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Nonprofiteer
← MVLE INC

Form 990 for tax year 2024

Filed by MVLE INC.

Totals

Total revenue
$11,797,002
Total expenses
$10,759,943
Contributions and grants received
$806,446
Grants paid
$22,694
Program service revenue
$10,772,424
Investment income
$218,132
Other revenue
$0
Total assets, end of year
$12,113,699
Total liabilities, end of year
$6,596,592
Net assets or fund balances, end of year
$5,517,107
Program services expenses (Part IX)
$8,501,026
Management and general expenses
$2,258,893
Fundraising expenses
$24
Program service expenses (Part III)
$8,501,026

Program services were 79.0% 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)

    $806,446

  • 2a · Program service revenue: CONTRACT SERVICES AND PRODUCTS

    total $5,669,734 · related or exempt $5,669,734

  • 2b · Program service revenue: REHAB AND VOCATIONAL PROGRAMS

    total $5,102,690 · related or exempt $5,102,690

  • 3 · Investment income

    total $218,132 · excluded $218,132

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,694 · program services $22,694

  • 5 · Compensation of officers, directors and key employees

    total $196,160 · program services $193,101 · management and general $3,059

  • 7 · Other salaries and wages

    total $5,020,508 · program services $4,942,222 · management and general $78,286

  • 8 · Pension plan contributions

    total $320,122 · program services $315,130 · management and general $4,992

  • 9 · Other employee benefits

    total $415,333 · program services $408,857 · management and general $6,476

  • 11a · Fees: management

    total $188,473 · program services $188,473

  • 11b · Fees: legal

    total $47,605 · program services $819 · management and general $46,786

  • 11c · Fees: accounting

    total $127,039 · management and general $127,039

  • 11g · Fees: other

    total $47,228 · program services $47,170 · management and general $58

  • 13 · Office expenses

    total $634,691 · program services $476,109 · management and general $158,582

  • 14 · Information technology

    total $1,264 · management and general $1,264

  • 16 · Occupancy

    total $1,824,630 · program services $1,465,506 · management and general $359,124

  • 17 · Travel

    total $30,343 · program services $23,090 · management and general $7,253

  • 19 · Conferences, conventions and meetings

    total $9,257 · program services $7,032 · management and general $2,225

  • 22 · Depreciation, depletion and amortization

    total $133,083 · program services $1,566 · management and general $131,517

  • 23 · Insurance

    total $133,996 · program services $118,466 · management and general $15,530

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

    total $1,292,532 · management and general $1,292,532

  • 24b · Other expenses: SUBCONTRACTOR EXPENSE

    total $40,690 · program services $40,690

  • 24e · All other expenses

    total $274,295 · program services $250,101 · management and general $24,170 · fundraising $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,101 · end of year $436

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $84,514 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,367,466 · end of year $1,680,465

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $195,105 · end of year $462,689

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

    $1,848,960

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

    $1,821,404

  • 10c · Land, buildings and equipment, net

    beginning of year $145,689 · end of year $27,556

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $10,708,280 · end of year $9,942,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $989,214 · end of year $508,207

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $28,250 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,129,643 · end of year $6,088,385

  • 27 · Net assets without donor restrictions

    beginning of year $4,480,048 · end of year $5,517,107

Mission and programs · 2024

Mission

TO CREATE FUTURES ONE PERSON AT A TIME FOR PEOPLE WITH DISABILITIES AND OTHER BARRIERS THROUGH EMPLOYMENT AND SUPPORT SERVICES.

Activities or mission (Part I)

WE CREATE FUTURES FOR PEOPLE WITH DISABILITIES THROUGH EMPLOYMENT AND SUPPORT SERVICES.

  • SEE SCHEDULE O.

    Expenses $4,486,016 · Grants $22,694 · Revenue $5,102,690

  • SEE SCHEDULE O

    Expenses $4,015,010 · Revenue $5,669,734

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tamara Vineyard

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Pennington

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Cropp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Healey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Pellegrin

    BOARD MEMBER (THRU 03/25)

    Total calculated
    $0
    Hours/week
    1

  • Tammy Murphy Zayas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brittany Wismer

    BOARD MEMBER (THRU 09/25)

    Total calculated
    $0
    Hours/week
    1

  • Howard Young

    SECRETARY (THRU 11/24)

    Total calculated
    $0
    Hours/week
    1

  • Christine McMahon

    PRESIDENT & CEO OF FEDCAP

    Total calculated
    $894,189
    From this org
    $0
    From related orgs
    $742,054
    Other
    $152,135
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $742,054 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $140,350 related
    Nontaxable benefits
    $0 + $11,785 related
    Filer's total
    $0 + $894,189 related

  • Carol Khoury

    CFO OF FEDCAP

    Total calculated
    $405,031
    From this org
    $0
    From related orgs
    $373,709
    Other
    $31,322
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,709 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,875 related
    Nontaxable benefits
    $0 + $2,447 related
    Filer's total
    $0 + $405,031 related

  • Kenneth S Brezenoff

    GEN COUNSEL & VP STRAT. IN

    Total calculated
    $259,975
    From this org
    $0
    From related orgs
    $241,290
    Other
    $18,685
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,290 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,500 related
    Nontaxable benefits
    $0 + $11,185 related
    Filer's total
    $0 + $259,975 related

  • Kenan Aden

    EVP/COO OF MVLE (THRU 11/24)

    Total calculated
    $124,831
    From this org
    $120,295
    From related orgs
    $0
    Other
    $4,536
    Hours/week
    40

  • Carol Watson

    EXEC. DIRECTOR

    Total calculated
    $78,552
    From this org
    $75,865
    From related orgs
    $0
    Other
    $2,687
    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 2024 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
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202642269349303224

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