2020-11-12T13:19:38-07:00 2019-12-31 990 2019-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 3312 Andrews Highway Midland TX 79703 Guy McCrary President and CEO 4326173213 2020-11-13 65.36.49.50 2019 2021-01-29 14:40:06Z Guy McCrary 3312 Andrews Highway Midland TX 79703 116356038 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. 11 11 10 81 20745 0 17945115 11151764 0 0 7945876 17634257 5777770 2006470 31668761 30792491 6657311 10619888 0 0 1013569 1185534 0 0 254285 1917704 2183261 9588584 13988683 22080177 16803808 181903921 221436746 10000 8474558 181893921 212962188 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 11029518 10619888 0 Community capacity building programs: 549 grants to various non-profit organizations and 254 individuals awarded scholarships; based on approved grant and scholarship applications. 76335 0 0 Community Education includes general outreach to advance the mission of the Foundation and philanthropy in West Texas. During 2019 the Foundation conducted 19 meetings and/or educational events with nonprofits. 0 0 0 11105853 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 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 10 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 233113 0 25006 Cyndi Vara Chief Financial Officer 40 0 X 150114 0 38586 Aaron Bedell Chief Operating Officer 40 0 X 107996 0 21665 Cal Hendrick Chair 2 0 X X 0 0 0 Mara Barham Vice Chair 1 0 X X 0 0 0 Mark Nicholas Past Chair 1 1 X X 0 0 0 Sande Melton Wier Secretary 1 0 X X 0 0 0 Todd Meade Treasurer 1 0 X X 0 0 0 Stacey Brown Director 1 0 X 0 0 0 Andrew Semer Director 1 0 X 0 0 0 Bryan Heflin Director 1 0 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 491223 0 85257 3 0 1 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 627553 Caple Royalty Services LLC 5151 Belt Line Road Suite 375 Dallas TX 75254 marketing of oil and gas royalty interests for sale 441078 UBS Financial Services Inc 1700 West Wall Street Midland TX 79701 Investment Consultant and Management Services 217211 3 0 0 76905 1789505 0 9285354 3736608 11151764 0 0 0 0 0 5540589 0 -19767 5560356 0 0 0 0 1915701 0 0 1915701 0 0 0 0 0 0 0 0 0 0 86595449 11026944 78323029 7205696 8272420 3821248 12093668 0 40512 12053156 34822 76905 34822 0 0 0 Other Income 900099 5383 0 0 5383 Administrative fees on non-owned endowment funds 900099 85386 0 0 85386 0 0 0 0 90769 30792491 0 20745 19619982 10160263 10160263 459625 459625 576481 105476 429196 41809 457700 172060 275447 10193 33953 13343 19533 1077 49758 19160 28090 2508 67642 18130 46508 3004 6300 6300 43983 43983 990099 990099 441903 441903 20279 2999 2311 14969 30681 7612 21478 1591 81678 22767 56863 2048 58792 16462 39390 2940 11330 7522 1374 2434 18622 4886 13736 152360 42660 102084 7616 165392 7917 21243 136232 Ad Valorem Mineral Taxes 65209 0 65209 0 Event Sponsorships 45462 16911 1250 27301 Program Expense 19000 19000 0 0 Dues and Memberships 8833 2618 5652 563 23338 6442 16896 13988683 11105853 2628545 254285 536446 342837 3357330 4207225 0 0 0 0 0 0 0 0 0 0 0 0 34126 30692 4765033 307922 4588911 4457111 150374858 195360692 0 0 0 0 0 0 23012250 17038189 181903921 221436746 0 65417 10000 1086225 0 0 0 0 0 0 0 0 0 0 0 0 0 7322916 10000 8474558 X 164090765 10931374 17803156 202030814 181893921 212962188 181903921 221436746 X 16803808 21150173 0 0 -8242888 1357174 X 0 1 X 1 0 X 2704145 4464642 9972107 10335091 11151764 38627749 0 0 0 0 0 0 0 0 0 0 2704145 4464642 9972107 10335091 11151764 38627749 10775221 27852528 8404063 6259004 6648153 10275587 7456290 39043097 0 0 0 0 0 0 1552 18074 19404 2188 90769 131987 77802833 0.35799 0.40865 X Schedule A, Part II, Line 10 other income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 13988683 13988683 849434 212359 0 0 0 0 629429 849434 1478863 2218295 0 0 11688 0 11688 0 0 157357 212359 369716 554574 0 0 7126 0 7126 73 71 5760525 443324 4963055 573059 38271487 24880073 1 1 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 102187593 10344457 -1035057 10120311 0 789140 100587542 0.96 0.0002 0.0398 0 0 0 302813 302813 0 3775959 157332 3618627 0 0 0 0 0 686261 150590 535671 0 0 0 0 4457111 Beneficial Interest in Royalty Trust 5054085 Beneficial Interest in Lead Trust 1050422 Beneficial Interest in Remainder Trust 1775773 Beneficial Interest in Perpetual Trust 51095 Oil and Gas Mineral Interests 8807340 Cash Surrender Value of Life Insurance 299474 17038189 0 Agency transactions payable 70000 Amounts held for agencies 6952916 Refundable advance 300000 7322916 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, 2016. Subsequent Events Patrick Wayland Gold Tournament 111727 76905 34822 0 0 0 0 0 34822 0 0 111727 76905 34822 0 0 0 0 0 34822 34822 0 1 ABLE Center for Independent Living 4803 Plaza Blvd Suite 401 Odessa TX 79762 752485614 501c3 30350 0 human services African Childrens Schools 1400 Fieldspring Drive Bakersfield CA 93311 811490071 501c3 80000 0 educational Alamo Heights Baptist Church 1305 N Midland Dr Midland TX 79703 751888207 501c3 8927 0 faith based ministries Alpine Independent School District 704 W Sul Ross Avenue Alpine TX 79830 746000020 Govt 13000 0 educational Alzheimers Association STAR Chapter 4400 N Big Spring St Ste C 32 Midland TX 79705 133039601 501c3 10000 0 health American Heart Association 10900 B Stonelake Blvd Suite 320 Austin TX 78759 135613797 501c3 15000 0 health Aphasia Center of West Texas 5214 Thomason Drive Midland TX 79703 020618732 501c3 54406 0 disease disorder Archway Outreach 114 N Midkiff Road Midland TX 79701 831434797 501c3 60000 0 health Arise Africa Inc 1628 Fairmount Avenue Ft Worth TX 76104 272014915 501c3 46750 0 international Arts Council of Midland PO Box 3494 Midland TX 79702 751894442 501c3 30000 0 arts and culture Attic Foster Network 2003 Oaklawn Drive Midland TX 79705 813145324 501c3 15000 0 human services Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501c3 72032 0 aging services Basin Dream Center for Orphans PO Box 52473 Midland TX 79701 820927815 501c3 25000 0 human services Basin PBS PO Box 8940 Midland TX 79708 203221344 501c3 40000 0 educational Be The Change Permian Basin PO Box 52643 Midland TX 79710 461288541 501c3 10000 0 youth development Big Brothers Big Sisters of the Permian Basin 714 W Louisiana Midland TX 79701 751791035 501c3 35433 0 youth development Billy Graham Evangelistic Association 1 Billy Graham Parkway Charlotte NC 28201 410692230 501c3 11605 0 faith based ministries Borderlands Research Institute for Natural Resource Management Sul Ross State University PO Box C 21 Alpine TX 79832 753138496 501c3 350000 0 educational Boys and Girls Club of Odessa 800 E 13th Street Odessa TX 79761 750990952 501c3 85000 0 youth development Bridges for Peace BFP International PO Box 410037 Melbourne FL 32941 753077433 501c3 19639 0 faith based ministries Brite Divinity School TCU Box 298130 Fort Worth TX 76129 237121060 501c3 12500 0 educational Buckner Children and Family Services 425 W Pecan Midland TX 79705 752571395 501c3 53329 0 youth development Buffalo Trail Council BSA 1101 West Texas Avenue Midland TX 79701 750800616 501c3 161500 0 youth development Bynum School PO Box 80175 Midland TX 79708 751932925 501c3 106720 0 educational Casa de Amigos 1101 E Garden Lane Midland TX 79701 751240087 501c3 26689 0 human services CASA of West Texas 1611 W Texas Midland TX 79701 752871945 501c3 85000 0 youth development CBM Ministries of the Great Southwest PO Box 1058 Edmond OK 73083 731492684 501c3 8034 0 faith based ministries Center for Big Bend Studies PO Box C 72 Alpine TX 79832 753138505 501c3 21000 0 arts and culture Centers for Children and Families 3701 Andrews Highway Midland TX 79703 751005357 501c3 19747 0 mental health Childfund International PO Box 26511 Richmond VA 23286 540536100 501c3 23000 0 youth development 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 41527 0 housing shelter City of Marfa PO Box 787 Marfa TX 79843 746001687 Govt 30000 0 health City of Midland PO Box 1152 Midland TX 79702 756000608 Govt 35723 0 community development Club Fort Davis After School Program PO Box 535 Fort Davis TX 79734 300152816 501c3 18500 0 youth development COM Aquatics 3003 North A Street Midland TX 79705 751254435 501c3 23875 0 human services Communities In Schools of the Permian Basin PO Box 10532 Midland TX 79702 752821486 501c3 60000 0 educational Community Childrens Clinic PO Box 3328 Midland TX 79702 751875246 501c3 7696 0 health Culberson County Allamore Independent School District PO Box 899 Van Horn TX 79855 746002434 Govt 63000 0 educational Downtown Leakey Inc PO Box 464 Leakey TX 78873 473846841 501c3 25000 0 arts and culture Dress for Success Permian Basin 5050 E University Blvd Suite 7 Odessa TX 79762 824395722 501c3 17000 0 human services Education Foundation of Odessa PO Box 951 Odessa TX 79760 752862209 501c3 2855102 0 educational Ellen Noel Art Museum 4909 E University Blvd Odessa TX 79762 751614818 501c3 12000 0 arts and culture Evergreen Cemetery Association PO Box 224 Stanton TX 79782 751592717 501c3 19805 0 community development Family Crisis Center of the Big Bend PO Box 1470 Alpine TX 79831 751897981 501c3 15000 0 human services Family Promise of Midland 3500 North A Street Suite 1400 Midland TX 79705 271003573 501c3 42500 0 housing shelter First Christian Church 1301 W Louisiana Avenue Midland TX 79701 750959993 501c3 7500 0 faith based ministries First Presbyterian Church 800 West Texas Midland TX 79701 750983832 501c3 54595 0 faith based ministries First Response Ministries PO Box 575 Fort Stockton TX 79735 452998818 501c3 30000 0 housing shelter First United Methodist Church Fort Worth 800 West Fifth Street Fort Worth TX 76102 750800645 501c3 9000 0 faith based ministries Fort Davis Higher Education Foundation PO Box 335 Fort Davis TX 79734 061653768 501c3 20000 0 educational Fort Stockton Community Theatre PO Box 912 Fort Stockton TX 79735 751843330 501c3 45000 0 arts and culture Friends of the Jeff Davis County Library PO Box 425 Fort Davis TX 79734 262817908 501c3 15000 0 educational George Bush Presidential Library Foundation PO Box 14141 College Station TX 77841 760345781 501c3 10000 0 educational George W Bush Childhood Home PO Box 8586 Midland TX 79708 752925197 501c3 11000 0 educational Gifts of Hope Inc PO Box 1323 Midland TX 79702 200672472 501c3 6500 0 disease disorder Gladney Center for Adoption 6300 John Ryan Drive Fort Worth TX 76132 750917409 501c3 30000 0 human services Greater Ideal Family Life Center 301 S Tyler Midland TX 79701 043743673 501c3 60000 0 youth development Hangar 25 Air Museum PO Box 2925 Big Spring TX 79720 752790454 501c3 51800 0 arts and culture Hill Country Youth Ranch PO Box 67 Ingram TX 78025 741907867 501c3 17400 0 youth development Hillcrest School 2800 North A Street Midland TX 79705 752468032 501c3 30439 0 educational Historic Cane Hill Inc PO Box 756 Lincoln AR 72744 710653475 501c3 870000 0 arts and culture Junior League of Midland 902 W Dengar Midland TX 79705 751005294 501c3 60550 0 community development Kaleidoscope Ministries PO Box 51601 Midland TX 79710 651313112 501c3 30000 0 human services Kalene Advancement Inc PO Box 206 Angwin CA 94508 811697800 501c3 30000 0 health Lamesa Boys and Girls Club PO Box 826 Lamesa TX 79331 751076737 501c3 65000 0 educational Leakey ISD Leakey Scholarship Fund PO Box 1129 Leakey TX 78873 746001593 Govt 34375 0 educational Leukemia Texas 4925 N OConnor Road Ste 125 Irving TX 75062 751327679 501c3 15000 0 health Madeira School Inc 8328 Georgetown Pike McLean VA 22102 540505925 501c3 16700 0 educational Make A Wish Foundation of North Texas 407 N Big Spring Suite 208 Midland TX 79701 751889666 501c3 50000 0 human services Marathon Independent School District PO Box 416 Marathon TX 79842 746001681 Govt 13000 0 educational MARC 2701 North A Street Midland TX 79705 751038411 501c3 10600 0 disabilities Marfa Education Foundation PO Box 660 Marfa TX 79843 274545608 501c3 60000 0 educational Marfa Public Radio PO Box 238 Marfa TX 79843 562497864 501c3 26300 0 arts and culture Martin County Community Fund PO Box 1189 Stanton TX 79782 200641203 501c3 10000 0 human services Martin County Convent PO Box 1435 Stanton TX 79782 752284618 501c3 25000 0 arts and culture Matthews Memorial Presbyterian Church PO Box 2345 Albany TX 76430 746028977 Church 6000 0 faith based ministries McDonald Observatory 2515 Speedway Stop C1402 Austin TX 78712 746000203 Govt 40000 0 educational Medical Center Health System Foundation PO Box 7335 Odessa TX 79760 751220726 501c3 10000 0 health Midland Classical Academy 5711 Whitman Drive Midland TX 79705 752760945 501c3 10000 0 educational Midland College Foundation 3600 N Garfield Midland TX 79705 237315067 501c3 25900 0 educational Midland Community Theatre 2000 W Wadley Ave Midland TX 79705 756003774 501c3 31500 0 arts and culture Midland Downtown Farmers Market PO Box 114 Tarzan TX 79783 453414900 501c3 10000 0 arts and culture Midland Fair Havens 2400 Whitmire Blvd Suite 100 Midland TX 79705 752627746 501c3 55250 0 housing shelter Midland Festival Ballet PO Box 52034 Midland TX 79710 752510710 501c3 20000 0 arts and culture Midland Habitat for Humanity PO Box 2555 Midland TX 79702 752381356 501c3 41174 0 housing shelter Midland Historical Society PO Box 5901 Midland TX 79704 811226056 501c3 10000 0 arts and culture Midland Memorial Foundation 400 Rosalind Redfern Grover Parkway Midland TX 79701 750827455 501c3 1094517 0 disease disorder Midland Odessa Symphony and Chorale PO Box 60658 Midland TX 79711 751301544 501c3 93028 0 arts and culture Midland Shared Spaces 3500 N A Street Suite 1100 Midland TX 79705 454737063 501c3 10000 0 community development Midland Teen Court 615 W Missouri Ave Ste 226 Midland TX 79701 752503655 501c3 15000 0 youth development Midland Young Life 925 W Wadley Midland TX 79705 840385934 501c3 54098 0 youth development Mission Center Adult Day Service 3500 N A Street Suite 1300 Midland TX 79705 752459123 501c3 14299 0 human services Monahans Chamber of Commerce 1525 East Monahans Parkway Monahans TX 79756 750444711 501c6 25000 0 community development Muscular Dystrophy Association 24 Smith Rd Suite 408 Midland TX 79701 131665552 501c3 50000 0 health Museum of the Big Bend PO Box C 101 Alpine TX 79832 746000027 501c3 35000 0 educational Museum of the Southwest 1705 W Missouri Ave Midland TX 79701 751229711 501c3 105000 0 arts and culture North Side Movement 707 N Gregg Street Big Spring TX 79720 463628182 501c3 45000 0 community development Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501c3 13142 0 educational Odessa Christmas in Action PO Box 15075 Odessa TX 79768 752258032 501c3 35500 0 housing shelter Odessa College Foundation 201 W University Odessa TX 79764 752655037 501c3 64680 0 housing shelter Odessa Community Foundation PO Box 3626 Odessa TX 79760 752857160 501c3 8000 0 community development Odessa Council for the Arts and Humanities PO Box 7195 Odessa TX 79760 751663253 501c3 31000 0 arts and culture Odessa Downtown Lions Club Foundation PO Box 12190 Odessa TX 79762 752448138 501c3 25000 0 human services Odessa Family YMCA 3001 E University Blvd Odessa TX 79762 751187026 501c3 50000 0 youth development Odessa Links 119 W 4th Street Ste 201 Odessa TX 79761 752943130 501c3 20000 0 human services Partners Relief and Development PO Box 1992 Grand Rapids MI 49501 223786806 501c3 101000 0 human services Permian Basin Fellowship of Christian Athletes 3500 North A Street Suite 2600 Midland TX 79705 440610626 501c3 70000 0 youth development Permian Basin Regional Council on Alcohol and Drug Abuse 120 East 2nd Street Odessa TX 79761 752300815 501c3 80000 0 health Permian Basin Rehabilitation Center 620 N Alleghaney Odessa TX 79761 750866501 501c3 18299 0 health Permian Playhouse of Odessa 310 W 42nd Odessa TX 79764 751227350 501c3 13891 0 arts and culture Presbyterian Childrens Homes and Services 5920 W William Cannon Dr Austin TX 78749 750818172 501c3 15000 0 human services Rays of Hope 900 West Wall Midland TX 79701 751736007 501c3 167250 0 human services Recording Library of West Texas 3500 North A Street Suite 2800 Midland TX 79705 237075064 501c3 11746 0 human services Reflection Ministries of Texas PO Box 52371 Midland TX 79710 814378080 501c3 251000 0 human services Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501c3 40848 0 human services Salvation Army of Midland 300 S Baird Midland TX 79701 750800678 501c3 13431 0 human services Samaritan Counseling Center of West Texas PO Box 60312 Midland TX 79711 751437991 501c3 37500 0 mental health SCI Foundation 4800 West Gates Pass Road Tucson AZ 85745 860292099 501c3 20000 0 human services SHARE 3500 N A Street Suite 2500 Midland TX 79705 262780706 501c3 67500 0 disabilities Sibley Nature Center 1307 East Wadley Midland TX 79705 201991058 501c3 70000 0 educational Snyder Community Resource Center PO Box 1133 Snyder TX 79550 471138662 501c3 25000 0 human services Southwest Radio Church of the Air 500 Beacon Drive Oklahoma City OK 73127 730712306 501c3 16068 0 faith based ministries Special Olympics Texas 1804 Rutherford Lane Austin TX 78752 741998367 501c3 15997 0 human services Stanton ISD 200 North College Street Stanton TX 79782 756002506 Govt 40000 0 educational Starlight Therapeutic Riding Center Inc 6 Desta Drive Suite 3000 Midland TX 79705 841749519 501c3 6000 0 health Sterling County Emergency Medical Service PO Box 819 Sterling City TX 76951 756001161 Govt 25000 0 health St Johns Episcopal Church PO Box 3346 Odessa TX 79760 756004798 501c3 36608 0 faith based ministries St Johns Episcopal School PO Box 3046 Odessa TX 79760 752015719 501c3 34916 0 educational St Johns School 2401 Claremont Lane Houston TX 77019 741185668 501c3 25000 0 educational Sul Ross University Student Financial Aid Box C 113 Alpine TX 79832 746000027 Govt 10000 0 educational Teen Challenge PO Box 251 Midland TX 79702 751757538 501c3 72500 0 disease disorder Teen FLOW PO Box 733 Midland TX 79702 752899609 501c3 11000 0 youth development Texas A and M University Kingsville Caesar Kleberg Wildlife 700 University Boulevard MSC 218 Kingsville TX 78363 237166534 501c3 20000 0 educational Texas State History Museum Foundation PO Box 12456 Austin TX 78711 742916783 501c3 10000 0 arts and culture Texas Tech Foundation PO Box 41081 Lubbock TX 79409 756043842 501c3 50000 0 educational The Association of Former Students Texas A and M University 505 George Bush Drive College Station TX 77840 740490865 501c3 15000 0 educational The Blackwell School Alliance PO Box 417 Marfa TX 79843 900424177 501c3 25000 0 educational The Fields Edge PO Box 50068 Midland TX 79710 814661939 501c3 100000 0 human services The Grace Foundation 3705 College Park Drive Suite 140 The Woodlands TX 77384 364793159 501c3 450000 0 philanthropy The Life Center 2101 W Wall Midland TX 79701 751663590 501c3 10000 0 health The Springboard Center 200 Corporate Drive Midland TX 79705 752805439 501c3 67000 0 disease disorder Trinity School of Midland 3500 West Wadley Midland TX 79707 750995808 501c3 1049898 0 educational United Way of Midland 1209 West Wall Midland TX 79701 750945926 501c3 58140 0 community development United Way of Odessa PO Box 632 Odessa TX 79760 750838777 501c3 75000 0 philanthropy University of Arkansas Foundation 535 W Research Center Blvd Ste 120 Fayetteville AR 72701 716056774 501c3 10000 0 educational University of Texas at Austin Cockrell School of Engineering 2501 Speedway Stop C2108 Austin TX 79712 746000203 Govt 9000 0 educational University of Texas of the Permian Basin Office of Institutional Advancement 4901 East University Blvd Odessa TX 79762 751393493 Govt 1071509 0 educational Unlock Ministries PO Box 7742 Midland TX 79708 752959142 501c3 60000 0 youth development Valentine Independent School District PO Box 188 Valentine TX 79854 746003596 Govt 13000 0 educational Van Horn Community Christian Shelter PO Box 365 Van Horn TX 79855 742444708 501c3 30000 0 community development Veterans of Foreign Wars Post 4149 Temple and Weldon Harris 409 Veterans Airpark Lane Midland TX 79705 756040094 501c19 25000 0 human services Ward County Crime Stoppers 114 Bruce Avenue Monahans TX 79756 462076820 501c3 10000 0 crime Waterstone Support Foundation 10807 New Allegiance Dr Ste 240 Colorado Springs CO 80921 841430063 501c3 10000 0 faith based ministries Western Texas Lions Eye Bank Alliance PO Box 2911 San Angelo TX 76905 237203051 501c3 20000 0 health West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501c3 32266 0 food nutrition West Texas Gifts of Hope Inc PO Box 891 Odessa TX 79760 272281886 501c3 25000 0 human services 154 3 Scholarship Awards 254 459625 0 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 233113 0 0 0 0 0 0 0 25006 0 258119 0 0 0 Cyndi Vara Chief Financial Officer 147114 0 3000 0 0 0 0 0 38586 0 188700 0 0 0 Aaron Bedell Chief Operating Officer 104996 0 3000 0 0 0 0 0 21665 0 129661 0 0 0 X 7 3732758 fair value X printers 3 3300 fair value X decorative piece 1 550 fair 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 prepares 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 $65,925; Change in value of split interest agreements $1,934,151; Change in value of perpetual trust $6,178; Change in value of production royalty ($649,080). 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 689505 fair value West Texas Heritage Holdings Inc c 1100000 fair value