Ferguson Electric Foundation
- Assets
- $814.0k
- Revenue
- $173.9k
- Investments
- $681.2k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 20-1084040
Organization Overview
Ferguson Electric Foundation is located in Buffalo, NY. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ferguson Electric Foundation 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 12/2022, Ferguson Electric Foundation generated $173.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $85.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ferguson Electric Foundation has awarded 124 individual grants totaling $339,000. 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 |
|---|---|---|---|
Thomas Murray CFO | 0.3 | $0 | |
Kevin T Roland President | 0.3 | $0 | |
James D Schneider Director | 0.3 | $0 | |
Kevin P Nugent Secretary | 0.3 | $0 | |
David R Pfalzgraf ESQ Director | 0.3 | $0 | |
David M Schmidt Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $149,400 |
| Interest on Savings | $18 |
| Dividends & Interest | $15,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,469 |
| Capital Gain Net Income | $8,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,748 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $9,109 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $85,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,845 |
| 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 | $384,502 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $814,019 |
| 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, Ferguson Electric Foundation has awarded $76,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BUFFALO AKG ART MUSEUM PURPOSE: CHARITABLE | $2,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE | $1,500 |
BISON CHILDREN'S SCHOLARSHIP FUND PURPOSE: CHARITABLE | $1,500 |
BUFFALO CITY MISSION PURPOSE: CHARITABLE | $3,000 |
BUFFALO PHILHARMONIC ORCHESTRA PURPOSE: CHARITABLE | $2,500 |