Fab Lab Tulsa Inc
- Assets
- $906.0k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Tulsa, OK
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 30-0638130
Organization Overview
Fab Lab Tulsa Inc is located in Tulsa, OK. The organization was established in 2011. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Fab Lab Tulsa Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fab Lab Tulsa Inc 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 Lab Tulsa Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FAB LAB TULSA DELIVERS EDUCATION, COMMUNITY, WORKFORCE AND BUSINESS PROGRAMMING THAT TEACHES INNOVATION, DESIGN-THINKING, PROBLEM-SOLVING AND CHANGE-MAKING. IN ADDITION, THE LAB PROVIDES OPEN COMMUNITY ACCESS TO ADVANCED MANUFACTURING AND DIGITAL FABRICATION TOOLS, EQUIPMENT, TECHNOLOGY AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH: AS A COMMUNITY CENTER, FAB LAB TULSA IS A RESOURCE FOR LOCAL TECHNOLOGY ENTHUSIASTS WHO SPAN A BROAD SPECTRUM FROM HOBBYIST AND TINKERERS, TO ARTIST AND DESIGNERS, TO ENGINEERS AND SCIENTISTS, TO ENTREPRENEURS AND BUSINESSES. INDIVIDUAL MEMBERS WITH CREATIVE IDEAS BRING THEM TO FRUITION WITH THE LAB'S EQUIPMENT AND TOOLS. PROGRAMMING FOR INDIVIDUAL MEMBERS INCLUDES ENTRY-LEVEL AND ADVANCED CLASSES TO TRAIN AND CERTIFY THEM IN THE VARIOUS SKILLS REQUIRED TO USE THE FACILITY AND EQUIPMENT WITHOUT SUPERVISION.
EDUCATION OUTREACH: THE K-12 EDUCATION PROGRAM AT FAB LAB TULSA SUPPORTS EDUCATORS BY INTRODUCING AND ILLUSTRATING A VARIETY OF ENGINEERING DISCIPLINES, INCLUDING MECHANICAL, ELECTRICAL, CHEMICAL AND STRUCTURAL ENGINEERING, AS WELL AS COMPUTER SCIENCE, MATH AND ART. ADDITIONALLY, STUDENTS LEARN HOW TO ENVISION, DESIGN, BUILD, TEST AND REFINE THEIR IDEAS THROUGH HANDS-ON EXPERIENCE WITH 2D AND 3D DESIGN SOFTWARE AND DIGITAL FABRICATION TOOLS. WHEN USING TECHNOLOGY IN EDUCATION, THE KEY IS TO ENHANCE THE CONCEPTS BEING TAUGHT. EDUCATIONAL PROGRAMS AT FAB LAB TULSA FOCUS ON BUILDING SKILLS IN CORE SUBJECTS, SUCH AS MATH AND SCIENCE, AS WELL AS APPLIED PROBLEM-SOLVING, CRITICAL THINKING AND CREATIVITY, ALL OF WHICH ARE CRITICALLY IMPORTANT IN THE MODERN ECONOMY. THE EDUCATION PROGRAM AT FAB LAB TULSA SERVES THREE CONSTITUENCIES: (1) K TO 12 SCIENCE, MATH AND ART CLASSES, (2) AFTERSCHOOL PROGRAM PROVIDERS, AND (3) RELATED INTEREST GROUPS AND YOUTH ORGANIZATIONS. .
WORKFORCE OUTREACH: MANUFACTURING IS UNDERGOING A DIGITAL TRANSFORMATION THAT IS CHANGING THE FUTURE OF WORK WITH SMART MANUFACTURING THAT RELIES ON HIGH-TECH SYSTEMS. WITH THIS CHANGE, A NEW TYPE OF WORKER, COINED "NEW COLLAR," IS NEEDED FOR THE FACTORY OF THE FUTURE. THE WORKFORCE PROGRAM AT FAB LAB TULSA TEACHES DESIGN THINKING AND DIGITAL FABRICATION SKILLS TARGETED AT RECENT HIGH SCHOOL GRADUATES WHO ARE NOT HEADED TO COLLEGE AND ADULTS SEEKING TO RESKILL AND UPSKILL TO MEET THE RAPIDLY CHANGING ENVIRONMENT OF INDUSTRIAL DIGITALIZATION. THE PROGRAM UTILIZING A PROJECT-BASED APPROACH WITH HANDS-ON LEARNING WHERE STUDENTS DOCUMENT THEIR WORK AND BUILD A PORTFOLIO TO SHARE WITH FUTURE EMPLOYERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Vanderslice Treasurer | OfficerTrustee | 5 | $0 |
Justin Heinecke President | OfficerTrustee | 5 | $0 |
Wyn Dee Baker Secretary | OfficerTrustee | 5 | $0 |
Latreisha Roebuck Director | Trustee | 2 | $0 |
Clayton Siegerist Director | Trustee | 2 | $0 |
Holly Bergman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,182 |
| Fundraising events | $39,555 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,058,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,142,038 |
| Total Program Service Revenue | $137,383 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,260,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,315,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $291,587 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,656 |
| Fees for services: Management | $7,283 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,547 |
| Office expenses | $11,927 |
| Information technology | $23,162 |
| Royalties | $0 |
| Occupancy | $56,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90 |
| Interest | $44,503 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,482 |
| Insurance | $15,611 |
| All other expenses | $1,975 |
| Total functional expenses | $4,912,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $585,000 |
| Accounts receivable, net | $109,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,453 |
| Net Land, buildings, and equipment | $7,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,909 |
| Total assets | $905,994 |
| Accounts payable and accrued expenses | $9,251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,119,361 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,128,612 |
| Net assets without donor restrictions | -$858,527 |
| Net assets with donor restrictions | $635,909 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $905,994 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Fab Lab Tulsa Inc has recieved totaling $617,958.
| Awarding Organization | Amount |
|---|---|
The Charles And Peggy Stephenson Family Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $125,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $104,284 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: FAB LAB TULSA 2.0 | $100,000 |
Organization Name not Listed PURPOSE: STEM Projects | | $85,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $45,000 |
George Kaiser Family Foundation Tulsa, OK PURPOSE: STEM Education Program | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Thought Dallas, TX | $5,164,665 | $9,225,791 |
Southwest School Of Art San Antonio, TX | $10,498,026 | -$15,382,277 |
Anderson Ranch Arts Foundation Snowmass Village, CO | $19,349,000 | $7,444,141 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Art Students League Of Denver Denver, CO | $2,150,049 | $2,289,374 |
Tara Institute Of The Performing Arts Incorporated Boulder, CO | $2,762,734 | $2,020,459 |
Santa Fe School For The Arts Santa Fe, NM | $4,340,717 | $1,902,890 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Ah Haa School For The Arts Telluride, CO | $12,435,871 | $2,343,816 |
Multicultural Education And Counseling Through The Arts Houston, TX | $4,644,101 | $2,037,486 |
Art League Of Houston Houston, TX | $910,841 | $1,126,374 |
Fort Smith Art Center Inc Fort Smith, AR | $4,977,849 | $1,507,880 |