Nonprofit · EIN 35-2133517
INSTITUTE FOR AFFORDABLE TRANSPORTATION INC
Tax-exempt · INDIANAPOLIS, IN 46220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $471,165 | $344,065 | $127,100 | $519,761 | $4,512 | $515,249 |
| December 31, 2023 | 990 | $319,458 | $260,973 | $58,485 | $391,281 | $3,132 | $388,149 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $464,000
- Program service revenue
- $2,696
- Investment income
- $4,469
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,616
- Other salaries and wages
- $20,602
- Salaries, compensation and benefits (total)
- $121,813
- Professional fundraising fees
- $0
- Legal fees
- $428
- Accounting fees
- $3,095
- Travel
- $5,471
- Depreciation
- $3,548
- Program services (functional)
- $300,016
- Management and general (functional)
- $37,177
- Fundraising (functional)
- $6,872
Balance sheet and other
- Total assets, start of year
- $391,281
- Total assets, end of year
- $519,761
- Total liabilities, end of year
- $4,512
- Net assets, end of year
- $515,249
- Land, buildings and equipment
- $5,322
- Net assets without donor restrictions
- $515,249
- Gross receipts
- $471,165
- Employees
- 4
- Volunteers
- 50
- Year formed
- 2000
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILL AUSTIN | EXECUTIVE DIRECTOR Officer | 40 | $88,616 |
| DAVID OLAWALE | BOARD MEMBER Trustee or director | 3 | $0 |
| AWUJOOLA ITAU | BOARD MEMBER Trustee or director | 3 | $0 |
| DOUG MCCOLGIN | BOARD MEMBER Trustee or director | 3 | $0 |
| RALPH MEYER | TREASURER Trustee or director | 5 | $0 |
| WES GERBIG | CHAIRMAN Trustee or director | 5 | $0 |
| DAVE STANK | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID OLAWALE | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE PRATT | BOARD MEMBER Trustee or director | 5 | $0 |
| AWUJOOLA ITAU | BOARD MEMBER Trustee or director | 3 | $0 |
| DOUG MCCOLGIN | BOARD MEMBER Trustee or director | 3 | $0 |
| WILL AUSTIN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| RALPH MEYER | TREASURER Trustee or director, Officer | 5 | $0 |
| WES GERBIG | CHAIRMAN Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 5868 E 71ST ST STE E199, INDIANAPOLIS, IN 46220-4095
- In care of
- % WILL AUSTIN
- Signed the 990
- WILL AUSTIN, EXECUTIVE DIRECTOR
- Phone
- (317) 213-1088
- Website
- WWW.DRIVEBUV.ORG
- Return prepared by
- Rouse CPA
Mission
TO DRIVE HOPE, CONNECT PEOPLE AND TRANSFORM LIVES THROUGH RURAL TRANSPORT SOLUTIONS
Program accomplishments
- In 2024 our Cameroon partner came to train with us in the US. IAT staff also traveled to Cameroon to meet with Ministers in the Cameroon Government. We stocked up on key parts to offset inflation. We identified a new factory partner in Uganda. We supported manufacturing training in South Sudan by sending an engineer. We hired a gifted welder for our Indiana facility. We arranged for 22 new diesel engines to Ghana to support a factory start-up there. The first full-size electric BUV (with solar assist) was sent to West Africa. We sent 4 completed BUVs to Cameroon to support product demonstrations there.Expenses $300,016
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2133517
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $519,761
- Income (IRS master file)
- $471,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $471,165 | $344,065 | $519,761 | XML |
| 990 | December 2023 | $319,458 | $260,973 | $391,281 | XML |
| 990 | December 2022 | $370,756 | $386,866 | $347,473 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2133517).
Questions about INSTITUTE FOR AFFORDABLE TRANSPORTATION INC
- What is the EIN of INSTITUTE FOR AFFORDABLE TRANSPORTATION INC?
- The employer identification number (EIN) of INSTITUTE FOR AFFORDABLE TRANSPORTATION INC is 35-2133517.
- Is INSTITUTE FOR AFFORDABLE TRANSPORTATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to INSTITUTE FOR AFFORDABLE TRANSPORTATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR AFFORDABLE TRANSPORTATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR AFFORDABLE TRANSPORTATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR AFFORDABLE TRANSPORTATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of INSTITUTE FOR AFFORDABLE TRANSPORTATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $88,616 (WILL AUSTIN, EXECUTIVE DIRECTOR).
- How much revenue does INSTITUTE FOR AFFORDABLE TRANSPORTATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $471,165, expenses of $344,065 and total assets of $519,761 at year end.
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