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Nonprofiteer
← FERRIS FOUNDATION

Form 990 for tax year 2024

Filed by FERRIS FOUNDATION.

Totals

Total revenue
$12,550,062
Total expenses
$11,429,785
Contributions and grants received
$5,793,762
Grants paid
$9,490,722
Program service revenue
$0
Investment income
$6,846,952
Other revenue
-$90,652
Total assets, end of year
$135,070,689
Total liabilities, end of year
$82,517
Net assets or fund balances, end of year
$134,988,172
Program services expenses (Part IX)
$11,090,722
Management and general expenses
$325,863
Fundraising expenses
$13,200
Program service expenses (Part III)
$11,090,722

Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SUSAN JONES

    BOARD MEMBER/PROFESSOR OF

    Total calculated
    $234,277
    From this org
    $0
    From related orgs
    $191,940
    Other
    $42,337
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,940 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $42,337 related
    Filer's total
    $0 + $234,277 related
  • MATTHEW BISSETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • PAUL DOYLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DENISE GRAVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DR JEAN K ELDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DR DANA KING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DR DAVID PILGRIM

    BOARD MEMBER/PROFESSOR OF

    Total calculated
    $285,087
    From this org
    $0
    From related orgs
    $235,159
    Other
    $49,928
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,159 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $49,928 related
    Filer's total
    $0 + $285,087 related
  • JENIFER CUTTER

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3
  • ARLEN-DEAN GADDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • GARY GRANGER

    BOARD MEMBER/PART-YEAR

    Total calculated
    $0
    Hours/week
    0.3
  • EMILY HANCOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • CHRISTINE VISNER

    BOARD MEMBER/PART-YEAR

    Total calculated
    $0
    Hours/week
    0.3
  • KURT HOFMAN

    BOARD MEMBER/PART-YEAR

    Total calculated
    $0
    Hours/week
    0.3
  • DR JOHN ENGELMAN II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • ANDREW KALINOWSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • RUSSELL VISNER

    BOARD MEMBER/PART-YEAR

    Total calculated
    $0
    Hours/week
    0.3
  • MATTHEW NAWROCKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DR THOMAS P SCHOLLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • RICHARD SHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • KEVIN SIMON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DR ALTON SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • HOWARD C STROSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • JEREMY AMSHEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • SARAH CHADWICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • SHANE NAPPER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DAVE NEITZER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • LAURIE PLACINCKI

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • MICHAEL J VAN DIEPENBOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • LINDA HOOK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DARIUS QUINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • JENNIFER WHEELER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • DR BILL PINK

    PRESIDENT, FERRIS STATE UN

    Total calculated
    $516,544
    From this org
    $0
    From related orgs
    $468,695
    Other
    $47,849
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,695 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $47,849 related
    Filer's total
    $0 + $516,544 related
  • AMANDA MATHESON

    TREASURER

    Total calculated
    $260,154
    From this org
    $0
    From related orgs
    $225,834
    Other
    $34,320
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,834 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,320 related
    Filer's total
    $0 + $260,154 related
  • JENNIFER TODD

    EXECUTIVE DIRECTOR

    Total calculated
    $145,126
    From this org
    $0
    From related orgs
    $143,876
    Other
    $1,250
    Hours/week
    20 + 40 related
  • KENNETH BAILEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • KATHY MULLINS

    EXECUTIVE BOARD/VP OF ADVA

    Total calculated
    $236,714
    From this org
    $0
    From related orgs
    $195,666
    Other
    $41,048
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $41,048 related
    Filer's total
    $0 + $236,714 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202601359349308350

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