Mission
TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.
Public Charity
THE FERRO FOUNDATION INC
THE FERRO FOUNDATION INC is a Public Charity headquartered in COMMACK, NY. Financial data from the 2024 filing: $340K revenue, $393K expenses, $177K total assets. IRS filings disclose 5 grants awarded by this foundation, totaling roughly $145K.
EIN: 814817970
COMMACK, NY
Private Grantmaking Foundations
NTEE: T20
Latest filing: 2024
Total Revenue$340K
Total Expenses$393K
Total Assets$177K
Grants Given5
Grant Total$145K
Filing Years2019–2024
Where $100 goes at The Ferro Foundation Inc
How The Ferro Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$86
Programs
the work itself
$14
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $86 for programs
$86
To provide college scholarships to enroll freshman towards their pursuit of undergraduate degrees
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
COLONOSCOPY SUITE
$75,000
STUDENT SCHOLARSHIPS
$35,000
PUBLIC CHARITY
$15,000
PUBLIC CHARITY
$10,000
PUBLIC CHARITY
$10,000
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Christopher Ferro
BOARD MEMBER
Dr Henry Sikorski
BOARD MEMBER
Joe Hatzfeld
BOARD MEMBER
Kris Amplo
PRESIDENT
Salvatore Ferro
TREASURER
Seth Selesnow
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $340K | $393K | $177K |
| 2023 | $142K | $90K | $230K |
| 2022 | $99K | $114K | $178K |
| 2020 | $61K | $45K | $199K |
| 2019 | $114K | $35K | $183K |
Between 2019 and 2024, reported annual revenue grew from $114K to $340K (+197%), with total assets most recently reported at $177K.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NY.
NY
Full geographic grant map with state-by-state breakdown available with membership.