Civic Intelligence

The Fab Foundation

990 • Fiscal year 2016 • EIN 26-4836002

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

Organization ProfileWWW.FABFOUNDATION.ORG
50 Milk St 16th FloorBoston, MA 02109

(857) 333-7777

Siviq Scores

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

Liabilities / Assets

45th percentile

0.14x

Higher debt load relative to assets than 45% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.15x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$109,906

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

46%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$7,577,939

Down $1,011,191 (-12%) from 2015

Net Assets

Down

$6,541,571

Down $815,812 (-11%) from 2015

Liabilities

Down

$1,036,368

Down $195,379 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin19th percentile

Revenue

Up

$7,026,514

Up $2,218,464 (+46%) from 2015

Expenses

Up

$7,819,511

Up $374,426 (+5.0%) from 2015

Net Income

Up

-$792,997

Up $1,844,038 (+70%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

2016

Assets$7,577,939
Liabilities$1,036,368
Net Assets$6,541,571
Open 2016 Filing

Operations Trend

Revenue Growth89th percentile

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

2016

Revenue$7,026,514
Expenses$7,819,511
Net Income-$792,997
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$7,026,514
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,478,511$4,025,853▼ $1,452,658
Cash and Non-Interest-Bearing Accounts$1,863,627$2,485,674▲ $622,047
Pledges and Grants Receivable$608,643$447,688▼ $160,955
Accounts Receivable$167,825$307,254▲ $139,429
Land, Buildings, and Equipment, Net$463,486$303,595▼ $159,891
Prepaid Expenses and Deferred Charges$4,900$4,527▼ $373
Total Assets$8,589,130$7,577,939▼ $1,011,191
Other Assets Total$2,138$3,348▲ $1,210
Liabilities
Deferred Revenue$226,398$438,060▲ $211,662
Accounts Payable and Accrued Expenses$521,534$420,558▼ $100,976
Mortgage Notes Payable Secured by Investment Property$45,000$95,000▲ $50,000
Grants Payable$438,815$82,750▼ $356,065
Total Liabilities$1,231,747$1,036,368▼ $195,379
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,300,942$6,783,306▼ $517,636
Unrestricted Net Assets$56,441$-241,735▼ $298,176
Total Net Assets Fund Balance$7,357,383$6,541,571▼ $815,812
Total Liabilities and Net Assets / Fund Balance$8,589,130$7,577,939▼ $1,011,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$303,595$495,859$799,454

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$7,300,942$2,787,500-$2,894,636$6,783,306
2015$9,548,279$1,645,075-$3,580,792$7,300,942
2014$9,900,082$630,716-$948,803$9,548,279
2013-$10,065,988-$165,906$9,900,082
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Neil GershenfeldChairman/director-$109,906$109,906
Sherry LassiterPresident/treasurer/directorPT$51,624$51,624

Board Members and Trustees

NameTitle
Chris WilkinsonClerk/director
Marie PlanchardDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
TiesEducation ConsultantsPO BOX 18050, Cleveland Heights, OH 44118$468,675
Massachusetts Institute Of TechnologyConsultants934 MASSACHUSETTS AVE UNIT 3, Cambridge, MA 02139$233,977
E-line VenturesConsultants363 7TH AVENUE FLOOR 20, New York, NY 10001$221,134
Whalerock Digital MediaVideo Production750 SAN VICENTE BLVD 900W, West Hollywood, CA 90069$118,361
Revenue and Support

Revenue Composition

Contributions and Grants
$3,565,630
Program Service Revenue
$3,448,348
Investment Income
$12,536
Other Revenue
$0
All Other Contributions
$2,682,569
Change in Net Assets
$-792,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,026,514
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$107,020
Total Revenue per Audited Statements
$7,133,534
Total Revenue per Form 990
$7,026,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,887,253
Salaries, Compensation, and Employee Benefits$487,337
Grants and Similar Amounts Paid$429,671
Total Fundraising Expense$23,935
Professional Fundraising Fees$15,250

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$576,695$30,336-$607,031
Grants to Domestic Orgs$416,256--$416,256
Travel$325,608$26,125-$351,733
Other Salaries and Wages$195,781$87,450-$283,231
Conferences and Meetings$274,021$5,481-$279,502
Current Officers, Directors, Trustees, and Key Employees$146,042$7,744$7,744$161,530
Depreciation Depletion$159,891--$159,891
Fees for Services Accounting-$96,935-$96,935
Occupancy-$39,609-$39,609
Office Expenses$7,989$23,717-$31,706
Payroll Taxes$19,765$8,113$660$28,538
Insurance$2,500$23,292-$25,792
Fees for Services Legal$7,208$11,362-$18,570
Interest-$17,936-$17,936
Fees for Services Professional Fundraising--$15,250$15,250
Other Employee Benefits$9,683$4,074$281$14,038
Foreign Grants$13,415--$13,415
Other Expenses$2,507$3,845-$6,352
Total Functional Expenses$7,397,626$397,950$23,935$7,819,511

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,949,346
Expenses per Audited Statements$7,819,511
Total Expenses per Form 990$7,819,511
Expenses Not Reported on Form 990$129,835
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Enable Community FoundationLos Gatos, CA501(c)(3)Expenditures for Accessible Opportunities to Engage With Fabrication Laboratories and Enable Invention by Providing Individuals With Access to Tools for Digital Fabrication$400,000
Fab Focus Inc Dba Fab Lab DcWashington, DCApplication PendingFiscal Sponsorship for Fab Labs$7,500

International Summary

Offices
0
Employees
0
Spending
$1,916,699

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Program Services, Grant to Recipient in RegionPurchase and Installation of a Fab Lab00$893,310
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServicesPurchase and Installation of a Fab Lab00$477,796
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesPurchase and Installation of a Fab Lab00$348,157
Russia and Neighboring StatesProgram ServicesPurchase and Installation of a Fab Lab00$120,396
Central America and the CaribbeanProgram ServicesPurchase and Installation of a Fab Lab00$76,625
North AmericaGrant to Recipient in RegionN/a00$415
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$15,250
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-The Founder and President of E-line Ventures Is the Brother of a Director.FEES PAID FOR CONSULTING SERVICES.WHILE THE FOUNDER AND PRESIDENT OF E-LINE VENTURES IS THE BROTHER OF ONE OF FAB FOUNDATION'S BOARD MEMBERS, E-LINE IS ALSO ONE OF THE COUNTRY'S LEADING GAME DESIGNERS FOR EDUCATION. THE GOVERNMENT GRANTING AGENCY APPROVED E-LINE'S PARTICIPATION IN THE GRANT BASED ON ITS EXPERTISE IN THE FIELD.No$221,134
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The bylaws were amended in december 2016 as follows: - maximum number of board members was increased from 5 to 15 - the minimum number of meetings per year for the audit committee was revised from 4 to 1 - revisions were made to the language in the public inspection section to remove reference to the form 1023 and replace with the corporation's determination letter - changing the title of chief financial officer to treasurer”

Form 990, Part VI, Section B, Line 11B

“The president and treasurer of the organization review form 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each officer and board member signs an annual coi statement disclosing any potential conflicts of interest. It is also their ongoing duty to report any potential conflicts of interest that may occur during the year to the board.”

Form 990, Part VI, Section B, Line 15A

“The board met during the year to review executive compensation. A search for prevailing salaries for similar nonprofits was performed, and reported to the board. The board approved the president's compensation increase which was in line with the results of the search.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available on the website: http://www.fabfoundation.org/index.php/about-fab-foundation/index.html as well as upon request. Our conflict of interest policy is available upon request and will be added to the online documentation shortly.”

Filing and Contact Details

Filer

Filer Name
The Fab Foundation
EIN
26-4836002
Phone
8573337777
Address
50 MILK ST 16TH FLOOR, BOSTON, MA 02109
Doing Business As
Fab Academy

Signing Officer

Name
Sherry Lassiter
Title
President
Phone
8573337777
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherry Lassiter
Formed
2009
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
2
Employees
7
Volunteers
100

Preparer

Firm
Edelstein and Company Llp
Address
160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
Preparer
Alfonso Perillo
Phone
6172276161
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6 - Volunteers

“The volunteers provide time and expertise to the fab foundation, in developing education content, strategic outreach in education and entrepreneurship, fundrasing, and assistance with organizing and running fab lab community events like the annual gathering fabx each year, or local events for community.”

FORM 990, PART XI, LINE 9:

“Loss on uncollectible receivables -22,815.”

Financial Statement Notes

PART V, LINE 4:

“At december 31, 2016 temporarily restricted net assets consisted of the following: procurement of fab labs $5,121,579 savage project $ 128,828 scopes project $ 932,899 brilliant careers project $ 600,000 total temp. Restricted $6,783,306”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Donated equipment used in program 107,020.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on uncollectible receivables 22,815. Donated equipment used in program 107,020.”

Raw XML AppendixShowing 400 of 592 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/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0SHERRY LASSITER
IRS990/Form990PartVIISectionAGrp/PersonNm1NEIL GERSHENFELD
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIE PLANCHARD
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS WILKINSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt051624
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1109906
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK/DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0883061
IRS990/GrantAmt0429671
IRS990/GrantsPayableGrp/BOYAmt0438815
IRS990/GrantsPayableGrp/EOYAmt082750
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0416256
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0416256
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07026514
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt023292
IRS990/InsuranceGrp/ProgramServicesAmt02500
IRS990/InsuranceGrp/TotalAmt025792
IRS990/InterestGrp/ManagementAndGeneralAmt017936
IRS990/InterestGrp/TotalAmt017936
IRS990/InvestmentIncomeGrp/ExclusionAmt012536
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012536
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0495859
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0463486
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0303595
IRS990/LandBldgEquipCostOrOtherBssAmt0799454
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt045000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt095000
IRS990/NetAssetsOrFundBalancesBOYAmt07357383
IRS990/NetAssetsOrFundBalancesEOYAmt06541571
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt039609
IRS990/OccupancyGrp/TotalAmt039609
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023717
IRS990/OfficeExpensesGrp/ProgramServicesAmt07989
IRS990/OfficeExpensesGrp/TotalAmt031706
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02138
IRS990/OtherAssetsTotalGrp/EOYAmt03348
IRS990/OtherChangesInNetAssetsAmt0-22815
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0281
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04074
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09683
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014038
IRS990/OtherExpensesGrp/Desc0LAB COMPONENTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13845
IRS990/OtherExpensesGrp/ProgramServicesAmt05240265
IRS990/OtherExpensesGrp/ProgramServicesAmt12507
IRS990/OtherExpensesGrp/TotalAmt05252196
IRS990/OtherExpensesGrp/TotalAmt16352
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt087450
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0195781
IRS990/OtherSalariesAndWagesGrp/TotalAmt0283231
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0660
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08113
IRS990/PayrollTaxesGrp/ProgramServicesAmt019765
IRS990/PayrollTaxesGrp/TotalAmt028538
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0608643
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0447688
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04900
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04527
IRS990/PrincipalOfficerNm0SHERRY LASSITER
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc1TUITION
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02879859
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1452976
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2115513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02879859
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1452976
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2115513
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION BRINGS DIGITAL FABRICATION TOOLS AND PROCESSES TO PEOPLE OF ALL AGES, TEACHING THE SKILLS AND KNOWLEDGE OF DIGITAL FABRICATION, DEVELOPING CURRICULUM FOR FORMAL AND INFORMAL EDUCATIONAL SETTINGS, AS WELL AS DESIGNING AND OFFERING PROFESSIONAL DEVELOPMENT TRAINING PROGRAMS FOR TEACHERS, FAB LAB MANAGERS AND OTHER PROFESSIONALS. THE ORGANIZATION OFFERS ADVANCED TECHNICAL EDUCATION THROUGH THE FAB ACADEMY WHICH PROVIDES INSTRUCTION AND SUPERVISES INVESTIGATION OF MECHANISMS, APPLICATIONS, AND IMPLICATIONS OF DIGITAL FABRICATION AND OTHER TECHNOLOGIES. THE FAB ACADEMY IS A WORLDWIDE, DISTRIBUTED CAMPUS UTILIZING FAB LABS AS CLASSROOMS AND LIBRARIES FOR A NEW KIND OF TECHNICAL LITERACY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0564576
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0452976
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02920088
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0316784
IRS990/PYInvestmentIncomeAmt018670
IRS990/PYOtherExpensesAmt06707394
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01869292
IRS990/PYRevenuesLessExpensesAmt0-2637035
IRS990/PYSalariesCompEmpBnftPaidAmt0381157
IRS990/PYTotalExpensesAmt07445085
IRS990/PYTotalProfFndrsngExpnsAmt039750
IRS990/PYTotalRevenueAmt04808050
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-792997
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02995372
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05478511
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04025853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03565630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02920088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0952362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0636749
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt063005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08137834
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012536
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044535
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt036018
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt093089
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06690180
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52320
IRS990ScheduleA/PublicSupportPY170Pct00.60710
IRS990ScheduleA/PublicSupportTotal170Amt04306470
IRS990ScheduleA/SubstantialContributorsTotAmt03831364
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03565630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02920088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0952362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0636749
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt063005
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08137834
IRS990ScheduleA/TotalSupportAmt08230923
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07300942
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02787500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06783306
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0410500
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02894636
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt09548279
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01645075
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07300942
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0311620
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt03580792
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt09900082
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0630716
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt09548279
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt033716
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0948803
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010065988
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt09900082
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0165906
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0303595
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0495859
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0799454
IRS990ScheduleD/ExpensesNotReportedAmt0129835
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07819511
IRS990ScheduleD/OtherExpensesIncludedAmt0129835
IRS990ScheduleD/OtherRevenueAmt0107020
IRS990ScheduleD/RevenueNotReportedAmt0107020
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07026514
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AT DECEMBER 31, 2016 TEMPORARILY RESTRICTED NET ASSETS CONSISTED OF THE FOLLOWING: PROCUREMENT OF FAB LABS $5,121,579 SAVAGE PROJECT $ 128,828 SCOPES PROJECT $ 932,899 BRILLIANT CAREERS PROJECT $ 600,000 TOTAL TEMP. RESTRICTED $6,783,306
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DONATED EQUIPMENT USED IN PROGRAM 107,020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON UNCOLLECTIBLE RECEIVABLES 22,815. DONATED EQUIPMENT USED IN PROGRAM 107,020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0303595
IRS990ScheduleD/TotalExpensesPerForm990Amt07819511
IRS990ScheduleD/TotalRevenuePerForm990Amt07026514
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07133534
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07949346
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0120396
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1348157
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt276625
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3477796
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4893310
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5415
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0RUSSIA AND NEIGHBORING STATES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PURCHASE AND INSTALLATION OF A FAB LAB
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1PURCHASE AND INSTALLATION OF A FAB LAB
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2PURCHASE AND INSTALLATION OF A FAB LAB
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3PURCHASE AND INSTALLATION OF A FAB LAB
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4PURCHASE AND INSTALLATION OF A FAB LAB
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5N/A
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,577,939
Liabilities
$1,036,368
Net assets
$6,541,571
Revenue
$7,026,514
Expenses
$7,819,511
Net income
-$792,997
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