Fclt Co
Nonprofit profile at a glance
- EIN
- 812936865
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Boston, MA, USA
- Phone
- 6172036599
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $5,152,881
- Expenses
- $5,061,835
- Assets
- $7,175,873
- Liabilities
- $2,108,334
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- SARAH KEOHANE WILLIAMSON (PRESIDENT & CEO)
Highest reported compensation
- SARAH KEOHANE WILLIAMSON (PRESIDENT & CEO): $601,899 total reported compensation
- KAITLIN BARBER (MANAGING DIR., GLOBAL RELATIONSHIPS): $296,385 total reported compensation
- MARGARET ADAMS (MANAGING DIRECTOR (UNTIL 3/30/25)): $258,271 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Membership-supported. 67% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 54
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.1%; rating input score 70
- Program expense ratio: 69.9%; rating input score 70
- Fundraising efficiency: $4.33 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.8%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 1.42; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 47.6%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 16.5% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 70.1% of revenue deployed · 69.9% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.5M in reported program spending
- Leadership: top reported pay $602K · 33 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $136K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.