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Nonprofiteer
← THE BAIR INVESTMENT CORPORATION

Form 990 for tax year 2023

Filed by THE BAIR INVESTMENT CORPORATION.

Totals

Total revenue
$772,214
Total expenses
$84,416
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$772,214
Other revenue
$0
Total assets, end of year
$20,231,123
Total liabilities, end of year
$10,459
Net assets or fund balances, end of year
$20,220,664
Program services expenses (Part IX)
$74,106
Management and general expenses
$10,310
Fundraising expenses
$0
Program service expenses (Part III)
$74,106

Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $477,079 · excluded $477,079

  • 7a · Gross sales of assets other than inventory

    securities $876,844

  • 7b · Less cost or other basis and sales expenses

    securities $581,709

  • 7c · Gain or loss

    securities $295,135

  • 7d · Net gain or loss

    total $295,135 · excluded $295,135

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 11f · Fees: investment management

    total $74,106 · program services $74,106

  • 11g · Fees: other

    total $6,810 · management and general $6,810

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $267,256 · end of year $202,585

  • 11 · Investments: publicly traded securities

    beginning of year $17,572,844 · end of year $20,028,538

  • 25 · Other liabilities

    beginning of year $9,455 · end of year $10,459

  • 28 · Net assets with donor restrictions

    beginning of year $17,830,645 · end of year $20,220,664

Mission and programs · 2023

Mission

TO MANAGE ENDOWMENT FUND TO ADVANCE, PROMOTE, AND SUPPORT THE EXEMPT PURPOSES OF THE BAIR FOUNDATION AND ITS AFFILIATED ORGANIZATIONS WHICH PROVIDE THERAPEUTIC FOSTER CARE SERVICES TO CHILDREN.

  • TO PROVIDE AN ENDOWMENT FUND TO ADVANCE, PROMOTE, AND SUPPORT THE EXEMPT PURPOSES OF THE BAIR FOUNDATION, THE BAIR FOUNDATION OF PENNSYLVANIA, THE BAIR FOUNDATION OF TEXAS, THE BAIR FOUNDATION OF VIRGINIA, AND THE BAIR FOUNDATION OF GEORGIA, ALL EXEMPT ORGANIZATIONS, WHICH PROVIDE THERAPEUTIC FOSTER CARE SERVICES TO CHILDREN.

    Expenses $74,106

As filed on the 2023 return.

Listed in Part VII

  • Jeffrey Carmichael

    BOARD MEMBER

    Total calculated
    $1,450
    From this org
    $500
    From related orgs
    $950
    Other
    $0
    Hours/week
    1 + 4 related

  • Sanford Kulkin

    BOARD MEMBER

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    1 + 5 related

  • Bradley Smith

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $500
    From related orgs
    $500
    Other
    $0
    Hours/week
    1 + 1 related

  • Hasheen Wilson

    BOARD MEMBER

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • James Sebastian

    CHAIRMAN

    Total calculated
    $1,000
    From this org
    $500
    From related orgs
    $500
    Other
    $0
    Hours/week
    1 + 2 related

  • Kimberly Thomas

    SECRETARY/TREASURER

    Total calculated
    $1,500
    From this org
    $500
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Glen Cochran

    BOARD MEMBER

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Susan J Miklos

    EXECUTIVE DIRECTOR OF MGMT

    Total calculated
    $320,427
    From this org
    $0
    From related orgs
    $301,997
    Other
    $18,430
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,997 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,239 related
    Nontaxable benefits
    $0 + $5,191 related
    Filer's total
    $0 + $320,427 related

  • Donna Egbert

    CHIEF FINANCIAL OFFICER

    Total calculated
    $148,732
    From this org
    $0
    From related orgs
    $131,489
    Other
    $17,243
    Hours/week
    1 + 37.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202521059349302302

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