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Nonprofiteer
← THE FEDCAP GROUP INC

Form 990 for tax year 2022

Filed by THE FEDCAP GROUP INC.

Totals

Total revenue
$24,697,027
Total expenses
$24,231,270
Contributions and grants received
$1,275,689
Grants paid
$234,862
Program service revenue
$23,736,783
Investment income
$1,690
Other revenue
-$317,135
Total assets, end of year
$27,129,496
Total liabilities, end of year
$35,068,459
Net assets or fund balances, end of year
-$7,938,963
Program services expenses (Part IX)
$606,481
Management and general expenses
$22,304,113
Fundraising expenses
$1,320,676
Program service expenses (Part III)
$606,481

Program services were 2.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $715,390

  • 1f · All other contributions, gifts and grants

    $560,299

  • 1g · Noncash contributions included above

    $45,259

  • 2a · Program service revenue: ADMIN. SVCS TO EXEMPT SUB.

    total $23,624,789 · related or exempt $23,624,789

  • 2b · Program service revenue: REHAB AND VOCATIONAL PROGRAMS

    total $111,994 · related or exempt $111,994

  • 3 · Investment income

    total $1,690 · excluded $1,690

  • 8a · Fundraising events: gross income

    $25,000

  • 8a · Fundraising events: contributions included on line 1c

    $715,390

  • 8b · Fundraising events: direct expenses

    $427,264

  • 8c · Net income from fundraising events

    total -$402,264 · excluded -$402,264

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $85,129 · excluded $85,129

  • 11e · Other revenue, total

    $85,129

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $234,862 · program services $234,862

  • 5 · Compensation of officers, directors and key employees

    total $2,049,492 · management and general $2,049,492

  • 7 · Other salaries and wages

    total $7,137,798 · management and general $6,820,842 · fundraising $316,956

  • 8 · Pension plan contributions

    total $624,684 · management and general $603,131 · fundraising $21,553

  • 9 · Other employee benefits

    total $1,253,825 · management and general $1,210,401 · fundraising $43,424

  • 10 · Payroll taxes

    total $210,861 · management and general $168,072 · fundraising $42,789

  • 11b · Fees: legal

    total $711,903 · program services $329,461 · management and general $382,442

  • 11c · Fees: accounting

    total $205,496 · management and general $205,496

  • 11g · Fees: other

    total $2,025,667 · management and general $1,792,112 · fundraising $233,555

  • 12 · Advertising and promotion

    total $463,310 · program services $5,035 · management and general $5,275 · fundraising $453,000

  • 13 · Office expenses

    total $486,282 · management and general $463,991 · fundraising $22,291

  • 14 · Information technology

    total $3,004,365 · program services $21,759 · management and general $2,959,981 · fundraising $22,625

  • 16 · Occupancy

    total $32,726 · fundraising $32,726

  • 17 · Travel

    total $356,318 · program services $15,364 · management and general $260,588 · fundraising $80,366

  • 19 · Conferences, conventions and meetings

    total $26,284 · management and general $26,284

  • 20 · Interest

    total $1,419,287 · management and general $1,419,287

  • 22 · Depreciation, depletion and amortization

    total $210,587 · management and general $210,587

  • 23 · Insurance

    total $977,841 · management and general $969,306 · fundraising $8,535

  • 24a · Other expenses: SUBCONTRACTOR EXPENSE

    total $902,046 · management and general $902,046

  • 24b · Other expenses: PROF. DEVELOPMENT

    total $330,776 · management and general $330,776

  • 24c · Other expenses: BANK FEES

    total $138,200 · management and general $138,200

  • 24d · Other expenses: MEMBERSHIP DUES

    total $112,500 · management and general $112,500

  • 24e · All other expenses

    total $1,316,160 · management and general $1,273,304 · fundraising $42,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $860,667

  • 3 · Pledges and grants receivable

    beginning of year $85,856 · end of year $86,985

  • 4 · Accounts receivable

    beginning of year $12,718

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,126 · end of year $2,860

  • 10a · Land, buildings and equipment: cost or other basis

    $354,546

  • 10b · Land, buildings and equipment: accumulated depreciation

    $52,803

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $301,743

  • 15 · Other assets

    beginning of year $0 · end of year $25,877,241

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,064,230

  • 19 · Deferred revenue

    beginning of year $53,116

  • 23 · Secured mortgages and notes payable

    end of year $29,312,466

  • 25 · Other liabilities

    beginning of year $6,445,457 · end of year $5,755,993

  • 27 · Net assets without donor restrictions

    beginning of year -$8,371,103 · end of year -$7,938,963

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

WE ARE COMMITTED TO IMPROVING THE LIVES OF PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING.

  • SEE SCHEDULE OSERVING 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.

    Expenses $606,481 · Grants $234,862 · Revenue $111,994

  • SEE SCHEDULE OTHE FEDCAP GROUP COMPRISES A GROWING NUMBER OF TOP-TIER NONPROFIT AGENCIES DEDICATED TO ADVANCING THE ECONOMIC WELL BEING OF PEOPLE WITH BARRIERS. THE FEDCAP GROUP OFFERS A GROWTH PLATFORM FOR AGENCIES TO COLLECTIVELY SHOWCASE THE POWER OF POSSIBLE. CONTINUALLY INNOVATING IN THE AREAS OF EDUCATION, WORKFORCE DEVELOPMENT, HEALTH AND ECONOMIC DEVELOPMENT, THE FEDCAP GROUP PROVIDES SOLUTIONS THAT BREAK DOWN BARRIERS TO SOCIETAL INCLUSION AND FINANCIAL WELL-BEING FOR HUNDREDS OF THOUSANDS OF CHILDREN AND ADULTS EACH YEAR.TO FACILITATE THE OPERATIONS OF THESE DOZENS OF NON-PROFIT AGENCIES IN A COORDINATED, EFFICIENT AND COST-EFFECTIVE MANNER, THE FEDCAP GROUP PROVIDES CORPORATE SERVICES SUCH AS FINANCE, HUMAN RESOURCES, PAYROLL, LEGAL AND INFORMATION TECHNOLOGY SERVICES AT COST. EACH SUBSIDIARY REIMBURSES THE FEDCAP GROUP FOR ITS SHARE OF THESE ADMINISTRATIVE COSTS. FOR 990 PURPOSES, THE REVENUE AND EXPENSES NET-OUT TO ZERO ON THE FEDCAP GROUP FORM 990, BUT THE REVENUE IS BEING REPORTED AS PROGRAM SERVICE REVENUE, WHILE THE EXPENSES ARE BEING RECORDED AS AN ADMINISTRATIVE/MANAGEMENT) OR FUNDRAISING/DEVELOPMENT EXPENSE IN PART IX.

    Revenue $23,624,789

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark O'Donoghue

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Morgen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peter Samuels

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Landau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Cooper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristie Juster

    BOARD MEMBER (AS OF 06/2023)

    Total calculated
    $0
    Hours/week
    1

  • Christine McMahon

    PRESIDENT & CEO OF FEDCAP

    Total calculated
    $852,043
    From this org
    $655,045
    From related orgs
    $45,546
    Other
    $151,452
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $655,045 + $45,546 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $140,535 related
    Nontaxable benefits
    $0 + $10,917 related
    Filer's total
    $655,045 + $196,998 related

  • Carol Khoury

    CFO OF FEDCAP

    Total calculated
    $334,066
    From this org
    $300,314
    From related orgs
    $25,026
    Other
    $8,726
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $300,314 + $25,026 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,375 related
    Nontaxable benefits
    $0 + $2,351 related
    Filer's total
    $300,314 + $33,752 related

  • Kenneth Brezenoff

    GEN. COUNSEL & VP STRAT. INIT.

    Total calculated
    $260,668
    From this org
    $225,442
    From related orgs
    $16,969
    Other
    $18,257
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $225,442 + $16,969 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,442 related
    Nontaxable benefits
    $0 + $10,815 related
    Filer's total
    $225,442 + $35,226 related

  • Tammy Mickelson

    CHIEF INFORMATION OFFICER

    Total calculated
    $265,269
    From this org
    $228,567
    From related orgs
    $19,047
    Other
    $17,655
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $228,567 + $19,047 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,500 related
    Nontaxable benefits
    $0 + $10,155 related
    Filer's total
    $228,567 + $36,702 related

  • Grant Collins

    SVP WORKFORCE DEVELOPMENT

    Total calculated
    $303,930
    From this org
    $0
    From related orgs
    $283,270
    Other
    $20,660
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,270 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,000 related
    Nontaxable benefits
    $0 + $11,660 related
    Filer's total
    $0 + $303,930 related

  • Steven Coons

    PRESIDENT, FEDCAP REHABILITATION

    Total calculated
    $310,053
    From this org
    $0
    From related orgs
    $300,396
    Other
    $9,657
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,615 related
    Nontaxable benefits
    $0 + $2,042 related
    Filer's total
    $0 + $310,053 related

  • Jim Malatras

    CHIEF STRATEGY OFF. (AS OF 03/2023)

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Lyell Ritchie

    SVP, BUSINESS DEVELOPMENT

    Total calculated
    $193,515
    From this org
    $157,458
    From related orgs
    $13,121
    Other
    $22,936
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $157,458 + $13,121 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,550 related
    Nontaxable benefits
    $0 + $17,386 related
    Filer's total
    $157,458 + $36,057 related

  • Donna Quinn

    VP HR BENEFITS

    Total calculated
    $187,385
    From this org
    $159,509
    From related orgs
    $13,313
    Other
    $14,563
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $159,509 + $13,313 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,563
    Filer's total
    $174,072 + $13,313 related

  • George Bayiokos

    CONTROLLER

    Total calculated
    $195,317
    From this org
    $153,540
    From related orgs
    $12,795
    Other
    $28,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,540 + $12,795 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,700 related
    Nontaxable benefits
    $0 + $23,282 related
    Filer's total
    $153,540 + $41,777 related

  • Gilbert Ricotta

    VP REVENUE CYCLE

    Total calculated
    $196,816
    From this org
    $173,616
    From related orgs
    $14,635
    Other
    $8,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,616 + $14,635 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,565 related
    Filer's total
    $173,616 + $23,200 related

  • Richard Matist

    VP IT OPERATIONS

    Total calculated
    $199,334
    From this org
    $164,033
    From related orgs
    $12,900
    Other
    $22,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,033 + $12,900 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,529 related
    Nontaxable benefits
    $0 + $16,872 related
    Filer's total
    $164,033 + $35,301 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, 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 2022 WAS $130,000; THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C.
PART 1, LINE 3:
FOR THE FIRST TWO MONTHS OF CALENDAR YEAR 2022, SEVERAL OF THE OFFICERS AND HIGHEST COMPENSATED EMPLOYEES RECEIVED THEIR COMPENSATION FROM A RELATED ORGANIZATION, FEDCAP REHABILITATION SERVICES, INC. THE FEDCAP GROUP, INC. INSTITUTED ITS OWN PAYROLL IN MARCH OF 2022 AT WHICH TIME THESE INDIVIDUALS TRANSITIONED TO THE FEDCAP GROUP, INC. PAYROLL. IN THIS TRANSITION YEAR, THESE INDIVIDUALS ARE REPORTING COMPENSATION FROM TWO DIFFERENT ORGANIZATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FEDCAP VR LLC

    WORKFORCE DEV · NY · 100% owned

    Directly controlled by FEDCAP GROUP INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202412289349300631

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