2024-08-13T13:02:19-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 202776974 FSG INC FSGI 6173574000 179 LINCOLN STREET BOSTON MA 02111 JENNIFER COOPERMAN CFO 6173574000 2024-08-12 1 1 DAVID KELLEHER CPA P01059560 5083669100 2024-08-12 2023 2024-08-08 14:25:15Z JENNIFER COOPERMAN 179 LINCOLN STREET BOSTON MA 02111 15854622 0 X WWW.FSG.ORG X 2005 MA 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. 5 5 88 19 0 0 4619686 3892917 16540904 10990656 175054 417635 313420 47216 21649064 15348424 0 0 0 0 14313075 14900850 0 0 378931 9531051 6921520 23844126 21822370 -2195062 -6473946 24844786 13564528 8707236 3900924 16137550 9663604 X 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. 0 0 2193997 1298379 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. 3054650 1807703 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. 4726310 2796970 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. 7792776 5134820 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. 7792776 5134820 17767733 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 62 0 1 88 1 0 1 SZ IN 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 MA CA NY GA X X JENNIFER COOPERMAN CFO 6173574000 179 LINCOLN STREET BOSTON MA 02111 JOHN KANIA DIRECTOR 2.00 X 0 0 0 JANE WALES BOARD CHAIR 2.00 X 0 0 0 LANCE FORS DIRECTOR (UNTIL 5/2023) 2.00 X 0 0 0 CLOTILDE PEREZ-BODE DEDECKER DIRECTOR 2.00 X 0 0 0 LAUREN SMITH DIRECTOR 2.00 X 0 0 0 MARK KRAMER DIRECTOR 2.00 X 0 0 0 JENNIFER COOPERMAN CO-CEO/CFO 60.00 X 311800 0 35047 ROBERTA SILTEN CO-CEO 60.00 X 272038 0 7230 MARK RUSSELL CHIEF MARKETING OFFICER 60.00 X 266782 0 23031 MARCIA LOMONACO CHIEF PEOPLE OFFICER 60.00 X 263398 0 15018 SEBASTIEN MAZZURI MANAGING DIRECTOR - GENEVA 60.00 X 381034 0 28048 FAY HANLEYBROWN MANAGING DIRECTOR 60.00 X 329696 0 38391 VERONICA BORGONOVI DIRECTOR 60.00 X 241483 0 14435 JOHN HARPER MANAGING DIRECTOR 60.00 X 275103 0 16068 CHIRLIE FELIX MANAGING DIRECTOR 60.00 X 244334 0 34124 SHUMECA PICKETT MANAGING DIRECTOR 60.00 X 260797 0 14017 GREGORY HILLS FORMER CHIEF EXECUTIVE OFFICER 60.00 X 306519 0 21008 3152984 0 246417 55 1 1 0 MINTZ LEVIN COHN FERRIS GLOVSKY & P ONE FINANCIAL CENTER BOSTON MA 02212 LEGAL SERVICES 162309 LEADING INSIDE OUT LLC 2846 N STOWELL AVENUE MILWAUKEE WI 53211 SENIOR ADVISOR SERVICES FOR CI FORUM AND 132487 2 3892917 113799 3892917 CONSULTING SERVICES 541900 10247777 10247777 CONFERENCE PRESENTATIONS 541900 742879 742879 10990656 417635 417635 506198 506198 0 MISCELLANEOUS REVENUE 900099 47216 47216 47216 15348424 11037872 0 417635 X 1595523 935760 630972 28791 10908479 9212427 1488303 207749 95072 78459 15884 729 1294250 1075370 204041 14839 1007526 823911 166457 17158 179264 179264 96029 96029 3958342 3479100 419492 59750 760896 622954 124785 13157 132410 108406 21715 2289 550337 358800 173269 18268 281322 230322 46136 4864 966 966 170498 146780 21456 2262 97921 79176 16957 1788 DUES AND FEES 232701 190515 38162 4024 FIELD BUILDING AND OUTR 226266 226266 MISCELLANEOUS 100248 82073 16442 1733 WRITE-OFF OF RELATED PA 79490 79490 54830 37924 15376 1530 21822370 17767733 3675706 378931 2800830 971644 12390807 6890149 715062 502473 2633961 1941704 596555 399827 1035237 837412 257780 197825 492184 492184 4957607 2168722 24844786 13564528 2380588 1236122 651414 489295 5675234 2175507 8707236 3900924 X 13600343 7121557 2537207 2542047 16137550 9663604 24844786 13564528 -6473946 0 X X 0 1 X 1 0 X 4563115 7453449 4264556 4619686 3892917 24793723 16882267 16935576 15956254 16854324 11037872 77666293 21445382 24389025 20220810 21474010 14930789 102460016 2318883 6347738 1496000 1971000 3360858 15494479 4563854 6173477 6128450 7027364 4555428 28448573 6882737 12521215 7624450 8998364 7916286 43943052 58516964 272565 34804 19507 175054 923833 1425763 272565 34804 19507 175054 923833 1425763 21717947 24423829 20240317 21649064 15854622 103885779 0.56330 0.60360 0.01370 0.00470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 554408 458425 95983 266432 191340 75092 214397 187647 26750 197825 DEPOSITS 226839 RIGHT-OF-USE ASSETS - FINANCE 64989 RIGHT-OF-USE ASSETS - OPERATING 1608579 DUE FROM RELATED PARTY - INDIA 268315 2168722 FINANCE LEASE LIABILITIES 65718 OPERATING LEASE LIABILITIES 2109789 2175507 X PART X, LINE 2: FSG ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FSG HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2023. SWITZERLAND 1 10 PROGRAM SERVICES SOCIAL IMPACT CONSULTING 2077637 INDIA 1 43 PROGRAM SERVICES SOCIAL IMPACT CONSULTING 2374906 2 53 0 0 2 53 4452543 0 4452543 1 0 1 0 0 0 X X X X X 1 0 0 0 0 0 0 0 0 SEBASTIEN MAZZURI MANAGING DIRECTOR - GENEVA 381034 0 0 0 0 0 22048 0 6000 0 409082 0 0 0 FAY HANLEYBROWN MANAGING DIRECTOR 329696 0 0 0 0 0 4575 0 33816 0 368087 0 0 0 JENNIFER COOPERMAN CO-CEO/CFO 311800 0 0 0 0 0 3829 0 31218 0 346847 0 0 0 GREGORY HILLS FORMER CHIEF EXECUTIVE OFFICER 0 0 0 0 306519 0 0 0 21008 0 327527 0 0 0 JOHN HARPER MANAGING DIRECTOR 275103 0 0 0 0 0 3968 0 12100 0 291171 0 0 0 MARK RUSSELL CHIEF MARKETING OFFICER 266782 0 0 0 0 0 2998 0 20033 0 289813 0 0 0 ROBERTA SILTEN CO-CEO 272038 0 0 0 0 0 3918 0 3312 0 279268 0 0 0 CHIRLIE FELIX MANAGING DIRECTOR 244334 0 0 0 0 0 3542 0 30582 0 278458 0 0 0 MARCIA LOMONACO CHIEF PEOPLE OFFICER 263398 0 0 0 0 0 2543 0 12475 0 278416 0 0 0 SHUMECA PICKETT MANAGING DIRECTOR 260797 0 0 0 0 0 3542 0 10475 0 274814 0 0 0 VERONICA BORGONOVI DIRECTOR 241483 0 0 0 0 0 2581 0 11854 0 255918 0 0 0 PART I, LINE 4A GREG HILLS, FORMER CEO, RECEIVED A SEVERANCE PAYMENT IN 2023. X LICENSES 500 113799 COST OR SELLING PRIC 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DETAILED REVIEW OF THE 990 IS PERFORMED BY TOP MANAGEMENT OF THE ORGANIZATION BEFORE FILING. THE 990 WAS PROVIDED TO THE AUDIT AND FINANCE COMMITTEE OF THE BOARD BEFORE FILING. THE 990 IS PROVIDED TO THE BOARD AT A SUBSEQUENT BOARD MEETING FOLLOWING ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW AND SIGN THE WRITTEN CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THIS FORM REQUIRES EACH PERSON TO IDENTIFY ANY RELATIONSHIPS THAT MAY POTENTIALLY BE CONFLICTS OF INTEREST UNDER THE POLICY. THE ORGANIZATION THEN INVESTIGATES THE POTENTIAL CONFLICT AND TAKES ANY APPROPRIATE ACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE CO-CEO'S SALARY WAS DETERMINED BY THE BOARD OF GOVERNANCE. IN MAKING ITS DECISIONS ON COMPENSATION LEVELS, THE BOARD RELIED ON COMPARATIVE COMPENSATION INFORMATION GATHERED IN 2021 FROM SIMILAR ORGANIZATIONS. THE CO-CEO WAS NOT INVOLVED IN SETTING COMPENSATION LEVELS. COMPENSATION OF OFFICERS AND KEY EMPLOYEES WAS DETERMINED BY THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS USING COMPARATIVE SALARY DATA FROM VARIOUS RESOURCES INCLUDING SALARY.COM/COMPANALYST AND AN INDEPENDENT COMPENSATION STUDY. IN NO CASE DID AN INDIVIDUAL WITH AN INTEREST IN A SPECIFIC COMPENSATION AMOUNT PARTICIPATE IN THE COMPENSATION APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS ARE TO BE MADE DIRECTLY TO THE INDIVIDUAL LISTED IN PART VI, SECTION C, LINE 20. FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THIRD PARTY WEBSITES SUCH AS GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL DIVISION OF PUBLIC CHARITIES. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 3,479,100. MANAGEMENT AND GENERAL EXPENSES 419,492. FUNDRAISING EXPENSES 59,750. TOTAL EXPENSES 3,958,342. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FSG ADVISORY SERVICES PVT LTD 158 CST ROAD KALINA SANTACRUZ EAST MUMBAI IN 400 098 PROGRAM SERVICES IN FSG INC C 2415756 1229865 1.00000 1 FSG SOCIAL ADVISORS LIMITED 1-2 ACADEMY BLDNG FENSHAW ST LONDON UK N16LQ PROGRAM SERVICES UK FSG INC C 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 FSG ADVISORY SERVICES PVT LTD D 268315 FMV