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MANHATTAN AND BRONX SURFACE TRANSIT OPERATING AUTHORITY
NEW YORK, NY · EIN 131961750 · Form 990 · FY2024 · Very Large (>$50M)
revenue
$736.1M
expenses
$1.7B
net assets
$-1.1B
employees
8,788
program ratio
75%
mission · from form 990

Provide Public Transporation in New York City boroughs of Manhattan and the Bronx

profile · synthesized from sources

Public transportation authority responsible for operating surface transit bus services in the New York City boroughs of Manhattan and the Bronx. Provides essential bus-based mobility to residents, commuters, and visitors across two of NYC's five boroughs. Functions as a subsidiary of the Metropolitan Transportation Authority (MTA).

named programs · 1 · from sources

What they call their work

Surface Bus Operations
Operates and manages local and express bus routes throughout Manhattan and the Bronx, providing scheduled public transit service
activities · 1 group

What they do

  • Commuter Mobility Services 1 activity
    • Operating public bus transportation services in Manhattan and the Bronx
      Provides fixed-route public transportation services across the boroughs of Manhattan and the Bronx, operating as a surface transit provider within New York City's public transit network.
financials · form 990 · fy2024
revenue
Total revenue$736.11M
Contributions & grants$465.78M63%
Program service revenue$270.32M37%
Investment income$00%
Other revenue$0
expenses
Total expenses$1.73B
Program expenses75%
Admin / overhead25%
Fundraising0%
Salaries & benefits$1.43B
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.40B
Cash$2.97M
Investments$0
Liabilities$2.49B
Net assets$-1.09B
Liquid reserves0.0 mo
4 years on record · 2020–2024 · YoY revenue -0.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
FRANK SALVATO SR VICE PRESIDENT 40 $337K
SAMUEL SCHAFFNER SR VICE PRESIDENT 40 $306K
THOMAS HANLEY VICE PRESIDENT 40 $294K
FRANK ANNICARO VICE PRESIDENT 40 $288K
SOFIA GEORGIADIS VICE PRESIDENT 40 $283K
board members · 19
  • ANDEW ALBERT — BOARD OF DIRECTOR
  • BLANCA P LOPEZ — BOARD OF DIRECTOR
  • CHRISTOPHER LEATHERS — BOARD OF DIRECTOR
  • DANIEL GARODNICK — BOARD OF DIRECTOR
  • DAVID R JONES — BOARD OF DIRECTOR
  • DAVID S MACK — BOARD OF DIRECTOR
  • EDWARD VALENTE — BOARD OF DIRECTOR
  • GERARD BRINGMANN — BOARD OF DIRECTOR
  • HAEDA M MIHALTSES — BOARD OF DIRECTOR
  • JAMES O'DONNELL — BOARD OF DIRECTOR
  • JOHN SAMUELSON — BOARD OF DIRECTOR
  • JOHN-ROSS RIZZO — BOARD OF DIRECTOR
  • LISA SORIN — BOARD OF DIRECTOR
  • MARC HERBST — BOARD OF DIRECTOR
  • MELVA M MILLER — BOARD OF DIRECTOR
  • MICHAEL FLEISCHER — BOARD OF DIRECTOR
  • MIDORI VALDIVIA — BOARD OF DIRECTOR
  • NEAL ZUCKERMAN — BOARD OF DIRECTOR
  • RANDOLPH GLUCKSMAN — BOARD OF DIRECTOR