Dr. Yaara Shimshoni Appointed Senior Research Fellow at Fedcap’s Community Impact Policy Institute

Dr. Yaara Shimshoni Appointed Senior Research Fellow at Fedcap’s Community Impact Policy Institute


New York, NY –The Community Impact Policy Institute—the thinktank and research arm of The Fedcap Group—has appointed Dr. Yaara Shimshoni Senior Research Fellow.

 

Dr. Shimshoni, a clinical psychologist and Clinical Assistant Professor at the prestigious Yale School of Medicine, brings a wealth of experience and expertise to her new role the Community Impact Policy Institute. Her research and clinical work focus on the treatment of anxious children and their parents, making her a valuable addition to The Fedcap Group’s research initiatives.

 

“We are thrilled to welcome Dr. Yaara Shimshoni to the Community Impact Policy Institute. Her extensive experience, research contributions, and dedication to improving the lives of children and families will undoubtedly enhance our research initiatives and further solidify our commitment to evidence-based practices that unlock the door to economic well-being,” said Christine McMahon, President and CEO of  The Fedcap Group.

 

At the Yale School of Medicine, Dr. Shimshoni actively participates in federally funded research projects and collaborates closely with Dr. Eli Lebowitz, the co-director of the anxiety and mood disorders program and the developer of the innovative SPACE (Supportive Parenting for Anxious Childhood Emotions) program, a parent-based treatment program for children and adolescents with anxiety, OCD, and related issues. Dr. Shimshoni has not only been instrumental in applying and disseminating the program but has also played a vital role in treating anxious children and their parents. Her expertise extends to teaching and supervising clinicians in the implementation of SPACE.

 

In addition to her contributions to the field of anxiety and mood disorders, Dr. Shimshoni has published numerous peer-reviewed papers on the topic. Together with Dr. Lebowitz, she spearheaded the development of an application of SPACE to clinical picky eating and served as the lead investigator on a pilot study exploring the treatment. This project showcases the versatility and applicability of the program across various challenges faced by children and adolescents.

 

“I am excited to join The Fedcap Group’s Community Impact Policy Institute and contribute to its mission and look forward to leveraging my experience to enhance the research initiatives and advance policies that positively impact barriered communities,” said Dr. Yaara Shimshoni.

 

Dr. Shimshoni’s appointment represents a significant milestone for The Fedcap Group’s Community Impact Policy Institute, underscoring its ongoing commitment to advancing research and policies that positively impact communities and individuals facing barriers to economic well-being.

 

About the Community Impact Policy Institute

The Community Impact Policy Institute is the thinktank and research arm of The Fedcap Group, conducting leading research to provide solutions in breaking down barriers to economic well-being. The Institute, and its partners, have conducted groundbreaking analysis and solutions to many pressing needs including building wage and wealth for disadvantaged communities, effects of minimum wage increases, early childhood education, employment opportunities for individuals with disabilities, socially responsible investing, immigration and its impact on the economy, and more. The Community Impact Policy Institute also provides technical assistance and training, products and hands on support to government agencies and community-based providers working to change their delivery of services and enhance the community integration of people with individuals with barriers to employment.

 

Media Contacts:

Jim Malatras, Director of the Community Impact Policy Institute, (JMalatras@fedcap.org)

 

 

  

FedcapCARES Achieves Milestone with Successful Completion of SOC 2 Type II Audit by Sensiba LLP

FedcapCARES Achieves Milestone with Successful Completion of SOC 2 Type II Audit by Sensiba LLP

New York, NY – The Fedcap Group is pleased to announce the successful completion of the System and Organization Controls (SOC) 2 Type II audit conducted by Sensiba LLP for FedcapCARESour nation leading automated cloud-hosted software application which serves as a hub for case management, client activity and tracks attendance, employment, and job retention. This milestone, alongside our ongoing ISO 27001 certification, first achieved three years ago and renewed annually, underscores our relentless commitment to the highest standards of information security, privacy, and our dedication to safeguarding our clients’ data.  

 

The SOC 2 Type II audit is a rigorous examination of controls relevant to the trust services criteria categories, including security, availability, processing integrity, confidentiality, and privacy. It provides a comprehensive report on the design and effectiveness of specified controls over a specific period. Fedcap has taken this important step to ensure that our systems and processes not only meet but exceed internationally recognized best practices and guardrails.

 

“We created FedcapCARES to help organizations better perform case management through state-of- the-art technology. This successful completion of the SOC 2 Type II audit reflects our ongoing commitment to maintaining the highest standards of information security in our platform,” said Christine McMahon, President and CEO of The Fedcap Group. “This achievement by The Fedcap Group not only aligns with industry and regulatory expectations, but also ensures the highest level of data protection for our clients most sensitive data.”


It is anticipated that SOC 2 Type II compliance will become a standard requirement in most, if not all, future contracts and renewals within the nonprofit sector. By voluntarily undergoing this audit, The Fedcap Group is not only meeting regulatory expectations but is proactively ensuring that our clients’ data is protected with the utmost care. As the landscape of digital information security evolves, SOC 2 Type II compliance is increasingly becoming a benchmark for excellence and trustworthiness.

 

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 provides educational services to every age group, vocational training, and job attainment in high-growth industries, as well as support services such as behavioral health services—all targeted to helping people achieve long-term economic well-being. 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.

 

Contact:

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

Fedcap UK and the Community Impact Policy Institute Launches the Compass Series Focused on International Strategies to Improve Health, Employability, and Economic Well-Being

Fedcap UK and the Community Impact Policy Institute Launches the Compass Series Focused on International Strategies to Improve Health, Employability, and Economic Well-Being

Compass Series Kicks Off with Leading Scottish Policymakers in Edinburgh, Scotland

Edinburgh, Scotland–Fedcap UK and the Community Impact Policy Institute are excited to announce the launch of a new policy series, Fedcap Compass, dedicated to addressing the intersection of health, employability, and economic well-being. The inaugural event will take place tomorrow, February 20, 2004, in Edinburgh, Scotland, marking the beginning of a series of roundtables aimed at addressing these critical issues.

 

Daniel Johnson, Member of the Scottish Parliament, Shadow Cabinet Secretary for Economy, Business, and Fair Work, will lead the roundtable with employability, health, public policy, and economic experts as distinguished chairperson. Secretary Johnson’s extensive experience and insights into the Scotland’s economic landscape makes him the ideal leader to kick off this pivotal series focused on improving health, employability, and economic well-being.

 

“We’ve launched the Fedcap Compass series to bring together key stakeholders, policymakers, and experts to engage in meaningful conversations about improving the health and economic well-being of communities,” said Christine McMahon, President and CEO of The Fedcap Group. “Our goal is to identify innovative solutions and actionable strategies, both in Scotland and across the globe— particularly in other Fedcap programs in the United States and Canada— that can have a lasting impact on communities.”

 

The focus of this inaugural event aligns with The Fedcap Group’s overarching mission to create positive social change through its Community Impact Policy Institute.

 

“We encourage all stakeholders, community leaders, and individuals passionate about making a difference to join us at this and future thought leadership events,” said Susan Paterson, UK Operations Director for Fedcap.  “We hope to gain a broad cross-section of perspectives and to help shape a comprehensive policy strategy for governments and other institutions.”

 

For more information about tomorrow’s event contact, Neal Smith for Fedcap UK, (Neal.Smith@fedcap.org.uk).

 

About the Community Impact Policy Institute

The Community Impact Policy Institute is a thinktank of The Fedcap Group conducting leading research to provide solutions in breaking down barriers to economic well-being. The Institute, and its partners, have conducted groundbreaking analysis and solutions to many pressing needs including building wage and wealth for disadvantaged communities, effects of minimum wage increases, early childhood education, employment opportunities for individuals with disabilities, socially responsible investing, immigration and its impact on the economy, and more. The Community Impact Policy Institute also provides technical assistance and training, products and hands on support to government agencies and community-based providers working to change their delivery of services and enhance the community integration of people with individuals with barriers to employment.

 

About Fedcap UK

Fedcap UK is a member of The Fedcap Group committed to excellence and an innovative approach to improving economic and social well-being. Fedcap UK delivers employability solutions, health services, and community projects in partnership with like-minded organizations and stakeholders. This includes the delivery of the UK Government’s Restart Scheme and the Scottish Government’s Fair Start Scotland program.

 

Media Contacts:

Neal Smith for Fedcap UK, (Neal.Smith@fedcap.org.uk)

Jim Malatras for the Community Impact Policy Institute, (JMalatras@fedcap.org)

 

Easterseals Lonestar’s Inclusive Esports Program Expands its Reach to Four Schools

Easterseals Lonestar’s Inclusive Esports Program Expands its Reach to Four Schools

More than 40 Students Participating in Inclusive Esports Competitions

Dallas, Texas (February 14, 2024) – Easterseals Lonestar announces that four schools have joined its new Esports League. The school are Navarro and Greenleaf Neurodiverse Transition School, both part of the Austin Independent School District; Cedars International Next Generation High School; and Manor New Tech High School.

 

Easterseals Lonestar launched the program to engage at-risk students of all abilities. To date, more than 40 students are participating, with additional students expected to join. Easterseals Lonestar’s esports initiative involves the formation of dedicated esports teams within each participating school, competing in tournament leagues. Currently, these teams are engaging in friendly scrimmages with counterparts in Oklahoma and New York. Beyond the competitive aspect, students enrolled in the Easterseals Lonestar esports program also benefit from a comprehensive curriculum that includes game design and other STEAM-related courses, fostering valuable life skills.

 

“Esports is a powerful vehicle to ignite students’ passion for STEAM by incorporating an element they genuinely enjoy. Our esports program is not only creating an inclusive and enjoyable environment but also establishing a pathway for at-risk students of all abilities to connect with peers nationwide through competitive esports, coupled with a robust STEAM curriculum. This initiative aims to unlock opportunities for these promising students within the esports and gaming industry,” said Jennifer Friesen, Vice President, Easterseals Lonestar.

 

Made possible by a generous award from the Texas Workforce Commission, the Easterseals Lonestar esports program is a one-year, $100,000 pilot initiative in collaboration with local school districts. It seeks to attract students to an eSports league that seamlessly integrates opportunities to explore STEAM careers.

 

About Easterseals Lonestar

Easterseals Lonestar represents central and north Texas. Easterseals Lonestar promotes independence and creates opportunities for people with disabilities to pursue their hopes and dreams. Easterseals Lonestar is a member of The Fedcap Group. For nearly ninety years, The Fedcap Group has developed scalable and innovative solutions to some of society’s most pressing needs. The Fedcap Group provides educational services to every age group, vocational training and job attainment in high-growth industries, as well as support services such as behavioral health services—all targeted to helping people achieve long-term self-sufficiency.

 

Media Contact:

Jim Malatras

Email: JMalatras@fedcap.org

 

CIVIC HALL AND SOUND+SCIENCE JOIN FORCES TO EMPOWER YOUTH IN STEM EDUCATION THROUGH MUSIC

CIVIC HALL AND SOUND+SCIENCE JOIN FORCES TO EMPOWER YOUTH IN STEM EDUCATION THROUGH MUSIC

Partnership Supported by the Simons Foundation

New York, NY (February 9, 2024)— Civic Hall, a dynamic hub for innovation and education within New York City’s tech landscape, proudly announces its collaboration with Sound+Science, a groundbreaking initiative that explores the intersection of music and STEM education.

 

Located at Union Square in the state-of-the-art Zero Irving building, Civic Hall is an 85,000-square-foot training center, business incubator, and tech ecosystem with a mission to catalyze innovation, education, and collaboration, it serves as the nucleus for entrepreneurial growth, and educational innovations in NYC’s bustling tech community.

 

The Sound+Science program offers a transformative educational experience for young minds, harnessing the inherent connection between music and STEM disciplines. Divided into three distinct modules, the immersive programming provided by Sound+Science aims to impart a heightened understanding of STEM, particularly in physics and mathematics while fostering a vibrant community of collaborators and investigators that inspire one another.

 

“Through Civic Hall’s collaborative network, we are forging paths that harness technology for social impact and opportunities for barriered communities,” said Jim Malatras, Chief Strategy Officer & Senior VP for Education, The Fedcap Group—the parent organization of Civic Hall. “Thanks to Civic Hall Co-Founder’s Andrew Rasiej’s initial connection and the Simons Foundation for their incredible financial support, we are delighted to have Sound+Science’s innovative new program be an essential part of Civic Hall.”

 

Dr. Stephon H. Alexander, a renowned theoretical physicist specializing in cosmology, particle physics, and quantum gravity at Brown University, adapted Sound+Science from his book The Jazz of Physics and will lead the program as its Founder and CEO. The modules, including “The Hidden Codes in Electronic Music,” “Music Improvisation and the Evolution of Computation,” and “From Hip-Hop to AI,” ensure a comprehensive educational experience. Complementing the programming, Sound+Science will also present a speaker series focused on the intersection of music and science and featuring Sound+Science advisory board members Vin Rock from the legendary hip-hop group Naughty by Nature and Paul Miller, a conceptual artist known as DJ Spooky that Subliminal Kid.  Sound+Science addresses challenges faced by underestimated youth in accessing STEM careers, incorporating diverse features to capture attention and engage these students.

 

“Growing up in the diverse cultural tapestry of New York City’s public schools ignited my fascination with the universal language of science,” said Sound+Science Founder and CEO Dr. Alexander. “At Sound+Science, we’re channeling that same vibrant energy to inspire the next wave of curious minds. Here, music isn’t just an art form; it’s a gateway to physics, coding, and mathematics. Our mission is to tune into the potential of every student, creating a symphony of minds ready to shape the future of science and building a harmonious community of exploration.”

 

Students will participate in Masterclass Lectures by industry experts, hands-on studio labs for practical application of knowledge, and peer mentoring connecting high school students with local college STEM majors for mutual growth. Incentive-based projects challenge participants to create real-world applications resonating with musicians, producers, and coders.

 

“The Simons Foundation is committed to the idea that science is part of culture, and is proud to support Sound+Science and their work to empower New York City’s brightest young minds. By increasing access to innovative science engagement, we’re working toward a brighter future for science and society,” said John Tracey, Program Director of Science, Society and Culture at the Simons Foundation.

 

Through this collaboration, Civic Hall and Sound+Science aim to create pathways for young students to access the vast opportunities offered by STEM education. The program, commencing in March 2024, is poised to break barriers and contribute to a more inclusive and innovative society. High school students, as well as their parents, teachers, and administrators can find more information and apply to the program at soundplusscience.com or contact Jeremy Snepar, Sound+Science’s Chief Operating Officer at jeremy@soundplusscience.com.

 

ABOUT CIVIC HALL

Civic Hall is a member of The Fedcap Group. 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 will facilitate groundbreaking partnerships among high-impact tenants, civic and social innovators, workforce training partners, and NYC’s diverse employer ecosystem to work collectively to meet the educational and professional needs of all New Yorkers, especially those from communities too often left behind. For more information about membership opportunities, please visit civichall.org

 

For media inquiries or more information, contact:

Josh Vlasto, for The Fedcap Group/Civic Hall (josh@joshvlasto.com)

CIVIC HALL AND THE BUSINESS COUNCIL OF NEW YORK STATE ANNOUNCE STRATEGIC PARTNERSHIP

CIVIC HALL AND THE BUSINESS COUNCIL OF NEW YORK STATE ANNOUNCE STRATEGIC PARTNERSHIP


New York, NY (January 31, 2024)—
Civic Hall, the pioneering hub for innovation and training in New York’s tech ecosystem, is pleased to announce a strategic partnership with The Business Council of New York State, the state’s foremost advocate for businesses. This collaboration solidifies Civic Hall’s role as the official NYC headquarters for The Business Council of New York State, further enhancing New York’s position as a hub for innovation and economic growth.

 

Located at Union Square in the state-of-the-art Zero Irving building, Civic Hall is an 85,000-square-foot training center, business incubator, and innovation ecosystem with a mission to catalyze innovation, education, and collaboration, it serves as the nucleus for entrepreneurial growth, and educational innovations in NYC’s bustling tech community.

 

The members of Business Council of New York State are driving economic activity and growth in the innovation and tech sector and will partner with Civic Hall to help meet workforce demand in NYC and the rest of the state. The partnership will also as well as provide business incubator opportunities for the Business Council of New York State’s members at Civic Hall’s state-of-the-art facility which is in the heart of the NYC technology ecosystem.

 

“We are proud to have partnered with Civic Hall, a highly respected organization whose goals of fostering and strengthening economic growth and a strong workforce closely align with The Business Council. This collaboration helps us better serve our current New York City members while providing an opportunity to attract new members to help strengthen our pro-business agenda,” said Heather C. Mulligan, President & CEO of the New York State Business Council, Inc.

 

“We are thrilled that the New York State Business Council has joined forces with Civic Hall—New York’s leading innovation and entrepreneurial hub. This powerful partnership will address the pressing workforce demands of the business and industry sectors, propelling sustainable economic growth throughout the state of New York,” said Jim Malatras, Chief Strategy Officer & Senior VP for Education, The Fedcap Group—the parent organization of Civic Hall.

 

ABOUT CIVIC HALL

Civic Hall is a member of The Fedcap Group. 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 will facilitate groundbreaking partnerships among high-impact tenants, civic and social innovators, workforce training partners, and NYC’s diverse employer ecosystem to work collectively to meet the educational and professional needs of all New Yorkers, especially those from communities too often left behind.  For more information about membership opportunities, please visit civichall.org

 

ABOUT THE BUSINESS COUNCIL OF NEW YORK STATE

The Business Council of New York State, Inc., is the leading business organization representing the interests of large and small firms across the state. With over 3,000 member companies, local chambers of commerce, and professional associations, BCNYS advocates for a healthier business climate, economic growth, and job creation.

 

For media inquiries or more information, contact:

Josh Vlasto, for The Fedcap Group/Civic Hall (josh@joshvlasto.com)

Pat Bailey, The Business Council of New York State, Inc. (patrick.bailey@bcnys.org)

Hospitality Pathways Joins Civic Hall to Empower Marginalized Communities Through Innovation in the Retail Cannabis Industry

Hospitality Pathways Joins Civic Hall to Empower Marginalized Communities Through Innovation in the Retail Cannabis Industry

New York, NY (January 29, 2024) —Hospitality Pathways, a leading organization dedicated to providing in-demand job skills for members of marginalized communities, has joined Civic Hall. Hospitality Pathways offers training programs that lead to sustainable employment, livable wages, and future growth opportunities within the emerging retail cannabis industry.

 

As members, Hospitality Pathways will leverage Civic Hall’s ecosystem and incubator to drive innovation to strengthen its training and employment pathways for barriered communities. Hospitality Pathways goes beyond technical skills, offering extensive soft skills training in areas such as the culture of hospitality, professionalism, teamwork, prioritizing, time management, industry terminology, work ethic, and conflict resolution. Students are provided with a stipend, a weekly unlimited MetroCard, and daily meals. Hospitality Pathways collaborates with a robust network of employer partners to help connect graduates with jobs in the field.

 

“Our partnership with Hospitality Pathways demonstrates the power of Civic Hall—plugging in a  training provider into a diverse innovation and educational ecosystem broadens opportunities within emerging workforce sectors, with a specific focus on empowering historically marginalized communities,” said Seema Shah, Executive Director of Civic Hall.

 

Our collaboration with Civic Hall marks a strategic alliance that enables us to harness the vast innovation ecosystem they offer, unlocking the full potential of social equity within our rapidly evolving industry,” said Beatrice Stein, Founder and Program Director of Hospitality Pathways. “This partnership transcends rhetoric; it’s a commitment to tangible impact. We are dedicated to delivering high-quality training complemented by wraparound support for our students. As members of Civic Hall, we are poised to elevate our program to new heights.”

 

ABOUT CIVIC HALL

Civic Hall is a member of The Fedcap Group. 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 will facilitate groundbreaking partnerships among high-impact tenants, civic and social innovators, workforce training partners, and NYC’s diverse employer ecosystem to work collectively to meet the educational and professional needs of all New Yorkers, especially those from communities too often left behind. For more information about membership opportunities, please visit civichall.org

 

ABOUT HOSPITALITY PATHWAYS

Hospitality Pathways is a pioneering organization dedicated to empowering members of marginalized communities by providing in-demand job skills and opportunities within the expanding retail cannabis industry. Through comprehensive training programs, we aim to bridge the gap and create a pathway to sustainable employment, livable wages, and future growth. Visit Hospitality Pathways for more information.

 

For media inquiries or more information, contact:

Jim Malatras, The Fedcap Group/Civic Hall (Jmalatras@fedcap.org)

The Fedcap Group Releases Fiscal Year 2023 Operating and Financial Results

The Fedcap Group Releases Fiscal Year 2023 Operating and Financial Results

Another Year of Strong Contract and Program Performance

Looking Ahead to Mid-Single Digit Revenue Growth in FY2024

New York, NY—December 13, 2023—The Fedcap Group reported its operational and financial results for fiscal year 2023 ended September 30, 2023.

“We are pleased to report that fiscal 2023 was a year of impressive contract and program performance for The Fedcap Group in which we further strengthened our financial position and laid the groundwork for substantial domestic and international growth in the future. While continuing to achieve positive outcomes domestically, we expanded our global footprint in FY2023, introducing new initiatives in Canada and the United Kingdom, while integrating successful models internationally, demonstrating our dedication to scalable best practices on a global scale,” said Christine McMahon, President and CEO of The Fedcap Group. “In FY2023, we outpaced our peers in graduation rates, set a record for number of job placements in our organization’s history, secured families more than a half a billion dollars in benefits using our Single Stop screening platform, and launched new innovations, like virtual reality technology and a CDFI that will build generational wealth in historically marginalized communities. We achieved this while navigating a challenging economic environment in which our financial results demonstrated the benefits of our diversified revenue base and long-term data-driven strategic planning.”

Operational Results

The Fedcap Group provides a diversified array of services and interventions to spring individuals from the social safety net and put them on a path to economic well-being. The Fedcap Group’s work is organized through four practice areas—education, workforce development, health, and economic development—and driven through 23 nonprofit subsidiaries in the United States, Canada, and the United Kingdom. In FY2023, The Fedcap Group served nearly 230,000 people, including those screened for state and federal benefits through our Single Stop program.

Education
Throughout FY2023, the Education Practice remained dedicated to strengthening and broadening its cradle-to-career initiative, commencing with early childhood programs, and extending through post-secondary education. During FY2023, The Fedcap Group successfully educated 2,330 individuals—an annual increase of 4.5%—across four states, achieving an overall completion rate of 77%.

Highlights from FY2023 included a substantial expansion within childhood development programs, notably marked by the launch of a new Easterseals Pre-K program in Austin, Texas, and the completion of a state-of-the-art facility in Port Jervis, NY, which significantly increased its capacity.

In addition, Apex Technical School, The Fedcap Group’s postsecondary trade program, opened a modern new facility in Queens, NY. In an era of declining post-secondary enrollment, Apex is bucking national trends with a 23% year-over-year enrollment increase. With an impressive completion rate of 76%–far surpassing the national average of 43% for peer institution community colleges, and its outstanding 75% placement rate into well-paying, sustainable trade jobs, Apex has reinforced its position in higher education.

Workforce Development
The Workforce Development Practice continued its exceptional performance throughout FY2023. Notably, Fedcap achieved a milestone by placing 25,600 individuals into jobs, marking a noteworthy 7% year-over-year increase and an impressive 184% growth since 2020. FY2023 also reinforced Fedcap’s track record of robust job retention rates, with 90% of individuals placed retaining their positions for at least 30 days, 82% for 90 days, and 78% for 180 days.

In FY2023, Fedcap introduced FedcapVR—an innovative end-to-end solutions provider specializing in creating fully immersive virtual reality simulations. These simulations are seamlessly integrated into the organization’s education and workforce programs, specifically tailored for industries such as construction, welding, and green energy technologies. FedcapVR is instrumental in assisting Fedcap clients with job exploration and successful completion of their training, thereby enhancing their prospects in the job market.

Health
The Fedcap Group’s Health Practice continues to grow on the strength of the organization’s nation-leading Single Stop case management and benefits program. During FY2023, Single Stop screened 55,870 individuals for federal and state benefits, and households on average received $17,600 in benefits—or $504.7 million total value of benefits overall. Single Stop also included new programs to screen, including the Low-Income Home Energy Assistance Program—LIHEAP— and entered new states including California and Illinois.

The Fedcap Group continues to show strong results in health and wellness during FY2023, including providing more than 42,000 individuals wellness services in health and behavioral health treatment–enabling individuals to stabilize and obtain and retain employment.

Economic Development
During FY2023, The Fedcap Group directly employed 1,060 individuals in its commercial businesses—the majority of whom have disabilities or other employment barriers, enjoying an average annual salary of $42,550. This figure stands notably higher, surpassing the average annual salary based on a minimum wage of $15.00 per hour by over 30%.

Moreover, there has been a remarkable increase in retirement assets for Fedcap’s direct client service workers, climbing from $8.4 million in 2010 to an impressive $124.4 million in 2023. This substantial growth demonstrates our steadfast commitment not only to providing sustainable wages, but also to fostering wealth and financial stability among our diverse workforce.

In FY2023, The Fedcap Group launched a CDFI to help barriered communities achieve economic well-being through direct financial investment and equity opportunities. Utilizing a $125K technical assistance grant from the U.S. Treasury, The Fedcap Group is currently developing the CDFI structure and set a goal of raising $6 million over the next three years to be used for home ownership, lending for low-cost equity investments, technical assistance, small business loans, and project-based investments.

International Programs
Our global presence continues to expand, particularly in Canada and the United Kingdom. In FY2023, we introduced new employment services in Niagara Falls, Canada, and within the Hamilton-Niagara region, Fedcap not only surpassed job entry performance deliverables by over 100% but also consistently exceeded various other performance targets, meeting or surpassing contractual obligations.

Additionally, The Fedcap Group significantly enhanced its domestic and international program integration, enabling the organization to implement and scale best practices globally. In FY2023, our U.K.-based company successfully adopted The Fedcap Group’s established clubhouse model—a 30-year-old program based in New York City and New Hampshire. Clubhouses aid, train, and build community for individuals dealing with serious mental illness. The two newly established clubhouse models in the U.K.—Riverside Clubhouse in Staines, South Central England, and the Hive Clubhouse in Burnley, Northwest England—are already showing notable successes. This year, 68% of members experienced improvements according to the Work and Social Adjustment Scale, while 60% reported enhanced well-being through the Warwick-Edinburgh Mental Wellbeing Scale.

Similarly, our U.S.-based program in Maine has effectively adopted the U.K.’s Restart Program, designed to aid long-term unemployed individuals in transitioning back to work. The official launch of this program is scheduled for 2024.

FY2023 Financial Results

We successfully navigated the economic challenges of FY2023, including high inflation, government budget cuts, and regulatory uncertainty that resulted in the elimination of several contracts and various project delays. Fedcap Group’s revenue for FY2023 reached $363.4 million, slightly ahead of the $361.7 million reported in FY2022, and based on current visibility, we expect to return to mid-single-digit revenue growth in fiscal 2024. The Fedcap Group ended fiscal 2023 with a robust business development pipeline of almost $400 million and an impressive win rate of over 95% on recompetes.

At fiscal 2023 year-end, The Fedcap Group had $34.9 million in cash and investments, total assets of $358.3 million, and long-term debt of $249.1 million. Notably, The Fedcap Group’s net assets increased to $52 million, indicating an impressive 38% increase from FY2019.

Outlook

In addition to continued global expansion of best practices and programs to achieve economic well-being, The Fedcap Group will focus on its pledge to sustainability. Fedcap has committed to adhering to the United Nations construct on sustainable development and is implementing clear positive programs to strengthen Environmental, Social, and Governance practices for the 23 organizations under The Fedcap Group.

 

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 provides educational services to every age group, vocational training, and job attainment in high-growth industries, as well as support services such as behavioral health services—all targeted to helping people achieve long-term self-sufficiency. 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.

Contact

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

Financials

The Fedcap Group Financial Statements
CONSOLIDATED FINANCIAL STATEMENTS

The Fedcap Group
CONSOLIDATED STATEMENT OF ACTIVITIES

Harnessing the Power of Possible Gala Draws People Closer to The Fedcap Group’s Mission

Harnessing the Power of Possible Gala Draws People Closer to The Fedcap Group’s Mission

The Fedcap Group’s Gala celebrated the breaking down of barriers for people who are achieving economic and social well-being.

On Monday evening, hundreds of people filled Cipriani 42nd Street for The Fedcap Group’s Annual Celebration of the Power of Possible Gala. Throughout the captivating event we considered how vision, connection, solutions and hope enable us to Harness the Power of Possible in the lives of those we serve, beginning by taking a look at some of the highlights from 2023. View our 2023 highlights video.

We reflected on the role that vision played in the establishment of the 23 companies of The Fedcap Group, applauded the remarkable community connections that support us in meeting people’s diverse and complex needs, contemplated the impact of our innovative solutions, filling gaps in the service system, and remembering the significance of instilling hope in those we serve. See our company leaders discuss The Power of Possible.

During the evening we honored Craig Newmark, founder of Craig’s List, with our first ever Power of Possible award for his remarkable contribution to Civic Hall at Union Square. Launched in fall of 2023, Civic Hall at Union Square is an 85,000-square-foot digital learning center. Learn more about Civic Hall.

Our featured community partners included The Locker Project of Maine, New York Cares, New York State Fraternal Order of Police, Martha’s Table in Washington DC, SAFE Alliance of Austin TX and the Suffolk County Sheriff’s Department of Boston – all were thanked for their tremendous collaboration and support of our mutual clients. Watch our tribute to our community partners.

We were also inspired by the courage, humor and tenacity of twin brothers Dylan and Dayton Thomas, born with an extremely rare form of muscular dystrophy, and yet both succeeding in achieving their dreams. Meet Dylan and Dayton. 

We were deeply moved by the story of US Army veteran Jennifer Grubb who overcame incredibly difficult circumstances to get to where she is today, and we were filled with joy in hearing how Fernando Santiago left prison, turned his life around, and celebrates 20 years of employment with Fedcap, overseeing the facility management of Ellis Island and the Statue of Liberty. See a video about Fernando’s journey.

The extraordinary evening concluded with Broadway musician Angela Birchett and the LaGuardia High School Gospel Choir singing a rousing version of Stand Up for Something, leaving the crowed energized and inspired.

What an amazing, heartwarming celebration of the work of The Fedcap Group … making the seemingly impossible, possible!

Gala 2023 Gallery

The Fedcap Group’s ReServe Team Talks with CBS2 New York on Employment for Older Workers

The Fedcap Group’s ReServe Team Talks with CBS2 New York on Employment for Older Workers

Older workers increasingly are choosing to stay in the workforce well past the traditional retirement age. A New York City program, Silver Corps, connects older workers with skills training, certifications and other support for older individuals who wish to remain in the workforce.

The Fedcap Group’s ReServe subsidiary works with nonprofits and government agencies to fill gaps in staffing with older workers, called ReServists.

CBS2 New York recently spoke with members of the ReServe team about what older individuals seek, and the many benefits to both the individuals and the organizations who hire them.

“Many seniors aren’t looking to rule the world. They’re not looking to climb the corporate ladder. Give them their rung and let them do their thing,” said Diane Cohen, Director of Partnerships for ReServe.

“The initial support at the Department of Aging really set the course for me, because they gave me the technical support, and the mental and emotional support. That’s really key right there. When someone says, ‘You have a dynamic resume. We’re going to help you. You’re going to do well.’So I say maybe I will be okay,” said Kioka Jones, a ReServist.

View the interview on the CBS2 New York website.