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Nonprofiteer
← FSG INC

Form 990 for tax year 2023

Filed by FSG INC.

Totals

Total revenue
$15,348,424
Total expenses
$21,822,370
Contributions and grants received
$3,892,917
Grants paid
$0
Program service revenue
$10,990,656
Investment income
$417,635
Other revenue
$47,216
Total assets, end of year
$13,564,528
Total liabilities, end of year
$3,900,924
Net assets or fund balances, end of year
$9,663,604
Program services expenses (Part IX)
$17,767,733
Management and general expenses
$3,675,706
Fundraising expenses
$378,931
Program service expenses (Part III)
$17,767,733

Program services were 81.4% 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.

  • 1f · All other contributions, gifts and grants

    $3,892,917

  • 1g · Noncash contributions included above

    $113,799

  • 2a · Program service revenue: CONSULTING SERVICES

    total $10,247,777 · related or exempt $10,247,777

  • 2b · Program service revenue: CONFERENCE PRESENTATIONS

    total $742,879 · related or exempt $742,879

  • 3 · Investment income

    total $417,635 · excluded $417,635

  • 6a · Gross rents

    real property $506,198

  • 6b · Less rental expenses

    real property $506,198

  • 6c · Rental income or loss

    real property $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $47,216 · related or exempt $47,216

  • 11e · Other revenue, total

    $47,216

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,595,523 · program services $935,760 · management and general $630,972 · fundraising $28,791

  • 7 · Other salaries and wages

    total $10,908,479 · program services $9,212,427 · management and general $1,488,303 · fundraising $207,749

  • 8 · Pension plan contributions

    total $95,072 · program services $78,459 · management and general $15,884 · fundraising $729

  • 9 · Other employee benefits

    total $1,294,250 · program services $1,075,370 · management and general $204,041 · fundraising $14,839

  • 10 · Payroll taxes

    total $1,007,526 · program services $823,911 · management and general $166,457 · fundraising $17,158

  • 11b · Fees: legal

    total $179,264 · management and general $179,264

  • 11c · Fees: accounting

    total $96,029 · management and general $96,029

  • 11g · Fees: other

    total $3,958,342 · program services $3,479,100 · management and general $419,492 · fundraising $59,750

  • 13 · Office expenses

    total $760,896 · program services $622,954 · management and general $124,785 · fundraising $13,157

  • 14 · Information technology

    total $132,410 · program services $108,406 · management and general $21,715 · fundraising $2,289

  • 16 · Occupancy

    total $550,337 · program services $358,800 · management and general $173,269 · fundraising $18,268

  • 17 · Travel

    total $281,322 · program services $230,322 · management and general $46,136 · fundraising $4,864

  • 20 · Interest

    total $966 · management and general $966

  • 22 · Depreciation, depletion and amortization

    total $170,498 · program services $146,780 · management and general $21,456 · fundraising $2,262

  • 23 · Insurance

    total $97,921 · program services $79,176 · management and general $16,957 · fundraising $1,788

  • 24a · Other expenses: DUES AND FEES

    total $232,701 · program services $190,515 · management and general $38,162 · fundraising $4,024

  • 24b · Other expenses: FIELD BUILDING AND OUTR

    total $226,266 · program services $226,266

  • 24c · Other expenses: MISCELLANEOUS

    total $100,248 · program services $82,073 · management and general $16,442 · fundraising $1,733

  • 24d · Other expenses: WRITE-OFF OF RELATED PA

    total $79,490 · program services $79,490

  • 24e · All other expenses

    total $54,830 · program services $37,924 · management and general $15,376 · fundraising $1,530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,800,830 · end of year $971,644

  • 2 · Savings and temporary cash investments

    beginning of year $12,390,807 · end of year $6,890,149

  • 3 · Pledges and grants receivable

    beginning of year $715,062 · end of year $502,473

  • 4 · Accounts receivable

    beginning of year $2,633,961 · end of year $1,941,704

  • 9 · Prepaid expenses and deferred charges

    beginning of year $596,555 · end of year $399,827

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

    $1,035,237

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

    $837,412

  • 10c · Land, buildings and equipment, net

    beginning of year $257,780 · end of year $197,825

  • 13 · Investments: program-related

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

  • 15 · Other assets

    beginning of year $4,957,607 · end of year $2,168,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,380,588 · end of year $1,236,122

  • 19 · Deferred revenue

    beginning of year $651,414 · end of year $489,295

  • 25 · Other liabilities

    beginning of year $5,675,234 · end of year $2,175,507

  • 27 · Net assets without donor restrictions

    beginning of year $13,600,343 · end of year $7,121,557

  • 28 · Net assets with donor restrictions

    beginning of year $2,537,207 · end of year $2,542,047

Mission and programs · 2023

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'S COLLABORATIVE WORK IN 2023 PRIMARILY WAS BASED ON OUR WORK WITH THE COLLECTIVE IMPACT FORUM, WHERE WE LED A SUCCESSFUL ANNUAL COLLECTIVE IMPACT ACTION SUMMIT, AS WELL AS FACILITATED A SERIES OF WORKSHOPS FOR PRACTITIONERS IN THE FIELD, ALONGSIDE SMALLER COACHING PROJECTS. OTHER CONSULTING PROJECTS INCLUDED A FOCUS ON HOUSING, MENTAL AND BEHAVIORAL HEALTH, WORKERS IN BANGLADESH, AND NON-COMMUNICABLE DISEASES.

    Expenses $2,193,997 · Revenue $1,298,379

  • FSG'S US HEALTH PRACTICE ENGAGED IN NEARLY 20 PROJECTS OVER THE COURSE OF 2023, SPANNING BOTH FOUNDATIONS AND HEALTH CARE COMPANIES. PROJECTS WITH FOUNDATIONS INCLUDED A REGIONAL STRATEGY FOR YOUTH MENTAL HEALTH, SEVERAL HEALTH EQUITY-FOCUSED STRATEGIC PLANS, A GRANTEE LEARNING COHORT ON BEHAVIORAL HEALTH SYSTEMS, AND SEVERAL OTHER MLE-FOCUSED PLANS. OTHER WORK INCLUDED GLOBAL HEALTH EQUITY STRATEGY AND INTERNAL LEARNING COHORTS FOR HEALTH CARE COMPANIES, AS WELL AS DEVELOPING A LEARNING SYSTEM FOR A HEALTH CARE SYSTEM FOUNDATION.

    Expenses $3,054,650 · Revenue $1,807,703

  • FSG WORKED ON NEARLY 30 PROJECTS WITH AN ECONOMIC MOBILITY FOCUS IN 2023, SPANNING FOUR CONTINENTS AND MANY REGIONS WITHIN THE U.S.. GLOBAL WORK FOCUSED ON A COLLECTIVE IMPACT PROJECT IN BANGLADESH, WORKFORCE IMPLICATIONS OF A JUST TRANSITION, SHARED VALUE SUPPORT FOR AN ASSET MANAGEMENT COMPANY IN BOLIVIA, WORK ON SMES WITH A LARGE BEVERAGE COMPANY, AND WORK WITH A EUROPEAN CORPORATE FOUNDATION. U.S.-BASED PROJECTS INCLUDED PLACE-BASED CORPORATE FOUNDATION STRATEGY FOCUSED ON ECONOMIC MOBILITY IN THEIR HOME REGION, WORKFORCE PROJECTS FOCUSED ON STEM, RETAIL AND TECH INDUSTRIES, AND PRIVATE FOUNDATION PROJECTS FOCUSED ON SHIFTING POWER AND ECONOMIC OPPORTUNITY.

    Expenses $4,726,310 · Revenue $2,796,970

  • 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 $7,792,776 · Revenue $5,134,820

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Kania

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jane Wales

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lance Fors

    DIRECTOR (UNTIL 5/2023)

    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

  • Jennifer Cooperman

    CO-CEO/CFO

    Total calculated
    $346,847
    From this org
    $311,800
    From related orgs
    $0
    Other
    $35,047
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $311,800
    Bonus
    $0
    Other
    $0
    Deferred
    $3,829
    Nontaxable benefits
    $31,218
    Filer's total
    $346,847

  • Roberta Silten

    CO-CEO

    Total calculated
    $279,268
    From this org
    $272,038
    From related orgs
    $0
    Other
    $7,230
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $272,038
    Bonus
    $0
    Other
    $0
    Deferred
    $3,918
    Nontaxable benefits
    $3,312
    Filer's total
    $279,268

  • Mark Russell

    CHIEF MARKETING OFFICER

    Total calculated
    $289,813
    From this org
    $266,782
    From related orgs
    $0
    Other
    $23,031
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $266,782
    Bonus
    $0
    Other
    $0
    Deferred
    $2,998
    Nontaxable benefits
    $20,033
    Filer's total
    $289,813

  • Marcia Lomonaco

    CHIEF PEOPLE OFFICER

    Total calculated
    $278,416
    From this org
    $263,398
    From related orgs
    $0
    Other
    $15,018
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $263,398
    Bonus
    $0
    Other
    $0
    Deferred
    $2,543
    Nontaxable benefits
    $12,475
    Filer's total
    $278,416

  • Sebastien Mazzuri

    MANAGING DIRECTOR - GENEVA

    Total calculated
    $409,082
    From this org
    $381,034
    From related orgs
    $0
    Other
    $28,048
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $381,034
    Bonus
    $0
    Other
    $0
    Deferred
    $22,048
    Nontaxable benefits
    $6,000
    Filer's total
    $409,082

  • Fay Hanleybrown

    MANAGING DIRECTOR

    Total calculated
    $368,087
    From this org
    $329,696
    From related orgs
    $0
    Other
    $38,391
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $329,696
    Bonus
    $0
    Other
    $0
    Deferred
    $4,575
    Nontaxable benefits
    $33,816
    Filer's total
    $368,087

  • Veronica Borgonovi

    DIRECTOR

    Total calculated
    $255,918
    From this org
    $241,483
    From related orgs
    $0
    Other
    $14,435
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $241,483
    Bonus
    $0
    Other
    $0
    Deferred
    $2,581
    Nontaxable benefits
    $11,854
    Filer's total
    $255,918

  • John Harper

    MANAGING DIRECTOR

    Total calculated
    $291,171
    From this org
    $275,103
    From related orgs
    $0
    Other
    $16,068
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $275,103
    Bonus
    $0
    Other
    $0
    Deferred
    $3,968
    Nontaxable benefits
    $12,100
    Filer's total
    $291,171

  • Chirlie Felix

    MANAGING DIRECTOR

    Total calculated
    $278,458
    From this org
    $244,334
    From related orgs
    $0
    Other
    $34,124
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $244,334
    Bonus
    $0
    Other
    $0
    Deferred
    $3,542
    Nontaxable benefits
    $30,582
    Filer's total
    $278,458

  • Shumeca Pickett

    MANAGING DIRECTOR

    Total calculated
    $274,814
    From this org
    $260,797
    From related orgs
    $0
    Other
    $14,017
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $260,797
    Bonus
    $0
    Other
    $0
    Deferred
    $3,542
    Nontaxable benefits
    $10,475
    Filer's total
    $274,814

  • Gregory Hills

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $327,527
    From this org
    $306,519
    From related orgs
    $0
    Other
    $21,008
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $306,519
    Deferred
    $0
    Nontaxable benefits
    $21,008
    Filer's total
    $327,527

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
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
GREG HILLS, FORMER CEO, RECEIVED A SEVERANCE PAYMENT IN 2023.

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 $2,415,756 · share of assets $1,229,865 · controlled entity

    Directly controlled by FSG INC

  • FSG SOCIAL ADVISORS LIMITED

    C · PROGRAM SERVICES · UK · 100% owned · controlled entity

    Directly controlled by FSG INC

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.1
Source object
202422269349300122

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