PERMIAN BASIN MEDICAL CENTER: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PERMIAN BASIN MEDICAL CENTER (EIN 92-3727451)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-14
IRS object ID
202503189349313730
Schema version
2024v5.2
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

FieldValueIRS element (for citing)
Return2025-11-14T16:21:07-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN750786316PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WEAVER AND TIDWELL LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12300 N FIELD ST STE 1000AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN923727451EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PERMIAN BASIN MEDICAL CENTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPERMBusinessNameControlTxt
Phone4322211584PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 W MISSOURI FLOOR 4AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRUSSELL MEYERSPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone4322211584PhoneNum
Signature2025-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSARA BURKHARTPreparerPersonNm
PTINP01435955PTIN
Phone9724901970PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerRUSSELL MEYERSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 W MISSOURI FLOOR 4AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79701ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,478,102GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2022FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionPBMC WAS ORGANIZED TO, AMONG OTHER THINGS, (A) PROMOTE AND PROVIDE FOR OR ASSIST IN THE ESTABLISHMENT, SUPPORT AND MAINTENANCE OF PROGRAMS AND FACILITIES WITHIN THE PERMIAN BASIN REGION OF WEST TEXAS FOR MEDICAL, DENTAL AND NURSING EDUCATION AND OTHER PHASES OF HEALTH AND MEDICAL EDUCATION FOR HOSPITALIZATION AND TREATMENT OF PERSONS REQUIRING MEDICAL TREATMENT AND FOR RESEARCH IN THE FIELD OF HEALTH AND SCIENCE OF MEDICINE AND DENTISTRY AND (B) PROMOTE OR ASSIST THE NONPROFIT CHARITABLE, EDUCATIONAL, MEDICAL CARE AND RESEARCH INSTITUTIONS LOCATED WITHIN THE BOUNDARIES OF A MEDICAL CENTER IN THE PERMIAN BASIN REGION OF WEST TEXAS TO BE DEVELOPED BY PBMC (THE MEDICAL CENTER), BY PROVIDING SERVICES TO SUCH INSTITUTIONS OF THEIR FACILITIES LOCATED WITHIN SUCH BOUNDARIES AND EACH SUCH INSTITUTION'S USE OF SUCH FACILITIES WHILE IT IS OPERATING WITHIN SUCH BOUNDARIES, WITH A VIEW TO ESTABLISHING AND MAINTAINING WITHIN SUCH BOUNDARIES A COORDINATED AND MUTUALLY BENEFICIAL ENVIRONMENT.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,079,306PYContributionsGrantsAmt
CY Contributions Grants$2,478,102CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,079,306PYTotalRevenueAmt
CY Total Revenue$2,478,102CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$969,968PYOtherExpensesAmt
CY Other Expenses$2,086,006CYOtherExpensesAmt
PY Total Expenses$969,968PYTotalExpensesAmt
CY Total Expenses$2,086,006CYTotalExpensesAmt
PY Revenues Less Expenses$1,109,338PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$392,096CYRevenuesLessExpensesAmt
Total Assets BOY$2,848,798TotalAssetsBOYAmt
Total Assets EOY$13,286,346TotalAssetsEOYAmt
Total Liabilities BOY$1,347,460TotalLiabilitiesBOYAmt
Total Liabilities EOY$11,231,522TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,501,338NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,054,824NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO ENHANCE THE QUALITY AND ACCESSIBILITY OF HEALTHCARE SERVICES IN THE PERMIAN BASIN REGION OF WEST TEXAS AND SOUTHEASTERN NEW MEXICO.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$952,171ExpenseAmt
DescPBMC WAS ORGANIZED TO, AMONG OTHER THINGS, (A) PROMOTE AND PROVIDE FOR OR ASSIST IN THE ESTABLISHMENT, SUPPORT AND MAINTENANCE OF PROGRAMS AND FACILITIES WITHIN THE PERMIAN BASIN REGION OF WEST TEXAS FOR MEDICAL, DENTAL AND NURSING EDUCATION AND OTHER PHASES OF HEALTH AND MEDICAL EDUCATION FOR HOSPITALIZATION AND TREATMENT OF PERSONS REQUIRING MEDICAL TREATMENT AND FOR RESEARCH IN THE FIELD OF HEALTH AND SCIENCE OF MEDICINE AND DENTISTRY AND (B) PROMOTE OR ASSIST THE NONPROFIT CHARITABLE, EDUCATIONAL, MEDICAL CARE AND RESEARCH INSTITUTIONS LOCATED WITHIN THE BOUNDARIES OF A MEDICAL CENTER IN THE PERMIAN BASIN REGION OF WEST TEXAS TO BE DEVELOPED BY PBMC (THE MEDICAL CENTER), BY PROVIDING SERVICES TO SUCH INSTITUTIONS OF THEIR FACILITIES LOCATED WITHIN SUCH BOUNDARIES AND EACH SUCH INSTITUTION'S USE OF SUCH FACILITIES WHILE IT IS OPERATING WITHIN SUCH BOUNDARIES, WITH A VIEW TO ESTABLISHING AND MAINTAINING WITHIN SUCH BOUNDARIES A COORDINATED AND MUTUALLY BENEFICIAL ENVIRONMENT.Desc
Total Program Service Expenses$952,171TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonREBBECCA L RICHEYPersonNm
Phone4322211645PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1125 W MISSOURI FLOOR 4AddressLine1Txt
CityMIDLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79701ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
STEVEN STEEN
DIRECTOR1.00Yes (X)$0$0$0
TRACEE BENTLEY
DIRECTOR1.00Yes (X)$0$0$0
GRANT BILLINGSLEY
DIRECTOR1.00Yes (X)$0$0$0
KIRK EDWARDS
DIRECTOR1.00Yes (X)$0$0$0
MARK BERG
DIRECTOR1.00Yes (X)$0$0$0
BRYN DODD
DIRECTOR1.00Yes (X)$0$0$0
JACK HARPER
DIRECTOR1.00Yes (X)$0$0$0
COLLIN SEWELL
DIRECTOR1.00Yes (X)$0$0$0
DON EVANS
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
TRAVIS STICE
PRESIDENT1.00Yes (X)$0$0$0Yes (X)
TIM LEACH
VICE PRESIDENT1.00Yes (X)$0$0$0Yes (X)
MARC DINGLER
SECRETARY1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,478,102AllOtherContributionsAmt
Total Contributions$2,478,102TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,478,102TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$39,812TotalAmt
Management And General$39,812ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,219TotalAmt
Management And General$23,219ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,568TotalAmt
Management And General$6,568ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$28,924TotalAmt
Management And General$28,924ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$14,171TotalAmt
Management And General$14,171ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,033TotalAmt
Management And General$20,033ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
REIMBURSED SALARIES$699,790$699,790
INFRASTRUCTURE$547,250$547,250
DEVELOPMENT$404,921$404,921
REGIONAL HEALTHCARE PLA$275,296$275,296

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$26,022TotalAmt
Management And General$26,022ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,086,006TotalAmt
Program Services$952,171ProgramServicesAmt
Management And General$1,133,835ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,618,652BOYAmt
EOY$12,873,398EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$392,000LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,230,146BOYAmt
EOY$392,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$20,948EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,848,798BOYAmt
EOY$13,286,346EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$134,960BOYAmt
EOY$110,250EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,212,500BOYAmt
EOY$11,100,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$21,272EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,347,460BOYAmt
EOY$11,231,522EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$817,476EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,501,338BOYAmt
EOY$1,237,348EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,501,338BOYAmt
EOY$2,054,824EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,848,798BOYAmt
EOY$13,286,346EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$392,096ReconcilationRevenueExpnssAmt
Prior Period Adjustments$161,390PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,079,306CurrentTaxYearMinus1YearAmt
Current Tax Year$2,478,102CurrentTaxYearAmt
Total$6,807,408TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,079,306CurrentTaxYearMinus1YearAmt
Current Tax Year$2,478,102CurrentTaxYearAmt
Total$6,807,408TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,079,306CurrentTaxYearMinus1YearAmt
Current Tax Year$2,478,102CurrentTaxYearAmt
Total$6,807,408TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,079,306CurrentTaxYearMinus1YearAmt
Current Tax Year$2,478,102CurrentTaxYearAmt
Total$6,807,408TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$0PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$2,250,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,079,306CurrentTaxYearMinus1YearAmt
Current Tax Year$2,478,102CurrentTaxYearAmt
Total$6,807,408TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART III, SHORT YEAR EXPLANATIONFormAndLineReferenceDesc
ExplanationTHE ORGANIZATIONAL DOCUMENTS WERE SIGNED ON SEPTEMBER 27, 2022, THEREFORE, THE 2022 TAX YEAR IS REPORTING A SHORT-YEAR RETURN.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$392,000OtherCostOrOtherBasisAmt
Book Value$392,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$392,000TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE LIABILITIESDesc
Amt$21,272Amt
FieldValueIRS element (for citing)
Total Liability$21,272TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,478,102TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,478,102RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,478,102TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,086,006TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,086,006ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,086,006TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE BEACON IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE BEACON AND RECOGNIZE A TAX LIABILITY OF THE BEACON HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE BEACON AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE BEACON IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2TRAVIS STICE AND MARC DINGLER HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 3PERMIAN BASIN MEDICAL CENTER CONTRACTS WITH MIDLAND MEMORIAL FOUNDATION DEVELOPMENT FOR MANAGEMENT.
FORM 990, PART VI, SECTION A, LINE 8BTHERE WERE NO SEPARATE COMMITTEES WITH MEETINGS OR WRITTEN ACTIONS UNDERTAKEN TO DOCUMENT.
FORM 990, PART VI, SECTION B, LINE 11BDEVELOPED BY CONSULTING ACCOUNTING GROUP WITH ASSISTANCE OF CEO; REVIEWED BY BOARD MEMBERS PRIOR TO SUBMITTAL.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

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