Fedcap Rehabilitation Services Inc
501(c)(3) Donations tax-deductible
88% goes to programs $99 to raise $100 Declining revenue
Fedcap Rehabilitation Services Inc is a 501(c)(3) organization based in New York, New York, registered in 1939, with $105,953,538 in FY2023 revenue. CharityIndex grades it C, and it directs about 88% of spending to programs.
633 Third Avenue 6th Flr, New York, NY, 10017 EIN 13-5645879 Since 1939
Revenue (FY2023)
$106.0M
▲ 2.6% vs prior year
Expenses (FY2023)
$107.2M
Net assets
$37.1M
Employees
1,059
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating88% to programs · $99 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Fedcap Rehabilitation Services Inc: 88% to programs · $99 to raise $100 earns a F on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fedcap Rehabilitation Services Inc: 4 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Fedcap Rehabilitation Services Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fedcap Rehabilitation Services Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Our mission is to create opportunities for people with barriers to economic well-being.
What they do
Workforce development the workforce development practice area works in close partnership with business to create customized, employer-based training designed to develop the skills and characteristics employers require. the fedcap group's workforce development provides hard skills training either directly by hiring its own skills-based training providers or indirectly, by organizing local providers -including community colleges - to create modular industry-recognized credentials. through this employer-based training, diagnostic vocational evaluations, work readiness preparation, rapid job placement and post-placement supports, the fedcap group's workforce development team effectively builds relationships and partnerships that align employers' needs with the needs of workers seeking opportunities.
Contact & location
Financial trends
Revenue declined from $148.7M (FY2013) to $106.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $91.3MNet assets $37.1M
Operating margin
-1.2%
Spent more than it raised in the latest fiscal year.
Total assets
$128.4M
Total liabilities
$91.3M
Net assets
$37.1M
Salaries & benefits
$65.9M
61% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $105,953,538▲2.6% | $107,206,289▲10.6% | $37,072,371▼3.3% | $128,412,424▲0.5% | 990 |
| 2022 | $103,264,175▼26.2% | $96,951,379▼29.8% | $38,324,696▲25.9% | $127,745,308▼31.2% | 990 |
| 2021 | $140,007,796▼7.3% | $138,073,708▼9.4% | $30,444,736▼1.0% | $185,751,602▲27.8% | 990 |
| 2020 | $151,071,826▲2.4% | $152,406,675▲4.9% | $30,749,910▼0.2% | $145,385,414▲2.6% | 990 |
| 2019 | $147,545,604▼19.7% | $145,247,731▼20.1% | $30,819,386▲8.1% | $141,691,238▼0.7% | 990 |
| 2018 | $183,684,677▼8.5% | $181,725,813▼13.4% | $28,521,513▲7.4% | $142,628,685▲4.1% | 990 |
| 2017 | $200,725,658▲5.2% | $209,908,158▲9.0% | $26,562,649▼24.7% | $137,056,185▲2.5% | 990 |
| 2016 | $190,767,487▲7.3% | $192,545,004▲8.5% | $35,274,618▼2.2% | $133,666,169▲2.5% | 990 |
| 2015 | $177,750,404▲15.8% | $177,495,177▲15.6% | $36,075,577▲0.7% | $130,449,507▲1.4% | 990 |
| 2014 | $153,563,001▲3.3% | $153,535,945▲15.8% | $35,820,350▲0.1% | $128,655,431▲15.0% | 990 |
| 2013 | $148,715,357 | $132,615,183▲14.1% | $35,793,294▲81.8% | $111,835,873▲172% | 990 |
| 2012 | — | $116,265,661▲34.3% | $19,693,120▲4.0% | $41,065,814▲23.9% | 990 |
| 2011 | — | $86,560,944▲5.1% | $18,940,282▲1.3% | $33,146,771▲17.6% | 990 |
| 2010 | — | $82,321,455▲18.0% | $18,700,679▲0.1% | $28,197,954▲6.4% | 990 |
| 2009 | — | $69,741,215 | $18,689,279 | $26,492,213 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Steven Coons — $378,316 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven Coons | President, Fedcap Rehab | 40 | $378,316 |
| Jerry Ferdinand | Assistant Chief Engineer | 40 | $203,242 |
| Krzysztof Bodziuch | Chief Engineer | 40 | $194,260 |
| Daniel Kazalski | Engineer | 40 | $187,858 |
| George Rios | Director of Operations | 40 | $180,006 |
| Terrence Samways | Engineer | 40 | $179,223 |
| Carol Khoury | Cfo | 1 | — |
| Christine Mcmahon | President & Ceo, Fedcap Group | 4 | — |
| Janice Oursler Phd | Board Member | 1 | — |
| Karen Milton | Board Member (as of 11/2023) | 1 | — |
| Kenneth Brezenoff | Gen. Counsel & Vp Strat. Init. | 1 | — |
| Laurence Ach | Co-chair | 1 | — |
| Malvina Kay | Board Member | 1 | — |
| Nancy Settergren | Treasurer | 1 | — |
| Paul Davis | Board Member | 1 | — |
| Peter Aschkenasy | Board Member | 1 | — |
| Peter Panken | Co-chair | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ab Facility Services LLC | Ops. & Maint. Svcs | $4,826,060 |
| Grant Thornton LLP | Audit, Tax & Consulting Svcs. | $645,561 |
| Powers Pyles Sutter & Verville PC | Legal Services | $266,508 |
| Gensler Architecture Design & Planning | Architecture & Design | $231,194 |
| Timeclock Plus LLC | Data Management Services | $164,513 |
Grants received · $1.0M total
37 grants to Fedcap Rehabilitation Services Inc totaling $1.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Dallas Foundation | General support | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $13,000 |
| National Philanthropic Tr | Human services | 2023 | $20,000 |
| The Dallas Foundation | General support | 2023 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $15,700 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $13,000 |
| Donor Advised Charitable Giving | Health | 2022 | $37,931 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $16,500 |
| National Philanthropic Tr | Human services | 2022 | $15,250 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,000 |
| The Chicago Community Trust | Support for the dixon center's work for purpose program | 2021 | $75,000 |
| The Chicago Community Trust | Support for the dixon center's work for purpose program | 2021 | $75,000 |
| Donor Advised Charitable Giving | Health | 2021 | $44,271 |
| American Online Giving Foundation Inc | General support | 2021 | $26,665 |
| National Philanthropic Tr | Human services | 2021 | $18,500 |
Frequently asked questions
- Is Fedcap Rehabilitation Services Inc a legitimate nonprofit?
- Yes. Fedcap Rehabilitation Services Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-5645879, based in New York, New York. Donations are tax-deductible.
- What is Fedcap Rehabilitation Services Inc's EIN?
- Fedcap Rehabilitation Services Inc's Employer Identification Number (EIN) is 13-5645879.
- How much revenue does Fedcap Rehabilitation Services Inc report?
- Fedcap Rehabilitation Services Inc reported $105,953,538 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Fedcap Rehabilitation Services Inc's spending goes to programs?
- Fedcap Rehabilitation Services Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fedcap Rehabilitation Services Inc have?
- CharityIndex grades Fedcap Rehabilitation Services Inc C, based on program efficiency and fundraising cost.
- How much does Fedcap Rehabilitation Services Inc's highest-paid employee make?
- The highest reported compensation on Fedcap Rehabilitation Services Inc's latest Form 990 is $378,316, paid to Steven Coons (President, Fedcap Rehab).
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Data for Fedcap Rehabilitation Services Inc (EIN 13-5645879) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.