Ferri Family Foundation
- Assets
- $56.0m
- Revenue
- $3.4m
- Investments
- $51.6m
- Employees
- 0
- Location
- Key Largo, FL
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 46-4350290
Organization Overview
Ferri Family Foundation is located in Key Largo, FL. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ferri 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 12/2022, Ferri Family Foundation generated $3.4m 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 (14.3%) each year. All expenses for the organization totaled $57.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ferri Family Foundation has awarded 79 individual grants totaling $6,569,139. 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 |
|---|---|---|---|
Paul J Ferri Trustee | 1 | $0 | |
Barbara B Ferri Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,904,000 |
| Interest on Savings | $9,099 |
| Dividends & Interest | $490,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,403,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,589 |
| Total operating and administrative expenses | $57,589 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $57,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,124,418 |
| Savings and temporary cash investments | $2,299,999 |
| 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 | $9,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,003,152 |
| 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, Ferri Family Foundation has awarded $1,968,227 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YELLOWSTONE CLUB FOUNDATION PURPOSE: GENERAL FUND - NO RESTRICTIONS | $10,000 |
OCEAN REEF COMMUNITY FOUNDATION PURPOSE: GENERAL FUND - NO RESTRICTIONS | $70,400 |
FERRI FAMILY FOUNDATIONS FIDELITY CHARITABLE TRUST PURPOSE: GENERAL FUND - NO RESTRICTIONS | $1,887,827 |