Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990; $312K paid to officers and key staff.
Luciano Betoldi’s $135K as Vice President/COO is at the 26th percentile of top reported officer pay among 363 $1–10M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Luciano Betoldi | $135,000 | $112,423 | $105,500 | — | — |
| Sonya Pryor Jones | — | — | — | $120,357 | $102,500 |
| Neil Gershenfeld | $101,601 | $64,275 | $110,000 | $117,000 | $100,000 |
| Sherry Lassiter | $75,500 | $60,116 | $55,500 | $55,500 | $55,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports global Fab Lab growth, providing tools and knowledge for anyone to invent and improve lives.
Questions for Fab Foundation
Your first name shows with your question. Fab Foundation answers here, for everyone.
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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…
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $3.2M |
| Land, buildings, equipmentLn 10c | $5K | $8K |
| Total assetsLn 16 | $1.6M | $4.4M |
| LiabilitiesLn 26 | $708K | $2.3M |
| Net assetsLn 32 | $926K | $2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $102K | $102K | ||
| Grants to domestic individualsLn 2 | $23K | $23K | ||
| Grants and assistance to foreign recipientsLn 3 | $1.3M | $1.3M | ||
| Pay of current officers, directors and key staffLn 5 | $179K | $156K | $12K | $11K |
| Other salaries and wagesLn 7 | $363K | $323K | $27K | $13K |
| Other employee benefitsLn 9 | $19K | $16K | $2K | $1K |
| Payroll taxesLn 10 | $34K | $29K | $3K | $2K |
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $119K | $119K | ||
| Professional fundraising feesLn 11e | $5K | $5K | ||
| Other fees for servicesLn 11g | $997K | $886K | $111K | |
| Advertising and promotionLn 12 | $2K | $2K | $712 | |
| Office expensesLn 13 | $62K | $23K | $38K | $750 |
| OccupancyLn 16 | $37K | $37K | ||
| TravelLn 17 | $301K | $274K | $27K | |
| Conferences, conventions and meetingsLn 19 | $41K | $37K | $4K | |
| InterestLn 20 | $12K | $12K | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $39K | $420 | $39K | $28 |
| Other expenses (24a–d)Ln 24 | $1.7M | $1.7M | $16K | |
| Total functional expensesLn 25 | $5.4M | $4.9M | $451K | $33K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $6.5M | $5.4M | $1.1M | $2.0M | 990 PDF |
| FY2023 | $2.2M | $3.2M | −$1.0M | $926K | 990 PDF |
| FY2022 | $2.6M | $3.7M | −$1.1M | $2.0M | 990 PDF |
| FY2021 | $3.6M | $3.2M | $417K | $2.9M | 990 PDF |
| FY2020 | $4.4M | $4.4M | $3K | $2.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $6,495,763 revenue, 12 lines filed
Part VI · Governance 3 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $6,495,763 across 5 lines filed
Part IX · Statement of functional expenses $5,385,435 across 20 lines filed
Part X · Balance sheet $4,370,179 assets, 17 lines filed
Part XI · Reconciliation of net assets $2,034,177 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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