Transitcenter Inc.

Filing Period

Jan 1, 2011 to Dec 31, 2011

Signed

Nov 15, 2012

Return Version

2011v1.3

Gross Receipts

$31,182,637

Mission

Major Activities

Activity 2

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.

Activity 3

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.

Filer

EIN

13-4146467