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This return was superseded by a later amendment.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 MarinacciKEVIN MARINACCI
CEO
- Total calculated
- $96,400
- From this org
- $94,000
- From related orgs
- $0
- Other
- $2,400
- Hours/week
- 40
-
William Vlasios GlastrisWILLIAM VLASIOS GLASTRIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Carl Pasquale MarinacciCARL PASQUALE MARINACCI
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Ian James KnoxIAN JAMES KNOX
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Mary Loreto BurkeMARY LORETO BURKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael McGuire CallahanMICHAEL MCGUIRE CALLAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Samantha Jane ChadwickSAMANTHA JANE CHADWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas Michael GleasonTHOMAS MICHAEL GLEASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie Eason ManerJULIE EASON MANER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carlos Francisco MayorgaCARLOS FRANCISCO MAYORGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christopher Matthew MitchellCHRISTOPHER MATTHEW MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John Jeffrey MullenJOHN JEFFREY MULLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deanna Ford OverdykeDEANNA FORD OVERDYKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William Grady ReynoldsWILLIAM GRADY REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Francis Jogues RienzoFRANCIS JOGUES RIENZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Darin RowellDARIN ROWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Abigail Lou StoneABIGAIL LOU STONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nick Lo BlueNICK LO BLUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anina HeweyANINA HEWEY
PROGRAM DIRECTOR
- Total calculated
- $38,400
- From this org
- $38,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Daniel BlandonDANIEL 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.
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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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