Transitcenter Inc
- Assets
- $68.5m
- Revenue
- $1.4m
- Investments
- $65.1m
- Employees
- 10
- Location
- New York, NY
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 13-4146467
Organization Overview
Transitcenter Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Transitcenter Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transitcenter Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Transitcenter Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Transitcenter Inc has awarded 222 individual grants totaling $7,679,566. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRANSITCENTER IS DEDICATED TO SUPPORTING AND PROMOTING GREATER USE OF PUBLIC TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2015, TRANSITCENTER EXPANDED ITS PROGRAMMING AND GRANT-MAKING SIGNIFICANTLY OVER THE PRIOR YEAR. THE ORGANIZATION SPONSORED EVENTS IN CHICAGO, SAN FRANCISCO, PORTLAND, OREGON AND CAMBRIDGE, MASSACHUSETTS TO SHOWCASE ITS REPORT "GETTING TO THE ROUTE OF IT." ADDITIONALLY, TRANSITCENTER PRESENTED FINDINGS FROM THIS AND OTHER REPORTS AT CONFERENCES IN GRAND RAPIDS, MICHIGAN, AUSTIN, TEXAS, BALTIMORE, MARYLAND, NEW ORLEANS, LOUISIANA AND WILLIAMSBURG, VIRGINIA. TRANSITCENTER PUBLISHED "A PEOPLE'S HISTORY OF RECENT URBAN TRANSPORTATION", A REPORT STUDYING RECENT INNOVATIONS IN TRANSPORTATION PRACTICE IN SIX MAJOR METROPOLITAN AREAS IN THE US INCLUDING NEW YORK, PORTLAND, CHICAGO, PITTSBURGH, DENVER AND CHARLOTTE. ADDITIONALLY, THE ORGANIZATION HELD EVENTS IN SEATTLE, PORTLAND AND NEW YORK CITY TO SHOWCASE THIS REPORT FOR UNIVERSITY STUDENTS, GOVERNMENT OFFICIALS, AND CIVIC LEADERS. IN PARTNERSHIP WITH TRANSPORTATION FOR AMERICA, TRANSITCENTER CREATED A YEARLONG ACADEMY FOR KEY LEADERS FROM INDIANAPOLIS, NASHVILLE AND RALEIGH TO SHARE BEST PRACTICES, DISCUSS CHALLENGES AND INFLUENCE TRANSPORTATION PLANNING. THIS PROGRAM INVOLVED 21 COMMUNITY LEADERS FROM THOSE THREE CITIES TO COME TOGETHER FOR FOUR WORKSHOPS ON THE SUBJECT OF TRANSPORTATION PLANNING. TRANSITCENTER FINANCIALLY SPONSORED "LIVE RIDE SHARE," THE FIRST CONFERENCE IN SOUTHERN CALIFORNIA DEDICATED TO CONNECTING THE REGION'S GROWING PUBLIC TRANSIT SYSTEM TO OTHER FORMS OF SHARED MOBILITY. OVER 300 ELECTED OFFICIALS, AGENCY STAFF, ADVOCATES AND ENTREPRENEURS ATTENDED.TRANSITCENTER CONDUCTED ITS FIRST-EVER OPEN CALL FOR GRANT PROPOSALS, SELECTING NINE WINNERS WHO WILL RECEIVE GRANTS OF BETWEEN $50,000 AND $150,000 TO RESEARCH OR ADVOCATE IMPROVED TRANSPORTATION. IN ADDITION TRANSITCENTER PROVIDED SMALLER GRANTS TO TRANSIT ADVOCACY GROUPS IN CITIES AROUND THE COUNTRY. FURTHERMORE, TRANSITCENTER SUPPLIED PHILANTHROPIC GRANTS VIA IOBY, A COMMUNITY ORGANIZATION, TO ENCOURAGE COMMUNITIES AROUND THE COUNTRY TO IMPROVE THEIR TRANSIT RIDER EXPERIENCE AND STRENGTHEN THE RELATIONSHIP BETWEEN COMMUNITIES AND THEIR TRANSIT AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ratna Amin Chair | 3 | $0 | |
Clare Newman Treasurer | 1 | $0 | |
Fred Neal Jr Secretary | 1 | $0 | |
Darryl Young Board Member | 1 | $0 | |
Jennifer Dill Board Member | 1 | $0 | |
Christof Spieler Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo | 12/30/22 | $95,827 |
Klumpentown Consulting Inc | 12/30/22 | $68,825 |
Angela Bonarrigo & Associates Llc | 12/30/22 | $60,000 |
Ava Farkas | 12/30/22 | $55,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,500 |
| Interest on Savings | $3,648 |
| Dividends & Interest | $1,642,735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$356,236 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,832 |
| Total Revenue | $1,368,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $290,000 |
| Other employee salaries and wages | $1,690,608 |
| Pension plans, employee benefits | $460,054 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $119,165 |
| Occupancy | $319,943 |
| Travel, conferences, and meetings | $147,183 |
| Printing and publications | $4,110 |
| Other expenses | $328,138 |
| Total operating and administrative expenses | $4,047,890 |
| Contributions, gifts, grants paid | $1,676,750 |
| Total expenses and disbursements | $5,724,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,932 |
| Savings and temporary cash investments | $1,327,738 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,098 |
| Net Investments - land, buildings, equipment | $442,874 |
| Investments—mortgage loans | $0 |
| Investments—other | $881,571 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,549,389 |
| Total assets | $68,528,672 |
| Accounts payable and accrued expenses | $149,485 |
| Grants payable | $105,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,752,174 |
| Total liabilities | $2,007,159 |
Grants Awarded
Over the last fiscal year, Transitcenter Inc has awarded $1,682,750 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
RIDERS ALLIANCE INC PURPOSE: 2021 END OF YEAR GRANT | $9,750 |
TRI-STATE TRANSPORTATION CAMPAIGN PURPOSE: 2022 GENERAL OPERATING SUPPORT | $50,000 |
SAN FRANCISCO TRANSIT RIDERS PURPOSE: 2022 GENERAL OPERATING SUPPORT | $60,000 |
RIDERS ALLIANCE INC PURPOSE: 2022 GENERAL OPERATING SUPPORT | $50,000 |
PITTSBURGHERS FOR PUBLIC TRANSIT ASSOCIATION PURPOSE: 2022 GENERAL OPERATING SUPPORT | $50,000 |
MIAMI DADE TRANSIT ALLIANCE PURPOSE: 2022 GENERAL OPERATING SUPPORT | $50,000 |