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Nonprofiteer
← FEDCAP REHABILITATION SERVICES INC

Form 990 for tax year 2024

Filed by FEDCAP REHABILITATION SERVICES INC.

Totals

Total revenue
$116,832,318
Total expenses
$111,703,504
Contributions and grants received
$7,781,455
Grants paid
$1,225,128
Program service revenue
$107,921,849
Investment income
$972,059
Other revenue
$156,955
Total assets, end of year
$123,218,014
Total liabilities, end of year
$81,016,829
Net assets or fund balances, end of year
$42,201,185
Program services expenses (Part IX)
$97,419,732
Management and general expenses
$13,067,150
Fundraising expenses
$1,216,622
Program service expenses (Part III)
$97,419,732

Program services were 87.2% 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.

  • 1e · Government grants (contributions)

    $6,420,961

  • 1f · All other contributions, gifts and grants

    $1,360,494

  • 1g · Noncash contributions included above

    $143,589

  • 2a · Program service revenue: CONTRACT SERVICES AND PRODUCTS

    total $98,859,644 · related or exempt $98,859,644

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

    total $9,029,500 · related or exempt $9,029,500

  • 2c · Program service revenue: CAREER DESIGN SCHOOL TUITION

    total $32,705 · related or exempt $32,705

  • 3 · Investment income

    total $969,350 · excluded $969,350

  • 6a · Gross rents

    real property $149,700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $149,700

  • 6d · Net rental income or loss

    total $149,700 · excluded $149,700

  • 7a · Gross sales of assets other than inventory

    securities $144,400

  • 7b · Less cost or other basis and sales expenses

    securities $141,691

  • 7c · Gain or loss

    securities $2,709

  • 7d · Net gain or loss

    total $2,709 · excluded $2,709

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $7,255 · excluded $7,255

  • 11e · Other revenue, total

    $7,255

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,225,128 · program services $1,225,128

  • 5 · Compensation of officers, directors and key employees

    total $340,000 · program services $340,000

  • 7 · Other salaries and wages

    total $47,145,907 · program services $46,310,841 · management and general $302,710 · fundraising $532,356

  • 8 · Pension plan contributions

    total $8,457,708 · program services $7,816,760 · management and general $604,816 · fundraising $36,132

  • 9 · Other employee benefits

    total $3,194,871 · program services $2,893,609 · management and general $228,467 · fundraising $72,795

  • 10 · Payroll taxes

    total $7,848,201 · program services $7,740,251 · management and general $85,479 · fundraising $22,471

  • 11a · Fees: management

    total $2,852,426 · program services $2,852,426

  • 11b · Fees: legal

    total $149,671 · program services $149,671

  • 11c · Fees: accounting

    total $902,019 · program services $902,019

  • 11g · Fees: other

    total $1,545,298 · program services $1,175,872 · management and general $1,367 · fundraising $368,059

  • 12 · Advertising and promotion

    total $75,000 · program services $11,585 · management and general $50,493 · fundraising $12,922

  • 13 · Office expenses

    total $6,077,923 · program services $6,048,892 · management and general $22,168 · fundraising $6,863

  • 14 · Information technology

    total $596,950 · program services $594,717 · management and general $2,233

  • 16 · Occupancy

    total $1,497,127 · program services $1,497,127

  • 17 · Travel

    total $477,673 · program services $371,861 · management and general $35,080 · fundraising $70,732

  • 19 · Conferences, conventions and meetings

    total $21,871 · program services $21,588 · management and general $283

  • 20 · Interest

    total $1,991,956 · program services $38,571 · management and general $1,953,385

  • 22 · Depreciation, depletion and amortization

    total $2,721,523 · program services $454,269 · management and general $2,267,254

  • 23 · Insurance

    total $1,468,550 · program services $1,443,282 · management and general $10,727 · fundraising $14,541

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $7,518,341 · program services $7,518,341

  • 24b · Other expenses: REIMBURSED EXPENSES

    total $7,419,333 · management and general $7,419,333

  • 24c · Other expenses: SUBCONTRACTOR EXPENSES

    total $5,542,320 · program services $5,542,140 · management and general $180

  • 24d · Other expenses: SECURITY EXPENSES

    total $24,899 · program services $24,899

  • 24e · All other expenses

    total $2,608,809 · program services $2,445,883 · management and general $83,175 · fundraising $79,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $753,639

  • 2 · Savings and temporary cash investments

    beginning of year $21,751 · end of year $105,922

  • 3 · Pledges and grants receivable

    beginning of year $269,632 · end of year $309,625

  • 4 · Accounts receivable

    beginning of year $14,855,508 · end of year $15,894,340

  • 8 · Inventories for sale or use

    beginning of year $147,587 · end of year $403,717

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,509,820 · end of year $118,249

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

    $50,144,271

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

    $23,208,501

  • 10c · Land, buildings and equipment, net

    beginning of year $28,780,283 · end of year $26,935,770

  • 11 · Investments: publicly traded securities

    beginning of year $10,871,979 · end of year $13,495,257

  • 15 · Other assets

    beginning of year $71,955,864 · end of year $65,201,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,114,841 · end of year $18,670,903

  • 19 · Deferred revenue

    beginning of year $415,000 · end of year $1,158,593

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,605,000 · end of year $12,950,000

  • 23 · Secured mortgages and notes payable

    beginning of year $5,135,495 · end of year $5,086,596

  • 25 · Other liabilities

    beginning of year $44,069,717 · end of year $43,150,737

  • 27 · Net assets without donor restrictions

    beginning of year $37,072,371 · end of year $42,201,185

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

OUR MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING.

  • SEE SCHEDULE O

    Expenses $88,978,807 · Grants $342,849 · Revenue $98,859,644

  • SEE SCHEDULE O

    Expenses $7,449,382 · Grants $862,340 · Revenue $7,998,692

  • SEE SCHEDULE O

    Expenses $765,822 · Revenue $496,923

  • WORKFORCE DEVELOPMENT THE WORKFORCE DEVELOPMENT PRACTICE AREA WORKS IN CLOSE PARTNERSHIP WITH BUSINESS TO CREATE CUSTOMIZED, EMPLOYER-BASED TRAINING DESIGNED TO DEVELOP THE SKILLS AND CHARACTERISTICS EMPLOYERS REQUIRE. THE FEDCAP GROUP'S WORKFORCE DEVELOPMENT PROVIDES HARD SKILLS TRAINING EITHER DIRECTLY BY HIRING ITS OWN SKILLS-BASED TRAINING PROVIDERS OR INDIRECTLY, BY ORGANIZING LOCAL PROVIDERS -INCLUDING COMMUNITY COLLEGES - TO CREATE MODULAR INDUSTRY-RECOGNIZED CREDENTIALS. THROUGH THIS EMPLOYER-BASED TRAINING, DIAGNOSTIC VOCATIONAL EVALUATIONS, WORK READINESS PREPARATION, RAPID JOB PLACEMENT AND POST-PLACEMENT SUPPORTS, THE FEDCAP GROUP'S WORKFORCE DEVELOPMENT TEAM EFFECTIVELY BUILDS RELATIONSHIPS AND PARTNERSHIPS THAT ALIGN EMPLOYERS' NEEDS WITH THE NEEDS OF WORKERS SEEKING OPPORTUNITIES.

    Expenses $222,744 · Grants $19,939 · Revenue $392,948

  • THE FEDCAP GROUP PROVIDES COMMUNITY-BASED SERVICES THAT HELP INDIVIDUALS AND FAMILIES OVERCOME BARRIERS TO ECONOMIC SELF-SUFFICIENCY AND IMPROVED QUALITY OF LIFE. THROUGH A NETWORK OF AFFILIATED ORGANIZATIONS, THE ORGANIZATION DELIVERS CASE MANAGEMENT, SUPPORTIVE SERVICES, HEALTH AND WELLNESS PROGRAMS, YOUTH AND FAMILY SERVICES, EMPLOYMENT SUPPORTS, AND OTHER COMMUNITY-BASED INTERVENTIONS DESIGNED TO PROMOTE INDEPENDENCE, STABILITY, AND COMMUNITY INCLUSION. THESE PROGRAMS SERVE INDIVIDUALS FACING CHALLENGES RELATED TO DISABILITY, UNEMPLOYMENT, POVERTY, BEHAVIORAL HEALTH CONDITIONS, AND OTHER BARRIERS TO OPPORTUNITY, HELPING THEM ACCESS RESOURCES AND ACHIEVE LONG-TERM ECONOMIC WELL-BEING

    Expenses $2,977 · Revenue $173,642

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laurence Ach

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Peter Panken

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Settergren

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Janice Oursler PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Aschkenasy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Malvina Kay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Milton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine McMahon

    PRESIDENT & CEO, FEDCAP GROUP

    Total calculated
    $894,189
    From this org
    $0
    From related orgs
    $742,054
    Other
    $152,135
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $742,054 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $140,350 related
    Nontaxable benefits
    $0 + $11,785 related
    Filer's total
    $0 + $894,189 related

  • Steven Coons

    PRESIDENT, FEDCAP REHAB

    Total calculated
    $373,520
    From this org
    $340,762
    From related orgs
    $0
    Other
    $32,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,762
    Bonus
    $0
    Other
    $0
    Deferred
    $30,611
    Nontaxable benefits
    $2,147
    Filer's total
    $373,520

  • Carol Khoury

    CFO

    Total calculated
    $405,031
    From this org
    $0
    From related orgs
    $373,709
    Other
    $31,322
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,709 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,875 related
    Nontaxable benefits
    $0 + $2,447 related
    Filer's total
    $0 + $405,031 related

  • Kenneth Brezenoff

    GEN. COUNSEL & VP STRAT. INIT.

    Total calculated
    $259,975
    From this org
    $0
    From related orgs
    $241,290
    Other
    $18,685
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,290 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,500 related
    Nontaxable benefits
    $0 + $11,185 related
    Filer's total
    $0 + $259,975 related

  • Jerry Ferdinand

    ASSISTANT CHIEF ENGINEER

    Total calculated
    $218,180
    From this org
    $217,932
    From related orgs
    $0
    Other
    $248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,932
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $248
    Filer's total
    $218,180

  • Krzysztof Bodziuch

    CHIEF ENGINEER

    Total calculated
    $226,573
    From this org
    $226,259
    From related orgs
    $0
    Other
    $314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,259
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $314
    Filer's total
    $226,573

  • Daniel Kazalski

    ENGINEER

    Total calculated
    $218,060
    From this org
    $217,812
    From related orgs
    $0
    Other
    $248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,812
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $248
    Filer's total
    $218,060

  • Wilson Nieves

    ASSISTANT CHIEF ENGINEER

    Total calculated
    $208,739
    From this org
    $208,491
    From related orgs
    $0
    Other
    $248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,491
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $248
    Filer's total
    $208,739

  • Joseph Guzzi

    ENGINEER

    Total calculated
    $208,597
    From this org
    $208,349
    From related orgs
    $0
    Other
    $248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,349
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $248
    Filer's total
    $208,597

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

  • 1a · Tax indemnification and gross-up payments
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
PRESIDENT, STEVEN COONS, RECEIVED A TAX GROSS-UP PAYMENT IN CALENDAR YEAR 2024; THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 4B
LINE 4B PRESIDENT/CEO, CHRISTINE MCMAHON AND PRESIDENT, STEVEN COONS PARTICIPATE IN FEDCAP'S SUPPLEMENTAL NONQUALIFIED SECTION 457(F) RETIREMENT PLAN. THE EMPLOYER CONTRIBUTION TO THE SECTION 457(F) PLAN IN CALENDAR YEAR 2024 WAS $130,000 AND $22,080 RESPECTIVELY; 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FEDCAP APEX ACQUISITION LLC

    EDUCATION · NY

    Directly controlled by FEDCAP GROUP

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

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GIVIDUAL SOLUTIONS INC

    C · ADVISEMENT&DE · IL · 100% owned · controlled entity

    Directly controlled by BENEVOLENT NF

  • KENNEDY SCOTT LIMITED

    C · JOB PLACEMENT · UK · 100% owned

    Directly controlled by FEDCAP UK

  • START SCOTLAND LIMITED

    C · JOB PLACEMENT · UK · 100% owned

    Directly controlled by FEDCAP GROUP

  • XEPA ADVERTISING CO INC

    S · ADVERTISING · NY · 100% owned

    Directly controlled by FEDCAP GROUP

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202622269349302947

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