Ferrandino Family Charity Inc
- Assets
- $288.2k
- Revenue
- $339.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-3770268
Organization Overview
Ferrandino Family Charity Inc is located in Farmingdale, NY. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support 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. Ferrandino Family Charity 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, Ferrandino Family Charity Inc generated $339.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $279.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ferrandino Family Charity Inc has awarded 16 individual grants totaling $356,500. 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 |
|---|---|---|---|
Peter Ferrandino Director | 5 | $0 | |
Karen Ferrandino Director | 5 | $0 | |
Greyson Ferrandino Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $339,544 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,544 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,800 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153,310 |
| Total operating and administrative expenses | $182,789 |
| Contributions, gifts, grants paid | $96,500 |
| Total expenses and disbursements | $279,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,952 |
| 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 | $206 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $288,158 |
| Accounts payable and accrued expenses | $19,679 |
| 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 | $19,679 |
Grants Awarded
Over the last fiscal year, Ferrandino Family Charity Inc has awarded $96,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: CHARITABLE PURPOSES | $50,000 |
THE MORGAN CENTER PURPOSE: CHARITABLE PURPOSES | $15,000 |
THE CLARK GILLIES FOUNDATION PURPOSE: CHARITABLE PURPOSES | $10,000 |
THE AMPLO FAMILY FOUNDATION PURPOSE: CHARITABLE PURPOSES | $6,000 |
MILANA FAMILY FOUNDATION PURPOSE: CHARITABLE PURPOSES | $7,000 |
THE FERRO FOUNDATION PURPOSE: CHARITABLE PURPOSES | $5,000 |