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Filing year 2024

THE FAB FOUNDATION

Boston, Massachusetts·EIN 26-4836002·NTEE U42 · Science & Technology·3
Total revenue
$6.5M
Total assets
$4.4M
Total expenses
$5.4M
Reported officers
6
Mission

THE FAB FOUNDATION WAS FORMED FEBRUARY 6, 2009 TO FACILITATE AND SUPPORT THE GROWTH OF THE INTERNATIONAL FAB LAB NETWORK. THE FAB FOUNDATION IS A US NON-PROFIT 501(C)(3) ORGANIZATION EMERGING FROM THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY'S CENTER FOR BITS & ATOMS' (CBA) INTERNATIONAL FAB LAB OUTREACH PROGRAM. OUR MISSION IS TO PROVIDE ACCESS TO THE TOOLS, THE KNOWLEDGE AND THE FINANCIAL MEANS TO EDUCATE, INNOVATE AND INVENT USING TECHNOLOGY AND DIGITAL FABRICATION TO ALLOW ANYONE TO MAKE (ALMOST) ANYTHING, AND THEREBY CREATING OPPORTUNITIES TO IMPROVE LIVES AND LIVELIHOODS AROUND THE WORLD. COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND NON-PROFIT CONCERNS ARE OUR PRIMARY BENEFICIARIES.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Vice President/coo
highest compensated employee
$136k
$145k
Chairman/director/consultant
officer (unspecified)
$102k
$108k
President/director
$77k
$82k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Science & Technology

Up 21%
from 2023

From $112k in 2023 to $136k in 2024.

$112k
2023
$136k
2024
In today's dollarsEst.
Up 17% in real terms$124k to $145k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE FAB FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.2M
$3.2M
2023
$6.5M
$5.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Science & Technology executives earn

Comparable science & technology organizations nationwide pay their highest-earning executive a median of $111,215.

25th percentile
$35k
Median
$111,215
75th percentile
$231k
90th percentile
$443k

These are science & technology sector-wide figures, not this organization's reported pay. Based on 255 organizations across 255 filings (2022 – 2023).

See full Science & Technology compensation data
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