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The Fedcap Group Releases First Half Fiscal Year 2025 Operating and Financial Results

The Fedcap Group Releases First Half Fiscal Year 2025 Operating and Financial Results

9% Growth in Population Served Underscores Programmatic Expansion and Impact

First Half Results Reflect Year-on-Year Revenue Growth and Strong Financial Position Diversified Portfolio Strengthens Resilience and Expands Growth Opportunities

New York, NY (May 20, 2025) – The Fedcap Group announced its first half fiscal 2025 operational and financial results, ended March 31, 2025.

Commenting on the results, Christine McMahon, President and CEO of The Fedcap Group noted, “In the first half of 2025, we executed well, significantly increasing the number of individuals we served, growing our revenue base and continuing to diversify our services portfolio and geographic reach. These accomplishments have strengthened our financial position and provided additional resilience as we navigate dynamic business conditions.

“Over the past six months, we’ve advanced several key initiatives through unprecedented collaboration across the Fedcap network as part of our revenue diversification strategy. These include the international launch of Apex Technical School’s Clean Energy Training Center in the United Kingdom; the rapid organic growth of programs such as  the Teaching the Autism Community Trades program in Colorado, which has doubled in size; the establishment of new international markets, including Fedcap Australia; and the acquisition of ELITE Supported Employment, a Scotland-based Total Facilities Management company—marking our first international TFM expansion.

“Additionally, we have been scaling our scaling fee-for-service programs and expanding our SAS product offerings.”

Operational Highlights, Domestic and International 

The Fedcap Group operates across four key practice areas—education, workforce development, health, and economic development—through 29 nonprofit subsidiaries in 111 locations across the United States, Canada, and the United Kingdom. In the first half of fiscal 2025, The Fedcap Group served over 159,739 individuals, marking a 9.2% increase from the previous year.

Education 

The Education Practice, representing 18% of total revenue, continued its strong growth. In the first half of Fiscal Year 2025, enrollment reached 3,405 students—a 55% increase from the same period last year. The practice expanded through strategic acquisitions, international growth, and new program development. Fedcap launched the Apex Clean Energy Training Center in the United Kingdom—its first international education initiative—and fully operationalized the Teaching the Autism Community Trades School in Colorado, now designated as the state’s first-ever Specialized Day School. These additions bring the education portfolio to 22 programs across five states and one international location. Fedcap’s education outcomes continue to exceed industry standards, with 83% student retention, 83% completion rates, and a 76% job placement rate.

Workforce Development 

As the largest practice area—accounting for 40% of total revenue—the Workforce Development Practice continued its strong momentum in the first half of FY25. A total of 13,207 individuals were placed into jobs, reflecting a 6% increase from 2024. The Workforce Practice’s job retention outcomes remain strong, with 88% of individuals retaining employment at 30 days, 82% at 90 days, and 78% at 180 days. Internationally, Fedcap Canada launched a Center of Excellence for Employability to expand evidence-based workforce strategies, while in the U.K., our Inspiring Futures program was renewed after demonstrating strong results in helping individuals with disabilities and health conditions secure employment.

Health  

The Health Practice, representing 6% of total revenue, continues to demonstrate strong performance and innovation, particularly through the expansion of Single Stop and mental health initiatives. More than 29,000 individuals were screened for benefits through Single Stop, resulting in an average household benefit of $22,483. Fedcap also provided wellness services to 23,717 individuals, maintaining stable service levels year-over-year. Single Stop partnered with Upswing to bring AI-driven basic needs and emergency support to marginalized and non-traditional students. Moreover, the Health Practice secured NYC Council funding to sustain the Chelton Loft clubhouse after budget cuts and expanded its UK mental health footprint via a new contract with Surrey County Council to deliver employment support through the WorkWell initiative.

Economic Development 

Contributing 37% of total revenue, 1,060 individuals were directly employed by a company of The Fedcap Group at an average salary of $42,550—30% higher than an annual $15/hour wage. There has been a significant increase in retirement assets for Fedcap’s direct client service workers, growing from $8.4 million in 2010 to $157.2 million in 2025. Key milestones included Fedcap’s first international TFM acquisition—Scotland-based ELITE Supported Employment—the launch of business printing services, and the acquisition of Runway of Dreams and GAMUT Management to expand disability inclusion in the fashion and lifestyle sectors. Fedcap also invested $125K with the Brooklyn Chamber’s CDFI, co-funding its first loan to a local food business.

First-Half FY2025 Financial Results

For the first half of FY2025, The Fedcap Group reported total revenue of $188.2 million, representing year-over-year growth of 2.6%. The organization remains on track to meet its full-year revenue projection of $379 million for fiscal 2025. As of March 31, 2025, The Fedcap Group reported $35.3 million in cash and investments, $389.1 million in total assets, and $146.5 million in long-term debt. Net assets grew to $99.1 million from $98.5 million from 2024, more than doubling from FY2021 and nearly tripling since FY2020.

Fedcap’s business development pipeline was robust at the end of the first half, with a qualified pipeline of $287.5 million and $2.74 billion in prospects under development. The organization continues to perform well on contract retention and growth, achieving a 97%-win rate on recompetes and 21%-win rate on new business. Regionally, the U.S. represents the largest share of the pipeline at $234.3 million, with notable growth in Australia ($20 million) and the U.K. ($10.3 million).

As part of our long-term strategy to strengthen organizational resilience, Fedcap has been rebalancing its revenue portfolio. In the first half, 14% of total revenue was derived from fee-for-service programs. Based on the growth trajectory of existing initiatives and pipeline performance, Fedcap anticipates that fee-for-service contracts will increase to 20–25% of revenue by the end of FY2025, positioning the organization for greater stability and adaptability in the face of economic and policy shifts.

Outlook

“Looking ahead to the remainder of fiscal 2025 and beyond, our strategic investments position The Fedcap Group to deliver positive results, as we continue to navigate the current political and economic environment. We executed well in the first half of 2025, our pipeline of new business opportunities remains diverse and robust, and we continue to innovate across our portfolio of services.

“As we enter the second half of the fiscal year, we remain focused on extending our impact, while ensuring long-term sustainability. Through continued organic expansion, targeted acquisitions, and an unwavering commitment to our mission, The Fedcap Group is well-positioned to navigate today’s dynamic business conditions and deliver lasting outcomes for individuals and communities across our global footprint,” concluded McMahon.

About The Fedcap Group

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development. The Fedcap Group also invests its time and resources in broader system change—working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit www.fedcapgroup.org.

Contact: Jim Malatras, 212-727-4200, (JMalatras@fedcap.org)

The Fedcap Group Financial Statements

 
 
 
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Fedcap and Runway of Dreams Combine to Transform the Fashion, Beauty, and Lifestyle Industries to Better Serve and Reflect the Needs of People with Disabilities

Fedcap and Runway of Dreams Combine to Transform the Fashion, Beauty, and Lifestyle Industries to Better Serve and Reflect the Needs of People with Disabilities

NEW YORK, NY— The Fedcap Group today acquired the Runway of Dreams Foundation and its subsidiary, GAMUT Management to expand efforts in making the fashion, beauty, and lifestyle industries more inclusive and responsive to the needs of people with disabilities. The partnership brings together Fedcap’s global reach on economic empowerment particularly individuals with disabilities with Runway of Dreams/GAMUT’s specializing in Adaptive fashion and disability-focused talent development, with the goal reshaping the industries to better reflect and serve people of all abilities.

“This is more than a combination of organizations—it’s a merging of missions in important industries with enormous potential for people with disabilities,” said Christine McMahon, President and CEO of The Fedcap Group. “For 90 years, Fedcap has worked to lift people up by breaking down barriers to economic opportunity and mobility. By aligning with Runway of Dreams and GAMUT, we are expanding our impact into the fashion, beauty, and lifestyle sectors—industries that are increasingly recognizing the importance of inclusive design and representation. Together, we will broaden education and workforce pipelines, accelerate adoption of Adaptive apparel, and create sustainable, global opportunities for people with disabilities.”

Founded in 2014 by Mindy Scheier, the Runway of Dreams Foundation has been at the forefront of the inclusive fashion movement—championing Adaptive apparel and partnering with leading brands to design functional, stylish clothing that empowers individuals with disabilities. Its subsidiary, GAMUT Management, provides consulting, talent representation, and accreditation services to companies seeking authentic, impactful engagement with the disability community.

“This is a monumental next chapter for Runway of Dreams and GAMUT Management,” said Mindy Scheier, the founder of both organizations. “With Fedcap’s powerful network and global reach, we have an opportunity to redefine the marketplace—ensuring that people with disabilities are not just included, but recognized as a vital force in the economy. Together, we will drive forward a movement that makes disability inclusion a business imperative, where accessibility, representation, and innovation create a world that serves everyone.”

“Easterseals is excited with the acquisition of Runway of Dreams and GAMUT Management by The Fedcap Group, a valued member of Easterseals’ national network of 70 Affiliates,” said Kendra Davenport, President and Chief Executive Officer of Easterseals. “Easterseals’ commitment to empowering people with disabilities so they can lead full lives is certainly epitomized in this acquisition, as is our vision of a world in which people with disabilities are valued and respected as full participants in society.”

As part of the collaboration, The Fedcap Group will work with Runway of Dreams to expand education and training programs that equip both students with or without disabilities with the skills to lead inclusive design, marketing, and merchandising efforts. New initiatives will aim to prepare the next generation of industry professionals to fully embrace adaptive fashion and accessible business practices, creating a more equitable future for all.

Through this combination, The Fedcap Group—with its international footprint spanning 20 U.S. states, the UK, and Canada—will help scale Runway of Dreams’ programs, bring GAMUT’s consulting and accreditation services to new markets, and ensure that disability inclusion becomes a standard across the fashion, beauty, and entertainment sectors.

About The Fedcap Group

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development. The Fedcap Group also invests its time and resources in broader system change—working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit www.fedcapgroup.org.

About Runway of Dreams Foundation

RoDF is a public charity that is empowering people with disabilities to have confidence and self-expression through inclusion in fashion and beauty. RoDF advocates for everybody to have access to fashion and beauty by celebrating and encouraging innovation that is exciting and empowering. RoDF raises awareness through large-scale runway shows, campaigns for inclusion, educational programs that inspire and develop the next generation of design innovators and marketing leaders; and advocates on the need and necessity of inclusion through resources and thought-provoking panels.

About GAMUT Management

GAMUT Management is a trailblazing consulting, talent, and accreditation company exclusively working with and for people with disabilities. GAMUT partners with companies to find authentic ways to engage with, create products for, and represent people with disabilities. It is also a disruptive talent management company with expertise in properly casting, managing, and developing talent with disabilities exclusively. With these offerings and the GAMUT Seal of Approval™, GAMUT is changing the landscape of disability inclusion. GAMUT Management was founded in 2019 by Mindy Scheier – a fashion designer, mom of a son with a disability, and the pioneer behind the inclusive fashion movement.

Contact:

Jim Malatras, 212-727-4200, JMalatras@fedcap.org

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Fedcap and UK’s ELITE Supported Employment Announce Strategic Combination to Expand Employment Opportunities for Individuals with Disabilities

Fedcap and UK’s ELITE Supported Employment Announce Strategic Combination to Expand Employment Opportunities for Individuals with Disabilities

Llantrisant, UK– ELITE Supported Employment, a respected and trusted Welsh charity, has joined forces with leading not-for-profit organization Fedcap to expand its mission to help even more people into sustainable work across the country.

This partnership brings together ELITE’s deep local roots, specialist knowledge, and trusted relationships with Fedcap’s decades-long expertise in sustainable employment—particularly for individuals with disabilities and underserved communities—along with its established infrastructure and geographic reach, creating new opportunities for ELITE to grow and expand its impact.

With more than 30 years of experience, ELITE has worked tirelessly to enable more than 20,000 disabled people and individuals with barriers to work to access and sustain meaningful employment. Through its award-winning social enterprises operating across South Mid and West Wales, ELITE creates pathways into work by providing tailored supported employment, training and advocacy. It is recognized for its holistic approach, empowering individuals to thrive in the workplace.

“The partnership with ELITE aligns perfectly with Fedcap’s mission of empowering individuals facing barriers, especially individuals with disabilities, to work and achieve economic mobility,” said Christine McMahon, President and CEO of Fedcap. “By combining our strengths, we will be able to innovate, scale, and deliver a greater impact for individuals who too often remain excluded from the workforce.”

“ELITE has been committed to building a world where disability is never a barrier to work. By joining forces with Fedcap, we’re gaining a partner that shares our values and extends our reach, helping us expand our impact,” said Andrea Wayman, Chief Executive Officer of ELITE.  “As a charity, we’re proud to support local authorities, Welsh Government, and other partners in designing services that work for local people facing barriers to employment. Combining with Fedcap strengthens that position—bringing us added expertise and scale, while keeping our identity, values, and local connections at the heart of what we do.”

ELITE will retain its charitable status, leadership, and strong Welsh identity, ensuring it continues to serve communities in the way that has made it so valued. The partnership will enable ELITE to expand its current services across more regions, pilot new programs aimed at supporting individuals with autism, mental health conditions, and complex disabilities, and benefit from Fedcap’s operational infrastructure and best-in-class program models.

Through this combination, ELITE will maintain its brand, leadership, and deep community roots while gaining access to broader resources and new opportunities for growth and sustainability.

 “We’re delighted to be working alongside ELITE Supported Employment, an organization with an outstanding reputation and deep commitment to supporting people with disabilities into meaningful work,” said Brian Bell, President of Fedcap Employment. “There’s a natural synergy between our charities as we’re both embedded in the communities we serve and put people at the center of what we do. Together, ELITE and Fedcap will offer more opportunities for people in Wales who face the greatest barriers to work – and help employers across the country access this untapped talent.”

About The Fedcap Group

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development. The Fedcap Group also invests its time and resources in broader system change—working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit www.fedcapgroup.org

About Fedcap UK

Fedcap UK is a leading provider of services designed to help individuals overcome barriers to employment and achieve sustainable career success across the United Kingdom. As part of The Fedcap Group, Fedcap UK delivers innovative programs that address unemployment, skill development, and social inclusion. Working in partnership with local governments, employers, and community organizations, Fedcap UK offers personalized support, vocational training, and job placement services to individuals from all walks of life. With a commitment to creating economic opportunities and fostering long-term positive impact, Fedcap UK is dedicated to building stronger communities and transforming lives across the United Kingdom. For more information, visit www.fedcap.org.uk.

About ELITE Supported Employment

ELITE Supported Employment is a UK-based charity established in 1994 with the mission to support disabled and disadvantaged individuals to access, obtain, and maintain employment and training opportunities. ELITE works across a range of sectors to ensure that people of all abilities have the opportunity to thrive in the workplace. The organization delivers individualized employment support, employer engagement, training, and advocacy to promote equality, inclusion, and diversity in the labor market. For more information, visit www.elitesea.co.uk

Contact:

Jim Malatras, 212-727-4200, JMalatras@fedcap.org

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Fedcap’s Single Stop Benefits Screening and Case Management Platform Attains TX-RAMP Certification

Fedcap’s Single Stop Benefits Screening and Case Management Platform Attains TX-RAMP Certification

Certification Underscores Commitment to Data Security Protocols and Standards

NEW YORK, Feb.11, 2025 – The Fedcap Group is proud to announce that Single Stop, the leading technology platform dedicated to connecting individuals and families with eligible benefits, case management, and wrap-around support, has successfully achieved a Level 2 certification under the Texas Risk and Authorization Management Program (TX-RAMP).  

TX-RAMP, a program of the Texas Department of Information Resources, provides a standardized framework for security assessment, certification, and continuous monitoring of cloud computing services that process the data of Texas state agencies. Achieving TX-RAMP Level 2 certifies Single Stop’s compliance with Texas state regulations on data handling and privacy within cloud environments. 

“The Fedcap Group is dedicated to delivering solutions that empower individuals by connecting them to essential resources while simultaneously safeguarding their privacy and security,” said Christine McMahon, President and CEO of The Fedcap Group. “This certification underscores our continued investment in enhancing both the effectiveness and security of Single Stop’s platform.”  

Steven Williams, CEO of Single Stop, added, “Achieving TX-RAMP certification reflects our steadfast dedication to making Single Stop accessible, effective, and secure for all users. This milestone underscores our commitment to delivering a platform that protects sensitive information and supports the needs of those we serve.” 

TX-RAMP certification further enhances Single Stop’s reputation for upholding rigorous data security and privacy standards. It also builds on the organization’s recent completion of the System and Organization Controls (SOC) 2 Type II audit, and its prior ISO 27001 certification, reinforcing Single Stop’s position as a trusted leader in cloud-based services. 

For more information about Single Stop and its services, please visit www.singlestop.org. 

About Single Stop 

A nonprofit organization founded in 2007, Single Stop’s mission is to equip others to build pathways to an economically sustainable future by leveraging partnerships and technology to connect people to valuable resources. By combining their community networks and cutting-edge technology, Single Stop’s unique one-stop-shop model helps organizations provide their clients with centralized access to tools essential for building a pathway to a sustainable future. 

Single Stop is a company of The Fedcap Group. Since 1935, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The work of The Fedcap Group is structured within four major areas of practice—workforce development, educational services, health services, and economic development— and delivered through a growing number of top-tier companies—each focused on helping people achieve long-term economic well-being. 

About The Fedcap Group 

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to address some of society’s most pressing needs through four core practice areas: education, workforce development, health, and economic development. The Fedcap Group provides educational services for all age groups, vocational training, and job placement in high-growth industries, as well as support services such as behavioral health care—all aimed at helping individuals achieve economic mobility and long-term self-sufficiency. The Fedcap Group also invests its time and resources in broader systemic change by partnering with federal, state, and local governments to improve the design, funding, and delivery of services. 

Contact: 

Jim Malatras, 212-727-4200, (JMalatras@fedcap.org) 

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Fedcap Launches the Apex Clean Energy Training Center in the United Kingdom

Fedcap Launches the Apex Clean Energy Training Center in the United Kingdom

Aligned with the UK’s Office of Clean Energy Jobs, Program Equips Job Seekers with the Skills Needed to Excel in the Fast-Growing UK Solar Industry

Basingstoke, UK–Fedcap, a global leader in advancing economic mobility for communities facing barriers, launched the Apex Clean Energy Training Center in the United Kingdom. This initiative marks the first international expansion of Fedcap’s Apex Technical School, a leading provider of high-demand vocational training programs in the United States.  

Starting today, the Center’s first program is a comprehensive 12-week industry-led course designed to prepare individuals for careers in solar photovoltaics installation and operations, with no prior experience required. Learners will engage in hands-on technical training, develop employability skills, and earn accredited certifications, equipping them with the knowledge and experience needed to succeed in this rapidly growing industry.

“The launch of the Apex Clean Energy Training Center in the United Kingdom represents a pivotal moment for Fedcap as we bring high-quality clean energy programs to the UK,” said Christine McMahon, President and CEO of The Fedcap Group. “We are equipping individuals with the skills to thrive in in-demand sustainable energy careers while creating economic opportunities for families and communities across the UK.” 

This program is the first in Fedcap UK’s suite of clean energy career initiatives to meet the priorities set out by the UK’s Office for Clean Energy Jobs, addressing the critical skills gap and enabling individuals to access sustainable, high-quality careers. The Apex Clean Energy Training Center is Fedcap’s first initiative in the UK education sector and part of a broader effort to build a robust education practice in the region. By collaborating with local employers and leveraging its vast expertise, Fedcap aims to meet the growing demand for skilled professionals in the clean energy sector.

“Fedcap UK is excited to expand its programming with the launch of the Apex Clean Energy Training Center—representing the next step in our mission to create pathways to economic mobility in the UK,” said Brian Bell, Lead of Fedcap UK. “This program aligns closely with the priorities set out by the Office for Clean Energy Jobs, exemplifying our commitment to providing tangible education and workforce solutions that meet the needs of job seekers and employers alike.”

The first solar installation cohort, which started today, includes over 20 participants from Hampshire, Berkshire, and Surrey, who will gain practical skills and work directly with industry professionals. This program builds upon Apex’s proven success in the United States, where over 75% of graduates secure employment upon program completion.

“This is a milestone for Apex Technical School and a testament to the power of expanding our proven training models internationally,” said Steve Markowitz, President of Apex Technical School. “For more than 60 years Apex has been teaching high-quality vocational programs that lead to sustainable, well-paying jobs. By bringing our clean energy training expertise to the UK, and by partnering with Fedcap UK, we are helping individuals develop life-changing skills and empowering them to thrive in an industry that’s crucial for driving the clean energy economy.”

About The Fedcap Group

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development. The Fedcap Group also invests its time and resources in broader system change—working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit https://fedcapgroup.org. 

About Fedcap UK

Fedcap UK is a leading provider of services designed to help individuals overcome barriers to employment and achieve sustainable career success across the United Kingdom. As part of The Fedcap Group, Fedcap UK delivers innovative programs that address unemployment, skill development, and social inclusion. Working in partnership with local governments, employers, and community organizations, Fedcap UK offers personalized support, vocational training, and job placement services to individuals from all walks of life. With a commitment to creating economic opportunities and fostering long-term positive impact, Fedcap UK is dedicated to building stronger communities and transforming lives across the United Kingdom. For more information, visit https://fedcap.org.uk. 

About Apex Technical School

Apex Technical School, part of The Fedcap Group, is a leading vocational training institution dedicated to equipping individuals with the skills and certifications needed for high-demand careers. With over 60 years of experience, Apex offers hands-on training in fields such as electrical and advanced solar installation, plumbing, welding, HVAC, automotive service, and more. Apex’s programs are designed to prepare students for real-world challenges, ensuring they enter the workforce with confidence and expertise. Committed to transforming lives through education, Apex empowers individuals from diverse backgrounds to achieve economic independence and career success. For more information, visit https://apexschool.com. 

Contact:

Jim Malatras, 212-727-4200, JMalatras@fedcap.org

For UK media inquiries contact Neal Smith, 07936 030129, neal.smith@fedcap.org.uk

 

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Fedcap Canada and IEP Launch the Centre of Excellence for Employability

Fedcap Canada and IEP Launch the Centre of Excellence for Employability

Centre Will Drive Research in Employability Solutions Across Canada

Toronto, Canada – Today, The Fedcap Group announced that Fedcap Canada and the Institute of Employability Professionals have launched the Centre of Excellence for Employability. This partnership is set to transform the employability landscape across Canada by fostering innovation, engaging stakeholders, and implementing evidence-based practices to create sustainable employment opportunities for jobseekers. The Centre is designed to translate strategic vision into impactful, on-the-ground delivery practices that raise the standard of employability services for funders, policymakers, partners, and stakeholders.

The Centre of Excellence will draw on the global expertise of IEP’s existing Centres of Excellence in the United Kingdom and Australia as well as Fedcap’s Community Impact Policy Institute. By sharing lessons learned, the Canadian Centre will strengthen its ability to develop and implement forward-thinking programs that deliver meaningful results. To support this mission, the Centre will lead research that produces quarterly reports, sharing valuable insights, successes, and lessons learned which will be disseminated to a broad group of stakeholders, fostering continuous improvement and innovation.

“The new Centre of Excellence for Employability is a reflection of our commitment to breaking down barriers to employment and empowering individuals to achieve economic well-being,” said Christine McMahon, President and CEO of The Fedcap Group. “By collaborating with Fedcap’s Community Impact Policy Institute, leveraging global best practices, and engaging with stakeholders, we are confident this initiative will drive systemic change and deliver sustainable outcomes for jobseekers across Canada and beyond.” 

“This partnership between IEP and Fedcap Canada underscores the critical link between strategic leadership and practical execution,” said Scott Parkin FIEP, Group CEO of the Institute of Employability Professionals. “The Centre of Excellence will serve as a platform to develop and share solutions that benefit jobseekers, employers, and policymakers, driving continuous improvement across the sector.”

“This Centre is a game-changer for the employability services community,” said Shanthi Rajaratnam, Vice President of Fedcap Canada. “By integrating innovative solutions and data-driven practices, the Centre will address critical challenges and shape the future of employability policy by driving best practices with measurable improvements in employment program outcomes.”

About The Fedcap Group

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The Fedcap Group drives economic mobility through four practice areas—education, workforce development, health, and economic development. The Fedcap Group also invests its time and resources in broader system change—working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered.

About Fedcap Canada

As part of The Fedcap Group, Fedcap Canada is a leading organization committed to advancing economic opportunities and improving employability outcomes for individuals across the country. With a focus on creating sustainable pathways to employment, Fedcap Canada collaborates with government agencies, businesses, and community organizations to design and implement programs tailored to meet the diverse needs of job seekers. The organization provides comprehensive support, including skills training, career development, and job placement services, ensuring individuals are equipped for long-term success in the workforce.

About IEP Group

The IEP is a not-for-profit, purpose-driven, values-based organization that builds solid foundations to positively impact society. We believe that the people who need the most support, need the best support, and that is why our vision for the global employability profession is to help employability professionals everywhere be the best they can be.

We are pioneers in advancing the employability sector on a global scale, delivering significant value to our international members. With tailored strategies and initiatives in each region we serve, we are focused on improving quality, raising professional standards and delivering mission-critical learning to help build, develop and support a thriving, energetic, creative community of skilled and knowledgeable professionals in the global employability profession.

Contact:

Jim Malatras, 212-727-4200, (JMalatras@fedcap.org) 

 
 

 

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Civic Hall Announces LaGuardia Community College Launches Cybersecurity Specialist Course at its Bernard Goldstein Center at Union Square

Civic Hall Announces LaGuardia Community College Launches Cybersecurity Specialist Course at its Bernard Goldstein Center at Union Square

Course to Help Meet the Growing Demand for Cybersecurity Experts in the New York Area

New York, NY — To address a critical demand for trained cybersecurity professionals, Civic Hall is proud to announce the launch of LaGuardia Community College’s Cybersecurity Specialist course, which provides hands-on training in cybersecurity fundamentals, systems and network security, vulnerability assessment, and security operations. Designed for individuals with some IT experience, the course also offers scholarships for eligible participants, as well as internships and job placement assistance for qualifying students.

With the rise in cyberattacks across industries, the demand for trained cybersecurity professionals has reached unprecedented levels. In the New York metropolitan area alone, over 1,150 job openings for Information Security Analysts and Cybersecurity Specialists are posted annually. According to Career Coach/Lightcast, starting salaries for these roles range from $60,000 to $85,000 per year, with experienced professionals earning upwards of $200,000 annually.

“As part of The Fedcap Group’s commitment to driving economic and workforce development, this initiative with LaGuardia Community College is a perfect example of how we can create opportunities for individuals to enter high-demand fields. The Cybersecurity Specialist course at the Civic Hall’s—Bernard Goldstein Center will not only prepare participants for rewarding careers but also strengthen New York’s ability to combat cyber threats,” said Christine McMahon, President and CEO of The Fedcap Group, the parent organization of Civic Hall.

“With cyber threats on the rise, the need for highly trained professionals is greater than ever. At LaGuardia, we are proud to provide accessible, high-quality training that prepares our students for meaningful careers while meeting the demands of New York’s growing tech industry,” said Kenneth Adams, President of LaGuardia Community College. “We remain committed to working closely with industries and employers to ensure we are addressing workforce demands while providing pathways for diverse communities to enter exciting and well-paying careers.”

The Cybersecurity Specialist course will run from January 14, 2025, to July 22, 2025, with classes held on Tuesdays and Thursdays from 6:00 PM to 9:00 PM. The course will be led by expert instructor Dustin Fraser, whose hands-on approach ensures students are prepared to tackle real-world challenges.

“This partnership represents Civic Hall’s commitment to empowering individuals with the skills necessary to succeed in today’s rapidly evolving tech workforce,” said Jim Malatras, Managing Director of Civic Hall. “We are thrilled that LaGuardia Community College is bringing their highly regarded cybersecurity program to Civic Hall—The Bernard Goldstein Center, to prepare the next generation of cybersecurity professionals, ensuring a safer digital future for businesses and communities alike.”

For more information or to enroll, contact Career and Professional Programs at LaGuardia Community College at aceprofessional@lagcc.cuny.edu or (718) 482-5481.

About Civic Hall

In partnership with the City of New York, the New York City Economic Development Corporation, developer RAL, local elected officials, and community partners, The Fedcap Group opened Civic Hall’s Union Square location in November 2023.

Civic Hall’s Bernard Goldstein Center at Union Square is a collaborative innovation center that brings together civic-minded technologists, social entrepreneurs, government officials, and community leaders to develop technology solutions for the public good. Located in Union Square—the heart of New York City’s burgeoning tech sector, Civic Hall fosters a vibrant ecosystem of knowledge sharing and cooperative action. Civic Hall’s mission is to support and enable best-in-class programs that help close the digital skills divide and plan for the needs of tomorrow’s workforce. Civic Hall facilitates groundbreaking partnerships among high-impact organizations, civic and social innovators, workforce training partners, and New York’s employer ecosystem to work collectively to meet the educational and professional needs of all New Yorkers, especially those from communities too often left behind. Civic Hall also serves as a tech incubator and accelerator, support network for profit and nonprofit organizations and start-ups, and place to spur new innovations and ideas. For more information about membership, training, and event opportunities please visit civichall.org. 

About LaGuardia Community College

LaGuardia Community College (LAGCC), a Hispanic-Serving Institution, located in Long Island City, Queens offers more than 50 associate degrees and academic certificates, and more than 65 continuing education programs to prepare New Yorkers for transfer to senior colleges and rewarding jobs and careers. An institution of the City University of New York (CUNY), the College reflects the legacy of our namesake, Fiorello H. LaGuardia, the former NYC mayor beloved for his advocacy of the underserved. Since 1971, LaGuardia’s academic programs and support services have advanced the socioeconomic mobility of students from Queens, NYC and beyond.

Contact:

Josh Vlasto, josh@joshvlasto.com

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Fedcap’s Single Stop Benefits Screening and Case Management Platform Achieves SOC 2 Type II Audit Certification

Fedcap’s Single Stop Benefits Screening and Case Management Platform Achieves SOC 2 Type II Audit Certification

Certification Demonstrates Unwavering Commitment to Data Security

[New York, NY] – The Fedcap Group is proud to announce that Single Stop has successfully completed the System and Organization Controls (SOC) 2 Type II audit. This prestigious certification underscores Single Stop’s dedication to maintaining the highest standards of information security and privacy for our users and adds to existing compliance with ISO 27001:2022 and WCAG 2.1 AA.

The SOC 2 Type II audit is a thorough assessment that focuses on the criteria of trust services, including security, availability, and confidentiality. Single Stop views security as the foundation of our technology and recognizes that SOC2 compliance is an important milestone in our continued commitment to our customers and their data security.

“This SOC 2 Type II certification is a testament to the rigor and innovation embedded in our Single Stop’s platform,” said Christine McMahon, President and CEO of The Fedcap Group. “At The Fedcap Group, we are deeply committed to providing solutions that not only connect individuals to critical resources but also protect their privacy and security at every step. Congrats to the Single Stop team for this significant achievement.”

“Handling sensitive data is a responsibility we don’t take lightly. In a world where data breaches and privacy concerns are all too common, our commitment to achieving SOC2 Type II compliance is ultimately a promise to everyone who uses our technology,” said Steven Williams, CEO of Single Stop. “When people use Single Stop, they should feel secure knowing that we protect their data as diligently as we support their journey toward economic stability.”

Developed by the AICPA, SOC 2 is designed for service providers storing customer data in the cloud. It includes an extensive auditing procedure that ensures a company is handling customer data securely and in a manner that protects the organization and the privacy of its customers.

By voluntarily undergoing this rigorous audit, Single Stop meets regulatory requirements and proactively protects client data with the highest level of care. Conducted by Sensiba LLP, a nationally recognized CPA firm registered with the Public Company Accounting Oversight Board, the attestation report affirms that Single Stop’s information security practices, policies, procedures, and operations meet the rigorous SOC 2 Trust Service Criteria for security, availability, and confidentiality.

For more information about Single Stop and its services, please visit www.singlestop.org.

About Single Stop

A nonprofit organization founded in 2007, Single Stop’s mission is to equip others to build pathways to an economically sustainable future by leveraging partnerships and technology to connect people to valuable resources. By combining their community networks and cutting-edge technology, Single Stop’s unique one-stop-shop model helps organizations provide their clients with centralized access to tools essential for building a pathway to a sustainable future.

Single Stop is a company of The Fedcap Group. Since 1935, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. The work of The Fedcap Group is structured within four major areas of practice—workforce development, educational services, health services, and economic development— and delivered through a growing number of top-tier companies—each focused on helping people achieve long-term economic well-being.

About The Fedcap Group

For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to address some of society’s most pressing needs through four core practice areas: education, workforce development, health, and economic development. The Fedcap Group provides educational services for all age groups, vocational training, and job placement in high-growth industries, as well as support services such as behavioral health care—all aimed at helping individuals achieve economic mobility and long-term self-sufficiency. The Fedcap Group also invests its time and resources in broader systemic change by partnering with federal, state, and local governments to improve the design, funding, and delivery of services.

Contact:

Jim Malatras, 212-727-4200, (JMalatras@fedcap.org)

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The Fedcap Group Releases Fiscal Year 2024 Operating and Financial Results

The Fedcap Group Releases Fiscal Year 2024 Operating and Financial Results

Mid-Single Digit Revenue Growth Together with Further Program and Geographic Expansion

[New York, NY] – The Fedcap Group announced its fiscal year 2024 operational and financial results, ended September 30, 2024.

Christine McMahon, President and CEO of The Fedcap Group, commented, “We are proud of the strides Fedcap made in fiscal 2024 to expand our reach and deliver impactful outcomes in key areas. Our programmatic and geographic expansions—including new health initiatives, specialized disability programming, and entry into new domestic and international markets —demonstrate our commitment to empowering historically underserved populations to achieve economic well-being. Amid continued economic and political headwinds, we maintained mid-single-digit and revenue growth thanks to our focused strategy and the dedication of our exceptional team.”

“In fiscal 2024, we successfully launched Civic Hall at Union Square in New York City, which welcomed 35,000 visitors in its first full year of operation. Our acquisitions of the Teaching the Autism Community Trades (TACT) school in Colorado and Easterseals in Mississippi highlight our commitment to creating new pathways to employment for individuals with disabilities. To expand our reach in the growing health sector, we are enhancing our international clubhouse mental health model to provide comprehensive support services, empowering individuals to achieve meaningful social inclusion, economic stability, and community integration. Additionally, we broadened our global reach with the launch of Fedcap Australia. These initiatives reflect our unwavering commitment to delivering impactful, scalable solutions that transform the lives of individuals and strengthen communities.”

Operational Highlights
The Fedcap Group operates in four key practice areas—education, workforce development, health, and economic development—across 24 nonprofit subsidiaries in 106 locations spanning the United States, Canada, and the United Kingdom. In fiscal 2024, The Fedcap Group served over 243,964 individuals, a 6.8% increase compared to the previous year.

Education
The Education Practice has experienced significant growth through the launch of new programs and market expansions, serving 4,968 students across child development and post-secondary trades programs—more than doubling enrollment from 2023 levels. Fiscal 2024 marked the successful launch of Civic Hall—The Bernard Goldstein Center in New York, a digital skills training hub and tech innovation center that trained more than 1,000 individuals in high-demand digital skills sectors during its first full year of operation. The acquisition of the Teaching the Autism Community Trades School in Denver, Colorado, has expanded high-demand programming for neurodivergent individuals, increasing the Education Practice offerings to 20 programs across five states.

Workforce Development
As Fedcap’s largest practice area, Workforce Development delivered strong results, placing over 28,400 individuals into employment in the U.S., U.K., and Canada—an 11% increase over last year and a record-high for the organization. The Workforce Development Practice consistently achieves high retention rates, with 88% of the individuals we placed remaining employed for at least 30 days, 78% for 90 days, and 76% for 180 days.

Health
The Health Practice demonstrated continued growth driven by the success of the Single Stop case management and benefits screening program, which served more than 80,000 individuals and yielded an average benefit of $20,206 per household. Fedcap saw a 23.6% increase in the delivery of wellness services, serving nearly 38,000 people globally.

Economic Development
The Economic Development Practice has built on its legacy of over nine decades by creating sustainable employment opportunities, with a particular focus on individuals with disabilities. Through its social enterprises, Fedcap directly employed more than 1,000 individuals in fiscal 2024 at competitive salary levels, fostering economic stability and advancing workforce inclusion.

There has been a significant increase in retirement assets for Fedcap’s direct client service workers, growing from $8.4 million in 2010 to $158 million in 2024. This growth reflects our organization’s values and commitment not only to providing sustainable wages but also to fostering wealth and financial stability among our diverse workforce.

International Expansion
Since entering international markets in 2017, Fedcap has established a significant presence in Canada and the United Kingdom. This year, Fedcap expanded our global footprint with the launch of Fedcap Australia, marking a new chapter in our mission to deliver impactful solutions and support diverse communities worldwide.

FY2024 Financial Results
Fedcap achieved $382.1 million in operating revenue for fiscal 2024, representing a 4.5%, or $16.6 million increase over fiscal 2023. As of September 30, 2024, Fedcap had $35.2 million in cash and investments, total assets of $403.5 million, and long-term liabilities of $234.9 million. Net assets grew to $100.7 million, nearly tripling since fiscal 2020.

The organization maintains a strong business development pipeline valued at close to $300 million, with a consistent 90%+-win rate on contract recompetes.

Outlook
“Our future strategy focuses on expanding high-demand services to eliminate critical barriers to employment, scaling our successful fee-for-service trades programs internationally, and offering targeted support tailored to underserved disability communities,” said McMahon. “We are dedicated to empowering individuals with barriers through education and workforce training, health interventions, and economic opportunities—equipping them with the skills needed to secure meaningful, well-paying jobs with clear pathways to long-term career growth.”

McMahon continued, “Fedcap’s financial strength is built on a robust commitment to diversifying revenue sources. This includes increasing the contribution of fee-for-service programs, which we expect to more than double as a percentage of our operating revenues within the next five years. Fedcap is prepared to recalibrate its offerings to meet any new requirements following the recent U.S. and U.K. elections, which may lead to the reprioritization of key funding streams and programs. By strategically broadening our funding base, we ensure sustained impact and resilience in serving those who need it most.”

About The Fedcap Group
For nearly ninety years, The Fedcap Group has developed scalable, innovative, and potentially disruptive solutions to address some of society’s most pressing needs through four core practice areas: education, workforce development, health, and economic development. The Fedcap Group provides educational services for all age groups, vocational training, and job placement in high-growth industries, as well as support services such as behavioral health care—all aimed at helping individuals achieve economic mobility and long-term self-sufficiency. The Fedcap Group also invests its time and resources in broader systemic change by partnering with federal, state, and local governments to improve the design, funding, and delivery of services.

Contact:
Jim Malatras, 212-727-4200, (JMalatras@fedcap.org)

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The Fedcap Group to Honor Carol Kellermann with the Community Impact Award at Upcoming Power of Possible Gala

The Fedcap Group to Honor Carol Kellermann with the Community Impact Award at Upcoming Power of Possible Gala

New York, NY – The Fedcap Group will honor Carol Kellermann, a leading New York civic leader, at this year’s Power of Possible Gala on December 2, 2024, with the prestigious Community Impact Award. This award celebrates Carol’s exceptional contributions and unwavering dedication to addressing critical issues impacting New York City and State, fostering meaningful change that empowers individuals and strengthens communities.

We can think of no one more deserving of this award than Carol Kellermann,” said Christine McMahon, President and CEO of The Fedcap Group. “Carol’s dedication, visionary leadership, and profound influence on New York’s civic landscape have left a lasting mark. At Fedcap, we’re dedicated to helping underserved communities achieve economic mobility through dedicated staff and innovative solutions that can be scaled. Carol exemplifies our ethos of how innovative thinking, passion, and determination can drive real and transformative change. Her unwavering commitment to advancing initiatives that enhance the lives of all New Yorkers sets a high standard for civic leadership and serves as an inspiration to us all.”

“Congratulations to my very good friend, Carol Kellermann, for receiving The Fedcap Group’s Community Impact Award this year,” said U.S. Senator Charles Schumer. “I’ve known Carol throughout my whole career, and chose her to run my first campaign because of her sharped-edged ability to get things done with deep care and compassion. Carol has dedicated her life to improving communities in New York City and across the state and her tremendous impact will no doubt continue for many years to come.”

Carol Kellermann’s career exemplifies an unwavering dedication to addressing complex challenges and driving progress across the nonprofit, philanthropic, and government sectors. With decades of impactful experience, she has consistently led initiatives that enhance lives, strengthen the city’s vitality, and promote long-term stability. Her leadership has been marked by coalition-building, policy-shaping, and the creation of sustainable solutions, all reflecting her visionary and transformative approach to community advancement.

“I am delighted that Fedcap is honoring Carol Kellermann for her extraordinary dedication to transforming New York City’s civic landscape,” said Dr. Merryl H. Tisch. “Over our decades-long friendship, I have witnessed Carol’s impactful leadership and the lasting mark she has made. During my time as a Trustee on the Citizens Budget Commission, I have seen firsthand Carol’s steadfast dedication to ensuring transparent and principled government. As Chairman of the State University of New York Board of Trustees, I have observed how the ASAP program—an initiative Carol helped launch—has profoundly transformed the lives of underserved students through the power of education. Carol exemplifies the very best of civic leadership, and I am proud to celebrate her legacy.”

For more information about the Power of Possible Gala, sponsorship opportunities, or to learn about The Fedcap Group’s work, visit https://www.gala.fedcapgroup.org.

About Fedcap’s Community Impact Award

The Fedcap Group is a nonprofit organization committed to creating opportunities and improving the lives of people with barriers to economic well-being—serving more than 250,000 people annually across the globe. The Community Impact Award celebrates extraordinary companies, organizations, and individuals that embody The Fedcap Group’s “Power of Possible” philosophy. It honors leaders who turn visionary ideas into actions, transform challenges into opportunities, and bring sustainable impact to the forefront of their work. The Power of Possible Gala will bring together leaders from across industries to celebrate innovation, commitment, and the transformative power of community collaboration.

 

About Carol Kellermann

Carol Kellermann is a distinguished leader with extensive experience in nonprofit, philanthropic, and government sectors, dedicated to addressing complex challenges and driving impactful change in New York City and beyond. She served as President of the Citizens Budget Commission from 2008 to 2018, leading efforts to influence constructive change in New York’s fiscal landscape. Prior to this, Carol held key executive roles, including Executive Director & CEO of The September 11th Fund, where she oversaw the distribution of over $500 million to support those affected by the attacks. Her leadership roles have revitalized organizations such as the Alliance for Young Artists & Writers, PENCIL, Inc., and Learning Leaders, Inc. She also served as Chief of Staff to Congressman Charles E. Schumer from August 1990 to December 1992, managing a staff of 20 and providing professional oversight to the Subcommittee on Crime and Criminal Justice, House Judiciary Committee. Carol has led transformative program initiatives, such as launching the CUNY ASAP program to improve community college outcomes for low-income students. She holds a J.D. from Harvard Law School and a B.A. in Government from Harvard College, and her board memberships include prominent nonprofit entities that enhance public welfare and civic engagement.

 

Media Contact: Jim Malatras, JMalatras@Fedcap.org

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