Nonprofit · EIN 81-2936865
FCLT CO
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,152,881 | $5,061,835 | $91,046 | $7,175,873 | $2,108,334 | $5,067,539 |
| June 30, 2024 | 990 | $5,143,439 | $5,123,397 | $20,042 | $7,307,307 | $2,332,234 | $4,975,073 |
| June 30, 2023 | 990 | $5,522,420 | $4,708,486 | $813,934 | $6,348,340 | $1,434,422 | $4,913,918 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,440,030
- Membership dues
- $3,432,000
- Program service revenue
- $1,477,417
- Investment income
- $235,434
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,536,276
- Other salaries and wages
- $1,912,114
- Salaries, compensation and benefits (total)
- $3,904,104
- Professional fundraising fees
- $0
- Legal fees
- $19,726
- Accounting fees
- $80,602
- Occupancy
- $205,633
- Travel
- $292,211
- Depreciation
- $37,865
- Program services (functional)
- $3,539,140
- Management and general (functional)
- $728,773
- Fundraising (functional)
- $793,922
Balance sheet and other
- Total assets, start of year
- $7,307,307
- Total assets, end of year
- $7,175,873
- Total liabilities, end of year
- $2,108,334
- Net assets, end of year
- $5,067,539
- Land, buildings and equipment
- $62,843
- Publicly traded securities
- $2,133,701
- Net assets without donor restrictions
- $4,703,539
- Net assets with donor restrictions
- $364,000
- Gross receipts
- $5,152,881
- Employees
- 21
- Volunteers
- 29
- Year formed
- 2016
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH KEOHANE WILLIAMSON | PRESIDENT & CEO Officer | 40 | $587,701 | $14,198 |
| KAITLIN BARBER | MANAGING DIR., GLOBAL RELATIONSHIPS Key employee | 40 | $279,450 | $16,935 |
| MARGARET ADAMS | MANAGING DIRECTOR (UNTIL 3/30/25) Highest-paid employee | 40 | $240,255 | $18,016 |
| ELIZABETH O'HARA | MANAGING DIRECTOR Highest-paid employee | 40 | $231,196 | $18,903 |
| JOHN LEATHERMAN | MANAGING DIRECTOR Highest-paid employee | 40 | $217,750 | $10,972 |
| OLIVIER LEBLEU | MANAGING DIRECTOR Highest-paid employee | 40 | $213,833 | $0 |
| ROSS PARKER | DIRECTOR OF COMMUNICATION Key employee | 40 | $178,489 | $30,206 |
| JOEL PAULA | DIRECTOR OF RESEARCH Highest-paid employee | 40 | $176,972 | $16,334 |
| LINDY LEK | DIRECTOR, GOVERNANCE & STRATEGY Key employee | 40 | $157,500 | $0 |
| CHRIS AILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAPHAEL ARNDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARMINE DISIBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER HARRISON | DIRECTOR (UNTIL 12/31/24) Trustee or director | 1 | $0 | $0 |
| ALAN JOPE | DIRECTOR (UNTIL 8/31/24) Trustee or director | 1 | $0 | $0 |
| KEWSONG LEE | DIRECTOR (UNTIL 8/31/24) Trustee or director | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD LOONEY | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL LORD | DIRECTOR (FROM 4/1/25) Trustee or director | 1 | $0 |
| GERALDINE MATCHETT | DIRECTOR (UNTIL 12/31/24) Trustee or director | 1 | $0 |
| DAVID NEAL | DIRECTOR Trustee or director | 1 | $0 |
| DILHAN PILLAY SANDRASEGARA | DIRECTOR Trustee or director | 1 | $0 |
| JOAO SCHMIDT | DIRECTOR Trustee or director | 1 | $0 |
| HEIN SCHUMACHER | DIRECTOR Trustee or director | 1 | $0 |
| CARINE SMITH IHENACHO | DIRECTOR Trustee or director | 1 | $0 |
| BOB STERNFELS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF TATE | DIRECTOR (FROM 10/1/24) Trustee or director | 1 | $0 |
| JANET TRUNCALE | DIRECTOR (FROM 10/1/24) Trustee or director | 1 | $0 |
| ALLYSON TUCKER | DIRECTOR (FROM 10/1/24) Trustee or director | 1 | $0 |
| CS VENKATAKHRISHNAN | DIRECTOR (FROM 10/1/24) Trustee or director | 1 | $0 |
| MARK WIEDMAN | DIRECTOR Trustee or director | 1 | $0 |
| RONALD WUIJSTER | DIRECTOR Trustee or director | 1 | $0 |
| LEI ZHANG | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GRAHAM | DIR., BOARD CHAIR (FROM 8/1/24) Trustee or director, Officer | 1 | $0 |
| THERESA WHITMARSH | DIR., BOARD CHAIR (UNTIL 7/31/24) Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH KEOHANE WILLIAMSON | PRESIDENT & CEO Officer | 40 | $546,880 | $13,639 |
| MARGARET ADAMS | MANAGING DIRECTOR Key employee | 40 | $263,421 | $15,132 |
| KAITLIN BARBER | MANAGING DIRECTOR Key employee | 40 | $251,174 | $13,589 |
| JOHN LEATHERMAN | MANAGING DIRECTOR Highest-paid employee | 40 | $202,500 | $12,925 |
| ELIZABETH O'HARA | MANAGING DIRECTOR Highest-paid employee | 40 | $178,537 | $15,007 |
| JOEL PAULA | DIRECTOR OF RESEARCH Highest-paid employee | 40 | $168,720 | $17,194 |
| ROSS PARKER | DIRECTOR OF COMMUNICATION Key employee | 40 | $152,797 | $28,961 |
| ALLEN HE | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $151,520 | $10,225 |
| JESS GASPAR | MANAGING DIRECTOR (UNTIL 6/14/24) Highest-paid employee | 40 | $144,977 | $3,736 |
| KERSTEN LANES | FMR MANAGING DIRECTOR (UNTIL 7/31/24) Former | 40 | $142,500 | $5,700 |
| STEVE BOXER | FMR MANAGING DIRECTOR (UNTIL 6/30/23) Former | 40 | $109,925 | $22,132 |
| CHRIS AILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARMINE DISIBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADENA FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN JOPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEWSONG LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BERNARD LOONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERALDINE MATCHETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID NEAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DILHAN PILLAY SANDRASEGARA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOAO SCHMIDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARINE SMITH IHENACHO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB STERNFELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK WIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RONALD WUIJSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEI ZHANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESA WHITMARSH | DIRECTOR, BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH KEOHANE WILLIAMSON | PRESIDENT & CEO Officer | 40 | $524,063 | $10,351 |
| MARGARET ADAMS | MANAGING DIRECTOR Key employee | 40 | $256,906 | $15,838 |
| KERSTEN LANES | MANAGING DIRECTOR (FROM 11/16/2022) Key employee | 16 | $258,875 | $6,328 |
| STEVE BOXER | MANAGING DIRECTOR Key employee | 30 | $212,541 | $25,089 |
| VEENA RAMANI | DIRECTOR (UNTIL 4/12/2023) Highest-paid employee | 40 | $175,243 | $39,505 |
| JOHN LEATHERMAN | MANAGING DIRECTOR Highest-paid employee | 40 | $191,500 | $10,038 |
| ARIEL BABCOCK | MANAGING DIRECTOR (UNTIL 8/11/2022) Key employee | 40 | $184,189 | $3,074 |
| JOEL PAULA | DIRECTOR Highest-paid employee | 40 | $157,031 | $13,902 |
| ROSS PARKER | DIRECTOR Highest-paid employee | 40 | $137,344 | $15,652 |
| ALLEN HE | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $128,851 | $11,727 |
| CARMINE DISIBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADENA FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN GRAHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN JOPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEWSONG LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHOW-KIAT LIM | DIRECTOR (UNTIL 8/31/2022) Trustee or director | 1 | $0 | $0 |
| BERNARD LOONEY | DIRECTOR (FROM 9/1/2022) Trustee or director | 1 | $0 | $0 |
| GERALDINE MATCHETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID NEAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DILHAN PILLAY SANDRASEGARA | DIRECTOR (FROM 9/1/2022) Trustee or director | 1 | $0 | $0 |
| KEVIN SNEADER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB STERNFELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOWARD UNGERLEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK WIEDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RONALD WUIJSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEI ZHANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESA WHITMARSH | CHAIR, DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 31 SAINT JAMES AVE STE 890, BOSTON, MA 02116-4120
- In care of
- % SULLIVAN & CROMWELL LLP
- Mailing address (990-N for 2015)
- 745 Boylston Street, Boston MA 02166
- Principal officer (990 for 2024)
- SARAH KEOHANE WILLIAMSON, 31 ST JAMES AVE 890, BOSTON, MA 02116
- Principal officer (990-N for 2015)
- Sarah Williamson, 745 Boylston Street, Boston MA 02166
- Signed the 990
- SARAH KEOHANE WILLIAMSON, PRESIDENT & CEO
- Phone
- (617) 203-6599
- Website
- www.fcltglobal.org
- Return prepared by
- RSM US LLP
Mission
FCLT CO. (FCLT) MISSION IS TO FOCUS CAPITAL ON THE LONG-TERM TO SUPPORT A SUSTAINABLE AND PROSPEROUS ECONOMY. FCLT IS A NON-PROFIT ORGANIZATION WHOSE MEMBERS ARE LEADING COMPANIES AND INVESTORS WORLDWIDE THAT DEVELOPS ACTIONABLE RESEARCH AND TOOLS TO DRIVE LONG-TERM VALUE CREATION FOR SAVERS AND COMMUNITIES.
Program accomplishments
- CONDUCTING RESEARCH, CONVENING 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.Expenses $3,539,140 · revenue $1,477,417
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2936865
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $7,175,873
- Income (IRS master file)
- $5,152,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,152,881 | $5,061,835 | $7,175,873 | IRS |
| 990 | June 2024 | $5,143,439 | $5,123,397 | $7,307,307 | IRS |
| 990 | June 2023 | $5,522,420 | $4,708,486 | $6,348,340 | XML |
| 990 | June 2022 | $5,143,614 | $4,246,055 | $5,572,639 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Sarah Williamson | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2936865).
Questions about FCLT CO
- What is the EIN of FCLT CO?
- The employer identification number (EIN) of FCLT CO is 81-2936865.
- Is FCLT CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FCLT CO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FCLT CO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FCLT CO due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FCLT CO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FCLT CO?
- The 990 for the year ended June 30, 2025 names SARAH KEOHANE WILLIAMSON.
- Who are the officers and directors of FCLT CO?
- The 990 for the year ended June 30, 2025 lists 33 people; 9 received compensation from the organization, the highest $587,701 (SARAH KEOHANE WILLIAMSON, PRESIDENT & CEO).
- How much revenue does FCLT CO have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,152,881, expenses of $5,061,835 and total assets of $7,175,873 at year end.
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