Fedcap Inc
Donations deductibleRevenue
$27.6m
year to 30 September 2025
Expenses
$29.4m
year to 30 September 2025
Total assets
$16.5m
$8.2m liabilities
Net assets
$8.3m
assets less liabilities
Directors and trustees
4
7.4y av
Staff
466
employees, year to 30 September 2025
Chair observed
≥5 yrs
Kenneth Raisler
Left since last filing
0
no seats appear to have opened
Fedcap Inc's network
4 people2 organisationsi4 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (4). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
4 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 4 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Kenneth Raisler Chair | Chair | 2019 | 7 yrs |
| Martha Sproule | Treasurer | 2019 | 7 yrs |
| Michael Weinstein | Board Member | 2019 | 7 yrs |
| Ron Torok (also filed as Ron Torok) | Board Member | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
15 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Carla Smith | Dir. of Office Admin. & Personnel | since 2022 |
| Carol Khoury | CFO (As of 12/2019) | since 2020 |
| Christine McMahon | President and CEO | since 2019 |
| Dennis SZE | Director of Finance | since 2019 |
| Grant Collins | President of Fedcap, Inc. | since 2019 |
| Jacqueline Kosloski | Senior Director | since 2022 |
| Kelly Washburn | Senior Dir. of Workforce Oper. | since 2020 |
| Kenneth Brezenoff | gen. counsel & vp Strat. init. | since 2019 |
| Marcia Salovitz | Vice President of Operations | since 2019 |
| Martin Hanna | Director of Tech. & Systems | since 2020 |
| Nandi Jones-Clement | Sr. Director of Global Business Dev. | 2024 |
| Robert Reiter | Senior Dir. Workforce Develop. | since 2020 |
| Serena Powell | Executive Director | since 2020 |
| Silvia Estrada | Sr. Dir of Workforce Re-Entry | since 2021 |
| Karen Wegmann | CFO | 2019 |
Pay and hours
year to 30 September 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Grant Collins | President of Fedcap, Inc. | 35 | $296k | $21k | |
| Nandi Jones-Clement | Sr. Director of Global Business Dev. | 40 | $225k | $8k | |
| Yan Chi Sze | Director of Financial Operations | 40 | $173k | $38k | |
| Serena Powell | Executive Director | 40 | $169k | $15k | |
| Jacqueline Kosloski | Senior Dir. of Workforce Dev. | 40 | $160k | $16k | |
| Aaron Kaminski | Director of Software Eng | 40 | $156k | $37k | |
| Carla Smith | Director of Office Admin. | 40 | $155k | $6k | |
| Kenneth Raisler | Chair | 1 | $0 | ||
| Martha Sproule | Treasurer | 1 | $0 | ||
| Michael Weinstein | Board Member | 1 | $0 | ||
| Ron Torok | Board Member | 1 | $0 | ||
| Christine McMahon | President and CEO | 1 | $0 | $742k | $152k |
| Carol Khoury | CFO | 1 | $0 | $374k | $31k |
| Kenneth Brezenoff | Gen Counsel & VP Strat. Intl. | 1 | $0 | $241k | $19k |
About
- Legal name
- Fedcap Inc
- EIN
- 830837061
- Address
- 633 3rd Avenue 6th FL, New York, NY, 10017-6733
- State
- New York
- Mission
- Fedcap, inc. Makes high outcome, life-changing, sustainable differences for individuals and families to improve their economic well-being through work. (see schedule o) (as filed on the Form 990)
- Activity (NTEE)
- J22 Employment
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Employment
- Size band
- 8 (IRS master file code)
- Formed
- 2018
- Principal officer
- Christine McMahon (as named on the Form 990)
- IRS ruling date
- 1 February 2019
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
RelatedWORKFORCE DEVFedcap Rehabilitation Services IncRelatedWORKFORCE DEVWildcat Service CorporationRelatedWORKFORCE DEVCommunity Workshops IncRelatedWORKFORCE DEVReserve Elder Service Inc
Longest observed on the filings
≥7years on the filingsKenneth Raisler
≥7years on the filingsMartha Sproule
≥7years on the filingsMichael Weinstein
≥7years on the filingsRon Torok
Latest return
year to 30 September 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 September 2025. US dollars, as filed.- Total assets
- $16.5m
- Total liabilities
- $8.2m
- Net assets or fund balances
- $8.3m
- Contributions and grants received
- $117k
- Program service revenue
- $27.5m
- Grants and similar paid out
- $1.3m
- Employees
- 466
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2023 | $30.2m | $30.7m | Deficit $451k |
As filed on the IRS Form 990. US dollars.
State registration
1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.Fedcap, Inc. likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: New York Department of State, active corporations (data.ny.gov n9v6-gdp6). Licence: New York open data terms of use. Data last fetched 18 October 2026.
- State
- New York
- Entity type
- Foreign Not-For-Profit Corporation
- Status
- Active
- Formed
- 20 March 2019
- Registered agent
- Not stated