FEDCAP REHABILITATION SERVICES INC

EIN: 135645879 501(c)(3)

NEW YORK, NY

Total Revenue
$105,953,538
Total Expenses
$107,206,289
Total Assets
$128,412,424
Net Assets
$37,072,371
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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
NY
Principal Officer
CHRISTINE MCMAHON
Phone
2127274200
Tax Period
2023-10-01 to 2024-09-30

FEDCAP REHABILITATION SERVICES INC, founded in 1935, is a major nonprofit that reported $106.0M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING. FEDCAP REHABILITATION SERVICES PROVIDES AN ARRAY OF SERVICES TO YOUTH AND ADULTS HELPING THOUSANDS EACH YEAR GRADUATE FROM HIGH SCHOOL, OBTAIN VOCATIONAL CERTIFICATION OR A COLLEGE DEGREE, BECOME WORK READY, OBTAIN MEANINGFUL EMPLOYMENT AND ACHIEVE LONG TERM ECONOMIC WELL-BEING. FOUNDED IN 1935 BY THREE VETERANS WITH PHYSICAL DISABILITIES WHO STRUGGLED TO FIND EMPLOYMENT, FEDCAP SERVES THOUSANDS OF PEOPLE ANNUALLY INCLUDING VETERANS, PEOPLE WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES, INDIVIDUALS WITH MENTAL HEALTH ISSUES, ADULTS WHO'VE BEEN IN PRISON, AND DISCONNECTED YOUTH AGING OUT OF FOSTER CARE AND JUVENILE JUSTICE SYSTEMS. EACH YEAR, FEDCAP OFFERS AN ARRAY OF SERVICES THROUGH ITS FOUR PRACTICE AREAS EDUCATION, WORKFORCE DEVELOPMENT, OCCUPATIONAL HEALTH, AND ECONOMIC DEVELOPMENT-HELPING MORE THAN 80,000 INDIVIDUALS GRADUATE FROM HIGH SCHOOL, OBTAIN VOCATIONAL CERTIFICATION OR A COLLEGE DEGREE, BECOME WORK READY, OBTAIN MEANINGFUL EMPLOYMENT AND ACHIEVE ECONOMIC WELL-BEING. THE FEDCAP GROUP'S WORK IS STRUCTURED ACROSS FOUR PRACTICE AREAS - EDUCATION, OCCUPATIONAL HEALTH, WORKFORCE DEVELOPMENT AND ECONOMIC DEVELOPMENT. EACH PRACTICE AREA IS OVERSEEN BY A SENIOR VICE PRESIDENT (SVP) WITH NATIONAL EXPERIENCE AND EXPERTISE IN THEIR AREA OF FOCUS. THE WORK IS DELIVERED THROUGH AGENCIES MANAGED BY LEADERS WITH SIGNIFICANT LOCAL KNOWLEDGE AND EXTENSIVE OPERATIONAL EXPERIENCE AND SKILLS. THROUGH THIS MATRIX STRUCTURE, THE FEDCAP GROUP ALIGNS ITS WORK ACROSS DIVERSE SYSTEMS AND FUNDING SOURCES FOR GREATER IMPACT. THE EFFORTS OF EACH PRACTICE AREA ARE SUPPORTED BY THE COMMUNITY IMPACT INSTITUTE - THE FEDCAP GROUP'S DISCOVERY AND RESEARCH ARM.

Program Service Accomplishments

Program 1
Expenses: $86,154,660 Revenue: $97,527,149

ECONOMIC DEVELOPMENT HISTORICALLY, THE FEDCAP GROUP HAS FOSTERED JOB CREATION FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING THROUGH THE DEVELOPMENT AND OPERATION OF SOCIAL BUSINESS VENTURES. THE...

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ECONOMIC DEVELOPMENT HISTORICALLY, THE FEDCAP GROUP HAS FOSTERED JOB CREATION FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING THROUGH THE DEVELOPMENT AND OPERATION OF SOCIAL BUSINESS VENTURES. THE FEDCAP GROUP CURRENTLY EMPLOYS APPROXIMATELY 1,000 INDIVIDUALS IN BUSINESSES WITH TOTAL ANNUAL REVENUES OF OVER $90 MILLION. THE FEDCAP GROUP IS NOW LOOKING TO EXPAND ITS WORK IN ECONOMIC DEVELOPMENT WITH THE ADDITION OF INVESTMENT CAPACITY ALIGNED WITH ITS HOLISTIC OFFERINGS IN THE TALENT DEVELOPMENT ARENA. FEDCAP'S PRIMARY AND MOST PRESTIGIOUS PROGRAM IS ITS FACILITIES MANAGEMENT. FOR OVER 30 YEARS, FEDERAL, STATE AND COMMERCIAL CUSTOMERS HAVE RELIED UPON OUR QUALITY CUSTODIAL AND FACILITIES MANAGEMENT. WITH OVER 22 MILLION SQUARE FEET OF SPACE UNDER CONTRACT, OUR TOTAL FACILITIES MANAGEMENT SERVICE DELIVERS RESULTS WHILE EMPLOYING VETERANS AND PERSONS WITH DISABILITIES. TOTAL FACILITY MANAGEMENT PROVIDES CUSTOMERS A WORKFORCE OF INDIVIDUALS WITH BARRIERS, OFTEN THROUGH SET ASIDE PROGRAMS THAT CAN BENEFIT YOUR ORGANIZATION. IT ALSO PROVIDES ON-THE-JOB CONTINUED SUPPORT TO ITS EMPLOYEES BY HAVING JOB COUNSELORS AND JOB COACHES AVAILABLE TO ASSURE EMPLOYERS MAINTAIN CLEAN AND FUNCTIONING WORK SPACES WHILE ASSISTING THOSE WITH DISABILITIES TO SUCCEED ON THE JOB. TOTAL FACILITY MANAGEMENT WORKERS HELP YOUR ORGANIZATION TO DEMONSTRATE DIVERSITY IN YOUR WORKPLACE. FEDCAP REHABILITATION SPECIALIZES IN THE ABILITY TO ASSESS A CUSTOMER'S NEEDS AND QUICKLY AND EFFICIENTLY DEVELOP A DETAILED BUSINESS, RECRUITMENT, STAFFING, AND TRAINING. EVERY DAY FEDCAP REHABILITATION DEMONSTRATES THE ABILITY TO NATIONALLY COORDINATE, LOCALLY DISTRIBUTE, AND INSTITUTIONALLY STRUCTURE AN ACCESSIBLE SYSTEM OF EMPLOYMENT, SUPPORTS, AND SERVICES WHILE DELIVERING MULTIFACETED SOLUTIONS FOR OUR CUSTOMERS.

Program 2
Expenses: $6,411,034 Revenue: $4,900,815

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 2023...

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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 2023 WAS $130,000; THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C.

Program 3
Expenses: $1,676,190 Revenue: $1,049,751

OCCUPATIONAL HEALTH THE FEDCAP GROUP TAKES A NOVEL APPROACH TO OCCUPATIONAL HEALTH -ASSISTING INDIVIDUALS TO OBTAIN THE CRITICAL TREATMENT THEY NEED WHILE AT THE SAME TIME PROVIDING THE SUPPORTS...

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OCCUPATIONAL HEALTH THE FEDCAP GROUP TAKES A NOVEL APPROACH TO OCCUPATIONAL HEALTH -ASSISTING INDIVIDUALS TO OBTAIN THE CRITICAL TREATMENT THEY NEED WHILE AT THE SAME TIME PROVIDING THE SUPPORTS NECESSARY FOR SUCCESSFUL EMPLOYMENT. THE FEDCAP GROUP PROVIDES CLINICAL SERVICES DIRECTLY AND INDIRECTLY THROUGH LOCAL COMMUNITY PARTNERS. IT COMPLEMENTS THESE SERVICES WITH ANCILLARY WORKFORCE DEVELOPMENT AND EDUCATIONAL SERVICES. THE FEDCAP GROUP OPERATES A VARIETY OF OCCUPATIONAL HEALTH PROGRAMS THROUGH SEVERAL OF ITS SUBSIDIARIES IN NEW HAMPSHIRE, NEW JERSEY, NEW YORK AND TEXAS AND WORKS WITH LOCAL PROVIDERS TO SERVE OTHER GEOGRAPHIES. WITH THE INCREASING TREND TO INCLUDE VULNERABLE POPULATIONS IN MANAGED CARE PLANS, THE FEDCAP GROUP IS ALSO SERVING AS A VALUABLE PARTNER TO INSURERS AND INTEGRATED PROVIDER GROUPS, DELIVERING PRECISE, EVIDENCE-BASED INTERVENTIONS THAT REDUCE HOSPITALIZATION AND READMISSION, AND INCREASE LONG-TERM HEALTH AND STABILITY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,187,526
Program Service Revenue $103,857,996
Investment Income $2,264
Other Revenue $905,752
TOTAL REVENUE $105,953,538

Expense Breakdown

Grants Paid $655,952
Salaries & Benefits $65,852,993
Fundraising Expenses $1,180,677
Program Expenses $94,581,562
Other Expenses $40,697,344
TOTAL EXPENSES $107,206,289

Year-over-Year Comparison

2023 2022 Change
Revenue $105,953,538 $103,264,175 +0.0%
Expenses $107,206,289 $96,951,379 +0.1%
Net Income $-1,252,751 $6,312,796 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
1059
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,890,599
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURENCE ACH CO-CHAIR 1.00
Officer Director
$0 $0 $0
PETER PANKEN CO-CHAIR 1.00
Officer Director
$0 $0 $0
NANCY SETTERGREN TREASURER 1.00
Officer Director
$0 $0 $0
JANICE OURSLER PHD BOARD MEMBER 1.00
Director
$0 $0 $0
PETER ASCHKENASY BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
MALVINA KAY BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN MILTON BOARD MEMBER (AS OF 11/2023) 1.00
Director
$0 $0 $0
CHRISTINE MCMAHON PRESIDENT & CEO, FEDCAP GROUP 4.00
Officer
$0 $151,561 $891,926
STEVEN COONS PRESIDENT, FEDCAP REHAB 40.00
Officer
$378,316 $10,262 $388,578
CAROL KHOURY CFO 1.00
Officer
$0 $8,517 $347,920
KENNETH BREZENOFF GEN. COUNSEL & VP STRAT. INIT. 1.00
Officer
$0 $18,802 $262,175
JERRY FERDINAND ASSISTANT CHIEF ENGINEER 40.00
Highest
$203,242 $171 $203,413
KRZYSZTOF BODZIUCH CHIEF ENGINEER 40.00
Highest
$194,260 $237 $194,497
DANIEL KAZALSKI ENGINEER 40.00
Highest
$187,858 $171 $188,029
GEORGE RIOS DIRECTOR OF OPERATIONS 40.00
Highest
$180,006 $171 $180,177
TERRENCE SAMWAYS ENGINEER 40.00
Highest
$179,223 $171 $179,394
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $105,953,538 $107,206,289 $128,412,424 $-1,252,751
2023 $103,264,175 $96,951,379 $127,745,308 $6,312,796
2022 $140,007,796 $138,073,708 $185,751,602 $1,934,088
2021 $151,071,826 $152,406,675 $145,385,414 $-1,334,849
2020 $147,545,604 $145,247,731 $141,691,238 $2,297,873
2019 $183,684,677 $181,725,813 $142,628,685 $1,958,864
2018 $200,725,658 $209,908,158 $137,056,185 $-9,182,500
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