Fain Family Foundation
- Assets
- $740.8k
- Revenue
- $24.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Prescott Valley, AZ
- Founding
- 01/2001
- Data as of
- 12/2021
- 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 12/2021, Fain Family Foundation generated $24.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.5% each year . All expenses for the organization totaled $48.5k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
2021
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 | $3 |
| Dividends & Interest | $5,693 |
| Net Rental Income | -$35,812 |
| Net Gain on Sale of Assets | $14,554 |
| Capital Gain Net Income | $14,554 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $12,677 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $803 |
| Depreciation | $17,325 |
| Occupancy | $8,330 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,590 |
| Total operating and administrative expenses | $48,474 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $48,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,152 |
| Savings and temporary cash investments | $290,052 |
| 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 | $414,588 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $740,792 |
| 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, AZ PURPOSE: DONATION | $5,000 |
Prescott, AZ PURPOSE: DONATION | $4,000 |
Prescott, AZ PURPOSE: DONATION | $2,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Days Of 47 Rodeo Salt Lake Salt Lake City, UT | $973,700 | $2,883,877 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Fox Family Foundation Denver, CO | $12,191,378 | $91,435 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |