Civic Intelligence

Ferren Memorial Inc

EIN 81-2646249 • 501(c)3 • Burlington, MA

Profile

Organized to raise funds for awarding college scholarships and trade scholarships to high school graduates and also post college graduates

37 Lantern LaneBurlington, MA 01803

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

16th percentile

-41%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-10%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-18%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$45,503

Down $5,121 (-10%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$45,503

Down $5,121 (-10%) from 2023

Revenue

Down

$12,492

Down $2,663 (-18%) from 2023

Expenses

Up

$17,613

Up $4,465 (+34%) from 2023

Net Income

Down

-$5,121

Down $7,128 (-355%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2016: $14,584Liabilities 2016: $02016Assets 2017: $22,353Net Assets 2017: $22,3532017Assets 2020: $28,671Net Assets 2020: $28,6712020Assets 2021: $48,408Liabilities 2021: $0Net Assets 2021: $48,4082021Assets 2022: $48,617Liabilities 2022: $0Net Assets 2022: $48,6172022Assets 2023: $50,624Liabilities 2023: $0Net Assets 2023: $50,6242023Assets 2024: $45,503Liabilities 2024: $0Net Assets 2024: $45,5032024

Highlighted filing

2024

Assets$45,503
Liabilities$0
Net Assets$45,503

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$30K$20K$10K$0-$10KRevenue 2016: $14,691Expenses 2016: $107Net Income 2016: $14,5842016Revenue 2017: $11,983Expenses 2017: $4,214Net Income 2017: $7,7692017Revenue 2020: $4,380Expenses 2020: $3,809Net Income 2020: $5712020Revenue 2021: $31,343Expenses 2021: $11,685Net Income 2021: $19,6582021Revenue 2022: $18,055Expenses 2022: $23,055Net Income 2022: -$5,0002022Revenue 2023: $15,155Expenses 2023: $13,148Net Income 2023: $2,0072023Revenue 2024: $12,492Expenses 2024: $17,613Net Income 2024: -$5,1212024

Highlighted filing

2024

Revenue$12,492
Expenses$17,613
Net Income-$5,121

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$30,600
Mission and Program Overview

Mission

Organized to raise funds for awarding college scholarships and trade scholarships to high school graduates and also post college graduates

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$50,624$45,503▼ $5,121
Total Assets$50,624$45,503▼ $5,121
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50,624$45,503▼ $5,121
Total Net Assets Fund Balance$50,624$45,503▼ $5,121
Total Liabilities and Net Assets / Fund Balance$50,624$45,503▼ $5,121
Compensation and Service Providers

Board Members and Trustees

NameTitle
NaN/a
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$12,492
Change in Net Assets
$-5,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,500
Other Expenses$2,113
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$15,500--$15,500
Other Expenses$1,146$0$0$1,146
Conferences and Meetings$0$360$0$360
Advertising$0$354$0$354
Fees for Services Management$0$186$0$186
Office Expenses$0$67$0$67
Total Functional Expenses$16,646$967$0$17,613
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,600
Fundraising Direct Expenses$18,108
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$37,715$37,715$15,500$22,215
Wine Tasting----
Total Events$37,715$37,715$33,828$3,887
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ferren Memorial Inc
EIN
81-2646249
Phone
3392344728
Address
37 LANTERN LANE, BURLINGTON, MA 01803

Signing Officer

Name
John J Ferren
Title
President
Phone
3392344728
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Ferren
Formed
2016
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Thomas P Craig CPA Pc
Address
11 MIDDLESEX AVE STE 3, WILMINGTON, MA 01887
Preparer
Joseph W Brine
Phone
9786575272
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board of directors each receive a copy of the 990 to review and make comments

Pt VI, Line 12C

Each board of directors are asked if they have any relationship to any of the scholarship recipients as each recipient is reviewed

Raw XML Appendix285 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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IRS990/GrantsToIndividualsInd0true
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt030600
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OtherInd0X
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IRS990/ReconcilationRevenueExpnssAmt0-5121
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ReturnHeader/Filer/PhoneNum03392344728
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ReturnHeader/PreparerPersonGrp/PhoneNum09786575272
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH W BRINE
ReturnHeader/ReturnTs02025-11-13T09:00:40-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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