2020-04-20T13:21:32-05:00 2019-06-30 850214336 JOHNSON MILLER & CO CPA'S PC 550 W TEXAS AVE STE 1000 MIDLAND TX 797014279 990 2018-07-01 830931988 PERMIAN STRATEGIC PARTNERSHIP INC PERM 4322620588 500 WEST TEXAS AVE STE 900 MIDLAND TX 79701 DON EVANS EXECUTIVE CHAIRMAN 4322620588 2020-04-01 true RODRIGO O AGUILAR JR P01403742 4326831835 2020-04-20 52.38.98.93 2020-04-20 13:21:32 CD P A3EDA5FE265B15B2E42B45252ABBAEBCB7844816 EFD8FC639CF775E28C1C79C9FA2852EEFAC5B1AE 2018 2020-09-23 17:36:50Z X DON EVANS 500 W TEXAS ST STE 900 MIDLAND TX 79701 7938058 false X WWW.PERMIANPARTNERSHIP.ORG X 2018 TX 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. 19 19 2 0 0 7926875 11183 0 7938058 0 0 2879872 0 0 1955760 4835632 3102426 4209447 1098382 3111065 X 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. false false SEE OTHER EXEMPT PURPOSE 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. false false false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 0 0 2 true false false false false false false false false X 19 19 false false false false true true true true true false false true true false false true true true false false X TRACEE BENTLEY 4326844411 500 W TEXAS AVE STE 900 MIDLAND TX 79701 DON EVANS EXECUTIVE CH 40.00 X X 712500 0 0 TRACEE BENTLEY CEO 40.00 X X 0 0 0 JOHN CHRISTMANN DIRECTOR 1.00 X 0 0 0 JEFF GUSTAVSON TREASURER 1.00 X X 0 0 0 TOM JORDAN DIRECTOR 1.00 X 0 0 0 TIM LEACH DIRECTOR 1.00 X 0 0 0 DOMINIC MACKLON DIRECTOR 1.00 X 0 0 0 TRAVIS STICE DIRECTOR 1.00 X 0 0 0 CHARLES MELOY DIRECTOR 1.00 X 0 0 0 STAALE GJERVIK DIRECTOR 1.00 X 0 0 0 JEFF MILLER DIRECTOR 1.00 X 0 0 0 MARK BERG VICE CHAIRMA 1.00 X X 0 0 0 AMIR GERGES DIRECTOR 1.00 X 0 0 0 DAVE LAWLER DIRECTOR 1.00 X 0 0 0 DAVID HAGAR DIRECTOR 1.00 X 0 0 0 DOUG SUTTLES DIRECTOR 1.00 X 0 0 0 BILL THOMAS DIRECTOR 1.00 X 0 0 0 VICKI HOLLUB DIRECTOR 1.00 X 0 0 0 MATT GALLAGHER DIRECTOR 1.00 X 0 0 0 WILLIE CHIANG DIRECTOR 1.00 X 0 0 0 JF POUPEAU DIRECTOR 1.00 X 0 0 0 LINDSEY DINGMORE MEMBER DELEG 1.00 X 0 0 0 JEFF JOHNSTON SECRETARY 1.00 X 0 0 0 BARRY THOMAS GENERAL COUN 1.00 X 0 0 0 SCOTT KIDWELL VICE PRESIDE 1.00 X 0 0 0 MIKE WISE VICE PRESIDE 40.00 X 140000 0 0 852500 2 true true false MEMBERSHIP CONTRIBUTIONS 7926875 7926875 7926875 11183 11183 7938058 7926875 11183 X 2730542 2730542 70435 70435 78895 78895 70613 70613 13996 13996 1442410 1442410 4148 4148 2560 2560 36934 36934 38864 38864 64016 64016 8987 8987 10328 10328 GENERAL & ADMINISTRATIVE 224958 224958 EXCISE TAXES 30275 30275 MEALS & ENTERTAINMENT 5583 5583 BANK FEES 1425 1425 663 663 4835632 0 4835632 0 4200808 8987 348 8639 0 4209447 609023 489359 0 1098382 X 11183 3099882 0 3111065 0 4209447 X 3102426 8639 X false true X true false 8987 348 8639 8639 7938058 7938058 7938058 4826993 4826993 8639 8639 4835632 SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK/TAX DEPRECIATION DIFFERENCE 8,639 X false false false DON EVANS EXECUTIVE CHAIRMAN 437500 275000 712500 MIKE WISE VICE PRESIDENT 40000 100000 140000 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