Overview
What is Ferre Institute Inc?
Ferre Institute Inc, established in 1974, is a nonprofit organization based in Binghamton, New York. With a mission to promote health and wellness, they employ an inclusive and community-focused approach. The organization provides evidence-based information and education on inherited risks, environmental exposures, and family history, integrating these aspects into personal health management. Their offerings include community lectures, educational resources, and several websites that allow public inquiries. The Genetic Counseling Program offers individual risk assessments, education, and interpretation of genetic test results in collaboration with referring physicians. In 2020, Ferre Institute was entrusted with managing a four-year project, known as NYMAC, to increase awareness and access to genetic services in ten jurisdictions, including eight states, the District of Columbia, and two U.S. territories. The project aims to enhance genetic services for underserved communities.
Official website here: www.ferre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating from Charity Navigator.
Ferre Institute Inc has earned a solid Three-Star rating, reflecting a commendable overall score of 81%. This rating is primarily derived from its Accountability & Finance metrics, showcasing the organization's commitment to transparency and effective financial management. The high score in this category indicates that the institute adheres to best practices in governance and financial oversight.
Strengths highlighted include the presence of a wholly independent board, with all members meeting the criteria for independence, and a robust audit and oversight committee. The organization also demonstrates strong compliance with policies such as conflict of interest and whistleblower protections. Additionally, an impressive program expense ratio of 91.86% indicates a significant portion of funds is directed towards its programs and services.
Despite the positive aspects, the rating is solely based on the Accountability & Finance category, suggesting that potential donors may want to explore other areas of impact and effectiveness outside of financial metrics. Overall, Ferre Institute Inc shows a responsible financial profile but may benefit from further transparency regarding its program outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ferre Institute Inc legitimate?
Ferre Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferre Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $67,924
Professional Fundraising Fees: $0
Other Salaries and Wages: $337,754
For more financial information, click here
Official website here: www.ferre.org
What is the mission statement of Ferre Institute Inc?
Ferre Institute Inc, a not-for-profit organization, is committed to promoting health and wellness through an inclusive and community-based approach. Established in 1974, the organization initially focused on providing training in medical genetics. The programs of Ferre Institute offer evidence-based information and education on inherited risks, environmental exposures, and family history, integrating these aspects into personal health management. This information is disseminated through community lectures, educational resources, and several websites, with the option for the public to seek additional information, referrals, and guidance via email. The Genetic Counseling Program at Ferre Institute provides individual risk assessments, education, and decisions about genetic testing, as well as explanations of genetic test results in collaboration with referring physicians. Trained genetic counselors are also available for consultation to physicians and other healthcare providers. In 2020, Ferre Institute was assigned to manage and coordinate a 4-year project, the NYMAC Regional Genetics Network, with the goal of increasing awareness and access to genetic services.
Official website here: www.ferre.org
Who is the CEO of Ferre Institute Inc?
James Terzian Md is the Executive Dir. of Ferre Institute Inc.
Official website here: www.ferre.org
What is the revenue of Ferre Institute Inc?
Ferre Institute Inc's revenue in 2022 was $1,218,855.
Official website here: www.ferre.org
Who are the executives of Ferre Institute Inc and what are their salaries?
The average compensation at Ferre Institute Inc during 2022 was $22,538. There are 18 employees and 7 volunteers at Ferre Institute Inc.
Here are 8 key members and their salaries:
- Compensation: $67,924
- Related: $0
- Other: $6,360
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- Other: $0
Official website here: www.ferre.org
Where can I find the form 990 for Ferre Institute Inc?
Ferre Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ferre.org
Learn more at the official website: www.ferre.org
Mission Statement of Ferre Institute Inc
Ferre Institute Inc, a not-for-profit organization established in 1974, is dedicated to promoting health and wellness within communities. It achieves this goal through an inclusive and community-focused approach. The organization's primary mission is to offer training in medical genetics and provide the public with evidence-based information regarding genetic risks, environmental exposures, and family history. Ferre Institute strives to integrate advancements in these areas into personal health management.
To accomplish this mission, Ferre Institute offers a range of educational resources and programs. These include community lectures, educational websites, and email services where the public can pose questions for further information, referrals, and guidance. The Genetic Counseling Program is another integral part of Ferre Institute's mission. This program provides individual risk assessments, education, and decision-making support for genetic testing. Trained genetic counselors collaborate with referring physicians to ensure comprehensive care for patients.
In 2020, Ferre Institute took on a new project to increase awareness and access to genetic services within the NYMAC (New York-Mid-Atlantic-Caribbean) region. This 4-year project, funded by the Genetic Services Branch in the HRSA Maternal and Child Health Bureau, aims to improve access to genetic services for underserved communities in ten jurisdictions. Ferre Institute is managing and coordinating this project, further solidifying its commitment to promoting health and wellness through genetic education and services.
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Impact
October, 2024
Ferre Institute Inc significantly enhances access to genetic services, particularly for underserved communities, through its pivotal role in the NYMAC (New York-Mid-Atlantic-Caribbean) Regional Genetics Network. This initiative aims to increase awareness and utilization of genetic counseling and testing, thereby addressing critical health disparities across ten jurisdictions, including eight states and two U.S. territories.
Founded in 1974, Ferre Institute employs a community-focused approach to promote health and wellness, emphasizing education about genetic risks, environmental factors, and family history. The organization offers a range of resources, including community lectures and interactive educational websites, which encourage public engagement and inquiries.
The Genetic Counseling Program provided by Ferre Institute offers tailored risk assessments and decision-making support, collaborating with healthcare providers to deliver comprehensive guidance. By enabling access to trained genetic counselors, Ferre Institute not only empowers individuals with vital information about inherited conditions but also fosters informed discussions around genetic testing and the implications of test results. This holistic approach ultimately serves to integrate genetic insights into personal health management, improving health outcomes for populations across its service area.
This information is meant to be a general summary of Ferre Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $451,041
- Gross Receipts: $1,218,855
Assets and Liabilities:
- Total Assets: $304,376
- Total Liabilities: $200,534
- Net Assets: $103,842
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client fees
Revenue
$171,479
Hospital Contracts
Revenue
$269,997
Program Income
Revenue
$9,565
Organization Details
Founding Year
1974
Phone
(607) 724-4308Principal Officer
James Terzian Md
Main Address
124 Front Street, Binghamton, NY, 13905
Website
www.ferre.orgNTEE Category
Code: E44Z - Health
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