Civic Intelligence

Fabmo Inc.

990EZ • Fiscal year 2020 • EIN 27-0658796

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 31, 2021

1240 Birchwood Drive No 2Sunnyvale, CA 94089

(650) 282-6548

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

35th percentile

-3.1%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

35th percentile

-4.0%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

3.4%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$124,246

Down $22,289 (-15%) from 2018

Net Assets

Down

$124,206

Down $22,329 (-15%) from 2018

Liabilities

Up

$40

Up $40 from 2018

Revenue

Up

$126,120

Up $2,073 (+1.7%) from 2018

Expenses

Up

$130,072

Up $20,366 (+19%) from 2018

Net Income

Down

-$3,952

Down $18,293 (-128%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $76,364Liabilities 2014: $0Net Assets 2014: $76,3642014Assets 2015: $110,904Liabilities 2015: $0Net Assets 2015: $110,9042015Assets 2016: $118,391Liabilities 2016: $0Net Assets 2016: $118,3912016Assets 2018: $146,535Liabilities 2018: $0Net Assets 2018: $146,5352018Assets 2020: $124,246Liabilities 2020: $40Net Assets 2020: $124,2062020Assets 2021: $212,810Liabilities 2021: $50Net Assets 2021: $212,7602021Assets 2024: $317,061Liabilities 2024: $0Net Assets 2024: $317,0612024

Highlighted filing

2020

Assets$124,246
Liabilities$40
Net Assets$124,206

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $81,340Expenses 2014: $61,199Net Income 2014: $20,1412014Revenue 2015: $104,904Expenses 2015: $70,364Net Income 2015: $34,5402015Revenue 2016: $96,724Expenses 2016: $89,237Net Income 2016: $7,4872016Revenue 2018: $124,047Expenses 2018: $109,706Net Income 2018: $14,3412018Revenue 2020: $126,120Expenses 2020: $130,072Net Income 2020: -$3,9522020Revenue 2021: $239,429Expenses 2021: $150,875Net Income 2021: $88,5542021Revenue 2024: $219,902Expenses 2024: $177,080Net Income 2024: $42,8222024

Highlighted filing

2020

Revenue$126,120
Expenses$130,072
Net Income-$3,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 31, 2021
Return Version
2020v4.1
Gross Receipts
$126,120
Mission and Program Overview

Mission

Fabmo is a 501(c)(3), donor supported, all volunteer organization that divests useful designer materials form their otherwise destination (landfill) and makes them available to interested parties (such as teachers) for creative reuse. Sustainability of this rescue effort comes from the reuse of materials by others. Fabmo does no crafting of its own but facilitates creative reuse of these materials via an informational newsletter, videos and occasional workshops and meetups.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION ACTIVELY SOURCES MATERIALS WHICH ARE SET TO BE DISCARDED FROM THE INTERIOR DESIGN COMMUNITY. IT DISTRIBUTES, WITHOUT CHARGE, THESE MATERIALS IN A MONTHLY THREE-DAY EVENT TO THE PUBLIC FOR CREATIVE RE-USE. THE ORGANIZATION HAS ACTIVE OUTREACH EFFORTS IN THE COMMUNITY WITH REGULAR PARTICIPATION (DISPLAYS, ACTIVITY TABLES, ETC.), AT ENVIRONMENTAL AND COMMUNITY EVENTS, TO TELL THE REPURPOSING STORY. DUE TO COVID RESTRICTIONS A DIGITAL SHOPPING PLATFORM WAS IMPLEMENTED TO ALLOW PEOPLE TO SELECT MATERIAL FOR CURBSIDE PICKUP AND, WHEN CAPACITY RESTRICTIONS WERE IMPOSED, A SECOND THREE DAY EVENT WAS ADDED TO ALLOW MORE PEOPLE TO ACCESS MATERIALS WITHOUT CROWDING. FABMO HOSTS AN ANNUAL CRAFT FAIR TO SHOWCASE PRODUCTS WITH SIGNIFICANT REPURPOSED CONTENT OBTAINED FROM FABMO. DUE TO COVID RESTRICTIONS, A DIGITAL ARTISANS SHOWCASE WAS IMPLEMENTED IN PLACE OF AN IN-PERSON EVENT.$0$107,302
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HOLLY WELSTEINChairPT$0--
BRONWEN MCINERNEYTreasurerPT$0--
ZITA MACYSecretary-$0--
LESLIE KERNBoard Member-$0--
GINGER SILVERMANBoard Member-$0--
TINA BAUMGARTNERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Fabmo Inc
EIN
27-0658796
Phone
6502826548
Address
1240 BIRCHWOOD DRIVE NO 2, SUNNYVALE, CA 94089

Signing Officer

Name
Bronwen Mcinerney
Title
Treasurer
Phone
6502826548
Signed
2021-10-31
Discuss with paid preparer
Yes

Preparer

Firm
Boman Accounting Group Inc
Address
20 UNION AVENUE, CAMPBELL, CA 95008
Preparer
Lynda R Boman CPA
Phone
4088662004
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: interest income. Amount: 3. Description: program refund. Amount: 654. Description: security deposit refund. Amount: 3,600. Total to form 990-ez, line 8: 4,257.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 6,404. Description: other expenses. Amount: 98,194. Total to form 990-ez, line 14: 104,598.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising/marketing. Amount: 160. Description: automobile expense. Amount: 1,532. Description: bank charges and merchant fees. Amount: 2,272. Description: dues and subscriptions. Amount: 2,007. Description: insurance. Amount: 1,753. Description: licenses and permits. Amount: 517. Description: office expenses. Amount: 934. Description: travel and meals. Amount: 946. Description: sales tax. Amount: 3,875. Description: moving expenses. Amount: 1,180. Description: volunteer appreciation. Amount: 25. Total to form 990-ez, line 16: 15,201.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: prior year adjustment - credit card beginning balance. Amount: -40.

Form 990-ez, Part II, Line 24 - Other Assets

Description: security deposit. Beg. Of year amount: 0. End of year amount: 26,800. Description: other depreciable assets. Beg. Of year amount: 28,817. End of year amount: 22,413.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: credit card payable. Beg. Of year amount: 1,188. End of year amount: 40.

Raw XML Appendix180 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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IRS990EZ/PrimaryExemptPurposeTxt0FABMO IS A 501(C)(3), DONOR SUPPORTED, ALL VOLUNTEER ORGANIZATION THAT DIVESTS USEFUL DESIGNER MATERIALS FORM THEIR OTHERWISE DESTINATION (LANDFILL) AND MAKES THEM AVAILABLE TO INTERESTED PARTIES (SUCH AS TEACHERS) FOR CREATIVE REUSE. SUSTAINABILITY OF THIS RESCUE EFFORT COMES FROM THE REUSE OF MATERIALS BY OTHERS. FABMO DOES NO CRAFTING OF ITS OWN BUT FACILITATES CREATIVE REUSE OF THESE MATERIALS VIA AN INFORMATIONAL NEWSLETTER, VIDEOS AND OCCASIONAL WORKSHOPS AND MEETUPS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 3. DESCRIPTION: PROGRAM REFUND. AMOUNT: 654. DESCRIPTION: SECURITY DEPOSIT REFUND. AMOUNT: 3,600. TOTAL TO FORM 990-EZ, LINE 8: 4,257.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION. AMOUNT: 6,404. DESCRIPTION: OTHER EXPENSES. AMOUNT: 98,194. TOTAL TO FORM 990-EZ, LINE 14: 104,598.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING/MARKETING. AMOUNT: 160. DESCRIPTION: AUTOMOBILE EXPENSE. AMOUNT: 1,532. DESCRIPTION: BANK CHARGES AND MERCHANT FEES. AMOUNT: 2,272. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 2,007. DESCRIPTION: INSURANCE. AMOUNT: 1,753. DESCRIPTION: LICENSES AND PERMITS. AMOUNT: 517. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 934. DESCRIPTION: TRAVEL AND MEALS. AMOUNT: 946. DESCRIPTION: SALES TAX. AMOUNT: 3,875. DESCRIPTION: MOVING EXPENSES. AMOUNT: 1,180. DESCRIPTION: VOLUNTEER APPRECIATION. AMOUNT: 25. TOTAL TO FORM 990-EZ, LINE 16: 15,201.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PRIOR YEAR ADJUSTMENT - CREDIT CARD BEGINNING BALANCE. AMOUNT: -40.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 26,800. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 28,817. END OF YEAR AMOUNT: 22,413.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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