Overview
The Fain Foundation, based in Wichita Falls, Texas, is a philanthropic organization with assets totaling approximately $8.3 million. The foundation's annual expenses are around $1.6 million, with a revenue of about $1.65 million. It focuses on funding initiatives in various areas including arts and culture, education, environment, philanthropy, human services, and youth development. The foundation supports projects primarily in Texas and Oklahoma, with funded cities including Wichita Falls, Austin, and Fort Worth, among others. The leadership team consists of Martha Fain as President, Treasurer, and Director, along with other directors such as Mac W Cannedy Jr, Dennis D Cannedy, Ann Kelly, and John M Kelly, each receiving a compensation of $24,000 for their roles.
Focus Areas
Geographic Focus
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Financials
in 2024, compared to $8,270,501 in 2023
82 grants awarded in 2024
Of total expenses go to programs
Grants
Amount | Recipient | Purpose | Location | Year | |
|---|---|---|---|---|---|
| $750,000 | YMCA | Capital Pledge | 1010 Ninth St Wichita Falls, TX US | 2022 | |
| $250,000 | Boys & Girls Clubs of Wichita Falls | Pledge - Capital Improvements | 1318 Sixth St Wichita Falls, TX US | 2024 | |
| $125,000 | Wichita Falls ISD | Pledge - Auditoriums | 1104 Broad St Wichita Falls, TX US | 2024 | |
| $100,000 | United Regional Foundation | H.O.P.E. Campaign | 1600 Eleventh Street Wichita Falls, TX US | 2023 | |
| $75,000 | Camp Fire North Texas | Operating Budget | 2414 Ninth St Wichita Falls, TX US | 2024 | |
| $62,500 | Wichita Falls ISD | Pledge | 1104 Broad St Wichita Falls, TX US | 2023 | |
| $62,500 | Wichita Falls ISD | Construction Costs | 1104 Broad St Wichita Falls, TX US | 2024 | |
| $50,000 | Art's Council Wichita Falls Area Kemp Center for the Arts | Capital Improvements | 1300 Lamar Street Wichita Falls, TX US | 2022 | |
| $50,000 | Art's Council Wichita Falls Area Kemp Center for the Arts | Operating Budget | 1300 Lamar Street Wichita Falls, TX US | 2024 | |
| $40,000 | Art's Council Wichita Falls Area Kemp Center for the Arts | Sculpture Garden | 1300 Lamar Street Wichita Falls, TX US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
MF Martha Fain | President, Treasurer & Director | $28,000 | 2022 |
MWCJ Mac W Cannedy Jr | Vice-President, Sec. & Director | $28,000 | 2022 |
DDC Dennis D Cannedy | Director | $28,000 | 2022 |
AK Ann Kelly | Director | $28,000 | 2022 |
JMK John M Kelly | Director | $28,000 | 2022 |
Martha Fain
President, Treasurer & Director
Mac W Cannedy Jr
Vice-President, Sec. & Director
Dennis D Cannedy
Director
Ann Kelly
Director
John M Kelly
Director
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on December 15, 2024