Karen Wegmann, Chief Financial Officer, joined Fedcap in April, 2014. As CFO, she provides both operational and programmatic support to the organization, supervises the finance unit, and is the organization’s chief financial spokesperson. Ms. Wegmann works with the President/CEO on Fedcap’s strategic vision, including fostering and cultivating shareholder relationships on city, state and national levels, as well as assisting in the development and negotiation of contracts.
Prior to joining Fedcap, Ms. Wegmann served as Chief Financial Officer of YAI Network, comprised of seven independent nonprofit agencies with total annual revenues of $290 million and 5,600 employees serving over 20,000 individuals at 450 sites. Ms. Wegmann’s responsibilities included pensions and investments, business development, technology, insurance, property acquisitions, contract management, procurement, government relations, external audits, and finance and business planning. While at YAI Ms. Wegmann also served as Controller, Director of Finance and Chief Business Officer, and reported directly to the board of trustees of each of the seven independent agencies.
Ms. Wegmann’s previous experience includes Director of Accounting, Spanish International Television Network; Manager of Finance and Accounting for CBS Inc., and Manager of Sales Analysis and Assistant to Director of Finance and Analysis for CBS Publishing Group.
Ms. Wegmann holds an MBA, Corporate Finance, from Pace University and a BA in Accounting and Information Systems from Queens College, City University of New York. She has been a lecturer at City University of New York, Adelphi University School of Social Work, and the University Of Pennsylvania Graduate School Of Social Work.
Ms. Wegmann is a member and former Chair of the Finance Committee of the Interagency Council of Developmental Disabilities, and a member of the Healthcare Financial Management Association and the Medical Group Management Association.