Civic Intelligence

These Our Treasures Inc

EIN 23-7307464 • 501(c)3 • New York, NY

Profile

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.

633 Third Ave 6th FLNew York, NY 10017

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

8th percentile

-21%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

73rd percentile

26%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$4,388,671

Up $6,490 (+0.1%) from 2023

Liabilities

Up

$655,994

Up $224,456 (+52%) from 2023

Net Assets

Down

$3,732,677

Down $217,966 (-5.5%) from 2023

Revenue

Down

$1,524,923

Down $108,020 (-6.6%) from 2023

Expenses

Up

$1,742,889

Up $415,577 (+31%) from 2023

Net Income

Down

-$217,966

Down $523,597 (-171%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,366,672Liabilities 2011: $1,323,822Net Assets 2011: $2,042,8502011Assets 2012: $3,355,498Liabilities 2012: $1,265,306Net Assets 2012: $2,090,1922012Assets 2013: $2,760,580Liabilities 2013: $875,967Net Assets 2013: $1,884,6132013Assets 2014: $2,358,236Liabilities 2014: $706,612Net Assets 2014: $1,651,6242014Assets 2015: $2,063,841Liabilities 2015: $543,056Net Assets 2015: $1,520,7852015Assets 2016: $1,900,444Liabilities 2016: $504,703Net Assets 2016: $1,395,7412016Assets 2017: $1,486,986Liabilities 2017: $440,097Net Assets 2017: $1,046,8892017Assets 2018: $1,272,312Liabilities 2018: $441,794Net Assets 2018: $830,5182018Assets 2019: $1,163,144Liabilities 2019: $477,026Net Assets 2019: $686,1182019Assets 2020: $4,934,475Liabilities 2020: $659,463Net Assets 2020: $4,275,0122020Assets 2021: $5,258,448Liabilities 2021: $1,177,828Net Assets 2021: $4,080,6202021Assets 2022: $6,965,852Liabilities 2022: $3,320,840Net Assets 2022: $3,645,0122022Assets 2023: $4,382,181Liabilities 2023: $431,538Net Assets 2023: $3,950,6432023Assets 2024: $4,388,671Liabilities 2024: $655,994Net Assets 2024: $3,732,6772024

Highlighted filing

2024

Assets$4,388,671
Liabilities$655,994
Net Assets$3,732,677

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $3,288,5512011Expenses 2012: $3,140,2902012Expenses 2013: $3,015,4612013Revenue 2014: $2,616,416Expenses 2014: $2,849,405Net Income 2014: -$232,9892014Revenue 2015: $2,260,987Expenses 2015: $2,391,826Net Income 2015: -$130,8392015Revenue 2016: $2,067,924Expenses 2016: $2,192,968Net Income 2016: -$125,0442016Revenue 2017: $2,007,332Expenses 2017: $2,356,184Net Income 2017: -$348,8522017Revenue 2018: $2,026,245Expenses 2018: $2,242,616Net Income 2018: -$216,3712018Revenue 2019: $1,946,957Expenses 2019: $2,091,357Net Income 2019: -$144,4002019Revenue 2020: $419,509Expenses 2020: $599,327Net Income 2020: -$179,8182020Revenue 2021: $2,426,233Expenses 2021: $2,620,625Net Income 2021: -$194,3922021Revenue 2022: $966,631Expenses 2022: $1,402,239Net Income 2022: -$435,6082022Revenue 2023: $1,632,943Expenses 2023: $1,327,312Net Income 2023: $305,6312023Revenue 2024: $1,524,923Expenses 2024: $1,742,889Net Income 2024: -$217,9662024

Highlighted filing

2024

Revenue$1,524,923
Expenses$1,742,889
Net Income-$217,966

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.39$0.66$3.73$1.52$1.74$0.22
2023Detailed filing. Detailed filing data is available for this year.$4.38$0.43$3.95$1.63$1.33$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.97$3.32$3.65$0.97$1.40$0.44
2021Detailed filing. Detailed filing data is available for this year.$5.26$1.18$4.08$2.43$2.62$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.93$0.66$4.28$0.42$0.60$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.48$0.69$1.95$2.09$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.44$0.83$2.03$2.24$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.44$1.05$2.01$2.36$0.35
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.50$1.40$2.07$2.19$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.54$1.52$2.26$2.39$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.36$0.71$1.65$2.62$2.85$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.88$1.88$3.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$1.27$2.09$3.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$1.32$2.04$3.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,524,923
Mission and Program Overview

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.

To provide care, training and development for children with disabilities (see schedule o).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,540,169$3,440,086▼ $100,083
Savings and Temporary Cash Investments$411,366--
Accounts Receivable$131,881$100,278▼ $31,603
Cash and Non-Interest-Bearing Accounts$251,426$78,922▼ $172,504
Pledges and Grants Receivable$47,080$47,080→ $0
Inventories for Sale or Use$259$259→ $0
Total Assets$4,382,181$4,388,671▲ $6,490
Other Assets Total$0$722,046▲ $722,046
Liabilities
Other Liabilities$292,844$590,450▲ $297,606
Accounts Payable and Accrued Expenses$71,410$55,695▼ $15,715
Mortgage Notes Payable Secured by Investment Property$67,284$9,849▼ $57,435
Total Liabilities$431,538$655,994▲ $224,456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,950,643$3,732,677▼ $217,966
Total Net Assets Fund Balance$3,950,643$3,732,677▼ $217,966
Total Liabilities and Net Assets / Fund Balance$4,382,181$4,388,671▲ $6,490

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,440,086$599,414$4,039,500
Other Assets Org$722,046--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth BrezenoffTrustee/gen Coun/VP/chair
Christine McmahonPresident & CEO of Fedcap
Arlene Gonzalez-sanchezExecutive Director (as of 03/2024)
Mary MoranTrustee
Carol KhouryTrustee /CFO of Fedcap
Revenue and Support

Revenue Composition

Contributions and Grants
$111,544
Program Service Revenue
$1,407,742
Investment Income
$5,637
Other Revenue
$0
Change in Net Assets
$-217,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$934,603
Salaries, Compensation, and Employee Benefits$763,842
Grants and Similar Amounts Paid$44,444
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$605,081$1,027-$606,108
Depreciation Depletion-$100,083-$100,083
Other Employee Benefits$84,910$407-$85,317
Fees for Services Legal$2,200$73,382-$75,582
Grants to Domestic Individuals$44,444--$44,444
Pension Plan Contributions$41,053$202-$41,255
Occupancy$35,069$3,548-$38,617
Office Expenses$10,769$24,685-$35,454
Payroll Taxes$30,858$304-$31,162
Insurance$18,650$114-$18,764
All Other Expenses$1,338$6,296-$7,634
Information Technology$6,756--$6,756
Other Expenses$2,974$925-$3,899
Interest-$2,082-$2,082
Fees for Services Other$210$999-$1,209
Travel-$125-$125
Total Functional Expenses$884,312$858,577$0$1,742,889
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$590,450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

These our treasures, inc.'s sole member is easter seals new york, inc.

Form 990, Part VI, Section A, Line 7A

The organization's bylaws reserve the power to the sole member to appoint, replace or remove the board of directors (for any reason at any time).

Form 990, Part VI, Section A, Line 7B

These our treasures, inc.'s bylaws reserves the following powers to its sole member, easter seals new york, inc.: - amend the certificate of incorporation or bylaws, - approve a merger or consolidation with or into another entity, - adopt a budget or make a material change to a budget, - divest itself of any line of business, - file for bankruptcy, - permit or approve its entering into any guaranty or surety arrangement, - consent to the entry of a judgment against it, - approve the sale of a material part of its assets, - commence a lawsuit, - admit a new member, - approve the acquisition of any entity, - permit the incurring of any indebtedness for borrowed money.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by an independent accounting firm in conjunction with fedcap's financial department. The form 990 is reviewed by senior management and a full copy is distributed to the board of directors prior to its filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

These our treasures, inc. Follows fedcap's conflict of interest policy. The conflict of interest policy is signed by appropriate fedcap employees annually. Each member of the board of directors signs the conflict of interest policy on an annual basis. Violation of the policy will subject an employee to disciplinary action or immediate discharge. Employees who have knowledge or suspicion of improper conduct or activities by other employees or outside parties doing business with fedcap, are expected to immediately bring it to the attention of the ceo or director of human resources. Form 990, part vi, section b, line 13 & 14: these our treasures, inc. Operates under the whistleblower and document retention policy of its parent organization, the fedcap group, inc.

Form 990, Part VI, Section B, Line 15

These our treasures, inc. Does not compensate any of the officers reported on the form 990; that compensation is paid by fedcap rehabilitation services, inc. (an affiliated organization). The process that fedcap undertakes to determine compensation is as follows: the board of directors has established a compensation committee of independent persons that have no personal interest in the proposed compensation agreement. In determining the president's compensation package, the compensation committee conducts an analysis of industry comparables for individuals performing similar job functions. The compensation committee ultimately makes the decisions about the president's compensation and memorializes its decision in the board minutes.

Form 990, Part VI, Section C, Line 19

These our treasures, inc. Makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.

Filing and Contact Details

Filer

Filer Name
These Our Treasures Inc
EIN
23-7307464
Phone
2127274200
Address
633 THIRD AVE 6TH FL, NEW YORK, NY 10017

Signing Officer

Name
Carol Khoury
Title
CFO
Phone
2127274200
Signed
2025-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christine Mcmahon
Formed
1973
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Advisors LLC
Address
757 THIRD AVENUE 9TH FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A:

Program service accomplishment these 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

PART V, LINE 2A:

These our treasures, inc. Reports no employees (and issues no 1099s to vendors) because all such payroll and accounts payable reporting is done by its affiliate, easter seals new york. Any employees providing services to these our treasures, inc. Receive their w-2s from the affiliated organization.

Form 990, Part IX, Line 24A

The fedcap group provides certain corporate services such as finance, human resources, payroll, legal and information technology, to its affiliated organizations. These services are reimbursed at cost; in fiscal 2024, these our treasures reimbursed $182,990 to the fedcap group for these corporate services.

Financial Statement Notes

PART X, LINE 2:

These our treasures, inc. Does not receive its own standalone audited financial statements; its operations are included within the financial statements of its parent organization: the fedcap group, inc. The fin-48 footnote reproduced below is from the consolidated audited financial statements. Fedcap and its related entities follow guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Fedcap and its related entities are exempt from federal income tax under irc section 501(c)(3), though they are subject to tax on income unrelated to their respective exempt purpose, unless that income is otherwise excluded by the irc. These organizations have processes presently in place to ensure the maintenance of their tax-exempt status; to identify and report unrelated income; to determine their filing and tax obligations in jurisdictions for which they have nexus; and to identify and evaluate other matters that may be considered tax positions. Fedcap and its related entities have determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements.

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IRS990/MissionDesc0AN 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.
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0722046
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTERCOMPANY RECEIVABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0590450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THESE OUR TREASURES, INC. DOES NOT RECEIVE ITS OWN STANDALONE AUDITED FINANCIAL STATEMENTS; ITS OPERATIONS ARE INCLUDED WITHIN THE FINANCIAL STATEMENTS OF ITS PARENT ORGANIZATION: THE FEDCAP GROUP, INC. THE FIN-48 FOOTNOTE REPRODUCED BELOW IS FROM THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. FEDCAP AND ITS RELATED ENTITIES FOLLOW GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. FEDCAP AND ITS RELATED ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR RESPECTIVE EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THESE ORGANIZATIONS HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE THEIR FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. FEDCAP AND ITS RELATED ENTITIES HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PARTICIPANT SUPPLIES
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SUPPLIES AND MATERIALS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt032
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FEDCAP GROUP IS COMMITTED TO EFFECTING LONG-TERM, SUSTAINABLE CHANGE AMONG THE POPULATIONS AND COMMUNITIES WE SERVE. THESE OUR TREASURES, INC. IS AN INSTRUMENTAL PART OF EFFECTING THAT CHANGE. ITS PROGRAMS AND OPERATIONS EDUCATE YOUNG CHILDREN WITH DEVELOPMENTAL DISABILITIES. INDIVIDUAL GRANTS DO NOT REQUIRE CONTINUED MONITORING AS THE ORGANIZATION ONLY PROVIDES ASSISTANCE TO THOSE INDIVIDUALS WHO HAVE DEMONSTRATED A NEED (EITHER PUBLIC ASSISTANCE, EDUCATIONAL STIPENDS OR SOME OTHER FORM OF CARE). NO GIFTED FUNDS MAY BE USED FOR NON-ESSENTIAL PURPOSES AND MAY NOT BE SPENT ON DISCRETIONARY ITEMS THAT DO NOT SUPPORT AN INDIVIDUAL'S HEALTH AND WELFARE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III:
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTINE MCMAHON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CAROL KHOURY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KENNETH BREZENOFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MARY MORAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO OF FEDCAP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TRUSTEE /CFO OF FEDCAP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TRUSTEE/GEN COUN/VP/CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TRUSTEE
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PRESIDENT/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.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROGRAM SERVICE ACCOMPLISHMENT THESE 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THESE OUR TREASURES, INC. REPORTS NO EMPLOYEES (AND ISSUES NO 1099S TO VENDORS) BECAUSE ALL SUCH PAYROLL AND ACCOUNTS PAYABLE REPORTING IS DONE BY ITS AFFILIATE, EASTER SEALS NEW YORK. ANY EMPLOYEES PROVIDING SERVICES TO THESE OUR TREASURES, INC. RECEIVE THEIR W-2S FROM THE AFFILIATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE OUR TREASURES, INC.'S SOLE MEMBER IS EASTER SEALS NEW YORK, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BYLAWS RESERVE THE POWER TO THE SOLE MEMBER TO APPOINT, REPLACE OR REMOVE THE BOARD OF DIRECTORS (FOR ANY REASON AT ANY TIME).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE OUR TREASURES, INC.'S BYLAWS RESERVES THE FOLLOWING POWERS TO ITS SOLE MEMBER, EASTER SEALS NEW YORK, INC.: - AMEND THE CERTIFICATE OF INCORPORATION OR BYLAWS, - APPROVE A MERGER OR CONSOLIDATION WITH OR INTO ANOTHER ENTITY, - ADOPT A BUDGET OR MAKE A MATERIAL CHANGE TO A BUDGET, - DIVEST ITSELF OF ANY LINE OF BUSINESS, - FILE FOR BANKRUPTCY, - PERMIT OR APPROVE ITS ENTERING INTO ANY GUARANTY OR SURETY ARRANGEMENT, - CONSENT TO THE ENTRY OF A JUDGMENT AGAINST IT, - APPROVE THE SALE OF A MATERIAL PART OF ITS ASSETS, - COMMENCE A LAWSUIT, - ADMIT A NEW MEMBER, - APPROVE THE ACQUISITION OF ANY ENTITY, - PERMIT THE INCURRING OF ANY INDEBTEDNESS FOR BORROWED MONEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH FEDCAP'S FINANCIAL DEPARTMENT. THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT AND A FULL COPY IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE OUR TREASURES, INC. FOLLOWS FEDCAP'S CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS SIGNED BY APPROPRIATE FEDCAP EMPLOYEES ANNUALLY. EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. VIOLATION OF THE POLICY WILL SUBJECT AN EMPLOYEE TO DISCIPLINARY ACTION OR IMMEDIATE DISCHARGE. EMPLOYEES WHO HAVE KNOWLEDGE OR SUSPICION OF IMPROPER CONDUCT OR ACTIVITIES BY OTHER EMPLOYEES OR OUTSIDE PARTIES DOING BUSINESS WITH FEDCAP, ARE EXPECTED TO IMMEDIATELY BRING IT TO THE ATTENTION OF THE CEO OR DIRECTOR OF HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 13 & 14: THESE OUR TREASURES, INC. OPERATES UNDER THE WHISTLEBLOWER AND DOCUMENT RETENTION POLICY OF ITS PARENT ORGANIZATION, THE FEDCAP GROUP, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THESE OUR TREASURES, INC. DOES NOT COMPENSATE ANY OF THE OFFICERS REPORTED ON THE FORM 990; THAT COMPENSATION IS PAID BY FEDCAP REHABILITATION SERVICES, INC. (AN AFFILIATED ORGANIZATION). THE PROCESS THAT FEDCAP UNDERTAKES TO DETERMINE COMPENSATION IS AS FOLLOWS: THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENT. IN DETERMINING THE PRESIDENT'S COMPENSATION PACKAGE, THE COMPENSATION COMMITTEE CONDUCTS AN ANALYSIS OF INDUSTRY COMPARABLES FOR INDIVIDUALS PERFORMING SIMILAR JOB FUNCTIONS. THE COMPENSATION COMMITTEE ULTIMATELY MAKES THE DECISIONS ABOUT THE PRESIDENT'S COMPENSATION AND MEMORIALIZES ITS DECISION IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THESE OUR TREASURES, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE FEDCAP GROUP PROVIDES CERTAIN CORPORATE SERVICES SUCH AS FINANCE, HUMAN RESOURCES, PAYROLL, LEGAL AND INFORMATION TECHNOLOGY, TO ITS AFFILIATED ORGANIZATIONS. THESE SERVICES ARE REIMBURSED AT COST; IN FISCAL 2024, THESE OUR TREASURES REIMBURSED $182,990 TO THE FEDCAP GROUP FOR THESE CORPORATE SERVICES.

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