Albert & Amelia Ferst Operating Foundation

Organization Overview

Albert & Amelia Ferst Operating Foundation is located in Westfield, MA. The organization was established in 1999. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Albert & Amelia Ferst Operating Foundation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert & Amelia Ferst Operating Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Albert & Amelia Ferst Operating Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $894.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE RECREATIONAL OPPORTUNITIES, FINANCIAL AID AND SCHOLARSHIPS TO THE YOUTH OF THE GREATER WESTFIELD AREA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Landon
Trustee
$24,519
Kevin Chrisanthopoulos
President
$0
Clarence Matthews Jr
Vice President
$0
Dean Rankin
Treasurer
$0
Alicia Szenda
Secretary
$0
Tom Daly
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $79,377
All other contributions, gifts, grants, and similar amounts not included above$223,149
Noncash contributions included in lines 1a–1f $172,000
Total Revenue from Contributions, Gifts, Grants & Similar$302,526
Total Program Service Revenue$754,256
Investment income $13,478
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,869
Net Income from Fundraising Events $2,500
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,084,629

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Albert & Amelia Ferst Operating Foundation has recieved totaling $42,500.

Awarding OrganizationAmount
$42,500
View Grant Recipient Profile

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