Fain Family Foundation
- Assets
- $4.2m
- Revenue
- $2.8m
- Investments
- $4.0m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-3569866
Organization Overview
Fain Family Foundation is located in Coral Gables, FL. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fain 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, Fain Family Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fain Family Foundation has awarded 262 individual grants totaling $6,369,094. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GOODS TO UNDERPRIVILEGED CHILDREN
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Fain President & Treasurer | 1 | $0 | |
Colleen J Fain President/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,954,874 |
| Interest on Savings | $3,590 |
| Dividends & Interest | $35,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $775,548 |
| Capital Gain Net Income | $775,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,769,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,475 |
| Contributions, gifts, grants paid | $1,283,805 |
| Total expenses and disbursements | $1,314,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,098 |
| Savings and temporary cash investments | $47,979 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,165,340 |
| 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, Fain Family Foundation has awarded $1,283,805 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE MIAMI INC PURPOSE: GENERAL PURPOSE | $5,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL PURPOSE | $51,000 |
BASILICA ARTS PURPOSE: GENERAL PURPOSE | $2,500 |
CAMP CATANESE PURPOSE: GENERAL PURPOSE | $30,000 |
CONGREGATION BETH ISRAEL PURPOSE: GENERAL PURPOSE | $25,500 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL PURPOSE | $25,000 |