BAIN FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BAIN FOUNDATION (EIN 46-4416064)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-05-18
IRS object ID
202031399349100368
Schema version
2019v5.0
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)
Return2020-05-18T14:06:45-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN751226156PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCMAHON VINSON & HUBBARD 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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-05-07SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF VINSONPreparerPersonNm
PTINP00638229PTIN
Phone8067950470PhoneNum
Preparation2020-05-07PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address12.176.53.146IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-05-18IPDt
IP Tm14:06:45IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdADE4F6F59C84A8FFBE0486692FE2EB00B64902D9AtSubmissionCreationDeviceId
At Submission Filing Device Id382926FD15F77CB5640781C83DFBB5118582DC9CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$983,416FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$48,750InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$48,750InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$48,750TotalRevAndExpnssAmt
Total Net Invst Incm$48,750TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$675LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$675LegalFeesNetInvstIncmAmt
Taxes Rev And Expnss$946TaxesRevAndExpnssAmt
Taxes Net Invst Incm$946TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,621TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,621TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,621TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,621TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,871ExcessRevenueOverExpensesAmt
Net Investment Income$47,129NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$11,287SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,416SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,416SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$975,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$975,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$975,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$975,000OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$986,287TotalAssetsBOYAmt
Total Assets EOY$983,416TotalAssetsEOYAmt
Total Assets EOYFMV$983,416TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$986,287NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$983,416NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$986,287TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$983,416TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$986,287TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$983,416TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$986,287TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,871ExcessRevenueOverExpensesAmt
Subtotal$983,416SubtotalAmt
Tot Net Ast Or Fund Balances EOY$983,416TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$50,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$988,142NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.050600DistributionYr1Rt
Adjusted Qlfy Distri Yr2$50,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$979,089NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.051068DistributionYr2Rt
Adjusted Qlfy Distri Yr3$50,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$983,177NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.050856DistributionYr3Rt
Adjusted Qlfy Distri Yr4$50,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$986,711NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.050673DistributionYr4Rt
Adjusted Qlfy Distri Yr5$50,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$508,745NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.098281DistributionYr5Rt
Total Distribution0.301478TotalDistributionRt
Average Distribution0.060296AverageDistributionRt
Net Vl Noncharitable Assets$984,972NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$59,390AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$471NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$59,861AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$943InvestmentIncomeExciseTaxAmt
Subtotal$943SubtotalAmt
Tax Based On Investment Income$943TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$944EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$944TotalPaymentsAndCreditsAmt
Overpayment$1OverpaymentAmt
Applied To ES Tax$1AppliedToESTaxAmt

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$975,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,972AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$999,972TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$999,972AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,000CashDeemedCharitableAmt
Net Vl Noncharitable Assets$984,972NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,249MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,249MinimumInvestmentReturnAmt
Tax Based On Investment Income$943TaxBasedOnInvestmentIncomeAmt
Total Tax$943TotalTaxAmt
Distributable Before Adj$48,306DistributableBeforeAdjAmt
Distributable Before Ded$48,306DistributableBeforeDedAmt
Distributable As Adjusted$48,306DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$50,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$48,306DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$25,330ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,608ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,768ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,995ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,537ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$32,238TotalExcessDistributionCyovAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Current Year$48,306AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,694RemainingDistriFromCorpusAmt
Total Corpus$33,932TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$25,330ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$8,602ExcessDistriCyovToNextYrAmt
Excess From Year4$1,608ExcessFromYear4Amt
Excess From Year3$1,768ExcessFromYear3Amt
Excess From Year2$1,995ExcessFromYear2Amt
Excess From Year1$1,537ExcessFromYear1Amt
Excess From Current Year$1,694ExcessFromCurrentYearAmt

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$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$48,750RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$48,750RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$48,750TotalIncomeProducingActyAmt

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

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL & PROFESSIONALCategoryTxt
Legal Fees$675LegalFeesAmt
Net Investment Income$675NetInvestmentIncomeAmt

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$975,000BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategoryTxt
Amt$946Amt
Net Investment Income$946NetInvestmentIncomeAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.