THE FERRARI FOUNDATION

EIN: 922206921 501(c)(3) Philanthropy & Grantmaking

Englewood Cliffs, NJ

Total Revenue
$28,474,982
Total Expenses
$1,531,258
Total Assets
$35,433,607
Net Assets
$35,222,945
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
DAVID WERTHEIM
Phone
2018162713
Tax Period
2025-01-01 to 2025-12-31

THE FERRARI FOUNDATION, founded in 2023, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $28.5M in total revenue in fiscal year 2025. Revenue surged 1451% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.9M, a strong 95% operating margin.

Mission

The Ferrari Foundation believes that education is the key to opportunity. Our primary mission is to help improve access to learning opportunities for children.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $27,843,262
Program Service Revenue $0
Investment Income $631,720
Other Revenue $0
TOTAL REVENUE $28,474,982

Expense Breakdown

Grants Paid $1,474,007
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,474,007
Other Expenses $57,251
TOTAL EXPENSES $1,531,258

Year-over-Year Comparison

2025 2024 Change
Revenue $28,474,982 $1,835,511 +14.5%
Expenses $1,531,258 $557,786 +1.7%
Net Income $26,943,724 $1,277,725 +20.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
8

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCA ZANETTI CHAIRMAN (Eff. 7/15/2025) 2.0
Director
$0 $0 $0
MATTEO TORRE CHAIRMAN (Thru 6/28/2025 2.0
Director
$0 $0 $0
MICHELE ANTONIAZZI BOARD MEMBER 0.5
Director
$0 $0 $0
CARLO DANEO BOARD MEMBER 0.25
Director
$0 $0 $0
GIANLUCA GUZZO BOARD MEMBER (Thru 7/28/2025) 1.0
Director
$0 $0 $0
VITTORIO GIMELLI BOARD MEMBER (Eff. 07/28/2025) 1.0
Director
$0 $0 $0
PATRICK GRANGER TREASURER 0.25
Officer
$0 $0 $0
DAVID WERTHEIM MANAGING DIRECTOR/SECRETARY 30.0
Officer
$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 $28,474,982 $1,531,258 $35,433,607 $26,943,724
2024 No data No data No data No data
2023 No data No data No data No data
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