These Our Treasures Inc

Nonprofit profile at a glance

EIN
237307464
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2127274200
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$1,166,047
Expenses
$1,271,754
Assets
$4,132,150
Liabilities
$505,180

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • CHRISTINE MCMAHON (PRESIDENT & CEO OF FEDCAP)
  • ARLENE GONZALEZ-SANCHEZ (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CHRISTINE MCMAHON (PRESIDENT & CEO OF FEDCAP): $894,189 total reported compensation
  • CAROL KHOURY (TRUSTEE /CFO OF FEDCAP): $405,031 total reported compensation
  • KENNETH BREZENOFF (TRUSTEE/GEN COUN/VP/CHAIR): $259,975 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

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.

What it reported doing in 2024

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

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 38
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.6%; rating input score 81
  • Program expense ratio: 74%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.1%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 3.25; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 16.2%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: -8.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -6.1% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 80.6% of revenue deployed · 74% of spending went to programs
  • Governance: 3 of 3 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $942K in reported program spending
  • Leadership: top reported pay $894K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 32 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.