Overview
What is Mckinney Avenue Transit Authority?
The Mckinney Avenue Transit Authority is a nonprofit organization situated in Dallas, Texas, specifically at 3153 Oak Grove Avenue, 75204. Its primary purpose is to preserve, operate, and maintain the historic charm of Dallas by refurbishing and operating a trolley car system along the McKinney Avenue line. This initiative aims to revive the vintage ambiance of the city, providing a unique transportation experience for its residents and visitors. With a team of 39 dedicated individuals, Mckinney Avenue Transit Authority contributes to the cultural and historical preservation of Dallas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Stars
The McKinney Avenue Transit Authority has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is solely derived from their Accountability & Finance metrics, where they achieved a rating of 67%. This score reflects a solid performance in financial transparency and governance.
The organization demonstrates several strengths, including having a fully independent board with all 8 members meeting this criterion. Additionally, they have shown no material diversion of assets, which is a positive indicator of fiscal responsibility. Their program expense ratio is also commendable at nearly 80%, suggesting a commitment to utilizing funds effectively towards their mission.
However, the overall rating of 67% implies areas for improvement, particularly in enhancing their financial practices further. While the high scores in various accountability metrics are encouraging, the two-star rating indicates that potential donors should consider this when making contributions, as there may be underlying factors affecting the overall score.
This AI summary has been generated from information found on Charity Navigator.
Is Mckinney Avenue Transit Authority legitimate?
Mckinney Avenue Transit Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mckinney Avenue Transit 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: $918,078
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What is the mission statement of Mckinney Avenue Transit Authority?
The Mckinney Avenue Transit Authority is dedicated to preserving the historic charm of a particular city, achieved by refurbishing and operating a trolley car system along a specific avenue. Their mission is primarily focused on maintaining the historical ambiance, ensuring the operation of these vintage trolley cars. This organization plays a significant role in revitalizing the city's heritage, making it an essential part of its cultural landscape.
Who is the CEO of Mckinney Avenue Transit Authority?
Phil Cobb is the Chairman Of of Mckinney Avenue Transit Authority.
What is the revenue of Mckinney Avenue Transit Authority?
Mckinney Avenue Transit Authority's revenue in 2021 was $2,237,823.
Who are the executives of Mckinney Avenue Transit Authority and what are their salaries?
The average compensation at Mckinney Avenue Transit Authority during 2021 was $23,540. There are 39 employees at Mckinney Avenue Transit Authority.
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Where can I find the form 990 for Mckinney Avenue Transit Authority?
Mckinney Avenue Transit Authority's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Mckinney Avenue Transit Authority
The McKinney Avenue Transit Authority, a notable organization, is committed to preserving and enhancing the historic character of Dallas. They achieve this by refurbishing and operating a vintage trolley car system along the McKinney Avenue line in the city. The organization's primary objective is to maintain the historic ambiance of Dallas, contributing to its rich heritage and cultural appeal. By restoring and operating these classic trolley cars, the McKinney Avenue Transit Authority brings a touch of nostalgia and charm to the city, making it an attractive destination for both locals and tourists alike.
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Impact
July, 2024
The McKinney Avenue Transit Authority's impact lies in preserving the historic ambiance of Dallas through the refurbishment and operation of a trolley car system on the McKinney Avenue line. By restoring, operating, and maintaining historic trolley cars, the organization contributes to the cultural and artistic identity of Dallas, enhancing the experience for residents and visitors alike. Additionally, the trolley system provides a unique and environmentally-friendly mode of transportation that adds to the charm and accessibility of the city.
This information is meant to be a general summary of Mckinney Avenue Transit 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 2021.
- Investment Income: $166
- Program Service Revenue: $1,647,658
- Gross Receipts: $2,238,581
Assets and Liabilities:
- Total Assets: $1,666,425
- Total Liabilities: $85,096
- Net Assets: $1,581,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NOR. CEN. TX COUNCIL OF GOV.
Revenue
$683,922
DART AGREEMENT
Revenue
$374,997
DART AGREEMENT - FEDERAL REV.
Revenue
$274,677
ADVERTISING
Revenue
$165,549
FUNDRAISING EVENTS
Revenue
$106,028
Organization Details
Founding Year
1983
Principal Officer
Phil Cobb
Main Address
3153 OAK GROVE AVENUE, DALLAS, TX, 75204
NTEE Category
Code: A80 - Arts
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