The Mains Family Foundation
- Assets
- $71.1k
- Revenue
- $1.8k
- Investments
- $67.2k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 09/1987
- Data as of
- 12/2022
- EIN
- 34-1536123
Organization Overview
The Mains Family Foundation is located in Canton, OH. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mains Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mains Family Foundation generated $1.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mains President | 0.5 | $0 | |
Rk Mains Trustee | 0.5 | $0 | |
Dl Mains Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $82 |
| Dividends & Interest | $1,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69 |
| Capital Gain Net Income | $69 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114 |
| Total operating and administrative expenses | $2,811 |
| Contributions, gifts, grants paid | $6,264 |
| Total expenses and disbursements | $9,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,918 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $67,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $71,123 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Mains Family Foundation has awarded $6,264 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST PRESBYTERIAN CHURCH PURPOSE: FOOD BANK | $3,132 |
STARK COUNTY HUMANE SOCIETY PURPOSE: UNRESTRICTED | $3,132 |