Civic Intelligence

The Fab Foundation

990 • Fiscal year 2012 • EIN 26-4836002

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 12, 2013

Organization ProfileWWW.FABFOUNDATION.ORG
934 Massachusetts Avenue No 302139
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$161,506

No earlier filing loaded for comparison.

Net Assets

$17,224

No earlier filing loaded for comparison.

Liabilities

$144,282

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$349,612

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $161,506Liabilities 2012: $144,282Net Assets 2012: $17,2242012Assets 2013: $10,555,204Liabilities 2013: $254,255Net Assets 2013: $10,300,9492013Assets 2014: $10,703,875Liabilities 2014: $702,557Net Assets 2014: $10,001,3182014Assets 2015: $8,589,130Liabilities 2015: $1,231,747Net Assets 2015: $7,357,3832015Assets 2016: $7,577,939Liabilities 2016: $1,036,368Net Assets 2016: $6,541,5712016Assets 2017: $4,504,808Liabilities 2017: $1,034,710Net Assets 2017: $3,470,0982017Assets 2018: $3,798,420Liabilities 2018: $1,023,501Net Assets 2018: $2,774,9192018Assets 2019: $3,324,565Liabilities 2019: $799,396Net Assets 2019: $2,525,1692019Assets 2020: $3,585,576Liabilities 2020: $1,058,702Net Assets 2020: $2,526,8742020Assets 2021: $3,602,930Liabilities 2021: $662,690Net Assets 2021: $2,940,2402021Assets 2022: $3,453,460Liabilities 2022: $1,487,679Net Assets 2022: $1,965,7812022Assets 2023: $1,634,179Liabilities 2023: $707,940Net Assets 2023: $926,2392023Assets 2024: $4,370,179Liabilities 2024: $2,336,002Net Assets 2024: $2,034,1772024

Highlighted filing

2012

Assets$161,506
Liabilities$144,282
Net Assets$17,224
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2012: $349,6122012Revenue 2013: $11,080,730Expenses 2013: $707,005Net Income 2013: $10,373,7252013Revenue 2014: $1,632,548Expenses 2014: $1,893,947Net Income 2014: -$261,3992014Revenue 2015: $4,808,050Expenses 2015: $7,445,085Net Income 2015: -$2,637,0352015Revenue 2016: $7,026,514Expenses 2016: $7,819,511Net Income 2016: -$792,9972016Revenue 2017: $3,676,113Expenses 2017: $6,739,538Net Income 2017: -$3,063,4252017Revenue 2018: $4,662,636Expenses 2018: $5,351,096Net Income 2018: -$688,4602018Revenue 2019: $3,606,528Expenses 2019: $3,851,392Net Income 2019: -$244,8642019Revenue 2020: $4,362,728Expenses 2020: $4,359,956Net Income 2020: $2,7722020Revenue 2021: $3,603,989Expenses 2021: $3,187,148Net Income 2021: $416,8412021Revenue 2022: $2,649,329Expenses 2022: $3,735,780Net Income 2022: -$1,086,4512022Revenue 2023: $2,206,847Expenses 2023: $3,241,875Net Income 2023: -$1,035,0282023Revenue 2024: $6,495,763Expenses 2024: $5,385,435Net Income 2024: $1,110,3282024

Highlighted filing

2012

Revenue-
Expenses$349,612
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 12, 2013
Return Version
2012v2.1
Gross Receipts
$347,408
Mission and Program Overview

Mission

The fab foundation was formed february 6, 2009 to facilitate and support the growth of the international fab lab network. The fab foundation is a us non-profit 501(c)(3) organization emerging from the massachusetts institute of technology's center for bits & atoms' (cba) international fab lab outreach program. Our mission is to provide access to the tools, the knowledge and the financial means to educate, innovate and invent using technology and digital fabrication to allow anyone to make (almost) anything, and thereby creating opportunities to improve lives and livelihoods around the world. Community organizations, educational institutions and non-profit concerns are our primary beneficiaries.

Major Activities

Activity 2
The fab academy provides instruction and supervises investigation of mechanisms, applications, and implications of digital fabrication. Just as communications and computation went from analog to digital, resulting in pcs and the internet, the digitization of fabrication is leading to personal fabricators that will allow anyone to make almost anything, anywhere. The development of digital fabrication is based on creating codes that don't just describe things, they are things, much as proteins are coded in molecular biology. This research roadmap is ultimately aiming at a star trek-style replicator, but prototype versions of these capabilities are already available in field fab labs. The fab academy offers certificates on relevant technical topics, and a diploma aimed at vocational and technical training for employment and investment (along with assistance to its graduates in those areas). These are accredited by the fab academy; it is anticipated that they will by followed by a bachelor's degree to be offered under applicable regional accreditation, along with post-graduate study.
Filing and Contact Details

Filer

EIN
26-4836002
Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity2/Description0THE FAB ACADEMY PROVIDES INSTRUCTION AND SUPERVISES INVESTIGATION OF MECHANISMS, APPLICATIONS, AND IMPLICATIONS OF DIGITAL FABRICATION. JUST AS COMMUNICATIONS AND COMPUTATION WENT FROM ANALOG TO DIGITAL, RESULTING IN PCS AND THE INTERNET, THE DIGITIZATION OF FABRICATION IS LEADING TO PERSONAL FABRICATORS THAT WILL ALLOW ANYONE TO MAKE ALMOST ANYTHING, ANYWHERE. THE DEVELOPMENT OF DIGITAL FABRICATION IS BASED ON CREATING CODES THAT DON'T JUST DESCRIBE THINGS, THEY ARE THINGS, MUCH AS PROTEINS ARE CODED IN MOLECULAR BIOLOGY. THIS RESEARCH ROADMAP IS ULTIMATELY AIMING AT A STAR TREK-STYLE REPLICATOR, BUT PROTOTYPE VERSIONS OF THESE CAPABILITIES ARE ALREADY AVAILABLE IN FIELD FAB LABS. THE FAB ACADEMY OFFERS CERTIFICATES ON RELEVANT TECHNICAL TOPICS, AND A DIPLOMA AIMED AT VOCATIONAL AND TECHNICAL TRAINING FOR EMPLOYMENT AND INVESTMENT (ALONG WITH ASSISTANCE TO ITS GRADUATES IN THOSE AREAS). THESE ARE ACCREDITED BY THE FAB ACADEMY; IT IS ANTICIPATED THAT THEY WILL BY FOLLOWED BY A BACHELOR'S DEGREE TO BE OFFERED UNDER APPLICABLE REGIONAL ACCREDITATION, ALONG WITH POST-GRADUATE STUDY.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN ON RETURNS FOR OPEN YEARS AND THOSE EXPECTED TO BE TAKEN ON RETURNS FOR THE YEAR ENDED DECEMBER 31, 2012. IT IS MANAGEMENT'S BELIEF THAT SUCH TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. ACCORDINGLY, NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. TAX RETURNS FOR TAX YEARS BEGINNING WITH THOSE FILED FOR THE PERIOD ENDED DECEMBER 31, 2009 ARE OPEN TO EXAMINATION.
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IRS990ScheduleO/GeneralExplanation/Explanation0ALL BOARD MEMBERS PLUS 4 ADDITIONAL VOLUNTEERS PERFORM ADMINISTRATIVE AND FUNDRAISING DUTIES ON A VOLUNTEER BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FAB FOUNDATION WAS ABLE TO UNDERTAKE MORE OF ITS CORE MISSION IN 2012. ONE OF OUR CORE ACTIVITIES IS FAB ACADEMY, A DISTRIBUTED ADVANCED TECHNICAL EDUCATION PROGRAM AIMED AT DELIVERING THIS KIND OF EDUCATION INSIDE COMMUNITIES, HAVING STUDENTS MATRICULATE IN THEIR COMMUNITIES SUCH THAT BRAIN DRAIN DOESN'T OCCUR. IN ADDITION TO ADMINISTRATING THE GLOBAL FAB ACADEMY PROGRAM, WE PROVIDED THE SERVICE OF PURCHASING AND SHIPPING FAB LABS TO COMMUNITIES AROUND THE WORLD. ADDITIONALLY WE SERVED AS FISCAL SPONSOR TO ONE FAB LAB ORGANIZATION WHICH IS APPLYING FOR ITS NON-PROFIT STATUS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE PRESIDENT AND TREASURER OF THE ORGANIZATION WILL REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE: HTTP://WWW.FABFOUNDATION.ORG/ABOUT-US/ WE HAVE JUST VOTED IN A CONFLICT OF INTEREST POLICY AND WILL ADD THAT TO THE ONLINE DOCUMENTATION SHORTLY.
IRS990ScheduleO/GeneralExplanation/Explanation4AT OUR LAST BOARD MEETING IN SEPTEMBER 2013 WE ADOPTED AN OFFICIAL CONFLICT OF INTEREST POLICY. WE WILL UNDERTAKE TO REVIEW CONFLICT OF INTEREST ANNUALLY WITH THE SIGNING OF ANNUAL COI STATEMENTS.
IRS990ScheduleO/GeneralExplanation/Explanation5STUART GANNES - 2931 FILLMORE STREET, SAN FRANCISCO, CA 94123. SIMONE AMBER - 146 COLUMBIA HEIGHTS, BROOKLYN, NY 11201. CHRIS WILKINSON - 1 PIPERS LANE, HESWALL, WIRRAL, UNITED KINGDOM CH60 9HS.
IRS990ScheduleO/GeneralExplanation/Identifier0VOLUNTEERS
IRS990ScheduleO/GeneralExplanation/Identifier1NEW PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/Identifier2CONFLICT OF INTEREST POLICY
IRS990ScheduleO/GeneralExplanation/Identifier3CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART I, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART III, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VII
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices01
IRS990/StateLegalDomicile0CA
IRS990/StatesWhereCopyOfReturnIsFiled0CA
IRS990/StatesWhereCopyOfReturnIsFiled1MA
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10934 MASSACHUSETTS AVENUE SUITE 3
IRS990/TheBooksAreInCareOf/AddressUS/City0CAMBRIDGE
IRS990/TheBooksAreInCareOf/AddressUS/State0MA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode002139
IRS990/TheBooksAreInCareOf/NamePerson0SHERRY LASSITER
IRS990/TheBooksAreInCareOf/TelephoneNumber08573337777
IRS990/TotalAssets/BOY019428
IRS990/TotalAssetsBOY019428
IRS990/TotalAssets/EOY0161506
IRS990/TotalAssetsEOY0161506
IRS990/TotalCompGT150K00
IRS990/TotalContributions063005
IRS990/TotalExpensesCurrentYear0349612
IRS990/TotalExpensesPriorYear00
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral035904
IRS990/TotalFunctionalExpenses/ProgramServices0313708
IRS990/TotalFunctionalExpenses/Total0349612
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00
IRS990/TotalLiabilities/EOY0144282
IRS990/TotalLiabilitiesEOY0144282
IRS990/TotalLiabNetAssetsFundBalances/BOY019428
IRS990/TotalLiabNetAssetsFundBalances/EOY0161506
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers09
IRS990/TotalNetAssetsFundBalances/BOY019428
IRS990/TotalNetAssetsFundBalances/EOY017224
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0313708
IRS990/TotalProgramServiceRevenue0284403
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0347408
IRS990/TotalRevenue/ExclusionAmount00
IRS990/TotalRevenuePriorYear00
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0284403
IRS990/TotalRevenue/TotalRevenueColumn0347408
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ProgramServices015125
IRS990/Travel/Total015125
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY019428
IRS990/UnrestrictedNetAssets/EOY017224
IRS990/UponRequest0X
IRS990/WebSite0WWW.FABFOUNDATION.ORG
IRS990/WhistleblowerPolicy00
IRS990/YearFormation02009
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0264836002
ReturnHeader/Filer/Name/BusinessNameLine10THE FAB FOUNDATION
ReturnHeader/Filer/NameControl0FABF
ReturnHeader/Filer/Phone08573337777
ReturnHeader/Filer/USAddress/AddressLine10934 MASSACHUSETTS AVENUE NO 3
ReturnHeader/Filer/USAddress/City0CAMBRIDGE
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002139
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-11-12
ReturnHeader/Officer/Name0SHERRY LASSITER
ReturnHeader/Officer/Phone08573337777
ReturnHeader/Officer/Title0TREASURER
ReturnHeader/Preparer/DatePrepared02013-11-12
ReturnHeader/PreparerFirm/EIN0042442519
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10EDELSTEIN AND COMPANY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10160 FEDERAL STREET 9TH FLOOR
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0BOSTON
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0021101772
ReturnHeader/Preparer/Name0ALFONSO PERILLO
ReturnHeader/Preparer/Phone06172276161
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-11-14T15:23:48-06:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$161,506
Liabilities
$144,282
Net assets
$17,224
Revenue
-
Expenses
$349,612
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$2.34$2.03$6.50$5.39$1.11
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.71$0.93$2.21$3.24$1.04
2022Detailed filing. Detailed filing data is available for this year.$3.45$1.49$1.97$2.65$3.74$1.09
2021Detailed filing. Detailed filing data is available for this year.$3.60$0.66$2.94$3.60$3.19$0.42
2020Detailed filing. Detailed filing data is available for this year.$3.59$1.06$2.53$4.36$4.36$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.32$0.80$2.53$3.61$3.85$0.24
2018Detailed filing. Detailed filing data is available for this year.$3.80$1.02$2.77$4.66$5.35$0.69
2017Detailed filing. Detailed filing data is available for this year.$4.50$1.03$3.47$3.68$6.74$3.06
2016Detailed filing. Detailed filing data is available for this year.$7.58$1.04$6.54$7.03$7.82$0.79
2015Detailed filing. Detailed filing data is available for this year.$8.59$1.23$7.36$4.81$7.45$2.64
2014Detailed filing. Detailed filing data is available for this year.$10.7$0.70$10.0$1.63$1.89$0.26
2013Detailed filing. Detailed filing data is available for this year.$10.6$0.25$10.3$11.1$0.71$10.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.14$0.02$0.35