impact, which are also crucial for assessing a nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Magb Transportation Inc legitimate?
Magb Transportation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magb Transportation 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: $889,585
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What is the mission statement of Magb Transportation Inc?
Magb Transportation Inc's mission is centered around providing transportation services, specifically catering to the needs of low-income and elderly residents residing in rural areas of Oklahoma. The organization's primary objective is to ensure these individuals have reliable and convenient transportation, thereby enhancing their mobility and access to essential services. In 20XX, Magb Transportation Inc conducted 28,159 trips, covering a total distance of 844,932 miles, thereby demonstrating their commitment to fulfilling this mission.
Who is the CEO of Magb Transportation Inc?
Joe D Houk is the Chairman of Magb Transportation Inc.
What is the revenue of Magb Transportation Inc?
Magb Transportation Inc's revenue in 2022 was $1,394,613.
Who are the executives of Magb Transportation Inc and what are their salaries?
The average compensation at Magb Transportation Inc during 2022 was $24,043. There are 37 employees at Magb Transportation Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Magb Transportation Inc?
Magb Transportation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magb Transportation Inc
Magb Transportation Inc, a nonprofit organization, is committed to providing transportation services to low-income and elderly residents residing in rural Oklahoma. Their mission is centered around making mobility accessible for this specific demographic, ensuring they can navigate their daily lives with ease. In the past year, the organization has demonstrated its dedication by providing a substantial 28,159 trips and covering a total distance of 844,932 miles. These figures underscore Magb Transportation Inc's significant impact in enhancing the mobility of its target population.
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Impact
July, 2024
Magb Transportation Inc's impact is significant in providing transportation services to low-income and elderly residents of rural Oklahoma. In the city of Fairview, OK, this organization provided a total of 28,159 trips, covering 844,932 miles. Their mission of offering transportation services to those in need has made a tangible difference in the lives of individuals who may not have had access to transportation otherwise.
This information is meant to be a general summary of Magb Transportation 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 2022.
- Investment Income: $247
- Program Service Revenue: $1,072,953
- Gross Receipts: $1,394,613
Assets and Liabilities:
- Total Assets: $885,885
- Total Liabilities: $184,404
- Net Assets: $701,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Transportation revenues
Revenue
$1,072,953
Organization Details
Founding Year
1993
Phone
(580) 227-3374Principal Officer
Joe D Houk
Main Address
206 E Broadway, Fairview, OK, 73737
NTEE Category
Code: Z99 - Unknown
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