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Ferris Foundation

Public charity990-T FY2023
Other · BIG RAPIDS, MI · EIN 38-6115813

About

The foundation was established to advance the mission and goals of ferris state university by generating and managing private support for the university.

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
26

Financial Snapshot

FY ending 2023-06-30
Revenue
$8.4M
Expenses
$7.2M
Assets
$123.4M
Liabilities
$131K

Financial history

$23.1M$11.6M$0
1617181920212223
RevenueExpenses
Latest FY2023: $8.4M · Peak FY2016: $23.1M · Avg: $12.6M

Foreign activity (Schedule F)

Total spent abroad$14.0M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN——

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$6.6M
FERRIS FOUNDATION
Your actions

Address

420 OAK Street Prakken 101
Big Rapids, MI, 49307-200

Governance

Voting board members30
Independent members26
Conflict-of-interest policyYes
Whistleblower policyNo
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %19.2%
Permanent endowment %23.4%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.