Ferre Institute Inc
- Assets
- $488.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Binghamton, NY
- Founding
- 02/1994
- Data as of
- 06/2023
- EIN
- 16-1078686
Organization Overview
Ferre Institute Inc is located in Binghamton, NY. The organization was established in 1994. As of 06/2023, Ferre Institute Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferre Institute Inc 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 06/2023, Ferre Institute Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 9.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GENETIC COUNSULTATION IS AVAILABLE TO IMPROVE ACCESS TO INFORMATION AND CLINICAL SERVICES TO UNDERSERVED COMMUNITIES. IN 2020, FERRE INSTITUTE WAS ASKED TO MANAGE AND COORDINATE A 4-YEAR PROJECT TO INCREASE AWARENESS AND ACCESS TO GENETIC SERVICES. THIS PROJECT IS KNOWN AS NYMAC (NEW YORK-MID-ATLANTIC-CARIBBEAN) REGIONAL GENETICS NETWORK IS FUNDED BY THE GENETIC SERVICES BRANCH IN THE HEALTH RESOURCES AND SERVICES ADMINISTRATION'S HRSA MATERNAL AND CHILD HEALTH BUREAU (HRSA-20-046). THE NYMAC REGION CONSISTS OF TEN JURISDICTIONS INCLUDING EIGHT STATES, THE DISTRICT OF COLUMBIA, AND TWO U.S. TERRITORIES (DELAWARE, THE DISTRICT OF COLUMBIA, MARYLAND, NEW JERSEY, NEW YORK, PENNSYLVANIA, PUERTO RICO, VIRGINIA, WEST VIRGINIA AND THE U.S. VIRGIN ISLANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM SERVICES - IN 2020, FERRE INSTITUTE, INC. WAS ASKED TO MANAGE AND COORDINATE A 4-YEAR PROJECT TO INCREASE AWARENESS AND ACCESS TO GENETIC SERVICES. THE PROJECT IS KNOWN AS NYMAC (NEW YORK-MID-ATLANTIC-CARIBBEAN) REGIONAL GENETICS NETWORK IS FUNDED BY THE GENETIC SERVICES BRANCH IN THE HEALTH RESOURCES AND SERVICES ADMINISTRATION'S (HRSA) MATERNAL AND CHILD CARE HEALTH BUREAU (HRSA-20-046). THE NYMAC REGION CONSISTS OF TEN JURIDICTIONS, INCLUDING EIGHT STATES, THE DISTRICT OF COLUMBIA AND TWO U.S. TERRITORIES (DELAWARE, THE DISTRICT OF COLUMBIA, MARYLAND, NEW JERSEY, NEW YORK, PENNSYLVANIA, PUERTO RICO, VIRGINIA, WEST VIRGINIA AND THE U.S. VIRGIN ISLANDS).
GENETICS COUNSELING PROGRAM - THIS PROGRAM PROVIDES A COMMUNITY BASED APPROACH THAT AIMS TO MAKE GENETIC RISK ASSESSMENT AND GENETIC COUNSELING TO UNDERSERVED COMMUNITIES.
OTHER PROGRAMS - AN EDUCATIONAL WEBSITE IS AVAILABLE TO PROVIDE INFORMATION FOR PROFESSIONALS AND THE PUBLIC ABOUT THE CAUSES, MEDICAL EVALUATION AND TREATMENT OPTIONS FOR INDIVIDULS AND COUPLES FACING INFERTILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luba Djurdjinovic Ms Executive Dir. | Trustee | 50 | $75,015 |
Thomas L Goodman MD Medical Dir | Trustee | 2 | $0 |
Edward M Kloza Ba Ms Vice President | OfficerTrustee | 2 | $0 |
Dennis A First Treasurer | OfficerTrustee | 2 | $0 |
Diane Faubion Director | Trustee | 2 | $0 |
Donald J Sommerville Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $766,595 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $783,514 |
| Total Program Service Revenue | $451,932 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,235,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,015 |
| Compensation of current officers, directors, key employees. | $1,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,469 |
| Payroll taxes | $33,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $530,129 |
| Advertising and promotion | $0 |
| Office expenses | $79,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,507 |
| Travel | $92,877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,961 |
| Insurance | $7,376 |
| All other expenses | $255 |
| Total functional expenses | $1,296,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $317,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $38,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,708 |
| Total assets | $488,727 |
| Accounts payable and accrued expenses | $52,819 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,235 |
| Unsecured mortgages and notes payable | $260,211 |
| Other liabilities | $100,971 |
| Total liabilities | $446,236 |
| Net assets without donor restrictions | $42,491 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $488,727 |