Nonprofit · EIN 46-3237048
FABNEWPORT
Tax-exempt · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,131,496 | $1,147,875 | -$16,379 | $580,201 | $35,694 | $544,507 |
| December 31, 2023 | 990 | $1,074,239 | $1,201,610 | -$127,371 | $578,841 | $21,955 | $556,886 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $949,221
- of which government grants
- $139,425
- Program service revenue
- $172,957
- Investment income
- $2,401
- Net gain from sales of assets
- -$6,596
- Net income from fundraising events
- $4,449
- Net income from sales of inventory
- $468
- Other revenue
- $6,917
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $100,894
- Other salaries and wages
- $513,019
- Salaries, compensation and benefits (total)
- $689,699
- Professional fundraising fees
- $0
- Legal fees
- $743
- Accounting fees
- $34,401
- Occupancy
- $30,469
- Travel
- $11,887
- Depreciation
- $28,805
- Program services (functional)
- $875,261
- Management and general (functional)
- $175,280
- Fundraising (functional)
- $97,334
Balance sheet and other
- Total assets, start of year
- $578,841
- Total assets, end of year
- $580,201
- Total liabilities, end of year
- $35,694
- Net assets, end of year
- $544,507
- Land, buildings and equipment
- $45,600
- Net assets without donor restrictions
- $544,507
- Gross receipts
- $1,155,446
- Employees
- 23
- Volunteers
- 10
- Year formed
- 2015
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN HEATH | EXECUTIVE DIRECTOR Officer | 40 | $97,144 | $3,750 |
| ALLISON INGALSBE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM WYNNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATTHEW PATTERSON | SECRETARY (UNTIL 11/24) Trustee or director, Officer | 1 | $0 | $0 |
| ALIN BENNET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN DUCAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLAS LOGLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH RANALDI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS SEMOMELLI | DIRECTOR (UNTIL 12/24) Trustee or director | 1 | $0 | $0 |
| STEPHAN SLOAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL SLYE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN HEATH | EXECUTIVE DIRECTOR Key employee | 40 | $77,048 |
| MATTHEW PETERSON | SECRETARY Trustee or director | 1 | $0 |
| NICHOLAS LOGLER | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS SEMONELLI | DIRECTOR Trustee or director | 1 | $0 |
| STEPHAN SLOAN | DIRECTOR Trustee or director | 1 | $0 |
| KEITH RANALDI | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM WYNNE | VICE CHAIR Trustee or director | 1 | $0 |
| ALLISON INGALSBE | CHAIR Trustee or director | 1 | $0 |
| ALIN BENNETT | DIRECTOR Trustee or director | 1 | $0 |
| BEN DUCAS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 YORK ST, NEWPORT, RI 02840-1141
- In care of
- % STEVE HEATH
- Principal officer (990 for 2024)
- ALLISON INGALSBE, PO BOX 3562, NEWPORT, RI 02840
- Signed the 990
- ALLISON INGALSBE, BOARD CHAIR
- Phone
- (401) 439-0160
- Website
- WWW.FABNEWPORT.ORG
- Return prepared by
- CLIFTONLARSONALLEN
Mission
TO ENSURE YOUTH HAVE EQUITABLE ACCESS TO THE OPPORTUNITIES, RESOURCES, AND RELATIONSHIPS SO THEY CAN THRIVE TODAY AND IN THE FUTURE.
Program accomplishments
- SUMMER PROGRAMMINGEACH SUMMER, THE NEWPORT EXPERIENCE (NEX) PROVIDES APPROXIMATELY 100 NEWPORT STUDENTS WITH A SIX-WEEK IMMERSION THAT COMBINES COMMUNITY PARTNERSHIPS, EXPERIENTIAL LEARNING, AND EXPLORATION OF THEIR CITY TO BROADEN HORIZONS. LEARNERS PARTICIPATE IN OUTDOOR AND IN-LAB ACTIVITIES SUCH AS DESIGN AND MAKING, SURFING, CYCLING, HIKING, AND FARMING. THESE EXPERIENCES CULTIVATE CONFIDENCE, CREATIVITY, AND RESILIENCE WHILE PROVIDING OPPORTUNITIES OTHERWISE INACCESSIBLE TO MANY YOUNG PEOPLE, PARTICULARLY THOSE FROM SOCIOECONOMICALLY DISADVANTAGED BACKGROUNDS IN NEWPORT'S NORTH END. THE ORGANIZATION ALSO RECEIVED $235,679 IN FUNDING FROM GRANTS AND INDIVIDUAL DONORS IN SUPPORT OF THIS INITIATIVE.Expenses $251,508
- IN-SCHOOL PROGRAMMINGDURING THE SCHOOL YEAR, NEX EXTENDS ITS REACH INTO LOCAL SCHOOLS TO ENGAGE HUNDREDS OF STUDENTS. OFFERINGS INCLUDE HEART CLUB AT THOMPSON MIDDLE SCHOOL, WHICH EMPHASIZES BELONGING, SOCIAL-EMOTIONAL LEARNING, AND RESTORATIVE PRACTICES; STEAM PROGRAMMING AT ALL SAINTS ACADEMY; AND DESIGN, MAKE, AND MANUFACTURING CLASSES AT THE METROPOLITAN REGIONAL CAREER AND TECHNICAL CENTER. THESE INITIATIVES SUPPORT ACADEMIC ENGAGEMENT, SKILL DEVELOPMENT, AND A STRONGER SENSE OF COMMUNITY AMONG LEARNERS.Expenses $168,553 · revenue $126,650
- OUT-OF-SCHOOL TIME PROGRAMMINGBEYOND SCHOOL HOURS, NEX OFFERS A BROAD SLATE OF AFTERSCHOOL AND WEEKEND OPPORTUNITIES. STUDENTS PARTICIPATE IN ACTIVITIES THAT MIRROR SUMMER IMMERSION EXPERIENCES, INCLUDING SURFING, BIKING, AND OTHER ADVENTURE-BASED LEARNING, AS WELL AS CREATIVE AND TECHNICAL PURSUITS SUCH AS CODING, 2D DESIGN, JEWELRY MAKING, AND ART. THESE PROGRAMS FOSTER SKILL-BUILDING, CURIOSITY, AND A SENSE OF BELONGING, WHILE ENSURING CONSISTENT ACCESS TO SAFE AND ENRICHING ENVIRONMENTS YEAR-ROUND. THE ORGANIZATION ALSO RECEIVED $40,312 IN FUNDING FROM GRANTS IN SUPPORT OF THIS INITIATIVE.Expenses $135,977 · revenue $46,775
- OTHER PROGRAMMING INCLUDES COMMUNITY ENGAGEMENT INITIATIVES AND FIRST TEE. THE ORGANIZATION ALSO RECEIVED $134,904 IN FUNDING FROM GRANTS AND INDIVIDUAL DONORS IN SUPPORT OF THIS INITIATIVE.Expenses $319,223
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3237048
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $580,201
- Income (IRS master file)
- $1,155,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,131,496 | $1,147,875 | $580,201 | IRS |
| 990 | December 2023 | $1,074,239 | $1,201,610 | $578,841 | XML |
| 990 | December 2022 | $1,180,808 | $1,310,349 | $708,893 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3237048).
Questions about FABNEWPORT
- What is the EIN of FABNEWPORT?
- The employer identification number (EIN) of FABNEWPORT is 46-3237048.
- Is FABNEWPORT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FABNEWPORT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FABNEWPORT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FABNEWPORT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FABNEWPORT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FABNEWPORT?
- The 990 for the year ended December 31, 2024 names ALLISON INGALSBE.
- Who are the officers and directors of FABNEWPORT?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $97,144 (STEVEN HEATH, EXECUTIVE DIRECTOR).
- How much revenue does FABNEWPORT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,131,496, expenses of $1,147,875 and total assets of $580,201 at year end.
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- NAVAL WAR COLLEGE FOUNDATION INC EIN 23-7063084 · last filed 990 for 2025
- NEWPORT PUBLIC LIBRARY EIN 05-0262105 · last filed 990 for 2025
- NEWPORT COMMUNITY SCHOOL EIN 20-2302875 · last filed 990 for 2025
- NEWPORT PUBLIC EDUCATION FOUNDATION EIN 22-3137794 · last filed 990 for 2024
- NEWPORT GLOBAL SUMMIT INC EIN 99-3532320 · last filed 990-EZ for 2025
- STAR SCHOLARS OPPORTUNITY PROGRAM EIN 83-2910665 · last filed 990-PF for 2024
- BONROCK FOUNDATION EIN 93-4769903 · last filed 990-EZ for 2024