FEDCAP INC

EIN: 830837061 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$30,212,738
Total Expenses
$30,664,006
Total Assets
$16,594,551
Net Assets
$10,087,395
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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
8778295500
Tax Period
2023-10-01 to 2024-09-30

FEDCAP INC, founded in 2018, is a mid-sized nonprofit in the Employment sector that reported $30.2M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

FEDCAP, INC. MAKES HIGH OUTCOME, LIFE-CHANGING, SUSTAINABLE DIFFERENCES FOR INDIVIDUALS AND FAMILIES TO IMPROVE THEIR ECONOMIC WELL-BEING THROUGH WORK. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $24,194,532 Revenue: $30,110,682

FEDCAP, INC. PROVIDES A SUITE OF VOCATIONAL AND DEVELOPMENTAL SERVICES TO A MULTITUDE OF INDIVIDUALS IN NEED. FEDCAP, INC. HAS TESTED A SERIES OF INTERVENTIONS THAT ARE EFFECTIVE IN HELPING EVEN THE...

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FEDCAP, INC. PROVIDES A SUITE OF VOCATIONAL AND DEVELOPMENTAL SERVICES TO A MULTITUDE OF INDIVIDUALS IN NEED. FEDCAP, INC. HAS TESTED A SERIES OF INTERVENTIONS THAT ARE EFFECTIVE IN HELPING EVEN THE MOST CHALLENGED INDIVIDUAL, FIND AND RETAIN MEANINGFUL EMPLOYMENT WITH CAREER LADDERS. FEDCAP, INC. PROVIDES THE FOLLOWING SERVICES: 1. VOCATIONAL ASSESSMENT: OUR CAREER ESSENTIALS EVALUATION HELPS PROVIDE CLEAR EMPLOYMENT GOALS THROUGH THE IDENTIFICATION OF EMPLOYMENT PREFERENCES, INTERESTS, AND APTITUDES. 2. COMPREHENSIVE SERVICE PLAN (CSP): OUR COMPREHENSIVE SERVICE PLAN SETS FORTH THE PARTICIPANT'S STEPS TOWARD EMPLOYMENT, INCLUDING ADDRESSING ANY IDENTIFIED BARRIERS THROUGH COLLABORATIVELY-DEVELOPED, SPECIFIC, MEASURABLE, ACHIEVABLE, AND REALISTIC GOALS. 3. JOB READINESS TRAINING: OUR PROPRIETARY POWER OF POSSIBLE JOB READINESS CURRICULUM PROVIDES TOOLS AND STRATEGIES THAT CONSISTENTLY TRANSFORM OUR PARTICIPANTS' ABILITY TO OBTAIN EMPLOYMENT THROUGH WORKSHOPS INCLUDING RESUME PREPARATION, SELF-ESTEEM BUILDING, JOB SEARCH TECHNIQUES AND RESOURCES, INTERVIEWING TECHNIQUES, AND NETWORKING OPPORTUNITIES. 4. JOB DEVELOPMENT: OUR HIGHLY SKILLED STAFF ENGAGE BUSINESS AND SOURCE JOBS IN HIGH-GROWTH SECTORS, MATCHING THE IDENTIFIED STRENGTHS OF OUR PARTICIPANTS WITH EMPLOYMENT OPPORTUNITIES IN THEIR COMMUNITIES. 5. JOB RETENTION: OUR JOB IS NOT OVER WHEN A PARTICIPANT BECOMES EMPLOYED. WE CONTINUE TO PROVIDE PARTICIPANTS WITH ACCESS TO A FULL RANGE OF TRANSITIONAL SUPPORT SERVICES ONCE EMPLOYED, TO ENSURE NEW OR EXISTING BARRIERS ARE ADDRESSED, INCLUDING RAPID JOB RE-PLACEMENT IF NEEDED. OUR PROGRAMS SERVE THE FOLLOWING POPULATIONS: A. PEOPLE WITH JOB READINESS AND EMPLOYMENT NEEDS B. PEOPLE WITH CRIMINAL JUSTICE INVOLVEMENT C. PEOPLE WITH HOUSING NEEDS D. PEOPLE WITH DEVELOPMENTAL DISABILITIES E. PEOPLE WITH SUBSTANCE ABUSE DISORDERS

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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 $102,056
Program Service Revenue $30,110,682
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30,212,738

Expense Breakdown

Grants Paid $1,535,524
Salaries & Benefits $16,379,344
Fundraising Expenses $0
Program Expenses $24,194,532
Other Expenses $12,749,138
TOTAL EXPENSES $30,664,006

Year-over-Year Comparison

2023 2022 Change
Revenue $30,212,738 $39,407,444 -0.2%
Expenses $30,664,006 $33,328,578 -0.1%
Net Income $-451,268 $6,078,866 -1.1%
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
4
Independent Members
4
Employees
481
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
6
$1,820,003
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH RAISLER CHAIR 1.00
Officer Director
$0 $0 $0
MARTHA SPROULE TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL WEINSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
RON TOROK BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE MCMAHON PRESIDENT AND CEO 1.00
Officer
$0 $151,561 $891,927
CAROL KHOURY CFO 1.00
Officer
$0 $8,517 $347,921
KENNETH BREZENOFF GEN COUNSEL & VP STRAT. INIT. 1.00
Officer
$0 $18,802 $262,175
GRANT COLLINS PRESIDENT OF FEDCAP, INC. 35.00
Officer
$296,790 $21,190 $317,980
NANDI JONES-CLEMENT SR. DIRECTOR OF GLOBAL BUSINESS DEV. 40.00
Highest
$224,907 $6,943 $231,850
DENNIS SZE DIRECTOR OF FINANCIAL OPERATIONS 20.00
Highest
$174,724 $34,218 $208,942
SERENA POWELL EXECUTIVE DIRECTOR 40.00
Highest
$170,629 $15,332 $185,961
JACQUELINE KOSLOSKI SENIOR DIR. OF WORKFORCE DEV. 40.00
Highest
$160,557 $14,807 $175,364
SILVIA ESTRADA SR. DIR OF WORKFORCE RE-ENTRY 40.00
Highest
$158,659 $14,257 $172,916
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 $30,212,738 $30,664,006 $16,594,551 $-451,268
2023 $39,407,444 $33,328,578 $18,129,872 $6,078,866
2022 $25,391,082 $23,582,173 $9,225,372 $1,808,909
2021 $2,664,855 $1,973,252 $802,809 $691,603
2020 $1,518,483 $1,648,712 $91,753 $-130,229
2019 $1,486,470 $1,470,067 $186,671 $16,403
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