THE FEDCAP GROUP INC

EIN: 830765672 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$36,277,188
Total Expenses
$32,943,597
Total Assets
$30,575,557
Net Assets
$-2,892,602
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
CHRISTINE MCMAHON
Phone
2127274200
Tax Period
2023-10-01 to 2024-09-30

THE FEDCAP GROUP INC, founded in 2018, is a mid-sized nonprofit in the Employment sector that reported $36.3M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $32.9M left a modest 9% surplus.

Mission

THE FEDCAP GROUP HAS DEVELOPED SCALABLE, INNOVATIVE AND POTENTIALLY DISRUPTIVE SOLUTIONS TO SOME OF SOCIETY'S MOST PRESSING NEEDS. WE CONTINUALLY REFINE OUR CAPABILITIES, OUR TALENT AND HOW WE LEVERAGE TECHNOLOGY TO MEET EVOLVING MARKET DEMANDS. WHO WE SERVE WHEN PEOPLE HAVE BARRIERS TO ECONOMIC WELLBEING, THE FEDCAP GROUP IS THERE. WE ARE IMPROVING THE LIVES OF CHILDREN AND ADULTS WITH DISABILITIES, VETERANS, YOUTH TRANSITIONING FROM FOSTER CARE, INDIVIDUALS ON PUBLIC ASSISTANCE, THE IMPOVERISHED, THOSE STRUGGLING WITH MENTAL ILLNESS, INDIVIDUALS RECOVERING FROM SUBSTANCE USE DISORDERS, OLDER WORKERS AND THE JUSTICE INVOLVED. THE FEDCAP GROUP MEASURES SUCCESS BY OUR ABILITY TO: -ACHIEVE INDUSTRY LEADING OUTCOMES FOR INDIVIDUALS WITH BARRIERS TO LONG TERM ECONOMIC WELLBEING. -UTILIZE TECHNOLOGY ACROSS PRACTICE AREAS TO ENGAGE POPULATIONS AND MEASURE RESULTS. -REPLICATE AND SCALE SUCCESSFUL PROGRAMS IN NEW LOCATIONS TO EXPAND IMPACT. -SERVE AS A GROWTH PLATFORM FOR LIKE-MINDED ORGANIZATIONS, ACHIEVING EFFICIENCIES AND REDUCING OVERHEAD.

Program Service Accomplishments

Program 1
Expenses: $1,109,501 Revenue: $111,994

SERVING OVER 340,000+ PEOPLE EACH YEAR ACROSS AN INTERNATIONAL FOOTPRINT, THE WORK OF THE FEDCAP GROUP IS STRUCTURED WITHIN FOUR MAJOR AREAS OF PRACTICE AND DELIVERED THROUGH A GROWING NUMBER OF...

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SERVING OVER 340,000+ PEOPLE EACH YEAR ACROSS AN INTERNATIONAL FOOTPRINT, THE WORK OF THE FEDCAP GROUP IS STRUCTURED WITHIN FOUR MAJOR AREAS OF PRACTICE AND DELIVERED THROUGH A GROWING NUMBER OF TOP-TIER COMPANIES EACH FOCUSED ON HELPING PEOPLE ACHIEVE LONG TERM ECONOMIC WELLBEING.WORKFORCE DEVELOPMENT TO INCLUDE JOB TRAINING IN HIGH GROWTH SECTORS, JOB PLACEMENT AND POST PLACEMENT SUPPORTS;EDUCATIONAL SERVICES FOR CHILDREN, YOUTH AND ADULTS;HEALTH SERVICES THAT PROMOTE STABLE PARTICIPATION IN THE WORKFORCE;ECONOMIC DEVELOPMENT TARGETED TO HELPING PEOPLE AND COMMUNITIES ACHIEVE ECONOMIC EQUITY.EACH PRACTICE AREA IS OVERSEEN BY A SENIOR VICE PRESIDENT WITH NATIONAL EXPERIENCE AND A DEEP STORE OF KNOWLEDGE IN THEIR AREA OF FOCUS. THE WORK IS DELIVERED THROUGH THE COMPANIES OF THE FEDCAP GROUP, LED BY EXECUTIVE DIRECTORS WITH SIGNIFICANT LOCAL KNOWLEDGE AND EXTENSIVE OPERATIONAL EXPERIENCE. THE COMPANIES ARE SUPPORTED BY A ROBUST CENTRAL TEAM, PROVIDING FINANCIAL, HUMAN RESOURCE, TECHNOLOGICAL AND ENGAGEMENT SUPPORT. THIS MATRIX STRUCTURE ALLOWS THE FEDCAP GROUP TO INTEGRATE ITS WORK ACROSS DIVERSE SYSTEMS AND FUNDING STREAMS FOR GREATER IMPACT.

Program 2
Expenses: $0 Revenue: $32,088,559

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $888,525
Program Service Revenue $32,200,553
Investment Income $3,750,820
Other Revenue $-562,710
TOTAL REVENUE $36,277,188

Expense Breakdown

Grants Paid $391,443
Salaries & Benefits $15,976,179
Fundraising Expenses $1,779,002
Program Expenses $1,109,501
Other Expenses $16,575,975
TOTAL EXPENSES $32,943,597

Year-over-Year Comparison

2023 2022 Change
Revenue $36,277,188 $24,697,027 +0.5%
Expenses $32,943,597 $24,231,270 +0.4%
Net Income $3,333,591 $465,757 +6.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
106
Volunteers
N/A

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
9
$2,954,297
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK O'DONOGHUE CHAIR 1.00
Officer Director
$0 $0 $0
LYNN MORGEN TREASURER 1.00
Officer Director
$0 $0 $0
PETER SAMUELS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID LANDAU BOARD MEMBER (THRU 01/24) 1.00
Director
$0 $0 $0
MARK COOPER BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTIE JUSTER BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE MCMAHON PRESIDENT & CEO OF FEDCAP 40.00
Officer
$740,366 $151,561 $891,927
CAROL KHOURY CFO OF FEDCAP 40.00
Officer
$339,404 $8,517 $347,921
JAMES MALATRAS CHIEF STRATEGY OFF. & VP EDUC. 40.00
Officer
$415,468 $541 $416,009
KENNETH BREZENOFF GEN. COUNSEL & VP STRAT. 40.00
Officer
$243,373 $18,802 $262,175
TAMMY MICKELSON CHIEF INFORMATION OFFICER 40.00
Officer
$270,541 $20,073 $290,614
GRANT COLLINS SVP WORKFORCE DEVELOPMENT 1.00
Officer
$0 $21,190 $317,980
STEVEN COONS PRESIDENT, FEDCAP REHABILI 1.00
Officer
$0 $10,262 $427,671
ANDREW RASIEJ EXECUTIVE DIRECTOR 40.00
Highest
$282,826 $17,948 $300,774
MARTIN HANNA SENIOR VICE PRESIDENT 40.00
Highest
$249,200 $0 $249,200
GILBERT RICOTTA VP REVENUE CYCLE 40.00
Highest
$249,200 $10,096 $259,296
MARYAM SHAHRESTANI DIR OF ORACLE HCM CLOUD PRODUCTS 40.00
Highest
$190,377 $5,195 $195,572
PAUL COURVILLE VP INFORMATION SYSTEMS 40.00
Highest
$187,258 $6,404 $193,662
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 $36,277,188 $32,943,597 $30,575,557 $3,333,591
2023 $24,697,027 $24,231,270 $27,129,496 $465,757
2022 $8,832,900 $15,387,565 $191,700 $-6,554,665
2021 $364,913 $2,119,196 $301,676 $-1,754,283
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