Larry And Janet Crain Chairitable Foundation
- Assets
- $6.1m
- Revenue
- $239.1k
- Investments
- $3.2m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 81-0856599
Organization Overview
Larry And Janet Crain Chairitable Foundation is located in Little Rock, AR. The organization was established in 2017. 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. Larry And Janet Crain Chairitable 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, Larry And Janet Crain Chairitable Foundation generated $239.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $277.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Larry And Janet Crain Chairitable Foundation has awarded 43 individual grants totaling $891,026. 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 |
|---|---|---|---|
Charles Skip Davidson Chairman | 1 | $0 | |
Christian Crain Vice Chairma | 1 | $0 | |
Stuart Dalrymple Trustee | 1 | $0 | |
Carrington Crain Propes Trustee | 1 | $0 | |
Terry Parrot Trustee | 1 | $0 | |
Jim Hoyt Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $220,000 |
| Interest on Savings | $90,325 |
| Dividends & Interest | $57,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$128,498 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,549 |
| Contributions, gifts, grants paid | $265,000 |
| Total expenses and disbursements | $277,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,807 |
| Savings and temporary cash investments | $1,365,387 |
| 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 | $1,518,791 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,092,553 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $14,063 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,063 |
Grants Awarded
Over the last fiscal year, Larry And Janet Crain Chairitable Foundation has awarded $265,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JACOB'S PLACE HOMELESS MISSION PURPOSE: HOMELESS | $10,000 |
LITTLE ROCK CHRISTIAN ACADEMY PURPOSE: PRIMARY & SECONDARY EDUCATION | $10,000 |
POSITIVE ATMOSPHERE REACHES KIDS PURPOSE: YOUTH SUPPORT | $25,000 |
SUNSHINE SCHOOL PURPOSE: SPECIAL NEEDS CHILDREN | $10,000 |
HOPE COTTAGE PURPOSE: DOMESTIC VIOLENCE | $5,000 |
UNIVERSITY OF ARKANSAS MEDICAL PURPOSE: PROMOTE MEDICAL RESEARCH IN CANCER | $200,000 |