Ferry Family Foundation
- Assets
- $5.3m
- Revenue
- $90.9k
- Investments
- $5.1m
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 32-6000096
Organization Overview
Ferry Family Foundation is located in Westlake, OH. The organization was established in 2002. 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. Ferry Family 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 12/2023, Ferry Family Foundation generated $90.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $681.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ferry Family Foundation has awarded 53 individual grants totaling $6,608,000. 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 |
|---|---|---|---|
William Culbertson Trustee | 1 | $0 | |
Carol Colangelo Admstrtr & Trstee | 15 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $172,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$81,796 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $90,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $937 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $105,488 |
| Contributions, gifts, grants paid | $576,000 |
| Total expenses and disbursements | $681,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $247,997 |
| 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 | $5,327,877 |
| 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, Ferry Family Foundation has awarded $2,206,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BEER CITY DOG BISCUITS PURPOSE: ANNUAL FUND | $10,000 |
BOYS & GIRLS CLUB OF CLEVELAND PURPOSE: EDUCATIONAL ENHANCEMENT PROGRAMS | $10,000 |
CASE WESTERN RESERVE UNIV SCHOOL OF LAW PURPOSE: CAPITAL CAMPAIGN | $390,000 |
CITY MISSION OF CLEVELAND PURPOSE: HOMELESS PROJECTS FOR WOMEN AND CHILDREN | $20,000 |
CLEVELAND ANIMAL PROTECTIVE LEAGUE PURPOSE: ANNUAL FUND | $1,000 |
CUYAHOGA COUNTY PUBLIC LIBRARY PURPOSE: HOMEWORK CENTERS | $15,000 |