Fab Inc
- Assets
- $330.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hingham, MA
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 04-3203317
Organization Overview
Fab Inc is located in Hingham, MA. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fab 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 06/2022, Fab Inc generated $36.8k 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 (14.7%) each year. All expenses for the organization totaled $83.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED HOUSING AND RELATED SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AT A RESIDENCE AT 664 COUNTRY WAY, SCITUATE, MA, IN CONJUNCTION WITH AND THROUGH A CONTROLLING ENTITY, THE ARC OF THE SOUTH SHORE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcdonald Chair | 0.5 | $0 | |
George Toma Vice Chair (as Of 3/22) | 0.5 | $0 | |
Marynel Wahl Treasurer (as Of 3/22) | 0.5 | $0 | |
James Luongo Secretary (as Of 3/22) | 0.5 | $0 | |
Betty Belyea Director | 0.5 | $0 | |
Kadee Daley Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,300 |
| Total Program Service Revenue | $13,511 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,823 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,217 |
| Occupancy, rent, utilities, and maintenance | $66,412 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,220 |
| Total expenses | $83,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,106 |
| Other assets | $0 |
| Total assets | $330,497 |
| Total liabilities | $256,561 |
| Net assets or fund balances | $73,936 |