Fab Inc in Weymouth, Massachusetts (MA)
Table of contents:
| Fab Inc | |
| Employer Identification Number (EIN) | 043203317 |
| Name of Organization | Fab Inc |
| Address | 371 River St, Weymouth, MA 02191-2200 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $329,556 |
| Amount of Income | $30,083 |
| Form 990 Revenue Amount | $30,083 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Public Housing Facilities |
Non-representatives - add comments:
Amount of income in 2014: $30,083 (it was $76,919 in 2013)
| This organization: | $30,083 |
| Other organizations performing similar types of work: | $150,108 |
Assets in 2014: $329,556 (it was $330,309 in 2013)
| Fab Inc: | $329,556 |
| Other organizations performing similar types of work: | $1,156,098 |
Expenses in 2014: $36,615
| This organization: | $36,615 |
| Other organizations performing similar types of work: | $149,118 |
Income to expenses ratio in 2014: 0.8
| Fab Inc: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 58.4%
| This organization: | 58.4% |
| Other organizations performing similar types of work: | 0.8% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $23,592 | $76,919 | $30,083 |
| Contributions, gifts, grants, and similar amounts received | $14,037 | $17,876 | $17,578 |
| Program service revenue including government fees and contracts | $9,555 | $12,173 | $12,470 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $35 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $46,870 | $0 |
| Total expenses | $66,145 | $31,058 | $36,615 |
| Total net assets | $254,617 | $300,478 | $293,946 |
| Excess/Deficit for the year | $-42,553 | $45,861 | $-6,532 |
| Net assets or fund balances at beginning of year | $297,170 | $254,617 | $300,478 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $300,478 | $293,946 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $318,391 | $330,309 | $329,556 |
| Total liabilities | $63,774 | $29,831 | $35,610 |
| Net assets or fund balances | $254,617 | $300,478 | $293,946 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $150,662 |
| Subtotal | $150,662 |
| Gifts, grants, contributions, and membership fees received | $100,085 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $50,577 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $197,567 |
| Public support | $150,662 |
| Subtotal | $35 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $35 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $46,870 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Villa At Meadow View Inc | 100 Corinne Way, Tewksbury, MA 01876-1592 | MA | 2012-07 | $5,617,884 |
| 2 | New Hope Housing Inc | C/O Tcb 95 Berkeley Street Suite, Boston, MA 02116 | MA | 2014-08 | $2,883,589 |
| 3 | Vietnamese American Initiative For Development Inc | 42 Charles Street No E, Dorchester, MA 02122-1441 | MA | 1996-01 | $1,398,370 |
| 4 | Womens Institute Realty Of Connecticut Inc | 15 Court Sq Ste 210, Boston, MA 02108-2514 | MA | 2008-06 | $1,376,741 |
| 5 | Worcester New Horizons Inc | 205 School Street, Gardner, MA 01440-2781 | MA | 2001-05 | $680,735 |
| 6 | Home Together Community Housing Corp | 180 Main St, Gloucester, MA 01930-6002 | MA | 2012-03 | $580,471 |
| 7 | Worcester East Side Community Development Corporation | 409 Shrewsbury St, Worcester, MA 01604-1632 | MA | 1996-02 | $515,072 |
| 8 | 1060 Belmont Inc | 63 Mt Auburn Street, Watertown, MA 02472 | MA | 2010-09 | $439,407 |
| 9 | Eaton Place 202 Inc | 95 Berkeley Street, Boston, MA 02116-6230 | MA | 2007-10 | $438,761 |
| 10 | Roxbury Development Corporation | 56 Warren Street Suite 200, Roxbury, MA 02119-3236 | MA | 2002-11 | $389,695 |
| 11 | Rose Hill Manor Corporation | 84 State St Ste 600, Boston, MA 02109-2227 | MA | 2010-04 | $374,765 |
| 12 | Mental Health Programs Inc - Xii | 70 Bridge St Ste 201, Newton, MA 02458-1141 | MA | 2006-06 | $372,184 |
| 13 | Rockland Street Elderly Housing Inc | 178 Tremont Street, Boston, MA 02111 | MA | 2007-06 | $348,425 |
| 14 | Talbot Bernard Senior Housing Corporation | 587 Washington St, Dorchester, MA 02124-2033 | MA | 2002-01 | $283,921 |
| 15 | Village At Ascension Heights Inc | One University Avenue No 2c, Westwood, MA 02090-1245 | MA | 2005-01 | $281,974 |
| 16 | Three Gems Inc | 231 Somerville Ave, Somerville, MA 02143-3424 | MA | 2001-01 | $101,228 |
| 17 | Bridgewell Lynn Housing Corporation | 471 Broadway, Lynn, MA 01904-2649 | MA | 2011-03 | $79,325 |
| 18 | Ten Cross Street Corporation | 1301 Centre St, Newton Centre, MA 02459-2448 | MA | 2002-08 | $68,246 |
| 19 | Forty West Street Corporation | 40 West Street, Southbridge, MA 01550-1641 | MA | 2007-10 | $62,053 |
| 20 | Firehouse Place Inc | 248 Cabot St, Beverly, MA 01915 | MA | 2011-04 | $59,235 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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