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Ferren Memorial Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812646249 ✦ Burlington, MA ✦ Designated as a 501(c)(3)

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Overview

What is Ferren Memorial Inc?

Ferren Memorial Inc, located at 37 Lantern Lane, Burlington, MA 01803, is a nonprofit organization dedicated to raising funds for college and trade scholarships. They typically hold two annual events, including a golf tournament and a martini tasting event, to achieve their mission. The organization aims to support high school graduates and post-college graduates by awarding scholarships, thereby contributing to their educational pursuits.

Is Ferren Memorial Inc legitimate?

Ferren Memorial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferren Memorial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ferren Memorial Inc?

Ferren Memorial Inc, as an organization, is dedicated to raising funds for awarding both college scholarships and trade scholarships to high school graduates as well as post-college graduates. They accomplish this mission by hosting fundraising events annually. Two of their primary events include a golf tournament and a martini tasting event, aimed at gathering financial support for their scholarship program. The goal of Ferren Memorial Inc is to provide educational opportunities and financial assistance to individuals pursuing higher education or vocational training.

Who is the CEO of Ferren Memorial Inc?

John J Ferren is the N/A of Ferren Memorial Inc.

What is the revenue of Ferren Memorial Inc?

Ferren Memorial Inc's revenue in 2022 was $18,055.

Who are the executives of Ferren Memorial Inc and what are their salaries?

There 6 volunteers at Ferren Memorial Inc.


There is 1 key member and their salary:


Na (N/A)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ferren Memorial Inc?

Ferren Memorial Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ferren Memorial Inc

Ferren Memorial Inc, a nonprofit organization, is committed to raising funds with the primary objective of awarding scholarships to both high school graduates and post-college students. The organization's mission is twofold: it aims to provide financial assistance through college scholarships and trade scholarships, thereby enabling deserving individuals to pursue their higher education and vocational training. This philanthropic endeavor empowers young minds, promoting academic and professional growth within the community. Ferren Memorial Inc achieves its mission by organizing two major fundraising events annually. These events, such as a golf tournament and a martini tasting event, not only generate revenue for the scholarships but also engage the community in supporting the cause. The organization's dedication to education and career development serves as a testament to its commitment to nurturing the next generation of leaders.

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Impact




August, 2024

Ferren Memorial Inc's impact can be seen in the numerous college scholarships and trade scholarships it awards to high school graduates and post-college graduates. By organizing fundraising events like golf tournaments and martini tasting events, the organization raises vital funds to support educational pursuits for individuals in the community. Through their efforts, Ferren Memorial Inc is providing deserving individuals with the opportunity to further their education and achieve their academic goals.




This information is meant to be a general summary of Ferren Memorial 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.

Revenue
$18,055 (2022)
Expenses
$23,055 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $41,110

Assets and Liabilities:

  • Total Assets: $48,617
  • Total Liabilities: $0
  • Net Assets: $48,617

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Organization Details

Founding Year

2016

Principal Officer

John J Ferren

Main Address

37 LANTERN LANE, BURLINGTON, MA, 01803

NTEE Category

Code: B12 - Education

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