Ferroni Foundation Inc
- Assets
- $1.8m
- Revenue
- $24.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Verdi, NV
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5292528
Organization Overview
Ferroni Foundation Inc is located in Verdi, NV. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Ferroni Foundation Inc 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, Ferroni Foundation Inc generated $24.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $103.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ferroni Foundation Inc has awarded 50 individual grants totaling $591,130. 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 |
|---|---|---|---|
Karen Ferroni President | 0 | $0 | |
Silvia F Edwards Secretary, Treasurer | 0 | $0 | |
Sarah F Griffin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,455 |
| Dividends & Interest | $40,153 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,464 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $328 |
| Taxes | $665 |
| Depreciation | $8,500 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,500 |
| Printing and publications | $0 |
| Other expenses | $5,632 |
| Total operating and administrative expenses | $30,811 |
| Contributions, gifts, grants paid | $72,697 |
| Total expenses and disbursements | $103,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,436 |
| Net Accounts receivable | $3,169 |
| 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 | $335,521 |
| Net Land, buildings, and equipment | $21,248 |
| Other assets | $0 |
| Total assets | $1,774,444 |
| 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, Ferroni Foundation Inc has awarded $72,697 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BELIZE EYE CLINICBELIZEKIDSORG PURPOSE: CHARITABLE-INVEST IN PROJECTS HELPING SCHOOLS, BUILD AND MAINTAIN PARKS AND PLAYGROUNDS, SUPPORT AND EXPAND HEALTHCARE AND PROVIDE EDUCATIONAL SCHOLARSHIPS | $30,000 |
LOS CABOS CHILDREN'S FOUNDATION PURPOSE: CHARITABLE-PROVIDE MEDICAL, EDUCATIONAL, AND HUMANITARIAN ASSISTANCE TO CHILDREN AND THEIR FAMILIES | $2,497 |
NORTHERN NEVADA CHILDREN'S CANCER FOUNDATION PURPOSE: CHARITABLE-ENHANCE THE QUALITY OF LIFE FOR CHILDREN WITH CANCER AND THEIR FAMILIES BY PROVIDING FINANCIAL ASSISTANCE AND COMPASSIONATE SUPPORT PROGRAMS WHILE ADVOCATING FOR MORE RESEARCH FUNDS AND RAISING PUBLIC AWARENESS | $5,000 |
ST JAMES ACADEMY PURPOSE: CHARITABLE-ENABLE STUDENTS, EDUCATORS, AND COMMUNITY TO PRACTICE CHRIST-CENTERED ACTIVITY IN EVERYDAY LIFE | $2,200 |
THE LIMMAT FOUNDATIONESMERALDA FOUNDATION PURPOSE: CHARITABLE-PROVIDE FUNDING FOR HUMANITARIAN EFFORTS THROUGHOUT THE WORLD | $3,000 |
RENO RESCUE PURPOSE: CHARITABLE - PROVIDE THERAPEUTIC HORSEBACK RIDING INSTRUCTION TO YOUTH, THE DISABLED, VETERANS AND SENIORS. | $30,000 |