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

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO ENROLL FRESHMAN TOWARDS THEIR PURSUIT OF UNDERGRADUATE DEGREES. TO PROVIDE SUPPORT FOR THE LOCAL COMMUNITY.

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

COLONOSCOPY SUITE
$75,000 1 grant
PUBLIC CHARITY
$35,000 3 grants
STUDENT SCHOLARSHIPS
$35,000 1 grant

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.

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