Skip to content
Nonprofiteer
← FEDCAP INC

Form 990 for tax year 2023

Filed by FEDCAP INC.

Totals

Total revenue
$30,212,738
Total expenses
$30,664,006
Contributions and grants received
$102,056
Grants paid
$1,535,524
Program services expenses (Part IX)
$24,194,532
Management and general expenses
$6,469,474
Fundraising expenses
$0
Program service expenses (Part III)
$24,194,532

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KENNETH RAISLER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARTHA SPROULE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL WEINSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RON TOROK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE MCMAHON

    PRESIDENT AND CEO

    Total calculated
    $891,927
    From this org
    $0
    From related orgs
    $740,366
    Other
    $151,561
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $740,366 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $139,900 related
    Nontaxable benefits
    $0 + $11,661 related
    Filer's total
    $0 + $891,927 related

  • CAROL KHOURY

    CFO

    Total calculated
    $347,921
    From this org
    $0
    From related orgs
    $339,404
    Other
    $8,517
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,404 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,081 related
    Nontaxable benefits
    $0 + $2,436 related
    Filer's total
    $0 + $347,921 related

  • KENNETH BREZENOFF

    GEN COUNSEL & VP STRAT. INIT.

    Total calculated
    $262,175
    From this org
    $0
    From related orgs
    $243,373
    Other
    $18,802
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,373 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,500 related
    Nontaxable benefits
    $0 + $11,302 related
    Filer's total
    $0 + $262,175 related

  • GRANT COLLINS

    PRESIDENT OF FEDCAP, INC.

    Total calculated
    $317,980
    From this org
    $296,790
    From related orgs
    $0
    Other
    $21,190
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $296,790
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $12,190
    Filer's total
    $317,980

  • NANDI JONES-CLEMENT

    SR. DIRECTOR OF GLOBAL BUSINESS DEV.

    Total calculated
    $231,850
    From this org
    $224,907
    From related orgs
    $0
    Other
    $6,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,907
    Bonus
    $0
    Other
    $0
    Deferred
    $5,971
    Nontaxable benefits
    $972
    Filer's total
    $231,850

  • DENNIS SZE

    DIRECTOR OF FINANCIAL OPERATIONS

    Total calculated
    $208,942
    From this org
    $174,724
    From related orgs
    $0
    Other
    $34,218
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $174,724
    Bonus
    $0
    Other
    $0
    Deferred
    $5,472
    Nontaxable benefits
    $28,746
    Filer's total
    $208,942

  • SERENA POWELL

    EXECUTIVE DIRECTOR

    Total calculated
    $185,961
    From this org
    $170,629
    From related orgs
    $0
    Other
    $15,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,629
    Bonus
    $0
    Other
    $0
    Deferred
    $5,310
    Nontaxable benefits
    $10,022
    Filer's total
    $185,961

  • JACQUELINE KOSLOSKI

    SENIOR DIR. OF WORKFORCE DEV.

    Total calculated
    $175,364
    From this org
    $160,557
    From related orgs
    $0
    Other
    $14,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,557
    Bonus
    $0
    Other
    $0
    Deferred
    $4,702
    Nontaxable benefits
    $10,105
    Filer's total
    $175,364

  • SILVIA ESTRADA

    SR. DIR OF WORKFORCE RE-ENTRY

    Total calculated
    $172,916
    From this org
    $158,659
    From related orgs
    $0
    Other
    $14,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,659
    Bonus
    $0
    Other
    $0
    Deferred
    $3,294
    Nontaxable benefits
    $10,963
    Filer's total
    $172,916

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202502269349302795

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.