BAIN FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BAIN FOUNDATION (EIN 46-4416064)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-10
IRS object ID
202403159349100900
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-10T10:54:43-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN751226156PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCMAHON VINSON HUBBARD & ARMSTRONG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17822 ORLANDO AVEAddressLine1Txt
CityLUBBOCKCityNm
State AbbreviationTXStateAbbreviationCd
ZIP794231942ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464416064EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BAIN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBAINBusinessNameControlTxt
Phone8067976500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line116001 CR 1840AddressLine1Txt
CityLUBBOCKCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79424ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAY MARK BAINPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8067976500PhoneNum
Signature2024-10-06SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF VINSONPreparerPersonNm
PTINP00638229PTIN
Phone8067950470PhoneNum
Preparation2024-11-07PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,052,508FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$140,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$58,708InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$58,708InterestOnSavNetInvstIncmAmt
Other Income Rev And Expnss-$361OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$198,347TotalRevAndExpnssAmt
Total Net Invst Incm$58,708TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$800LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$800LegalFeesNetInvstIncmAmt
Taxes Rev And Expnss$636TaxesRevAndExpnssAmt
Taxes Net Invst Incm$636TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,436TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,436TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$140,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$140,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$141,436TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,436TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$140,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$56,911ExcessRevenueOverExpensesAmt
Net Investment Income$57,272NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$20,597SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$83,014SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$83,014SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$525,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$525,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$525,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$525,000OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments BOY$450,000OtherInvestmentsBOYAmt
Other Investments EOY$444,494OtherInvestmentsEOYAmt
Other Investments EOYFMV$444,494OtherInvestmentsEOYFMVAmt
Total Assets BOY$995,597TotalAssetsBOYAmt
Total Assets EOY$1,052,508TotalAssetsEOYAmt
Total Assets EOYFMV$1,052,508TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$995,597NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,052,508NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$995,597TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,052,508TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$995,597TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,052,508TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$995,597TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$56,911ExcessRevenueOverExpensesAmt
Subtotal$1,052,508SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,052,508TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$796InvestmentIncomeExciseTaxAmt
Subtotal$796SubtotalAmt
Tax Based On Investment Income$796TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$788EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$788TotalPaymentsAndCreditsAmt
Tax Due$8TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksR MARK BAINIndividualWithBooksNm
Phone8067976500PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line116001 CR 1840AddressLine1Txt
CityLUBBOCKCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79424ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RAY MARK BAIN
16001 CR 1840LUBBOCKTX79424PRESIDENT000.00$0$0$0
MICHAEL L BAIN
PO BOX 929CANYONTX79015MANAGER000.00$0$0$0
BARBARA J BAIN
1624 BUTLER DRDIMMITTTX79027MANAGER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1WEST TEXAS A&M UNIVERSITY FOUNDATIONDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$525,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$45,050AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$447,247FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,017,297TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,017,297AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,259CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,002,038NetVlNoncharitableAssetsAmt
Minimum Investment Return$50,102MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$50,102MinimumInvestmentReturnAmt
Tax Based On Investment Income$796TaxBasedOnInvestmentIncomeAmt
Total Tax$796TotalTaxAmt
Distributable Before Adj$49,306DistributableBeforeAdjAmt
Distributable Before Ded$49,306DistributableBeforeDedAmt
Distributable As Adjusted$49,306DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$140,000ExpensesAndContributionsAmt
Qualifying Distributions$140,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$49,306DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,537ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,694ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,569ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$7,907ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$18,554ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$31,261TotalExcessDistributionCyovAmt
Qualifying Distributions$140,000QualifyingDistributionsAmt
Applied To Current Year$49,306AppliedToCurrentYearAmt
Remaining Distri From Corpus$90,694RemainingDistriFromCorpusAmt
Total Corpus$121,955TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,537ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$120,418ExcessDistriCyovToNextYrAmt
Excess From Year4$1,694ExcessFromYear4Amt
Excess From Year3$1,569ExcessFromYear3Amt
Excess From Year2$7,907ExcessFromYear2Amt
Excess From Year1$18,554ExcessFromYear1Amt
Excess From Current Year$90,694ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMARK BAINContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMARK BAINRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line116001 CR 1840AddressLine1Txt
CityLUBBOCKCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79424ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8067976500RecipientPhoneNum
Form And Info And MaterialsPROPOSE IN LETTER FORMAT INCLUDING THE REQUESTED AMOUNT AND THE PURPOSE FOR FUNDING AND NONPROFIT STATUSFormAndInfoAndMaterialsTxt
Submission DeadlinesBEFORE END OF APPLICABLE YEAR.SubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1WEST TEXAS A&M FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12403 RUSSELL LONG BLVDAddressLine1Txt
CityCANYONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79015ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusNONPROFITRecipientFoundationStatusTxt
Grant Or Contribution PurposeEDUCATIONGrantOrContributionPurposeTxt
Amt$140,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$140,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$58,708RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
FCG TRUST GROUP-$441
FCG TRUST GROUP - PY$80

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$58,347RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$58,347TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
CCF OPCO INVESTMENTAT COST$250,000$250,000
SAINT SERVICES - FCG TRUST GROUP LTDAT COST$194,494$194,494

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL & PROFESSIONALCategoryTxt
Legal Fees$800LegalFeesAmt
Net Investment Income$800NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
FCG TRUST GROUP-$441
FCG TRUST GROUP - PY$80

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1FRONTIER CAPITAL GROUP LTDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$525,000BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategoryTxt
Amt$636Amt
Net Investment Income$636NetInvestmentIncomeAmt

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