2018-04-26T10:17:28-07:00 2017-12-31 990 2017-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 3312 Andrews Highway Midland TX 79703 Guy McCrary President and CEO 4326173213 2018-05-10 2017 2022-09-23 18:48:47Z X Guy McCrary 3312 Andrews Highway Midland TX 79703 93515471 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. 14 14 9 114 -521374 -607489 4464642 17572107 0 0 2943899 29607261 3647161 3620214 11055702 50799582 8090329 7551042 0 0 890708 952777 0 0 174414 1215640 1355624 10196677 9859443 859025 40940139 127393358 174046938 641600 45000 126751758 174001938 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 7898103 7551042 0 Community capacity building programs: 642 grants to various non-profit organizations and scholarships to individuals; based on approved grant and scholarship applications. 0 0 0 7898103 1 1 0 0 0 1 0 0 0 1 1 0 0 1 0 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 19 0 0 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Cyndi Vara 4326173213 3312 Andrews Highway Midland TX 79703 Mark Nicholas Chair 2 0 X X 0 0 0 Cal Hendrick Vice-Chair 1 0 X X 0 0 0 Mike Canon Past Chair 1 0 X X 0 0 0 Mara Barham Secretary 1 0 X X 0 0 0 Scott Kidwell Treasurer 1 0 X X 0 0 0 James Flatt Director 1 0 X 0 0 0 Stacey Gerig Director 1 0 X 0 0 0 Bryan Heflin Director 1 0 X 0 0 0 Patty Herd Director 1 0 X 0 0 0 John Landgraf Director 1 0 X 0 0 0 Sandy Louder Director 1 0 X 0 0 0 Todd Meade Director 1 0 X 0 0 0 Sande Melton Director 1 0 X 0 0 0 Jerry Morales Director 1 0 X 0 0 0 Guy McCrary President and CEO 40 2 X 205148 0 37410 Cyndi Vara Controller 40 1 X 140927 0 34538 Aaron Bedell Executive Associate 40 1 X 101108 0 19351 447183 0 91299 3 0 1 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 580531 UBS Financial Services Inc 1700 West Wall Street Midland TX 79701 Investment Consultant and Management Services 121325 2 0 0 66586 8410058 0 9095463 2909021 17572107 0 3047343 0 -521374 3568717 0 0 0 0 3600810 0 0 3600810 0 0 49242159 20000000 42682241 0 6559918 20000000 26559918 0 0 26559918 33648 66586 33648 0 0 0 Other Income 900099 19404 0 0 19404 0 0 0 0 19404 50799582 0 -521374 33748849 7054780 7054780 496262 496262 0 0 0 0 242558 50599 148468 43491 0 0 0 0 560756 168815 377244 14697 42979 9666 32097 1216 53657 16228 36273 1156 52827 15501 34207 3119 0 0 0 0 31814 0 31814 0 57960 0 57960 0 0 0 0 0 0 0 794668 0 794668 0 9620 6123 3302 195 8894 523 0 8371 22629 6610 14350 1669 88524 18509 67881 2134 0 0 0 0 85204 23857 56235 5112 6544 4766 601 1177 0 0 0 0 8668 3534 5037 97 0 0 0 0 0 0 0 0 8746 2449 5772 525 68967 2572 7150 59245 Ad Valorem Mineral Taxes 87719 0 87719 0 Event Sponsorships 28756 2500 0 26256 Annual Report 11106 0 11106 0 Dues and Memberships 9818 2749 6480 589 25987 12060 8562 5365 9859443 7898103 1786926 174414 168452 325427 4022516 9760003 0 0 6857 16316 0 0 0 0 0 0 0 0 29660 43789 569724 101556 22095 468168 104348330 142070428 0 0 0 0 0 0 18795448 21362807 127393358 174046938 0 0 641600 45000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 641600 45000 X 116496697 162945874 8209853 9006439 2045208 2049625 126751758 174001938 127393358 174046938 X 40940139 5822733 0 0 0 487308 X 0 1 X 1 0 X 8896501 10593284 2704145 4464642 9972107 36630679 0 0 0 0 0 0 0 0 0 0 0 0 8896501 10593284 2704145 4464642 9972107 36630679 8594923 28035756 4305195 8337931 8404063 6259004 6648153 33954346 0 0 0 0 0 0 6660 4894 1552 18074 19404 50584 70635609 0 0.39691 0.43012 X Schedule A, Part II, Line 10 miscellaneous income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62 57 6575419 945975 3307146 445537 38147531 13458688 1 1 105268347 29494041 12879434 4941092 0 935294 141765436 100587542 3764712 7488528 5770106 0 802329 105268347 102187593 10344457 -1035057 10120311 0 789140 100587542 90249096 13995670 8131059 9396745 0 791487 102187593 75845955 10577190 13835855 9324053 0 685851 90249096 0.92 0.02 0.06 0 0 0 302813 302813 0 0 0 0 0 0 0 0 0 266911 101556 165355 0 0 0 0 468168 Accrued interest receivable 41710 Beneficial interest in remainder trust 1522048 Beneficial interest in lead trust 1127778 Beneficial interest in perpetual trust 49625 Oil and gas royalties 16171597 Building development costs 2288093 Cash surrender value of life insurance 161956 21362807 0 0 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 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 2014. Golf Tournament 100234 66586 33648 0 0 0 0 0 33648 0 0 100234 66586 33648 0 0 0 0 0 33648 33648 0 1 Abilene Christian University Abilene Christian Universtiy Press ACU Box 29138 Abilene TX 79699 750851900 501c3 10000 0 Education African Childrens Schools 1400 Fieldspring Drive Bakersfield CA 93311 811490071 501c3 25000 0 education Alamo Heights Baptist Church 1305 North Midland Drive Midland TX 79703 751888207 501c3 8000 0 religion Aphasia Access 405 North Stanwick Road Moorestown NJ 08057 465220980 501c3 10000 0 Health services Aphasia Center of West Texas 5214 Thomason Drive Midland TX 79703 020618732 501c3 59840 0 Health and Human Services Arise Africa Inc 1628 Fairmount Avenue Fort Worth TX 76104 272014915 501c3 280000 0 health and human services Arts Council of Midland 1506 West Illinois Avenue Midland TX 79701 751894442 501c3 25000 0 culture and the arts Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501c3 74222 0 religion Basin PBS PO Box 8940 Midland TX 79708 203221344 501c3 70000 0 culture and the arts Be The Change Permian Basin PO Box 52643 Midland TX 79710 461288541 501c3 10000 0 community services Big Bend Conservancy PO Box 200 Big Bend National Park TX 79834 752670331 501c3 20000 0 culture and the arts Billy Graham Evangelistic Association 1 Billy Graham Parkway Charlotte NC 28201 410692230 501c3 10400 0 religion Borderlands Research Institute for Natural Resource Management Sul Ross State University PO Box C21 Alpine TX 79832 753138496 501c3 25350 0 Education Boys and Girls Club Of Odessa 800 East 13th Street Odessa TX 79761 750990952 501c3 49540 0 youth Bridges for Peace BFP International 5800 East Skelly Drive Suite 900 Tulsa OK 74135 753077433 501c3 17600 0 religion Buckner Children and Family Services PO Box 50872 Midland TX 79710 752571395 501c3 45000 0 family services Buffalo Trail Council BSA 1101 West Texas Avenue Midland TX 79701 750800616 501c3 101000 0 youth Bush Tennis Center 5700 Briarwood Avenue Midland TX 79707 261105431 501c3 76740 0 youth Bynum School PO Box 80175 Midland TX 79708 751932925 501c3 96008 0 education COM Aquatics 3003 North A Street Midland TX 79705 751254435 501c3 64679 0 human services Camp Fire USA West Texas Council PO Box 50988 Midland TX 79710 751298543 501c3 5984 0 youth Casa de Amigos 1101 East Garden Lane Midland TX 79701 751240087 501c3 25932 0 Community development CASA of West Texas 1611 West Texas Midland TX 79701 752871945 501c3 40000 0 family services Cassatt in the Basin 6500 Eastridge Road Apt 71 Odessa TX 79762 813039670 501c3 12000 0 culture and the arts Catholic Charities Community Services of Odessa 2500 Andrews Highway Odessa TX 79761 752233859 501c3 45000 0 Health and Human Services CBM Ministries of the Great Southwest PO Box 1058 Edmond OK 73083 731492684 501c3 7200 0 religion Centers for Children and Families 3701 Andrews Highway Midland TX 79703 751005357 501c3 58719 0 family services Chihuahuan Desert Research Institute PO Box 905 Fort Davis TX 79734 237393204 501c3 20000 0 Education Christ Church Anglican 5500 West 91st Street Overland Park KS 66207 020742559 501c3 9750 0 religion Christchurch School 49 Seahorse Lane Christchurch VA 23031 510236362 501c3 10000 0 education Christmas in Action of Midland PO Box 3744 Midland TX 79702 751731319 501c3 70079 0 Community development Church on Wheels PO Box 9402 Midland TX 79708 752758174 501c3 35000 0 Health and Human Services City of Midland PO Box 1152 Midland TX 79702 756000608 Govt 18987 0 community Communities In Schools of the Permian Basin PO Box 10532 Midland TX 79702 752821486 501c3 56000 0 education Community Childrens Clinic PO Box 3328 Midland TX 79702 751875246 501c3 13169 0 Health services Crisis Center 910B South Grant Odessa TX 79761 751767204 501c3 35000 0 family services Downtown Leakey Inc PO Box 441 Leakey TX 78873 473846841 501c3 10000 0 community development Drumright Independent School District 502 West 2nd Street Drumright OK 74030 736026798 GOVT 14352 0 education Education Foundation of Odessa PO Box 951 Odessa TX 79760 752862209 501c3 134608 0 education Evergreen Cemetery Association PO Box 224 Stanton TX 79782 751592717 501c3 19299 0 community Family Crisis Center of the Big Bend PO Box 1470 Alpine TX 79831 751897981 501c3 10000 0 Health and Human Services Family Promise of Midland 3500 North A Street Suite 1400 Midland TX 79705 271003573 501c3 30102 0 family services First Presbyterian Church 800 West Texas Midland TX 79701 750983832 501c3 78767 0 youth and education Fort Davis Higher Education Foundation PO Box 335 Fort Davis TX 79734 061653768 501c3 50200 0 education Fort Stockton Community Theatre PO Box 912 Fort Stockton TX 79735 751843330 501c3 100000 0 culture and the arts Friends Of The Crockett County Library PO Box 3030 Ozona TX 76943 752198848 501c3 6495 0 Education Friends of the Jeff Davis County Library PO Box 425 Fort Davis TX 79734 262817908 501c3 7500 0 Education Girl Scouts of the Desert Southwest 5217 North Dixie Boulevard Odessa TX 79762 741189693 501c3 80000 0 education and youth Gladney Center for Adoption 6300 John Ryan Drive Fort Worth TX 76132 750917409 501c3 25000 0 education and youth Globe Theatre co Ms Becky Williams 2626 JBS Parkway Suite A200 Odessa TX 79761 756036127 501c3 12321 0 culture and the arts Greater Ideal Family Life Center 301 South Tyler Midland TX 79701 043743673 501c3 50000 0 religion Harmony Home Childrens Advocacy Center PO Box 3087 Odessa TX 79760 751633415 501c3 5510 0 family services Hillcrest School 2800 North A Street Midland TX 79705 752468032 501c3 12103 0 education Historic Cane Hill Inc PO Box 756 Lincoln AR 72744 710653475 501c3 550000 0 Culture Holy Trinity Episcopal Church 1412 West Illinois Midland TX 79701 751256947 501c3 25000 0 education Isaiah 58 PO Box 1103 Big Spring TX 79721 752760470 501c3 64000 0 Health and Human Services Jeff Davis County Ambulance Service PO Box 1063 Fort Davis TX 79734 746003191 501c3 25000 0 Community development Junior Achievement of the Permian Basin 306 West Wall Suite 827 Midland TX 79701 750944915 501c3 25000 0 education and youth Junior League of Midland 902 West Dengar Midland TX 79705 751005294 501c3 50000 0 community services Lamesa Boys and Girls Club PO Box 826 Lamesa TX 79331 751076737 501c3 60000 0 education and youth Leakey ISD Leakey Scholarship Fund PO Box 1129 Leakey TX 78873 746001593 Govt 28750 0 education Learning Ally 20 Roszel Road Princeton NJ 08540 131659345 501c3 10000 0 education Make A Wish Foundation of North Texas 407 North Big Spring Suite 208 Midland TX 79701 751889666 501c3 50000 0 family services Marfa Education Foundation PO Box 660 Marfa TX 79843 274545608 501c3 55000 0 Education Marfa Public Radio PO Box 238 Marfa TX 79843 562497864 501c3 15000 0 Arts and Culture Martin County Community Fund PO Box 1189 Stanton TX 79782 200641203 501c3 35000 0 community services Midland Bible Church 5900 Whitman Midland TX 79705 751448418 501c3 150000 0 Religion Midland Classical Academy 5711 Whitman Drive Midland TX 79705 752760945 501c3 10000 0 education Midland College Foundation 3600 North Garfield Midland TX 79705 237315067 501c3 124800 0 education Midland Community Development Corporation 208 South Marienfeld Midland TX 79701 752280264 501c3 50000 0 community development and houseing Midland Community Theatre 2000 West Wadley Ave Midland TX 79705 756003774 501c3 30000 0 culture and the arts Midland Downtown Lions Club Foundation 200 Plaza Street Midland TX 79701 752456179 501c3 15000 0 community services Midland Fair Havens 2400 Whitmire Boulevard Suite 100 Midland TX 79705 752627746 501c3 50350 0 human services Midland Festival Ballet PO Box 52034 Midland TX 79710 752510710 501c3 15250 0 Arts and Culture Midland Historical Society PO Box 5901 Midland TX 79704 811226056 501c3 10000 0 education Midland Humane Coalition PO Box 53213 Midland TX 79710 273102777 501c3 37700 0 human services Midland Memorial Foundation 400 Rosalind Redfern Grover Parkway Midland TX 79701 750827455 501c3 8832 0 health Midland Need to Read 1709 West Wall Midland TX 79701 752044292 501c3 10300 0 education and youth Midland Odessa Area AIDS Support 800 West Texas Suite 230 Midland TX 79701 752470417 501c3 10000 0 Health and Human Services Midland Teen Court 615 West Missouri Avenue Suite 226 Midland TX 79701 752503655 501c3 12000 0 youth Midland West Rotary PO Box 5303 Midland TX 79704 756067727 501c3 10000 0 community services Midland Odessa Symphony and Chorale PO Box 60658 Midland TX 79711 751301544 501c3 106171 0 Arts and Culture Monahans Kids Zone 201 South Alice Monahans TX 79756 432025340 501c3 26824 0 youth Multiple Sclerosis Society South Central Region 1031 Andrews Highway Suite 304C Midland TX 79701 741266225 501c3 5383 0 health and human services Muscular Dystrophy Association 600 North Marienfeld Suite 840 Midland TX 79701 131665552 501c3 35000 0 Health and Human Services Museum of the Big Bend PO Box C101 Alpine TX 79832 746000027 501c3 25000 0 education Museum of the Southwest 1705 West Missouri Avenue Midland TX 79701 751229711 501c3 50000 0 Arts and Culture Northside Community Center PO Box 1974 Big Spring TX 79720 751954717 501c3 25000 0 community services Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501c3 13574 0 education Odessa Christmas in Action PO Box 15075 Odessa TX 79768 752258032 501c3 35500 0 community development and houseing Odessa College Foundation 201 West University Odessa TX 79764 752655037 501c3 39500 0 education Odessa Family YMCA 3001 East University Blvd Odessa TX 79762 751187026 501c3 25000 0 education and youth Odessa Links 119 West 4th Street Suite 201 Odessa TX 79761 752943130 501c3 20000 0 community services Our Lady of Guadalupe Catholic Church PO Box 1488 Fort Stockton TX 79735 371766545 501c3 10000 0 Religion Ozona Community Center Inc PO Box 41 Ozona TX 76943 751897769 501c3 25000 0 education and youth Palmer Drug Abuse Program 1208 West Wall Street Midland TX 79701 751847433 501c3 7884 0 health services Partners Relief and Development PO Box 912418 Denver CO 80291 223786806 501c3 45000 0 human services Permian Basin Fair and Expo 218 West 46th Street Odessa TX 79764 752561289 501c3 7458 0 education Permian Basin Fellowship of Christian Athletes 3500 North A Street Suite 2600 Midland TX 79705 440610626 501c3 65000 0 education and youth Permian Basin Honor Flight PO Box 52890 Midland TX 79710 472215544 501c3 25000 0 community services Permian Basin Rehabilitation Center 620 North Alleghaney Odessa TX 79761 750866501 501c3 85000 0 Health and Human Services Permian Historical Society co Doctor J Tillapaugh 1517 Englewood Lane Odessa TX 79761 751633051 501c3 6000 0 Education Polo on the Prairie PO Box 4470 Houston TX 77210 746000203 501c3 25000 0 Health and Human Services Presbyterian Childrens Homes Services 5920 W William Cannon Bldg 3 Austin TX 78749 750818172 501c3 20000 0 education and youth Presbyterian Disaster Assistance Presbyterian Church USA PO Box 643700 Pittsburgh PA 15264 133462549 501c3 20000 0 Disaster Relief Rays of Hope 900 West Wall Midland TX 79701 751736007 501c3 14623 0 family services Recording Library of West Texas 3500 North A Street Suite 2800 Midland TX 79705 237075064 501c3 12397 0 Community Services Rock the Desert 2000 South FM 1788 PO Box 61377 Midland TX 79711 300062891 501c3 10000 0 religion SHARE 3500 North A Street Suite 2500 Midland TX 79705 262780706 501c3 60000 0 community services Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501c3 25100 0 community services Salvation Army of Midland 300 South Baird Midland TX 79701 750800678 501c3 25739 0 human services Salvation Army of Odessa 810 East 11th Street Odessa TX 79761 750800678 501c3 50000 0 community services SCI Foundation 4800 West Gates Pass Road Tucson AZ 85745 860292099 501c3 10000 0 conservation Scurry County Museum 6200 College Ave Snyder TX 79549 237171600 501c3 35000 0 culture and the arts Sibley Nature Center 1307 East Wadley Midland TX 79705 201991058 501c3 65000 0 culture and the arts Snyder Community Resource Center PO Box 1133 Snyder TX 79550 471138662 501c3 15000 0 community services Southwest Radio Church of the Air 500 Beacon Drive Oklahoma City OK 73127 730712306 501c3 14400 0 religion Special Olympics Texas 1804 Rutherford Lane Austin TX 78752 741998367 501c3 11011 0 Health and Human Services Springboard Center 200 Corporate Drive Midland TX 79705 752805439 501c3 202500 0 health and human services Saint Andrews Presbyterian Mission 1708 North Fort Worth Street Midland TX 79701 751468417 501c3 20000 0 community services Saint John the Divine Episcopal Church and School 2450 River Oaks Boulevard Houston TX 77019 741222250 501c3 6000 0 Human Services Saint Johns Episcopal Church PO Box 3346 Odessa TX 79760 756004798 501c3 15697 0 religion Saint Johns Episcopal School PO Box 3046 Odessa TX 79760 752015719 501c3 20319 0 education Saint Johns School 2401 Claremont Lane Houston TX 77019 741185668 501c3 10000 0 youth and education Stepping Stone Ministry PO Box 50092 Midland TX 79710 208625638 501c3 35000 0 religion Sul Ross University Student Financial Aid Box C113 Alpine TX 79832 746000027 501c3 10000 0 education Sunshine House Inc 205 East Sul Ross Avenue Alpine TX 79830 741989614 501c3 75000 0 community development and houseing Teen Challenge PO Box 251 Midland TX 79702 751757538 501c3 45000 0 community services Teen FLOW PO Box 733 Midland TX 79702 752899609 501c3 20833 0 youth services Texas Baptist Men 5351 Catron Dallas TX 75227 752873370 501c3 115000 0 human services Texas Tech Foundation PO Box 41081 Lubbock TX 79409 756043842 501c3 55000 0 education Texas Tech University Scholarship Office PO Box 45011 Lubbock TX 79409 756002622 quasi govt 7046 0 education The Association of Former Students Texas A and M University 505 George Bush Drive College Station TX 77840 740490865 501c3 15000 0 Education The Blackwell School Alliance PO Box 417 Marfa TX 79843 900424177 501c3 10000 0 education The Grace Foundation 3705 College Park Drive Suite 140 The Woodlands TX 77384 364793159 501c3 600000 0 Education The HORSE Center 2300 ECR 140 Midland TX 79706 300192653 501c3 125000 0 Health and Human Services The Life Center 2101 West Wall Midland TX 79701 751663590 501c3 145459 0 Health and Human Services The Midst PO Box 1972 Midland TX 79705 815386522 501c3 33000 0 Health and Human Services Trinity School of Midland 3500 West Wadley Midland TX 79707 750995808 501c3 49319 0 education United Way of Big Spring PO Box 24 Big Spring TX 79721 756003906 501c3 30000 0 community services United Way of Midland 1209 West Wall Midland TX 79701 750945926 501c3 43733 0 community services United Way of Odessa PO Box 632 Odessa TX 79760 750838777 501c3 63125 0 Health and Human Services University of Texas of the Permian Basin Office of Institutional Advancement 4901 East University Blvd Odessa TX 79762 751393493 GOVT 46000 0 Education Unlock Ministries PO Box 7742 Midland TX 79708 752959142 501c3 40000 0 religion West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501c3 33487 0 Human Services Western Texas Lions Eye Bank Alliance PO Box 2911 San Angelo TX 76905 237203051 501c3 20000 0 human services Worldview Academy PO Box 2918 Midland TX 79702 461822989 501c3 100000 0 education 147 0 Educational 262 496262 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 195148 0 10000 0 0 0 0 0 37410 0 242558 0 0 0 Cyndi Vara Controller 135927 0 5000 0 0 0 0 0 34538 0 175465 0 0 0 X 10 2606208 fair market value X 1 302813 fair market value 0 0 1 0 Form 990, Part VI, Section B, Line 11b The staff Controller 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. 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 oil and gas royalties $18,810; change in value of split interest agreement $464,081; change in value of perpetual trust $4,417 West Texas Heritage Holdings Inc c/o Guy McCrary 200 N Loraine Ste 500 Midland TX 79701 271928634 supporting organization TX 501(c)(3) Public Charity N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 West Texas Heritage Holdings Inc c 8410058 fair market value on date of grant West Texas Heritage Holdings Inc l 16316 assessment of fee based on transactions processed for related organization