Ferland Family Foundation Inc
- Assets
- $3.4m
- Revenue
- $1.1m
- Investments
- $3.2m
- Employees
- 0
- Location
- Ponte Vedra Beach, FL
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3494771
Organization Overview
Ferland Family Foundation Inc is located in Ponte Vedra Beach, FL. The organization was established in 2014. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferland Family Foundation 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 12/2023, Ferland Family Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $182.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ferland Family Foundation Inc has awarded 87 individual grants totaling $9,291,270. 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 |
|---|---|---|---|
E James Ferland President/treasurer | 0 | $0 | |
Eileen P Ferland Vice President/secretary | 0 | $0 | |
E James Ferland III Trustee | 0 | $0 | |
Elizabeth F Luce Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,265 |
| Capital Gain Net Income | $63,265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,840 |
| Total Revenue | $1,108,067 |
| 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 | $0 |
| Total operating and administrative expenses | $1,500 |
| Contributions, gifts, grants paid | $181,300 |
| Total expenses and disbursements | $182,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,522 |
| Savings and temporary cash investments | $0 |
| 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 | $3,384,812 |
| 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, Ferland Family Foundation Inc has awarded $181,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS PURPOSE: GENERAL CONTRIBUTION | $500 |
UNIVERSITY OF MAINE FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $150,000 |
SKOWHEGAN HISTORY HOUSE ASSOCIATION INC PURPOSE: GENERAL CONTRIBUTION | $500 |
RAYMOND WATERWAYS PURPOSE: GENERAL CONTRIBUTION | $500 |
THE WILLIAM A FARNSWORTH LIBRARY AND ART MUSEUM INC PURPOSE: GENERAL CONTRIBUTION | $10,000 |
CAMP SUNSHINE AT SEBAGO LAKE INC PURPOSE: GENERAL CONTRIBUTION | $2,500 |