Reno T And Virginia A Ferrero Scholarship Fund
- Assets
- $165.5k
- Revenue
- $7.8k
- Investments
- $165.5k
- Employees
- 0
- Location
- Merced, CA
- Founding
- 12/1993
- Data as of
- 12/2023
- EIN
- 95-2328086
Organization Overview
Reno T And Virginia A Ferrero Scholarship Fund is located in Merced, CA. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reno T And Virginia A Ferrero Scholarship Fund 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, Reno T And Virginia A Ferrero Scholarship Fund generated $7.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.9k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Horta Exalted Rulter | 8 | $0 | |
Jim Pacheco Leading Knight | 8 | $0 | |
Jane Lozano Secretary | 8 | $0 | |
Len Samuelson Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $447 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,394 |
| Capital Gain Net Income | $7,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $850 |
| Contributions, gifts, grants paid | $7,000 |
| Total expenses and disbursements | $7,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $165,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $165,460 |
| 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 | $5,928 |
| Total liabilities | $5,928 |
Grants Awarded
Over the last fiscal year, Reno T And Virginia A Ferrero Scholarship Fund has awarded $7,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DANIEL MURPHY PURPOSE: SCHOLARSHIP | $1,000 |
CELIAN HENN PURPOSE: SCHOLARSHIP | $1,000 |
MEGAN ESCOBAR PURPOSE: SCHOLARSHIP | $1,000 |
DYLAN WEBBER PURPOSE: SCHOLARSHIP | $1,000 |
AMBER LEE WILLIAMS PURPOSE: SCHOLARSHIP | $1,000 |
CHRIS TOSTE PURPOSE: SCHOLARSHIP | $1,000 |