Ferrari Owners Charitable Foundation
- Assets
- $109.0k
- Revenue
- $308.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Kentfield, CA
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 27-4500443
Organization Overview
Ferrari Owners Charitable Foundation is located in Kentfield, CA. The organization was established in 2013. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Ferrari Owners Charitable 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, Ferrari Owners Charitable Foundation generated $308.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $251.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ferrari Owners Charitable Foundation has awarded 12 individual grants totaling $272,649. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CONDUCTS AN ANNUAL CHARITY CAR RALLY. OPERATING EXPENSES ARE PAID FROM REVENUES; NET PROCEEDS ARE DONATED TO A CHARITY SELECTED ANNUALLY BY THE BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 10TH ANNIVERSARY 2021 FOG RALLY CELEBRATED A DECADE OF MAKING A DIFFERENCE FOR KIDS. IN HONOR OF THIS MILESTONE, THE 2021 FOG RALLY JOINTLY BENEFITED: MAKE-A-WISH (GREATER BAY AREA AND TRI-COUNTIES), MARKING THE SEVENTH CONSECUTIVE YEAR OF OUR CHARITY PARTNERSHIP AND, FOCFS FUND FOR KIDS WHICH WAS CREATED THIS YEAR TO PROVIDE GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS DIRECTLY HELPING KIDS IN NEED AND YOUTH AT RISK. THROUGH THE RALLY FUNDRAISING EFFORTS: A $125,000 DONATION WAS MADE TO MAKE-A-WISH, BRINGING THE FOUNDATIONS TOTAL DONATION TO MAKE-A-WISH TO $2M ENABLING OVER 200 WISHES; AND A $125,000 DONATION WAS MADE TO THE FUND FOR KIDS, WHICH WAS DIVIDED EQUALLY BETWEEN BAY AREA CRISIS NURSERY, EAST PALO ALTO KIDS FOUNDATION, HTM.ELLE, AND LARKIN STREET YOUTH SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Dublin President & Chairman | OfficerTrustee | 1 | $0 |
Chris Dolan Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Petereson Board Member | Trustee | 1 | $0 |
Caren Bell Board Member | Trustee | 1 | $0 |
Brenda Van Camp Board Member | Trustee | 1 | $0 |
Ed Peggs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,619 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $41,590 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,619 |
| Total Program Service Revenue | $0 |
| Investment income | $297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $208,325 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,649 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $463 |
| Fees for services: Accounting | $6,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $690 |
| Advertising and promotion | $0 |
| Office expenses | $356 |
| Information technology | $1,379 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,644 |
| All other expenses | $0 |
| Total functional expenses | $251,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,415 |
| Savings and temporary cash investments | $37,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,043 |
| Accounts payable and accrued expenses | $72 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,072 |
| Net assets without donor restrictions | $0 |
| 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 | $105,971 |
| Total liabilities and net assets/fund balances | $109,043 |
Grants Awarded
Over the last fiscal year, Ferrari Owners Charitable Foundation has awarded $236,649 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: GENERAL OPERATIONS TO GRANT WISHES | $97,649 |
San Francisco, CA PURPOSE: GENERAL OPERATIONS TO HELP KIDS | $33,250 |
Concord, CA PURPOSE: GENERAL OPERATIONS TO HELP KIDS | $33,250 |
San Francisco, CA PURPOSE: GENERAL OPERATIONS TO HELP KIDS | $31,250 |
East Palo Alto, CA PURPOSE: GENERAL OPERATIONS TO HELP KIDS | $31,250 |
Camarillo, CA PURPOSE: GENERAL OPERATIONS TO HELP KIDS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ferrari Owners Charitable Foundation has recieved totaling $1,059.
| Awarding Organization | Amount |
|---|---|
Jason Family Foundation Irvine, CA PURPOSE: OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |