BAIN FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
BAIN FOUNDATION (EIN 46-4416064)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-04-13
IRS object ID
201921039349100307
Schema version
2018v3.1
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)
Return2019-04-13T07:14:38-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-04-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF VINSONPreparerPersonNm
PTINP00638229PTIN
Phone8067950470PhoneNum
Preparation2019-04-10PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address12.176.53.146IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-04-13IPDt
IP Tm07:14:38IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdADE4F6F59C84A8FFBE0486692FE2EB00B64902D9AtSubmissionCreationDeviceId
At Submission Filing Device IdFD87CE0F7AF639F0B7A7AE50FF57CD26321AE5B6AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$986,287FMVAssetsEOYAmt
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$48,853InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$48,853InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$48,853TotalRevAndExpnssAmt
Total Net Invst Incm$48,853TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$650LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$650LegalFeesNetInvstIncmAmt
Taxes Rev And Expnss$973TaxesRevAndExpnssAmt
Taxes Net Invst Incm$973TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$25OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,648TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,648TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$51,648TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,648TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,795ExcessRevenueOverExpensesAmt
Net Investment Income$47,205NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$14,082SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,287SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,287SavAndTempCashInvstEOYFMVAmt
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$989,082TotalAssetsBOYAmt
Total Assets EOY$986,287TotalAssetsEOYAmt
Total Assets EOYFMV$986,287TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$989,082UnrestrictedBOYAmt
Unrestricted EOY$986,287UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$989,082TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$986,287TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$989,082TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$986,287TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$989,082TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,795ExcessRevenueOverExpensesAmt
Subtotal$986,287SubtotalAmt
Tot Net Ast Or Fund Balances EOY$986,287TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$50,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$979,089NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.051068DistributionYr1Rt
Adjusted Qlfy Distri Yr2$50,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$983,177NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.050856DistributionYr2Rt
Adjusted Qlfy Distri Yr3$50,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$986,711NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.050673DistributionYr3Rt
Adjusted Qlfy Distri Yr4$50,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$508,745NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.098281DistributionYr4Rt
Total Distribution0.250878TotalDistributionRt
Average Distribution0.062720AverageDistributionRt
Net Vl Noncharitable Assets$988,142NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$61,976AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$472NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$62,448AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$944InvestmentIncomeExciseTaxAmt
Subtotal$944SubtotalAmt
Tax Based On Investment Income$944TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$952EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$952TotalPaymentsAndCreditsAmt
Overpayment$8OverpaymentAmt
Applied To ES Tax$8AppliedToESTaxAmt

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$28,190AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,003,190TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,003,190AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,048CashDeemedCharitableAmt
Net Vl Noncharitable Assets$988,142NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,407MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,407MinimumInvestmentReturnAmt
Tax Based On Investment Income$944TaxBasedOnInvestmentIncomeAmt
Total Tax$944TotalTaxAmt
Distributable Before Adj$48,463DistributableBeforeAdjAmt
Distributable Before Ded$48,463DistributableBeforeDedAmt
Distributable As Adjusted$48,463DistributableAsAdjustedAmt

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$48,463DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$25,330ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,608ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,768ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,995ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$30,701TotalExcessDistributionCyovAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Current Year$48,463AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,537RemainingDistriFromCorpusAmt
Total Corpus$32,238TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$32,238ExcessDistriCyovToNextYrAmt
Excess From Year4$25,330ExcessFromYear4Amt
Excess From Year3$1,608ExcessFromYear3Amt
Excess From Year2$1,768ExcessFromYear2Amt
Excess From Year1$1,995ExcessFromYear1Amt
Excess From Current Year$1,537ExcessFromCurrentYearAmt

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$48,853RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$48,853RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$48,853TotalIncomeProducingActyAmt

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$650LegalFeesAmt
Net Investment Income$650NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$25$25

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$973Amt
Net Investment Income$973NetInvestmentIncomeAmt

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