Bain Foundation

EIN: 571060455 501(c)(3) Philanthropy & Grantmaking

Spartanburg, SC

Total Revenue
$6,767
Total Expenses
$11,283
Total Assets
$361,596
Net Assets
$361,596
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
SC
Phone
8645820138
Tax Period
2024-01-01 to 2024-12-31

Bain Foundation, founded in 1996, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $7K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11K exceeded revenue, resulting in a 67% operating deficit.

Mission

Charitable and philanthropic endeavors in support of and in conjunction with the Spartanburg county foundation.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $6,767
Other Revenue $0
TOTAL REVENUE $6,767

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,000
Other Expenses $5,283
TOTAL EXPENSES $11,283

Year-over-Year Comparison

2024 2023 Change
Revenue $6,767 $5,856 +0.2%
Expenses $11,283 $7,821 +0.4%
Net Income $-4,516 $-1,965 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE A BAIN CHAIRMAN & SECRETARY 1.0
Officer Director
$0 $0 $0
KITTLER ZIBART VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
NANCY B COTE PRESIDENT & TREASURER 1.0
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $6,767 $11,283 $361,596 $-4,516
2023 $5,856 $7,821 $338,267 $-1,965
2022 $5,264 $10,934 $307,015 $-5,670
2021 $40,859 $11,243 $361,343 $29,616
2020 $40,749 $9,078 $320,943 $31,671
2019 $279,870 $247,188 $289,272 $32,682
2018 $851 $26,488 $256,590 $-25,637
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