The Sidney Ferenc Family Foundation
- Assets
- $347.5k
- Revenue
- $116.1k
- Investments
- $260.9k
- Employees
- 0
- Location
- Highland Beach, FL
- Founding
- 08/2007
- Data as of
- 11/2023
- EIN
- 20-8048908
Organization Overview
The Sidney Ferenc Family Foundation is located in Highland Beach, FL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sidney Ferenc Family 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 11/2023, Sidney Ferenc Family Foundation generated $116.1k in total revenue. All expenses for the organization totaled $164.4k during the year ending 11/2023. While expenses have increased by 74.8% per year over the past 6 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.
Since 2015, Sidney Ferenc Family Foundation has awarded 66 individual grants totaling $525,183. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO CASCADE MEDICAL CENTER FOUNDATION TO SUPPORT THE GENERAL PURPOSE GRANT.
DONATION TO T OFF FOR AUTISM TO SUPPORT THE GENERAL FUND.
DONATION TO LEUKEMIA & LYMPHONA SOCIETY TO SUPPORT THE GENERAL FUND.
DONATION TO COVENANT HOUSE TO SUPPORT THE GENERAL FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney R Ferenc Director, President, Treas | 3 | $0 | |
Kyra Ferenc Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107,536 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,586 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3 |
| Capital Gain Net Income | $3 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $135 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $4,947 |
| Contributions, gifts, grants paid | $159,420 |
| Total expenses and disbursements | $164,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,623 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $347,480 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Sidney Ferenc Family Foundation has awarded $159,420 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: TO PROVIDE CARE AND SUPPORT FOR THOSE AFFECTED WITH ALZHEIMER'S | $200 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: OPERATION SWORDS OF IRON | $50,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: EDUCATIONAL AND OUTREACH INITIATIVES TO ENHANCE THE US-ISRAEL RELATIONSHIP | $75,000 |
AMERICAN CANCER SOCIETY PURPOSE: TO PROVIDE SUPPORT FOR INDIVIDUALS WITH CANCER | $500 |
CONSERVATIVE POLITICAL ACTION COALITION FOUNDATION PURPOSE: TO HELP FUND ALL OF THE CPAC FOUNDATION PROGRAM'S | $5,000 |
BOCA RATON POLICE FOUNDATION PURPOSE: TO PROVIDE TRAINING TOOLS FOR OFFICERS THAT SIMULATE HIGH-RISK SCENARIOS INVOLVING PEOPLE WITH MENTAL ILLNESSES | $500 |