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Nonprofiteer
← FEDCAP APEX TECHNICAL SCHOOL INC

Form 990 for tax year 2022

Filed by FEDCAP APEX TECHNICAL SCHOOL INC.

Totals

Total revenue
$23,272,305
Total expenses
$25,786,918
Contributions and grants received
$0
Grants paid
$2,192,763
Program service revenue
$23,161,795
Investment income
$4
Other revenue
$110,506
Total assets, end of year
$53,809,095
Total liabilities, end of year
$58,408,293
Net assets or fund balances, end of year
-$4,599,198
Program services expenses (Part IX)
$17,248,420
Management and general expenses
$8,538,498
Fundraising expenses
$0
Program service expenses (Part III)
$17,248,420

Program services were 66.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TUITION AND FEES

    total $23,161,795 · related or exempt $23,161,795

  • 3 · Investment income

    total $4 · excluded $4

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $110,506 · excluded $110,506

  • 11e · Other revenue, total

    $110,506

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,192,763 · program services $2,192,763

  • 5 · Compensation of officers, directors and key employees

    total $601,424 · program services $524,365 · management and general $77,059

  • 7 · Other salaries and wages

    total $9,218,059 · program services $8,036,970 · management and general $1,181,089

  • 8 · Pension plan contributions

    total $268,533 · program services $234,126 · management and general $34,407

  • 9 · Other employee benefits

    total $805,516 · program services $702,307 · management and general $103,209

  • 10 · Payroll taxes

    total $197,433 · program services $172,136 · management and general $25,297

  • 11b · Fees: legal

    total $144,088 · program services $77,349 · management and general $66,739

  • 11g · Fees: other

    total $210,044 · program services $128,873 · management and general $81,171

  • 12 · Advertising and promotion

    total $650,533 · program services $650,533

  • 13 · Office expenses

    total $666,415 · program services $450,815 · management and general $215,600

  • 14 · Information technology

    total $613,571 · program services $533,795 · management and general $79,776

  • 16 · Occupancy

    total $5,088,534 · program services $1,737,867 · management and general $3,350,667

  • 17 · Travel

    total $53,584 · program services $44,849 · management and general $8,735

  • 20 · Interest

    total $2,041,939 · program services $1,249 · management and general $2,040,690

  • 22 · Depreciation, depletion and amortization

    total $1,093,102 · program services $1,055,960 · management and general $37,142

  • 23 · Insurance

    total $180,175 · program services $56,131 · management and general $124,044

  • 24a · Other expenses: REIMBURSED EXP (FEDCAP)

    total $980,040 · program services $17,184 · management and general $962,856

  • 24e · All other expenses

    total $781,165 · program services $631,148 · management and general $150,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $658,652

  • 4 · Accounts receivable

    end of year $1,375,707

  • 8 · Inventories for sale or use

    end of year $121,676

  • 9 · Prepaid expenses and deferred charges

    end of year $1,653,802

  • 10a · Land, buildings and equipment: cost or other basis

    $50,761,030

  • 10b · Land, buildings and equipment: accumulated depreciation

    $905,772

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $49,855,258

  • 14 · Intangible assets

    end of year $144,000

  • 17 · Accounts payable and accrued expenses

    end of year $2,468,478

  • 19 · Deferred revenue

    end of year $1,677,273

  • 25 · Other liabilities

    beginning of year $0 · end of year $54,262,542

  • 27 · Net assets without donor restrictions

    end of year -$4,599,198

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

WE ARE COMMITTED TO PROVIDING EDUCATION THAT POSITIONS PEOPLE FOR JOBS IN THE TRADES.

  • APEX TECHNICAL SCHOOL, INC. PROVIDE HANDS-ON TRAINING COURSES TO INDIVIDUALS THAT PROVIDE BASIC TRADE AND LABOR SKILLS NECESSARY TO SECURE AN ENTRY-LEVEL POSITION IN THE FIELD. SPECIFICALLY, THE SCHOOL WILL PROVIDE VOCATIONAL TRAINING PROGRAMS IN THE AREAS OF AUTOMOTIVE SERVICE AND REPAIR; AIR CONDITIONING AND REFRIGERATION; AUTOBODY REPAIR; COMBINATION WELDING TECHNOLOGY; ELECTRICAL AND ADVANCED ELECTRICAL; CONSTRUCTION AND BUILDING SKILLS; PLUMBING AND PIPEFITTING. THE SCHOOL IS ALSO WORKING TO DEVELOP NEW CURRICULUM IN DIGITAL SKILLS INCLUDING AUDIO/VISUAL TECHNOLOGY, CYBER SECURITY, SOFTWARE ENGINEERING AND DIGITAL MEDIA/MARKETING.

    Expenses $17,248,420 · Grants $2,192,763 · Revenue $23,161,795

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carol Khoury

    CFO & TREASURER

    Total calculated
    $334,066
    From this org
    $0
    From related orgs
    $325,340
    Other
    $8,726
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,340 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,375 related
    Nontaxable benefits
    $0 + $2,351 related
    Filer's total
    $0 + $334,066 related

  • Kenneth Brezenoff

    CHAIRMAN

    Total calculated
    $260,667
    From this org
    $0
    From related orgs
    $242,410
    Other
    $18,257
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,410 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,442 related
    Nontaxable benefits
    $0 + $10,815 related
    Filer's total
    $0 + $260,667 related

  • Christine McMahon

    PRESIDENT AND CEO

    Total calculated
    $852,042
    From this org
    $0
    From related orgs
    $700,590
    Other
    $151,452
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,590 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $140,535 related
    Nontaxable benefits
    $0 + $10,917 related
    Filer's total
    $0 + $852,042 related

  • Steven Markowitz

    PRESIDENT

    Total calculated
    $234,374
    From this org
    $210,879
    From related orgs
    $0
    Other
    $23,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,879
    Bonus
    $0
    Other
    $0
    Deferred
    $6,652
    Nontaxable benefits
    $16,843
    Filer's total
    $234,374

  • Jacqueline Madravazakis

    VICE PRESIDENT

    Total calculated
    $184,435
    From this org
    $168,898
    From related orgs
    $0
    Other
    $15,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,898
    Bonus
    $0
    Other
    $0
    Deferred
    $5,200
    Nontaxable benefits
    $10,337
    Filer's total
    $184,435

  • Stuart Markowitz

    VICE PRESIDENT

    Total calculated
    $157,884
    From this org
    $152,527
    From related orgs
    $0
    Other
    $5,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,527
    Bonus
    $0
    Other
    $0
    Deferred
    $4,563
    Nontaxable benefits
    $794
    Filer's total
    $157,884

  • Sau Wong

    IT ADMINISTRATOR

    Total calculated
    $177,310
    From this org
    $162,673
    From related orgs
    $0
    Other
    $14,637
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $162,673
    Bonus
    $0
    Other
    $0
    Deferred
    $4,916
    Nontaxable benefits
    $9,721
    Filer's total
    $177,310

  • Carl Greenidge

    INSTRUCTOR

    Total calculated
    $158,391
    From this org
    $144,248
    From related orgs
    $0
    Other
    $14,143
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $144,248
    Bonus
    $0
    Other
    $0
    Deferred
    $4,448
    Nontaxable benefits
    $9,695
    Filer's total
    $158,391

  • Troy Prince

    EDUCATION DEPARTMENT HEAD

    Total calculated
    $127,905
    From this org
    $117,224
    From related orgs
    $0
    Other
    $10,681
    Hours/week
    1

  • Barry Burkan

    DEAN OF STUDENT AFFAIRS

    Total calculated
    $128,029
    From this org
    $114,725
    From related orgs
    $0
    Other
    $13,304
    Hours/week
    1

  • Jesse Poe

    BUSINESS IMPROVEMENT MANAGER

    Total calculated
    $119,687
    From this org
    $115,292
    From related orgs
    $0
    Other
    $4,395
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
PRESIDENT/CEO, CHRISTINE MCMAHON PARTICIPATES IN FEDCAP'S SUPPLEMENTAL NONQUALIFIED SECTION 457(F) RETIREMENT PLAN. THE EMPLOYER CONTRIBUTION TO THE SECTION 457(F) PLAN IN CALENDAR YEAR 2022 WAS $130,000; THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FEDCAP VR LLC

    WORKFORCE DEV · NY · general or managing partner

    Directly controlled by FEDCAP GROUP INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202422289349300632

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