Nonprofit · EIN 75-2698267
CRAIN FOUNDATION
Tax-exempt · LONGVIEW, TX 75606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,639,201 | $3,031,346 | $607,855 | $32,203,724 | $130,957 | $32,072,767 |
| December 31, 2023 | 990-PF | $2,116,763 | $2,021,655 | $95,108 | $31,579,417 | $114,505 | $31,464,912 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $913,349
- Interest
- $54,628
- Net gain from sales of assets
- $2,268,328
- Other income
- $402,896
Expenses
- Grants and similar amounts paid
- $2,664,848
- Disbursements for charitable purposes
- $2,664,848
- Excise tax on investment income
- $46,401
Balance sheet and other
- Total assets, start of year
- $31,579,417
- Total assets, end of year
- $32,203,724
- Total liabilities, end of year
- $130,957
- Net assets, end of year
- $32,072,767
- Fair market value of assets
- $46,178,092
- Qualifying distributions
- $2,664,848
- Net investment income
- $3,657,653
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON OWENS 222 E TYLER STREET, LONGVIEW, TX 75601 | Controller | 1 | $0 |
| ROGERS L CRAIN 712 MAIN STREET SUITE 3400, HOUSTON, TX 77002 | VP/DIRECTOR | 1 | $0 |
| B WALTER CRAIN III 712 MAIN STREET SUITE 3400, HOUSTON, TX 77002 | VP/DIRECTOR | 1 | $0 |
| ANN LACY CRAIN II 712 MAIN STREET SUITE 3400, HOUSTON, TX 77002 | VP/DIRECTOR | 1 | $0 |
| DARREN GROCE 222 E TYLER STREET, LONGVIEW, TX 75601 | VP & SECRETARY | 1 | $0 |
| JIM DEBORAH 222 E TYLER STREET, LONGVIEW, TX 75601 | VP & TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON OWENS 222 E TYLER STREET, LONGVIEW, TX 75601 | Controller | 1 | $0 |
| ROGERS L CRAIN 712 MAIN STREET SUITE 3400, HOUSTON, TX 77002 | VP/DIRECTOR | 1 | $0 |
| B WALTER CRAIN III 712 MAIN STREET SUITE 3400, HOUSTON, TX 77002 | VP/DIRECTOR | 1 | $0 |
| ANN LACY CRAIN II 712 MAIN STREET SUITE 3400, HOUSTON, TX 77002 | VP/DIRECTOR | 1 | $0 |
| DARREN GROCE 222 E TYLER STREET, LONGVIEW, TX 75601 | VP & SECRETARY | 1 | $0 |
| JIM DEBORAH 222 E TYLER STREET, LONGVIEW, TX 75601 | VP & TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2146, LONGVIEW, TX 75606-2146
- In care of
- % ANN LACY CRAIN
- Signed the 990-PF
- JIM DEBORAH, CFO
- Phone
- (903) 758-8276
- Return prepared by
- HENRY & PETERS PC
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-2698267
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $32,203,724
- Income (IRS master file)
- $9,278,536
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,639,201 | $3,031,346 | $32,203,724 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,116,763 | $2,021,655 | $31,579,417 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 75-2698267).
Questions about CRAIN FOUNDATION
- What is the EIN of CRAIN FOUNDATION?
- The employer identification number (EIN) of CRAIN FOUNDATION is 75-2698267.
- Is CRAIN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to CRAIN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CRAIN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CRAIN FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CRAIN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CRAIN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does CRAIN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,639,201, expenses of $3,031,346 and total assets of $32,203,724 at year end.
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