NonprofitsFab Foundation

Science & Technology

Fab Foundation

BOSTON, MA

Total revenue

$6.5M

Total expenses

$5.4M

Net assets

$2.0M

Grants received

$4.8M

25 grants

EIN

264836002

Tax year

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.

Programs

1 program

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 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. The organization also provides professional development and resources for k12 teachers and educators through its scopes-df website and research platform (scopesdf.org). This site shares resources and disseminates best educational practices for educators using digital fabrication to teach stem disciplines and skills.

Expenses: $629K

Financials

FY 2024

Revenue

Contributions & grants$3.7M
Program service revenue$2.8M
Investment income$8K
Other revenue
Total revenue$6.5M

Expenses

Grants paid$1.5M
Salaries & benefits$595K
Fundraising$33K
Other expenses$3.3M
Total expenses$5.4M
Total assets$4.4M
Net assets$2.0M

People

6 listed

NameRoleCompensation

NEIL GERSHENFELD

CHAIRMAN/DIRECTOR/CONSULTANT

Board

$102K

1 hrs/wk

SHERRY LASSITER

PRESIDENT/DIRECTOR

Board

$76K

20 hrs/wk

MARIE PLANCHARD

TREASURER/DIRECTOR

Board

1 hrs/wk

BLAIR EVANS

DIRECTOR

Board

1 hrs/wk

KATIE RAST

SECRETARY/DIRECTOR

Board

1 hrs/wk

LUCIANO BETOLDI

VICE PRESIDENT/COO

Staff

$135K

40 hrs/wk

Grants received

Showing 25 of 25

FromAmountPurposeYear
$550K
FAB CITY GLOBAL INITIATIVE
2024
$75K
ADVANCING SUSTAINABLE MATERIALS
2024
$10K
Charitable operations
2024
$5K
UNRESTRICTED GENERAL SUPPORT
2024
$500K
PROJECT SUPPORT: FAB CITY
2023
$500K
PROJECT SUPPORT: FAB CITY
2022
$500K
PROJECT SUPPORT: FAB CITY
2022
$50K
For grant recipient's exempt purposes
2022
$15K
SEE OUR LIGHT
2022
$5K
TO PRESERVE COLONIAL SITES/ARTIFACTS
2022
$5K
TO PROVIDE FUNDING FOR YOUTH MAKER CORP
2022
$50K
For grant recipient's exempt purposes
2021
$50K
For grant recipient's exempt purposes
2021
$500K
PROJECT SUPPORT: FAB CITY KINGSTON
2020
$250K
GENERAL PURPOSE
2020
$200K
TO MANUFACTURE AND DISTRIBUTE PERSONAL PROTECTIVE EQUIPMENT FOR LOW-RESOURCE HEALTHCARE PROVIDERS AND EMERGENCY FIRST RESPONDERS IN ALLEGHENY AND WESTMORELAND COUNTIES
2020
$100K
PUBLIC, SOCIETAL BENEFIT
2020
$50K
U.N. Solutions Summit Support Project
2020
$14K
Special Projects COVID-19 Relief Efforts
2020
$613K
For grant recipient's exempt purposes
2019
$163K
Operating Support/Annual Fund
2019
$500K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$4.8M from 17 funders · 25 grants · 2017–2024

Novo Foundation

$2.5M · 5 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$1.3M · 5 grants · 2017–2022

The Benificus Foundation

$250K · 1 grant · 2020

Richard King Mellon Foundation

$200K · 1 grant · 2020

Boston Foundation Inc

$163K · 1 grant · 2019

Donor Advised Charitable Giving Inc

$100K · 1 grant · 2020

The Schmidt Family Foundation

$75K · 1 grant · 2024

Details

EIN264836002
NTEE codeU42
Subsection03
Ruling date2011-05
Formed2009
Employees5
Volunteers75
FAB FOUNDATION — Mission, Financials & Grants Received | Grantivo