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← MID-HUDSON VALLEY EARLY EDUCATION CENTER

Form 990 for tax year 2022

Filed by MID-HUDSON VALLEY EARLY EDUCATION CENTER.

Totals

Total revenue
$9,380,221
Total expenses
$9,883,784
Contributions and grants received
$520,049
Grants paid
$0
Program service revenue
$8,860,172
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,742,225
Total liabilities, end of year
$10,301,838
Net assets or fund balances, end of year
-$4,559,613
Program services expenses (Part IX)
$9,320,637
Management and general expenses
$563,147
Fundraising expenses
$0
Program service expenses (Part III)
$9,320,637

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID INGBER

    TREASURER

    Total calculated
    $948,995
    From this org
    $0
    From related orgs
    $859,127
    Other
    $89,868
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $655,770 related
    Bonus
    $0 + $176,357 related
    Other
    $0 + $27,000 related
    Deferred
    $0 + $43,900 related
    Nontaxable benefits
    $0 + $45,968 related
    Filer's total
    $0 + $948,995 related

  • JULIE SWITZER

    CHAIRMAN

    Total calculated
    $1,109,894
    From this org
    $0
    From related orgs
    $1,062,607
    Other
    $47,287
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $776,327 related
    Bonus
    $0 + $259,280 related
    Other
    $0 + $27,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $47,287 related
    Filer's total
    $0 + $1,109,894 related

  • MARGARET SLOMIN

    SECRETARY

    Total calculated
    $186,717
    From this org
    $0
    From related orgs
    $153,023
    Other
    $33,694
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,023 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,470 related
    Nontaxable benefits
    $0 + $1,224 related
    Filer's total
    $0 + $186,717 related

  • JOLINE FREY

    EXECUTIVE DIRECTOR

    Total calculated
    $324,302
    From this org
    $0
    From related orgs
    $274,012
    Other
    $50,290
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,012 related
    Bonus
    $0
    Other
    $0 + $27,000 related
    Deferred
    $0 + $37,672 related
    Nontaxable benefits
    $0 + $12,618 related
    Filer's total
    $0 + $324,302 related

  • PAUL HOCHENBERG

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $147,827
    From this org
    $0
    From related orgs
    $139,999
    Other
    $7,828
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $139,999 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,828 related
    Filer's total
    $0 + $147,827 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

None.

Answered no

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

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J PART I LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION AS DESCRIBED BELOW: THE BOARD OF DIRECTORS PERSONNEL AND COMPENSATION COMMITTEE SETS THE LEVEL OF TOTAL COMPENSATION (BASE SALARY AND INCENTIVE COMPENSATION) AND THE BENEFITS PROVIDED TO THE ORGANIZATION'S SENIOR EXECUTIVES. IN ORDER TO SET BASE SALARY AND INCENTIVE COMPENSATION LEVELS, THE COMMITTEE WORKS WITH A NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM. THE CONSULTING FIRM ASSISTS THE COMMITTEE WITH ITS DECISION-MAKING PROCESSES TO ENSURE THAT (I) EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO THOSE OF OTHER SIMILAR ORGANIZATIONS, AS WELL AS (II) SUCH LEVELS MEET THE 'REBUTTABLE PRESUMPTION OF REASONABLENESS' STANDARD. COMPENSATION LEVELS ARE DETERMINED BASED ON COMPETITIVE MARKET DATA FOR COMPARABLE POSITIONS IN SIMILAR SIZED AND TYPE OF ORGANIZATIONS AND EACH EXECUTIVE'S SCOPE OF RESPONSIBILITIES. IN ADDITION, INCENTIVE COMPENSATION ARRANGEMENTS ARE BASED ON EACH EXECUTIVE'S ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS SET FORTH AT THE BEGINNING OF EACH CALENDAR YEAR, THE ACHIEVEMENT OF WHICH IS MEASURED AT THE END OF EACH CALENDAR YEAR BY THE CEO OR THE BOARD OF DIRECTORS DEPENDING ON THE EXECUTIVE.

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343139349304464

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