Overview
What is The Ferro Foundation Inc?
The Ferro Foundation Inc is a dedicated nonprofit organization, situated within the community, committed to supporting both education and local development. Their primary mission involves offering college scholarships to freshman students, enabling them to embark on their undergraduate studies. Additionally, the foundation contributes to the community by providing various forms of support.
Is The Ferro Foundation Inc legitimate?
The Ferro Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ferro Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of The Ferro Foundation Inc?
The Ferro Foundation Inc's mission is centered around two main objectives. Firstly, it aims to offer college scholarships to freshman students, enabling them to commence their undergraduate studies. Secondly, the foundation is committed to supporting its local community. This support extends beyond just scholarship programs, as the foundation also works towards improving the local community's wellbeing.
Who is the CEO of The Ferro Foundation Inc?
Salvatore Ferro is the President of The Ferro Foundation Inc.
What is the revenue of The Ferro Foundation Inc?
The Ferro Foundation Inc's revenue in 2022 was $99,153.
Who are the executives of The Ferro Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for The Ferro Foundation Inc?
The Ferro Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Ferro Foundation Inc
The Ferro Foundation Inc is committed to supporting both education and the local community. At its core, the foundation provides college scholarships to freshman students, enabling them to pursue undergraduate degrees. Beyond academic support, The Ferro Foundation Inc also extends its reach to the local community by offering assistance in various capacities. By offering college scholarships and supporting the community, The Ferro Foundation Inc aims to empower individuals and contribute positively to its surrounding area.
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Impact
October, 2024
The Ferro Foundation Inc significantly impacts its community and aspiring college students by providing vital college scholarships for incoming freshmen pursuing undergraduate degrees. This financial support not only alleviates the burden of tuition costs but also encourages higher education among local youth, fostering a culture of academic achievement and personal growth. In addition to its educational initiatives, the foundation actively supports its local community, contributing to programs and resources that enhance the overall well-being and development of residents. Through its mission, The Ferro Foundation Inc promotes philanthropy, empowering individuals to pursue their dreams while strengthening community ties in Commack, NY.
This information is meant to be a general summary of The Ferro Foundation 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.
- Gross Receipts: $165,767
Assets and Liabilities:
- Total Assets: $178,035
- Total Liabilities: $75
- Net Assets: $177,960
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Organization Details
Phone
(516) 287-4789Principal Officer
Salvatore Ferro
Main Address
10 SAMARA COURT, COMMACK, NY, 11725
NTEE Category
Code: T20 - Philanthropy
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