BAIN FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: BAIN FOUNDATION (EIN 46-4416064)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-05-16
IRS object ID: 201621379349103557
Schema version: 2015v2.1
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
Form 990-PF
Legal Fees Schedule
Other Notes Loans Rcvbl Short Sch2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-16T15:49:39-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	751226156	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCMAHON VINSON BENNETT LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	7822 ORLANDO AVE	AddressLine1Txt
City	LUBBOCK	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	794231942	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	464416064	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BAIN FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BAIN	BusinessNameControlTxt
Phone	8067976500	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	16001 CR 1840	AddressLine1Txt
City	LUBBOCK	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79424	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	RAY MARK BAIN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8067976500	PhoneNum
Signature	2016-04-19	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JEFF VINSON	PreparerPersonNm
PTIN	P00638229	PTIN
Phone	8067950470	PhoneNum
Preparation	2016-04-20	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-12-15 16:53:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$985,546	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$48,750	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$48,750	InterestOnSavNetInvstIncmAmt
Total Rev And Expnss	$48,750	TotalRevAndExpnssAmt
Total Net Invst Incm	$48,750	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$760	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$760	LegalFeesNetInvstIncmAmt
Taxes Rev And Expnss	$807	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$807	TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$1,567	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,567	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$50,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$50,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$51,567	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,567	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$50,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$2,817	ExcessRevenueOverExpensesAmt
Net Investment Income	$47,183	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$13,363	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$10,546	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$10,546	SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl	$975,000	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$975,000	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$975,000	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$975,000	OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY	$988,363	TotalAssetsBOYAmt
Total Assets EOY	$985,546	TotalAssetsEOYAmt
Total Assets EOYFMV	$985,546	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Permanently Restricted BOY	$988,363	PermanentlyRestrictedBOYAmt
Permanently Restricted EOY	$985,546	PermanentlyRestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$988,363	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$985,546	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$988,363	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$985,546	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$988,363	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$2,817	ExcessRevenueOverExpensesAmt
Subtotal	$985,546	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$985,546	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$50,000	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$508,745	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.098281	DistributionYr1Rt
Total Distribution	0.098281	TotalDistributionRt
Average Distribution	0.098281	AverageDistributionRt
Net Vl Noncharitable Assets	$986,711	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$96,975	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$472	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$97,447	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$50,000	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$944	InvestmentIncomeExciseTaxAmt
Subtotal	$944	SubtotalAmt
Tax Based On Investment Income	$944	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$19	EsPenaltyAmt
Tax Due	$963	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	R MARK BAIN	IndividualWithBooksNm
Phone	8067976500	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	16001 CR 1840	AddressLine1Txt
City	LUBBOCK	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79424	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
RAY MARK BAIN
16001 CR 1840	LUBBOCK	TX	79424	PRESIDENT	1.00	$0	$0	$0
MICHAEL L BAIN
PO BOX 929	CANYON	TX	79015	MANAGER	1.00	$0	$0	$0
BARBARA J BAIN
1624 BUTLER DR	DIMMITT	TX	79027	MANAGER	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	TEXAS TECH UNIVERSITY FOUNDATION - SPC	Description1Txt
Expenses1	$25,000	Expenses1Amt
Description2	TEXAS TECH UNIVERSITY FOUNDATION - LEADERSHIP ACADEMY	Description2Txt
Expenses2	$10,000	Expenses2Amt
Description3	MARCH OF DIMES	Description3Txt
Expenses3	$5,000	Expenses3Amt
Description4	LAKERIDGE UNITED METHODIST CHURCH - LUBBOCK, TX	Description4Txt
Expenses4	$5,000	Expenses4Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$26,737	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$975,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,001,737	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$1,001,737	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$15,026	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$986,711	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$49,336	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$49,336	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$944	TaxBasedOnInvestmentIncomeAmt
Total Tax	$944	TotalTaxAmt
Distributable Before Adj	$48,392	DistributableBeforeAdjAmt
Distributable Before Ded	$48,392	DistributableBeforeDedAmt
Distributable As Adjusted	$48,392	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

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

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$48,392	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$25,330	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$25,330	TotalExcessDistributionCyovAmt
Qualifying Distributions	$50,000	QualifyingDistributionsAmt
Applied To Current Year	$48,392	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,608	RemainingDistriFromCorpusAmt
Total Corpus	$26,938	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$26,938	ExcessDistriCyovToNextYrAmt
Excess From Year1	$25,330	ExcessFromYear1Amt
Excess From Current Year	$1,608	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	MARK BAIN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	MARK BAIN	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	16001 CR 1840	AddressLine1Txt
City	LUBBOCK	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	79424	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8067976500	RecipientPhoneNum
Form And Info And Materials	PROPOSE IN LETTER FORMAT INCLUDING THE REQUESTED AMOUNT AND THE PURPOSE FOR FUNDING AND NONPROFIT STATUS	FormAndInfoAndMaterialsTxt
Submission Deadlines	BEFORE END OF APPLICABLE YEAR.	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
TEXAS TECH FOUNDATION - SPC
BOX 45025	LUBBOCK	TX	79409	NONE	PUBLIC CHARI	EDUCATION	$25,000
TEXAS TECH FOUNDATION - LEADERSHIP
BOX 45025	LUBBOCK	TX	79409	NONE	PUBLIC CHARI	EDUCATION	$10,000
MARCH OF DIMES
5219 CITY BANK PKWY 10	LUBBOCK	TX	79407	NONE	PUBLIC CHARI	SCIENTIFIC	$5,000
LAKERIDGE UNITED METHODIST CHURCH
4701 82ND ST	LUBBOCK	TX	79424	NONE	NONPROFIT	RELIGIOUS	$5,000
HILLSIDE CHRISTIAN CHURCH
6202 MILWAUKEE AVE	LUBBOCK	TX	79424	NONE	NONPROFIT	RELIGIOUS	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$50,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$48,750	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$48,750	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$48,750	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL & PROFESSIONAL	CategoryTxt
Legal Fees	$760	LegalFeesAmt
Net Investment Income	$760	NetInvestmentIncomeAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	FRONTIER CAPITAL GROUP LTD	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$975,000	BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	FEDERAL INCOME TAX	CategoryTxt
Amt	$807	Amt
Net Investment Income	$807	NetInvestmentIncomeAmt

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