Ferrandino Family Charity Inc
- Assets
- $179.5k
- Revenue
- $219.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmingdale, NY
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3770268
Organization Overview
Ferrandino Family Charity Inc is located in Farmingdale, NY. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support 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. Ferrandino Family Charity 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 12/2021, Ferrandino Family Charity Inc generated $219.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $152.2k during the year ending 12/2021. 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 |
|---|---|---|---|
Peter Ferrandino Director | 5 | $0 | |
Greyson Ferrandino Director | 5 | $0 | |
Karen Ferrandino Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $219,034 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $219,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,879 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,332 |
| Total operating and administrative expenses | $87,211 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $152,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,610 |
| Savings and temporary cash investments | $0 |
| 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 | $5,866 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $179,476 |
| 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, Ferrandino Family Charity Inc has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: CHARITABLE PURPOSES | $40,000 |
THE MORGAN CENTER PURPOSE: CHARITABLE PURPOSES | $15,000 |
LLS ARIZONA PURPOSE: CHARITABLE PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
Imamia Medics International Inc Princeton, NJ | $2,935,135 | $3,395,301 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Edward And Mary Lord Foundation North Franklin, CT | $19,072,145 | $1,295,529 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
Jewish Community Properties Inc Cherry Hill, NJ | $10,959,629 | $182,673 |
Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
Soldier On Development & Management Company Inc Pittsfield, MA | $435,591 | $411,238 |
Backpacks For Life Inc Jersey City, NJ | $420,764 | $332,260 |