2023-08-15T09:17:57-05:00 2022-09-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-10-01 135645879 FEDCAP REHABILITATION SERVICES INC FEDC 2127274200 633 THIRD AVENUE 6TH FL NEW YORK NY 10017 CAROL KHOURY CFO 2127274200 2023-08-15 1 CAROL KHOURY XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 2023-08-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTINE MCMAHON 633 THIRD AVE 6TH FL NEW YORK NY 10017 140007796 0 X WWW.FEDCAP.ORG X 1935 NY OUR MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING. 7 7 1747 15 0 0 1090904 1310692 130846332 124837001 187247 700594 18947343 13159509 151071826 140007796 435666 2151365 0 0 88560850 75014526 0 0 300099 63410159 60907817 152406675 138073708 -1334849 1934088 145385414 185751602 114635504 155306866 30749910 30444736 X SEE SCHEDULE O 0 0 80049322 17275 90490035 SEE SCHEDULE O 14923235 623631 23874319 SEE SCHEDULE O 9157708 34844 7890911 SEE SCHEDULE O 5969514 140289 2581736 OCCUPATIONAL HEALTH THE FEDCAP GROUP TAKES A NOVEL APPROACH TO OCCUPATIONAL HEALTH -ASSISTING INDIVIDUALS TO OBTAIN THE CRITICAL TREATMENT THEY NEED WHILE AT THE SAME TIME PROVIDING THE SUPPORTS NECESSARY FOR SUCCESSFUL EMPLOYMENT. THE FEDCAP GROUP PROVIDES CLINICAL SERVICES DIRECTLY AND INDIRECTLY THROUGH LOCAL COMMUNITY PARTNERS. IT COMPLEMENTS THESE SERVICES WITH ANCILLARY WORKFORCE DEVELOPMENT AND EDUCATIONAL SERVICES. THE FEDCAP GROUP OPERATES A VARIETY OF OCCUPATIONAL HEALTH PROGRAMS THROUGH SEVERAL OF ITS SUBSIDIARIES IN NEW HAMPSHIRE, NEW JERSEY, NEW YORK AND TEXAS AND WORKS WITH LOCAL PROVIDERS TO SERVE OTHER GEOGRAPHIES. WITH THE INCREASING TREND TO INCLUDE VULNERABLE POPULATIONS IN MANAGED CARE PLANS, THE FEDCAP GROUP IS ALSO SERVING AS A VALUABLE PARTNER TO INSURERS AND INTEGRATED PROVIDER GROUPS, DELIVERING PRECISE, EVIDENCE-BASED INTERVENTIONS THAT REDUCE HOSPITALIZATION AND READMISSION, AND INCREASE LONG-TERM HEALTH AND STABILITY. COMMUNITY IMPACT INSTITUTE THE FEDCAP GROUP LAUNCHED THE COMMUNITY IMPACT INSTITUTE (CII) IN 2009 AS ITS DISCOVERY AND STRATEGIC PLANNING ARM - PROMOTING CAPACITY BUILDING, TECHNICAL ASSISTANCE AND PRACTICE IMPROVEMENT -WITH A FOCUS ON IMPROVING THE WAY THAT SERVICES ARE DESIGNED AND DELIVERED. CII STRIVES TO FOSTER CONVERSATIONS THAT HELP PEOPLE ARTICULATE THEIR OWN AND THEIR COMMUNITIES' NEEDS AND CONVENES EXPERTS FROM DIFFERENT SECTORS TO BRAINSTORM CREATIVE AND ACTIONABLE IDEAS TO MEET THOSE NEEDS. CII BRINGS TOGETHER CONSUMERS, THOUGHT LEADERS, FUNDERS, PRACTITIONERS AND SERVICE PROVIDERS TO DESIGN INNOVATIVE INTERVENTIONS THAT WORK LOCALLY, WHILE ALSO BEING REPLICABLE NATIONALLY AND/OR GLOBALLY. 5969514 140289 2581736 110099779 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 146 0 1 1747 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X CAROL KHOURY CFO 2127274200 633 3RD AVENUE 6TH FLOOR NEW YORK NY 10017 X LAURENCE ACH CO-CHAIR 1.00 0.00 X X 0 0 0 PETER PANKEN CO-CHAIR 1.00 0.00 X X 0 0 0 NANCY SETTERGREN TREASURER 1.00 0.00 X X 0 0 0 JANICE OURSLER PHD BOARD MEMBER 1.00 0.00 X 0 0 0 PETER ASCHKENASY BOARD MEMBER 1.00 0.00 X 0 0 0 PAUL DAVIS BOARD MEMBER 1.00 0.00 X 0 0 0 MALVINA KAY BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTINE MCMAHON PRESIDENT & CEO, FEDCAP GROUP 40.00 4.00 X 586943 0 168958 STEVEN COONS PRESIDENT, FEDCAP REHAB 40.00 0.00 X 261181 0 9173 CAROL KHOURY CFO 40.00 1.00 X 271616 0 27193 KENNETH BREZENOFF GEN. COUNSEL & VP STRAT. INIT. 40.00 1.00 X 199905 0 8151 TAMMY MICKELSON CHIEF INFORMATION OFFICER 40.00 0.00 X 196553 0 15894 JERRY FERDINAND ASSISTANT CHIEF ENGINEER 40.00 0.00 X 213865 0 70 KRZYSZTOF BODZIUCH CHIEF ENGINEER 40.00 0.00 X 206256 0 136 JACQUELINE KOSLOSKI SENIOR DIRECTOR 40.00 0.00 X 193320 0 13273 GRANT COLLINS SVP WORKFORCE DEV & EXE DIR 40.00 0.00 X 256392 0 18182 2386031 0 261030 71 0 1 0 AB FACILITY SERVICES LLC 130 ALGONQUIN PARKWAY WHIPPANY NJ 07981 OPS. & MAINT. SVCS 4610773 ALPHA BUSINESS SOLUTIONS 125 HALF MILE ROAD SUITE 200 RED BANK NJ 07701 IT SVCS. 1479080 GRANT THORNTON LLP 33570 TREASURY CENTER CHICAGO IL 60694 AUDIT, TAX & CONSULTING SVCS. 766216 GREENBERG TRAURIG LLP ONE VANDERBILT AVENUE NEW YORK NY 10017 LEGAL SERVICES 429899 JOBSPRING PARTNERS PO BOX 845388 BOSTON MA 022845388 RECRUITMENT 301086 15 1310692 196363 1310692 CONTRACT AND FACILITIES SERVICES 900099 90831496 90831496 APEX TECH TUITION REVENUE 900099 18412611 18412611 REHAB AND VOCATIONAL PROGRAMS 624310 15305646 15305646 CAREER DESIGN SCHOOL TUITION 900099 287248 287248 124837001 700594 700594 650687 0 650687 650687 650687 SUBSIDIARY EXPENSE REIMBURSMENT 900099 12314253 12314253 MISCELLANEOUS REVENUE 900099 194569 194569 12508822 140007796 124837001 0 13860103 2151365 2151365 807807 308846 498961 57898428 56000651 1774717 123060 7343777 7128393 199497 15887 7587534 7365001 206119 16414 1376980 1336595 37406 2979 2653625 2653625 1160374 1008063 152311 352160 35750 316410 3482872 1469219 2010984 2669 563885 27090 536795 7799459 6102733 1667269 29457 1798040 613527 1174542 9971 7319338 4455119 2801485 62734 625071 499506 125565 17409 10930 6479 3659016 207 3658809 3835968 586745 3247613 1610 6838111 1477819 5356086 4206 REPAIRS AND MAINTENACE 12060938 11505635 555303 SUBCONTRACTOR EXPENSES 3132261 2101304 1030957 BAD DEBT EXPENSE 2591114 2584727 6387 3018176 676929 2310135 31112 138073708 110099779 27673830 300099 4354979 1274691 1761843 1867100 269632 269632 25619189 17760734 414709 405034 2290667 1626465 136905111 29730708 63376253 107174403 10069783 8298537 0 144000 37228359 46931006 145385414 185751602 26407549 26855101 1255374 1571235 15420000 14840000 33203102 30996506 38349479 81044024 114635504 155306866 X 30446448 30293005 303462 151731 30749910 30444736 145385414 185751602 1934088 -2332431 93169 0 X 0 1 X 1 1 1 X 1422499 3365557 1617029 1090904 1310692 8806681 198119863 177723230 143958360 149214680 137151254 806167387 199542362 181088787 145575389 150305584 138461946 814974068 0 0 0 814974068 1183296 2470590 1501136 512630 1351281 7018933 1183296 2470590 1501136 512630 1351281 7018933 489394 44226 50216 253612 194569 1032017 201215052 183603603 147126741 151071826 140007796 823025018 0.99020 0.99130 0.00850 0.00330 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 250,421. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 50,216. 2020 AMOUNT: $ 253,612. 2021 AMOUNT: $ 194,569. GROSS FUNDRAISING REVENUE - 2017 AMOUNT: $ 238,973. 2018 AMOUNT: $ 44,226. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21750 X 0 106258879 8561438 97697441 11949056 8438835 3510221 667125 651909 15216 18030051 12078526 5951525 107174403 DUE FROM RELATED AFFILIATES 44901155 OTHER ASSETS 1922326 457B PLAN 107525 46931006 OBLIGATIONS UNDER CAPITAL LEASE 79055700 DEFERRED RENT 374630 OTHER LIABILITIES 1477942 SECURITY DEPOSIT LEASE SPACE 135752 81044024 X 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. PART X, LINE 2: FIN 48 FEDCAP AND ITS RELATED ENTITIES FOLLOW GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. FEDCAP AND ITS RELATED ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR RESPECTIVE EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THESE ORGANIZATIONS HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE THEIR FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH THEY HAVE NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. FEDCAP AND ITS RELATED ENTITIES HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 APEX SCHOOL STUDENT SUPPLIES 2028 0 419321 FMV MATERIALS AND SUPPLIES FOR STUDENTS DIXON CENTER EMERGENCY ASSISTANCE (CLIENT SUBSISTENCE & RECOVERY) 129 116202 0 NEEDS ASSISTANCE 1498 0 280516 FMV CLOTHING, FOOD, SUPPLIES, ETC. RESERVIST STIPEND 22 486462 0 STIPEND 2193 848864 0 PART III: THE FEDCAP GROUP IS COMMITTED TO EFFECTING LONG-TERM, SUSTAINABLE CHANGE AMONG THE POPULATIONS AND COMMUNITIES WE SERVE. FEDCAP REHABILITATION SERVICES, INC. IS AN INSTRUMENTAL PART OF EFFECTING THAT CHANGE. ITS PROGRAMS AND OPERATIONS BRING EDUCATION AND THE POWER OF WORK TO INDIVIDUALS WITH DISABILITIES, ADULTS WITH CONVICTION HISTORIES,VETERANS, AND MANY OTHERS FACING BARRIERS TO EMPLOYMENT. INDIVIDUAL GRANTS DO NOT REQUIRE CONTINUED MONITORING AS THE ORGANIZATION ONLY PROVIDES ASSISTANCE TO THOSE INDIVIDUALS WHO HAVE DEMONSTRATED A NEED (EITHER PUBLIC ASSISTANCE, EDUCATIONAL STIPENDS OR SOME OTHER FORM OF CARE). NO GIFTED FUNDS MAY BE USED FOR NON-ESSENTIAL PURPOSES AND MAY NOT BE SPENT ON DISCRETIONARY ITEMS THAT DO NOT SUPPORT AN INDIVIDUAL'S HEALTH AND WELFARE. X X X X 0 1 0 0 0 0 0 1 0 CHRISTINE MCMAHON PRESIDENT & CEO, FEDCAP GROUP 586943 0 0 0 0 0 158200 0 10758 0 755901 0 0 0 CAROL KHOURY CFO 251616 0 20000 0 0 0 24841 0 2352 0 298809 0 0 0 GRANT COLLINS SVP WORKFORCE DEV & EXE DIR 256392 0 0 0 0 0 6861 0 11321 0 274574 0 0 0 STEVEN COONS PRESIDENT, FEDCAP REHAB 261181 0 0 0 0 0 7131 0 2042 0 270354 0 0 0 JERRY FERDINAND ASSISTANT CHIEF ENGINEER 213865 0 0 0 0 0 0 0 70 0 213935 0 0 0 TAMMY MICKELSON CHIEF INFORMATION OFFICER 196553 0 0 0 0 0 5970 0 9924 0 212447 0 0 0 KENNETH BREZENOFF GEN. COUNSEL & VP STRAT. INIT. 199905 0 0 0 0 0 6000 0 2151 0 208056 0 0 0 JACQUELINE KOSLOSKI SENIOR DIRECTOR 126654 0 66666 0 0 0 4069 0 9204 0 206593 0 0 0 KRZYSZTOF BODZIUCH CHIEF ENGINEER 206256 0 0 0 0 0 0 0 136 0 206392 0 0 0 PART I, LINE 4B LINE 4B PRESIDENT/CEO, CHRISTINE MCMAHON PARTICIPATES IN FEDCAP'S SUPPLEMENTAL NONQUALIFIED SECTION 457(F) RETIREMENT PLAN. THE EMPLOYER CONTRIBUTION TO THE SECTION 457(F) PLAN IN CALENDAR YEAR 2021 WAS $130,000; THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. PART I, LINE 7 FEDCAP REHABILITATION SERVICES AWARDED A PERFORMANCE BASED BONUS TO THE CHIEF FINANCIAL OFFICER, CAROL KHOURY, FOR HER EXTRAORDINARY EFFORTS MANAGING THE ORGANIZATION'S MANY ACQUISITIONS AND ITS FINANCIAL OPERATIONS THROUGHOUT THE PANDEMIC. THE BONUS WAS APPROVED BY THE BOARD OF DIRECTORS AND MEMORIALIZED IN BOARD COMMITTEE MINUTES. IN ADDITION, JACQUELINE KOSLOSKI, SENIOR DIRECTOR, WAS AWARDED A CONTRACTUAL BONUS OF $60,000 FOR MEETING CERTAIN PRODUCTIVITY MILESTONES IN 2019 AND 2020 AND AN ADDITIONAL SMALL BONUS IN RECOGNITION OF EXTRA SERVICES SHE PROVIDED TO THE ORGANIZATION DURING A STAFFING SHORTAGE. A BUILD NYC RESOURCE CORPORATION 454040561 2013-12-11 18450000 FINANCE PURCHASE OF BUILDING SPACE 0 0 0 A 3610000 18450000 308000 369000 17720390 52610 2013 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART IV, LINE 2C: FEDCAP REHABILITATION SERVICES, INC. IS LOOKING TO SECURE AN ARBITAGE REBATE CALCULATION IN THE UPCOMING YEAR; IT DOES NOT ANTICIPATE HAVING ANY ARBITRAGE ON ITS EXISTING BOND. X 5 196363 FMV 0 0 1 FORM 990, PART III, LINE 1 OUR MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING. FEDCAP REHABILITATION SERVICES PROVIDES AN ARRAY OF SERVICES TO YOUTH AND ADULTS HELPING THOUSANDS EACH YEAR GRADUATE FROM HIGH SCHOOL, OBTAIN VOCATIONAL CERTIFICATION OR A COLLEGE DEGREE, BECOME WORK READY, OBTAIN MEANINGFUL EMPLOYMENT AND ACHIEVE LONG TERM ECONOMIC WELL-BEING. FOUNDED IN 1935 BY THREE VETERANS WITH PHYSICAL DISABILITIES WHO STRUGGLED TO FIND EMPLOYMENT, FEDCAP SERVES THOUSANDS OF PEOPLE ANNUALLY INCLUDING VETERANS, PEOPLE WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES, INDIVIDUALS WITH MENTAL HEALTH ISSUES, ADULTS WHO'VE BEEN IN PRISON, AND DISCONNECTED YOUTH AGING OUT OF FOSTER CARE AND JUVENILE JUSTICE SYSTEMS. EACH YEAR, FEDCAP OFFERS AN ARRAY OF SERVICES THROUGH ITS FOUR PRACTICE AREAS EDUCATION, WORKFORCE DEVELOPMENT, OCCUPATIONAL HEALTH, AND ECONOMIC DEVELOPMENT-HELPING MORE THAN 80,000 INDIVIDUALS GRADUATE FROM HIGH SCHOOL, OBTAIN VOCATIONAL CERTIFICATION OR A COLLEGE DEGREE, BECOME WORK READY, OBTAIN MEANINGFUL EMPLOYMENT AND ACHIEVE ECONOMIC WELL-BEING. THE FEDCAP GROUP'S WORK IS STRUCTURED ACROSS FOUR PRACTICE AREAS - EDUCATION, OCCUPATIONAL HEALTH, WORKFORCE DEVELOPMENT AND ECONOMIC DEVELOPMENT. EACH PRACTICE AREA IS OVERSEEN BY A SENIOR VICE PRESIDENT (SVP) WITH NATIONAL EXPERIENCE AND EXPERTISE IN THEIR AREA OF FOCUS. THE WORK IS DELIVERED THROUGH AGENCIES MANAGED BY LEADERS WITH SIGNIFICANT LOCAL KNOWLEDGE AND EXTENSIVE OPERATIONAL EXPERIENCE AND SKILLS. THROUGH THIS MATRIX STRUCTURE, THE FEDCAP GROUP ALIGNS ITS WORK ACROSS DIVERSE SYSTEMS AND FUNDING SOURCES FOR GREATER IMPACT. THE EFFORTS OF EACH PRACTICE AREA ARE SUPPORTED BY THE COMMUNITY IMPACT INSTITUTE - THE FEDCAP GROUP'S DISCOVERY AND RESEARCH ARM. FORM 990, PART III, LINE 4A ECONOMIC DEVELOPMENT HISTORICALLY, THE FEDCAP GROUP HAS FOSTERED JOB CREATION FOR PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING THROUGH THE DEVELOPMENT AND OPERATION OF SOCIAL BUSINESS VENTURES. THE FEDCAP GROUP CURRENTLY EMPLOYS APPROXIMATELY 1,000 INDIVIDUALS IN BUSINESSES WITH TOTAL ANNUAL REVENUES OF OVER $90 MILLION. THE FEDCAP GROUP IS NOW LOOKING TO EXPAND ITS WORK IN ECONOMIC DEVELOPMENT WITH THE ADDITION OF INVESTMENT CAPACITY ALIGNED WITH ITS HOLISTIC OFFERINGS IN THE TALENT DEVELOPMENT ARENA. FORM 990, PART III, LINE 4B EDUCATIONAL DEVELOPMENT IN THE EDUCATION PRACTICE AREA, THE FEDCAP GROUP HAS DEVELOPED PROPRIETARY WEB-BASED TOOLS THAT HELP CHILDREN, YOUTH AND ADULTS STAY IN SCHOOL, GRADUATE HIGH SCHOOL AND COMPLETE COLLEGE. IT ALSO PROVIDES STATE-OF-THE-ART EDUCATION IN VARIOUS TRADES THROUGH ITS CAREER DESIGN SCHOOLS, LOCATED IN NEW YORK CITY AND BOSTON, AND OPERATES OTHER PRESCHOOLS AND SPECIAL EDUCATION SCHOOLS IN NEW JERSEY, NEW YORK, RHODE ISLAND AND TEXAS THAT TARGET PARTICULAR POPULATIONS AND/OR BARRIERS. FORM 990, PART III, LINE 4C WORKFORCE DEVELOPMENT THE WORKFORCE DEVELOPMENT PRACTICE AREA WORKS IN CLOSE PARTNERSHIP WITH BUSINESS TO CREATE CUSTOMIZED, EMPLOYER-BASED TRAINING DESIGNED TO DEVELOP THE SKILLS AND CHARACTERISTICS EMPLOYERS REQUIRE. THE FEDCAP GROUP'S WORKFORCE DEVELOPMENT PROVIDES HARD SKILLS TRAINING EITHER DIRECTLY BY HIRING ITS OWN SKILLS-BASED TRAINING PROVIDERS OR INDIRECTLY, BY ORGANIZING LOCAL PROVIDERS -INCLUDING COMMUNITY COLLEGES - TO CREATE MODULAR INDUSTRY-RECOGNIZED CREDENTIALS. THROUGH THIS EMPLOYER-BASED TRAINING, DIAGNOSTIC VOCATIONAL EVALUATIONS, WORK READINESS PREPARATION, RAPID JOB PLACEMENT AND POST-PLACEMENT SUPPORTS, THE FEDCAP GROUP'S WORKFORCE DEVELOPMENT TEAM EFFECTIVELY BUILDS RELATIONSHIPS AND PARTNERSHIPS THAT ALIGN EMPLOYERS' NEEDS WITH THE NEEDS OF WORKERS SEEKING OPPORTUNITIES. FORM 990, PART VI, SECTION A, LINE 6 FEDCAP REHABILITATION SERVICES, INC. SOLE MEMBER IS THE FEDCAP GROUP, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S BYLAWS RESERVE THE POWER TO THE SOLE MEMBER TO APPOINT, REPLACE OR REMOVE THE BOARD OF DIRECTORS (FOR ANY REASON AT ANY TIME). FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTS OF THE ORGANIZATION MUST ALSO BE APPROVED BY AFFIRMATIVE VOTE OF 2/3 OF THE BOARD MEMBERS OF THE SOLE MEMBER, INCLUDING, THE POWER TO: - AMEND, RESTATE, OR REVOKE ITS CERTIFICATE OF INCORPORATION OR ITS BYLAWS; - PERMIT OR APPROVE ITS MERGER OR CONSOLIDATION WITH OR INTO ANY OTHER ENTITY OR PERMIT OR APPROVE ITS CONVERSION INTO ANOTHER FORM OF ENTITY; - ADOPT A BUDGET OR MAKE A MATERIAL CHANGE TO AN EXISTING BUDGET; - DIVEST ITSELF OF ANY LINE OF BUSINESS, OR ANY OTHER BUSINESS ENTITY, OWNED OR CONTROLLED BY IT; - PERMIT OR APPROVE THE FILING BY IT OF A PETITION FOR BANKRUPTCY OR THE APPOINTMENT BY IT OF A RECEIVER OR COMMENCEMENT OF ANY OTHER INSOLVENCY OR REORGANIZATION PROCEEDING INVOLVING IT OR ANY OF ITS ASSETS; - PERMIT OR APPROVE ITS ENTERING INTO OF ANY GUARANTY OR SURETY ARRANGEMENT FOR THE BENEFIT OF ANY OTHER ENTITY; - PERMIT OR APPROVE THE SALE OF ALL OR SUBSTANTIALLY ALL OR ANY MATERIAL PART OF ITS ASSETS; - COMMENCE A LAWSUIT OR OTHER LEGAL PROCEEDING AGAINST ANY PERSON; - ADMIT A NEW MEMBER; - PERMIT OR APPROVE THE ACQUISITION OF ANY BUSINESS OR ENTITY; (M) PERMIT OR APPROVE THE INCURRING OF ANY INDEBTEDNESS FOR BORROWED MONEY; OR - LEASE, SUBLEASE, ACQUIRE, SELL OR OTHERWISE ENGAGE IN A REAL PROPERTY TRANSACTION FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH FEDCAP'S FINANCIAL DEPARTMENT. THE FORM 990 WAS REVIEWED BY SENIOR MANAGEMENT AND DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT BEFORE IT WAS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. A FULL COPY OF THE 990 WAS PROVIDED TO THE FULL BOARD BEFORE FILING FOR THEIR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C FEDCAP HAS IMPLEMENTED A ROBUST CONFLICT OF INTEREST AND PECUNIARY BENEFIT TRANSACTION POLICY THAT REQUIRES ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO EXERCISE PRUDENCE AND AN UNBENDING DUTY OF LOYALTY WHEN ADMINISTERING TO THE AFFAIRS OF THE ORGANIZATION. EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO AFFIRM ANNUALLY THAT HE OR SHE DOES NOT HAVE A CONFLICT OF INTEREST WITH THE ORGANIZATION BY COMPLETING AN ANNUAL QUESTIONNAIRE DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. TRANSACTIONS WITH RELATED PARTIES MAY ONLY BE UNDERTAKEN IF THE INDIVIDUAL: 1. FULLY DISCLOSES THE TRANSACTION 2. THE OFFICER, DIRECTOR OR KEY EMPLOYEE RECUSED HIM OR HERSELF FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION. 3. THE BOARD HAS DETERMINED, BY AFFIRMATIVE VOTE OF ALL DISINTERESTED DIRECTORS, THAT THE TRANSACTION IS IN THE BEST INTEREST OF FEDCAP REHABILITATION SERVICES, INC. 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. FORM 990, PART VI, SECTION B, LINE 15 FEDCAP UNDERTAKES A THOROUGH PROCESS ANNUALLY 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 CONDUCTS 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. FORM 990, PART VI, SECTION C, LINE 19 FEDCAP MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS, LIKEWISE, PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. FEDCAP'S ANNUAL REPORT ANDFINANCIAL STATEMENTS ARE AVAILABLE AT WWW.FEDCAP.ORG. FEDCAP'S CONFLICT OF INTEREST POLICY, CODE OF ETHICS AND WHISTLEBLOWER POLICIES ARE AVAILABLE, AS WELL AS ITS GOVERNING DOCUMENTS, ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART VII THE FEDCAP GROUP'S LEADERSHIP TEAM OF CHRISTINE MCMAHON, PRESIDENT & CEO, CAROL KHOURY, CFO, AND KENNETH BREZENOFF, GENERAL COUNSEL, OVERSEE THE OPERATIONS AND DIRECTION OF ALL ENTITIES WITHIN THE FEDCAP NETWORK. THE COMPENSATION REFLECTED ON THE 990 REPRESENTS PAYMENT FOR SERVICES RENDERED TO ALL ORGANIZATIONS, AND RECOGNIZES THAT EACH RECEIVES THEIR W-2 FROM FEDCAP REHABILITATION SERVICES, INC. THE 40 HOURS REFLECTED ON THE FORM 990 REPRESENT A TYPICAL WORKWEEK, BUT THERE HAS BEEN NO FORMAL ALLOCATION OF THEIR TIME AMONG THE VARIOUS ENTITIES; ACCORDINGLY, THE 990 REPRESENTS 40 HOURS OF SERVICE TO FEDCAP REHAB AND 1 HOUR FOR RELATED ORGANIZATIONS SIMPLY TO ALIGN WITH THE 990 REPORTING REQUIREMENTS. A MORE DETAILED BREAKDOWN OF THEIR HOURLY SERVICE IS NOT AVAILABLE AT THIS TIME. 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