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Nonprofiteer
← FEDCAP APEX TECHNICAL SCHOOL INC

Form 990 for tax year 2023

Filed by FEDCAP APEX TECHNICAL SCHOOL INC.

Totals

Total revenue
$26,168,282
Total expenses
$25,454,446
Contributions and grants received
$0
Grants paid
$2,522,437
Program service revenue
$25,939,399
Investment income
$0
Other revenue
$228,883
Total assets, end of year
$54,600,862
Total liabilities, end of year
$58,486,224
Net assets or fund balances, end of year
-$3,885,362
Program services expenses (Part IX)
$18,022,462
Management and general expenses
$7,431,984
Fundraising expenses
$0
Program service expenses (Part III)
$18,022,462

Program services were 70.8% 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 INCOME

    total $25,766,219 · related or exempt $25,766,219

  • 2b · Program service revenue: ANCILLARY EDUCATIONAL PROGRAMS

    total $173,180 · related or exempt $173,180

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $228,883 · excluded $228,883

  • 11e · Other revenue, total

    $228,883

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,522,437 · program services $2,522,437

  • 5 · Compensation of officers, directors and key employees

    total $476,281 · program services $473,724 · management and general $2,557

  • 7 · Other salaries and wages

    total $9,657,139 · program services $9,605,284 · management and general $51,855

  • 8 · Pension plan contributions

    total $263,780 · program services $262,364 · management and general $1,416

  • 9 · Other employee benefits

    total $774,914 · program services $770,753 · management and general $4,161

  • 10 · Payroll taxes

    total $224,839 · program services $223,632 · management and general $1,207

  • 11b · Fees: legal

    total $53,277 · management and general $53,277

  • 11g · Fees: other

    total $234,461 · program services $732 · management and general $233,729

  • 12 · Advertising and promotion

    total $564,050 · management and general $564,050

  • 13 · Office expenses

    total $786,839 · program services $10,252 · management and general $776,587

  • 14 · Information technology

    total $297,377 · program services $7,715 · management and general $289,662

  • 16 · Occupancy

    total $3,877,109 · program services $2,373,586 · management and general $1,503,523

  • 17 · Travel

    total $40,006 · program services $262 · management and general $39,744

  • 19 · Conferences, conventions and meetings

    total $12,115 · management and general $12,115

  • 20 · Interest

    total $2,012,652 · program services $770,894 · management and general $1,241,758

  • 22 · Depreciation, depletion and amortization

    total $1,755,813 · program services $724,970 · management and general $1,030,843

  • 23 · Insurance

    total $298,025 · program services $275,857 · management and general $22,168

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

    total $1,098,823 · program services $0 · management and general $1,098,823

  • 24e · All other expenses

    total $504,509 · management and general $504,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $658,652 · end of year $134,383

  • 4 · Accounts receivable

    beginning of year $1,375,707 · end of year $4,100,477

  • 8 · Inventories for sale or use

    beginning of year $121,676 · end of year $120,645

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,653,802 · end of year $1,470,505

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

    $7,135,092

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

    $635,356

  • 10c · Land, buildings and equipment, net

    beginning of year $44,386,662 · end of year $6,499,736

  • 14 · Intangible assets

    beginning of year $144,000 · end of year $140,000

  • 15 · Other assets

    beginning of year $5,468,596 · end of year $42,135,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,468,478 · end of year $2,488,774

  • 19 · Deferred revenue

    beginning of year $1,677,273 · end of year $1,292,890

  • 25 · Other liabilities

    beginning of year $54,262,542 · end of year $54,704,560

  • 27 · Net assets without donor restrictions

    beginning of year -$4,599,198 · end of year -$3,885,362

Mission and programs · 2023

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 $18,022,462 · Grants $2,522,437 · Revenue $25,939,399

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

    CFO & TREASURER

    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

    CHAIRMAN

    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

  • Christine McMahon

    PRESIDENT AND CEO

    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

  • Steven Markowitz

    PRESIDENT

    Total calculated
    $230,199
    From this org
    $210,493
    From related orgs
    $0
    Other
    $19,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,493
    Bonus
    $0
    Other
    $0
    Deferred
    $6,652
    Nontaxable benefits
    $13,054
    Filer's total
    $230,199

  • Jacqueline Madravazakis

    VICE PRESIDENT (THRU 02/2024)

    Total calculated
    $180,815
    From this org
    $167,627
    From related orgs
    $0
    Other
    $13,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,627
    Bonus
    $0
    Other
    $0
    Deferred
    $5,200
    Nontaxable benefits
    $7,988
    Filer's total
    $180,815

  • Stuart Markowitz

    VICE PRESIDENT

    Total calculated
    $176,742
    From this org
    $170,537
    From related orgs
    $0
    Other
    $6,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,537
    Bonus
    $0
    Other
    $0
    Deferred
    $5,104
    Nontaxable benefits
    $1,101
    Filer's total
    $176,742

  • Sau Wong

    IT ADMINISTRATOR

    Total calculated
    $194,107
    From this org
    $181,161
    From related orgs
    $0
    Other
    $12,946
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $181,161
    Bonus
    $0
    Other
    $0
    Deferred
    $5,439
    Nontaxable benefits
    $7,507
    Filer's total
    $194,107

  • Carl Greenidge

    INSTRUCTOR

    Total calculated
    $170,103
    From this org
    $158,166
    From related orgs
    $0
    Other
    $11,937
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $158,166
    Bonus
    $0
    Other
    $0
    Deferred
    $4,430
    Nontaxable benefits
    $7,507
    Filer's total
    $170,103

  • Troy Prince

    EDUCATION DEPARTMENT HEAD

    Total calculated
    $139,175
    From this org
    $130,572
    From related orgs
    $0
    Other
    $8,603
    Hours/week
    1

  • Barry Burkan

    DEAN OF STUDENT AFFAIRS

    Total calculated
    $136,656
    From this org
    $125,357
    From related orgs
    $0
    Other
    $11,299
    Hours/week
    1

  • Jesse Poe

    BUSINESS IMPROVEMENT MANAG

    Total calculated
    $131,278
    From this org
    $126,718
    From related orgs
    $0
    Other
    $4,560
    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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202542269349303094

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