Skip to content
Nonprofiteer
← THESE OUR TREASURES INC

Form 990 for tax year 2022

Filed by THESE OUR TREASURES INC.

Totals

Total revenue
$1,632,943
Total expenses
$1,327,312
Contributions and grants received
$125,323
Grants paid
$41,590
Program service revenue
$1,462,196
Investment income
$5,206
Other revenue
$40,218
Total assets, end of year
$4,382,181
Total liabilities, end of year
$431,538
Net assets or fund balances, end of year
$3,950,643
Program services expenses (Part IX)
$927,303
Management and general expenses
$400,009
Fundraising expenses
$0
Program service expenses (Part III)
$927,303

Program services were 69.9% 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.

  • 1e · Government grants (contributions)

    $125,323

  • 2a · Program service revenue: PRE-SCHOOL TUITION

    total $1,462,196 · related or exempt $1,462,196

  • 3 · Investment income

    total $5,206 · excluded $5,206

  • 11a · Other revenue: REFUNDS/REBATES

    total $40,218 · excluded $40,218

  • 11e · Other revenue, total

    $40,218

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $41,590 · program services $41,590

  • 7 · Other salaries and wages

    total $679,159 · program services $627,324 · management and general $51,835

  • 8 · Pension plan contributions

    total $46,183 · program services $42,658 · management and general $3,525

  • 9 · Other employee benefits

    total $93,044 · program services $85,943 · management and general $7,101

  • 10 · Payroll taxes

    total $35,161 · program services $28,163 · management and general $6,998

  • 11b · Fees: legal

    total $800 · program services $800

  • 11g · Fees: other

    total $24,770 · program services $14,640 · management and general $10,130

  • 13 · Office expenses

    total $36,918 · program services $16,911 · management and general $20,007

  • 14 · Information technology

    total $7,297 · program services $7,297

  • 16 · Occupancy

    total $37,639 · program services $37,639

  • 17 · Travel

    total $35 · program services $35

  • 19 · Conferences, conventions and meetings

    total $12,342 · program services $12,342

  • 20 · Interest

    total $4,954 · management and general $4,954

  • 22 · Depreciation, depletion and amortization

    total $100,083 · management and general $100,083

  • 23 · Insurance

    total $11,626 · program services $10,325 · management and general $1,301

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

    total $194,075 · management and general $194,075

  • 24e · All other expenses

    total $1,636 · program services $1,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,815,657 · end of year $251,426

  • 2 · Savings and temporary cash investments

    beginning of year $405,971 · end of year $411,366

  • 3 · Pledges and grants receivable

    beginning of year $47,080 · end of year $47,080

  • 4 · Accounts receivable

    beginning of year $56,633 · end of year $131,881

  • 8 · Inventories for sale or use

    beginning of year $259 · end of year $259

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

    $4,039,500

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

    $499,331

  • 10c · Land, buildings and equipment, net

    beginning of year $3,640,252 · end of year $3,540,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,065 · end of year $71,410

  • 23 · Secured mortgages and notes payable

    beginning of year $121,885 · end of year $67,284

  • 25 · Other liabilities

    beginning of year $3,125,890 · end of year $292,844

  • 27 · Net assets without donor restrictions

    beginning of year $3,645,012 · end of year $3,950,643

Mission and programs · 2022

Mission

AN EARLY CHILDHOOD PROGRAM THAT PROVIDES CARE, TRAINING, DEVELOPMENT AND GROWTH OF CHILDREN WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES AS WELL AS EDUCATIONAL AND REHABILITATION SERVICES.

Activities or mission (Part I)

TO PROVIDE CARE, TRAINING AND DEVELOPMENT FOR CHILDREN WITH DISABILITIES (SEE SCHEDULE O).

  • SEE SCHEDULE O.

    Expenses $927,303 · Grants $41,590 · Revenue $1,462,196

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

    TRUSTEE (AS OF 10/22)/CFO OF FEDCAP

    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

    TRUSTEE (AS OF 10/22)/GEN COUN & VP STRAT

    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

  • MARY MORAN

    TRUSTEE (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE MCMAHON

    PRESIDENT & CEO OF FEDCAP

    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

  • NICOLETTA DINAPOLI

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $237,300
    From this org
    $0
    From related orgs
    $237,300
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $237,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $237,300 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, LINES 4A-B
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

    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
202402289349301355

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.