Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund
- Assets
- $265.9k
- Revenue
- $18.2k
- Investments
- $254.1k
- Employees
- 0
- Location
- Norwich, NY
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 16-6336875
Organization Overview
Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund is located in Norwich, NY. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2021, Franklin L Fero 230303 Fero & Jones Memorial Scholarship Fund generated $18.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $22.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,394 |
| Capital Gain Net Income | $9,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34 |
| Total Revenue | $18,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $5,946 |
| Contributions, gifts, grants paid | $16,568 |
| Total expenses and disbursements | $22,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,794 |
| 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 | $254,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $265,864 |
| 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 |
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