Charles P Ferro Foundation
- Assets
- $5.2m
- Revenue
- $213.7k
- Investments
- $5.1m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 22-3253710
Organization Overview
Charles P Ferro Foundation is located in Burlington, VT. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles P Ferro 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 12/2023, Charles P Ferro Foundation generated $213.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles P Ferro Foundation has awarded 244 individual grants totaling $1,205,750. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Ferro Co-Executive Director | 3 | $26,000 | |
Marianne Ferro Co-Executive Director | 3 | $26,000 | |
Vera Dosky Trustee | 1.5 | $6,000 | |
Edward Friedhoff Trustee | 0.1 | $1,000 | |
Jennifer Ferro Lessieu Trustee | 0.1 | $1,000 | |
Marc Ferro Trustee | 0.1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $689 |
| Dividends & Interest | $91,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,717 |
| Capital Gain Net Income | $113,717 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,806 |
| Total Revenue | $213,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,356 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,851 |
| Printing and publications | $0 |
| Other expenses | $481 |
| Total operating and administrative expenses | $125,885 |
| Contributions, gifts, grants paid | $1,124,000 |
| Total expenses and disbursements | $1,249,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $113,038 |
| 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 | $5,185,780 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,000,000 |
| 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 | $1,000,000 |
Grants Awarded
Over the last fiscal year, Charles P Ferro Foundation has awarded $174,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF APPALACHIA PURPOSE: OPERATING SUPPORT | $5,000 |
SHELBURNE FARMS PURPOSE: OPERATING SUPPORT | $2,500 |
HOLE IN THE WALL GANG CAMP PURPOSE: PAYMENT OF PRIOR YEAR GRANT PAYABLE - MID- ATLANTIC HOP PROGRAM | $50,000 |
VERMONT PARKS FOREVER PURPOSE: OPERATING SUPPORT | $1,500 |
BOYS & GIRLS CLUB OF BURLINGTON PURPOSE: OPERATING SUPPORT | $1,000 |
AGE WELL PURPOSE: OPERATING SUPPORT | $2,500 |