San Diego Trolley Inc in San Diego, California (CA)

San Diego Trolley Inc
Employer Identification Number (EIN)	953576967
Name of Organization	San Diego Trolley Inc
In Care of Name	Wayne Jacobsen Esq Compliance
Address	1255 Imperial Ave Ste 900, San Diego, CA 92101-7492
Activities	Community service organization
Subsection	Social Welfare Organization
Ruling Date	04/1981
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	2012
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount	$968,463,386
Amount of Income	$56,142,992
Form 990 Revenue Amount	$56,142,992
National Taxonomy of Exempt Entities (NTEE)	Public, Society Benefit - Multipurpose and Other: Public Transportation Systems, Services

Non-representatives - add comments:

Amount of income in 2012: $56,142,992

San Diego Trolley Inc:	$56,142,992
Other organizations performing similar types of work:	$300,000

Assets in 2012: $968,463,386

San Diego Trolley Inc:	$968,463,386
Other organizations performing similar types of work:	$123,173

Expenses in 2007: $113,254,603

This organization:	$113,254,603
Other organizations performing similar types of work:	$275,680

Income to expenses ratio in 2007: 0.5

This organization:	0.5
Other organizations performing similar types of work:	1.2

Expenses allocated to program services in 2007: 90.9%

San Diego Trolley Inc:	90.9%
Other organizations performing similar types of work:	92.6%

Grants share in income in 2007: 43.4%

This organization:	43.4%
Other organizations performing similar types of work:	47.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$46,490,069	$54,831,913	$55,474,926	$56,142,992
Contributions, gifts, grants, and similar amounts received	$20,352,418	$26,202,864	$27,604,314	$24,359,239
Contributions to donor advised funds			$0	$0
Direct public support	$0	$0	$0	$0
Indirect public support	$0	$0	$0	$0
Government contributions (grants)	$20,352,418	$26,202,864	$27,604,314	$24,359,239
Program service revenue including government fees and contracts	$25,855,242	$27,933,766	$27,401,733	$31,120,170
Membership dues and assessments	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$0	$0	$0
Dividends and interest from securities	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0
Other revenue	$282,409	$695,283	$468,879	$663,583
Total expenses	$82,262,051	$105,069,740	$113,644,876	$113,254,603
Program services	$40,180,845	$94,103,882	$104,838,372	$102,893,938
Management and general	$42,081,206	$10,965,858	$8,806,504	$10,360,665
Fundraising	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0
Net assets or fund balances at end of year	$572,445,361	$1,024,310,858	$996,259,110	$968,463,386
Excess or (deficit) for the year	$-35,771,982	$-50,237,827	$-58,169,950	$-57,111,611
Net assets or fund balances at beginning of year	$-3,654,652	$572,445,361	$1,024,310,858	$996,259,110
Other changes in net assets or fund balances	$611,871,995	$502,103,324	$30,118,202	$29,315,887

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$113,254,603	$102,893,938	$10,360,665	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$275,041	$0	$275,041	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$21,983,730	$18,013,266	$3,970,464	$0
Pension plan contributions not included above	$2,785,578	$2,283,346	$502,232	$0
Employee benefits not included above	$8,271,935	$6,708,378	$1,563,557	$0
Payroll taxes	$304,253	$248,785	$55,468	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$163,312	$0	$163,312	$0
Supplies	$2,923,251	$2,877,067	$46,184	$0
Telephone	$21,077	$0	$21,077	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$116,129	$116,129	$0	$0
Equipment rental and maintenance	$2,160,659	$2,120,218	$40,441	$0
Printing and publications	$0	$0	$0	$0
Travel	$13,043	$343	$12,700	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$55,214,684	$55,214,684	$0	$0
Other expenses not covered above	$19,021,911	$15,311,722	$3,710,189	$0

	2004	2005	2006	2007
Balance Sheets
Total assets	$588,597,581	$1,043,026,169	$1,040,290,228	$1,015,070,137
Cash - non-interest-bearing	$923,587	$2,474,083	$0	$62,260
Savings and temporary cash investments	$0	$0	$0	$0
Accounts receivable less allowance for doubtful accounts	$2,484,730	$5,136,930	$32,561,293	$32,362,522
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)			$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0
Inventories for sale or use	$5,001,620	$4,677,611	$4,581,935	$6,053,012
Prepaid expenses and deferred charges	$0	$2,657	$11,627	$7,587
Investments - publicly-traded securities			$0	$0
Investments - other securities	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$1,030,734,888	$1,003,135,373	$976,584,756
Investments - other	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$580,187,644	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0	$0
Total liabilities	$16,152,220	$18,715,311	$44,031,118	$46,606,751
Accounts payable and accrued expenses	$6,738,850	$16,353,513	$41,295,718	$43,862,415
Grants payable	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0
Other liabilities	$9,413,370	$2,361,798	$2,735,400	$2,744,336
Total liabilities and net assets/fund balances	$588,597,581	$1,043,026,169	$1,040,290,228	$1,015,070,137
Total net assets or fund balances	$572,445,361	$1,024,310,858	$996,259,110	$968,463,386

	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$41,872,856	$54,831,913	$55,474,926	$56,142,992
Total revenue, gains, and other support per audited financial statements	$46,490,068	$26,156,252	$27,420,820	$24,418,597
Other expenses	$0	$0	$0	$0
Net unrealized gains on investments	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0
Other	$0	$0	$0	$0
Other revenue	$0	$28,675,661	$28,054,106	$31,724,395
Investment expenses	$0	$0	$0	$0
Other	$0	$28,675,661	$28,054,106	$31,724,395

	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$82,262,051	$105,069,740	$113,644,876	$113,254,603
Total expenses and losses per audited financial statements	$82,262,051	$105,069,740	$113,644,876	$113,254,603
Other revenue	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0
Losses	$0	$0	$0	$0
Other	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0
Other	$0	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$218,424	$29,175	$190

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	Yes
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$31,783,753	$0
Program service revenue
Program service revenue 1	000000	$0	Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)	$31,120,170	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)	$663,583	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0
Other income	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	San Diego Trolley Inc	1255 Imperial Ave Ste 900, San Diego, CA 92101-7492	CA	1981-04	$56,142,992
2	City Of Santa Clara Public Faciliti Facilities Financing Corporation	1500 Warburton Ave, Santa Clara, CA 95050-3713	CA	1999-02	$2,507,316
3	North Natomas Transportation Management Assn	1918 Del Paso Rd Ste 100, Sacramento, CA 95834-7712	CA	2013-02	$1,436,088
4	Mobility 21	1 Park Plz Ste 600, Irvine, CA 92614-5987	CA	2012-01	$599,863
5	San Leandro Transit Management Organization	835 E 14th St, San Leandro, CA 94577-3767	CA	2004-04	$407,200
6	Santa Barbara Bicycle Coalition	PO BOX 92047, Santa Barbara, CA 93190-2047	CA	1995-08	$339,302
7	South Bay Westside Transportation Management Association	6080 Center Drive, Los Angeles, CA 90045-9209	CA	2011-06	$318,552
8	Community Transportation Agency Inc	PO BOX 246, Galt, CA 95632-0246	CA	2001-05	$317,267
9	Mountain View Transportation Management Association	1676 North California Blvd, Walnut Creek, CA 94596-4144	CA	2014-09	$300,000
10	San Diego Vintage Trolley Inc	1255 Imperial Ave Ste 1000, San Diego, CA 92101-7490	CA	2006-08	$234,242
11	West Alameda Transportation Demand Management Association	66 Franklin St Ste 200, Oakland, CA 94607-3726	CA	2014-12	$41,113
12	Angeleno Heights Trolley Line Inc	967 E Edgeware Rd, Los Angeles, CA 90026	CA	2003-05	$0
13	Kalita Corporation Inc	15519 Andorra Way, San Diego, CA 92129-1109	CA	2007-06	$0
14	Riverside Mlk Monument Visionaries Foundation Tr	5837 Walter Street, Riverside, CA 92504-1526	CA	1993-08	$0
15	San Diego Airspace Users Group	3750 John J Montgomery Dr, San Diego, CA 92123-1733	CA	2002-03	$0
16	San Miguel Mountain Public Tollway Corporation	707 Broadway Ste 1600, San Diego, CA 92101-5378	CA	2000-04	$0
17	Santa Cruz Prt Inc	114 Swift Sty, Santa Cruz, CA 95060	CA	2009-07	$0
18	Sierrama Drive Road Association	P O Box 302, Shingle Springs, CA 95682	CA	1999-12	$0
19	Trailseekers Of Moreno Valley	Po Box 6232, Moreno Valley, CA 92554	CA	1995-09	$0
20	Transportation Research Andeducation Committee Inc	360 Campus Ln Ste 102, Fairfield, CA 94534-1572	CA	2007-11	$0

Number of organizations performing similar types of work

Alaska	3
Alabama	5
Arkansas	1
Arizona	6
California	23
Colorado	13
Connecticut	2
District of Columbia	6
Florida	13
Georgia	12
Iowa	2
Idaho	1
Illinois	7
Indiana	4
Kansas	4
Kentucky	2
Louisiana	4
Massachusetts	6
Maryland	7
Maine	4
Michigan	8
Minnesota	6
Missouri	8

Mississippi	4
Montana	1
North Carolina	9
North Dakota	1
New Hampshire	4
New Jersey	6
New Mexico	2
Nevada	5
New York	17
Ohio	5
Oklahoma	1
Oregon	6
Pennsylvania	15
South Carolina	3
South Dakota	5
Tennessee	5
Texas	12
Utah	4
Virginia	10
Vermont	8
Washington	8
Wisconsin	4
West Virginia	3

Total

285

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