BAIN FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
BAIN FOUNDATION (EIN 46-4416064)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-16
IRS object ID
202522899349100712
Schema version
2024v5.0
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)
Return2025-10-16T12:08:12-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-10-16SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFF VINSONPreparerPersonNm
PTINP00638229PTIN
Phone8067950470PhoneNum
Preparation2025-10-16PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,126,317FMVAssetsEOYAmt
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$71,986InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$71,986InterestOnSavNetInvstIncmAmt
Other Income Rev And Expnss$2,623OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$214,609TotalRevAndExpnssAmt
Total Net Invst Incm$71,986TotalNetInvstIncmAmt
Taxes Rev And Expnss$800TaxesRevAndExpnssAmt
Taxes Net Invst Incm$800TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$800TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$800TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$140,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$140,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$140,800TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$800TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$140,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$73,809ExcessRevenueOverExpensesAmt
Net Investment Income$71,186NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$83,014SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$159,642SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$159,642SavAndTempCashInvstEOYFMVAmt
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$444,494OtherInvestmentsBOYAmt
Other Investments EOY$441,675OtherInvestmentsEOYAmt
Other Investments EOYFMV$441,675OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,052,508TotalAssetsBOYAmt
Total Assets EOY$1,126,317TotalAssetsEOYAmt
Total Assets EOYFMV$1,126,317TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,052,508NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,126,317NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,052,508TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,126,317TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,052,508TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,126,317TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,052,508TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$73,809ExcessRevenueOverExpensesAmt
Subtotal$1,126,317SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,126,317TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$989InvestmentIncomeExciseTaxAmt
Subtotal$989SubtotalAmt
Tax Based On Investment Income$989TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$800EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$800TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$21EsPenaltyAmt
Tax Due$210TaxDueAmt

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$111,327AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$447,247FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,083,574TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,083,574AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,254CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,067,320NetVlNoncharitableAssetsAmt
Minimum Investment Return$53,366MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$53,366MinimumInvestmentReturnAmt
Tax Based On Investment Income$989TaxBasedOnInvestmentIncomeAmt
Total Tax$989TotalTaxAmt
Distributable Before Adj$52,377DistributableBeforeAdjAmt
Distributable Before Ded$52,377DistributableBeforeDedAmt
Distributable As Adjusted$52,377DistributableAsAdjustedAmt

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$52,377DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,694ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,569ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$7,907ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$18,554ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$90,694ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$120,418TotalExcessDistributionCyovAmt
Qualifying Distributions$140,000QualifyingDistributionsAmt
Applied To Current Year$52,377AppliedToCurrentYearAmt
Remaining Distri From Corpus$87,623RemainingDistriFromCorpusAmt
Total Corpus$208,041TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,694ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$206,347ExcessDistriCyovToNextYrAmt
Excess From Year4$1,569ExcessFromYear4Amt
Excess From Year3$7,907ExcessFromYear3Amt
Excess From Year2$18,554ExcessFromYear2Amt
Excess From Year1$90,694ExcessFromYear1Amt
Excess From Current Year$87,623ExcessFromCurrentYearAmt

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$71,986RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFCG TRUST GROUPDesc
Related Or Exempt Function Incm$2,623RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$74,609RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$74,609TotalIncomeProducingActyAmt

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 (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
CCF OPCO INVESTMENTAT COST$145,833$145,833
SAINT SERVICES - FCG TRUST GROUP LTDAT COST$191,675$191,675
TMX - FINANCEAT COST$104,167$104,167

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFCG TRUST GROUPDesc
Revenue And Expenses Per Books$2,623RevenueAndExpensesPerBooksAmt

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$800Amt
Net Investment Income$800NetInvestmentIncomeAmt

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