2011-06-16T15:29:08-05:00 2010-09-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174011 990 2009-10-01 135645879 FEDCAP Rehabilitation Services Inc FEDC 2127274200 211 West 14th Street New York NY 100117157 michael kurtz 2011-06-16 2125429609 2009 2016-02-24 21:20:13Z Christine McMahon 211 West 14th Street New York NY 100177157 73549443 false X www.Fedcap.org X 1935 NY Fedcap is a nonprofit whose mission is to be the premier organization that empowers people with barriers to employment to move towards economic independence as valued members of the workforce. 16 16 1424 0 0 0 371961 479783 64704908 68405412 113655 57329 1234490 810486 66425014 69753010 0 0 0 0 49473933 52921323 0 0 180920 16747822 16819892 66221755 69741215 203259 11795 26827293 26492213 8149809 7802934 18677484 18689279 Fedcap is a 501(c)(3) nonprofit organization with a mission to create opportunities for people with barriers to move toward economic independence as valued and contributing members of society. Founded in 1935 by three veterans with physical disabilities who struggled to make ends meet, Fedcap annually helps thousands of people - including returning veterans; people who are blind, deaf or have other longstanding mental or physical disabilities; adults who've been in prison; youths aging out of foster care - overcome obstacles, rebuild their lives, and find and keep meaningful employment. Fedcap constantly expands and innovates to provide tailored approaches that give individuals the best job match and continuing support, and give businesses solutions that are socially responsible and benefit the bottom line. Through careful research and strategic partnerships with community leaders, elected officials, fellow nonprofits, government agencies and commercial businesses, Fedcap develops empl false false 59250264 68560363 ECONOMIC DEVELOPMENT: Fedcap actively seeks to generate jobs to employ individuals with barriers through securing contracts under federal, state and local set-aside programs such as AbilityOne, NYSID and ACCSES NJ, as well as commercial operations. In addition, Fedcap operates a Home Care business that trains, employs, and places home health aides. In fiscal 2010, Fedcap significantly expanded the geographic scope of its economic development activities through new contracts in New Jersey and Washington, DC. It should be noted that the COGS attributable to Fedcap's sale of military equipment have been removed from this program service activity. 4002936 0 3659651 Workforce development: Fedcap's Workforce Development programs meet a broad range of clients' needs, from evaluating and assessing interests, aptitudes and abilities, to specialized training in the vocational and "soft" skills needed for success in the workplace. Fedcap's vocational training has launched thousands of people into careers in culinary arts, custodial services, data entry and digital imaging, office skills, in-home health aides, hospitality, and mail and general clerical services. We also teach inter-personal, communication, customer-service, interviewing and school-to-workplace transition skills. Our Career Design School affords New York State-accredited certification. 1063161 0 615164 WORKFORCE SUPPORT: Many individuals who graduate from Fedcap's training programs go on to employment in Fedcap-run businesses, or are assisted by Fedcap staff in obtaining jobs with other employers. Once on the job, Fedcap's professional staff provides continued support to help them maintain and succeed in their employment. Other Fedcap supports include mental health services; in fiscal 2010 these were expanded to include an adult day program in West Orange, NJ. 64316361 true true false false false false true false false true true false false false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 24 0 true 1424 true false false false false false true true false false false 16 16 false false false false false false false true true false false true true true true true true true true false NY X X MICHAEL KURTZ CFO 2127274214 211 WEST 14TH STREET New York NY 100117157 Mark O'Donoghue 1.0 X X 0 0 0 Diane Shaib 1.0 X X 0 0 0 Laurence E Ach 1.0 X X 0 0 0 Judy Bergtraum 1.0 X X 0 0 0 Peter Aschkenasy 1.0 X 0 0 0 Michael Brenner 1.0 X 0 0 0 Jack Cage 1.0 X 0 0 0 Richard Fursland 1.0 X 0 0 0 Diana Glass 1.0 X 0 0 0 Cece R Lane 1.0 X 0 0 0 Lynn Morgen 1.0 X 0 0 0 Terry O'Neill 1.0 X 0 0 0 Janice Oursler PhD 1.0 X 0 0 0 Peter M Panken 1.0 X 0 0 0 Gerald D Prothro 1.0 X 0 0 0 Charles Wardell 1.0 X 0 0 0 Christine McMahon 40.0 X 309615 0 6933 Maureen Bentley 40.0 X 153268 0 11470 Robert Breitbart 40.0 X 146665 0 3264 steven coons 40.0 X 129251 0 18452 john hughes 40.0 X 116813 0 0 richard matist 40.0 X 116490 0 5384 Amy Thomas 40.0 X 171198 0 14246 1143300 0 59749 8 true true false TRI-Maintenance 81 Dorsa Ave PO Box 2068 LIVINGSTON NJ 07039 subs-mechanical 3652175 Canal Carting Inc PO Box 1474 BAYONNE NJ 07002 trash/snow removal 325108 Eagle Bldg services Inc 194 11th Ave HOCTSVILLE NY 11742 window washing 183229 Safeguard Maint Corp 138 Cockeysville Rd COCKEYSVILLE MD 21030 cleaning services 136037 Garys Landscaping 445 Decatur Ave STATEN ISLAND NY 10314 ground maintenance 134877 7 223 134494 112266 232800 479783 CONTRACT SERVICES AND PRODUCTS 900099 64130597 64130597 REHABILITATION AND VOCATIONAL PROGRAMS 624310 4274815 4274815 68405412 57329 57329 0 0 99245 99245 99245 99245 0 25000 134494 69849 -44849 -44849 0 4429766 3726584 703182 703182 MISCELLANEOUS 900099 52908 52908 52908 69753010 68405412 0 867815 0 0 0 0 856419 306419 550000 0 0 39011224 37065956 1818946 126322 1354521 1331228 20754 2539 8355285 8198117 153374 3794 3343874 3109299 223371 11204 0 200399 200399 139160 139160 0 0 0 491620 491620 37307 3716 30625 2966 0 469505 307911 159636 1958 0 2380822 2151581 222250 6991 283967 229785 52051 2131 0 0 24840 24840 0 798937 576787 221639 511 990271 907284 82987 SUBCONTRACTORS 5229749 5229749 MATERIALS AND SUPPLIES 1312719 1243210 64790 4719 COMMISSIONS 2020708 2020708 SHIPPING, FREIGHT AND POSTAGE 827777 827777 BAD DEBT EXPENSE 671789 671789 940322 135045 787492 17785 69741215 64316361 5243934 180920 5147631 5000000 3073516 5284342 31147 43415 12556947 10421685 814243 510986 669768 662482 15243990 11002273 4512291 4241717 21750 327586 26827293 26492213 7737786 7592213 394976 210721 17047 0 8149809 7802934 X 18648715 18687578 28769 1701 18677484 18689279 26827293 26492213 X false true true X false X 364329 532571 394458 371961 504783 2168102 364329 532571 394458 371961 504783 2168102 45085 2123017 40937 90508 123046 113655 57329 425475 0 0 0 0 152153 152153 2745730 257716534 0.77321 0.69097 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21750 X false 80000 80000 280672 280672 0 4526405 3218100 1308305 6227150 5143021 1084129 4129763 2360480 1769283 4241717 0 0 69753010 69741215 11795 -703182 -703182 -691387 73549443 3796433 3796433 69753010 69753010 73537648 3796433 3796433 69741215 69741215 Fin48 The Income Taxes topic of the FASB Accounting Standards Codification ("Codification") establishes criterion that an individual tax position has to meet for some or all the benefits of that position to be recognized in the an entity's financial statements. On initial application, this criterion will be applied to all tax positions for which the statue of limitations remains open. Only tax positions that meet the more-likely-than-not recognition threshold at the adoption date will be recognized or continue to be recognized. The effective date for applying this criterion has been deferred for certain not-for-profit organizations until fiscal years beginning after December 15, 2008, which will be fiscal 2010 for Fedcap. The adoption of this guidance did not have an impact on Fedcap's financial statements, as management believes that Fedcap has not taken any uncertain tax positions. reconciliation of net assets Schedule d, Part XI Line 8: cost of goods sold $(703,182) reconciliation of Revenue schedule D, Part XII Line 2D: Fundraising expenses reclassed from other expenses to Part VIII, Line 8(b) $ 69,849 Cost of goods sold reclassed from materials & Supplies to part VIII, Line 10(b) $3,726,584 ---------- $3,796,433 Reconciliation of expenses Schedule D, Part XIII Line 2D: Fundraising expenses reclassed from other expenses to Part VIII, Line 8(b) $ 69,849 Cost of goods sold reclassed from materials & Supplies to part VIII, Line 10(b) $3,726,584 ---------- $3,796,433 Schedule D, Part III, Line 4 Fedcap Rehabilitation Services displays several pieces of art in its headquarters buildings. These art pieces were donated years ago and have been retained to enhance the aesthetics of the office building. These assets do not contribute importantly to the organization's tax-exempt mission. Celebration 159494 134494 25000 55400 14449 0 159494 134494 25000 55400 14449 69849 -44849 X X X X false false false false false false false false false Christine McMahon 309615 0 0 0 0 0 0 0 6933 0 316548 0 0 0 Amy Thomas 171198 0 0 0 0 0 1500 0 12746 0 185444 0 0 0 Maureen Bentley 153268 0 0 0 0 0 3065 0 8405 0 164738 0 0 0 POLICIES FORM 990, SECTION VI, PART B Line 11 - The Form 990 was prepared by a nationally renowned accounting firm in conjunction with Fedcap's financial department. It was reviewed by senior management and a copy of the draft Form 990 was circulated to the finance committee for discussion and comment. Each Member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. LINE 12 - The conflict of interest policy is signed by all Fedcap Employees during their annual evaluation. each member of the Board of Directors signs the conflict of interest policy on an annual basis. Violation of the policy will subject an employee to disciplinary action or immediate discharge. Employees who have knowledge or suspicion of improper conduct or activities by other employees or outside parties doing business with Fedcap, are expected to immediately bring it to the attention of the CEO or Director of Human Resources. LINE 15 - FEDCAP undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of the officers and key employees of the organization is reasonable given the market in which it operates. In relevant part, the Board of Directors has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. - In determining the President's compensation package, the compensation committee hires an independent compensation consultant, Korn/Ferry to conduct an analysis of industry comparables for individuals performing similar job functions. The Compensation committee ultimately makes the decisions about the President's compensation and memorializes its decision in the Board Minutes. Disclosure FORM 990, SECTION VI, PART C LINE 19 - FedCap makes its Form 990, annual report, Conflict of Interest, Code of Ethics and whistleblower policies available to the public by retaining a copy at its place of business and by publishing the documents on the internet at Fedcap's website, www.fedcap.org. The organization's financial statements and governing documents are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. Form 990, Part IX, Functional Expenses & Part III Activities The cost of goods sold (COGS) for the military equipment sold by Fedcap Rehabilitation Services reported has been reclassed from expenses to Part VIII, Line 10(b) to offset the revenue from such sales. These expenses have been removed from Line 24(b), Materials and Supplies, on Part IX of the Form 990, thereby reducing the actual expenditure of $5,039,303 to $1,312,719. Certain salary expenditures are included in the reclassed COGS expenses; however, in the interests of clarity, these expenditures have been removed from materials and supplies rather than fron Lines 5-9 of Part IX. Additionally, the reclassed COGS have been removed from Part III, Line 4a to reconcile to the Part IX total program service expenditures of $64,316,361. Finally, subsequent to the issuance of the audited financial statements, management determined that certain expenditures relating to community relations should be classified as management and general expenses, rather than fundraising expenses. Accordingly, the Form 990, Part IX, reclasses $395,192 of community relations expenses from column (d) to column (c).