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Nonprofiteer
← FSG INC

Form 990 for tax year 2022

Filed by FSG INC.

Totals

Total revenue
$21,649,064
Total expenses
$23,844,126
Contributions and grants received
$4,619,686
Grants paid
$0
Program service revenue
$16,540,904
Investment income
$175,054
Other revenue
$313,420
Total assets, end of year
$24,844,786
Total liabilities, end of year
$8,707,236
Net assets or fund balances, end of year
$16,137,550
Program services expenses (Part IX)
$20,145,100
Management and general expenses
$3,477,775
Fundraising expenses
$221,251
Program service expenses (Part III)
$20,145,100

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,874,502

  • 1f · All other contributions, gifts and grants

    $2,745,184

  • 1g · Noncash contributions included above

    $161,288

  • 2a · Program service revenue: CONSULTING SERVICES

    total $15,946,447 · related or exempt $15,946,447

  • 2b · Program service revenue: CONFERENCE PRESENTATIONS

    total $594,457 · related or exempt $594,457

  • 3 · Investment income

    total $175,054 · excluded $175,054

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $313,420 · related or exempt $313,420

  • 11e · Other revenue, total

    $313,420

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,439,107 · program services $779,775 · management and general $639,902 · fundraising $19,430

  • 7 · Other salaries and wages

    total $10,603,688 · program services $9,037,807 · management and general $1,470,894 · fundraising $94,987

  • 8 · Pension plan contributions

    total $120,571 · program services $100,656 · management and general $18,997 · fundraising $918

  • 9 · Other employee benefits

    total $1,184,790 · program services $991,617 · management and general $184,330 · fundraising $8,843

  • 10 · Payroll taxes

    total $964,919 · program services $778,168 · management and general $179,718 · fundraising $7,033

  • 11b · Fees: legal

    total $143,115 · management and general $143,115

  • 11c · Fees: accounting

    total $162,353 · management and general $162,353

  • 11g · Fees: other

    total $5,352,085 · program services $5,181,468 · management and general $130,464 · fundraising $40,153

  • 13 · Office expenses

    total $891,187 · program services $746,097 · management and general $132,853 · fundraising $12,237

  • 14 · Information technology

    total $146,149 · program services $121,857 · management and general $22,243 · fundraising $2,049

  • 16 · Occupancy

    total $1,415,261 · program services $1,180,025 · management and general $215,396 · fundraising $19,840

  • 17 · Travel

    total $360,277 · program services $300,394 · management and general $54,832 · fundraising $5,051

  • 20 · Interest

    total $1,420 · management and general $1,420

  • 22 · Depreciation, depletion and amortization

    total $176,359 · program services $147,047 · management and general $26,840 · fundraising $2,472

  • 23 · Insurance

    total $91,141 · program services $75,992 · management and general $13,871 · fundraising $1,278

  • 24a · Other expenses: FIELD BUILDING AND OUTR

    total $302,582 · program services $302,582

  • 24b · Other expenses: DUES AND FEES

    total $275,417 · program services $229,463 · management and general $42,078 · fundraising $3,876

  • 24c · Other expenses: MISCELLANEOUS

    total $147,970 · program services $121,898 · management and general $23,873 · fundraising $2,199

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $45,251 · program services $34,754 · management and general $9,612 · fundraising $885

  • 24e · All other expenses

    total $20,484 · program services $15,500 · management and general $4,984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,379,426 · end of year $2,800,830

  • 2 · Savings and temporary cash investments

    beginning of year $18,480,608 · end of year $12,390,807

  • 3 · Pledges and grants receivable

    beginning of year $443,217 · end of year $715,062

  • 4 · Accounts receivable

    beginning of year $2,078,959 · end of year $2,633,961

  • 9 · Prepaid expenses and deferred charges

    beginning of year $626,244 · end of year $596,555

  • 10a · Land, buildings and equipment: cost or other basis

    $1,212,471

  • 10b · Land, buildings and equipment: accumulated depreciation

    $954,691

  • 10c · Land, buildings and equipment, net

    beginning of year $415,656 · end of year $257,780

  • 11 · Investments: publicly traded securities

    beginning of year $55,007

  • 13 · Investments: program-related

    beginning of year $492,184 · end of year $492,184

  • 15 · Other assets

    beginning of year $536,487 · end of year $4,957,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,832,200 · end of year $2,380,588

  • 19 · Deferred revenue

    beginning of year $730,351 · end of year $651,414

  • 23 · Secured mortgages and notes payable

    beginning of year $11,639

  • 24 · Unsecured notes and loans payable

    beginning of year $1,874,502

  • 25 · Other liabilities

    beginning of year $716,507 · end of year $5,675,234

  • 27 · Net assets without donor restrictions

    beginning of year $14,978,429 · end of year $13,600,343

  • 28 · Net assets with donor restrictions

    beginning of year $4,364,160 · end of year $2,537,207

Mission and programs · 2022

Mission

FSG IS AN INTERNATIONAL NONPROFIT SOCIAL ENTERPRISE WITH A MISSION OF ACCELERATING THE PACE OF SOCIAL PROGRESS THROUGH PHILANTHROPIC LEADERSHIP. FSG ACHIEVES ITS MISSION BY PROVIDING STRATEGY CONSULTING, PROGRAM EVALUATION, RESEARCH AND THOUGHT LEADERSHIP TO THE NONPROFIT AND PHILANTHROPIC COMMUNITIES.

Activities or mission (Part I)

FSG'S MISSION IS TO ACCELERATE SOCIAL PROGRESS BY WORKING WITH FOUNDATIONS, NONPROFIT ORGANIZATIONS, GOVERNMENTS AND CORPORATIONS TO INCREASE THEIR IMPACT ON SOLVING SOCIAL PROBLEMS.

  • FSG WORKED ON 15+ EDUCATION & YOUTH PROJECTS IN 2022, OF VARIOUS SIZES AND SCALE. OUR CLIENTS SPANNED COMPANIES, FOUNDATIONS, AND NONPROFITS. TOPICALLY, PROJECTS COVERED MANY DIFFERENT ISSUES IN THE EDUCATION SPACE AND INCLUDED BOTH PLACE-BASED AND NATIONAL STRATEGIES. PROJECTS FOCUSED ON A STATE-SPECIFIC EVALUATION OF EDUCATION SYSTEMS CHANGE WORK, U.S. EDUCATION STRATEGY FOR A MULTINATIONAL CORPORATE FOUNDATION, A DEVELOPMENTAL EVALUATION AND A LEARNING COMMUNITY AROUND CHILD WELFARE, A STRATEGIC REVIEW OF A FOUNDATION'S EDUCATION PORTFOLIO, AND A STRATEGIC LEARNING FRAMEWORK FOR A COMMUNITY COLLEGE.

    Expenses $2,798,006 · Revenue $2,298,428

  • FSG'S US HEALTH PRACTICE ENGAGED IN 20 PROJECTS OVER THE COURSE OF 2022. MUCH OF THE WORK WAS WITH FOUNDATIONS, THOUGH WE ENGAGED WITH TWO VERY LARGE HEALTH CARE COMPANIES ON ENTERPRISE-WIDE HEALTH EQUITY STRATEGIES. OUR EVALUATION AND LEARNING PROJECTS FOCUSED ON ADOLESCENT MENTAL HEALTH, CHILD DEVELOPMENT, FOOD INITIATIVES, FAMILY-SUPPORTIVE PROGRAMMING, A LEARNING COHORT FOR HEALTH FOUNDATION GRANTEES, AND SHARED MEASUREMENT SUPPORT FOR GRANTEES. OTHER WORK INCLUDED PLACE-BASED COLLECTIVE IMPACT IMPLEMENTATION SUPPORT FOR A COMMUNITY FOUNDATION AND LANDSCAPE PROFILING FOR A CORPORATE FOUNDATION.

    Expenses $4,003,983 · Revenue $3,289,080

  • FSG WORKED ON NEARLY 50 PROJECTS WITH AN ECONOMIC MOBILITY FOCUS IN 2022, SPANNING FIVE CONTINENTS. GLOBAL WORK FOCUSED ON WASH IN SEVERAL AFRICAN NATIONS, A COLLECTIVE IMPACT PROJECT IN BANGLADESH, SHARED VALUE SUPPORT FOR AN ASSET MANAGEMENT COMPANY IN BOLIVIA, AND WORK ON SMES WITH A LARGE BEVERAGE COMPANY. MANY OTHER PROJECTS, WITH COMPANIES, FOUNDATIONS, AND NONPROFITS, HAD A WORKFORCE DEVELOPMENT FOCUS. FSG ALSO WORKED WITH SEVERAL FINANCIAL INSTITUTION'S FOUNDATIONS IN THE U.S. ON STRATEGIES TO SUPPORT ECONOMIC MOBILITY AND INCLUSIVE ECONOMIES.

    Expenses $3,198,375 · Revenue $2,627,312

  • FSG COMPLETED NUMEROUS FIELD-BUILDING AND KNOWLEDGE PROJECTS, FULFILLING OUR MISSION OF ACCELERATING THE PACE OF SOCIAL PROGRESS THROUGH PHILANTHROPIC LEADERSHIP. AS PART OF OUR FIELD-BUILDING ACTIVITIES, FSG AND ITS LEARNING COMMUNITIES (THE COLLECTIVE IMPACT FORUM AND TALENT REWIRE) HOSTED NUMEROUS VIRTUAL EVENTS (WEBINARS, CONFERENCES, CONVENINGS) FOR PRACTITIONERS AND PHILANTHROPIC LEADERS ON A VARIETY OF TOPICS. WE ALSO DEVELOPED AND PUBLISHED NEW RESEARCH AND TOOLS ON HOW TO ADDRESS SOCIAL PROBLEMS AND EVALUATE SOCIAL IMPACT, WHICH WE MAKE AVAILABLE FOR FREE ON OUR WEBSITES AS PDFS, PODCASTS, AND VIDEOS.

    Expenses $10,144,736 · Revenue $8,639,504

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GREGORY HILLS

    CHIEF EXECUTIVE OFFICER (UNTIL 11/18/22)

    Total calculated
    $396,295
    From this org
    $366,669
    From related orgs
    $0
    Other
    $29,626
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $366,669
    Bonus
    $0
    Other
    $0
    Deferred
    $4,350
    Nontaxable benefits
    $25,276
    Filer's total
    $396,295

  • FAY HANLEYBROWN

    MANAGING DIRECTOR

    Total calculated
    $360,503
    From this org
    $328,014
    From related orgs
    $0
    Other
    $32,489
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $328,014
    Bonus
    $0
    Other
    $0
    Deferred
    $4,350
    Nontaxable benefits
    $28,139
    Filer's total
    $360,503

  • JEFFREY COHEN

    MANAGING DIRECTOR

    Total calculated
    $288,334
    From this org
    $272,377
    From related orgs
    $0
    Other
    $15,957
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $272,377
    Bonus
    $0
    Other
    $0
    Deferred
    $3,992
    Nontaxable benefits
    $11,965
    Filer's total
    $288,334

  • JOHN HARPER

    MANAGING DIRECTOR

    Total calculated
    $278,302
    From this org
    $262,789
    From related orgs
    $0
    Other
    $15,513
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $262,789
    Bonus
    $0
    Other
    $0
    Deferred
    $3,709
    Nontaxable benefits
    $11,804
    Filer's total
    $278,302

  • JENNIFER COOPERMAN

    CFO AND INTERIM CO-CHIEF EXECUTIVE OFFICER

    Total calculated
    $275,406
    From this org
    $252,182
    From related orgs
    $0
    Other
    $23,224
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $252,182
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,224
    Filer's total
    $275,406

  • SEBASTIEN MAZZURI

    MANAGING DIRECTOR - GENEVA

    Total calculated
    $268,526
    From this org
    $262,233
    From related orgs
    $0
    Other
    $6,293
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $262,233
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,293
    Filer's total
    $268,526

  • ROBERTA SILTEN

    INTERIM CO-CHIEF EXECUTIVE OFFICER

    Total calculated
    $266,621
    From this org
    $260,707
    From related orgs
    $0
    Other
    $5,914
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $260,707
    Bonus
    $0
    Other
    $0
    Deferred
    $3,755
    Nontaxable benefits
    $2,159
    Filer's total
    $266,621

  • CHIRLIE FELIX

    MANAGING DIRECTOR

    Total calculated
    $261,013
    From this org
    $236,139
    From related orgs
    $0
    Other
    $24,874
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $236,139
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,874
    Filer's total
    $261,013

  • SHUMECA PICKETT

    MANAGING DIRECTOR

    Total calculated
    $245,115
    From this org
    $233,289
    From related orgs
    $0
    Other
    $11,826
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $233,289
    Bonus
    $0
    Other
    $0
    Deferred
    $271
    Nontaxable benefits
    $11,555
    Filer's total
    $245,115

  • MARK RUSSELL

    CHIEF MARKETING & COMMUNICATION

    Total calculated
    $231,066
    From this org
    $199,900
    From related orgs
    $0
    Other
    $31,166
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $199,900
    Bonus
    $0
    Other
    $0
    Deferred
    $2,861
    Nontaxable benefits
    $28,305
    Filer's total
    $231,066

  • JOHN KANIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANE WALES

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LANCE FORS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CLOTILDE PEREZ-BODE DEDECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAUREN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK KRAMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANGELA GLOVER BLACKWELL

    DIRECTOR (UNTIL 12/31/22)

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FSG ADVISORY SERVICES PVT LTD

    C · PROGRAM SERVICES · IN · 100% owned · share of income $2,774,112 · share of assets $1,304,930 · controlled entity

    Directly controlled by FSG INC

  • FSG SOCIAL ADVISORS LIMITED

    C · PROGRAM SERVICES · UK · 100% owned · share of income $169,794 · share of assets -$329,471 · controlled entity

    Directly controlled by FSG INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 September 2023
IRS schema version
2022v5.0
Source object
202322579349300822

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