TRANSITCENTER INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TRANSITCENTER INC (EIN 13-4146467)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-15
- IRS object ID
- 201223209349301102
- Schema version
- 2011v1.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-15T06:41:46-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 West Avenue | AddressLine1 |
| City | Jenkintown | City |
| State | PA | State |
| ZIP Code | 19046 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134146467 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRANSITCENTER INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % BTQ FINANCIAL | InCareOfName |
| Name Control | TRAN | NameControl |
| Phone | 2123292000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 PARK AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10166 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROSEMARY SCANLON | Name |
| Title | CHAIRMAN | Title |
| Date Signed | 2012-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David A Gruber | Name |
| Phone | 2158818800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROSEMARY SCANLON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 PARK AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10166 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 31182637 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TRANSITCENTER.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TRANSITCENTER'S MISSION IS TO ENCOURAGE GREATER USE OF PUBLIC AND PRIVATE TRANSIT SERVICES IN ORDER TO REDUCE TRAFFIC CONGESTION AND AIR POLLUTION. SEE DETAILED MISSION STATEMENT IN SCHEDULE O. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 97 | TotalNbrEmployees |
| Total Nbr Volunteers | 5 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 21053595 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 29494252 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 54750 | InvestmentIncomePriorYear |
| Investment Income Current Year | 41427 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1285742 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1646958 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 22394087 | TotalRevenuePriorYear |
| Total Revenue Current Year | 31182637 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9778634 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 10199998 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 17506 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8949133 | OtherExpensePriorYear |
| Other Expenses Current Year | 8817207 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 18727767 | TotalExpensesPriorYear |
| Total Expenses Current Year | 19017205 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3666320 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 12165432 | RevenuesLessExpensesCY |
| Total Assets BOY | 97639571 | TotalAssetsBOY |
| Total Assets EOY | 86147118 | TotalAssetsEOY |
| Total Liabilities BOY | 82322854 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 58664969 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15316717 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 27482149 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | FOR CALENDAR YEAR 2011, TRANSITCENTER, INC. ("TRANSITCENTER" OR THE "CORPORATION") WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION, UNDER NEW YORK LAW ON MAY 23, 2000. AS A NEWLY-FORMED ENTITY, TRANSITCENTER SUCCEEDED TO THE PROGRAMS (THE "PREDECESSOR PROGRAMS") CARRIED ON UNDER A 1986 OPERATING AGREEMENT AMONG THE PORT AUTHORITY TRANS-HUDSON CORPORATION ("PATH") ; THE NEW YORK METROPOLITAN TRANSPORTATION AUTHORITY ("MTA"), A STATE-CREATED PUBLIC AUTHORITY; AND NEW JERSEY TRANSIT CORPORATION ("NJ TRANSIT"), THE STATE-WIDE RAIL AND BUS TRANSIT AGENCY OF NEW JERSEY. MTA IS THE PARENT AUTHORITY OF THE MTA LONG ISLAND RAIL ROAD ("LIRR"), MTA METRO-NORTH RAILROAD ("METRO-NORTH") AND MTA NEW YORK CITY TRANSIT ("NYC TRANSIT"). THE OPERATING AGREEMENT PROVIDED THAT PATH WOULD ACT AS THE HOST AGENCY FOR THE PREDECESSOR PROGRAMS AND CARRY OUT ALL OTHER REQUIRED FUNCTIONS. THOSE PROGRAMS INCLUDED A TRANSIT VOUCHER SYSTEM, MARKETING ACTIVITIES, TRANSIT PASS PROGRAMS AND INFORMATIONAL SERVICES. FR | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 4825081 | Expense |
| Revenue | 9342363 | Revenue |
| Description | THE TRANSITCHEK PROGRAM, WHICH WAS SOLD TO WAGEWORKS, INC ON FEBRUARY 1, 2012, IS AN INNOVATIVE METHOD OF AIDING EMPLOYERS IN PROVIDING TO THEIR EMPLOYEES THE OPPORTUNITY TO TAKE ADVANTAGE OF THE TAX-FREE TRANSIT BENEFIT PROGRAM AUTHORIZED UNDER SECTION 132(F) OF THE INTERNAL REVENUE CODE (THE "CODE") QUALIFIED TRANSPORTATION FRINGES. TRANSIT FARE MEDIA, AND OTHER BENEFIT PRODUCTS THAT CAN BE USED TO PURCHASE TRANSIT FARE MEDIA, ARE SHIPPED DIRECTLY TO THE EMPLOYER WHO, IN TURN, RE-DISTRIBUTES IT TO THE EMPLOYEE. TRANSITCHEK VOUCHERS AND ELECTRONIC STORED VALUE CARDS THAT ENABLE EMPLOYEES TO USE TAX-FREE FUNDS, UP TO $230 A MONTH AS OF MARCH 1, 2009, TO EFFICIENTLY AND CONVENIENTLY PURCHASE "FARE MEDIA" FROM TRANSIT OPERATORS ACROSS THE COUNTRY (INCLUDING SUBWAY, BUS, PASSENGER RAIL, FERRY AND VANPOOLS). THE TRANSITCHEK PROGRAM ALSO PROVIDES VARIOUS TYPES OF TRANSIT PASSES, (SUCH AS THE NEW YORK CITY TRANSIT METROCARD), TO EMPLOYERS FOR DISTRIBUTION TO EMPLOYEES, AS ANOTHER MEANS TO OFFER THE TAX-FREE BENEFIT. THE TRANSITCHEK PROGRAM PROVIDES A CONVENIENT MECHANISM FOR EMPLOYERS TO PROVIDE THE TRANSPORTATION BENEFIT UNDER SECTION 132(F) OF THE CODE TO EMPLOYEES. TRANSITCENTER HAS OPERATED THE TRANSITCHEK PROGRAM SINCE JANUARY 1, 2001. THE TRANSITCHEK PROGRAM WAS FIRST IMPLEMENTED ON OCTOBER 7, 1987, THROUGH AN INTERAGENCY PARTNERSHIP OF PUBLIC AGENCIES (MTA, PATH AND NJ TRANSIT) AND THE BUSINESS COMMUNITY REPRESENTED BY THE NEW YORK CITY CHAMBER OF COMMERCE AND INDUSTRY. THE GOAL OF THE PROGRAM WAS TO INCREASE THE USE OF MASS TRANSPORTATION BY MAKING IT ADMINISTRATIVELY EASIER FOR EMPLOYERS AND EMPLOYEES TO TAKE ADVANTAGE OF THE TRANSPORTATION-RELATED TAX BENEFITS MADE AVAILABLE BY CONGRESS, ALL IN THE CONTEXT OF A REGION WHICH IS SERVED BY AN EXTREMELY COMPLEX NETWORK OF DIVERSE TRANSPORTATION PROVIDERS. THE TRANSITCHEK PROGRAM WAS ADMINISTERED BY THE CORPORATION. IN CONNECTION WITH ITS OPERATION OF THE TRANSITCHEK PROGRAM, THE CORPORATION PERFORMED THE FOLLOWING MAJOR SERVICES: 1) MARKETED THE BENEFITS OF MASS TRANSPORTATION AND THE USE OF TRANSITCHEK TO EMPLOYERS AND EMPLOYEES; 2) OPERATED THE TRANSITCHEK ORDER DELIVERY AND CUSTOMER SERVICE FUNCTIONS; 3) MANAGED THE TRANSITCHEK PAYMENT SYSTEM TO ENSURE THAT ALL PARTICIPATING TRANSIT AND VANPOOL OPERATORS RECEIVE PAYMENT FOR FARE MEDIA WHEN ACCEPTING TRANSITCHEK VOUCHERS OR ELECTRONIC STORED VALUE CARDS; AND 4) PROVIDED REPORTS AND ANALYSIS OF THE PROGRAM'S PERFORMANCE. TRANSITCHEK ALSO MARKETS THE METROCARD PROGRAM AT ITS OWN EXPENSE, AND PAYS THE COST OF PRINTING AND PACKING THE CARDS. THE CORPORATION EXPANDED THE REACH OF THE TRANSITCHEK PROGRAM TO OTHER MARKETS NATIONWIDE. THE CORPORATION LESSENED THE BURDENS OF THE GOVERNMENT BY ADMINISTERING THE TRANSITCHEK PROGRAM AND THUS ELIMINATING THAT RESPONSIBILITY FROM THE VARIOUS MASS TRANSPORTATION AGENCIES THROUGHOUT THE NATION, WHILE HELPING TO ACHIEVE KEY GOVERNMENTAL GOALS TO REDUCE TRAFFIC CONGESTION AND AIR POLLUTION BY FACILITATING THE USE OF MASS TRANSPORTATION. BY ASSISTING EMPLOYERS AND EMPLOYEES AND EXPANDING THE USE OF MASS TRANSPORTATION, THE CORPORATION IS DIRECTLY SUPPORTED THE VARIOUS TRANSPORTATION AGENCIES IN THE REGION AND RELIEVED THEM OF MANY BURDENS RELATED TO THE MARKETING AND ADMINISTRATION OF THEIR PROGRAMS AND OPERATIONS. A 2008 SURVEY CONDUCTED BY BUSINESSWEEK RESEARCH SERVICES IN PARTNERSHIP WITH TRANSITCENTER, FOUND THAT THE TRANSITCHEK PROGRAM, ALONG WITH THE PREMIUM TRANSITCHEK PROGRAM DISCUSSED BELOW, DOES INCREASE THE USE OF MASS TRANSPORTATION. THE SURVEY FOUND THAT 18% OF TRANSIT BENEFIT USERS INCLUDING TRANSITCHEK USERS SURVEYED SAID THAT THEY DID NOT USE MASS TRANSIT BEFORE RECEIVING TRANSIT BENEFITS. THE TRANSITCHEK PROGRAM HAS, THUS, MADE AN IMPACT ON TRANSIT RIDERSHIP, PROVIDES SUBSTANTIAL BENEFITS TO MASS TRANSPORTATION AGENCIES BY RELIEVING THEM OF THE BURDEN OF SELLING THEIR TRANSIT PASSES, AND REDUCED CONGESTION AND AIR POLLUTION. WITH THE SALE OF THE TRANSITCHEK PRODUCT IN 2012, THE TRANSITCENTER BOARD AND STAFF WILL CONTINUE TO ENGAGE IN ACTIVITIES TO ACHIEVE ITS MISSION OF REDUCING TRAFFIC CONGESTION, INCREASING USE OF PUBLIC TRANSPORTATION AND PRESERVING THE ENVIRONMENT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4825082 | Expense |
| Revenue | 9342363 | Revenue |
| Description | IN 2011, TRANSITCENTER OPERATED THE TRANSITCHEK PROGRAM, WHICH WAS SOLD TO WAGEWORKS, INC ON FEBRUARY 1, 2012. THE PREMIUM TRANSITCHEK PROGRAM ALLOWS EMPLOYERS TO ARRANGE TO HAVE THEIR EMPLOYEES OBTAIN THE TRANSIT TAX BENEFIT CONVENIENTLY BY RECEIVING THEIR TAX-FREE BENEFIT DIRECTLY FROM TRANSITCENTER. EMPLOYERS WHO PARTICIPATE IN THE PREMIUM TRANSITCHEK PROGRAM ENROLL VIA THE INTERNET AT A SECURE WEBSITE CREATED AND MAINTAINED BY TRANSITCENTER, OR BY CALLING A TOLL-FREE TELEPHONE NUMBER. EMPLOYEES RECEIVE A TRANSIT BENEFIT APPROPRIATE FOR THE TYPE OF TRANSIT COMMUTE THEY MAKE IN THE FORM OF A TRANSITCHEK VOUCHER, PREMIUM TRANSITCHEK METROCARD, OTHER TRANSIT PASSES, OR AN ELECTRONIC STORED VALUE CARD. THE PREMIUM TRANSITCHEK PROGRAM CAN ALSO BE USED IN CONJUNCTION WITH TRANSIT OPERATORS' TICKET-BY-MAIL PROGRAMS, WHICH ARE FAR MORE EFFICIENT AND LESS COSTLY FOR TRANSIT OPERATORS THAN SELLING TICKETS AT RAIL AND BUS STATIONS. THE PREMIUM TRANSITCHEK PROGRAM, IN DECREASING THE COST AND INCREASING THE EFFICIENCY OF SELLING TICKETS TO COMMUTERS IN REGIONS MARKED BY EXTREMELY COMPLEX TRANSIT SYSTEMS LIKE NEW YORK AND SAN FRANCISCO FURTHERS THE CORPORATION'S EXEMPT PURPOSE BY LESSENING THE BURDEN OF GOVERNMENT. EMPLOYERS, IN TURN, ARE MORE LIKELY TO PARTICIPATE IN THE TRANSIT TAX BENEFIT PROGRAM BY REASON OF THE AVAILABILITY, AND EASE OF USE OF THE PROGRAM, AND AS A RESULT MORE EMPLOYEES ARE LIKELY TO USE MASS TRANSPORTATION, THEREBY ALSO FURTHERING THE CORPORATION'S GOALS OF REDUCING TRAFFIC CONGESTION AND AIR POLLUTION. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3216721 | Expense |
| Revenue | 6228242 | Revenue |
| Description | PRIOR TO THE SALE OF THE TRANSITCHECK PROGRAM IN 2012, AS PART OF TRANSITCHEK AND PREMIUM TRANSITCHEK, THE CORPORATION MARKETED AND SOLD FARE MEDIA DIRECTLY TO EMPLOYERS AND EMPLOYEES, THEREBY LESSENING THE COST AND BURDEN TO THE TRANSPORTATION AGENCIES OF MARKETING AND SELLING FARE MEDIA. THE CORPORATION MARKETED AND SOLD MAGNETIC FARE CARDS, SUCH AS NYC TRANSIT'S METROCARDS, THROUGH THE TRANSITCHEK PROGRAM. MAGNETIC FARE CARDS REPLACE TOKENS, AND REPRESENT A MODERN, EFFICIENT METHOD OF PAYING FOR TRAVEL ON NEW YORK CITY SUBWAYS AND BUSES. BEFORE THE SALE IN 2012, TRANSITCHEK MARKETED THE METROCARD PROGRAM AT ITS OWN EXPENSE, AND PAID THE COST OF PRINTING AND PACKING THE CARDS. THE CORPORATION ALSO MARKETED THE PREMIUM TRANSITCHEK METROCARD ("PREMIUM CARD") PROGRAM. THE PREMIUM CARD ALLOWED EMPLOYEES TO RECEIVE A YEARLY "UNLIMITED RIDE" METROCARD. THIS CARD REDUCED THE VOLUME OF TRAVELERS WHO NEED TO PURCHASE METROCARDS AT STATION BOOTHS AND REDUCED THE OPERATING COSTS OF THE METROCARD SYSTEM. THE PROGRAM WAS DEVELOPED BY TRANSITCENTER IN PARTNERSHIP WITH NEW YORK STATE'S METROPOLITAN TRANSPORTATION AUTHORITY'S NYC TRANSIT TO ASSIST THE NEW YORK CITY MUNICIPAL GOVERNMENT IN PROVIDING THE TRANSIT TAX BENEFIT TO CITY EMPLOYEES IN AN EFFICIENT MANNER. THE CORPORATION EXPANDED THE PROGRAM TO INCLUDE PRIVATE EMPLOYERS THROUGHOUT THE REGION THROUGH THE INCORPORATION OF THE PREMIUM CARD INTO TRANSITCENTER'S PREMIUM TRANSITCHEK PROGRAM. AS IN THE CASE WITH THE TRANSITCHEK PROGRAM, THE TRANSIT PASS PROGRAMS LESSENED THE BURDEN ON GOVERNMENTAL AGENCIES BY DISTRIBUTING FARE MEDIA IN A MORE COST-EFFECTIVE MANNER, THEREBY REDUCING THE AGENCIES' OPERATING COSTS AND THEIR NEED TO INCREASE FARES. THE PREMIUM CARD PROGRAM ALSO LESSENED THE BURDENS OF OPERATING ITS OWN EMPLOYEE TRANSIT PROGRAM FOR THE NEW YORK CITY GOVERNMENT. BY SUPPORTING AND PROMOTING THE USE OF MASS TRANSPORTATION, THE TRANSIT PASS PROGRAM REDUCED TRAFFIC CONGESTION AND AIR POLLUTION, LESSENED THE BURDENS OF GOVERNMENT, AND WAS IN FURTHERANCE OF THE CORPORATION'S EXEMPT PURPOSES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 3216721 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 6228242 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 16083605 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | false | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 97 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BTQ FINANCIAL | NamePerson |
| Telephone Number | 2129012500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 BROAD STREET 15TH FL | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| ROSEMARY SCANLON | ||||||||
| CHAIR | 2.0 | X | 0 | 0 | 1233 | |||
| MAXINE FINKELSTEIN | ||||||||
| DIRECTOR | 2.0 | X | 1233 | |||||
| N VENU GOPAL | ||||||||
| DIRECTOR | 2.0 | X | 1233 | |||||
| HENRY LANIER | ||||||||
| DIRECTOR | 2.0 | X | 1233 | |||||
| ANDREW MCKEON | ||||||||
| DIRECTOR | 2.0 | X | 1233 | |||||
| DANIEL NEUBURGER | ||||||||
| PRES, CEO, DIRECTOR | 47.5 | X | 411896 | 25748 | X | |||
| EDWARD TAFFET | ||||||||
| SECRETARY & GEN'L CO | 45.0 | 324616 | 14716 | X | ||||
| DAVID SCHWARTZ | ||||||||
| TREASURER & CFO | 45.0 | 365502 | 27625 | X | ||||
| NATHALIE VANHEUSDEN | ||||||||
| BUS. DEVELOPMENT OFF | 45.0 | 281762 | 12179 | X | ||||
| EDWARD CANNON | ||||||||
| CHIEF INFORMATION OF | 45.0 | 191534 | 21910 | X | ||||
| DANIEL FANOK | ||||||||
| VP, HUMAN RESOURCES | 45.0 | 214362 | 12013 | X | ||||
| ROSA DACHILLE | ||||||||
| HR & DEVELOPMENT DIR | 45.0 | 175314 | 13798 | X | ||||
| JOSEPH MICARA | ||||||||
| VICE PRESIDENT, SALES | 45.0 | 190129 | 25450 | X | ||||
| KATHLEEN MCMINN | ||||||||
| VICE PRESIDENT, MARKETING | 45.0 | 184967 | 12077 | X | ||||
| BARBARA KLEIN | ||||||||
| VP, CUSTOMER SERVICE | 45.0 | 174467 | 10052 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2514549 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 181733 | TotalOtherCompensation |
| Number Individuals GT100 K | 10 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FULBRIGHT JAWORSKI LLP | |||||
| 666 FIFTH AVENUE | NEW YORK | NY | 10103 | LEGAL | 438263 |
| EISNERAMPER LLP | |||||
| 2015 LINCOLN HIGHWAY | EDISON | NJ | 08817 | AUDIT | 130730 |
| FIS | |||||
| PO BOX 88440 | MILWAUKEE | WI | 53288 | PRODUCT PROCESSING | 3191575 |
| MAKOVSKY COMPANY INC | |||||
| 16 EAST 34TH STREET | NEW YORK | NY | 10016 | MARKETING | 159902 |
| THE ATLANTIC GROUP | |||||
| 1156 6TH AVENUE | NEW YORK | NY | 10036 | CONSTRUCTION | 136747 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| COMMISSIONS | 485000 | 17583951 | 17583951 |
| EXPIRED PRODUCTS | 485000 | 10863766 | 10863766 |
| PACKAGING AND OTHER FEES | 485000 | 1046535 | 1046535 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 29494252 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41427 | TotalRevenueColumn |
| Exclusion | $41,427 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTERCHANGE REVENUE | Description |
| Business Code | 485000 | BusinessCode |
| Total Revenue Column | 1646958 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1646958 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1646958 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 31182637 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31141210 | RelatedOrExemptFunctionIncome |
| Exclusion | $41,427 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1677488 | Total |
| Program Services | 1284059 | ProgramServices |
| Management And General | 375923 | ManagementAndGeneral |
| Fundraising | 17506 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6797463 | Total |
| Program Services | 5489745 | ProgramServices |
| Management And General | 1307718 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 231611 | Total |
| Program Services | 187045 | ProgramServices |
| Management And General | 44566 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 829785 | Total |
| Program Services | 679864 | ProgramServices |
| Management And General | 149921 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 663651 | Total |
| Program Services | 494716 | ProgramServices |
| Management And General | 168935 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170526 | Total |
| Management And General | 170526 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120730 | Total |
| Management And General | 120730 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72000 | Total |
| Program Services | 72000 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 856205 | Total |
| Program Services | 855605 | ProgramServices |
| Management And General | 600 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 715961 | Total |
| Program Services | 661520 | ProgramServices |
| Management And General | 54441 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 467616 | Total |
| Program Services | 467616 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1483762 | Total |
| Program Services | 1208693 | ProgramServices |
| Management And General | 275069 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87775 | Total |
| Program Services | 75642 | ProgramServices |
| Management And General | 12133 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115401 | Total |
| Program Services | 69639 | ProgramServices |
| Management And General | 45762 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 937970 | Total |
| Program Services | 873137 | ProgramServices |
| Management And General | 64833 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 203597 | Total |
| Program Services | 143133 | ProgramServices |
| Management And General | 60464 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| PRODUCT PROCESSING | 2911713 | 2911713 | |
| RAW MATERIALS | 278072 | 278072 | |
| BAD DEBTS | 157770 | 157770 | |
| PLACEMENT FEES | 71286 | 60030 | 11256 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166823 | Total |
| Program Services | 113606 | ProgramServices |
| Management And General | 53217 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19017205 | Total |
| Program Services | 16083605 | ProgramServices |
| Management And General | 2916094 | ManagementAndGeneral |
| Fundraising | 17506 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 661464 | BOY |
| EOY | -907577 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81675374 | BOY |
| EOY | 75368863 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3980220 | BOY |
| EOY | 1157403 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6482132 | BOY |
| EOY | 6514329 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 241147 | BOY |
| EOY | 1008406 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16644458 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 14098507 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2536080 | BOY |
| EOY | 2545951 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2063154 | BOY |
| EOY | 459743 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97639571 | BOY |
| EOY | 86147118 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3002761 | BOY |
| EOY | 3639261 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71075 | BOY |
| EOY | 130081 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79249018 | BOY |
| EOY | 54895627 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82322854 | BOY |
| EOY | 58664969 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15316717 | BOY |
| EOY | 27482149 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15316717 | BOY |
| EOY | 27482149 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 97639571 | BOY |
| EOY | 86147118 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 12165432 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16810594 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 42474715 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20845681 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 21053595 | CurrentTaxYearMinus1Year |
| Current Tax Year | 29494252 | CurrentTaxYear |
| Total | 130678837 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16810594 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 42474715 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20845681 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 21053595 | CurrentTaxYearMinus1Year |
| Current Tax Year | 29494252 | CurrentTaxYear |
| Total | 130678837 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 130678837 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1977340 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1076703 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 182449 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 54750 | CurrentTaxYearMinus1Year |
| Current Tax Year | 41427 | CurrentTaxYear |
| Total | 3332669 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1977340 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1076703 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 182449 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 54750 | CurrentTaxYearMinus1Year |
| Current Tax Year | 41427 | CurrentTaxYear |
| Total | 3332669 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 912597 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 882579 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1044613 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1285742 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1646958 | CurrentTaxYear |
| Total | 5772489 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 19700531 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 44433997 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 22072743 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22394087 | CurrentTaxYearMinus1Year |
| Current Tax Year | 31182637 | CurrentTaxYear |
| Total | 139783995 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.93486 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.91790 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.02384 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.04940 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $157,300 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $11,508 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 168808 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part IV | Political Activities | GRASSROOTS LOBBYING ACTIVITIES |
| DIRECT LOBBYING ACTIVITIES | FORM 990 - SCHEDULE C, PART II B, LINE 1G | TransitCenter staff and consultants engaged in direct lobbying activities in support of the transit portion of the federal pre-tax commuter benefit. Advocacy activities centered on efforts to extend tax legislation that increased the pre-tax monthly limit for the transit benefit to the same level as the parking portion of the commuter benefit. A provision was included in the American Recover and Reinvestment Act of 2009 to increase the transit benefit to the same level as the parking level on a temporary basis. After a one year extension of this provision in 2010, it was set to expire on December 31, 2011. TransitCenter contacted members of the U.S Senate and House of Representatives to seek inclusion of a provision as part of larger tax or transportation related legislation to further extend the increased monthly limit of the transit portion of the commuter benefit. |
| OTHER LOBBYING EXPENSES | FORM 990 - SCHEDULE C, PART II-B, LINE 1I | TransitCenter paid dues in the amount of $1000 to the Employers Council on Flexible Benefits and $508 to the American Public Transportation Association to support their lobbying efforts to extend the provision to extend parity between the parking and transit portions of the commuter benefit, and for general advocacy in support of public transportation. TransitCenter paid dues in the amount of $10,000 to support the activities of the Commuter Benefits Work for Us Coalition. The primary function of the coalition was to develop and support an advocacy website, www.commuterbenefitsworkforus.com, which encouraged and facilitated supporters of the transit commuter benefit to send letters to their Members of Congress to encourage them to support efforts to maintain parity between the transit and parking portions of the commuter benefit. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1637507 | OtherCostOrOtherBasis |
| Depreciation | 864389 | Depreciation |
| Book Value | 773118 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13753145 | OtherCostOrOtherBasis |
| Depreciation | 12554333 | Depreciation |
| Book Value | 1198812 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1253806 | OtherCostOrOtherBasis |
| Depreciation | 679785 | Depreciation |
| Book Value | 574021 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2545951 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AMOUNTS PAYABLE TO TRANSIT OPERATORS | Description |
| Amount | $54,895,627 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 54895627 | TotalOfAmounts |
| Total Revenue | 31182637 | TotalRevenue |
| Total Expenses | 19017205 | TotalExpenses |
| Excess Or Deficit For Year | 12165432 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 12165432 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 31182637 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 31182637 | RevenueSubtotal |
| Total Revenue Per Form990 | 31182637 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 19017205 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 19017205 | ExpensesSubtotal |
| Total Expenses Per Form990 | 19017205 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART X, LINE 2 | Identifier |
| Explanation | U.S. GAAP requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their federal or state tax returns. Management has evaluated the impact of this standard on its financial statements and believes that there are no uncertain tax positions. The Company's federal and state information returns are subject to examination by the Internal Revenue Service and the various states the Company files in for three years from the date the returns are filed. The 2008, 2009 and 2010 information returns are available for such examination. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|
| EDWARD TAFFET | ||||
| 260653 | 63963 | 7314 | 7402 | 339332 |
| NATHALIE VANHEUSDEN | ||||
| 227770 | 53992 | 6420 | 5759 | 293941 |
| DAVID SCHWARTZ | ||||
| 291308 | 74194 | 7350 | 20275 | 393127 |
| DANIEL FANOK | ||||
| 182936 | 31426 | 4658 | 7355 | 226375 |
| DANIEL NEUBURGER | ||||
| 346708 | 65188 | 5016 | 20732 | 437644 |
| EDWARD CANNON | ||||
| 190694 | 840 | 2415 | 19495 | 213444 |
| ROSA DACHILLE | ||||
| 149792 | 25522 | 4113 | 9685 | 189112 |
| JOSEPH MICARA | ||||
| 182333 | 7796 | 20260 | 5190 | 215579 |
| KATHLEEN MCMINN | ||||
| 181494 | 3473 | 2120 | 9957 | 197044 |
| BARBARA KLEIN | ||||
| 148109 | 26358 | 3999 | 6053 | 184519 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 990 REVIEW PROCESS | FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO THE NOVEMBER 15TH FILING DATE, THE BOARD'S AUDIT COMMITTEE AND STAFF WORKED WITH THE CFO AND STAFF OF WAGEWORKS, INC, TO GATHER ALL NECESSARY INFORMATION FOR THIS REPORT AS IT PERTAINED TO BUSINESS OPERATIONS IN 2011. THESE WAGEWORKS STAFF WERE, PRIOR TO THE FEBRUARY 1, 2012 SALE OF THE TRANSITCHEK BUSINESS TO WAGEWORKS, EMPLOYED BY TRANSITCENTER AND CRITICAL TO OUR BUSINESS OPERATIONS IN 2011. THE AUDIT COMMITTEE AND STAFF THEN RELAYED THIS INFORMATION TO THE INDEPENDENT AUDITORS TO PREPARE THE RETURN. THE AUDIT COMMITTEE AND STAFF THEN REVIEWED AND EDITED THE RETURN. THEN THE RETURN WAS SUBMITTED TO EACH BOARD MEMBER FOR A FINAL INDEPENDENT REVIEW AND APPROVAL. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, LINE 12C | TRANSITCENTER'S CONFLICT OF INTEREST POLICIES, WHICH REMAIN IN PLACE AFTER THE TRANSACTION, APPLY TO ITS GOVERNING BOARD, CORPORATE OFFICERS, EMPLOYEES AND ANY OTHERS REPRESENTING THE ORGANIZATION. TRANSITCENTER'S BYLAWS REQUIRE THAT MEMBERS OF ITS GOVERNING BOARD AND ITS CORPORATE OFFICERS DISCLOSE ALL CONFLICTS OF INTEREST PROMPTLY AT THE TIME THEY ARISE, AND ANNUALLY VIA A WRITTEN DISCLOSURE PROCESS. THE GOVERNING BOARD IS CHARGED WITH REVIEWING CONFLICT OF INTEREST TRANSACTIONS AND ASSOCIATED DECISIONS, AND MAKING A DETERMINATION REGARDING ANY RESTRICTIONS TO BE IMPOSED ON THE TRANSACTION. THEIR DETERMINATION AND ALL MATERIAL FACTS ARE RECORDED IN MEETING MINUTES. TRANSITCENTER'S EMPLOYEES ARE LIKEWISE REQUIRED TO DISCLOSE TO THEIR SUPERVISORS PROMPTLY, AND IN WRITING, ALL CONFLICTS OF INTEREST THAT ARISE AND UPPER-LEVEL MANAGERS ADDITIONALLY COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. AN EMPLOYEE'S SUPERVISOR IS CHARGED WITH REVIEWING A REPORTED CONFLICT OF INTEREST AND ENSURING THAT THE EMPLOYEE IS NOT INVOLVED IN DECISIONS RELATED TO THE CONFLICT. |
| COMPENSATION POLICY | FORM 990, PART VI, SECTION B, LINE 15 | THE TRANSICENTER BOARD DETERMINES THE APPROPRIATE SALARY FOR ITS STAFF, AND REVIEWS COMPENSATION LEVELS ON AN ANNUAL BASIS. AS PART OF THIS REVIEW, THEY REFERENCE VARIOUS INFORMATION SOURCES INCLUDING PUBLICLY AVAILABLE INFORMATION/SURVEY TO DETERMINE APPROPRIATE COMPENSATION LEVELS. BOARD ALSO USES OUTSIDE CONSULTANTS TO PREPARE COMPENSATION STUDIES. |
| DOCUMENT AVAILABLE FOR PUBLIC INSPECTION | FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON GUIDESTAR.ORG. OTHER GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| BOARD OVERSIGHT | FORM 990, PART XIII, LINE 2C | THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. |
| STATEMENT OF TRANSACTION | ON FEBRUARY 1, 2012, TRANSITCENTER SOLD ITS BUSINESS OPERATIONS, WHICH PRIMARILY CONSISTED OF THE TRANSITCHEK PRODUCT, TO WAGEWORKS, INC. THE TRANSITCENTER BOARD AND ONE STAFF MEMBER REMAINS IN PLACE TO CONTINUE TO OPERATE THE ORGANIZATION AND TO LAUNCH A NEW CAMPAIGN TO CARRY OUT THE ORGANIZATION'S NON-PROFIT MISSION. | |
| OFFICER WHO CANNOT BE REACHED AT CORP ADDRESS | FORM 990, PART VI SECTION A LINE 9 | DANIEL NEUBURGER, PRESIDENT AND CEO CAN BE REACHED AT THE ADDRESS BELOW: C/O WAGEWORKS, INC. 1065 AVENUE OF THE AMERICAS NEW YORK, NY 10018 |
| FORM 990, PART III, LINE 4D | OTHER PROGRAM SERVICES | PROGRAM EXPENSES: $3,216,721 GRANTS: $0 REVENUE: $6,228,242 RESEARCH AND EDUCATION INITIATIVES: IN 2011, PRIOR TO ITS SALE OF THE BUSINESS OPERATIONS TO WAGEWORKS, INC., TRANSITCENTER PROVIDED VALUABLE RESEARCH AND PUBLIC INFORMATION. TRANSITCENTER CONDUCTED AND FREELY DISTRIBUTED WHITE PAPERS LIKE THE ANNUAL COMMUTER BENEFITS IMPACT SURVEY, CREATED AND SHARED PUBLIC TRANSPORTATION GUIDES FOR MAJOR CITIES AT NO COST, AND CONDUCTED RESEARCH HELPFUL TO TRANSIT OPERATORS ON TOPICS SUCH AS UNDERSTANDING THE RELATIONSHIP BETWEEN FARE LEVELS AND RIDERSHIP LEVELS. TRANSITCENTER GAVE EMPLOYERS AND COMMUTERS RICH DATA AND RESOURCES TO SUPPORT TAKING ADVANTAGE OF TRANSIT AND COMMUTER BENEFITS WHILE HELPING TRANSIT OPERATORS MAKE MORE INFORMED DECISIONS. INFORMING AND EDUCATING THE BUSINESS COMMUNITY: IN 2011, TRANSITCENTER INCREASED THE KNOWLEDGE AMONG EMPLOYERS AND EMPLOYEES OF THE BENEFITS OF TRANSIT, COMMUTER BENEFITS AND THE LATEST BENEFITS-RELATED ISSUES - FROM IRS-COMPLIANCE ISSUES TO NEW PRODUCTS TO BEST PRACTICES FOR INCREASING BOTH CORPORATE SAVINGS AND SUSTAINABILITY. TRANSITCENTER FOSTERED RELATIONSHIPS WITH ASSOCIATIONS AND TRANSIT OPERATORS AND WORKED WITH FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES, NATIONAL TRANSPORTATION ORGANIZATIONS, BUSINESSES AND TRANSPORTATION AND ENVIRONMENTAL ADVOCACY GROUPS TO SHARE INFORMATION AND RESOURCES TO KEEP ITS MISSION AT THE FOREFRONT OF THE INDUSTRY. WEBSITE INFORMATION: PRIOR TO THE SALE OF BUSINESS OPERATIONS ON FEBRUARY 1, 2012, THE CORPORATION OPERATED PART OF ITS WEBSITE, WWW.TRANSITCENTER.COM, AS A SOURCE OF FREE AND READILY AVAILABLE INFORMATION ON THE TAX-FREE TRANSIT BENEFIT, STUDIES CONCERNING THE USE OF THE TRANSIT BENEFIT BY EMPLOYERS AND EMPLOYEES AND PROVIDED CURRENT INFORMATION ON CHANGES IN TRANSIT SERVICES WHICH MAY IMPACT THE USE OF TRANSIT SUCH AS FARE INCREASES AND THE LIKE. THE WEBSITE ALSO PROVIDED INFORMATION ON ITS TRANSITCHEK BASIC AND TRANSITCHEK PREMIUM PROGRAMS. ELECTRONIC NEWSLETTER: PRIOR TO THE SALE OF TRANSITCENTER'S BUSINESS OPERATIONS ON FEBRUARY 1, 2012, TRANSITCENTER DISTRIBUTED ELECTRONICALLY A FREE, BI-MONTHLY PUBLICATION, "TRANSITCHEK NEWSLETTER", TO APPROXIMATELY 12,000 BUSINESSES PROVIDING INFORMATION TO HELP FACILITATE THE USE OF MASS TRANSIT, PROMOTE THE VALUE OF TRANSIT BENEFITS, AND REPORT ON DEVELOPMENTS WHICH MAY IMPACT THE ADMINISTRATION OF PROGRAMS. "TRANSITCHEK NEWSLETTER" WAS ALSO POSTED ON THE CORPORATION'S WEBSITE MAKING IT AVAILABLE TO THOUSANDS MORE. FIGURES REPRESENT AN ESTIMATE OF THE PERCENTAGE OF TOTAL TIME OF THE CORPORATION'S EMPLOYEES, IN THE AGGREGATE, DEVOTED TO THE PARTICULAR ACTIVITY. |