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Nonprofiteer
← FABRETTO CHILDRENS FOUNDATION INC

Form 990 for tax year 2023

Filed by FABRETTO CHILDRENS FOUNDATION INC.

Totals

Total revenue
$3,407,596
Total expenses
$2,946,522
Contributions and grants received
$3,412,404
Grants paid
$2,257,293
Program service revenue
$0
Investment income
$27,913
Other revenue
-$32,721
Total assets, end of year
$1,791,150
Total liabilities, end of year
$129,443
Net assets or fund balances, end of year
$1,661,707
Program services expenses (Part IX)
$2,593,126
Management and general expenses
$164,732
Fundraising expenses
$188,664
Program service expenses (Part III)
$2,593,126

Program services were 88.0% 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

    $333,538

  • 1e · Government grants (contributions)

    $85,768

  • 1f · All other contributions, gifts and grants

    $2,993,098

  • 1g · Noncash contributions included above

    $897,635

  • 3 · Investment income

    total $23,968 · excluded $23,968

  • 7a · Gross sales of assets other than inventory

    securities $51,524

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

    securities $47,579

  • 7c · Gain or loss

    securities $3,945

  • 7d · Net gain or loss

    total $3,945 · excluded $3,945

  • 8a · Fundraising events: gross income

    $32,107

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

    $333,538

  • 8b · Fundraising events: direct expenses

    $64,828

  • 8c · Net income from fundraising events

    total -$32,721 · excluded -$32,721

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,257,293 · program services $2,257,293

  • 5 · Compensation of officers, directors and key employees

    total $183,039 · program services $31,582 · management and general $51,675 · fundraising $99,782

  • 7 · Other salaries and wages

    total $48,819 · program services $45,886 · management and general $185 · fundraising $2,748

  • 9 · Other employee benefits

    total $6,357 · program services $65 · management and general $1,208 · fundraising $5,084

  • 10 · Payroll taxes

    total $16,928 · program services $5,972 · management and general $2,980 · fundraising $7,976

  • 11c · Fees: accounting

    total $35,030 · management and general $35,030

  • 11g · Fees: other

    total $130,749 · program services $75,166 · management and general $25,928 · fundraising $29,655

  • 12 · Advertising and promotion

    total $4,369 · fundraising $4,369

  • 13 · Office expenses

    total $36,120 · program services $4,779 · management and general $20,540 · fundraising $10,801

  • 14 · Information technology

    total $20,773 · program services $1,433 · management and general $10,630 · fundraising $8,710

  • 16 · Occupancy

    total $30,880 · program services $30,880

  • 17 · Travel

    total $55,720 · program services $40,271 · management and general $932 · fundraising $14,517

  • 22 · Depreciation, depletion and amortization

    total $1,328 · management and general $1,328

  • 24a · Other expenses: CONTAINER SHIPPING OF P

    total $98,261 · program services $98,261

  • 24b · Other expenses: CHARITY REGISTRATIONS

    total $11,963 · management and general $7,066 · fundraising $4,897

  • 24c · Other expenses: MISCELLANEOUS

    total $8,893 · program services $1,538 · management and general $7,230 · fundraising $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $329,759 · end of year $762,308

  • 3 · Pledges and grants receivable

    beginning of year $65,167 · end of year $109,158

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

    $68,729

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

    $65,062

  • 10c · Land, buildings and equipment, net

    beginning of year $1,612 · end of year $3,667

  • 11 · Investments: publicly traded securities

    beginning of year $815,801 · end of year $914,017

  • 15 · Other assets

    beginning of year $4,500 · end of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,125 · end of year $33,043

  • 19 · Deferred revenue

    end of year $56,367

  • 23 · Secured mortgages and notes payable

    beginning of year $78,733 · end of year $40,033

  • 27 · Net assets without donor restrictions

    beginning of year $688,584 · end of year $712,833

  • 28 · Net assets with donor restrictions

    beginning of year $435,397 · end of year $948,874

Mission and programs · 2023

Mission

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.SCHOOL MEALSWE 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.

    Expenses $2,593,126 · Grants $2,257,293

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Marinacci

    CEO

    Total calculated
    $114,890
    From this org
    $100,497
    From related orgs
    $0
    Other
    $14,393
    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
  • Nick Lo Blue

    DIRECTOR UNTIL 07/2023

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

    DIRECTOR

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

    DIRECTOR UNTIL 07/2023

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

    DIRECTOR

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

    DIRECTOR UNTIL 07/2023

    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 UNTIL 08/2023

    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
  • Anina Hewey

    PROGRAM DIRECTOR

    Total calculated
    $43,020
    From this org
    $40,400
    From related orgs
    $0
    Other
    $2,620
    Hours/week
    40
  • Daniel Blandon

    FINANCE DIRECTOR

    Total calculated
    $25,928
    From this org
    $25,928
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349309144

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