Fabnewport is located in Newport, RI. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Fabnewport employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fabnewport 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, Fabnewport generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 31.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
INSPIRING THE MAKER IN ALL OF US
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWPORT EXPERIENCE (NEX)SEEKS TO OFFER OPPORTUNITIES OTHERWISE NOT AVAILABLE TO YOUNG PEOPLE IN NEWPORTS NORTH END. AT ITS CORE NEX IS DESIGNED TO SERVE STUDENTS WHO, BECAUSE OF SOCIO-ECONOMIC CONDITIONS, DONT TRADITIONALLY ACCESS THE AREAS EXTENSIVE ARRAY OF OPPORTUNITIES. THE CORE OF THE NEX PROGRAM INVOLVES WORKING WITH 80 NEWPORT STUDENTS OVER A SIX WEEK SUMMER PROGRAM, AFTER-SCHOOL PROGRAMMING, AND COMMUNITY OUTINGS. DURING OUR SUMMER CAMP, THE NEX SUMMER IMMERSION STUDENTS EXPLORE THEIR CITY AND WORK WITH COMMUNITY ORGANIZATIONS TO BROADEN THEIR HORIZONS. DURING THE SCHOOL YEAR, NEX STUDENTS ARE INVOLVED IN AFTERSCHOOL PROGRAMMING THAT FOSTERS EXPLORING, DEVELOPING A RANGE OF NEW SKILLS AND MAKING AS A MEANS TO BUILD SKILLS AND CONFIDENCE. STUDENTS ARE ENGAGED IN CLASSES SUCH AS AN ENTREPRENEUR PROGRAM, A BILINGUAL MAKER CLASS, A COMPUTER SCIENCE CLASS, AND AN OPEN LAB, THAT IS OPEN TO ANYONE IN THE COMMUNITY. STUDENTS ARE ENCOURAGED TO DIVE DEEPER INTO INTERESTS THAT CAN LEAD TO POTENTIAL CAREER PATHS AND FABNEWPORT PROVIDES THE RESOURCES, EITHER IN HOUSE OR THROUGH ONE OF MANY COMMUNITY PARTNERS, TO CULTIVATE THOSE INTERESTS. OUTSIDE OF THE CORE PROGRAMMING OF NEX, FABNEWPORT HAS BEGUN TO BROADEN ITS IMPACT BY OFFERING A YOUNG ADULT PROGRAM CALLED NORTH END NEIGHBORHOOD CIRCLES AND BY HIRING AMERICORPS VOLUNTEERS TO WORK IN THE NEWPORT PUBLIC SCHOOLS. THE NORTH END NEIGHBORHOOD CIRCLES ENGAGES MOSTLY YOUNGER ADULTS AND SOME OLDER IN THE NORTH END COMMUNITY TO BUILD THEIR SKILLS AND TURN THEIR INTERESTS INTO CAREER PATHS. MANY OF THOSE IN THE NEIGHBORHOOD CIRCLES PROGRAM ARE ARTISTS AND ENTREPRENEURS WHO ARE GIVEN THE RESOURCES TO EXPAND AND MAKE A LIVING OFF OF THEIR SKILLS. THE AMERICORPS PROGRAM, CHECK & CONNECT, CONNECTS VOLUNTEERS WITH NEWPORT STUDENTS WHO ARE STRUGGLING WITH TRUANCY. THE AMERICORPS MEMBERS ACT AS MENTORS TO THE YOUNG STUDENTS, WORKING WITH THEM IN AND OUT OF SCHOOL, TO CHANGE THEIR ATTITUDE TOWARDS SCHOOL AND HELP THEM SUCCEED.
PVD YOUNG MAKERS OFFERS PROGRAMMING IN THE 10 PROVIDENCE PUBLIC LIBRARIES THAT EMPOWER YOUTH TO DEVELOP LEADERSHIP, MENTORING, TECHNOLOGY, AND CREATIVE THINKING SKILLS TO MAKE A POSITIVE CHANGE. THE PROGRAMMING PROVIDES FREE ACCESS TO CUTTING-EDGE TECHNOLOGIES, INCLUDING VINYL CUTTERS, 3D PRINTERS, LASER CUTTERS, SEWING MACHINES, ELECTRONICS, VIRTUAL REALITY, AND AUDIO/VIDEO PRODUCTION, AS WELL AS PROGRAMMING WHICH ENCOMPASSES WEEKLY OPEN-STUDIO SESSIONS AND SPECIALIZED MAKERSPACE WORKSHOPS ENGAGING PATRONS IN MACHINE-LEARNING AND 21ST CENTURY ESSENTIAL SKILL BUILDING. SESSIONS ARE CO-HOSTED BY PVD YOUNG MAKERS INTERNS, YOUTH WHO HAVE BECOME INTEGRAL TO THE PROGRAMS DESIGN AND DIRECTION. SINCE ITS INCEPTION PVD YOUNG MAKERS FACILITATED OVER 17,000 MAKERSPACE VISITS, SERVED 4,500 TOTAL YOUNG MAKERS, TRAINED 45 EDUCATORS AND LIBRARIANS, WORKED WITH 2 CHARTER SCHOOLS AND 4 PROVIDENCE PUBLIC SCHOOLS, AND PARTICIPATED IN MULTIPLE STEAM EVENTS THROUGHOUT THE CITY.
GENERAL PROGRAM ALLOCATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven Heath Executive Director | Officer | 40 | $76,667 |
Nicholas Napp Chair | OfficerTrustee | 1 | $0 |
Stephan Sloan Treasurer | OfficerTrustee | 2 | $0 |
Allison Ingalsbe Vice-Chair | OfficerTrustee | 1 | $0 |
Cheryl Space Director | Trustee | 1 | $0 |
Kerry Clarke Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,299 |
Related organizations | $0 |
Government grants | $171,841 |
All other contributions, gifts, grants, and similar amounts not included above | $693,652 |
Noncash contributions included in lines 1a–1f | $86,130 |
Total Revenue from Contributions, Gifts, Grants & Similar | $866,792 |
Total Program Service Revenue | $653,157 |
Investment income | $140 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $10,627 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,530,716 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $77,000 |
Compensation of current officers, directors, key employees. | $3,850 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $689,861 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $31,800 |
Payroll taxes | $78,127 |
Fees for services: Management | $20,442 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,420 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $73,622 |
Advertising and promotion | $7,730 |
Office expenses | $15,708 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $24,990 |
Travel | $17,624 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,882 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,223 |
Insurance | $8,583 |
All other expenses | $13,533 |
Total functional expenses | $1,126,922 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,552 |
Savings and temporary cash investments | $355,036 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $212,305 |
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 | $1,378 |
Net Land, buildings, and equipment | $48,873 |
Investments—publicly traded securities | $62,479 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $805,623 |
Accounts payable and accrued expenses | $2,787 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,787 |
Net assets without donor restrictions | $689,047 |
Net assets with donor restrictions | $113,789 |
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 | $805,623 |
Over the last fiscal year, we have identified 14 grants that Fabnewport has recieved totaling $311,051.
Awarding Organization | Amount |
---|---|
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: EXPAND THE NEWPORT EXPERIENCE PROGRAM AND UNRESTRICTED | $119,300 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $93,001 |
The Rhode Island Community Foundation Providence, RI PURPOSE: THE NEWPORT EXPERIENCE-SUMMER IMMERSION; GENERAL SUPPORT; GENERAL OPERATING; BOARD CHAIR/ED COACHING PROGRAM - MINI GRANT; STUDENT SUPPORT; PVD YOUNG MAKERS YOUTH WORKFORCE | $23,000 |
Frederick Henry Prince Testamentary Trust Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Edu21c Foundation Boston, MA PURPOSE: GENERAL PURPOSE | $15,000 |
Greenbridge Family Foundation San Francisco, CA PURPOSE: TO SUPPORT ENTREPRENEURS CONTINUE TO TRANSFORM THEIR COMMUNITIES, CREATE QUALITY JOBS AND INSPIRE FUTURE GENERATIONS OF FOUNDERS | $12,500 |
Organization Name | Assets | Revenue |
---|---|---|
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
German International School Boston Inc Allston, MA | $14,706,954 | $10,594,981 |
Whitinsville Christian School Whitinsville, MA | $27,818,325 | $8,582,823 |
Up Education Network Inc Dorchester, MA | $3,246,935 | $4,839,856 |
Bpa Worldwide Inc Shelton, CT | $7,335,509 | $7,366,228 |
Be The Change Inc Brookline, MA | $1,007,559 | $5,361,183 |
Barrington Stage Co Inc Pittsfield, MA | $11,360,632 | $6,989,508 |
Bpe Inc Roxbury, MA | $4,070,890 | $4,376,888 |
Integrated Refugee & Immigrant Services Inc New Haven, CT | $6,147,216 | $7,902,404 |
Education Pioneers Inc Boston, MA | $3,852,911 | $7,241,689 |
East Bay Educational Collaborative Warren, RI | $4,130,465 | $4,507,358 |