Ferris Olson Family Foundation For Ocean Stewardship
- Assets
- $172.7k
- Revenue
- $33.4k
- Investments
- $169.1k
- Employees
- 0
- Location
- South Freeport, ME
- Founding
- Data as of
- 12/2023
- EIN
- 88-1403435
Organization Overview
Ferris Olson Family Foundation For Ocean Stewardship is located in South Freeport, ME. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferris Olson Family Foundation For Ocean Stewardship is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Ferris-Olson President | 5 | $0 | |
James Olson Treasurer | 5 | $2,000 | |
Brian Ferris Secretary | 2 | $0 | |
Shelley Dini Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,639 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,547 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,252 |
| Capital Gain Net Income | $11,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,527 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $211 |
| Total operating and administrative expenses | $9,189 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $34,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,549 |
| 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 | $172,690 |
| 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, Ferris Olson Family Foundation For Ocean Stewardship has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ENGLAND AQUARIUM PURPOSE: ESTABLISH A NEW LEATHERBACK TURTLE TAGGING STUDY IN WESTERN PUERTO RICO THROUGH COMMUNITY-BASED COLLABORATION FOR LASTING CONSERVATION OUTCOMES. | $12,500 |
THE MARINE MAMMAL CENTER PURPOSE: THIS PROJECT WILL STUDY AND MONITOR WHALES IN SAN FRANCISCO BAY AND THE GULF OF THE FARRALLONES, WHERE THE THREAT FROM VESSEL STRIKES IS SIGNIFICANT. | $12,500 |