Ferrari Family Foundation
- Assets
- $90.7k
- Revenue
- $15.5k
- Investments
- $37.6k
- Employees
- 0
- Location
- Bonita Springs, FL
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 62-1689958
Organization Overview
Ferrari Family Foundation is located in Bonita Springs, FL. The organization was established in 1997. 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. Ferrari 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, Ferrari Family Foundation generated $15.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $15.2k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Keith Ferrari President | 1 | $0 | |
Kimberly A Ferrari Secretary | 1 | $0 | |
Heather Nichole Ferrari-Hamm Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $478 |
| Dividends & Interest | $686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,287 |
| Capital Gain Net Income | $14,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39 |
| Total operating and administrative expenses | $2,688 |
| Contributions, gifts, grants paid | $12,500 |
| Total expenses and disbursements | $15,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,069 |
| 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 | $5,002 |
| Total assets | $90,674 |
| 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, Ferrari Family Foundation has awarded $2,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BIG OAK RANCH PURPOSE: TO FURTHER EXEMPT PURPOSE | $500 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,000 |
PRISON FELLOWSHIP PURPOSE: TO FURTHER EXEMPT PURPOSE | $500 |
CANAAN LAND MINISTRIES PURPOSE: TO FURTHER EXEMPT PURPOSE | $250 |