Bain Foundation
- Assets
- $995.6k
- Revenue
- $63.4k
- Investments
- $450.0k
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-4416064
Organization Overview
Bain Foundation is located in Lubbock, TX. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bain Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bain Foundation generated $63.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $51.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bain Foundation has awarded 21 individual grants totaling $150,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST TEXAS A&M UNIVERSITY FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Mark Bain President | 0 | $0 | |
Michael L Bain Manager | 0 | $0 | |
Barbara J Bain Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,018 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,400 |
| Total Revenue | $63,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,523 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $51,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,597 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $525,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $450,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $995,597 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bain Foundation has awarded $50,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WEST TEXAS A&M FOUNDATION PURPOSE: EDUCATION | $37,500 |
YWCA OF LUBBOCK PURPOSE: COMMUNITY SERVICE | $2,500 |
NEW LEGACY HOME FOR WOMEN PURPOSE: COMMUNITY SERVICE | $2,500 |
LUBBOCK HOPE LODGE PURPOSE: CANCER RESEARCH | $2,500 |
LUBBOCK IMPACT PURPOSE: COMMUNITY SERVICE | $2,500 |
MAK-A-WISH FOUNDATION PURPOSE: COMMUNITY SERVICE | $2,500 |