Crain Foundation
- Assets
- $31.5m
- Revenue
- $1.4m
- Investments
- $30.6m
- Employees
- 0
- Location
- Longview, TX
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 75-2698267
Organization Overview
Crain Foundation is located in Longview, TX. The organization was established in 1997. 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. Crain 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, Crain Foundation generated $1.4m 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 (14.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Crain Foundation has awarded 1,299 individual grants totaling $18,409,145. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Gardner Controller | 1 | $0 | |
Rogers L Crain Vp/director | 1 | $0 | |
B Walter Crain III Vp/director | 1 | $0 | |
Ann Lacy Crain II Vp/director | 1 | $0 | |
Darren Groce VP & Secretary | 1 | $0 | |
Jim Deborah VP & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,494 |
| Dividends & Interest | $708,270 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $122,529 |
| Capital Gain Net Income | $118,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $568,203 |
| Total Revenue | $1,401,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,017 |
| Taxes | $58,813 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295,862 |
| Total operating and administrative expenses | $384,577 |
| Contributions, gifts, grants paid | $2,013,262 |
| Total expenses and disbursements | $2,397,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $714,464 |
| Net Accounts receivable | $18,706 |
| 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 | $37,442 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,654,405 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $133,725 |
| Total assets | $31,474,804 |
| 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 | $105,000 |
| Total liabilities | $105,000 |
Grants Awarded
Over the last fiscal year, Crain Foundation has awarded $2,013,262 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZING PLACE PURPOSE: GENERAL CONTRIBUTION | $2,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: MEDICAL RESEARCH | $10,000 |
ARTSVIEW CHILDREN'S THEATRE PURPOSE: FOR CHILDREN'S THEATER | $1,000 |
BOY SCOUTS OF AMERICA PURPOSE: CHILD ENRICHMENT | $2,000 |
BUFFALO BAYOU PARTNERSHIP PURPOSE: DEVELOPMENT OF BUFFALO BAYOU WATERFRONT | $3,000 |
CASA DE ESPERANZA DE LOS NINOS PURPOSE: GENERAL OPERATIONS | $1,000 |