Ferrara Foundation Inc
- Assets
- $5.0m
- Revenue
- $228.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 92-1281007
Organization Overview
Ferrara Foundation Inc is located in Boston, MA. 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. Ferrara 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, Ferrara Foundation Inc generated $228.5k in total revenue.
Since 2023, Ferrara Foundation Inc has awarded 20 individual grants totaling $238,000. 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 |
|---|---|---|---|
Alfred J Ferrara Dir, Treas | 1 | $0 | |
Claudia J Ferrara Dir, VP | 1 | $0 | |
Jack A Ferrara Dir, Comm Relations Officer | 1 | $0 | |
John M Ferrara Dir, Pres | 1 | $0 | |
Kathleen A Ferrara Dir, Clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $228,498 |
| 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 | $228,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,026 |
| Total operating and administrative expenses | $23,679 |
| Contributions, gifts, grants paid | $238,000 |
| Total expenses and disbursements | $261,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,974,837 |
| 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 | $4,974,837 |
| 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, Ferrara Foundation Inc has awarded $238,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBS OF BOSTON INC PURPOSE: CAPSTONE PARTNERS-2023 CAMPAIGN | $5,000 |
BROOKLINE FOOD PANTRY INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
C5 YOUTH FOUNDATION OF TEXAS INC PURPOSE: CAPSTONE PARTNERS-2023 CAMPAIGN | $5,000 |
CATHOLIC CHARITABLE BUREAU OF THE ARCHDIOCESE OF B PURPOSE: FERRARA FAMILY FOUNDATION SCHOLARSHIP FUND | $25,000 |
DANA FARBER CANCER INSTITUTE INC PURPOSE: THE FERRARA PEDIATRIC PATIENT ASSISTANCE FUND | $25,000 |
DJ DREAM FUND PURPOSE: GENERAL & UNRESTRICTED | $5,000 |