Fab Foundation

Organization Overview

Fab Foundation, operating under the name Fab Academy, is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Fab Academy employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fab Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Fab Academy generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Fab Academy has awarded 15 individual grants totaling $2,709,756. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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, FACILITATION AND DISSEMINATION OF RESEARCH AND COMMUNITY-BENEFICIAL PROJECTS, THE FUNDING AND FACILITATION OF FAB LAB AND DIGITAL FABRICATION PROJECTS THAT BENEFIT PEOPLE AND COMMUNITIES IN EXEMPLARY WAYS, SUCH AS MOBILE FAB LABS FOR EMERGENCY AID, OR FAB LABS FOR DEVELOPING WORLD CONTEXTS. THESE SERVICES INCLUDE DEPLOYING, INSTALLING, TRAINING, AND CONSULTING FOR NEW FAB LABS AS WELL AS PROGRAMMATIC SUPPORT OF ESTABLISHED FAB LABS. THE ORGANIZATION WORKS TO GATHER AND PROVIDE CRITICAL EVALUATION DATA AS WELL AS PROVIDE TOOLS FOR TRACKING THE IMPACT OF FAB LABS IN EDUCATIONAL, BUSINESS AND SOCIAL CONTEXTS. AS PART OF ITS SERVICES, THE ORGANIZATION PROVIDES A NETWORK FUNCTION FOR THE FAB LAB COMMUNITY, BRINGING TOGETHER FAB LABS AROUND THE WORLD EITHER PHYSICALLY (FOR ANNUAL MEETINGS AND WORKSHOPS) OR VIRTUALLY THROUGH ONLINE TOOLS AND RESOURCES. ADDITIONALLY, AS A RESOURCE TO EDUCATIONAL ORGANIZATIONS, ENTREPRENEURIAL ORGANIZATIONS AND THE GENERAL PUBLIC THE ORGANIZATION HAS DEVELOPED AN ONLINE GLOBAL MAP OF FAB LABS, MAKERSPACES, AND INNOVATION SPACES SUCH THAT PEOPLE OR ORGANIZATIONS THAT NEED ACCESS TO THESE FACILITIES CAN FIND THEM EASILY.


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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Institut D' Arquitectura
Fab Academy Consulting
$163,877
Sa Fab City Foundation
Program Consulting
$325,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $253,256
All other contributions, gifts, grants, and similar amounts not included above$1,968,484
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,221,740
Total Program Service Revenue$1,381,681
Investment income $568
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,603,989

Grants Awarded

Over the last fiscal year, Fab Foundation has awarded $349,660 in support to 2 organizations.

Grant RecipientAmount

SHIFT 7 LLC

PURPOSE: FISCAL SPONSORSHIP FOR PERSONAL PROTECTIVE EQUIPMENT, UN SOLUTIONS SUMMIT AND INCLUSIVE INNOVATION/COMMUMITY CAPACITY BUILDING

$291,250

MANTLES & MAKERS INC

PURPOSE: FISCAL SPONORSHIP FOR FAB HOUSE

$58,410
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Fab Foundation has recieved totaling $1,604,474.

Awarding OrganizationAmount
Novo Foundation

Kingston, NY

PURPOSE: PROJECT SUPPORT: FAB CITY

$1,000,000
Novo Foundation

Kingston, NY

PURPOSE: PROJECT SUPPORT: FAB CITY

$500,000
Wend Ii Inc

Bentonville, AR

PURPOSE: OUTREACH TO NATIVE AMERICAN TRIBES FOR DISTRIBUTION OF PPE AND OTHER DONATED ITEMS

$54,288
Cleveland Foundation

Cleveland, OH

PURPOSE: FAB HOUSE

$50,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$186
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,958,541
Net Contributions$3,073,581
Other Expense$3,761,836
Grants$257,500
Ending Balance$3,012,786

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