Civic Intelligence

Ferro Foundation Inc.

990EZ • Fiscal year 2019 • EIN 81-4817970

Dec 01, 2018 to Nov 30, 2019 • Filed on Sep 29, 2020

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

88th percentile

0.00x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • NTEE T20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.00x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • NTEE T20 • <$500k nonprofits • Source year 2019

Net Margin

81st percentile

69%

Higher net margin than 81% of similar nonprofits.

2019 filings • NTEE T20 • <$500k nonprofits • Source year 2019

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.

2019 filings • NTEE T20 • <$500k nonprofits • Source year 2019

Asset Growth

91st percentile

76%

Faster asset growth than 91% of similar nonprofits.

2019 filings • NTEE T20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

12%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • NTEE T20 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$182,541

Up $78,877 (+76%) from 2018

Net Assets

Up

$182,466

Up $78,852 (+76%) from 2018

Liabilities

Up

$75

Up $25 (+50%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin81st percentile

Revenue

Up

$114,204

Up $12,180 (+12%) from 2018

Expenses

Up

$35,352

Up $34,080 (+2679%) from 2018

Net Income

Down

$78,852

Down $21,900 (-22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2019

Assets$182,541
Liabilities$75
Net Assets$182,466
Open 2019 Filing

Operations Trend

Revenue Growth63rd 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

2019

Revenue$114,204
Expenses$35,352
Net Income$78,852
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2018 to Nov 30, 2019
Signed
Sep 29, 2020
Return Version
2018v3.2
Gross Receipts
$155,015
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.$30,654$30,654
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SALVATORE FERROPresident-$0--
SETH SELESNOWTreasurer-$0--
JOE HATZFELDBoard Member-$0--
DR HENRY SIKORSKIBoard Member-$0--
CHRISTOPHER FERROBoard Member-$0--
KRIS AMPLOBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$152,515$152,515$40,811$111,704
Total Events$152,515$152,515$40,811$111,704
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
2020-09-29
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, Part I, Line 10

“Cash contribution: 6,654 cash contribution: 19,000”

Form 990-ez, Part I, Line 16

“Expenses credit card fees 2,998 nys char 500 100 total 3,098”

Form 990-ez, Part II, Line 24

“Accounts receivable 3,500 12,500 total 3,500 12,500”

Form 990-ez, Part II, Line 26

“Nys filing fee payable 50 75”

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 Appendix161 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/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/BOYAmt0100164
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0170041
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt02500
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt078852
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01600
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0103664
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0182541
IRS990EZ/FundraisingGrossIncomeAmt0152515
IRS990EZ/GrantsAndSimilarAmountsPaidAmt030654
IRS990EZ/GrossReceiptsAmt0155015
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0103614
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0182466
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0103614
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0182466
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SALVATORE FERRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SETH SELESNOW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOE HATZFELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DR HENRY SIKORSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CHRISTOPHER FERRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KRIS AMPLO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03500
IRS990EZ/OtherAssetsTotalDetail/EOYAmt012500
IRS990EZ/OtherExpensesTotalAmt03098
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/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt030654
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt030654
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt040811
IRS990EZ/SpecialEventsNetIncomeLossAmt0111704
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt050
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt075
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt035352
IRS990EZ/TotalProgramServiceExpensesAmt030654
IRS990EZ/TotalRevenueAmt0114204
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0152515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0149315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0301830
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0309330
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0155015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0149315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/Total509Grp/TotalAmt0309330
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0155015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0149315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0309330
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040811
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0152515
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0152515
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0152515
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0152515
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0111704
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt040811
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt040811
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 6,654 CASH CONTRIBUTION: 19,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES CREDIT CARD FEES 2,998 NYS CHAR 500 100 TOTAL 3,098
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 3,500 12,500 TOTAL 3,500 12,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NYS FILING FEE PAYABLE 50 75
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, PART I, LINE 10
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE FERRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05162967777
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-29
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/AtSubmissionCreationDeviceId0B936E6FC817907B9382C00339D4C73600E585715
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CB8727777B9755541AD1CC46A31258243EB7FFFE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-10-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:30:42
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/PreparationDt02020-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY L NATHAN
ReturnHeader/ReturnTs02020-10-13T13:30:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-12-01
ReturnHeader/TaxPeriodEndDt02019-11-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$182,541
Liabilities
$75
Net assets
$182,466
Revenue
$114,204
Expenses
$35,352
Net income
$78,852
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