Fsg Inc
- Assets
- $13.6m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 88
- Location
- Boston, MA
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 20-2776974
Organization Overview
Fsg Inc is located in Boston, MA. The organization was established in 2006. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Fsg Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fsg Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Fsg Inc generated $15.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $21.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kania Director | Trustee | 2 | $0 |
Jane Wales Board Chair | Trustee | 2 | $0 |
Lance Fors Director (until 5/2023) | Trustee | 2 | $0 |
Clotilde Perez-Bode Dedecker Director | Trustee | 2 | $0 |
Lauren Smith Director | Trustee | 2 | $0 |
Mark Kramer Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mintz Levin Cohn Ferris Glovsky & P Legal Services | 12/30/23 | $162,309 |
Leading Inside Out Llc Senior Advisor Services For Ci Forum And | 12/30/23 | $132,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,892,917 |
| Noncash contributions included in lines 1a–1f | $113,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,892,917 |
| Total Program Service Revenue | $10,990,656 |
| Investment income | $417,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,348,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,595,523 |
| Compensation of current officers, directors, key employees. | $630,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,908,479 |
| Pension plan accruals and contributions | $95,072 |
| Other employee benefits | $1,294,250 |
| Payroll taxes | $1,007,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $179,264 |
| Fees for services: Accounting | $96,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,958,342 |
| Advertising and promotion | $0 |
| Office expenses | $760,896 |
| Information technology | $132,410 |
| Royalties | $0 |
| Occupancy | $550,337 |
| Travel | $281,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,498 |
| Insurance | $97,921 |
| All other expenses | $54,830 |
| Total functional expenses | $21,822,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $971,644 |
| Savings and temporary cash investments | $6,890,149 |
| Pledges and grants receivable | $502,473 |
| Accounts receivable, net | $1,941,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $399,827 |
| Net Land, buildings, and equipment | $197,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $492,184 |
| Intangible assets | $0 |
| Other assets | $2,168,722 |
| Total assets | $13,564,528 |
| Accounts payable and accrued expenses | $1,236,122 |
| Grants payable | $0 |
| Deferred revenue | $489,295 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,175,507 |
| Total liabilities | $3,900,924 |
| Net assets without donor restrictions | $7,121,557 |
| Net assets with donor restrictions | $2,542,047 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,564,528 |
Grants Awarded
Over the last fiscal year, Fsg Inc has awarded $40,484 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPONSORS FOR EDUCATIONAL OPPORTUNITY PURPOSE: YOUTH DEVELOPMENT PROGRAMS | $25,000 |
JUST CAPITAL FOUNDATION INC PURPOSE: ADVANCING CORPORATE RACIAL EQUITY EFFORTS | $15,484 |