Ferre Institute Inc

EIN: 161078686 501(c)(3) Health Care

Binghamton, NY

Total Revenue
$1,282,926
Total Expenses
$1,380,564
Total Assets
$566,179
Net Assets
$-52,590
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
James Terizan MD
Phone
6077244308
Tax Period
2023-07-01 to 2024-06-30

Ferre Institute Inc, founded in 1974, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

Ferre Institute, Inc. is a not-for-profit organization dedicated to promoting haelth and wellness using an inclusive and community-based approach. It was founded in 1974 to offer training in medical genetics. The programs of Ferre Institute, Inc. provide evidence-based information and education regarding inherited risk (genetics), environmental exposures, family history and aim to integrate advances in these areas into personal health management. Information is provided to the public through community lectures, educational resources, and several educational websites. Many of the websites invite the public to email questions to program staff for addditional information, referral and guidance. The Genetic Counseling Program provides individual risk assessment, education and decision making regarding genetic testing and genetic test result explanation in cooperation with referring physicians. Trained genetic counselors are availablle for consultation to physicians and other clinicians.

Program Service Accomplishments

Program 1
Expenses: $806,737 Revenue: $261,875

Program Services: In 2020, Ferre Institute, Inc. was asked to manage and coordinate a 4-Year Project to increase awareness and access to genetic services. This project is known as NYMAC (New York -...

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Program Services: In 2020, Ferre Institute, Inc. was asked to manage and coordinate a 4-Year Project to increase awareness and access to genetic services. This project is known as NYMAC (New York - Mid Atlantic - Caribbean) Regional Genetics Network is funded by the Genetic Services Branch in the Health Resources and Services Administration's HRSA Meternal and Child Heath Burea (HRSA-20-046). The NYMAC Region cnosists of ten (10) jurisdictions including eight (8) states, the District of Columbia (D.C.), and two (2) U.S. Territories (Delaware, The District of Columbia, Maryland, New Jersey, New York, Pennsylvania, Puerto Rico, Virginia, West Virginia, and the U.S. Virgin Islands.

Program 2
Expenses: $437,463 Revenue: $157,429

Genetics Counseling Program: This program provides a community based approach that aims to make genetic risk assessment and genetic counseling to underserved communitites.

Program 3
Expenses: $0 Revenue: $0

Other Programs: An educational website is available to provide information for professionals and the public about the causes, medical evalutation and treatment options for individuals and couples...

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Other Programs: An educational website is available to provide information for professionals and the public about the causes, medical evalutation and treatment options for individuals and couples facing infertility.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $863,622
Program Service Revenue $419,285
Investment Income $19
Other Revenue $0
TOTAL REVENUE $1,282,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $466,649
Fundraising Expenses $0
Program Expenses $1,244,200
Other Expenses $913,915
TOTAL EXPENSES $1,380,564

Year-over-Year Comparison

2023 2022 Change
Revenue $1,282,926 $1,235,446 +0.0%
Expenses $1,380,564 $1,294,240 +0.1%
Net Income $-97,638 $-58,794 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
15
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
9
$75,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luba Djurdjinovic MS Executive Director 50.00
Director
$75,850 $0 $75,850
Thomas L Goodman MD Medical Director 2.00
Director
$0 $0 $0
Edward M Kloza MS CGC Vice President 2.00
Officer Director
$0 $0 $0
Dennis A First Treasurer 2.00
Officer Director
$0 $0 $0
Diane Faubion Director 2.00
Director
$0 $0 $0
Donald J Sommerville BA MBA Director 2.00
Director
$0 $0 $0
Erin Houghton MS CGC Director 2.00
Director
$0 $0 $0
Jane Greenlaw BSN MS JD Secretary 2.00
Officer Director
$0 $0 $0
James Terzian MD FCAP President 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,282,926 $1,380,564 $566,179 $-97,638
2023 $1,235,446 $1,296,797 $488,727 $-61,351
2022 $1,218,855 $1,175,361 $304,376 $43,494
2021 $1,138,621 $1,002,486 $393,574 $136,135
2020 $470,871 $479,938 $120,845 $-9,067
2019 $438,938 $431,678 $97,789 $7,260
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