Overview
What is Ferrari Owners Charitable Foundation?
The Ferrari Owners Charitable Foundation (FOCF) is a compassionate organization based in Kentfield, California. Established with a mission to make a difference, they celebrate their 11th anniversary annually by organizing a charity car rally. The event's operating expenses are covered by revenue generated, and the remaining proceeds are generously donated to a charity chosen by their board of directors. In 2022, they raised an impressive $300,000 and donated it to seven deserving charities, including Make-A-Wish, Bay Area Crisis Nursery, and Larkin Street Youth Services, among others. The FOCF's commitment to charity work is evident in its philanthropic efforts, which have been ongoing for at least eight years.
Official website here: www.fogcharity.org
Is Ferrari Owners Charitable Foundation legitimate?
Ferrari Owners Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferrari Owners Charitable Foundation 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.
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Official website here: www.fogcharity.org
What is the mission statement of Ferrari Owners Charitable Foundation?
The Ferrari Owners Charitable Foundation annually organizes a charity car rally. The operating expenses for this event are covered by the revenue generated, and the remaining proceeds are donated to a charity chosen annually by the board of directors. In 2022, the foundation raised and donated $300,000 to seven charitable organizations, including Make-A-Wish, Bay Area Crisis Nursery, and Larkin Street Youth Services, among others. The foundation is committed to making a difference through these charitable activities.
Official website here: www.fogcharity.org
What is the revenue of Ferrari Owners Charitable Foundation?
Ferrari Owners Charitable Foundation's revenue in 2023 was $188,017.
Official website here: www.fogcharity.org
Who are the executives of Ferrari Owners Charitable Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.fogcharity.org
Where can I find the form 990 for Ferrari Owners Charitable Foundation?
Ferrari Owners Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fogcharity.org
Learn more at the official website: www.fogcharity.org
Mission Statement of Ferrari Owners Charitable Foundation
The Ferrari Owners Charitable Foundation, a renowned organization, dedicates its annual activities to hosting a charity car rally. This event serves as a primary source of income, with operating expenses covered by the revenue generated. Notably, any surplus funds collected during the rally are meticulously allocated to a charitable cause, a decision made annually by the organization's Board of Directors. The foundation's commitment to charity was evident in its 2022 charity rally, which raised an impressive $300,000. These funds were subsequently donated to seven deserving charities, including Make-A-Wish (Greater Bay Area and Tri-Counties), Bay Area Crisis Nursery, East Palo Alto Kids Foundation, htm.elle, Larkin Street Youth Services, Project Night Night, and Side by Side. This philanthropic approach, characterized by its annual charity rally and charitable donations, underscores the Ferrari Owners Charitable Foundation's mission to make a meaningful difference in the lives of those in need.
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Impact
October, 2024
The Ferrari Owners Charitable Foundation (FOCF) has made a significant impact through its annual charity car rally, which raises substantial funds to support various charitable causes. In 2022, the organization celebrated its 11th anniversary and continued its tradition of philanthropy, raising $300,000 that was donated to seven impactful charities. These included Make-A-Wish (Greater Bay Area and Tri-Counties), Bay Area Crisis Nursery, East Palo Alto Kids Foundation, htm.elle, Larkin Street Youth Services, Project Night Night, and Side by Side.
This ongoing commitment to philanthropy, particularly its noteworthy partnership with Make-A-Wish for eight consecutive years, highlights the foundation's dedication to improving the lives of children and youth in need. The annual rally not only fosters a sense of community among Ferrari enthusiasts but also transforms passion for automobiles into meaningful contributions, demonstrating the power of collective effort in making a positive difference. Through its initiatives, FOCF has established itself as a compassionate force for good, creating lasting impacts on the lives of many less fortunate individuals and families.
This information is meant to be a general summary of Ferrari Owners Charitable Foundation. 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 2023.
- Investment Income: $93
- Gross Receipts: $548,508
Assets and Liabilities:
- Total Assets: $109,413
- Total Liabilities: $45
- Net Assets: $109,368
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Organization Details
Founding Year
2013
Principal Officer
Chris Dolan
Website
www.fogcharity.orgNTEE Category
Code: T50 - Philanthropy
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