Civic Intelligence

Ferree Educational & Welfare Fund

990PF • Fiscal year 2020 • EIN 56-6062560

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 24, 2022

Organization Profile
PO Box 2207Asheboro, NC 27204

(336) 629-2998

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.00x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.09x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Net Margin

19th percentile

-26%

Higher net margin than 19% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$16,396

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2020 filings • $1M-$5M nonprofits • Source year 2020

Asset Growth

52nd percentile

3.8%

Faster asset growth than 52% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-14%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$2,225,301

Up $81,095 (+3.8%) from 2019

Net Assets

$2,217,058

No earlier filing loaded for comparison.

Liabilities

Up

$8,243

Up $2,702 (+49%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin19th percentile

Revenue

Down

$90,110

Down $14,990 (-14%) from 2019

Expenses

Down

$113,785

Down $5,907 (-4.9%) from 2019

Net Income

Down

-$23,675

Down $9,083 (-62%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $2,327,404Liabilities 2011: $2,7632011Assets 2012: $2,285,486Liabilities 2012: $12,1252012Assets 2013: $2,355,756Liabilities 2013: $31,1562013Assets 2014: $2,250,892Liabilities 2014: $4312014Assets 2015: $2,102,893Liabilities 2015: $4302015Assets 2019: $2,144,206Liabilities 2019: $5,5412019Assets 2020: $2,225,301Liabilities 2020: $8,243Net Assets 2020: $2,217,0582020Assets 2021: $2,309,650Liabilities 2021: $10,287Net Assets 2021: $2,299,3632021Assets 2022: $2,051,664Liabilities 2022: $18,645Net Assets 2022: $2,033,0192022Assets 2023: $2,163,220Liabilities 2023: $17,815Net Assets 2023: $2,145,4052023Assets 2024: $2,227,364Liabilities 2024: $2,377Net Assets 2024: $2,224,9872024

Highlighted filing

2020

Assets$2,225,301
Liabilities$8,243
Net Assets$2,217,058
Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KRevenue 2011: $131,531Expenses 2011: $87,248Net Income 2011: $44,2832011Revenue 2012: $157,097Expenses 2012: $208,377Net Income 2012: -$51,2802012Revenue 2013: $186,290Expenses 2013: $135,051Net Income 2013: $51,2392013Revenue 2014: $95,479Expenses 2014: $202,645Net Income 2014: -$107,1662014Revenue 2015: $80,662Expenses 2015: $166,296Net Income 2015: -$85,6342015Revenue 2019: $105,100Expenses 2019: $119,692Net Income 2019: -$14,5922019Revenue 2020: $90,110Expenses 2020: $113,785Net Income 2020: -$23,6752020Revenue 2021: $134,042Expenses 2021: $117,494Net Income 2021: $16,5482021Revenue 2022: $105,489Expenses 2022: $132,488Net Income 2022: -$26,9992022Revenue 2023: $116,271Expenses 2023: $108,723Net Income 2023: $7,5482023Revenue 2024: $97,621Expenses 2024: $95,526Net Income 2024: $2,0952024

Highlighted filing

2020

Revenue$90,110
Expenses$113,785
Net Income-$23,675
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 24, 2022
Return Version
2020v4.2
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA CRANFORDExecutive DirectorPT$16,396-$16,396
DR AARON WOODY-SUPER OF CITY SCHOOLChairman-$0--
DAVID SMITH-MAYOR OF ASHEBOROTrustee-$0--
MIKE KING-MARKET PRES WELLS FARGOTreasurer-$0--
W MCDUFFY JOHNSON-THE WELSH GROUPTrustee-$0--
STEVEN GAINEY - SUPER OF CTY SCHOOLTrustee-$0--
TRACIE MURPHY- DIRECTOR DSSTrustee-$0--
DARRELL FRYE-RAND CTY BOARD OF COMTrustee-$0--
GIDGET KIDD-ASHEBORO CITY BOARD OFTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Ferree Educational & Welfare Fund
EIN
56-6062560
Phone
3366292998
Address
PO BOX 2207, ASHEBORO, NC 27204

Signing Officer

Name
Linda Cranford
Title
Executive Director
Phone
3366292998
Signed
2022-02-24
Discuss with paid preparer
Yes

Preparer

Firm
Aprio Llp
Address
515-B WEST SALISBURY ST, ASHEBORO, NC 27203
Preparer
Courtney S Ageon CPA
Phone
3366256147
Raw XML AppendixShowing 400 of 486 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/CapGainsLossTxInvstIncmDetail/CapGainsLossTxInvstIncmGrp/PropertyDesc3CAPITAL GAINS DIVIDENDS
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt80
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0DR AARON WOODY-SUPER OF CITY SCHOOL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1DAVID SMITH-MAYOR OF ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2MIKE KING-MARKET PRES WELLS FARGO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3LINDA CRANFORD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm4W MCDUFFY JOHNSON-THE WELSH GROUP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm5STEVEN GAINEY - SUPER OF CTY SCHOOL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm6TRACIE MURPHY- DIRECTOR DSS
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm7DARRELL FRYE-RAND CTY BOARD OF COM
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm8GIDGET KIDD-ASHEBORO CITY BOARD OF
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt4TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt5TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt6TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt7TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt8TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt0PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt2PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt3PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt4PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt5PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt6PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt7PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt8PO BOX 2207
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm1ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm2ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm3ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm4ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm5ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm6ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm7ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm8ASHEBORO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd0NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd1NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd2NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd3NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd4NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd5NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd6NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd7NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd8NC
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd027204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd127204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd227204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd327204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd427204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd527204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd627204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd727204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd827204
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OtherEmployeePaidOver50kCnt00
IRS990PF/Organization501c3ExemptPFInd0X
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt0107874
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt081624
IRS990PF/QualifyingDistriPartXIIGrp/PctSect4940eOrgNetInvstIncmAmt00
IRS990PF/QualifyingDistriPartXIIGrp/ProgramRelatedInvstTotalAmt026250
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt0107874
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd00
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd00
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd00
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd00
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0LINDA CRANFORD EXECUTIVE DIRECTOR
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0PO BOX 2207
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0ASHEBORO
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NC
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd027204
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NC
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PhoneNum03366292998
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0WWW.FERREEFOUNDATION.ORG
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0SCHOLARSHIPS TO STUDENTS ATTENDING A COLLEGE OR UNIVERSITY. RECIPIENTS ARE DETERMINED BASED ON SCHOLASTIC ACHIEVEMENT AND NEED. FOR 2020 THERE WERE 30 STUDENTS WHO RECEIVED SCHOLARSHIPS.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt059500
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0PROVIDE LOW INTEREST LOANS TO STUDENTS FOR EDUCATIONAL PURPOSES SO THAT THEY MAY ATTEND A COLLEGE OR UNIVERSITY.
IRS990PF/SumOfProgramRelatedInvstGrp/Expenses1Amt026250
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt026250
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0THE APPLICATION FORM SHOULD BE COMPLETED AND BE SURE TO INCLUDE THE FOLLOWING INFORMATION: 1) CURRENT PICTURE - NEW APPLICANT ONLY (WITH NAME AND SCHOOL ON BACK) 2) TYPE OF REQUEST - SCHOLARSHIP, LOAN OR BOTH 3) APPLICATION NEW OR RENEWAL 4) AMOUNT OF FERREE LOAN REQUEST FOR THE YEAR 5) LIST OF ANY OTHER PERTINENT FINANCIAL INFORMATION WHICH APPLIES TO THE STUDENTS PERSONAL SITUATION, I.E., MEDICAL NEEDS, CARE OF GRANDPARENTS, OTHER POST-SECONDARY EDUCATION EXPENSES FO FAMILY, AND THE LIKE 6) COPIES OF THE FIRST TWO PAGES OF THE 1040 IRS RETURN FOR THE PREVIOUS YEAR 7) IN THE STUDENTS OWN HANDWRITING - A PERSONAL STATEMENT ABOUT THE STUDENT, EXPRESSING THEIR HOPES, AMBITIONS, AND EDUCATIONAL GOALS 8) CURRENT HIGH SCHOOL OR COLLEGE TRANSCRIPT TO BE INCLUDED - FOR NEW APPLICANTS ONLY 9) NAME AND PERMANENT ADDRESS OF SOMEONE (NON-PARENT) WHO WILL ALWAYS KNOW THE STUDENT'S ADDRESS 10) CHECK THE BOX THAT APPLICATION IS COMPLETE 11) PARENT OR GUARDIAN SIGNATURE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0FERREE EDUCATIONAL WELFARE FUND
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum03366292998
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt0PO BOX 2207
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0ASHEBORO
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0NC
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd027205
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0NEW STUDENTS MUST HAVE GRADUATED FROM ONE OF THE PUBLIC HIGH SCHOOLS IN RANDOLPH COUNTY. A NEW STUDENT ATTENDING RCC THAT IS NOT RIGHT OUT OF HIGH SCHOOL MUST BE A RESIDENT OF RANDOLPH COUNTY. THE APPLICATION REQUIRES THE SUBMISSION OF A FINANCIAL STATEMENT, ATTENDANCE AT AN INSTITUTION OF HIGHER LEARNING WITH THE LIMIT ON SCHOLARSHIP OF $2,000 PER YEAR. LOANS - ALL RETURNING STUDENTS WERE FUNDED AT THE USUAL RATE OF $1,000 PER YEAR FOR FOUR-YEAR DEGREE STUDENTS AND $500 PER YEAR FOR COMMUNITY COLLEGE STUDENTS. ALL NEW STUDENTS FUNDED AT $500 PER YEAR FOR COMMUNITY COLLEGE STUDENTS.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0ON OR BEFORE MAY 15 EACH YEAR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt059500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0SCHOLARSHIPS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0I
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm030 DIFFERENT STUDENTS FOR 2020
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0VARIOUS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0VARIOUS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd027204
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt059500
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt059201
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt059201
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt078495
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt09145
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt038225
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt038225
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0136313
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt048673
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt078495
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt09145
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0107874
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt048673
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0174538
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0125865
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt0299
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt11187
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt21076
LandEtcSchedule2/LandEtcGrp/BookValueAmt00
LandEtcSchedule2/LandEtcGrp/BookValueAmt10
LandEtcSchedule2/LandEtcGrp/BookValueAmt2119
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0PRINTER
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt1LAPTOP
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt2DELL HP PAVILION LAPTOP
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt0299
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt11187

Document Assets

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Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,225,301
Liabilities
$8,243
Net assets
$2,217,058
Revenue
$90,110
Expenses
$113,785
Net income
-$23,675
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.22$0.10$0.10$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.02$2.15$0.12$0.11$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.05$0.02$2.03$0.11$0.13$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.01$2.30$0.13$0.12$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$0.09$0.11$0.02
2019Summary only. Only limited summary data is available for this year.$2.14$0.01$0.11$0.12$0.01
2015Summary only. Only limited summary data is available for this year.$2.10$0.00$0.08$0.17$0.09
2014Summary only. Only limited summary data is available for this year.$2.25$0.00$0.10$0.20$0.11
2013Summary only. Only limited summary data is available for this year.$2.36$0.03$0.19$0.14$0.05
2012Summary only. Only limited summary data is available for this year.$2.29$0.01$0.16$0.21$0.05
2011Summary only. Only limited summary data is available for this year.$2.33$0.00$0.13$0.09$0.04