Overview
What is Fedcap Inc?
Fedcap Inc is a nonprofit organization dedicated to making significant, long-lasting improvements in the economic well-being of individuals and families. Their mission is to create sustainable changes through work, focusing on those in need. By providing resources and opportunities, Fedcap, Inc. empowers people to enhance their financial situation and transform their lives.
Official website here: www.fedcapinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Fedcap Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is entirely based on its Accountability & Finance score of 95%, which indicates effective financial management and transparency within the organization. This high rating is significant as it demonstrates the charity's commitment to maintaining high ethical standards and accountability to its stakeholders.
One of the organizational strengths highlighted is the board structure, with 100% independent members, ensuring unbiased oversight in decision-making processes. The charity also excels in financial practices, evidenced by robust audit and oversight measures, and a high program expense ratio of 83.23%, indicating that a substantial portion of its funds is directed towards its programs and services rather than administrative costs. Additionally, Fedcap Inc has comprehensive policies in place, including conflict of interest and whistleblower policies, further showcasing its dedication to ethical governance.
While the organization has notably low liabilities relative to its assets, a ratio of 51.69%, which is generally seen as a positive indicator, there is room for improvement in this area. However, overall, the data paints a picture of a well-managed nonprofit that prioritizes accountability, effective program delivery, and ethical governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Fedcap Inc legitimate?
Fedcap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fedcap Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $320,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,761,567
For more financial information, click here
Official website here: www.fedcapinc.org
What is the mission statement of Fedcap Inc?
Fedcap Inc is committed to making significant and enduring improvements in the economic well-being of individuals and their families. Through their work, they strive to bring about high-impact, transformative changes that empower people in need. Their mission is to enhance the economic stability of these individuals, enabling them to lead more fulfilling lives. Fedcap Inc's efforts encompass a wide range of initiatives aimed at helping people overcome economic challenges and achieve sustainable growth. Their focus on work-based solutions underscores their dedication to fostering self-sufficiency and promoting long-term success.
Official website here: www.fedcapinc.org
Who is the CEO of Fedcap Inc?
Christine Mcmahon is the President And Ceo of Fedcap Inc. The CEO's salary of Fedcap Inc is $0 and their total compensation is $755,901.
Official website here: www.fedcapinc.org
What is the revenue of Fedcap Inc?
Fedcap Inc's revenue in 2022 was $25,391,082.
Official website here: www.fedcapinc.org
Who are the executives of Fedcap Inc and what are their salaries?
Here are 14 key members and their salaries (Fedcap Inc's CEO's salary is $0 and their total compensation is $755,901):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $586,943
- Other: $168,958
- Compensation: $0
- Related: $271,616
- Other: $27,193
- Compensation: $0
- Related: $199,905
- Other: $8,151
- Compensation: $0
- Related: $256,392
- Other: $18,182
- Compensation: $0
- Related: $151,994
- Other: $14,906
- Compensation: $0
- Related: $169,284
- Other: $31,713
- Compensation: $0
- Related: $130,445
- Other: $26,907
- Compensation: $0
- Related: $152,085
- Other: $15,364
- Compensation: $0
- Related: $193,320
- Other: $13,273
- Compensation: $0
- Related: $144,915
- Other: $794
Official website here: www.fedcapinc.org
Where can I find the form 990 for Fedcap Inc?
Fedcap Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fedcapinc.org
Learn more at the official website: www.fedcapinc.org
Mission Statement of Fedcap Inc
Fedcap Inc, a renowned nonprofit organization, is dedicated to making substantial, enduring improvements in the economic well-being of individuals and families in need. Through their mission, they strive to create life-changing opportunities for people to enhance their livelihoods and secure a sustainable future.
In pursuit of this goal, Fedcap, Inc. focuses on empowering individuals to maximize their potential and overcome economic hardships. By providing them with the necessary tools and resources, this organization seeks to help people achieve self-sufficiency and break free from cycles of poverty.
Fedcap, Inc.'s approach is grounded in the belief that everyone deserves the chance to better their economic situation. By offering high outcome programs, they aim to deliver meaningful and lasting differences in people's lives. The organization's commitment to making a difference is unwavering, as they work tirelessly to improve the economic well-being of those most in need.
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Impact
October, 2024
Fedcap Inc significantly enhances the economic well-being of individuals and families in need. By focusing on sustainable, high-impact solutions, the organization empowers its clients through meaningful employment opportunities. Their mission centers on creating life-changing outcomes that lead to greater economic stability and independence.
Through targeted programs and services, Fedcap Inc equips individuals with the skills and resources necessary to secure jobs, fostering a pathway toward self-sufficiency. The organization not only aims to provide immediate relief but also addresses the underlying factors affecting individuals' economic circumstances, thereby contributing to long-term improvements in their quality of life. In doing so, Fedcap Inc plays a critical role in strengthening communities and promoting economic equity in New York and beyond.
This information is meant to be a general summary of Fedcap Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $23,667,706
- Gross Receipts: $25,391,082
Assets and Liabilities:
- Total Assets: $9,225,372
- Total Liabilities: $4,769,002
- Net Assets: $4,456,370
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REHAB AND VOCATIONAL PROGRAMS
Revenue
$23,667,706
Organization Details
Founding Year
2018
Phone
(877) 829-5500Principal Officer
Christine Mcmahon
Main Address
633 THIRD AVE 6TH FL, NEW YORK, NY, 10017
Website
www.fedcapinc.orgNTEE Category
Code: J22 - Employment
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