2017-04-27T16:17:16-07:00 2016-12-31 990 2016-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 200 N Loraine St Ste 500 Midland TX 79701 Guy McCrary President and CEO 4326173213 2017-04-30 205.201.66.152 2016 2021-01-29 14:40:06Z Guy McCrary 200 North Loraine Suite 500 Midland TX 79701 43058799 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 8 136 -502340 -576199 5706372 4464642 0 0 5204102 2943899 5919558 3647161 16830032 11055702 11119244 8090329 0 0 727607 890708 0 0 180029 1154569 1215640 13001420 10196677 3828612 859025 119470406 127393358 95000 641600 119375406 126751758 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 8464846 8090330 0 Community capacity building programs: 635 grants to various non-profit organizations and scholarships to individuals; based on approved grant and scholarship applications. 0 0 0 8464846 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 8 0 8 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 NM X X Cyndi Vara 4326173213 200 N Loraine Ste 500 Midland TX 79701 Mark Nicholas Chair 1 0 X X 0 0 0 Cal Hendrick Vice-Chair 1 0 X X 0 0 0 Mike Canon Past Chair 0 0 X 0 0 0 Trey Grafa Secretary 0 0 X X 0 0 0 Scott Kidwell Treasurer 1 0 X X 0 0 0 Mara Barham Director 1 0 X 0 0 0 Kathy Clark Director 1 0 X 0 0 0 Cathy Eastham Director 1 0 X 0 0 0 James Flatt Director 1 0 X 0 0 0 Stacey Gerig 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 Jerry Morales Director 1 0 X 0 0 0 Guy McCrary President and CEO 40 2 X 190683 0 34231 Cyndi Vara Controller 40 1 X 132418 0 29430 323101 0 63661 2 0 1 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 526621 UBS Financial Services Inc 1700 West Wall Street Midland TX 79701 Investment Consultant and Management Services 113588 2 0 0 79400 150000 0 4235242 832494 4464642 0 2629917 0 -502340 3132257 0 0 0 0 3629087 0 0 3629087 0 0 32287401 0 31973419 0 313982 0 313982 0 0 313982 29678 79400 29678 0 0 0 Other Income 900099 18074 0 0 18074 0 0 0 0 18074 11055702 0 -502340 7093400 7628821 7628821 461508 461508 0 0 0 0 224915 51032 122851 51032 0 0 0 0 534986 184900 323724 26362 39049 12674 25216 1159 41755 13544 26226 1985 50003 16703 28917 4383 0 0 0 0 0 0 0 0 66186 0 66186 0 0 0 0 0 726157 0 726157 0 11211 9073 2138 0 6932 2416 0 4516 26838 8257 15788 2793 55792 20749 31323 3720 0 0 0 0 84343 26146 49763 8434 6853 3731 1401 1721 0 0 0 0 9958 2836 6457 665 0 0 0 0 0 0 0 0 7710 2390 4549 771 63270 2721 6097 54452 Ad Valorem Mineral Taxes 90470 0 90470 0 Dues and Memberships 13032 4361 7414 1257 Newsletter 11394 4330 3532 3532 Annual Report 10539 0 10539 0 24955 8654 3054 13247 10196677 8464846 1551802 180029 191394 168452 2899250 4022516 0 0 0 6857 0 0 0 0 0 0 0 0 40735 29660 124657 102562 23446 22095 98315820 104348330 0 0 0 0 0 0 17999761 18795448 119470406 127393358 0 0 95000 641600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 95000 641600 X 109502012 116496697 7829122 8209853 2044272 2045208 119375406 126751758 119470406 127393358 X 859025 5604345 0 0 -160287 1073269 X 0 1 X 1 0 X 9854535 8896501 10593284 2704145 4464642 36513107 0 0 0 0 0 0 0 0 0 0 9854535 8896501 10593284 2704145 4464642 36513107 7446020 29067087 3726523 4305195 8337931 8404063 6259004 31032716 0 0 0 0 0 0 2138 6660 4894 1552 18074 33318 67579141 0 0.43012 0.47238 X Schedule A, Part II, Line 10 Miscellaneous Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58 51 1842413 388380 4176264 531590 31790735 11547350 1 1 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 63978502 11942029 7386722 6840319 0 620979 75845955 0.9 0.02 0.08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 124657 102562 22095 0 0 0 0 22095 Accrued Interest Receivable 75153 Beneficial Interest in Remainder Trust 1075856 Beneficial Interest in Lead Trust 1235277 Beneficial Interest in Perpetual Trust 45208 Oil & Gas Royalties 16152787 Building Development Costs 125335 Cash Surrender Value of Life Insurance 85832 18795448 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 2013. Charitable Golf Tournament 109078 79400 29678 0 0 0 0 0 29678 0 0 109078 79400 29678 0 0 0 0 0 29678 29678 0 1 Agape Counseling 3500 North A Street Suite 2400 Midland TX 79705 452450285 501c3 20000 0 Health and Human Services Alamo Heights Baptist Church 1305 N Midland Dr Midland TX 79703 751888207 501c3 10000 0 Religion Alpine Christian School PO Box 2139 Alpine TX 79831 113763276 501c3 10000 0 Education Alzheimers Association STAR Chapter 4400 N Big Spring St Ste C32 Midland TX 79705 133039601 501c3 20000 0 Health and Human Services Arise Africa 316 Bailey Avenue Suite 113 Fort Worth TX 76107 272014915 501c3 39795 0 Human services Ballroom Marfa PO Box 1661 Marfa TX 79843 200126402 501c3 15000 0 arts and culture Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501c3 95132 0 Religion Big Bend Parks and Recreation for Kids 505 E Hendryx Avenue Alpine TX 79830 471381928 501c3 30000 0 Community Development Big Brothers Big Sisters of Midland 714 W Louisiana Midland TX 79701 751791035 501c3 27919 0 Youth Services Billy Graham Evangelistic Association 1 Billy Graham Parkway Charlotte NC 28201 410692230 501c3 13000 0 Religion Borderlands Research Institute for Natural Resource Management Sul Ross State University PO Box C21 Alpine TX 79832 753138496 501c3 15500 0 Education Boys and Girls Club of Midland 1321 S Goode Street Midland TX 79701 751214505 501c3 35000 0 Youth Services Boys and Girls Club Of Odessa 800 E 13th Street Odessa TX 79761 750990952 501c3 85000 0 Youth Services Bridges for Peace BFP International 5800 E Skelly Drive Suite 900 Tulsa OK 74135 753077433 501c3 22000 0 Religion and education Buckner Children and Family Services PO Box 50872 Midland TX 79710 752571395 501c3 75000 0 Family services Buffalo Trail Council BSA 1101 W Texas Avenue Midland TX 79701 750800616 501c3 57145 0 Youth Services Bush Tennis Center 5700 Briarwood Avenue Midland TX 79707 261105431 501c3 32717 0 Health and Human Services Bynum School PO Box 80175 Midland TX 79708 751932925 501c3 1055649 0 Education COM Aquatics 3003 North A Street Midland TX 79705 751254435 501c3 53774 0 community services Casa de Amigos 1101 E Garden Lane Midland TX 79701 751240087 501c3 63151 0 Health and Human Services Catholic Charities Community Services of Odessa 2500 Andrews Highway Odessa TX 79761 752233859 501c3 12500 0 Human services CBM Ministries of the Great Southwest PO Box 1058 Edmond OK 73083 731492684 501c3 9000 0 Religion Centers for Children and Families 3701 Andrews Highway Midland TX 79703 751005357 501c3 47357 0 Health and Human Services Chinati Foundation PO Box 1135 Marfa TX 79843 742340423 501c3 25000 0 arts and culture Christmas in Action of Midland PO Box 3744 Midland TX 79702 751731319 501c3 71910 0 Community Development City of Big Spring Convention and Visitors Bureau 113 E 3rd Street Big Spring TX 79720 756000462 501c3 40000 0 Community Development City of Midland PO Box 1152 Midland TX 79702 756000608 Govt 24346 0 Community Development Communities In Schools of the Permian Basin PO Box 10532 Midland TX 79702 752821486 501c3 60000 0 youth and education Cook Childrens Medical Center 801 7th Avenue Ft Worth TX 76104 752051646 501c3 15000 0 health and human services Dawson Medical Foundation 2200 N Bryan Avenue Lamesa TX 79331 900412535 501c3 200000 0 health and human services Downtown Leakey Inc PO Box 441 Leakey TX 78873 473846841 501c3 38457 0 arts and culture Education Foundation of Odessa PO Box 951 Odessa TX 79760 752862209 501c3 245645 0 Education Ellen Noel Art Museum 4909 E University Blvd Odessa TX 79762 751614818 501c3 8000 0 arts and culture Equip Foundation Inc 2050 Sugarloaf Circle Duluth GA 30097 330686464 501c3 35000 0 Religion Evergreen Cemetery Association PO Box 224 Stanton TX 79782 751592717 501c3 24505 0 Community Development Family Legacy Missions International 5005 W Royal Lane Suite 252 Irving TX 75063 752897392 501c3 6000 0 human services First Presbyterian Church 800 West Texas Midland TX 79701 750983832 501c3 68464 0 Religion First United Methodist Church Fort Worth 800 West Fifth Street Fort Worth TX 76102 750800645 501c3 10000 0 Religion Food Pantry of Jeff Davis PO Box 244 Fort Davis TX 79734 752875263 501c3 10000 0 Community Services Fort Stockton Community Theatre PO Box 912 Fort Stockton TX 79735 751843330 501c3 20000 0 arts and culture Fort Stockton Historical Society 301 S Main Street Fort Stockton TX 79735 741266235 501c3 11000 0 arts and culture Fort Worth Country Day Fund 4200 Country Day Lane Fort Worth TX 76109 751085363 501c3 20100 0 education George W Bush Childhood Home PO Box 8586 Midland TX 79708 752925197 501c3 10000 0 Education George W Bush Foundation 2943 SMU Boulevard Dallas TX 75205 204119317 501c3 100000 0 Education Globe Theatre 2 Preston Oaks Circle Odessa TX 79761 756036127 501c3 14000 0 arts and culture Grand Companions Humane Society PO Box 1156 Fort Davis TX 79734 850586174 501c3 27800 0 animal services Guadalupe Radio Network PO Box 10571 Midland TX 79702 752648137 501c3 15000 0 Arts and Culture Harmony Home Childrens Advocacy Center PO Box 3087 Odessa TX 79760 751633415 501c3 31539 0 Family services Harvard Business School Development Operations Teele Hall Development Operations Teele Hall Soldiers Field Boston MA 02163 043395140 501c3 25000 0 Education Harwood Baptist Church PO Box 93 Harwood TX 78632 742386194 501c3 10000 0 Religion High Sky Childrens Ranch 8701 W County Rd 60 Midland TX 79707 751155049 501c3 60000 0 Family services Hillcrest School 2800 North A Street Midland TX 79705 752468032 501c3 105138 0 education Hospice of Midland 911 W Texas Avenue Midland TX 79701 751736007 501c3 6951 0 Health and Human Services Howard College Student Financial Aid 1001 Birdwell Lane Big Spring TX 79720 756001827 GOVT 6169 0 Education I20 Wildlife Preserve and Jenna Welch Nature Study Center PO Box 2906 Midland TX 79702 261270576 501c3 30000 0 Education Jackson Center for Evangelism PO Box 99 Brownwood TX 76804 860663455 501c3 10000 0 Religion Junior League of Midland 902 W Dengar Midland TX 79705 751005294 501c3 93500 0 community services Kalene Advancement Inc PO Box 206 Angwin CA 94508 811697800 501c3 25000 0 Health and Human Services Keep Midland Beautiful 3500 North A Street Suite 1500 Midland TX 79705 751853375 501c3 30250 0 community development Leakey ISD Leakey Scholarship Fund PO Box 1129 Leakey TX 78873 746001593 Govt 6250 0 education Livada Orphan Care 2001 W Plano Parkway Suite 3430 Plano TX 75075 010576849 501c3 13000 0 Health and Human Services Manor Park 2208 N Loop 250 West Midland TX 79707 751227882 501c3 51500 0 Senior Services MARC 2701 North A Street Midland TX 79705 751038411 501c3 50100 0 Health and Human Services Marfa Education Foundation PO Box 660 Marfa TX 79843 274545608 501c3 25000 0 Education Martin County Community Fund PO Box 1189 Stanton TX 79782 200641203 501c3 25000 0 community services Martin County Convent PO Box 1435 Stanton TX 79782 752284618 501c3 11080 0 community services McDonald Observatory 82 Mt Locke Rd UT Mail Code C1403 McDonald Observatory TX 79734 746000203 501c3 11000 0 Education MD Anderson Cancer Development Office PO Box 4470 Houston TX 77210 746001118 501c3 20500 0 Health and Human Services Midland Bible Church 5900 Whitman Midland TX 79705 751448418 501c3 50000 0 religion Midland Childrens Rehabilitation Center 802 Ventura Avenue Midland TX 79705 750912521 501c3 75000 0 Health and Human Services Midland Classical Academy 5711 Whitman Drive Midland TX 79705 752760945 501c3 10000 0 education Midland College Foundation 3600 N Garfield Midland TX 79705 237315067 501c3 25000 0 Education Midland Community Development Corporation 208 South Marienfeld Midland TX 79701 752280264 501c3 68500 0 Community Development Midland County Public Library Foundation 301 W Missouri Avenue Midland TX 79701 460735772 501c3 6000 0 culture and the arts Midland Fair Havens 2400 Whitmire Blvd Suite 100 Midland TX 79705 752627746 501c3 55250 0 Community Services Midland Gem and Mineral Society PO Box 5043 Midland TX 79704 751173136 501c3 8548 0 arts and culture Midland Habitat for Humanity PO Box 2555 Midland TX 79702 752381356 501c3 145100 0 Community Services Midland Memorial Foundation 400 Rosalind Redfern Grover Parkway Midland TX 79701 750827455 501c3 109944 0 health services Midland Rape Crisis and Childrens Advocacy Center PO Box 10081 Midland TX 79702 751673093 501c3 15000 0 Family services Midland Shared Spaces 3500 N A Street Suite 1100 Midland TX 79705 454737063 501c3 10000 0 community services Midland Odessa Symphony and Chorale PO Box 60658 Midland TX 79711 751301544 501c3 80568 0 arts and culture Mission Health Care 3500 N A Street Suite 1300 Midland TX 79705 752459123 501c3 10000 0 Health and Human Services Monahans Kidz Zone 201 S Alice Monahans TX 79756 432025340 501c3 26135 0 Youth Services Multiple Sclerosis Society South Central Region 1031 Andrews Hwy Suite 304C Midland TX 79701 741266225 501c3 7118 0 Health and Human Services Museum of the Big Bend PO Box C101 Alpine TX 79832 746000027 501c3 25000 0 arts and culture Museum of the Southwest 1705 W Missouri Ave Midland TX 79701 751229711 501c3 49000 0 arts and culture National Cowgirl Museum and Hall of Fame 1720 Gendy Street Fort Worth TX 76107 751486136 501c3 25000 0 Education Nonprofit Management Center of the Permian Basin 3500 North A Street Suite 2300 Midland TX 79705 460706163 501c3 75446 0 community services North Side Movement 707 N Gregg Street Big Spring TX 79720 463628182 501c3 25000 0 community services Odessa Chamber Of Commerce PO Box 3626 Odessa TX 79760 750469860 501c3 10000 0 community services Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501c3 27390 0 education Odessa College Foundation 201 W University Odessa TX 79764 752655037 501c3 144500 0 arts and culture Odessa Community Foundation PO Box 3626 Odessa TX 79760 752857160 501c3 50000 0 community services Odessa Family YMCA 3001 E University Blvd Odessa TX 79762 751187026 501c3 10000 0 Family services Odessa Links 119 W 4th Street Ste 201 Odessa TX 79761 752943130 501c3 20000 0 community services Permian Basin Catholic High School PO Box 14221 Odessa TX 79768 474189121 501c3 75000 0 education Permian Basin Petroleum Museum Library and Hall of Fame 1500 Interstate 20 West Midland TX 79701 756085378 501c3 42000 0 arts and culture Permian Basin Regional Council on Alcohol and Drug Abuse 120 East 2nd Street Odessa TX 79761 752300815 501c3 65000 0 community services Permian Basin Rehabilitation Center 620 N Alleghaney Odessa TX 79761 750866501 501c3 98169 0 Health and Human Services Polo on the Prairie PO Box 4470 Houston TX 77210 746000203 501c3 10000 0 Health and Human Services Recording Library of West Texas 3500 North A Street Suite 2800 Midland TX 79705 237075064 501c3 40594 0 Community Services Rope for Youth 3500 North A 1600C Midland TX 79705 461512244 501c3 30000 0 Youth Services Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501c3 25000 0 Health and Human Services Salvation Army of Midland 300 S Baird Midland TX 79701 750800678 501c3 39435 0 community services Samaritan Counseling Center PO Box 60312 Midland TX 79711 751437991 501c3 65000 0 Health and Human Services Senior Link Midland PO Box 80519 Midland TX 79708 751899190 501c3 15600 0 Health and Human Services Southwest Radio Church of the Air 500 Beacon Drive Oklahoma City OK 73127 730712306 501c3 18000 0 Religion St Johns Episcopal Church PO Box 3346 Odessa TX 79760 756004798 501c3 19751 0 religion St Johns Episcopal School PO Box 3046 Odessa TX 79760 752015719 501c3 26043 0 education Sul Ross University Student Financial Aid Box C113 Alpine TX 79832 746000027 501c3 10000 0 education Texas A and M Foundation 401 George Bush Drive College Station TX 77840 742245072 501c3 357000 0 education Texas Alliance for Minorities in Engineering 10100 Burnet Road R9200 Austin TX 78758 510192147 501c3 12500 0 education Texas Lions Camp Inc PO Box 290247 Kerrville TX 78029 741189679 501c3 25000 0 Youth Services Texas State History Museum Foundation PO Box 12456 Austin TX 78711 742916783 501c3 31500 0 arts and culture Texas Tech Foundation PO Box 41081 Lubbock TX 79409 756043842 501c3 55500 0 education The Association of Former Students Texas A and M University Texas A and M University 505 George Bush Drive College Station TX 77840 740490865 501c3 25000 0 education The Genesis Center 2800 W Louisiana Avenue Midland TX 79701 752923564 501c3 98000 0 Health and Human Services The Grace Foundation 3705 College Park Drive Suite 140 The Woodlands TX 77384 364793159 501c3 500000 0 Religion The Immunization Partnership PO Box 5168 Katy TX 77491 760695612 501c3 10000 0 health services The Kings College Office of Institutional Advancement 56 Broadway New York NY 10004 131810448 501c3 100000 0 Education The Life Center 2101 W Wall Midland TX 79701 751663590 501c3 10000 0 Health and Human Services The Marathon Foundation 20742 Stone Oak Parkway Suite 107 San Antonio TX 78258 273518399 501c3 80000 0 Education The Marathon Public Library PO Box 177 Marathon TX 79842 463355925 501c3 30000 0 community services The Way Retreat Center PO Box 51694 Midland TX 79710 471170703 501c3 26195 0 Health and Human Services The WELL Hand of Grace 4001 E University Boulevard Odessa TX 79762 473840929 501c3 7500 0 Health and Human Services Trinity School of Midland 3500 West Wadley Midland TX 79707 750995808 501c3 103043 0 education United Way of Midland 1209 West Wall Midland TX 79701 750945926 501c3 72315 0 Community Services University of Texas at Austin Cockrell School of Engineering Cockrell School of Engineering 301 E Dean Keeton Street Stop C2100 Austin TX 78712 746000203 GOVT 5500 0 education University of Texas of the Permian Basin Office of Institutional Advancement 4901 East University Blvd Odessa TX 79762 751393493 GOVT 30500 0 education Ward County Greater Works 922 S Main Street Midland TX 79756 432025340 501c3 67000 0 community services West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501c3 95723 0 Health and Human Services West Texas Opportunities PO Box 1308 Lamesa TX 79331 751226644 501c3 165000 0 Health and Human Services West Texas Public Radio 2000 E 42nd St Ste C193 Odessa TX 79762 562497864 501c3 50365 0 community services Worldview Academy 1010 W Texas Avenue Midland TX 79701 461822989 501c3 120000 0 education Young Life Midland 925 W Wadley Midland TX 79705 840385934 501c3 12500 0 Youth Services Yucca Blossom Montessori Community PO Box 5704 Midland TX 79701 473534267 501c3 17000 0 education 136 0 Educational 280 461508 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 190683 0 0 0 0 0 0 0 34231 0 224914 0 0 0 Cyndi Vara Controller 132418 0 0 0 0 0 0 0 29430 0 161848 0 0 0 X 6 832494 fair market value 0 0 1 1 Schedule M, Part I, Line 32b Upon receipt of publicly traded securities, the Foundation utilizes third party investment managers to sell the securities. Form 990, Part VI, Section B, Line 11b The 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 will be 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 to members of 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 $754,744; change in value of split interest agreement $299,925; change in value of bequest receivable $17,664; change in value of perpetual trust $936. 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 150000 Fair market value on date of grant West Texas Heritage Holdings Inc l 6857 Assessment of fee based on transactions processed for related organization