The Fedcap Group Inc
- Assets
- $301.7k
- Revenue
- $364.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2019
- Data as of
- 09/2021
- EIN
- 83-0765672
Organization Overview
The Fedcap Group Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fedcap Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE COMMITTED TO IMPROVING THE LIVES OF PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OSERVING OVER 250,000+ 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark O'donoghue Chair | OfficerTrustee | 1 | $0 |
Lynn Morgen Treasurer | OfficerTrustee | 1 | $0 |
Christine Mcmahon President & CEO Of Fedcap | Officer | 1 | $0 |
Carol Khoury CFO Of Fedcap | Officer | 1 | $0 |
Kenneth Brezenoff Gen. Counsel & VP Strat. Init. | Officer | 1 | $0 |
Tammy Mickelson Chief Information Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,920 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,558 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$61,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $323 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,116,214 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,171 |
| Total functional expenses | $2,119,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,901 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,925 |
| Total assets | $301,676 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,116,214 |
| Total liabilities | $2,116,214 |
| Net assets without donor restrictions | -$1,814,538 |
| Net assets with donor restrictions | $0 |
| 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 | $301,676 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Fedcap Group Inc has recieved totaling $45,700.
| Awarding Organization | Amount |
|---|---|
Cooper Family Foundation Inc Woodbury, NY PURPOSE: PROGRAM SUPPORT | $25,000 |
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $20,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pearl Transit Alloway, NJ | $11,383,163 | $5,031,730 |
The Fedcap Group Inc New York, NY | $301,676 | $364,913 |
Sheet Metal Workers Labor Management Committee And Trust Brewster, NY | $2,488,384 | $1,268,354 |
Covation Center Inc Trout Run, PA | $36,666 | $237,407 |
Communication Workers Of America New York, NY | $166,111 | $278,573 |
Capital Network Of New England Inc Arlington, MA | $182,061 | $0 |
Brothers Building A Better Nation Newark, NJ | $9,144 | $0 |
Laborers Local 754 Labor-Management Committee Chestnut Ridge, NY | $54,490 | $0 |
Nawbo Philadelphia Center For Advancing Entrepreneurs Fort Washington, PA | $0 | $0 |