Ferroni Foundation Inc

Nonprofit profile at a glance

EIN
465292528
IRS 990-PF coverage
2016–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
Verdi, NV, USA
Phone
7758291833
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$1,871,288
Expenses
$113,716

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

What it reported funding in 2024

The foundation reported 7 grants totaling $62,078. The stated grant purposes included charitable-enhance the quality of life for children with cancer and their families by providing financial assistance and compassionate support programs while advocating for more research funds and raising public awareness, charitable - provide therapeutic horseback riding instruction to youth, the disabled, veterans and seniors., and charitable-provide scholarships for students with down syndrome attending post-secondary programs in the us., plus 4 other reported purposes.

Operating model

Revenue model
Donor-supported. 98% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 37
  • Cost Efficiency: 55
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 94

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 37.4%; rating input score 37; 5th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 54.6%; rating input score 55; 15th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 56.9; rating input score 94; 94th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 37.4% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 94th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Grant Deployment: Grant deployment ratio scored 37/100.
  • Review — Cost Efficiency: Grant expense ratio scored 55/100.