PERMIAN STRATEGIC PARTNERSHIP INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- PERMIAN STRATEGIC PARTNERSHIP INC (EIN 83-0931988)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-04-20
- IRS object ID
- 202021119349300337
- Schema version
- 2018v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-04-20T13:21:32-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 850214336 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON MILLER & CO CPA'S PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 W TEXAS AVE STE 1000 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 797014279 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830931988 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PERMIAN STRATEGIC PARTNERSHIP INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PERM | BusinessNameControlTxt |
| Phone | 4322620588 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 WEST TEXAS AVE STE 900 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DON EVANS | PersonNm |
| Person Title | EXECUTIVE CHAIRMAN | PersonTitleTxt |
| Phone | 4322620588 | PhoneNum |
| Signature | 2020-04-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RODRIGO O AGUILAR JR | PreparerPersonNm |
| PTIN | P01403742 | PTIN |
| Phone | 4326831835 | PhoneNum |
| Preparation | 2020-04-20 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 52.38.98.93 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-04-20 | IPDt |
| IP Tm | 13:21:32 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A3EDA5FE265B15B2E42B45252ABBAEBCB7844816 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | EFD8FC639CF775E28C1C79C9FA2852EEFAC5B1AE | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Principal Officer | DON EVANS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W TEXAS ST STE 900 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,938,058 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PERMIANPARTNERSHIP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2018 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PERMIAN BASIN RESIDENTS BY PARTNERING WITH LOCAL LEADERS TO DEVELOP AND IMPLEMENT STRATEGIC PLANS THAT FOSTER SUPERIOR SCHOOLS, SAFER ROADS, QUALITY HEALTHCARE, AFFORDABLE HOUSING AND A TRAINED WORKFORCE. THE COMPANIES INVOLVED WITH THE PSP WILL BRING PEOPLE, EXPERTISE, RESOURCES AND LEADERSHIP TO DEVELOP SOLUTIONS IN PARTNERSHIP WITH LOCAL LEADERS AND COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $7,926,875 | CYProgramServiceRevenueAmt |
| CY Investment Income | $11,183 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| CY Total Revenue | $7,938,058 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $2,879,872 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| CY Other Expenses | $1,955,760 | CYOtherExpensesAmt |
| CY Total Expenses | $4,835,632 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $3,102,426 | CYRevenuesLessExpensesAmt |
| Total Assets EOY | $4,209,447 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $1,098,382 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances EOY | $3,111,065 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PERMIAN BASIN RESIDENTS BY PARTNERING WITH LOCAL LEADERS TO DEVELOP AND IMPLEMENT STRATEGIC PLANS THAT FOSTER SUPERIOR SCHOOLS, SAFER ROADS, QUALITY HEALTHCARE, AFFORDABLE HOUSING AND A TRAINED WORKFORCE. THE COMPANIES INVOLVED WITH THE PSP WILL BRING PEOPLE, EXPERTISE, RESOURCES AND LEADERSHIP TO DEVELOP SOLUTIONS IN PARTNERSHIP WITH LOCAL LEADERS AND COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SEE OTHER EXEMPT PURPOSE | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PERMIAN STRATEGIC PARTNERSHIP PROVIDES MANAGEMENT SERVICES TOWARDS THE INITIATIVES OF IT'S MEMBERS. THE MEMBERS CONTRIBUTE TO PERMIAN STRATEGIC PARTNERSHIP AND THE ORGANIZATION THEN DIRECTS THE FUNDS TOWARDS THE MEMBERS' INITIATIVES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRACEE BENTLEY | PersonNm |
| Phone | 4326844411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 W TEXAS AVE STE 900 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79701 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|
| DON EVANS | |||||||
| EXECUTIVE CH | 40.00 | Yes (X) | Yes (X) | $712,500 | $0 | $0 | |
| TRACEE BENTLEY | |||||||
| CEO | 40.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN CHRISTMANN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFF GUSTAVSON | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TOM JORDAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIM LEACH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DOMINIC MACKLON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TRAVIS STICE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES MELOY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STAALE GJERVIK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFF MILLER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK BERG | |||||||
| VICE CHAIRMA | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| AMIR GERGES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVE LAWLER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID HAGAR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DOUG SUTTLES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL THOMAS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| VICKI HOLLUB | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATT GALLAGHER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIE CHIANG | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JF POUPEAU | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDSEY DINGMORE | |||||||
| MEMBER DELEG | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JEFF JOHNSTON | |||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BARRY THOMAS | |||||||
| GENERAL COUN | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT KIDWELL | |||||||
| VICE PRESIDE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE WISE | |||||||
| VICE PRESIDE | 40.00 | $140,000 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $852,500 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERSHIP CONTRIBUTIONS | Desc |
| Total Revenue Column | $7,926,875 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,926,875 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,926,875 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,183 | TotalRevenueColumnAmt |
| Exclusion | $11,183 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,938,058 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,926,875 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $11,183 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,730,542 | TotalAmt |
| Management And General | $2,730,542 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,435 | TotalAmt |
| Management And General | $70,435 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,895 | TotalAmt |
| Management And General | $78,895 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,613 | TotalAmt |
| Management And General | $70,613 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,996 | TotalAmt |
| Management And General | $13,996 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,442,410 | TotalAmt |
| Management And General | $1,442,410 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,148 | TotalAmt |
| Management And General | $4,148 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,560 | TotalAmt |
| Management And General | $2,560 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,934 | TotalAmt |
| Management And General | $36,934 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,864 | TotalAmt |
| Management And General | $38,864 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,016 | TotalAmt |
| Management And General | $64,016 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,987 | TotalAmt |
| Management And General | $8,987 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,328 | TotalAmt |
| Management And General | $10,328 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| GENERAL & ADMINISTRATIVE | $224,958 | $224,958 |
| EXCISE TAXES | $30,275 | $30,275 |
| MEALS & ENTERTAINMENT | $5,583 | $5,583 |
| BANK FEES | $1,425 | $1,425 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $663 | TotalAmt |
| Management And General | $663 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,835,632 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $4,835,632 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $4,200,808 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,987 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $348 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $8,639 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,209,447 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $609,023 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $489,359 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,098,382 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $11,183 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,099,882 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,111,065 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $4,209,447 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,102,426 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $8,639 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,987 | OtherCostOrOtherBasisAmt |
| Depreciation | $348 | DepreciationAmt |
| Book Value | $8,639 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,639 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $7,938,058 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $7,938,058 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $7,938,058 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,826,993 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $4,826,993 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $8,639 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $8,639 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,835,632 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XII, LINE 4B | FormAndLineReferenceDesc |
| Explanation | BOOK/TAX DEPRECIATION DIFFERENCE 8,639 | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| DON EVANS | |||
| EXECUTIVE CHAIRMAN | $437,500 | $275,000 | $712,500 |
| MIKE WISE | |||
| VICE PRESIDENT | $40,000 | $100,000 | $140,000 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PERMIAN BASIN RESIDENTS BY PARTNERING WITH LOCAL LEADERS TO DEVELOP AND IMPLEMENT STRATEGIC PLANS THAT FOSTER SUPERIOR SCHOOLS, SAFER ROADS, QUALITY HEALTHCARE, AFFORDABLE HOUSING AND A TRAINED WORKFORCE. THE COMPANIES INVOLVED WITH THE PSP WILL BRING PEOPLE, EXPERTISE, RESOURCES AND LEADERSHIP TO DEVELOP SOLUTIONS IN PARTNERSHIP WITH LOCAL LEADERS AND COMMUNITIES. |
| FORM 990, PAGE 2, PART III, LINE 4D | PERMIAN STRATEGIC PARTNERSHIP PROVIDES MANAGEMENT SERVICES TOWARDS THE INITIATIVES OF IT'S MEMBERS. THE MEMBERS CONTRIBUTE TO PERMIAN STRATEGIC PARTNERSHIP AND THE ORGANIZATION THEN DIRECTS THE FUNDS TOWARDS THE MEMBERS' INITIATIVES. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE CORPORATION HAS TWO CLASSES OF MEMBERS. TIER 1 AND TIER 2 MEMBERS MAKE A FIVE-YEAR COMMITMENT. THE DISTINGUISHMENT BETWEEN THE TWO IS THAT TIER 2 MEMBERS ARE ONLY REQUIRED TO MAKE A CAPITAL CONTRIBUTION AS DETERMINED BY THE BOARD OF DIRECTORS THAT IS HALF OF A TIER 1 MEMBER'S CONTRIBUTION. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD OF DIRECTORS IS MADE UP OF ONE PERSON FROM EACH OF THE MEMBER ORGANIZATIONS. THIS PERSON MUST MEET CERTAIN CRITERIA INCLUDING THAT THEY MUST CURRENTLY BE A SENIOR MANAGEMENT LEVEL EMPLOYEE OF THE APPOINTING MEMBER. |
| FORM 990, PAGE 6, PART VI, LINE 7B | MEMBER'S HAVE THE POWER TO APPOINT AND REMOVE THE DIRECTOR FOR THE MEMBER ENTITY WITHOUT THE BOARD OF DIRECTORS APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COMPLETE REVIEW WAS CONDUCTED BY THE CHAIRMAN & CEO OF THE ORGANIZATION. A REVIEW WILL BE CONDUCTED BY THE BOARD OF DIRECTORS SUBSEQUENT TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE CHAIRMAN'S AND CEO'S COMPENSATION ARE EVALUATED FROM TIME TO TIME BY THE BOARD. THE CHAIRMAN AND CEO, SIMILAR TO OTHER EMPLOYEES, HAVE THE ABILITY TO EARN A BONUS BASED UPON PERFORMANCE AGAINST ANNUAL GOALS ESTABLISHED BY THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON REQUEST, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FIRST, THE ORGANIZATION OBTAINS THE CEO'S APPROVAL. THEN, THE ORGANIZATION PROVIDES THE REQUESTING PARTY A COPY OF THE DOCUMENTS. |
| FORM 990, PART IX, LINE 11G | CONSULTING EXPENSE 0 447,267 0 CEO SEARCH FEES 0 157,868 0 PROFESSIONAL FEES 0 788,751 0 RESEARCH EXPENSES 0 47,025 0 PAYROLL PROCESSING 0 1,499 0 TOTAL 0 1,442,410 0 |
| FORM 990, PART XI, LINE 9 | BOOK/TAX DEPRECIATION DIFFERENCE 8,639 |
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