2025-08-14T16:46:59-05:00 2024-09-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2023-10-01 932034826 FEDCAP NYC INC FEDC 2127274219 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 CAROL KHOURY CFO 2127274219 2025-08-14 1 0 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z X CHRISTINE MCMAHON 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 8434024 0 X X 2023 NY TO PROVIDE WORKFORCE DEVELOPMENT OPPORTUNITIES FOR PEOPLE WHO FACE BARRIERS TO ECONOMIC WELL-BEING. 3 0 0 0 0 0 0 8434024 0 0 8434024 214210 0 4417561 0 0 3396670 8028441 405583 6497958 6092375 405583 X SEE SCHEDULE O 0 0 6601689 214210 8434024 FEDCAP NYC PROVIDES A FULL RANGE OF WORKFORCE DEVELOPMENT SERVICES FROM EVALUATION AND CAREER COUNSELING THROUGH VOCATIONAL AND SOFT-SKILLS TRAINING TO JOB PLACEMENT AND POST-EMPLOYMENT SUPPORT. THESE PROGRAMS ARE FUNDED THROUGH VARIOUS COMPETITIVE-BID CONTRACTS AWARDED BY STATE AND LOCAL GOVERNMENT AGENCIES THAT ARE TARGETED TO ASSIST LOW-INCOME INDIVIDUALS WHO QUALIFY FOR PUBLIC ASSISTANCE. SOME OF THESE PROGRAMS ARE ALSO FUNDED BY PRIVATE SECTOR COMPANY CONTRACTS AWARDED THROUGH A COMPETITIVE BID PROCESS. THESE CONTRACTS ALSO ALSO ALLOW FEDCAP TO FILL JOB OPENINGS AND MEET OUTSOURCING NEEDS FOR COMPANIES WITH FEDCAP PROGRAM GRADUATES, THEREBY FULFILLING ITS MISSION TO HELP THOSE FACING BARRIERS ACHIEVE ECONOMIC INDEPENDENCE AND WELL-BEING. 6601689 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X CAROL KHOURY CFO 2127274200 633 3RD AVENUE 6TH FLOOR NEW YORK NY 10017 CAROL KHOURY CFO OF FEDCAP 1.00 40.00 X X 0 339404 8517 KENNETH S BREZENOFF GEN COUNSEL & VP STRAT. INIT. 1.00 40.00 X X 0 243373 18802 GRANT COLLINS SECRETARY 40.00 0.00 X X 0 296790 21190 CHRISTINE MCMAHON PRESIDENT & CEO OF FEDCAP 1.00 40.00 X 0 740366 151561 0 1619933 200070 0 0 1 0 0 REHAB & VOCATIONAL SERVICES 624310 8434024 8434024 8434024 8434024 8434024 0 0 X 214210 214210 3227360 2924414 302946 289056 261923 27133 577665 523441 54224 323480 293115 30365 61552 61552 2255 2255 132526 132526 156104 156104 1565724 1565724 33396 33396 1736 1736 96896 96896 REIMBURSED EXP (FEDCAP) 1012084 1012084 SECURITY EXPENSES 167542 167542 SOFTWARE LICENSING 135105 135105 31750 31750 8028441 6601689 1426752 0 0 77700 0 6420258 0 6497958 0 520189 0 0 0 5572186 0 6092375 X 405583 0 405583 0 6497958 405583 0 X 0 1 X 1 1 1 X 8434024 8434024 8434024 8434024 0 0 0 8434024 8434024 8434024 X 0 INTERCOMPANY PAYABLE 3618289 ADVANCES FROM GOVERNMENT AGENCIES 1953897 5572186 X PART X, LINE 2: FIN 48 FEDCAP NYC, INC. DOES NOT RECEIVE ITS OWN STANDALONE AUDITED FINANCIAL STATEMENTS; ITS OPERATIONS ARE INCLUDED WITHIN THE FINANCIAL STATEMENTS OF ITS PARENT ORGANIZATION: FEDCAP GROUP, INC. THE FIN-48 FOOTNOTE REPRODUCED BELOW IS FROM THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. FEDCAP AND ITS RELATED ENTITIES FOLLOW GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. FEDCAP AND ITS RELATED ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR RESPECTIVE EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THESE ORGANIZATIONS HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE THEIR FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. FEDCAP AND ITS RELATED ENTITIES HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 NEEDS ASSISTANCE 6605 214210 FMV PART III: THE FEDCAP GROUP IS COMMITTED TO EFFECTING LONG-TERM, SUSTAINABLE CHANGE AMONG THE POPULATIONS AND COMMUNITIES WE SERVE. FEDCAP NYC, INC. IS AN INSTRUMENTAL PART OF EFFECTING THAT CHANGE. ITS PROGRAMS AND OPERATIONS BRING EDUCATION AND THE POWER OF WORK TO INDIVIDUALS WITH DISABILITIES, ADULTS WITH CONVICTION HISTORIES, VETERANS, AND MANY OTHERS FACING BARRIERS TO EMPLOYMENT. 0 1 0 0 0 0 0 0 0 CHRISTINE MCMAHON PRESIDENT & CEO OF FEDCAP 0 740366 0 0 0 0 0 139900 0 11661 0 891927 0 0 CAROL KHOURY CFO OF FEDCAP 0 339404 0 0 0 0 0 6081 0 2436 0 347921 0 0 GRANT COLLINS SECRETARY 0 296790 0 0 0 0 0 9000 0 12190 0 317980 0 0 KENNETH S BREZENOFF GEN COUNSEL & VP STRAT. INIT. 0 243373 0 0 0 0 0 7500 0 11302 0 262175 0 0 PART I, LINE 4B PRESIDENT/CEO, CHRISTINE MCMAHON PARTICIPATES IN FEDCAP'S SUPPLEMENTAL NONQUALIFIED SECTION 457(F) RETIREMENT PLAN. THE EMPLOYER CONTRIBUTION TO THE SECTION 457(F) PLAN IN CALENDAR YEAR 2023 WAS $130,000; THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. FORM 990, PART III, LINE 1 FEDCAP NYC WAS FORMED TO PROVIDE WORKFORCE DEVELOPMENT OPPORTUNITIES FOR PEOPLE WHO FACE BARRIERS TO ECONOMIC WELL-BEING. THE INDIVIDUALS FACING BARRIERS TO EMPLOYMENT AND ECONOMIC WELL-BEING THAT FEDCAP SERVES INCLUDES INDIVIDUALS WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES, YOUTH TRANSITIONING FROM FOSTER CARE, VETERANS, OLDER WORKERS, THE PREVIOUSLY INCARCERATED, THE HOMELESS, THOSE STRUGGLING WITH MENTAL ILLNESS AND ADDICTION, LOW-INCOME INDIVIDUALS AND FAMILIES, AND THE CHRONICALLY UNEMPLOYED. FORM 990, PART VI, SECTION A, LINE 6 FEDCAP NYC, INC.'S SOLE MEMBER IS THE FEDCAP GROUP, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BYLAWS RESERVE THE POWER TO THE SOLE MEMBER TO APPOINT, REPLACE OR REMOVE THE BOARD OF DIRECTORS (FOR ANY REASON AT ANY TIME). FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTS OF THE ORGANIZATION MUST ALSO BE APPROVED BY AFFIRMATIVE VOTE OF 2/3 OF THE BOARD MEMBERS OF THE SOLE MEMBER, INCLUDING, THE POWER TO: - AMEND, RESTATE, OR REVOKE ITS CERTIFICATE OF INCORPORATION OR ITS BYLAWS; - PERMIT OR APPROVE ITS MERGER OR CONSOLIDATION WITH OR INTO ANY OTHER ENTITY OR PERMIT OR APPROVE ITS CONVERSION INTO ANOTHER FORM OF ENTITY; - ADOPT A BUDGET OR MAKE A MATERIAL CHANGE TO AN EXISTING BUDGET; - DIVEST ITSELF OF ANY LINE OF BUSINESS, OR ANY OTHER BUSINESS ENTITY, OWNED OR CONTROLLED BY IT; - PERMIT OR APPROVE THE FILING BY IT OF A PETITION FOR BANKRUPTCY OR THE APPOINTMENT BY IT OF A RECEIVER OR COMMENCEMENT OF ANY OTHER INSOLVENCY OR REORGANIZATION PROCEEDING INVOLVING IT OR ANY OF ITS ASSETS; - PERMIT OR APPROVE ITS ENTERING INTO OF ANY GUARANTY OR SURETY ARRANGEMENT FOR THE BENEFIT OF ANY OTHER ENTITY; - PERMIT OR APPROVE THE SALE OF ALL OR SUBSTANTIALLY ALL OR ANY MATERIAL PART OF ITS ASSETS; - COMMENCE A LAWSUIT OR OTHER LEGAL PROCEEDING AGAINST ANY PERSON; - ADMIT A NEW MEMBER; - PERMIT OR APPROVE THE ACQUISITION OF ANY BUSINESS OR ENTITY; (M) PERMIT OR APPROVE THE INCURRING OF ANY INDEBTEDNESS FOR BORROWED MONEY; OR - LEASE, SUBLEASE, ACQUIRE, SELL OR OTHERWISE ENGAGE IN A REAL PROPERTY TRANSACTION FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH FEDCAP'S FINANCIAL DEPARTMENT. THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT AND THEN DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FEDCAP NYC, INC. ADOPTED THE CONFLICT OF INTEREST POLICY OF ITS PARENT ORGANIZATION, FEDCAP GROUP, INC. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND TO ALL EMPLOYEES ON AN ANNUAL BASIS. INDIVIDUALS ARE EXPECTED TO SIGN THE CONFLICT OF INTEREST POLICY AND CONFIRM THAT NO CONFLICTS EXIST. VIOLATIONS OF THE POLICY WILL SUBJECT AN EMPLOYEE TO DISCIPLINARY ACTION OR IMMEDIATE DISCHARGE. EMPLOYEES WHO HAVE KNOWLEDGE OR SUSPICION OF IMPROPER CONDUCT OR ACTIVITIES BY OTHER EMPLOYEES OR OUTSIDE PARTIES DOING BUSINESS WITH FEDCAP, ARE EXPECTED TO IMMEDIATELY BRING IT TO THE ATTENTION OF THE CEO OR DIRECTOR OF HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 13: FEDCAP NYC, INC. ADOPTED THE WHISTLEBLOWER POLICY OF ITS PARENT, THE FEDCAP GROUP, INC. FORM 990, PART VI, SECTION B, LINE 14: FEDCAP NYC, INC. ADOPTED THE DOCUMENT RETENTION POLICY OF ITS PARENT, THE FEDCAP GROUP, INC. FORM 990, PART VI, SECTION C, LINE 19 FEDCAP NYC, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART IX, LINE 24A THE FEDCAP GROUP PROVIDES CERTAIN CORPORATE SERVICES SUCH AS FINANCE, HUMAN RESOURCES, PAYROLL, LEGAL AND INFORMATION TECHNOLOGY, TO ITS AFFILIATED ORGANIZATIONS. THESE SERVICES ARE REIMBURSED AT COST; IN FISCAL 2024, FEDCAP NYC, INC. REIMBURSED $1,012,084 TO THE FEDCAP GROUP FOR THESE CORPORATE SERVICES. COMMUNITY WORKSHOPS INC 174 PORTLAND STREET BOSTON MA 02114 042103560 WORKFORCE DEV MA 501(C)(3) LINE 10 FEDCAP GROUP 0 RESERVE ELDER SERVICE INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 810665063 WORKFORCE DEV NY 501(C)(3) LINE 10 FEDCAP GROUP 0 WILDCAT SERVICE CORPORATION 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 132725423 WORKFORCE DEV NY 501(C)(3) LINE 10 FEDCAP GROUP 0 EASTER SEALS NEW YORK INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 135596808 WORKFORCE DEV NY 501(C)(3) LINE 7 FEDCAP GROUP 0 GRANITE PATHWAYS 60 ROGERS STREET STE 205 MANCHESTER NH 03103 270327352 WORKFORCE DEV NH 501(C)(3) LINE 10 FEDCAP GROUP 0 EASTER SEALS RHODE ISLAND INC 320 PHILLIPS ST SUITE 103 NORTH KINGSTOWN RI 028525149 260833287 WORKFORCE DEV RI 501(C)(3) LINE 7 FEDCAP GROUP 0 SEACOAST PATHWAYS 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 462658558 WORKFORCE DEV NH 501(C)(3) LINE 7 GRANITE PATHWAYS 0 SINGLE STOP USA INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 208837690 WORKFORCE DEV NY 501(C)(3) LINE 7 FEDCAP GROUP 0 MVLE INC 7400 FULLERTON RD SUITE 110 SPRINGFIELD VA 22153 540901005 WORKFORCE DEV VA 501(C)(3) LINE 7 FEDCAP GROUP 0 BENEVOLENT NFP 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 453136367 WORKFORCE DEV IL 501(C)(3) LINE 10 FEDCAP GROUP 0 EASTER SEALS NORTH TEXAS INC 6900 ANDERSON BLVD SUITE 104 FORT WORTH TX 76120 750827419 WORKFORCE DEV TX 501(C)(3) LINE 7 FEDCAP GROUP 0 ESCT AUSTIN HOUSING INC 8505 CROSS PARK DRIVE STE 120 AUSTIN TX 78754 300312913 WORKFORCE DEV TX 501(C)(3) LINE 10 FEDCAP GROUP 0 ESCT AUSTIN HOUSING II INC 8505 CROSS PARK DRIVE STE 120 AUSTIN TX 78754 208734793 WORKFORCE DEV TX 501(C)(3) LINE 10 FEDCAP GROUP 0 ESCT AUSTIN HOUSING III INC 8505 CROSS PARK DRIVE STE 120 AUSTIN TX 78754 272430412 WORKFORCE DEV TX 501(C)(3) LINE 10 FEDCAP GROUP 0 ESCT AUSTIN HOUSING IV INC 8505 CROSS PARK DRIVE STE 120 AUSTIN TX 78754 454900693 WORKFORCE DEV TX 501(C)(3) LINE 10 FEDCAP GROUP 0 EASTER SEALS CENTRAL TEXAS INC 8505 CROSS PARK DRIVE STE 120 AUSTIN TX 78754 750808811 WORKFORCE DEV TX 501(C)(3) LINE 7 FEDCAP GROUP 0 EASTER SEALS CENTRAL TEXAS VAUGHN HOUSE 8505 CROSS PARK DRIVE STE 120 AUSTIN TX 78754 237043820 WORKFORCE DEV TX 501(C)(3) LINE 10 FEDCAP GROUP 0 THE FEDCAP GROUP INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 830765672 WORKFORCE DEV NY 501(C)(3) LINE 10 FEDCAP GROUP 0 FEDCAP INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 830837061 WORKFORCE DEV NY 501(C)(3) LINE 7 FEDCAP GROUP 0 FEDCAP UK 10 QUEEN STREET PLACE LONDON UK WORKFORCE DEV UK FEDCAP GROUP 0 THESE OUR TREASURES INC 2778 BRUCKNER BLVD BRONX NY 10465 237307464 WORKFORCE DEV NY 501(C)(3) LINE 7 EASTER SEALS NEW YORK INC 0 FEDCAP EMPLOYMENT LIMITED CLEVELAND BUSINESS CENTRE OAK MIDDLESBUROUGH UK EMPLOYMENT SO UK FEDCAP GROUP 0 FEDCAP EMPLOYMENT SCOTLAND LIMITED NOVA HOUSE 3-5 PONTON STREET EDINBURGH UK EMPLOYMENT SO UK FEDCAP GROUP 0 FEDCAP CANADA 300 BAY STREET SUITE 1202 TORONTO CA EMPLOYMENT SO CA FEDCAP GROUP 0 NY TECH ALLIANCE INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 273122857 TECHNOLOGY NY 501(C)(6) FEDCAP GROUP 0 CIVIC HALL LABS INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 474897004 TECHNOLOGY NY 501(C)(3) LINE 7 FEDCAP GROUP 0 EASTER SEALS MISSISSIPPI INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 844332384 WORKFORCE DEV MS 501(C)(3) LINE 7 FEDCAP GROUP 0 EASTER SEALS OKLAHOMA INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 844362066 WORKFORCE DEV OK 501(C)(3) LINE 7 FEDCAP GROUP 0 EASTER SEALS SOUTH DAKOTA INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 844452711 WORKFORCE DEV SD 501(C)(3) LINE 7 FEDCAP GROUP 0 FEDCAP APEX TECHNICAL SCHOOL INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 874527298 EDUCATION NY 501(C)(3) LINE 2 FEDCAP REHAB 0 FEDCAP INVESTMENT CORP 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 862507866 WORKFORCE DEV NY 501(C)(3) LINE 7 FEDCAP GROUP 0 TACT KIDS INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 813015819 EDUCATION CO 501(C)(3) LINE 7 FEDCAP GROUP 0 FEDCAP REHABILITATION SERVICES INC 633 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 135645879 WORKFORCE DEV NY 501(C)(3) LINE 10 FEDCAP GROUP 0 FEDCAP VR LLC 633 3RD AVENUE 6TH FLOOR NEW YORK NY 10017 884007491 WORKFORCE DEV NY FEDCAP GROUP INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE FEDCAP GROUP INC N 1012084 FMV THE FEDCAP GROUP INC O 1012084 FMV THE FEDCAP GROUP INC P 1012084 FMV