NonprofitsIrvine Spectrum Transportation Management Assoc

Irvine Spectrum Transportation Management Assoc

IRVINE, CA

Total revenue

$702K

Total expenses

$746K

Net assets

$956K

Grants received

EIN

330200249

Tax year

2024

Mission

The specific and primary purposes of the association are to bring about civic betterment and social improvements by providing for transportation management and services to promote ridesharing by its members' employees and tenants to address local transportation problems in the entire community on certain real property located in the geographic area of irvine, calif. Known as the irvine spectrum.among the general purposes is to promote the common good, health, safety, and general welfare of all drivers within the community. The area is comprised of approximately 1,700 acres and is home to over 3,800 companies employing in excess of 116,000 people. The association was formed to facilitate employers, developers, building owners, local government representative, and others within irvine spectrum to work together and collectively establish policies, programs, and services to reduce car traffic in the area.

Programs

2 programs

The city of irvine ("city") expanded its "ishuttle" service to the irvine spectrum area to serve the area employees and residents by connecting them via shuttle services to irvine station. In september 2011, the city and the association entered into an agreement to become funding partners for expenditures towards the operation and maintenance, bus purchase and replacement, and support costs of the irvine spectrum area service. The agreement called for a total of $283,000 funding from the association. Upon final payment of $38,000 in march 22014, the city and the association agreed to further funding commitments of $120,000 payable in three years, with quarterly payments of $10,000 each, commencing on september 30, 2014.

Transit pass subsidythe association subsidizes the cost of an orange county transit authority 30-day pass for all new bus riders in an effort to attract new rideshare participants.commuter rail pass subsidythe association subsidizes the cost of one monthly metrolink pass, or five-day flex pass for all new train riders to attract new rideshare participants.vanpool subsidythe association subsidizes the second-month costs of a new vanpool participant to attract new rideshare participants to attract new rideshare participants.

Expenses: $5K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$669K
Investment income$32K
Other revenue$1K
Total revenue$702K

Expenses

Grants paid
Salaries & benefits$554K
Fundraising
Other expenses$192K
Total expenses$746K
Total assets$1.3M
Net assets$956K

People

11 listed

NameRoleCompensation

LATASHA LOVER

VICE PRESIDENT

Board

2 hrs/wk

GOLDA EGGE

TREASURER

Board

2 hrs/wk

RONALD WAGNER

BOARD MEMBER

Board

2 hrs/wk

MIGUEL ARIAS

BOARD MEMBER

Board

2 hrs/wk

HOLLY MCMANUS

PRESIDENT

Board

2 hrs/wk

MERCY CORDERO

BOARD MEMBER

Board

2 hrs/wk

MIKE DAVIS

MEMBER EX-OFICIO

Board

2 hrs/wk

KATHY DEMPSEY

BOARD MEMBER

Board

2 hrs/wk

JASON GOROSPE

BOARD MEMBER

Board

2 hrs/wk

RYAN ARMSTRONG

MEMBER EX-OFICIO

Board

2 hrs/wk

KELLY VASQUEZ

EXECUTIVE DIRECTOR

Staff

$153K

40 hrs/wk

Details

EIN330200249
Subsection04
Ruling date1993-05
Formed1986
Employees0
Volunteers0
IRVINE SPECTRUM TRANSPORTATION MANAGEMENT ASSOC — Mission, Financials & Grants Received | Grantivo