Fedcap Inc

“Fedcap inc.'s sole member is the fedcap group, inc.”

“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).”

“Fedcap inc.'s bylaws reserves the following powers to its sole member, fedcap group, inc.: - amend the certificate of incorporation or bylaws, - approve a merger or consolidation with or into another entity, - adopt a budget or make a material change to a budget, - divest itself of any line of business, - file for bankruptcy, - permit or approve its entering into any guaranty or surety arrangement, - consent to the entry of a judgment against it, - approve the sale of a material part of its assets, - commence a lawsuit, - admit a new member, - approve the acquisition of any entity, - permit the incurring of any indebtedness for borrowed money.”

“The form 990 was prepared by an independent accounting firm in conjunction with fedcap's financial department. The form 990 is reviewed by senior management and a full copy is distributed to the board of directors prior to its filing with the internal revenue service.”

“Fedcap, inc. Follows fedcap's conflict of interest policy. The conflict of interest policy is signed by appropriate fedcap employees annually. 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. Form 990, part vi, section b, line 13 & 14: fedcap, inc. Operates under the whistleblower and document retention policy of its parent organization, the fedcap group, inc.”

“Fedcap, inc. Does not compensate any of the officers reported on the form 990; that compensation is paid by fedcap rehabilitation services, inc. (an affiliated organization). The process that fedcap undertakes to determine compensation is as follows: 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.”

“Fedcap, inc. 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. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“Fedcap inc. Has designed a comprehensive solution to the development of a skilled workforce, a win-win for businesses and employees alike. With an understanding of economic and labor market trends, we are ahead of the curve in providing trained, "ready to work" talent. - short term job training resulting in modular and stackable credentials in high growth sectors - employer based training customized for specific jobs - soft skills training ensuring individuals "ready to work" on day one - case management and post placement/retention supports as indicated. We also assist companies with tax credits associated with their hiring strategies and may be able to temporarily subsidize wages with third-party funding sources. Fedcap inc. Partners with over 6,000 businesses, meeting critical staffing needs for employers while assisting thousands of people with barriers to economic well-being change the course of their lives.”

“Fedcap, inc. Provides a suite of vocational and developmental services to a multitude of individuals in need. Fedcap, inc. Has tested a series of interventions that are effective in helping even the most challenged individual, find and retain meaningful employment with career ladders. Fedcap, inc. Provides the following services: 1. Vocational assessment: our career essentials evaluation helps provide clear employment goals through the identification of employment preferences, interests, and aptitudes. 2. Comprehensive service plan (csp): our comprehensive service plan sets forth the participant's steps toward employment, including addressing any identified barriers through collaboratively-developed, specific, measurable, achievable, and realistic goals. 3. Job readiness training: our proprietary power of possible job readiness curriculum provides tools and strategies that consistently transform our participants' ability to obtain employment through workshops including resume preparation, self-esteem building, job search techniques and resources, interviewing techniques, and networking opportunities. 4. Job development: our highly skilled staff engage business and source jobs in high-growth sectors, matching the identified strengths of our participants with employment opportunities in their communities. 5. Job retention: our job is not over when a participant becomes employed. We continue to provide participants with access to a full range of transitional support services once employed, to ensure new or existing barriers are addressed, including rapid job re-placement if needed. Our programs serve the following populations: a. People with job readiness and employment needs b. People with criminal justice involvement c. People with housing needs d. People with developmental disabilities e. People with substance abuse disorders”

“The fedcap group provides certain corporate services such as finance, human resources, payroll, legal and information technology, to its affiliated organizations. These services are reimbursed at cost; in fiscal 2023, fedcap, inc. Reimbursed $2,963,175 to the fedcap group for these corporate services.”