Fedcap Rehabilitation Services Inc
- Assets
- $145.4m
- Revenue
- $151.1m
- Investments
- $0.0
- Employees
- 1,734
- Location
- New York, NY
- Founding
- 08/1939
- Data as of
- 09/2021
- EIN
- 13-5645879
Organization Overview
Fedcap Rehabilitation Services Inc is located in New York, NY. The organization was established in 1939. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 09/2021, Fedcap Rehabilitation Services Inc employed 1,734 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fedcap Rehabilitation Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Fedcap Rehabilitation Services Inc generated $151.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $152.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Mcmahon President & Ceo, Fedcap Group | Officer | 40 | $461,074 |
Steven Coons President, Fedcap Rehab | Officer | 40 | $252,796 |
Grant Collins VP Workforce Development | 5 | $241,553 | |
Carol Khoury CFO | Officer | 1 | $194,052 |
Kenneth Brezenoff Gen. Counsel & VP Strat. Init. | Officer | 40 | $190,323 |
Marcia Salovitz Executive Director - Weacare | 40 | $184,837 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exemplar Human Services Llc Online Training Svcs | 9/29/21 | $709,400 |
Ab Facility Services Llc Ops. & Maint. Svcs | 9/29/21 | $4,025,766 |
Jobspring Partners Temp Agency Svcs. | 9/29/21 | $659,370 |
L3p Associates Llc Strategic Consultant | 9/29/21 | $257,004 |
Grant Thornton Llp Audit, Tax & Consulting Svcs. | 9/29/21 | $497,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,090,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,904 |
| Total Program Service Revenue | $130,846,332 |
| Investment income | $187,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $325,383 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,071,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $435,666 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,166,250 |
| Compensation of current officers, directors, key employees. | $916,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,965,304 |
| Pension plan accruals and contributions | $10,135,855 |
| Other employee benefits | $11,191,977 |
| Payroll taxes | $3,101,464 |
| Fees for services: Management | $2,668,242 |
| Fees for services: Legal | $378,209 |
| Fees for services: Accounting | $528,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,419,454 |
| Advertising and promotion | $101,372 |
| Office expenses | $5,989,998 |
| Information technology | $3,690,583 |
| Royalties | $0 |
| Occupancy | $9,345,858 |
| Travel | $400,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,923 |
| Interest | $3,540,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,221,926 |
| Insurance | $1,682,175 |
| All other expenses | $7,664,368 |
| Total functional expenses | $152,406,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,354,979 |
| Savings and temporary cash investments | $1,761,843 |
| Pledges and grants receivable | $269,632 |
| Accounts receivable, net | $25,619,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $414,709 |
| Prepaid expenses and deferred charges | $2,290,667 |
| Net Land, buildings, and equipment | $63,376,253 |
| Investments—publicly traded securities | $10,069,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,228,359 |
| Total assets | $145,385,414 |
| Accounts payable and accrued expenses | $26,407,549 |
| Grants payable | $0 |
| Deferred revenue | $1,255,374 |
| Tax-exempt bond liabilities | $15,420,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $33,203,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,349,479 |
| Total liabilities | $114,635,504 |
| Net assets without donor restrictions | $30,446,448 |
| Net assets with donor restrictions | $303,462 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $145,385,414 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fedcap Rehabilitation Services Inc has recieved totaling $98,950.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $44,271 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,665 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $18,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fedcap Rehabilitation Services Inc New York, NY | $145,385,414 | $151,071,826 |
Uniquesource Products & Services Mechanicsburg, PA | $25,982,723 | $96,540,868 |
People Incorporated Fall River, MA | $28,974,266 | $45,288,880 |
Occupational Training Center Of Burlington County Inc Burlington, NJ | $81,988,246 | $45,091,698 |
Abilities First Inc Wappingers Falls, NY | $21,286,855 | $36,146,519 |
Human Technologies Corporation Utica, NY | $23,670,798 | $21,526,273 |
J M Murray Center Inc Cortland, NY | $15,884,955 | $15,927,210 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
People Inc Williamsville, NY | $7,369,962 | $11,056,256 |
Oswego Industries Inc Fulton, NY | $4,770,694 | $6,301,381 |
Ari Of Connecticut Inc Stamford, CT | $4,205,582 | $6,510,135 |
Abilities Of Northwest Jersey Inc Washington, NJ | $8,171,215 | $5,444,167 |