Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
3 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $2.2M paid to officers and key staff.
Christine McMahon’s $742K as President & CEO of Fedcap is at the 98th percentile of top reported officer pay among 414 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Christine McMahon | $742,054 | $740,366 | $655,045 |
| Andrew Rasiej | $481,575 | $282,826 | — |
| James Malatras | $450,090 | $415,468 | — |
| Carol Khoury | $373,709 | $339,404 | $300,314 |
| Praveen Venugopal | $320,448 | — | — |
| Tammy Mickelson | $311,077 | $270,541 | $228,567 |
| Martin Hanna | $261,835 | $249,200 | — |
| Gilbert Ricotta | — | $249,200 | $173,616 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps people overcome economic barriers to improve their lives.
Questions for The Fedcap Group INC
Your first name shows with your question. The Fedcap Group INC answers here, for everyone.
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See schedule oserving over 340,000+ people each year across an international footprint, the work of the fedcap group is structured within four major areas of practice and delivered through a growing number of top-tier companies each focused on helping people achieve long term economic WELLBEING.WORKFORCE development to include job…
See schedule othe fedcap group comprises a growing number of top-tier nonprofit agencies dedicated to advancing the economic well being of people with barriers. The fedcap group offers a growth platform for agencies to collectively showcase the power of possible.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $861K | |
| Land, buildings, equipmentLn 10c | $0 | $302K |
| Total assetsLn 16 | $192K | $27.1M |
| LiabilitiesLn 26 | $8.6M | $35.1M |
| Net assetsLn 32 | −$8.4M | −$7.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $235K | $235K | ||
| Pay of current officers, directors and key staffLn 5 | $2.0M | $2.0M | ||
| Other salaries and wagesLn 7 | $7.1M | $6.8M | $317K | |
| Pension plan contributionsLn 8 | $625K | $603K | $22K | |
| Other employee benefitsLn 9 | $1.3M | $1.2M | $43K | |
| Payroll taxesLn 10 | $211K | $168K | $43K | |
| Legal feesLn 11b | $712K | $329K | $382K | |
| Accounting feesLn 11c | $205K | $205K | ||
| Other fees for servicesLn 11g | $2.0M | $1.8M | $234K | |
| Advertising and promotionLn 12 | $463K | $5K | $5K | $453K |
| Office expensesLn 13 | $486K | $464K | $22K | |
| Information technologyLn 14 | $3.0M | $22K | $3.0M | $23K |
| OccupancyLn 16 | $33K | $33K | ||
| TravelLn 17 | $356K | $15K | $261K | $80K |
| Conferences, conventions and meetingsLn 19 | $26K | $26K | ||
| InterestLn 20 | $1.4M | $1.4M | ||
| Depreciation, depletion and amortizationLn 22 | $211K | $211K | ||
| InsuranceLn 23 | $978K | $969K | $9K | |
| Other expenses (24a–d)Ln 24 | $1.5M | $1.5M | ||
| All other expensesLn 24e | $1.3M | $1.3M | $43K | |
| Total functional expensesLn 25 | $24.2M | $606K | $22.3M | $1.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $33.7M | $32.1M | $1.5M | −$250K | 990 PDF |
| FY2024 | $36.3M | $32.9M | $3.3M | −$2.9M | 990 PDF |
| FY2023 Viewing | $24.7M | $24.2M | $466K | −$7.9M | 990 PDF |
| FY2022 | $8.8M | $15.4M | −$6.6M | −$8.4M | 990 PDF |
| FY2021 | $365K | $2.1M | −$1.8M | −$1.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $24,697,027 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $24,697,027 across 9 lines filed
Part IX · Statement of functional expenses $24,231,270 across 20 lines filed
Part X · Balance sheet $27,129,496 assets, 11 lines filed
Part XI · Reconciliation of net assets −$7,938,963 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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