Ferro Foundation Inc
- Assets
- $193.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Commack, NY
- Founding
- 10/2017
- Data as of
- 11/2021
- EIN
- 81-4817970
Organization Overview
Ferro Foundation Inc is located in Commack, NY. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ferro 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 11/2021, Ferro Foundation Inc generated $96.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $101.8k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salvatore Ferro President | 1 | $0 | |
Seth Selesnow Treasurer | 1 | $0 | |
Joe Hatzfeld Board Member | 1 | $0 | |
Kris Amplo Board Member | 1 | $0 | |
Dr Henry Sikorski Board Member | 1 | $0 | |
Christopher Ferro Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $91,345 |
| Other Revenue | $0 |
| Total Revenue | $96,345 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,441 |
| Total expenses | $101,841 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $191,051 |
| Other assets | $0 |
| Total assets | $193,176 |
| Total liabilities | $75 |
| Net assets or fund balances | $193,101 |
Peer Organizations
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|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |