Patrick And Mary Ferro Foundationinc
- Assets
- $411.2k
- Revenue
- $15.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 26-0271538
Organization Overview
Patrick And Mary Ferro Foundationinc is located in Jupiter, FL. The organization was established in 2007. 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. Patrick And Mary Ferro Foundationinc 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 12/2022, Patrick And Mary Ferro Foundationinc generated $15.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $21.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patrick And Mary Ferro Foundationinc has awarded 46 individual grants totaling $174,550. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Ferro Director | 1 | $0 | |
Mary Ferro Director | 1 | $0 | |
Marc P Ferro Director | 1 | $0 | |
Jennifer Lessieu Director | 1 | $0 | |
Maren Tripolitsiotis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,594 |
| Capital Gain Net Income | $15,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,629 |
| Total operating and administrative expenses | $4,114 |
| Contributions, gifts, grants paid | $17,250 |
| Total expenses and disbursements | $21,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,481 |
| Savings and temporary cash investments | $399,756 |
| 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 | $411,237 |
| 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, Patrick And Mary Ferro Foundationinc has awarded $17,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JUPITER MEDICAL CENTER FOUNDATION PURPOSE: SUPPORT TO SUSTAIN EXCELLENCE OF CARE AT JUPITER MEDICAL CENTER | $10,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: SUPPROT FOR ST. JUDE RESEARCH HOSIPTAL | $5,000 |
TRUSTBRIDGE HOSPICE FOUNDATION PURPOSE: SUPPORT FOR HOSPICE CARE | $1,000 |
ADELPHI UNIVERSITY MENS GOLF PURPOSE: SUPPORT FRO ADELPHI UNIVERSITY MENS GOLF | $500 |
TAPS PURPOSE: SUPPORT FOR THE PROGRAMS THAT PROVIDE A PEER SUPPORT NETWORK AND CONNECTION TO GRIEF RESOURCES FOR THOSE GRIEVING THE DEATH OF A LOVED ONE SERVING IN THE UNITED STATES ARMED FORCES. | $500 |
PLAY FOR PINK BREAST CANCER PURPOSE: SUPPORT FOR FUNDING BREAST CANCER COUNSELING AND SUPPORT | $250 |