Ferroni Foundation Inc
- Assets
- $1.8m
- Revenue
- $31.9k
- Investments
- $901.7k
- Employees
- 0
- Location
- Verdi, NV
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-5292528
Organization Overview
Ferroni Foundation Inc is located in Verdi, NV. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Ferroni 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 12/2021, Ferroni Foundation Inc generated $31.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $28.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ferroni Foundation Inc has awarded 33 individual grants totaling $326,233. 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 |
|---|---|---|---|
Sarah F Griffin Director | 0 | $0 | |
Silvia F Edwards Secretary, Treasurer | 0 | $0 | |
Karen Ferroni President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,596 |
| Dividends & Interest | $8,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,227 |
| Capital Gain Net Income | $20,227 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $325 |
| Depreciation | $4,250 |
| Occupancy | $639 |
| Travel, conferences, and meetings | $1,000 |
| Printing and publications | $0 |
| Other expenses | $2,926 |
| Total operating and administrative expenses | $19,915 |
| Contributions, gifts, grants paid | $8,070 |
| Total expenses and disbursements | $27,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,232 |
| Net Accounts receivable | $19 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $752,052 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $6,136 |
| Investments—mortgage loans | $0 |
| Investments—other | $398,653 |
| Net Land, buildings, and equipment | $38,248 |
| Other assets | $0 |
| Total assets | $1,773,356 |
| 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, Ferroni Foundation Inc has awarded $8,070 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE PURPOSE: CHARITABLE-HELP PEOPLE AROUND THE WORLD AFFECTED BY HUMANITARIAN CRISES TO SURVIVE, RECOVER, AND REBULD THEIR LIVES | $5,000 |
ESMERALDA FOUNDATION PURPOSE: CHARITABLE-PROVIDE FUNDING FOR HUMANITARIAN EFFORTS THROUGHOUT THE WORLD | $1,950 |
FRIENDS OF CASA HOGAR PURPOSE: CHAITABLE-PROVIDE SUPPORT TO ORPHANAGES AND LIKE ORGANIZATIONS THAT SHOW A PATH OF SUCCESS FOR YOUNG BOYS AND GIRLS IN NEED | $600 |
Reno, NV PURPOSE: CHARITABLE-ENHANCE THE QUALITY OF LIFE FOR CHILDREN WITH CANCER AND THEIR FAMILIES BY PROVIDING FINANCIAL ASSISTANCE AND COMPASSIONATE SUPPORT PROGRAMS WHILE ADVOCATING FOR MORE RESEARCH FUNDS AND RAISING PUBLIC AWARENESS | $520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |
Inland Empire United Way Rancho Cucamonga, CA | $4,505,450 | $6,854,320 |
Partners In School Innovation San Francisco, CA | $2,518,159 | $5,628,468 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |