Fclt Co, operating under the name Fcltglobal, is located in Boston, MA. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Fcltglobal employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fcltglobal 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 06/2023, Fcltglobal generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO FOCUS CAPITAL ON THE LONG TERM TO SUPPORT A SUSTAINABLE AND PROSPEROUS ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING RESEARCH, COVENING BUSINESS LEADERS, DEVELOPING EDUCATIONAL RESOURCES AND ACTIONABLE RECOMMENDATIONS, AND GENERATING BROAD AWARENESS OF WAYS IN WHICH A LONGER-TERM FOCUS CAN INCREASE INNOVATION, ECONOMIC GROWTH AND FUTURE SAVINGS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carmine Disibio Director | Trustee | 1 | $0 |
Adena Friedman Director | Trustee | 1 | $0 |
John Graham Director | Trustee | 1 | $0 |
Peter Harrison Director | Trustee | 1 | $0 |
Alan Jope Director | Trustee | 1 | $0 |
Kewsong Lee Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,676,803 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $8,030 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,676,803 |
Total Program Service Revenue | $1,695,227 |
Investment income | $113,603 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $36,765 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,522,420 |
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. | $1,518,776 |
Compensation of current officers, directors, key employees. | $171,899 |
Compensation to disqualified persons | $1,689,168 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $42,075 |
Other employee benefits | $161,007 |
Payroll taxes | $203,004 |
Fees for services: Management | $81,465 |
Fees for services: Legal | $20,715 |
Fees for services: Accounting | $68,250 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $119,485 |
Advertising and promotion | $267,518 |
Office expenses | $59,428 |
Information technology | $35,046 |
Royalties | $0 |
Occupancy | $142,412 |
Travel | $184,469 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $186 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $31,665 |
Insurance | $13,657 |
All other expenses | $0 |
Total functional expenses | $4,708,486 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $250,000 |
Savings and temporary cash investments | $3,459,509 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $260,250 |
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 | $109,209 |
Net Land, buildings, and equipment | $26,036 |
Investments—publicly traded securities | $1,932,459 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $310,877 |
Total assets | $6,348,340 |
Accounts payable and accrued expenses | $433,207 |
Grants payable | $0 |
Deferred revenue | $743,580 |
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 | $257,635 |
Total liabilities | $1,434,422 |
Net assets without donor restrictions | $4,705,918 |
Net assets with donor restrictions | $208,000 |
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 | $6,348,340 |