Fedcap Apex Technical School Inc
- Assets
- $53.8m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 302
- Location
- New York, NY
- Founding
- Data as of
- 09/2023
- EIN
- 87-4527298
Organization Overview
Fedcap Apex Technical School Inc is located in New York, NY. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 09/2023, Fedcap Apex Technical School Inc employed 302 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fedcap Apex Technical School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE COMMITTED TO PROVIDING EDUCATION THAT POSITIONS PEOPLE FOR JOBS IN THE TRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Khoury CFO & Treasurer | OfficerTrustee | 1 | $0 |
Kenneth Brezenoff Chairman | OfficerTrustee | 1 | $0 |
Christine Mcmahon President And CEO | Officer | 1 | $0 |
Steven Markowitz President | Officer | 40 | $210,879 |
Jacqueline Madravazakis Vice President | Officer | 40 | $168,898 |
Stuart Markowitz Vice President | Officer | 40 | $152,527 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,161,795 |
| Investment income | $4 |
| 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 | $23,272,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,192,763 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $601,424 |
| Compensation of current officers, directors, key employees. | $77,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,218,059 |
| Pension plan accruals and contributions | $268,533 |
| Other employee benefits | $805,516 |
| Payroll taxes | $197,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,088 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,044 |
| Advertising and promotion | $650,533 |
| Office expenses | $666,415 |
| Information technology | $613,571 |
| Royalties | $0 |
| Occupancy | $5,088,534 |
| Travel | $53,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,041,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,093,102 |
| Insurance | $180,175 |
| All other expenses | $781,165 |
| Total functional expenses | $25,786,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,375,707 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $121,676 |
| Prepaid expenses and deferred charges | $1,653,802 |
| Net Land, buildings, and equipment | $49,855,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $144,000 |
| Other assets | $0 |
| Total assets | $53,809,095 |
| Accounts payable and accrued expenses | $2,468,478 |
| Grants payable | $0 |
| Deferred revenue | $1,677,273 |
| 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 | $54,262,542 |
| Total liabilities | $58,408,293 |
| Net assets without donor restrictions | -$4,599,198 |
| Net assets with donor restrictions | $0 |
| 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 | $53,809,095 |