H-Cap Education Association Inc
- Assets
- $895.4k
- Revenue
- $910.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4604754
Organization Overview
H-Cap Education Association Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H-Cap Education Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, H-Cap Education Association Inc generated $910.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $264.0k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, H-Cap Education Association Inc has awarded 11 individual grants totaling $674,364. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
H-CAP EDUCATION ASSOCIATION INC. IS A NETWORK OF INDUSTRY DRIVEN, LABOR MANAGEMENT TRAINING AND UPGRADING PARTNERSHIPS. THESE PARTNERSHIPS ARE AFFILIATED WITH MAJOR HEALTHCARE EMPLOYERS IN REGIONS AROUND THE COUNTRY AND WITH THE SERVICE EMPLOYEES INTERNATIONAL UNION SEIU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PROFESSIONAL DEVELOPMENT, TECHNICAL ASSISTANCE AND PROGRAM ASSISTANCE TO TRAINING AND UPGRADING PARTNERSHIPS THAT PROVIDE EDUCATION TO HEALTHCARE WORKERS IN HOSPITAL, NURSING HOME AND HOME CARE SETTINGS. THESE PARTNERSHIPS WORK TO ADVANCE WORKFORCE DEVELOPMENT AND THE DELIVERY OF HIGH QUALITY HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinne Eldridge Board Member | Trustee | 0.5 | $0 |
Steve Bender Board Treasurer | OfficerTrustee | 0.5 | $0 |
Sandi Vito Board President | OfficerTrustee | 0.5 | $0 |
Rebecca Hanson Board Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H-cap Inc | 12/30/21 | $125,880 |
Seiu 775 Training Partnership | 12/30/21 | $270,273 |
Seiu Healthcare 1199nw Multio | 12/30/21 | $368,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800,000 |
| Total Program Service Revenue | $110,773 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $910,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,000 |
| Advertising and promotion | $0 |
| Office expenses | $884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,489 |
| All other expenses | $0 |
| Total functional expenses | $264,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,906 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $895,428 |
| Accounts payable and accrued expenses | $997 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $5,997 |
| Net assets without donor restrictions | $1,289 |
| Net assets with donor restrictions | $888,142 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $895,428 |
Grants Awarded
Over the last fiscal year, H-Cap Education Association Inc has awarded $326,905 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEIU HEALTHCARE 1199NW MULTI-EMPLOY | | | $76,405 |
1199SEIU LEAGUE TRAINING AND UPGRAD PURPOSE: Director of Apprenticeship | $250,500 |