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Nonprofiteer
← THESE OUR TREASURES INC

Form 990 for tax year 2024

Filed by THESE OUR TREASURES INC.

Totals

Total revenue
$1,166,047
Total expenses
$1,271,754
Contributions and grants received
$77,374
Grants paid
$2,572
Program service revenue
$1,078,937
Investment income
$2,477
Other revenue
$7,259
Total assets, end of year
$4,132,150
Total liabilities, end of year
$505,180
Net assets or fund balances, end of year
$3,626,970
Program services expenses (Part IX)
$941,599
Management and general expenses
$330,155
Fundraising expenses
$0
Program service expenses (Part III)
$941,599

Program services were 74.0% 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)

    $77,374

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

    total $1,078,937 · related or exempt $1,078,937

  • 3 · Investment income

    total $2,477 · excluded $2,477

  • 11d · All other revenue

    total $7,259 · excluded $7,259

  • 11e · Other revenue, total

    $7,259

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,572 · program services $2,572

  • 7 · Other salaries and wages

    total $752,319 · program services $601,855 · management and general $150,464

  • 8 · Pension plan contributions

    total $50,596 · program services $40,477 · management and general $10,119

  • 9 · Other employee benefits

    total $101,937 · program services $81,550 · management and general $20,387

  • 10 · Payroll taxes

    total $30,834 · program services $24,667 · management and general $6,167

  • 11b · Fees: legal

    total $8,691 · program services $400 · management and general $8,291

  • 11c · Fees: accounting

    total $10,461 · management and general $10,461

  • 11g · Fees: other

    total $36,478 · program services $36,478

  • 13 · Office expenses

    total $30,567 · program services $20,188 · management and general $10,379

  • 14 · Information technology

    total $1,472 · program services $1,472

  • 16 · Occupancy

    total $106,432 · program services $95,906 · management and general $10,526

  • 17 · Travel

    total $10,442 · program services $10,442

  • 19 · Conferences, conventions and meetings

    total $1,515 · program services $1,515

  • 20 · Interest

    total $62 · management and general $62

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $21,472 · program services $21,472

  • 24a · Other expenses: MISCELLANEOUS INCOME

    total $5,821 · program services $2,605 · management and general $3,216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,922 · end of year $44,099

  • 3 · Pledges and grants receivable

    beginning of year $47,080

  • 4 · Accounts receivable

    beginning of year $100,278 · end of year $80,234

  • 8 · Inventories for sale or use

    beginning of year $259 · end of year $259

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

    $3,959,500

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

    $699,497

  • 10c · Land, buildings and equipment, net

    beginning of year $3,440,086 · end of year $3,260,003

  • 15 · Other assets

    beginning of year $722,046 · end of year $747,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,695 · end of year $43,393

  • 23 · Secured mortgages and notes payable

    beginning of year $9,849 · end of year $0

  • 25 · Other liabilities

    beginning of year $590,450 · end of year $461,787

  • 27 · Net assets without donor restrictions

    beginning of year $3,732,677 · end of year $3,626,970

Mission and programs · 2024

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.PROGRAM SERVICE ACCOMPLISHMENTTHESE OUR TREASURES WAS ESTABLISHED TO EDUCATE YOUNG CHILDREN WITH DEVELOPMENTAL DISABILITIES IN AN ATMOSPHERE THAT ACCOMMODATES INDIVIDUAL DIFFERENCES AND HELPS CHILDREN TO ACHIEVE IN THE CONTEXT OF THE LARGER CLASSROOM AND SCHOOL SETTING. WE PROVIDE SERVICES THAT HELP CHILDREN DEVELOP THE SKILLS NECESSARY TO LIVE AS INDEPENDENTLY AS POSSIBLE IN, AND CONTRIBUTE TO, THEIR COMMUNITIES.THE ORGANIZATION IS OPEN TO CHILDREN THROUGHOUT THE FIVE BOROUGHS; HOWEVER, BECAUSE OF TRAVEL TIME CONSTRAINTS WITH YOUNG CHILDREN, TOTS PRIMARILY SERVES CHILDREN FROM ALL PARTS OF THE BRONX.WE PROVIDE COMPREHENSIVE EARLY EDUCATIONAL AND HABILITATION SERVICES FOR CHILDREN, USING A TRANSDISCIPLINARY APPROACH, WHICH LOOKS AT THE WHOLE CHILD AND WORKS IN PARTNERSHIP WITH FAMILIES AND CAREGIVERS. OUR HIGHLY TRAINED STAFF PROVIDES MORE THAN PROFESSIONAL CARE, BRINGING AN UNUSUALLY HIGH LEVEL OF DEDICATION TO THE CHILDREN, COMPASSION FOR FAMILIES, AND MOTIVATION TOWARD CONTINUED GROWTH AND EXCELLENCE. THE SERVICES LISTED BELOW ARE PROVIDED TO PRESCHOOL CHILDREN (AGES 3-5) IN OUR FULL-DAY PROGRAM WITH APPROVAL FROM THE NYC DEPARTMENT OF EDUCATION COMMITTEE FOR PRESCHOOL SPECIAL EDUCATION (CPSE): - SPECIAL INSTRUCTION/SPECIAL EDUCATION- SPEECH THERAPY- OCCUPATIONAL THERAPY- PHYSICAL THERAPY- COUNSELING- SOCIAL WORK SERVICES - DOOR-TO-DOOR TRANSPORTATION BY MINI-BUSES PROVIDED BY THE DEPARTMENT OF EDUCATION'S OFFICE OF PUPIL TRANSPORTATION WITH APPROVAL

    Expenses $941,599 · Grants $2,572 · Revenue $1,078,937

As filed on the 2024 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
    $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 Brezenoff

    TRUSTEE/GEN COUN/VP/CHAIR

    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

  • Mary Moran

    CHAIR

    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

  • Arlene Gonzalez-Sanchez

    EXECUTIVE DIRECTOR

    Total calculated
    $139,203
    From this org
    $0
    From related orgs
    $135,586
    Other
    $3,617
    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
202632269349303458

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