Civic Intelligence

Ferro Foundation Inc.

990EZ • Fiscal year 2021 • EIN 81-4817970

Dec 01, 2020 to Nov 30, 2021 • Filed on Sep 26, 2022

Organization ProfileN/A
10 Samara CourtCommack, NY 11725

(516) 296-7777

Siviq Scores

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

Liabilities / Assets

84th percentile

0.00x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • NTEE T20 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.00x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE T20 • <$500k nonprofits • Source year 2021

Net Margin

37th percentile

-5.7%

Higher net margin than 37% of similar nonprofits.

2021 filings • NTEE T20 • <$500k nonprofits • Source year 2021

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.

2021 filings • NTEE T20 • <$500k nonprofits • Source year 2021

Asset Growth

39th percentile

-2.8%

Faster asset growth than 39% of similar nonprofits.

2021 filings • NTEE T20 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

57%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • NTEE T20 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$193,176

Down $5,496 (-2.8%) from 2020

Net Assets

Down

$193,101

Down $5,496 (-2.8%) from 2020

Liabilities

Flat

$75

Flat from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin37th percentile

Revenue

Up

$96,345

Up $35,123 (+57%) from 2020

Expenses

Up

$101,841

Up $56,750 (+126%) from 2020

Net Income

Down

-$5,496

Down $21,627 (-134%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2021

Assets$193,176
Liabilities$75
Net Assets$193,101
Open 2021 Filing

Operations Trend

Revenue Growth65th 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

2021

Revenue$96,345
Expenses$101,841
Net Income-$5,496
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2020 to Nov 30, 2021
Signed
Sep 26, 2022
Return Version
2020v4.0
Gross Receipts
$143,310
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.$94,550$94,550
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$136,160$136,160$46,659$89,501
Total Events$136,160$136,160$46,659$89,501
Filing and Contact Details

Filer

Filer Name
The Ferro Foundation Inc
EIN
81-4817970
Phone
5162967777
Address
10 SAMARA COURT, COMMACK, NY 11725

Signing Officer

Name
Salvatore Ferro
Title
President
Phone
5162967777
Signed
2022-09-26
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: 40,000 cash contribution: 54,550”

Form 990-ez, Part I, Line 16

“Expenses credit card fees 2,838 nys char 500 75 insurance 1,340 telephone 78 office 1,110 total 5,441”

Form 990-ez, Part II, Line 24

“Accounts receivable 15,400 2,125 total 15,400 2,125”

Form 990-ez, Part II, Line 26

“Nys filing fee payable 75 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 Appendix175 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0SALVATORE FERRO
CompensationExplanation/CompensationExplanationGrp/PersonNm1SETH SELESNOW
CompensationExplanation/CompensationExplanationGrp/PersonNm2JOE HATZFELD
CompensationExplanation/CompensationExplanationGrp/PersonNm3DR HENRY SIKORSKI
CompensationExplanation/CompensationExplanationGrp/PersonNm4CHRISTOPHER FERRO
CompensationExplanation/CompensationExplanationGrp/PersonNm5KRIS AMPLO
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
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/BOYAmt0183272
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0191051
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-5496
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01850
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0198672
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0193176
IRS990EZ/FundraisingGrossIncomeAmt0138310
IRS990EZ/GrantsAndSimilarAmountsPaidAmt094550
IRS990EZ/GrossReceiptsAmt0143310
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0198597
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0193101
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0198597
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0193101
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/BOYAmt015400
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02125
IRS990EZ/OtherExpensesTotalAmt05441
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/GrantsAndAllocationsAmt094550
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt094550
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt046965
IRS990EZ/SpecialEventsNetIncomeLossAmt091345
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt075
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt075
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0101841
IRS990EZ/TotalProgramServiceExpensesAmt094550
IRS990EZ/TotalRevenueAmt096345
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt09162
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt021662
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0138310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt061200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0152515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0149315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0501340
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0523002
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0143310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt070362
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0155015
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0149315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/Total509Grp/TotalAmt0523002
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0143310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt070362
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0155015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0149315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0523002
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt046659
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0136160
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0136160
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0136160
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0136160
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt089501
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt046659
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt046659
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 40,000 CASH CONTRIBUTION: 54,550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES CREDIT CARD FEES 2,838 NYS CHAR 500 75 INSURANCE 1,340 TELEPHONE 78 OFFICE 1,110 TOTAL 5,441
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 15,400 2,125 TOTAL 15,400 2,125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NYS FILING FEE PAYABLE 75 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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SALVATORE FERRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05162967777
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FERRO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FERR
ReturnHeader/Filer/EIN0814817970
ReturnHeader/Filer/PhoneNum05162967777
ReturnHeader/Filer/USAddress/AddressLine1Txt010 SAMARA COURT
ReturnHeader/Filer/USAddress/CityNm0COMMACK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011725
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/PreparationDt02022-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY L NATHAN
ReturnHeader/ReturnTs02022-10-17T14:19:47-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SALVATORE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FERRO
ReturnHeader/TaxPeriodBeginDt02020-12-01
ReturnHeader/TaxPeriodEndDt02021-11-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$193,176
Liabilities
$75
Net assets
$193,101
Revenue
$96,345
Expenses
$101,841
Net income
-$5,496
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