Fain Family Foundation
- Assets
- $646.3k
- Revenue
- $15.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Prescott Valley, AZ
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 86-0974837
Organization Overview
Fain Family Foundation is located in Prescott Valley, AZ. The organization was established in 2001. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities 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 12/2023, Fain Family Foundation generated $15.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $75.3k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN A CHAPEL IN PRESCOTT VALLEY, AZ THAT IS OPEN TO THE PUBLIC.
CASH SUPPORT FOR LOCAL YAVAPAI COUNTY CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Fain Director | 5 | $0 | |
Sean Bradlee Fain Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77 |
| Dividends & Interest | $5,606 |
| Net Rental Income | -$35,891 |
| Net Gain on Sale of Assets | $787 |
| Capital Gain Net Income | $787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,447 |
| Total Revenue | $15,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $12,755 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $976 |
| Depreciation | $17,023 |
| Occupancy | $8,732 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,005 |
| Total operating and administrative expenses | $50,286 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $75,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,263 |
| Savings and temporary cash investments | $239,513 |
| 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 | $380,542 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $646,318 |
| 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 $18,850 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: DONATION | $7,000 |
PRESCOTT AREA SHELTER SERVICES PURPOSE: DONATION | $5,000 |
COALITION FOR COMPASSION AND JUSTICE PURPOSE: DONATION | $4,000 |
ANOTHER JOURNEY PURPOSE: DONATION | $2,850 |