2014-05-06T14:32:13-07:00 2013-12-31 990 2013-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 200 N Loraine St Ste 500 Midland TX 79701 Guy McCrary President and CEO 4326173213 2014-05-15 2013 2015-11-30 17:44:51Z Guy McCrary 200 N Loraine Ste 500 Midland TX 79701 50119613 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. 12 12 9 151 0 0 13460945 8896501 107143 89024 2938990 5247293 2144843 2646853 18651921 16879671 7371170 10210376 0 0 767068 852111 0 0 140794 868408 967288 9006646 12029775 9645275 4849896 91907173 108048867 60750 92525 91846423 107956342 X 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 1 10393944 10210376 0 Community capacity building programs: 546 grants and scholarships to various organizations and individuals; based on approved grant and scholarship applications. 382193 0 89024 Nonprofit Management Center programs: Provided 22 training sessions to 722 attendees. Provided 642 hours of consultation to more than 24 nonprofit organizations. Responded to over 380 requests for general information and assistance. Provided a series of 8 training sessions held over a 4 month period on board governance, graduated 29 participants and coordinated placements on nonprofit boards. Provided a Nonprofit Executive Leadership Certification program, consisting of 9 trainings over an 9 month period intended to address the shortage of trained and qualified nonprofit leaders, with 26 individuals participating. 0 0 0 10776137 1 1 0 0 0 1 0 0 0 1 1 0 0 1 0 0 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 15 0 1 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NM X Cyndi Vara 4326173213 200 N Loraine Ste 500 Midland TX 79701 Larry Edgerton Chair 2 0 X X 0 0 0 Steve Barron Past Chair 1 0 X 0 0 0 Mike Canon Vice-Chair 1 0 X X 0 0 0 Mark Nicholas Treasurer 1 0 X X 0 0 0 Cathy Eastham Secretary 1 0 X X 0 0 0 Trey Grafa Director 1 0 X 0 0 0 Patty Herd Director 1 0 X 0 0 0 Scott Kidwell Director 1 0 X 0 0 0 Carolyn Stone Director 1 0 X 0 0 0 Stacey Gerig Director 1 0 X 0 0 0 Kathy Clark Director 1 0 X 0 0 0 Jerry Morales Director 1 0 X 0 0 0 Guy McCrary President and CEO 40 2 X 138469 0 39453 Cyndi Vara Controller 40 1 X 101588 0 27604 240057 0 67057 2 0 1 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 419599 1 0 0 95654 0 0 8800847 4812725 8896501 Nonprofit Management Center 541610 89024 89024 0 0 0 0 0 0 89024 1665002 0 0 1665002 0 0 0 0 2640193 0 0 2640193 0 0 36787206 100 33204919 96 3582287 4 3582291 0 0 3582291 34927 95654 34927 0 0 0 Other Income 900099 6660 0 0 6660 0 0 0 0 6660 16879671 89024 0 7894146 9914934 9914934 295442 295442 0 0 0 0 177921 31717 89926 56278 0 0 0 0 521846 286475 214117 21254 52185 28673 21367 2145 52739 30175 20026 2538 47420 22790 20037 4593 0 0 0 0 2215 1715 0 500 45443 0 45443 0 0 0 0 0 0 0 536585 0 536585 0 1853 1853 0 0 7566 1689 0 5877 28254 15776 11072 1406 41667 13166 25102 3399 0 0 0 0 81539 43118 30838 7583 5386 2033 336 3017 0 0 0 0 13574 7294 5040 1240 0 0 0 0 0 0 0 0 7490 3011 3595 884 8089 3859 3395 835 Ad Valorem Mineral Taxes 63840 0 63840 0 Training Programs 52490 52490 0 0 Special Events 27070 10643 0 16427 Annual Report 11807 0 11807 0 32420 9284 10318 12818 12029775 10776137 1112844 140794 186366 141277 3170257 2812630 1158714 0 0 0 0 0 0 0 5192 5594 0 0 23384 21336 122633 94924 19061 27709 79948788 93109646 0 0 0 0 0 0 7395411 11930675 91907173 108048867 0 0 60750 92525 0 0 0 0 0 0 0 0 0 0 0 0 60750 92525 X 82406910 94910468 7396656 10999364 2042857 2046510 91846423 107956342 91907173 108048867 X 4849896 8752267 0 0 0 2507756 X 0 1 X 1 0 X 3470782 5048581 9176040 9854535 8896501 36446439 0 0 0 0 0 0 0 0 0 0 0 0 3470782 5048581 9176040 9854535 8896501 36446439 19683325 16763114 1091719 1419682 2633513 3726523 4305195 13176632 0 0 0 0 0 0 18817 5852 2617 2138 6660 36084 49659155 0 0.33756 0.36782 X Schedule A, Part II, Line 10 miscellaneous income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55 41 4679093 735935 7457538 371700 40541462 9957532 1 1 75845955 10577190 13835855 9324053 0 685851 90249096 63978502 11942029 7386722 6840319 0 620979 75845955 51663027 15150315 1522671 3824339 0 533172 63978502 42304560 6774520 4986983 1979933 0 423103 51663027 36091765 2453916 6223901 2109103 0 355919 42304560 0.86 0.12 0.02 0 0 0 0 0 0 0 0 0 0 0 0 0 0 122633 94924 27709 0 0 0 0 27709 Accrued Interest Receivable 96622 Bequests Receivable 2274089 Beneficial Interest in Remainder Trust 1579004 Beneficial Interest in Lead Trust 1084738 Beneficial Interest in Perpetual Trust 46510 Oil and Gas Royalties 6849712 11930675 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. Golf Tournament 71106 45789 25317 0 0 0 0 0 25317 Beacon Awards Luncheon 59475 49865 9610 0 0 0 9610 0 0 0 130581 95654 34927 0 0 0 9610 0 25317 34927 0 1 Alzheimers Association STAR Chapter 4400 N Big Spring St Ste C32 Midland TX 79705 133039601 501 C3 10000 0 Health Services American Red Cross of Permian Basin Area Chapter PO Box 60310 Midland TX 79711 530196605 501 C3 30000 0 2013 Fall Grant and Human Services Aphasia Center of West Texas 5214 Thomason Drive Midland TX 79703 020618732 501 C3 35100 0 2013 Fall Grant and Human Services AQHA Foundation PO Box 32111 Amarillo TX 79120 510187823 501 C3 6000 0 Animal Services Area Missions Outreach Services PO Box 762 Midland TX 79702 752220887 501 C3 30000 0 Human Services Arise Africa 2122 Kidwell Suite 207 Dallas TX 75214 272014915 501 C3 35000 0 International Services Arts Council of Midland PO Box 3494 Midland TX 79702 751894442 501 C3 26676 0 2013 Distributable Income and Arts and Culture Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501 C3 87668 0 Q3 2013 Distributable Income Basin PBS PO Box 8940 Midland TX 79708 203221344 501 C3 26000 0 Educational Boys and Girls Club Of Odessa 800 E 13th Street Odessa TX 79761 750990952 501 C3 10000 0 Youth Development Buckner Children and Family Services 600 N Pearl St Ste 2000 Dallas TX 75201 752571395 501 C3 130618 0 2013 Distributable Income and Human Services Buffalo Trail Council BSA 1101 W Texas Avenue Midland TX 79701 750800616 501 C3 56660 0 2013 Distributable Income and Youth Services Bush Tennis Center PO Box 4914 Midland TX 79704 261105431 501 C3 6000 0 2013 Spring Grant and Educational Bynum School PO Box 80175 Midland TX 79708 751932925 501 C3 64235 0 Q2 2013 Distributable Income and Educational and Youth Services COM Aquatics 3003 North A Street Midland TX 79705 751254435 501 C3 67843 0 2013 Distributable Income and Human Services Casa de Amigos 1101 E Garden Lane Midland TX 79701 751240087 501 C3 7349 0 2013 Distributable Income Casa of West Texas 1611 W Texas Midland TX 79701 752871945 501 C3 25000 0 2013 Spring Grant and Youth Services Catholic Charities Community Services of Odessa 2500 Andrews Highway Odessa TX 79761 752233859 501 C3 35000 0 2013 Fall Grant and Human Services Centers for Children and Families 1004 N Big Spring Ste 325 Midland TX 79701 751005357 501 C3 50083 0 Q4 2013 Distributable Income and Human Services Childfund International PO Box 26511 Richmond VA 23286 540536100 501 C3 5500 0 Youth Development Christmas in Action of Midland PO Box 3744 Midland TX 79702 751731319 501 C3 40000 0 2013 Distributable Income and Housing and Shelter Church on Wheels PO Box 9402 Midland TX 79708 752758174 501 C3 20000 0 Human Services City of Midland PO Box 1152 Midland TX 79702 756000608 Government Entity 22707 0 2013 Distributable Income Communities In Schools of the Permian Basin PO Box 10532 Midland TX 79702 752821486 501 C3 25000 0 2013 Spring Grant and Educational Community Childrens Clinic PO Box 3328 Midland TX 79702 751875246 501 C3 13652 0 2013 Distributable Income Cook Childrens Health Foundation 801 7th Avenue Fort Worth TX 76104 752051649 501 C3 25000 0 2013 Fall Grant and Health Services Education Foundation of Odessa PO Box 951 Odessa TX 79760 752862209 501 C3 243967 0 2013 Distributable Income and Educational Engineering Scholarship Program The University of Texas at Austin 1 University Station C2100 Austin TX 78712 746000203 501 C3 7500 0 Educational Family Promise of Midland PO Box 7601 Midland TX 79708 271003573 501 C3 23000 0 2013 Spring Grant and Housing Services Family Promise of Odessa PO Box 12781 Odessa TX 79762 261828381 501 C3 24000 0 2013 Fall Grant and Housing Services Feed the Children PO Box 36 Oklahoma City OK 73101 736108657 501 C3 6000 0 Human Services First Christian Church 1301 W Louisiana Avenue Midland TX 79701 750959993 501 C3 75000 0 Religion First Presbyterian Church 800 West Texas Midland TX 79701 750983832 89491 0 Religion Food 2 Kids Inc PO Box 4242 Odessa TX 79760 452256115 501 C3 25000 0 Food and Nutrition Food for the Poor 6401 Lyons Road PO Box 979001 Coconut Creek FL 33097 592174510 501 C3 20000 0 Human Services Friends of Big Bend National Park PO Box 200 Big Bend Nat Park TX 79834 752670331 501 C3 20000 0 2013 Spring Grant and Philanthropy Friends of the Jeff Davis County Library PO Box 425 Fort Davis TX 79734 262817908 501 C3 10000 0 2013 Spring Grant and Educational Girl Scouts of the Desert Southwest 5217 N Dixie Odessa TX 79762 750887144 501 C3 21369 0 2013 Distributable Income and Youth Services Gladney Center for Adoption 6300 John Ryan Drive Fort Worth TX 76132 750917409 501 C3 25000 0 2013 Fall Grant and Human Services Globe Theatre 2308 Shakespeare Road Odessa TX 79761 756036127 501 C3 9000 0 2013 Distributable Income Good News Ministries PO Box 3315 Midland TX 79702 752629527 501 C3 20000 0 Human Services Grace School of Theology PO Box 7477 The Woodlands TX 77387 760690847 501 C3 700000 0 Educational Greater Ideal Family Life Center 301 S Tyler Midland TX 79701 043743673 501 C3 62170 0 2013 Spring Grant and Human Services Harmony Home Childrens Advocacy Center PO Box 3087 Odessa TX 79760 751633415 501 C3 18000 0 2013 Fall Grant and Youth Services High Sky Childrens Ranch 8701 W County Rd 60 Midland TX 79707 751155049 501 C3 50500 0 Housing and Shelter and Youth Services Hillcrest School 2800 North A Street Midland TX 79705 752468032 501 C3 18373 0 2013 Distributable Income Historic Cane Hill Inc PO Box 756 Lincoln AR 72744 710653475 501 C3 350000 0 Educational Howard College Student Financial Aid 1001 Birdwell Lane Big Spring TX 79720 751732455 Government Entity 5548 0 Educational Junior Achievement of the Permian Basin 303 W Wall Suite 807 Midland TX 79701 751097059 501 C3 15000 0 2013 Spring Grant and Human Services Junior League of Midland 902 W Dengar Midland TX 79705 751005294 501 C3 30000 0 2013 Spring Grant and Community Development Kaleidoscope Ministries PO Box 51601 Midland TX 79710 651313112 501 C3 10225 0 2013 Spring Grant and Human Services Learning Ally 20 Roszel Road Princeton NJ 08540 131659345 501 C3 10500 0 2013 Spring Grant and Youth Services Make A Wish Foundation of North Texas 407 N Big Spring Suite 208 Midland TX 79701 751889666 501 C3 30500 0 2013 Spring Grant and Youth Services Manor Park 2208 N Loop 250 West Midland TX 79707 751227882 501 C3 30000 0 Aging Services Marfa Education Foundation PO Box 660 Marfa TX 79843 274545608 501 C3 7500 0 2013 Fall Grant and Educational Marfa Public Library PO Box U Marfa TX 79843 746001684 501 C3 10000 0 2012 Fall Grant McDonald Observatory 1 University Station A2100 Austin TX 78712 746000203 501 C3 10000 0 2013 Fall Grant and Educational Midland African American Roots Historical Cultural Arts Council PO Box 50473 Midland TX 79710 752888926 501 C3 15000 0 2013 Spring Grant and Arts & Culture Midland Bible Church 5900 Whitman Midland TX 79705 751448418 501 C3 3057800 0 Religion Midland Classical Academy 5711 Whitman Drive Midland TX 79705 752760945 501 C3 15000 0 Educational Midland College Foundation 3600 N Garfield Midland TX 79705 237315067 501 C3 12000 0 2013 Spring Grant and Educational Midland Community Development Corporation 208 South Marienfeld Midland TX 79701 752280264 501 C3 50000 0 2013 Fall Grant and Housing and Shelter Midland Community Healthcare Services PO Box 5576 Midland TX 79704 830358685 501 C3 50000 0 2013 Spring Grant and Health Services Midland Community Theatre 2000 W Wadley Ave Midland TX 79705 756003774 501 C3 18000 0 2013 Fall Grant and Arts and Culture Midland County Public Library Foundation 301 W Missouri Avenue Midland TX 79701 460735772 501 C3 15000 0 2013 Spring Grant and Educational Midland Fair Havens 2400 Whitmire Blvd Suite 100 Midland TX 79705 752627746 501 C3 23000 0 2013 Spring Grant and Housing Services Midland Festival Ballet PO Box 52034 Midland TX 79710 752510710 501 C3 7675 0 2013 Spring Grant and Arts and Culture Midland Gem and Mineral Society PO Box 5043 Midland TX 79704 751173136 501 C3 7425 0 2013 Spring Grant and Arts and Culture Midland Habitat for Humanity PO Box 2555 Midland TX 79702 752381356 501 C3 169000 0 2013 Fall Grant and Housing and Shelter Midland Memorial Foundation 400 Rosalind Redfern Grover Parkway Midland TX 79701 750827455 501 C3 10275 0 2013 Distributable Income and Health Services Midland Memorial Hospital 400 Rosalind Redfern Grover Parkway Midland TX 79701 750827455 501 C3 103000 0 Health Services Midland Need to Read 1709 West Wall Midland TX 79701 752044292 501 C3 9100 0 2013 Fall Grant and Educational Midland Odessa Area AIDS Support 800 W Texas Midland TX 79701 752470417 501 C3 23500 0 2013 Spring Grant and Human Services Midland Teen Court 615 W Missouri Ave Ste 226 Midland TX 79701 752503655 501 C3 10000 0 2013 Spring Grant and Youth Development Midland Odessa Symphony and Chorale PO Box 60658 Midland TX 79711 751301544 501 C3 89781 0 2013 Fall Grant and Arts and Culture Multiple Sclerosis Society 1031 Andrews Hwy Suite 304C Midland TX 79701 741266225 501 C3 5035 0 2013 Distributable Income Muscular Dystrophy Association 600 N Marienfeld Ste 112 Midland TX 79701 131665552 501 C3 50000 0 2013 Fall Grant and Health Services New Direction Ministry PO Box 1541 Midland TX 79702 050569381 501 C3 75000 0 2013 Fall Grant and Human Services New Horizons Ranch and Center Inc 500 Chestnut Suite 1101 Abilene TX 79602 751530340 501 C3 50000 0 2013 Spring Grant and Human Services Nonprofit Management Center of the Permian Basin PO Box 53140 Midland TX 79710 460706163 501 C3 100000 0 Community Development Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501 C3 22030 0 2013 Fall Grant and Educational Odessa Christmas in Action PO Box 15075 Odessa TX 79768 752258032 501 C3 25000 0 2013 Fall Grant and Housing and Shelter Odessa College Foundation 201 W University Odessa TX 79764 752655037 501 C3 15000 0 2013 Spring Grant and Educational Odessa Council for the Arts and Humanities PO Box 7195 Odessa TX 79760 751663253 501 C3 10000 0 Arts and Culture Odessa Links 119 W 4th Street Ste 201 Odessa TX 79761 752943130 501 C3 20000 0 2013 Spring Grant and Human Services Partners Relief and Development PO Box 2066 Redlands CA 92373 223786806 501 C3 20000 0 Human Services Permian Basin Petroleum Museum Library and Hall of Fame 1500 Interstate 20 West Midland TX 79701 756085378 501 C3 166200 0 2013 Spring Grant and Arts and Culture Permian Basin Rehabilitation Center 620 N Alleghaney Odessa TX 79761 750866501 501 C3 10000 0 Health Services Polo on the Prairie PO Box 4470 Houston TX 77210 746000203 501 C3 20000 0 Health Services Presbyterian Childrens Homes and Services 4407 Bee Cave Road 520 Austin TX 78746 750818172 501 C3 10000 0 2013 Fall Grant and Housing and Shelter Recording Library of West Texas 2012 W Cuthbert Midland TX 79701 237075064 501 C3 11198 0 2013 Distributable Income Ring14 USA 4448 Yale Drive Lafayette IN 47909 453754937 501 C3 13500 0 Human Services Ronald McDonald House Charities of the Southwest 3413 10th Street Lubbock TX 79415 751915179 501 C3 10000 0 2013 Fall Grant and Human Services SHARE 1301 W Louisiana Midland TX 79701 262780706 501 C3 30000 0 2013 Spring Grant and Human Services Safari Club International West Texas Chapter 521 North Texas Odessa TX 79761 752960704 501 C3 6000 0 Educational Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501 C3 30000 0 2013 Spring Grant and Human Services Salvation Army of Midland 300 S Baird Midland TX 79701 750800678 501 C3 5401 0 2013 Distributable Income and Human Services Samaritan Counseling Center PO Box 60312 Midland TX 79711 751437991 501 C3 14200 0 Health and Human Services Sowers Field 5662 Calle Real 344 Goleta CA 93117 582381642 501 C3 35000 0 Religion St Johns Episcopal Church PO Box 3346 Odessa TX 79760 756004798 17875 0 2013 Distributable Income St Johns Episcopal School PO Box 3046 Odessa TX 79760 752015719 501 C3 23995 0 2013 Distributable Income TCU Frog Club TCU Box 297140 Fort Worth TX 76129 750827465 501 C3 9000 0 Educational TCU College of Education TCU Box 297044 Fort Worth TX 76129 750827465 501 C3 15000 0 Educational Texas A and M Foundation 401 George Bush Drive College Station TX 77840 742245072 501 C3 912500 0 Educational Texas A and M University 12th Man Foundation PO Box 2800 College Station TX 77841 741185725 501 C3 847500 0 Educational Texas Tech Foundation PO Box 41081 Lubbock TX 79409 756043842 501 C3 10500 0 Educational The Association of Former Students Texas A and M University 505 George Bush Drive College Station TX 77840 740490865 501 C3 10000 0 Educational The Genesis Center 2800 W Louisiana Avenue Midland TX 79701 752923564 501 C3 130500 0 Human Services The Life Center 2101 W Wall Midland TX 79701 751663590 501 C3 50257 0 2013 Distributable Income and Health Services The NRA Foundation 11250 Waples Mill Road Farifax VA 22030 521710886 501 C3 25000 0 Educational Trinity School of Midland 3500 West Wadley Midland TX 79707 750995808 501 C3 114995 0 2013 Distributable Income and Educational UMC Foundation 602 Indiana Avenue Lubbock TX 79415 751639312 501 C3 50000 0 2013 Spring Grant and Health Services United Way of Midland 1209 West Wall Midland TX 79701 750945926 501 C3 77389 0 2013 Distributable Income and Community Services University of Texas McCombs School of Business 100 W 21st Street B6006 Austin TX 78712 751589151 Government Entity 25000 0 Educational University of Texas of the Permian Basin Office of Institutional Advancement 4901 East University Blvd Odessa TX 79762 751393493 Government Entity 28750 0 2013 Spring Grant and Educational Unlock Ministries PO Box 7742 Midland TX 79708 752959142 501 C3 30000 0 2013 Spring Grant and Educational West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501 C3 50500 0 Food and Nutrition White Pool House Friends 112 E Murphy Street Odessa TX 79761 752099391 501 C3 10000 0 2013 Fall Grant and Educational World Craniofacial Foundation PO Box 515838 Dallas TX 75251 752304155 501 C3 20000 0 Health Services 113 0 Educational 198 295442 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 138469 0 0 0 0 0 0 0 39453 0 177922 0 0 X 9 2778734 fair value X Public securities receivable from estate 2 1493523 fair value X 20% of estate (due from estate) 1 543468 estimated fair 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 III, Line 3 After December 31, 2013, the Foundation ceased the Nonprofit Management Center programs, as the Nonprofit Management Center obtained its own tax exempt status from the IRS and began operating as a separate tax exempt entity beginning in early 2014. Form 990, Part VI, Section A, Line 4 The following paragraph was added to the bylaws: "Effective January 1, 2013, all Governors then serving any portion of their first or second term may extend their term by one year or more such that the term of service for each member may be four years instead of three years. Those Governors commencing their service on the Board as of January 1, 2013, will serve for four years and be eligible for a second term of four years unless otherwise provided herein." Form 990, Part VI, Section B, Line 11b The Controller prepares the Form 990. The independent accounting firm, CEO and Audit Committee review the Form 990. The Audit Committee recommends approval of the Form 990 by the full Board of Governors. The full Board of Governors is provided a copy of the Form 990 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 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 available to the public upon 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 $1,978,041, change in value of split interest agreement $285,964, change in value of bequest receivable $240,098, change in value of perpetual trust $3,653. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0