The J Ferrantino Charitable Foundation
- Assets
- $11.5m
- Revenue
- $822.2k
- Investments
- $10.4m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 09/2009
- Data as of
- 12/2022
- EIN
- 26-4457061
Organization Overview
The J Ferrantino Charitable Foundation is located in Ann Arbor, MI. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. J Ferrantino Charitable 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, J Ferrantino Charitable Foundation generated $822.2k 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 (4.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, J Ferrantino Charitable Foundation has awarded 111 individual grants totaling $4,470,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce T Wallace Secretary | 1 | $0 | |
George Borel Treasurer | 1 | $0 | |
Janette Ferrantino President | 1 | $0 | |
Sean Williams Director | 1 | $0 | |
Elise Brown Director | 1 | $0 | |
Janelle Green Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $505,980 |
| Interest on Savings | $0 |
| Dividends & Interest | $278,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,035 |
| Capital Gain Net Income | $38,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $822,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103 |
| Total operating and administrative expenses | $59,463 |
| Contributions, gifts, grants paid | $1,352,000 |
| Total expenses and disbursements | $1,411,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,571 |
| Savings and temporary cash investments | $845,866 |
| 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 | $5,418,923 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,537,127 |
| 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, The J Ferrantino Charitable Foundation has awarded $1,352,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AIM AT MELANOMA PURPOSE: HUMANITARIAN | $10,000 |
ARBOR HOSPICE FOUNDATION PURPOSE: HUMANITARIAN | $50,000 |
AVALON PURPOSE: HUMANITARIAN | $25,000 |
BIG BROTHERS AND BIG SISTERS OF WASHTENAW COUNTY PURPOSE: HUMANITARIAN | $25,000 |
BIRTH DETROIT INC PURPOSE: HUMANITARIAN | $300,000 |
CATHOLIC SOCIAL SERVICES PURPOSE: RELIGIOUS | $10,000 |