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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 56-6062560

FERREE EDUCATIONAL & WELFARE FUND

Tax-exempt · ASHEBORO, NC 27204

Financials

$116K$109K2023$98K$96K2024
Revenue Expenses · by fiscal year end
Financials of FERREE EDUCATIONAL & WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$97,621$95,526$2,095$2,227,364$2,377$2,224,987
December 31, 2023990-PF$116,271$108,723$7,548$2,163,220$17,815$2,145,405
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$27,495
Net gain from sales of assets
$34,875
Other income
$35,251

Expenses

Grants and similar amounts paid
$62,000
Compensation of officers, directors and key employees
$16,396
Disbursements for charitable purposes
$79,536
Excise tax on investment income
$1,241

Balance sheet and other

Total assets, start of year
$2,163,220
Total assets, end of year
$2,227,364
Total liabilities, end of year
$2,377
Net assets, end of year
$2,224,987
Fair market value of assets
$2,227,364
Qualifying distributions
$96,286
Net investment income
$97,621

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LINDA CRANFORD
PO BOX 2207, ASHEBORO, NC 27204
EXECUTIVE DIRECTOR10$16,396
DR AARON WOODY-SUPER OF CITY SCHOOL
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
DAVID SMITH-MAYOR OF ASHEBORO
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
MIKE KING-MARKET PRES WELLS FARGO
PO BOX 2207, ASHEBORO, NC 27204
TREASURER0.5$0
W MCDUFFY JOHNSON-THE WELSH GROUP
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
STEVEN GAINEY - SUPER OF CTY SCHOOL
PO BOX 2207, ASHEBORO, NC 27204
CHAIRMAN0.5$0
TRACIE MURPHY- DIRECTOR DSS
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
DARRELL FRYE-RAND CTY BOARD OF COM
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
MICHAEL SMITH-ASHEBORO CITY BOE
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
990-PF for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
LINDA CRANFORD
PO BOX 2207, ASHEBORO, NC 27204
EXECUTIVE DIRECTOR10$16,396
DR AARON WOODY-SUPER OF CITY SCHOOL
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
DAVID SMITH-MAYOR OF ASHEBORO
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
MIKE KING-MARKET PRES WELLS FARGO
PO BOX 2207, ASHEBORO, NC 27204
TREASURER0.5$0
W MCDUFFY JOHNSON-THE WELSH GROUP
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
STEVEN GAINEY - SUPER OF CTY SCHOOL
PO BOX 2207, ASHEBORO, NC 27204
CHAIRMAN0.5$0
TRACIE MURPHY- DIRECTOR DSS
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
DARRELL FRYE-RAND CTY BOARD OF COM
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0
MICHAEL SMITH-ASHEBORO CITY BOE
PO BOX 2207, ASHEBORO, NC 27204
TRUSTEE0.5$0

Address and contacts

Address (IRS master file)
PO BOX 2207, ASHEBORO, NC 27204-2207
Signed the 990-PF
LINDA CRANFORD, EXECUTIVE DIRECTOR
Phone
(336) 629-2998
Return prepared by
APRIO ADVISORY GROUP LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
56-6062560
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1958
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,227,364
Income (IRS master file)
$363,131

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$97,621$95,526$2,227,364XML
990-PFDecember 2023$116,271$108,723$2,163,220XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about FERREE EDUCATIONAL & WELFARE FUND

What is the EIN of FERREE EDUCATIONAL & WELFARE FUND?
The employer identification number (EIN) of FERREE EDUCATIONAL & WELFARE FUND is 56-6062560.
Is FERREE EDUCATIONAL & WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
Are donations to FERREE EDUCATIONAL & WELFARE FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FERREE EDUCATIONAL & WELFARE FUND file?
Form 990-PF. Private foundations file every year.
When is the next return of FERREE EDUCATIONAL & WELFARE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FERREE EDUCATIONAL & WELFARE FUND last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of FERREE EDUCATIONAL & WELFARE FUND?
The 990-PF for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $16,396 (LINDA CRANFORD, EXECUTIVE DIRECTOR).
How much revenue does FERREE EDUCATIONAL & WELFARE FUND have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $97,621, expenses of $95,526 and total assets of $2,227,364 at year end.

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