Overview
What is The Fab Foundation?
The Fab Foundation, established February 6, 2009, is a US-based nonprofit organization with a mission to facilitate and support the growth of the global Fab Lab network. Originating from the Massachusetts Institute of Technology's Center for Bits & Atoms (CBA) International Fab Lab Outreach Program, the Fab Foundation aims to provide access to tools, knowledge, and financial means for education, innovation, and invention using technology and digital fabrication. By doing so, it allows individuals to manufacture a wide range of items, thereby creating opportunities for improving lives and livelihoods worldwide. The organization primarily benefits community organizations, educational institutions, and non-profit concerns, and it assists in establishing, training, and providing support for new and existing Fab Labs globally. Additionally, the Fab Foundation maintains an online global map of Fab Labs, makerspaces, and innovation spaces, enabling easy access to these facilities.
Official website here: www.fabfoundation.org
Is The Fab Foundation legitimate?
The Fab Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fab Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $165,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,164
For more financial information, click here
Official website here: www.fabfoundation.org
What is the mission statement of The Fab Foundation?
The Fab Foundation was established in 2009 with a mission to facilitate and support the growth of the international Fab Lab network. As a non-profit organization, its primary goal is to provide access to necessary tools, knowledge, and financial means. This access allows individuals and organizations, particularly those in the community, educational institutions, and non-profit sectors, to educate, innovate, and invent using technology and digital fabrication. The objective is to enable people to manufacture a wide range of products, thereby creating opportunities to improve lives and livelihoods worldwide.
Official website here: www.fabfoundation.org
Who is the CEO of The Fab Foundation?
Sherry Lassiter is the President/Director of The Fab Foundation.
Official website here: www.fabfoundation.org
What is the revenue of The Fab Foundation?
Who are the executives of The Fab Foundation and what are their salaries?
The average compensation at The Fab Foundation during 2022 was $92,221. There are 3 employees and 100 volunteers at The Fab Foundation.
Here are 6 key members and their salaries:
- Neil Gershenfeld (Chairman/Director/Consultant)
- Luciano Betoldi (International Operations Director)
- Sherry Lassiter (President/Director)
- Marie Planchard (Treasurer/Director)
- Blair Evans (Director)
- Katie Rast (Secretary/Director)
Official website here: www.fabfoundation.org
Where can I find the form 990 for The Fab Foundation?
The The Fab Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fabfoundation.org
Learn more at the official website: www.fabfoundation.org
Mission Statement of The Fab Foundation
The Fab Foundation, established on February 6, 2009, was formed with a mission to facilitate and support the expansion of the international Fab Lab network. This U.S.-based non-profit organization, classified as a 501(C)(3), emerged from the Massachusetts Institute of Technology's Center for Bits & Atoms (CBA) International Fab Lab Outreach Program. The Fab Foundation's primary objective is to provide access to resources such as tools, knowledge, and financial means for individuals and organizations, enabling them to educate, innovate, and invent using technology and digital fabrication. This approach allows people to create a wide range of products, thereby generating opportunities to enhance lives and livelihoods worldwide. Community organizations, educational institutions, and non-profit entities are the primary beneficiaries of The Fab Foundation's mission.
Impact
This information is meant to be a general summary of The Fab Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Fab Foundation's impact is significant in promoting digital fabrication globally. By facilitating the development of community-based and educational fab labs, disseminating best practices, and funding projects that benefit people and communities, the organization is creating opportunities for education, innovation, and invention. Through their work, they empower individuals to make almost anything using technology and digital fabrication, ultimately improving lives and livelihoods worldwide. Additionally, their online global map makes it easy for those in need to access fab labs and innovation spaces, further spreading the benefits of digital fabrication.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$833,188
CONTRACTS
Revenue
$634,152
CONFERENCE FEES
Revenue
$86,088
Organization Details
Founding Year
2009
Phone
(857) 333-7777
Principal Officer
Sherry Lassiter
Main Address
50 MILK ST 16TH FLOOR, BOSTON, MA, 02109
Website
www.fabfoundation.org
NTEE Category
Code: U42 - Science research
If you are a representative of The Fab Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.