Civic Intelligence

Ferro Foundation Inc.

990EZ • Fiscal year 2018 • EIN 81-4817970

Dec 01, 2017 to Nov 30, 2018 • Filed on Jun 24, 2019

Organization ProfileN/A
70 Mall DriveCommack, NY 11725

(516) 296-7777

Siviq Scores

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

Liabilities / Assets

89th percentile

0.00x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • NTEE T20 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.00x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • NTEE T20 • <$500k nonprofits • Source year 2018

Net Margin

95th percentile

99%

Higher net margin than 95% of similar nonprofits.

2018 filings • NTEE T20 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2018 filings • NTEE T20 • <$500k nonprofits • Source year 2018

Asset Growth

99th percentile

3460%

Faster asset growth than 99% of similar nonprofits.

2018 filings • NTEE T20 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

1940%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • NTEE T20 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$103,664

Up $100,752 (+3460%) from 2017

Net Assets

Up

$103,614

Up $100,752 (+3520%) from 2017

Liabilities

Flat

$50

Flat from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin95th percentile

Revenue

Up

$102,024

Up $97,024 (+1940%) from 2017

Expenses

Down

$1,272

Down $866 (-41%) from 2017

Net Income

Up

$100,752

Up $97,890 (+3420%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$300K$200K$100K$0Assets 2017: $2,912Liabilities 2017: $50Net Assets 2017: $2,8622017Assets 2018: $103,664Liabilities 2018: $50Net Assets 2018: $103,6142018Assets 2019: $182,541Liabilities 2019: $75Net Assets 2019: $182,4662019Assets 2020: $198,672Liabilities 2020: $75Net Assets 2020: $198,5972020Assets 2021: $193,176Liabilities 2021: $75Net Assets 2021: $193,1012021Assets 2022: $178,035Liabilities 2022: $75Net Assets 2022: $177,9602022Assets 2023: $230,317Liabilities 2023: $75Net Assets 2023: $230,2422023Assets 2024: $176,698Liabilities 2024: $75Net Assets 2024: $176,6232024

Highlighted filing

2018

Assets$103,664
Liabilities$50
Net Assets$103,614
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

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

$400K$200K$0-$200KRevenue 2017: $5,000Expenses 2017: $2,138Net Income 2017: $2,8622017Revenue 2018: $102,024Expenses 2018: $1,272Net Income 2018: $100,7522018Revenue 2019: $114,204Expenses 2019: $35,352Net Income 2019: $78,8522019Revenue 2020: $61,222Expenses 2020: $45,091Net Income 2020: $16,1312020Revenue 2021: $96,345Expenses 2021: $101,841Net Income 2021: -$5,4962021Revenue 2022: $99,153Expenses 2022: $114,294Net Income 2022: -$15,1412022Revenue 2023: $142,328Expenses 2023: $90,046Net Income 2023: $52,2822023Revenue 2024: $339,597Expenses 2024: $393,216Net Income 2024: -$53,6192024

Highlighted filing

2018

Revenue$102,024
Expenses$1,272
Net Income$100,752
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2017 to Nov 30, 2018
Signed
Jun 24, 2019
Return Version
2017v2.3
Gross Receipts
$149,315
Mission and Program Overview

Mission

Provide college scholarships to enrolled freshman towards their pursuit of undergraduate degrees. Provide support for the local community.

To provide college scholarships to enroll freshman towards their pursuit of undergraduate degrees. To provide support for the local community.

Program Services

DescriptionGrantsExpenses
TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SALVATORE FERROPresident-$0--
SETH SELESNOWTreasurer/Se-$0--
JOE HATZFELDVice Preside-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$149,315$149,315$47,291$102,024
Total Events$149,315$149,315$47,291$102,024
Filing and Contact Details

Filer

Filer Name
The Ferro Foundation Inc
EIN
81-4817970
Phone
5162967777
Address
70 MALL DRIVE, COMMACK, NY 11725

Signing Officer

Name
Salvatore Ferro
Title
President
Phone
5162967777
Signed
2019-06-24
Discuss with paid preparer
Yes

Preparer

Firm
The Chwast CPA Group Pc
Address
445 BROAD HOLLOW RD STE CL-43, MELVILLE, NY 11747
Preparer
Jay L Nathan
Phone
6314245200
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item B

“Original return was filed before year end was completed.”

Form 990-ez, Part I, Line 16

“Expenses office 300 credit card fees 272 nys char 500 50 total 622”

Form 990-ez, Part II, Line 24

“Accounts receivable 0 3,500 total 0 3,500”

Form 990-ez, Part II, Line 26

“Nys filing fee payable 50 50”

Form 990-ez, Part III

“To provide college scholarships to enroll freshman towards their pursuit of undergraduate degrees. To provide support for the local community.”

Raw XML Appendix140 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AmendedReturnInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0SETH SELESNOW
IRS990EZ/BooksInCareOfDetail/PhoneNum05162967777
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt012 BEATRICE AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SYSOSSET
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011791
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02912
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0100164
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0100752
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0650
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt02912
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0103664
IRS990EZ/FundraisingGrossIncomeAmt0149315
IRS990EZ/GrossReceiptsAmt0149315
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt02862
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0103614
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt02862
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0103614
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SALVATORE FERRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SETH SELESNOW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOE HATZFELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER/SE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03500
IRS990EZ/OtherExpensesTotalAmt0622
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt047291
IRS990EZ/SpecialEventsNetIncomeLossAmt0102024
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt050
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt050
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01272
IRS990EZ/TotalRevenueAmt0102024
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0149315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0149315
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0154315
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0149315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/Total509Grp/TotalAmt0154315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0149315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0154315
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt047291
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0149315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0149315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0149315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0149315
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0102024
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt047291
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt047291
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORIGINAL RETURN WAS FILED BEFORE YEAR END WAS COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE 300 CREDIT CARD FEES 272 NYS CHAR 500 50 TOTAL 622
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 0 3,500 TOTAL 0 3,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NYS FILING FEE PAYABLE 50 50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE FERRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05162967777
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FERRO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FERR
ReturnHeader/Filer/EIN0814817970
ReturnHeader/Filer/PhoneNum05162967777
ReturnHeader/Filer/USAddress/AddressLine1Txt070 MALL DRIVE
ReturnHeader/Filer/USAddress/CityNm0COMMACK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011725
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId048FFB77D4616A23198CCEF00C1607D9269D3B27A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId048FFB77D4616A23198CCEF00C1607D9269D3B27A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-08-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:49:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113131187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE CHWAST CPA GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0445 BROAD HOLLOW RD STE CL-43
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011747
ReturnHeader/PreparerPersonGrp/PhoneNum06314245200
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY L NATHAN
ReturnHeader/ReturnTs02019-08-09T16:49:23-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-12-01
ReturnHeader/TaxPeriodEndDt02018-11-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,664
Liabilities
$50
Net assets
$103,614
Revenue
$102,024
Expenses
$1,272
Net income
$100,752
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.77$3.40$3.93$0.54
2023Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$1.42$0.90$0.52
2022Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.99$1.14$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.96$1.02$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.61$0.45$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.82$1.14$0.35$0.79
2018Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$1.02$0.01$1.01
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.05$0.02$0.03