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Nonprofit · EIN 75-6016679

FAIN FOUNDATION

Tax-exempt · WICHITA FALLS, TX 76301

Financials

$1.6M$1.6M2023$1.9M$2.5M2024$1.2M$1.7M2025
Revenue Expenses · by fiscal year end
Financials of FAIN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,219,167$1,661,286-$442,119$7,272,857$0$7,272,857
December 31, 2024990-PF$1,896,097$2,470,257-$574,160$7,718,695$2,659$7,716,036
December 31, 2023990-PF$1,646,486$1,627,405$19,081$8,303,599$14,017$8,289,582
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$303,487
Net gain from sales of assets
$909,306
Other income
$6,374

Expenses

Grants and similar amounts paid
$1,400,867
Compensation of officers, directors and key employees
$150,000
Disbursements for charitable purposes
$1,501,867
Excise tax on investment income
$14,811

Balance sheet and other

Total assets, start of year
$7,718,695
Total assets, end of year
$7,272,857
Total liabilities, end of year
$0
Net assets, end of year
$7,272,857
Fair market value of assets
$12,988,783
Qualifying distributions
$1,501,867
Net investment income
$1,219,167

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Martha Fain
807 8th Street 2nd Floor, Wichita Falls, TX 76301
President, Treasurer & Director2$30,000
Mac W Cannedy Jr
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Vice-President, Sec. & Director2$30,000
Dennis D Cannedy
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$30,000
Ann Kelly
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$30,000
John M Kelly
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$30,000
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
Martha Fain
807 8th Street 2nd Floor, Wichita Falls, TX 76301
President, Treasurer & Director2$24,000
Mac W Cannedy Jr
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Vice-President, Sec. & Director2$24,000
Dennis D Cannedy
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$24,000
Ann Kelly
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$24,000
John M Kelly
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$24,000
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Martha Fain
807 8th Street 2nd Floor, Wichita Falls, TX 76301
President, Treasurer & Director2$24,000
Mac W Cannedy Jr
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Vice-President, Sec. & Director2$24,000
Dennis D Cannedy
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$24,000
Ann Kelly
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$24,000
John M Kelly
807 8th Street 2nd Floor, Wichita Falls, TX 76301
Director2$24,000

Address and contacts

Address (IRS master file)
807 8TH STREET 2ND FLOOR, WICHITA FALLS, TX 76301-3381
Signed the 990-PF
Martha Fain, President
Phone
(940) 322-4436
Return prepared by
Freemon Shapard & Story

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
75-6016679
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1943
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$7,272,857
Income (IRS master file)
$4,594,973

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,219,167$1,661,286$7,272,857XML
990-PFDecember 2024$1,896,097$2,470,257$7,718,695XML
990-PFDecember 2023$1,646,486$1,627,405$8,303,599IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-6016679).

Questions about FAIN FOUNDATION

What is the EIN of FAIN FOUNDATION?
The employer identification number (EIN) of FAIN FOUNDATION is 75-6016679.
Is FAIN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
Are donations to FAIN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FAIN FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FAIN FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FAIN FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of FAIN FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $30,000 (Martha Fain, President, Treasurer & Director).
How much revenue does FAIN FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,219,167, expenses of $1,661,286 and total assets of $7,272,857 at year end.

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