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Fabnewport

EIN 46-3237048 · Newport, RI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceGood85 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ENSURE YOUTH HAVE EQUITABLE ACCESS TO THE OPPORTUNITIES, RESOURCES, AND RELATIONSHIPS SO THEY CAN THRIVE TODAY AND IN THE FUTURE.

Income
$1.1 million
Spending
$1.1 million
Spent on programs
76%
Reserves
5.2 months of spending
Largest source of income
donations and private grants, 72%
Employees
23
Volunteers
10
Highest pay
$100,894, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100. Higher than 63% of charities in its peer group (education, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.2 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 85 out of 100. Higher than 47% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $251,508 spent. 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.
  2. $168,553 spent. 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.
  3. $135,977 spent. 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.
  4. $319,223 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.