Public Charity

THE FAB FOUNDATION

THE FAB FOUNDATION, of BOSTON, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $6.5M in revenue, $5.4M in expenses, $4.4M in total assets. 13 publicly reported grants to this organization, totaling roughly $1.6M, appear in IRS filings.

EIN: 264836002 BOSTON, MA Engineering NTEE: U42 Latest filing: 2024
Total Revenue$6.5M
Total Expenses$5.4M
Total Assets$4.4M
Grant Records13
Funding Total$1.6M
Filing Years2019–2024

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.

Where $100 goes at The Fab Foundation

How The Fab Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$91 Programs the work itself
$9 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $91 for programs

$79
The organization promotes digital fabrication by facilitating the development of community-based and educational fab labs, the dissemination of best practices in digital fabrication throughout the fab lab network…
87% of program spending
$12
The 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…
13% of program spending · Reported in the filing: 12 teachers
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

FIDELITY INVESTMENTS CHARITABLE GIFT FUND
2024
For grant recipient's exempt purposes
$28,000
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC
2024
UNRESTRICTED GENERAL SUPPORT
$5,000
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
2022
For grant recipient's exempt purposes
$50,000
EQUITY IN THE ARTS FUND
2022
SEE OUR LIGHT
$15,000
IN OUR BACKYARDS INC
2022
TO PROVIDE FUNDING FOR YOUTH MAKER CORP
$5,222

Showing up to 5 of 13 total records — full history available with membership.

Officers & Directors

DIRECTOR Blair Evans
SECRETARY/DIRECTOR Katie Rast
VICE PRESIDENT/COO Luciano Betoldi
TREASURER/DIRECTOR Marie Planchard
CHAIRMAN/DIRECTOR/CONSULTANT Neil Gershenfeld
PRESIDENT/DIRECTOR Sherry Lassiter

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,558,620 9 grants
Education
$7,500 1 grant
Youth Development
$5,222 1 grant
Unspecified
$15,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.5M $5.4M $4.4M
2023 $2.2M $3.2M $1.6M
2022 $2.6M $3.7M $3.5M
2020 $4.4M $4.4M $3.6M
2019 $3.6M $3.9M $3.3M

Between 2019 and 2024, reported annual revenue grew from $3.6M to $6.5M (+80%), with total assets most recently reported at $4.4M.

Interactive year-over-year charts and full filing details available with membership.

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