Crain Family Foundation
- Assets
- $1.3m
- Revenue
- $57.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 38-3618818
Organization Overview
Crain Family Foundation is located in Detroit, MI. The organization was established in 2001. 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. Crain 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, Crain Family Foundation generated $57.3k 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 (3.4%) each year. All expenses for the organization totaled $96.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crain Family Foundation has awarded 31 individual grants totaling $211,550. 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 |
|---|---|---|---|
Alexandra Crain Armstrong President | 0 | $0 | |
Christopher T Crain Secretary | 0 | $0 | |
Keith E Crain Jr Treasurer | 0 | $0 | |
Keith E Crain Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,032 |
| Capital Gain Net Income | $26,032 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,342 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,667 |
| Contributions, gifts, grants paid | $79,500 |
| Total expenses and disbursements | $96,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,735 |
| 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 | $1,241,993 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,301,728 |
| 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, Crain Family Foundation has awarded $79,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CARE HOUSE OF OAKLAND COUNTY PURPOSE: UNRESTRICTED | $6,500 |
ANGEL HEART FARM PURPOSE: UNRESTRICTED | $2,000 |
DARTMOUTH COLLEGE PURPOSE: UNRESTRICTED | $2,500 |
FAITHFULLY RESTORED PURPOSE: UNRESTRICTED | $5,000 |
PATHWAYS PURPOSE: UNRESTRICTED | $2,500 |
SADDLE UP PURPOSE: UNRESTRICTED | $4,000 |