Nonprofit · EIN 81-4817970
FERRO FOUNDATION INC
Tax-exempt · COMMACK, NY 11725
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990 | $339,597 | $393,216 | -$53,619 | $176,698 | $75 | $176,623 |
| November 30, 2023 | 990 | $142,328 | $90,046 | $52,282 | $230,317 | $75 | $230,242 |
Financial details: 990 for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $129,883
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $209,714
- Other revenue
- $209,714
Expenses
- Grants and similar amounts paid
- $331,299
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $331,299
- Management and general (functional)
- $61,917
Balance sheet and other
- Total assets, start of year
- $230,317
- Total assets, end of year
- $176,698
- Total liabilities, end of year
- $75
- Net assets, end of year
- $176,623
- Net assets without donor restrictions
- $176,623
- Gross receipts
- $496,878
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- NY
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 for the year ended November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRIS AMPLO | BOARD MEMBER Trustee or director | – | $0 |
| CHRISTOPHER FERRO | BOARD MEMBER Trustee or director | – | $0 |
| JOE HATZFELD | BOARD MEMBER Trustee or director | – | $0 |
| DR HENRY SIKORSKI | BOARD MEMBER Trustee or director | – | $0 |
| SALVATORE FERRO | PRESIDENT Officer | – | $0 |
| SETH SELESNOW | TREASURER Officer | – | $0 |
990 for the year ended November 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRIS AMPLO | BOARD MEMBER Trustee or director | – | $0 |
| CHRISTOPHER FERRO | BOARD MEMBER Trustee or director | – | $0 |
| JOE HATZFELD | BOARD MEMBER Trustee or director | – | $0 |
| DR HENRY SIKORSKI | BOARD MEMBER Trustee or director | – | $0 |
| SALVATORE FERRO | PRESIDENT Officer | – | $0 |
| SETH SELESNOW | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 10 SAMARA CT, COMMACK, NY 11725-2535
- In care of
- % SALVATORE FERRO
- Principal officer (990 for 2023)
- SALVATORE FERRO, 10 SAMARA COURT, COMMACK, NY 11725
- Signed the 990
- SALVATORE FERRO, PRESIDENT
- Phone
- (516) 287-4789
- Website
- FERROFOUNDATION.ORG
- Return prepared by
- THE CHWAST CPA GROUP PC
Mission
TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.
Program accomplishments
- TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.Expenses $331,299 · grants $331,299
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4817970
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $176,698
- Income (IRS master file)
- $496,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2024 | $339,597 | $393,216 | $176,698 | XML |
| 990 | November 2023 | $142,328 | $90,046 | $230,317 | XML |
| 990-EZ | November 2022 | – | – | – | IRS |
| 990-EZ | November 2021 | – | – | – | IRS |
| 990-EZ | November 2020 | – | – | – | IRS |
| 990-EZ | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 81-4817970).
Questions about FERRO FOUNDATION INC
- What is the EIN of FERRO FOUNDATION INC?
- The employer identification number (EIN) of FERRO FOUNDATION INC is 81-4817970.
- Is FERRO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FERRO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FERRO FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FERRO FOUNDATION INC due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FERRO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2024.
- Who is the principal officer of FERRO FOUNDATION INC?
- The 990 for the year ended November 30, 2024 names SALVATORE FERRO.
- Who are the officers and directors of FERRO FOUNDATION INC?
- The 990 for the year ended November 30, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does FERRO FOUNDATION INC have?
- On its 990 for the year ended November 30, 2024 it reported revenue of $339,597, expenses of $393,216 and total assets of $176,698 at year end.
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