Nonprofit · EIN 93-2034826
FEDCAP NYC INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $10,921,907 | $9,230,331 | $1,691,576 | $8,280,794 | $6,183,635 | $2,097,159 |
| September 30, 2024 | 990 | $8,434,024 | $8,028,441 | $405,583 | $6,497,958 | $6,092,375 | $405,583 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $24,733
- Program service revenue
- $10,897,174
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $442,892
- Other salaries and wages
- $3,997,828
- Salaries, compensation and benefits (total)
- $4,998,537
- Professional fundraising fees
- $0
- Occupancy
- $1,779,158
- Depreciation
- $6,801
- Program services (functional)
- $7,384,674
- Management and general (functional)
- $1,845,657
Balance sheet and other
- Total assets, start of year
- $6,497,958
- Total assets, end of year
- $8,280,794
- Total liabilities, end of year
- $6,183,635
- Net assets, end of year
- $2,097,159
- Land, buildings and equipment
- $4,245
- Net assets without donor restrictions
- $2,097,159
- Gross receipts
- $10,921,907
- Employees
- 74
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE MCMAHON | PRESIDENT & CEO OF FEDCAP Officer | 1 | $0 | $742,054 | $152,135 |
| CAROL KHOURY | CFO OF FEDCAP & CHAIR OF FEDCAP NYC Trustee or director, Officer | 1 | $0 | $373,709 | $31,322 |
| GRANT COLLINS | SECRETARY Trustee or director, Officer | 40 | $0 | $296,214 | $21,494 |
| KENNETH S BREZENOFF | GEN COUNSEL & VP STRAT. INIT. Trustee or director, Officer | 1 | $0 | $241,290 | $18,685 |
| GERALD MONROE | DIRECTOR OF CAREER SERVICES Highest-paid employee | 40 | $108,555 | $0 | $3,414 |
990 for the year ended September 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRISTINE MCMAHON | PRESIDENT & CEO OF FEDCAP Officer | 1 | $0 | $740,366 | $151,561 |
| CAROL KHOURY | CFO OF FEDCAP Trustee or director, Officer | 1 | $0 | $339,404 | $8,517 |
| GRANT COLLINS | SECRETARY Trustee or director, Officer | 40 | $0 | $296,790 | $21,190 |
| KENNETH S BREZENOFF | GEN COUNSEL & VP STRAT. INIT. Trustee or director, Officer | 1 | $0 | $243,373 | $18,802 |
Address and contacts
- Address (IRS master file)
- 633 THIRD AVENUE 6TH FLOOR, NEW YORK, NY 10017-6733
- In care of
- % KENNETH BREZENOFF
- Mailing address (990-N for 2022)
- 633 THIRD AVENUE 6TH FLOOR, New York NY 10017
- Principal officer (990 for 2024)
- CHRISTINE MCMAHON, 633 THIRD AVENUE 6TH FLOOR, NEW YORK, NY 10017
- Principal officer (990-N for 2022)
- CAROL KHOURY, 633 THIRD AVENUE 6TH FLOOR, New York NY 10017
- Signed the 990
- CAROL KHOURY, CFO
- Phone
- (212) 727-4219
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- 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.Expenses $7,384,674 · grants $442,892 · revenue $10,897,174
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 93-2034826
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $8,280,794
- Income (IRS master file)
- $10,921,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | – | – | – | IRS |
| 990 | September 2024 | – | – | – | IRS |
| 990-N for 2022 Officer: CAROL KHOURY | September 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about FEDCAP NYC INC
- What is the EIN of FEDCAP NYC INC?
- The employer identification number (EIN) of FEDCAP NYC INC is 93-2034826.
- Is FEDCAP NYC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FEDCAP NYC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FEDCAP NYC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FEDCAP NYC INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FEDCAP NYC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of FEDCAP NYC INC?
- The 990 for the year ended September 30, 2025 names CHRISTINE MCMAHON.
- Who are the officers and directors of FEDCAP NYC INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 1 received compensation from the organization.
- How much revenue does FEDCAP NYC INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $10,921,907, expenses of $9,230,331 and total assets of $8,280,794 at year end.
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