Fedcap Investment Corporation
- Assets
- $3.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 09/2023
- EIN
- 86-2507866
Organization Overview
Fedcap Investment Corporation is located in New York, NY. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fedcap Investment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FEDCAP INVESTMENT CORP SPECIALIZES IN RAISING MONEY TO BE USED FOR HOME OWNERSHIP, LENDING FOR LOW-COST EQUITY INVESTMENTS, TECHNICAL ASSISTANCE, SMALL BUSINESS LOANS, AND PROJECT-BASED INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Mcmahon President & CEO Of Fedcap | 1 | $0 | |
Carol Khoury Trustee/cfo Of Fedcap | 1 | $0 | |
Kenneth Brezenoff Trustee/gen. Coun. & VP Strat. | 1 | $0 | |
Lyell Ritchie Trustee (thru 7/2023) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,248 |
| Professional fees and other payments to independent contractors | $29,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,752 |
| Total expenses | $125,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $3,500 |
| Total liabilities | $3,500 |
| Net assets or fund balances | $0 |