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. As of 09/2023, Fedcap Group Inc employed 108 individuals. 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.
For the year ending 09/2023, Fedcap Group Inc generated $24.7m in total revenue. All expenses for the organization totaled $24.2m during the year ending 09/2023. While expenses have increased by 125.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2023
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 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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark O'donoghue Chair | OfficerTrustee | 1 | $0 |
Lynn Morgen Treasurer | OfficerTrustee | 1 | $0 |
Peter Samuels Board Member | Trustee | 1 | $0 |
David Landau Board Member | Trustee | 1 | $0 |
Mark Cooper Board Member | Trustee | 1 | $0 |
Kristie Juster Board Member (as Of 06/2023) | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $715,390 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $560,299 |
Noncash contributions included in lines 1a–1f | $45,259 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,275,689 |
Total Program Service Revenue | $23,736,783 |
Investment income | $1,690 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$402,264 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,697,027 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $234,862 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,049,492 |
Compensation of current officers, directors, key employees. | $2,049,492 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,137,798 |
Pension plan accruals and contributions | $624,684 |
Other employee benefits | $1,253,825 |
Payroll taxes | $210,861 |
Fees for services: Management | $0 |
Fees for services: Legal | $711,903 |
Fees for services: Accounting | $205,496 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,025,667 |
Advertising and promotion | $463,310 |
Office expenses | $486,282 |
Information technology | $3,004,365 |
Royalties | $0 |
Occupancy | $32,726 |
Travel | $356,318 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $26,284 |
Interest | $1,419,287 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $210,587 |
Insurance | $977,841 |
All other expenses | $1,316,160 |
Total functional expenses | $24,231,270 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $860,667 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $86,985 |
Accounts receivable, net | $0 |
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 | $2,860 |
Net Land, buildings, and equipment | $301,743 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $25,877,241 |
Total assets | $27,129,496 |
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 | $29,312,466 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,755,993 |
Total liabilities | $35,068,459 |
Net assets without donor restrictions | -$7,938,963 |
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 | $27,129,496 |
Organization Name | Assets | Revenue |
---|---|---|
The Fedcap Group Inc New York, NY | $27,129,496 | $24,697,027 |
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