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← THESE OUR TREASURES INC

Form 990 for tax year 2023

Filed by THESE OUR TREASURES INC.

Totals

Total revenue
$1,524,923
Total expenses
$1,742,889
Contributions and grants received
$111,544
Grants paid
$44,444
Program service revenue
$1,407,742
Investment income
$5,637
Other revenue
$0
Total assets, end of year
$4,388,671
Total liabilities, end of year
$655,994
Net assets or fund balances, end of year
$3,732,677
Program services expenses (Part IX)
$884,312
Management and general expenses
$858,577
Fundraising expenses
$0
Program service expenses (Part III)
$884,312

Program services were 50.7% 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)

    $111,544

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

    total $1,407,742 · related or exempt $1,407,742

  • 3 · Investment income

    total $5,637 · excluded $5,637

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $44,444 · program services $44,444

  • 7 · Other salaries and wages

    total $606,108 · program services $605,081 · management and general $1,027

  • 8 · Pension plan contributions

    total $41,255 · program services $41,053 · management and general $202

  • 9 · Other employee benefits

    total $85,317 · program services $84,910 · management and general $407

  • 10 · Payroll taxes

    total $31,162 · program services $30,858 · management and general $304

  • 11b · Fees: legal

    total $75,582 · program services $2,200 · management and general $73,382

  • 11g · Fees: other

    total $1,209 · program services $210 · management and general $999

  • 13 · Office expenses

    total $35,454 · program services $10,769 · management and general $24,685

  • 14 · Information technology

    total $6,756 · program services $6,756

  • 16 · Occupancy

    total $38,617 · program services $35,069 · management and general $3,548

  • 17 · Travel

    total $125 · management and general $125

  • 20 · Interest

    total $2,082 · management and general $2,082

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $18,764 · program services $18,650 · management and general $114

  • 24a · Other expenses: LOSS ON DISPOSAL

    total $461,408 · management and general $461,408

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

    total $182,990 · management and general $182,990

  • 24c · Other expenses: MAINTENANCE FEES

    total $3,899 · program services $2,974 · management and general $925

  • 24e · All other expenses

    total $7,634 · program services $1,338 · management and general $6,296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,426 · end of year $78,922

  • 2 · Savings and temporary cash investments

    beginning 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 $131,881 · end of year $100,278

  • 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

    $599,414

  • 10c · Land, buildings and equipment, net

    beginning of year $3,540,169 · end of year $3,440,086

  • 15 · Other assets

    beginning of year $0 · end of year $722,046

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,410 · end of year $55,695

  • 23 · Secured mortgages and notes payable

    beginning of year $67,284 · end of year $9,849

  • 25 · Other liabilities

    beginning of year $292,844 · end of year $590,450

  • 27 · Net assets without donor restrictions

    beginning of year $3,950,643 · end of year $3,732,677

Mission and programs · 2023

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 $884,312 · Grants $44,444 · Revenue $1,407,742

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAROL KHOURY

    TRUSTEE /CFO OF FEDCAP

    Total calculated
    $347,921
    From this org
    $0
    From related orgs
    $339,404
    Other
    $8,517
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,404 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,081 related
    Nontaxable benefits
    $0 + $2,436 related
    Filer's total
    $0 + $347,921 related

  • KENNETH BREZENOFF

    TRUSTEE/GEN COUN/VP/CHAIR

    Total calculated
    $262,175
    From this org
    $0
    From related orgs
    $243,373
    Other
    $18,802
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,373 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,500 related
    Nontaxable benefits
    $0 + $11,302 related
    Filer's total
    $0 + $262,175 related

  • MARY MORAN

    TRUSTEE

    Total calculated
    $156,464
    From this org
    $0
    From related orgs
    $151,236
    Other
    $5,228
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $151,236 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,500 related
    Nontaxable benefits
    $0 + $728 related
    Filer's total
    $0 + $156,464 related

  • CHRISTINE MCMAHON

    PRESIDENT & CEO OF FEDCAP

    Total calculated
    $891,927
    From this org
    $0
    From related orgs
    $740,366
    Other
    $151,561
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $740,366 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $139,900 related
    Nontaxable benefits
    $0 + $11,661 related
    Filer's total
    $0 + $891,927 related

  • ARLENE GONZALEZ-SANCHEZ

    EXECUTIVE DIRECTOR (AS OF 03/2024)

    Total calculated
    $0
    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 2023 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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202512269349303451

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