Charles P Ferro Foundation
- Assets
- $4.7m
- Revenue
- $41.1k
- Investments
- $4.6m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 22-3253710
Organization Overview
Charles P Ferro Foundation is located in Burlington, VT. The organization was established in 1995. 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. Charles P Ferro 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, Charles P Ferro Foundation generated $41.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $282.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles P Ferro Foundation has awarded 187 individual grants totaling $938,250. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Ferro Co-Executive Director | 3 | $26,000 | |
Bonnie Ferro Co-Executive Director | 3 | $26,000 | |
Vera Dosky Trustee | 1.5 | $6,000 | |
Edward Friedhoff Trustee | 0.1 | $1,000 | |
Christopher Hund Non-Voting Member | 0.1 | $1,000 | |
Michael Hund Non-Voting Member | 0.1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,108 |
| Dividends & Interest | $101,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$61,193 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,178 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,797 |
| Printing and publications | $0 |
| Other expenses | $464 |
| Total operating and administrative expenses | $137,966 |
| Contributions, gifts, grants paid | $144,500 |
| Total expenses and disbursements | $282,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,293 |
| 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 | $4,722,511 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Charles P Ferro Foundation has awarded $259,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
THE HOLE IN THE WALL GANG CAMP PURPOSE: CABINRENOVATION | $50,000 |
THE HOLE IN THE WALL GANG CAMP PURPOSE: HERO'SJOURNEY PROGRAM | $50,000 |
THE HOLE IN THE WALL GANG CAMP PURPOSE: ONE-YEAR PLEDGE FOR THE DCMETRO HOP PROGRAM APPROVEDIN NOVEMBER 2022. | $50,000 |
DOG TAG BAKERY PURPOSE: D.C. FELLOWSHIP | $15,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: OPERATINGSUPPORT | $10,000 |
Fort Lauderdale, FL PURPOSE: UNIVERSITYART MUSEUM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |
Paulson Family Foundation New York, NY | $1,572,478,216 | -$118,029,619 |