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Nonprofiteer
← FABRETTO CHILDRENS FOUNDATION INC

Form 990 for tax year 2022

Filed by FABRETTO CHILDRENS FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 17 September 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$549,614 changed to $870,394
Total expenses
$1,617,585 changed to $1,890,913
Contributions and grants received
$1,221,550 changed to $1,740,575
Grants paid
$1,052,520 changed to $865,153
Investment income
-$684,004 changed to -$1,094,085
Other revenue
$12,068 changed to $223,904
Total assets, end of year
$1,216,838 changed to $1,216,839
Net assets or fund balances, end of year
$1,123,980 changed to $1,123,981
Program services expenses
$1,261,908 changed to $1,531,700
Management and general expenses
$150,165 changed to $149,348
Fundraising expenses
$205,512 changed to $209,865
Program service expenses (Part III)
$1,261,908 changed to $1,531,700

Totals

Total revenue
$549,614
Total expenses
$1,617,585
Contributions and grants received
$1,221,550
Grants paid
$1,052,520
Program service revenue
$0
Investment income
-$684,004
Other revenue
$12,068
Total assets, end of year
$1,216,838
Total liabilities, end of year
$92,858
Net assets or fund balances, end of year
$1,123,980
Program services expenses (Part IX)
$1,261,908
Management and general expenses
$150,165
Fundraising expenses
$205,512
Program service expenses (Part III)
$1,261,908

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $119,647

  • 1e · Government grants (contributions)

    $72,255

  • 1f · All other contributions, gifts and grants

    $1,029,648

  • 1g · Noncash contributions included above

    $334,886

  • 3 · Investment income

    total $18,302 · excluded $18,302

  • 7b · Less cost or other basis and sales expenses

    securities $131,012 · other assets $571,294

  • 7c · Gain or loss

    securities -$131,012 · other assets -$571,294

  • 7d · Net gain or loss

    total -$702,306 · excluded -$702,306

  • 8a · Fundraising events: gross income

    $6,235

  • 8a · Fundraising events: contributions included on line 1c

    $119,647

  • 8b · Fundraising events: direct expenses

    $39,016

  • 8c · Net income from fundraising events

    total -$32,781 · excluded -$32,781

  • 10a · Gross sales of inventory

    $42,482

  • 10b · Cost of goods sold

    $11,754

  • 10c · Net income from sales of inventory

    total $30,728 · unrelated business $30,728

  • 11a · Other revenue: OTHER INCOME

    total $14,121 · excluded $14,121

  • 11e · Other revenue, total

    $14,121

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,052,520 · program services $1,052,520

  • 5 · Compensation of officers, directors and key employees

    total $146,800 · program services $76,212 · management and general $38,776 · fundraising $31,812

  • 7 · Other salaries and wages

    total $111,179 · program services $10,359 · management and general $14,503 · fundraising $86,317

  • 10 · Payroll taxes

    total $18,337 · program services $5,791 · management and general $3,401 · fundraising $9,145

  • 11b · Fees: legal

    total $7,733 · management and general $7,733

  • 11c · Fees: accounting

    total $30,069 · management and general $30,069

  • 11g · Fees: other

    total $44,583 · program services $18,983 · fundraising $25,600

  • 12 · Advertising and promotion

    total $8,803 · fundraising $8,803

  • 13 · Office expenses

    total $62,224 · program services $39,340 · management and general $18,395 · fundraising $4,489

  • 17 · Travel

    total $31,434 · program services $14,915 · management and general $3,119 · fundraising $13,400

  • 19 · Conferences, conventions and meetings

    total $40,830 · program services $40,830

  • 20 · Interest

    total $897 · management and general $897

  • 22 · Depreciation, depletion and amortization

    total $2,457 · management and general $2,105 · fundraising $352

  • 23 · Insurance

    total $10,079 · management and general $10,079

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $19,111 · program services $2,721 · management and general $7,317 · fundraising $9,073

  • 24b · Other expenses: CHARITABLE REGIST. FEES

    total $16,521 · fundraising $16,521

  • 24c · Other expenses: MISCELLANEOUS

    total $14,008 · program services $237 · management and general $13,771

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $568,183 · end of year $329,759

  • 2 · Savings and temporary cash investments

    beginning of year $28,199 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $137,116 · end of year $65,167

  • 4 · Accounts receivable

    beginning of year $5,996 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,250 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $153,493

  • 10b · Land, buildings and equipment: accumulated depreciation

    $151,882

  • 10c · Land, buildings and equipment, net

    beginning of year $647,071 · end of year $1,611

  • 11 · Investments: publicly traded securities

    beginning of year $681,896 · end of year $815,801

  • 15 · Other assets

    beginning of year $472,535 · end of year $4,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,421 · end of year $14,125

  • 19 · Deferred revenue

    beginning of year $130,323 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $189,002 · end of year $78,733

  • 27 · Net assets without donor restrictions

    beginning of year $1,747,428 · end of year $1,123,980

  • 28 · Net assets with donor restrictions

    beginning of year $397,072 · end of year $0

Mission and programs · 2022

Mission

TO EMPOWER UNDERSERVED CHILDREN AND THEIR FAMILIES IN NICARAGUA TO REACH THEIR FULL POTENTIAL, IMPROVE THEIR LIVELIHOODS AND TAKE ADVANTAGE OF ECONOMIC OPPORTUNITY THROUGH EDUCATION AND NUTRITION.

Activities or mission (Part I)

FABRETTO'S MISSION IS TO EDUCATE AND EMPOWER UNDERSERVED CHILDREN, YOUTH, AND THEIR FAMILIES TO ENABLE THEM TO IMPROVE THEIR LIVELIHOODS AND THEIR COMMUNITIES.

  • AT FABRETTO, WE BELIEVE IN THE POWER OF EDUCATION TO ENABLE CHILDREN AND YOUTHOUR FUTURE LEADERS TO BREAK THE CYCLE OF POVERTY. WE STRIVE TO BRING MEANINGFUL OPPORTUNITIES FOR GROWTH, DEVELOPMENT, AND LEARNING TO CHILDREN, YOUTH, AND FAMILIES. BY PARTNERING WITH ORGANIZATIONS AND FUNDERS WHO SERVE CHILDREN AND YOUTH IN COUNTRIES ACROSS CENTRAL AMERICA, WE CAN AMPLIFY OUR IMPACT, SERVING THOSE WHO SERVE.OUR PROGRAMSFABRETTO SUPPORTS CHILD AND YOUTH DEVELOPMENT IN CENTRAL AMERICA THROUGH FOUR KEY PROGRAMS: EDUCATION, NUTRITION, CHILD SPONSORSHIP, AND YOUTH EMPOWERMENT.EDUCATION PROGRAM FABRETTO'S EDUCATION PROGRAM FOCUSES ON IMPROVING THE QUALITY OF EDUCATION DURING THE CRITICAL FIRST YEARS OF A CHILD'S EDUCATIONPARTICULARLY PRESCHOOL AND 1ST TO 3RD GRADE. WE DO THIS THROUGH: TEACHER DEVELOPMENT: WE TRAIN PRESCHOOL AND EARLY GRADE PRIMARY SCHOOL TEACHERS IN OUR "FABRETTITO" MODEL OF EDUCATION. OUR MODEL PROVIDES COACHING AND ACCOMPANIMENT TO TEACHERS IN THE MEDIUM TO LONG TERM TO ENSURE SUSTAINABILITY. STRENGTHENING SCHOOLS: IN PARALLEL TO TEACHER DEVELOPMENT, WE BUILD, REMODEL, AND EQUIP PRESCHOOLS, PRIMARY SCHOOLS, AND COMMUNITY EDUCATION CENTERS WITH KEY RESOURCES AND IMPROVEMENTS THAT ENABLE THEM TO BETTER SERVE CHILDREN IN THE HARDEST-TO-REACH COMMUNITIES IN CENTRAL AMERICA.NUTRITION PROGRAMTHROUGH THE NUTRITION PROGRAM, FABRETTO WORKS WITH OUR PARTNERS TO IMPROVE ACCESS TO NUTRITIOUS SCHOOL MEALS AND STRENGTHEN HOLISTIC CHILD DEVELOPMENT AND SCHOOL ATTENDANCE. WE DO THIS THROUGH: SCHOOL MEALS: WE CONNECT HIGH-NEED SCHOOLS WITH FORTIFIED FOODS THAT IMPROVE THE NUTRITIONAL VALUE OF THE MEALS THEY SERVE. WE ALSO SUPPORT NUTRITION EDUCATION, INCLUDING TRAINING SCHOOL COOKS IN CULTURALLY-ADAPTED RECIPES. LOCAL PRODUCTION OF FOOD: WE SUPPORT PARTNERS IN DEVELOPING SUSTAINABLE APPROACHES TO PRODUCING HEALTHY FOODS LOCALLY.CHILD SPONSORSHIP PROGRAMCHANGE A LIFE THROUGH CHILD SPONSORSHIP! AS A FABRETTO CHILD SPONSOR, YOU CAN FIGHT POVERTY IN CENTRAL AMERICAN COMMUNITIES WHILE CREATING A LASTING CONNECTION WITH A CHILD. FOR JUST OVER $1 A DAY ($40/MONTH), CHILD SPONSORS PROVIDE AN UNDERPRIVILEGED CHILD WITH QUALITY EDUCATION, NUTRITION, AND A SUPPORTIVE COMMUNITY.CHILD SPONSORS PROVIDE ACCESS TO ESSENTIAL LIFE RESOURCES THAT MAKE AN ENORMOUS DIFFERENCE FOR CHILDREN IN IMPOVERISHED COMMUNITIES. WITH YOUR HELP, YOUR SPONSORED CHILD WILL HAVE ACCESS TO QUALITY EDUCATION AND NUTRITION PROGRAMS AND A SUPPORTIVE SCHOOL COMMUNITY. OUR HOLISTIC APPROACH MEANS THAT FABRETTO WORKS CLOSELY WITH GRASSROOTS, ON-THE-GROUND NGO PARTNERS TO DELIVER PROGRAMMING, AS WELL AS WORKING TOGETHER WITH CHILDREN'S TEACHERS AND PARENTS TO CREATE LASTING CHANGE.YOUTH EMPOWERMENT PROGRAMFABRETTO'S YOUTH EMPOWERMENT PROGRAM SEEKS TO PREPARE CENTRAL AMERICAN YOUTH TO THRIVE THROUGH COURSES THAT COMBINE ACADEMIC AND TECHNICAL SKILLS, PERSONAL DEVELOPMENT, AND COMMUNITY SERVICE. WE DO THIS THROUGH: TECHNOLOGY INTEGRATION: WE SHARE OUR FIELD-TESTED APPROACH TO LEVERAGING DIGITAL RESOURCES TO STRENGTHEN LEARNING, PARTICULARLY IN STEM FIELDS, WITH ORGANIZATIONS SERVING RURAL LOW- TO NO-CONNECTIVITY COMMUNITIES. WE TRAIN TEACHERS AND STAFF, EQUIP SCHOOLS, AND DEVELOP AND SHARE DIGITAL CONTENT. YOUTH TRAINING (SATEC MODEL): WE TRAIN RURAL YOUTH IN AGRICULTURAL SKILLS THROUGH OUR SATEC TRAINING PROGRAM WHILE CONTRIBUTING TO PERSONAL AND COMMUNITY DEVELOPMENT. WE TRAIN LOCAL FACILITATORS, SHARE CURRICULA AND MATERIALS, AND PROVIDE TECHNICAL ASSISTANCE THROUGHOUT COURSE IMPLEMENTATION. FABRETTO EDUCA: FABRETTO OFFERS BLENDED LEARNING COURSES TO CENTRAL AMERICAN YOUTH THROUGH OUR ONLINE TRAINING PLATFORM, FABRETTO EDUCA, IN TOPICS SUCH AS ENTREPRENEURSHIP AND JOB READINESS. RURAL SECONDARY EDUCATION: WE WORK ALONGSIDE LOCAL PARTNERS TO ADVOCATE FOR AND STRENGTHEN HIGH QUALITY, ALTERNATIVE SECONDARY EDUCATION MODELS THAT EXPAND ACCESS IN RURAL COMMUNITIES OF CENTRAL AMERICA, WITH A PARTICULAR FOCUS ON THE SISTEMA DE APRENDIZAJE TUTORIAL (SAT) MODEL.

    Expenses $1,261,908 · Grants $1,052,520

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Marinacci

    CEO

    Total calculated
    $96,400
    From this org
    $94,000
    From related orgs
    $0
    Other
    $2,400
    Hours/week
    40
  • William Vlasios Glastris

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Carl Pasquale Marinacci

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2
  • Ian James Knox

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Mary Loreto Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael McGuire Callahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Samantha Jane Chadwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas Michael Gleason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Julie Eason Maner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carlos Francisco Mayorga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christopher Matthew Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Jeffrey Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Deanna Ford Overdyke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Grady Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Francis Jogues Rienzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Darin Rowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Abigail Lou Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Nick Lo Blue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Anina Hewey

    PROGRAM DIRECTOR

    Total calculated
    $38,400
    From this org
    $38,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Daniel Blandon

    FINANCE DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FABRETTO CHILDREN'S FOUNDATION INC-NICARAGUA

    N/A · AID FOR NICARAGUAN YOUTH - DISSOLVED BY NICARAGUAN GOVERNMENT 02/2022 · NU · controlled entity

    Directly controlled by FCF-US

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FABRETTO COMPANIA COMERCIAL SOCIEDAD ANONIMA

    C · SALE OF MERCHANDISE - DISSOLVED BY NIC. GOV'T 02/2022 · NU · 98% owned · share of income $587,275 · controlled entity

    Directly controlled by FABRETTO CHILDREN'S FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202333179349305098

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