2021-05-26T10:56:29-07:00 2020-12-31 990 2020-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 3312 Andrews Highway Midland TX 79703 Guy McCrary President and CEO 4326173213 2021-05-15 1 11 1 AAL2 2020 2022-09-23 18:48:47Z Guy McCrary 3312 Andrews Highway Midland TX 79703 105004129 0 X www.pbaf.org X 1989 TX Permian Basin Area Foundation facilitates the creation of permanent charitable funds in partnership with many donors, and provides grants to address community needs and enrich the quality of life in the Permian Basin. 12 12 11 83 0 0 11151764 11556513 0 0 17634257 6996162 2006470 863264 30792491 19415939 10619888 8829351 0 0 1185534 1316291 0 0 188403 2183261 1701411 13988683 11847053 16803808 7568886 221436746 240590757 8474558 8019489 212962188 232571268 Permian Basin Area Foundation facilitates the creation of permanent charitable funds in partnership with many donors, and provides grants to address community needs and enrich the quality of life in the Permian Basin. 0 0 9153951 8829351 0 Community capacity building programs: 564 grants to various non-profit organizations and 293 individuals awarded scholarships; based on approved grant and scholarship applications. 36906 0 0 Community education includes general outreach to advance the mission of the Foundation and philanthropy in West Texas. Such activities include providing advice to nonprofits on best management practices and capacity building, making reports to nonprofit boards about endowments, and conducting educational events for nonprofits. During 2020 the Foundation conducted 16 education meetings and/or events with nonprofits. 0 0 0 9190857 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 12 0 1 11 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X Cyndi Vara 4326173213 3312 Andrews Highway Midland TX 79703 Guy McCrary President and CEO 40 2 X 251771 0 26447 Cyndi Vara Chief Financial Officer 40 0 X 166548 0 41197 Aaron Bedell Chief Operating Officer 40 0 X 88501 0 13536 Mara Barham Chair 1 0 X X 0 0 0 Todd Meade Vice Chair 1 0 X X 0 0 0 Cal Hendrick Past Chair 1 0 X X 0 0 0 Bryan Heflin Secretary/Treasurer 1 0 X X 0 0 0 G Larry Lawrence Director 1 0 X 0 0 0 Jerry Morales Director 1 0 X 0 0 0 Carolyn Stone Director 1 0 X 0 0 0 Andrew Semer Director 1 0 X 0 0 0 Steve Barron Director 1 0 X 0 0 0 Wesley Bownds Director 1 0 X 0 0 0 R Alan Hale Director 1 0 X 0 0 0 Ann Quaid Director 1 0 X 0 0 0 506820 0 81180 3 0 1 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 590469 UBS Financial Services Inc 1700 West Wall Street Midland TX 79701 Investment Consultant and Management Services 218058 Mason Investment Advisory Services 11130 Sunrise Valley Drive Suite 2 Reston VA 20191 Investment Consultant and Management Services 121490 3 0 0 0 498755 0 11057758 3219368 11556513 0 4253649 0 0 4253649 0 0 0 0 796990 0 0 796990 0 0 88330703 0 85584098 4092 2746605 -4092 2742513 0 0 2742513 0 Other Income 900099 1657 0 0 1657 Administrative fees on non-endowed endowments 900099 64617 0 0 64617 0 0 0 0 66274 19415939 0 0 7859426 8368676 8368676 460675 460675 588000 62313 508063 17624 550455 161302 388784 369 49690 15539 34030 121 57516 15088 41098 1330 70630 14966 54681 983 8128 341 7753 34 38134 38134 995714 995714 18352 18352 10408 3870 1221 5317 24789 4128 20248 413 131859 34441 95161 2257 43932 8634 34434 864 8911 1030 7398 483 153644 30729 119842 3073 172040 7231 29268 135541 Ad Valorem Mineral Taxes 51335 0 51335 0 Dues and Memberships 8194 1268 4809 2117 Event Sponsorships 16868 306 0 16562 19103 320 17468 1315 11847053 9190857 2467793 188403 342837 359442 4207225 11035430 0 0 0 0 0 0 0 0 0 0 0 0 30692 15206 4795207 457010 4457111 4338197 195360692 208948002 0 0 0 0 0 0 17038189 15894480 221436746 240590757 65417 0 1086225 406000 0 0 0 0 0 0 0 0 0 0 0 0 7322916 7613489 8474558 8019489 X 10931374 10945803 202030814 221625465 212962188 232571268 221436746 240590757 X 7568886 14657581 0 0 0 -2617387 X 1 1 X 1 0 X 4464642 9972107 10335091 11151764 11556513 47480117 0 0 0 0 0 0 0 0 0 0 0 0 4464642 9972107 10335091 11151764 11556513 47480117 9513938 37966179 6259004 6648153 10275587 7456290 5050639 35689673 0 0 0 0 0 0 18074 19404 2188 90769 66275 196710 83366500 0 0.45541 0.35799 X Schedule A, Part II, Line 10 other income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11847053 11847053 742353 185588 0 0 0 629429 849434 742353 2221216 3331824 0 11688 0 0 11688 0 157357 212359 185588 555304 832956 0 7126 0 0 7126 78 83 4180252 2492611 3515120 904329 42442417 29161626 1 1 184459807 1079255 18730888 5082142 0 1734536 197453272 149783696 15123129 29843422 8758672 0 1531768 184459807 141765436 22941687 -9012610 4597698 0 1313119 149783696 105268347 29494041 12879434 4941092 0 935294 141765436 100587542 3764712 7488528 5770106 0 802329 105268347 0.95976 0.00027 0.03997 0 0 0 302813 302813 0 3783712 251731 3531981 0 0 0 0 0 708682 205279 503403 0 0 0 0 4338197 Beneficial Interest in Royalty Trust 3604527 Beneficial Interest in Lead Trust 1007043 Beneficial Interest in Remainder Trust 1679623 Beneficial Interest in Perpetual Trust 53519 Oil and Gas Mineral Interests 7589100 Cash Surrender Value of Life Insurance 359577 Bequest Receivable 1601091 15894480 Agency Transactions Payable 42500 Refundable Advance 300000 Amounts Held for Agencies 7270989 7613489 X Schedule D, Part V, Line 4 The organization's endowment funds are used to provide grants and scholarships to address changing community needs and enrich the quality of life in the Permian Basin. Schedule D, Part X, Line 2 The Foundation is exempt from federal income tax under section 501(a) as a Foundation described in section 501(c)(3) of the Internal Revenue Code (the Code), and has been determined not to be a private foundation under section 509(a) of the Code. As a result, income taxes are not included in the Foundation's consolidated financial statements. The Foundation complies with FASB ASC Topic 740, Accounting for Uncertainty in Income Taxes (Topic 740), which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the Foundation's tax positions and concluded that the Foundation has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. With few exceptions, the Foundation is no longer subject to income tax examinations by the U.S. federal tax authorities for years ending before December 31, 2017. 1 Addys Hope Adoption Agency PO Box 9161 Midland TX 79708 201760379 501c3 10000 0 human services African Childrens Schools 1400 Fieldspring Drive Bakersfield CA 93311 811490071 501c3 90000 0 human services Agape Counseling Services 3500 North A Street Suite 2400 Midland TX 79705 452450285 501c3 40000 0 health Alamo Heights Baptist Church 1305 N Midland Drive Midland TX 79703 751888207 501c3 8813 0 religion Alpine Christian School 1901 Loop Drive Alpine TX 79830 113763276 501c3 60000 0 educational American Red Cross Permian Basin Area Chapter PO Box 60310 Midland TX 79711 530196605 501c3 60000 0 human services Andrews Food Pantry PO Box 2023 Andrews TX 79714 752629930 501c3 12500 0 human services Aphasia Center of West Texas 5214 Thomason Drive Midland TX 79703 020618732 501c3 32400 0 disease disorder Arise Africa Inc 1628 Fairmount Avenue Fort Worth TX 76104 272014915 501c3 10000 0 international Ballroom Marfa PO Box 1661 Marfa TX 79843 200126402 501c3 10000 0 arts and culture Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501c3 73009 0 aging services Basin Dream Center for Orphans PO Box 52473 Midland TX 79701 820927815 501c3 15000 0 human services Basin PBS PO Box 8940 Midland TX 79708 203221344 501c3 22800 0 educational Big Bend Conservancy PO Box 200 Big Bend National Park TX 79834 752670331 501c3 50000 0 enviromental Big Brothers Big Sisters of the Permian Basin 714 W Louisiana Midland TX 79701 751791035 501c3 5472 0 youth development Billy Graham Evangelistic Association 1 Billy Graham Parkway Charlotte NC 28201 410692230 501c3 11457 0 religion Boys and Girls Club of Midland 1321 S Goode Street Midland TX 79701 751214505 501c3 33200 0 youth development Boys and Girls Club of Odessa 800 E 13th Street Odessa TX 79761 750990952 501c3 84000 0 youth development Breaking Bread Kitchen PO Box 9402 Midland TX 79708 752758174 501c3 20332 0 human services Bridges for PeaceBFP International PO Box 410037 Melbourne FL 32941 753077433 501c3 19388 0 faith based ministries Brite Divinity School TCU Box 298130 Fort Worth TX 76129 237121060 501c3 14043 0 educational Buckner Children and Family Services 425 W Pecan Midland TX 79705 752571395 501c3 138325 0 youth development Buffalo Trail Council BSA 1101 West Texas Avenue Midland TX 79701 750800616 501c3 117719 0 youth development Bush Tennis Center 5700 Briarwood Avenue Midland TX 79707 261105431 501c3 188700 0 health Bynum School PO Box 80175 Midland TX 79708 751932925 501c3 95276 0 educational Casa de Amigos 1101 E Garden Lane Midland TX 79701 751240087 501c3 31927 0 human services Catholic Charities Community Services of Odessa 2500 Andrews Highway Odessa TX 79761 752233859 501c3 49417 0 human services CBM Ministries of the Great Southwest PO Box 1058 Edmond OK 73083 731492684 501c3 7932 0 faith based ministries Centers for Children and Families 3701 Andrews Highway Midland TX 79703 751005357 501c3 147500 0 mental health Childfund International PO Box 26511 Richmond VA 23286 540536100 501c3 20000 0 youth development Chinati Foundation PO Box 1135 Marfa TX 79843 742340423 501c3 77500 0 arts and culture Christchurch School 49 Seahorse Lane Christchurch VA 23031 510236362 501c3 10000 0 educational Christmas in Action of Midland PO Box 3744 Midland TX 79702 751731319 501c3 78163 0 housing shelter City of Marfa PO Box 787 Marfa TX 79843 746001687 Govt 20000 0 health City of Midland PO Box 1152 Midland TX 79702 756000608 Govt 35702 0 community development COM Aquatics 3003 North A Street Midland TX 79705 751254435 501c3 17570 0 human services Communities In Schools of the Permian Basin PO Box 10532 Midland TX 79702 752821486 501c3 290000 0 educational Community Childrens Clinic PO Box 3328 Midland TX 79702 751875246 501c3 7810 0 health Crockett County Fire EMS PO Box 577 Ozona TX 76943 756000895 Govt 7000 0 health Dawson County Senior Center PO Box 241 Lamesa TX 79331 751363936 501c3 10000 0 aging services Education Partnership of the Permian Basin 4400 Parks Legado Road Odessa TX 79765 824132928 501c3 50000 0 educational Evergreen Cemetery Association PO Box 224 Stanton TX 79782 751592717 501c3 52376 0 human services Family Promise of Midland 3500 North A Street Suite 1400 Midland TX 79705 271003573 501c3 259143 0 housing shelter Family Promise of Odessa PO Box 12781 Odessa TX 79762 261828381 501c3 30000 0 housing shelter First Baptist Church of Lamesa PO Box 399 Lamesa TX 79331 751055222 church 10000 0 religion First Christian Church 1301 W Louisiana Avenue Midland TX 79701 750959993 501c3 9043 0 religion First Presbyterian Church 800 W Texas Midland TX 79701 750983832 501c3 32394 0 religion First United Methodist Church Fort Worth 800 West Fifth Street Fort Worth TX 76102 750800645 501c3 15000 0 religion First United Methodist Church Midland 300 N Main Street Midland TX 79701 750808826 501c3 35000 0 religion Food Pantry of Alpine PO Box 1366 Alpine TX 79831 270571881 501c3 100000 0 human services Food Pantry of Jeff Davis PO Box 244 Fort Davis TX 79734 752875263 501c3 10000 0 human services Fort Davis Higher Education Foundation PO Box 335 Fort Davis TX 79734 061653768 501c3 35000 0 educational Fort Griffin Fandangle Association PO Box 2017 Albany TX 76430 750844938 501c3 10000 0 educational Girl Scouts of the Desert Southwest 9700 Girl Scout Way El Paso TX 79924 741189693 501c3 112806 0 arts and culture Grady ISD 3500 FM 829 Lenorah TX 79749 756004076 Govt 20000 0 educational Grand Companions Humane Society PO Box 1156 Fort Davis TX 79734 820586174 501c3 25300 0 animal services High Sky Childrens Ranch 8613 W County Rd 60 Midland TX 79707 751155049 501c3 265000 0 human services High Sky Wing of CAF PO Box 61064 Midland TX 79711 472007563 501c3 20000 0 arts and culture Hillcrest School 2800 North A Street Midland TX 79705 752468032 501c3 41536 0 educational Hispanic Cultural Center of Midland PO Box 51404 Midland TX 79710 752721254 501c3 20000 0 arts and culture Holy Trinity Episcopal Church 1412 W Illinois Midland TX 79701 751256947 church 50500 0 religion HumanitiesTexas 1410 Rio Grande Street Austin TX 78701 751493438 501c3 25000 0 arts and culture Jesus House Women and Childrens Center 1335 E 8th Street Odessa TX 79761 263203843 501c3 49000 0 human services Junior Achievement of the Permian Basin 306 W Wall Suite 827 Midland TX 79701 750944915 501c3 30100 0 youth development Junior League of Midland 902 W Dengar Midland TX 79705 751005294 501c3 87021 0 community development Kalene Advancement Inc PO Box 206 Angwin CA 94508 811697800 501c3 25000 0 health Lamesa Boys and Girls Club PO Box 826 Lamesa TX 79331 751076737 501c3 25000 0 youth development Leakey ISD Leakey Scholarship Fund PO Box 1129 Leakey TX 78873 746001593 Govt 30250 0 educational Madeira School Inc 8328 Georgetown Pike McLean VA 22102 540505925 501c3 19000 0 educational Manor Park 2208 N Loop 250 West Midland TX 79707 751227882 501c3 132000 0 aging services Marathon Public Library PO Box 177 Marathon TX 79842 463355925 501c3 50000 0 educational MARC 2701 North A Street Midland TX 79705 751038411 501c3 115100 0 disabilities March Of Dimes 10 Desta Drive Suite LL130 Midland TX 79705 131846366 501c3 20000 0 disease disorder Marfa Education Foundation PO Box 660 Marfa TX 79843 274545608 501c3 10000 0 educational Marfa Live Arts PO Box 1365 Marfa TX 79843 743011051 501c3 20000 0 arts and culture Marfa Public Radio PO Box 238 Marfa TX 79843 562497864 501c3 150500 0 arts and culture Martin County Convent PO Box 1435 Stanton TX 79782 752284618 501c3 33930 0 educational McDonald Observatory 2515 Speedway Stop C1402 Austin TX 78712 746000203 501c3 50000 0 educational Medical Center Health System Foundation PO Box 7335 Odessa TX 79760 751220726 501c3 100000 0 health Midland Academy Charter School PTO 500 N Baird Midland TX 79701 831694048 501c3 10000 0 educational Midland Childrens Rehabilitation Center 802 Ventura Avenue Midland TX 79705 750912521 501c3 150000 0 health Midland College Foundation 3600 N Garfield Midland TX 79705 237315067 501c3 61000 0 educational Midland Community Development Corporation 208 South Marienfeld Midland TX 79701 752280264 501c3 150000 0 community development Midland Fair Havens 2400 Whitmire Blvd Suite 100 Midland TX 79705 752627746 501c3 315249 0 housing shelter Midland Habitat for Humanity PO Box 2555 Midland TX 79702 752381356 501c3 6150 0 housing shelter Midland Memorial Foundation 400 Rosalind Redfern Grover Parkway Midland TX 79701 750827455 501c3 9915 0 health Midland Montessori School 1011 Austin Street Midland TX 79703 752771791 501c3 5285 0 educational Midland Odessa Symphony and Chorale PO Box 60658 Midland TX 79711 751301544 501c3 63739 0 arts and culture Midland Rape Crisis and Childrens Advocacy Center PO Box 10081 Midland TX 79702 751673093 501c3 20000 0 human services Midland Soup Kitchen 1401 Orchard Lane Midland TX 79701 752360667 501c3 20300 0 human services Midland Teen Court 615 W Missouri Avenue 420 A Midland TX 79701 752503655 501c3 15000 0 youth development Midland Young Life 925 W Wadley Midland TX 79705 840385934 501c3 17090 0 youth development Mission Agape PO Box 3419 Midland TX 79702 800850297 501c3 40000 0 human services Museum of the Big Bend PO Box C101 Alpine TX 79832 746000027 501c3 75000 0 educational Museum of the Southwest 1705 W Missouri Avenue Midland TX 79701 751229711 501c3 75000 0 educational New Horizons Ranch and Center Inc 147 Sayles Boulevard Abilene TX 79605 751530340 501c3 40000 0 human services Nonprofit Management Center of the Permian Basin 3500 North A Street Suite 2300 Midland TX 79705 460706163 501c3 77350 0 community development Northeast Midland County Volunteer Fire Department PO Box 10005 Midland TX 79705 752293149 501c3 10000 0 community development Odessa Chamber Of Commerce PO Box 3626 Odessa TX 79760 750469860 501c3 10000 0 community development Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501c3 13353 0 educational Odessa College Foundation 201 W University Odessa TX 79764 752655037 501c3 22853 0 educational Odessa Community Foundation PO Box 3626 Odessa TX 79760 752857160 501c3 10000 0 community development Odessa Family YMCA 3001 E University Blvd Odessa TX 79762 751187026 501c3 50000 0 human services Odessa Links 119 W 4th Street Suite 201 Odessa TX 79761 752943130 501c3 25000 0 human services PermiaCare 401 E Illinois Midland TX 79701 751401776 501c3 75000 0 human services Permian Basin Petroleum Museum Library and Hall of Fame 1500 Interstate 20 West Midland TX 79701 756085378 501c3 9100 0 educational Permian Basin Rehabilitation Center 620 N Alleghaney Odessa TX 79761 750866501 501c3 88246 0 health Phased IN PO Box 3647 Wichita Falls TX 76301 464123649 501c3 15000 0 human services Pink the Basin Inc PO Box 7406 Odessa TX 79760 454966937 501c3 31500 0 health Prevent Blindness Texas 1600 N E Loop 410 Suite 125 San Antonio TX 78209 363667121 501c3 15000 0 health Recording Library of West Texas 3500 North A Street Suite 2800 Midland TX 79705 237075064 501c3 51630 0 human services Reflection Ministries of Texas PO Box 52371 Midland TX 79710 814378080 501c3 117250 0 human services Ronald McDonald House Charities of the Southwest 3413 10th Street Lubbock TX 79415 751915179 501c3 20000 0 human services Rope for Youth 3500 W Golf Course Road Midland TX 79703 461512244 501c3 25000 0 youth development Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501c3 135489 0 housing shelter Saluvida Inc Marfa Food Pantry PO Box 819 Marfa TX 79843 412045857 501c3 12000 0 community development Salvation Army of Midland 300 S Baird Midland TX 79701 750800678 501c3 80000 0 human services Salvation Army of Midland 600 E Wall Street Midland TX 79701 580660607 501c3 16789 0 human services Salvation Army of Odessa 810 E 11th Street Odessa TX 79761 750800678 501c3 50000 0 human services Samaritan Counseling Center of West Texas PO Box 60312 Midland TX 79711 751437991 501c3 152500 0 human services SCI Foundation 4800 West Gates Pass Road Tucson AZ 85745 860292099 501c3 12500 0 educational Senior Life Midland PO Box 80519 Midland TX 79708 751899190 501c3 68400 0 aging services SHARE 3500 N A Street Suite 2500 Midland TX 79705 262780706 501c3 9043 0 disabilities Sibley Nature Center 1307 East Wadley Midland TX 79705 201991058 501c3 6454 0 educational South Plains Food Bank 5605 MLK Jr Blvd Lubbock TX 79404 751904829 501c3 20000 0 community development Southwest Radio Church of the Air 500 Beacon Drive Oklahoma City OK 73127 730712306 501c3 15863 0 religion Stanton ISD 200 North College Street Stanton TX 79782 756002506 Govt 95000 0 educational Sterling County Volunteer Fire Department PO Box 819 Sterling City TX 76951 756001161 501c3 40000 0 human services Saint Johns Episcopal Church PO Box 3346 Odessa TX 79760 756004798 501c3 40688 0 religion Saint Johns Episcopal School PO Box 3046 Odessa TX 79760 752015719 501c3 36699 0 educational Saint Johns School 2401 Claremont Lane Houston TX 77019 741185668 501c3 25000 0 educational Saint Pauls Episcopal Church Marfa PO Box 175 Marfa TX 79843 900677447 501c3 10000 0 religion Sul Ross State University Student Financial Aid Box C113 Alpine TX 79832 746000027 Govt 10000 0 educational Sunshine House Inc 402 E Holland Avenue Alpine TX 79830 741989614 501c3 130000 0 youth development Teen Challenge PO Box 251 Midland TX 79702 751757538 501c3 9043 0 youth development Terrell County Independent School District PO Box 747 Sanderson TX 79848 746002263 Govt 75000 0 educational Texas Alliance for Minorities in Engineering 10100 Burnet Road R9200 Austin TX 78758 510192147 501c3 20000 0 educational Texas A&M University Kingsville Kleberg Wildlife Research Inst 700 University Boulevard MSC 218 Kingsville TX 78363 237166534 Govt 20000 0 educational Texas Lions Camp Inc PO Box 290247 Kerrville TX 78029 741189679 501c3 25000 0 youth development Texas Water Trade 611 S Congress Avenue Suite 125 Austin TX 78704 832740232 501c3 40000 0 enviromental The Cody Stephens Go Big or Go Home Memorial Foundation 15021 Bohemian Hall Road Crosby TX 77532 460894899 501c3 25000 0 health The Fields Edge PO Box 50068 Midland TX 79710 814661939 501c3 20400 0 human services The Grace Foundation 3705 College Park Drive Suite 140 The Woodlands TX 77384 364793159 501c3 250000 0 philanthropy The Immunization Partnership 240 West Galveston Street 1985 League City TX 77574 760695612 501c3 15000 0 health The Life Center 2101 W Wall Midland TX 79701 751663590 501c3 39999 0 health The Marathon Foundation 20742 Stone Oak Parkway Suite 107 San Antonio TX 78258 273518399 501c3 12000 0 community development The Springboard Center 200 Corporate Drive Midland TX 79705 752805439 501c3 13649 0 health Transformative Leadership Academy 2902 S Stockton Avenue Monahans TX 79756 834545014 501c3 9699 0 educational Trinity School of Midland 3500 West Wadley Midland TX 79707 750995808 501c3 51426 0 educational UBIQUITOUS LABS TX 3841 50th Street Suite B Lubbock TX 79413 474365918 501c3 20000 0 health United Way of Big Spring PO Box 24 Big Spring TX 79721 756003906 501c3 31228 0 community development United Way of Midland 1209 West Wall Midland TX 79701 750945926 501c3 44667 0 community development University of Texas of the Permian Basin Office of Institutional Advancement 4901 East University Blvd Odessa TX 79762 751393493 Govt 68423 0 educational Ward County Greater Works 922 S Main Street Midland TX 79756 432025340 501c3 60000 0 community development West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501c3 204403 0 human services West Texas Regional Poison Center 4815 Alameda Avenue El Paso TX 79905 742540513 501c3 10000 0 health YMCA of Midland PO Box 954 Midland TX 79702 750871732 501c3 6500 0 youth development Young Life 420 N Cascade Avenue Colorado Springs CO 80903 840385934 501c3 500000 0 youth development 146 12 Scholarship Awards 293 460675 0 Fair Value Schedule I, Part I, Line 2 Organizations receiving grants from Permian Basin Area Foundation are required to report on the status of their grants within two years of the grant award. A standard form is required from all organizations. Students receiving scholarships from Permian Basin Area Foundation sign a contract agreeing to submit grade reports following every semester in which they receive an award from the Foundation. X X X 0 0 0 0 0 0 0 0 0 Guy McCrary President and CEO 251771 0 0 0 0 0 0 0 26447 0 278218 0 0 0 Cyndi Vara Chief Financial Officer 166548 0 0 0 0 0 0 0 41197 0 207745 0 0 0 Aaron Bedell Chief Operating Officer 88501 0 0 0 0 0 0 0 13536 0 102037 0 0 0 X 3 1119522 Fair Market Value X Bequest Receivable 1 1601091 Fair Market Value 0 0 1 1 Schedule M, Part I, Line 32b The organization uses a third party firm to market oil and gas royalties held for sale. The organization also uses a third party firm to sell publicly traded securities. Form 990, Part VI, Section B, Line 11b The CFO and other accounting staff prepare the Form 990. The independent auditor and CEO review the Form 990; then the Form 990 is reviewed by the Audit Committee of the board. The Audit Committee recommends approval of the Form 990 by the full Board of Governors. The full Board of Governors is provided with a copy of the Form 990 prior to approval by the Board, and prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c Annually, each board member receives a copy of the Foundation's Conflict of Interest Policy. Each board member must also sign an acknowledgement certifying their awareness and understanding of the Conflict of Interest Policy. Also, annually each board member is asked to disclose all of their community and business affiliations to help Foundation staff identify potential conflicts of interest. Form 990, Part VI, Section B, Line 15 The Foundation has adopted the following policy regarding compensation of the Chief Executive Officer: Executive compensation is approved in advance by the Board of Governors (the Board). No member of the Board participating in the compensation decision shall have a conflict of interest with respect to the compensation transaction being reviewed. The Board will obtain and rely upon appropriate data as to comparability, prior to making its compensation determination. In general, the Board will have obtained appropriate data as to comparability if, given the knowledge and expertise of its members, it has information sufficient to determine whether the compensation arrangement is reasonable. The Board will adequately document the basis for its determination concurrently with making that decision. The documentation will include: 1) the terms of the approved transaction and the date on which the transaction was approved, 2) the members of the Board who were present during determination regarding the approved transaction and the members who voted on the matter under consideration, 3)the comparability data obtained and relied upon by the Board and how that data was obtained, 4) the basis for its determination if the Board determines that a specific compensation arrangement is higher or lower than the range of comparability data obtained, and 5) any actions taken with respect to consideration of the transaction by anyone who is otherwise a member of the Board but who had a conflict of interest with respect to the transaction. The documentation for the decision will be prepared before the latter of the next meeting of the Board or 60 days after the final action is taken. This procedure is completed annually. Each year, the CEO obtains and relies upon various salary surveys, both local and national, to determine that the compensation of the CFO and COO is reasonable. The CEO documents this process in the personnel file for the CFO and COO. Form 990, Part VI, Section C, Line 19 The Foundation makes its governing documents and conflict of interest policy available to the public upon request. The Foundation provides its audited financial statements available to the public on request. The Foundation also includes in its annual report to donors, grantees, vendors, and other interested persons select data from its audited financial statements. Form 990, Part XI, Line 9 Change in value of life insurance $60,103; Change in value of split interest agreements ($1,461,673); Change in value of perpetual trust $2,423; Change in value of production royalty ($1,218,240). West Texas Heritage Holdings Inc c/o Guy McCrary 3312 Andrews Highway Midland TX 79703 271928634 supporting organization TX 501(c)(3) Public Charity N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 West Texas Heritage Holdings Inc c 186264 Fair Value West Texas Heritage Holdings Inc c 312491 Fair Value