2012-05-08T14:17:33-07:00 2011-12-31 990 2011-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 200 N Loraine St Ste 500 Midland TX 79701 Guy McCrary 4326173213 2012-05-09 2011 2016-02-24 21:20:13Z Guy McCrary 200 North Loraine Suite 500 Midland TX 79701 47490432 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 changing community needs and enrich the quality of life in the Permian Basin. 13 13 10 165 0 0 5087813 15055509 109310 110140 1988199 3460022 149523 1172569 7334845 19798240 2554759 4287527 0 0 623591 691684 0 0 99292 696583 774244 3874933 5753455 3459912 14044785 63785205 77011156 500 15500 63784705 76995656 Permian Basin Area Foundation facilitates the creation of permanent charitable funds in partnership with many donors, and provides grants to address changing community needs and enrich the quality of life in the Permian Basin. 0 0 4425820 4287527 0 Community Capacity Building programs: 563 grants and scholarships to various organizations and individuals; based on approved grant and scholarship applications. 381326 0 110140 Nonprofit Management Center Programs: Provided 22 training sessions to 715 attendees. Provided 550 hours of consultation to more than 35 nonprofit organizations. Responded to over 400 requests for general information and assistance. Provided a series of 8 training sessions held over a 4 month period on board governance, graduated 25 participants and coordinated placements on nonprofit boards. Provided a Nonprofit Executive Leadership Certification Program, consisting of 9 trainings over an 8 month period intended to address the shortage of trained and qualified nonprofit leaders, with 27 individuals participating. 0 0 0 4807146 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 0 1 11 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X Cyndi Vara 4326173213 200 N Loraine Ste 500 Midland TX 79701 Steve Barron 2 X X 0 0 0 Larry Edgerton 1 X X 0 0 0 Jack Harper 1 X X 0 0 0 Carolyn Stone 1 X X 0 0 0 Cathy Eastham 1 X 0 0 0 Mike Canon 1 X 0 0 0 Sondra Eoff 1 X 0 0 0 Trey Grafa 1 X 0 0 0 Patty Herd 1 X 0 0 0 Hiram Hubert 1 X 0 0 0 Scott Kidwell 1 X 0 0 0 Don Wood 1 X 0 0 0 Mark Nicholas 1 X 0 0 0 Guy McCrary 45 X 122221 0 31412 122221 0 31412 1 0 1 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 353483 1 0 0 36484 0 0 15019025 7320009 15055509 Nonprofit Management Center 541610 110140 110140 0 0 0 0 0 0 110140 1463561 0 0 1463561 0 0 0 0 1169952 0 0 1169952 0 0 29247604 433333 27684476 0 1563128 433333 1996461 0 0 1996461 7716 36484 7716 0 0 0 Miscellaneous Income 900099 2617 0 0 2617 0 0 0 0 2617 19798240 110140 0 4632591 4093686 4093686 193841 193841 0 0 0 0 153633 25392 97768 30473 0 0 0 0 430713 256708 154549 19456 38625 24937 11765 1923 28974 17103 10194 1677 39739 19823 16799 3117 0 0 0 0 0 0 0 0 42977 3700 39277 0 0 0 0 0 426910 0 426910 0 15402 8911 6491 0 4083 2648 0 1435 25175 14425 9085 1665 23411 8720 10008 4683 0 0 0 0 54550 28170 21984 4396 5628 4083 532 1013 0 0 0 0 17497 10757 5617 1123 0 0 0 0 0 0 0 0 8284 3488 3997 799 7581 3472 3424 685 Training programs 65399 65399 0 0 Special program events 23594 9303 0 14291 Dues and memberships 13155 4454 7251 1450 Annual report expense 10648 0 10648 0 29950 8126 10718 11106 5753455 4807146 847017 99292 0 0 1137772 1905411 50000 0 706 0 0 0 0 0 2349 2889 0 17193 22206 128349 102101 29926 26248 57579073 68301359 4968186 6753043 63785205 77011156 0 0 500 15500 0 0 0 0 0 0 0 0 0 0 0 0 500 15500 X 54210455 67169773 7530615 7784376 2043635 2041507 63784705 76995656 63785205 77011156 X 14044785 -833834 X 0 1 1 X 0 X 5881650 5062291 3470782 5048581 9176040 28639344 0 0 0 0 0 0 0 0 0 0 5881650 5062291 3470782 5048581 9176040 28639344 12823079 15816265 1320164 1562199 1091719 1419682 2633513 8027277 0 0 0 0 0 0 7637 12877 18817 5852 2617 47800 36714421 0.43079 0.54708 X Line 10 - miscellaneous income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50 37 10725720 75705 2522139 310526 31115882 7857890 1 1 51663027 15150315 1522671 3824339 0 533172 63978502 42304560 6774520 4986983 1979933 0 423103 51663027 36091765 2453916 6223901 2109103 0 355919 42304560 41750602 8397058 -11546152 2141336 0 368407 36091765 0.85 0.03 0.12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 128349 102101 26248 0 0 0 0 26248 Accrued interest receivable 128124 Bequest receivable 815635 Beneficial interest in remainder trust 2269578 Beneficial interest in perpetual trust 41507 Oil and gas royalties 3498199 6753043 SchD_P05_S00_L04 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. Beacon Awards 44200 36484 7716 0 0 0 7716 0 0 0 0 44200 36484 7716 0 0 0 7716 0 0 7716 0 1 12th Man Foundation PO Box 2800 College Station TX 778412800 741185725 501(c)(3) 20000 0 Football Campain Phase II American Cancer Society 2304 W Wadley Ave Midland TX 79705 131788491 501(c)(3) 15000 0 Gas Card Program American Red Cross of Southwest Texas PO Box 60310 Midland TX 79711 530196605 501(c)(3) 10000 0 West Texas Fires and Disaster Relief Aphasia Center of West Texas 5214 Thomason Drive Midland TX 79703 020618732 501(c)(3) 37000 0 Health services and financial services to clients AQHA Foundation PO Box 32111 Amarillo TX 79120 510187823 501(c)(3) 25000 0 Hall of Fame Arthritis Foundation 4300 Macarthur Avenue Suite 245 Dallas TX 75209 943454386 501(c)(3) 11000 0 Fall 2011 Health Services Arts Council of Midland PO Box 3494 Midland TX 79702 751894442 501(c)(3) 25000 0 Fall 2011 Arts and Culture Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501(c)(3) 89404 0 2011 Distributable Income Basin PBS PO Box 8940 Midland TX 797088940 203221344 501(c)(3) 35500 0 Capital Campaign and Education Services BEE World Attn Finance Department 18940 Base Camp Road Monument CO 80132 742752161 501(c)(3) 10000 0 Religious Services Big Brothers Big Sisters of Midland 1007 West Texas Avenue Midland TX 79701 751791035 501(c)(3) 12081 0 Distributable Income 2011 Buffalo Trail Council BSA 1101 W Texas Avenue Midland TX 79701 750800616 501(c)(3) 60443 0 OperationsScout RanchFriends of Scouting Endowment Water Buffalo Project Bynum School PO Box 80175 Midland TX 79708 751932925 501(c)(3) 48767 0 2011 Distributable Income Education Services COM Aquatics 3003 North A Street Midland TX 79705 751254435 501(c)(3) 27311 0 2011 Distributable Income and Community Development Camp Fire USA- West Texas Council PO Box 50988 Midland TX 79710 131623921 501(c)(3) 12473 0 Q3 & Q4 2011 Distributable Income Casa de Amigos 1101 E Garden Lane Midland TX 79701 751240087 501(c)(3) 27403 0 Fall 2011 Human Services Casa of West Texas 1611 W Texas Midland TX 79701 752871945 501(c)(3) 25000 0 Spring 2011 Grant - Children Services Centers for Children and Families 1004 N Big Spring Ste 325 Midland TX 79701 751005357 501(c)(3) 55092 0 Distributable Income and Parent Power Education Initiative Childfund International PO Box 26511 Richmond VA 232868818 540536100 501(c)(3) 15250 0 Area of Greatest Need - Africa and Childfund Emergency Drought Relief Christmas in Action of Midland PO Box 3744 Midland TX 79702 751731319 501(c)(3) 55344 0 2011 Distributable Income and human services City of Midland PO Box 1152 Midland TX 79702 756000608 501(c)(3) 23145 0 2011 Distributable Income Communities In Schools PO Box 60594 Midland TX 79711 752821486 501(c)(3) 10000 0 Spring 2011 Grant - Children Services Community Children's Clinic PO Box 3328 Midland TX 79702 751875246 501(c)(3) 11509 0 2011 Distributable Income Crime Stoppers of Midland Inc PO Box 1882 Midland TX 79702 751994132 501(c)(3) 7500 0 Crime Stoppers of Midland Crisis Center 4526 E University Odessa TX 797607741 751767204 501(c)(3) 40000 0 Fall 2011 Housing and Shelter Services Ector County Greater Works 1414 E University Odessa TX 79761 432025340 501(c)(3) 10000 0 Fall 2011 Human Services Family Promise of Odessa PO Box 12781 Odessa TX 79762 261828381 501(c)(3) 6000 0 Spring 2011 Grant - Children Services Feed the Children PO Box 36 Oklahoma City OK 731010036 736108657 501(c)(3) 10300 0 Feed The Children First Presbyterian Church 800 West Texas Midland TX 79701 750959993 501(c)(3) 55000 0 Youth Building Fund and 2011 Distributable Income Friends of Big Bend National Park PO Box 200 Big Bend Nat Park TX 79834 752670331 501(c)(3) 12500 0 Spring 2011 Grant - Educational Services Friends of Jeff Davis County Library PO Box 425 Fort Davis TX 79734 262817908 501(c)(3) 10000 0 Spring 2011 Grant - Capital Project George W Bush Foundation PO Box 600610 Dallas TX 75206 204119317 501(c)(3) 60000 0 Presidential Center Girl Scouts of the Desert Southwest 5217 N Dixie Odessa TX 79762 750887144 501(c)(3) 12300 0 Spring 2011 Grant - Youth Services Gladney Center for Adoption 6300 John Ryan Drive Fort Worth TX 76132 750917409 501(c)(3) 25000 0 Fall 2011 Human Services Globe Theatre 2308 Shakespeare Road Odessa TX 79761 756036127 501(c)(3) 10025 0 Distributable Income and honorarium Grace School of Theology PO Box 7477 The Woodlands TX 773877477 760690847 501(C)3 100000 0 Education Greater Ideal Family Life Center 301 S Tyler Midland TX 79701 043743673 501(c)(3) 30000 0 Spring 2011 Grant - Capital Project Harmony Home PO Box 3087 Odessa TX 79760 751633415 501(c)(3) 15000 0 Fall 2011 Youth Services Harvard Business School Soldiers Field Boston MA 02163 043395140 501(c)(3) 10000 0 Andy Kates Fellowship Hillander School 1600 W Wadley Midland TX 79705 751096475 501(c)(3) 25000 0 Hillander School Hospice of Midland 911 W Texas Avenue Midland TX 79701 751736007 501(c)(3) 9606 0 Distributable income and memorial Howard College Student Financial Aid 1001 Birdwell Lane Big Spring TX 79720 751732455 501(c)(3) 5625 0 EDUCATIONAL Jeff Davis County Relief Fund Fort Davis State Bank PO Box 1808 Fort Davis TX 79734 451742033 501(c)3 33968 0 Emergency Fire Relief Junior League of Midland 902 W Dengar Midland TX 79705 751005294 501(c)(3) 12500 0 Fall 2011 Community Development Learning Ally 20 Roszel Road Princeton NJ 08540 131659345 501(c)(3) 10000 0 Spring 2011 Grant - Health Services Life Church PO Box 733 Midland TX 79702 272384456 501(c)(3) 50000 0 Religious Make-A-Wish Foundation 407 N Big Spring Suite 208 Midland TX 79701 751889666 501(c)(3) 28500 0 Spring 2011 Grant - Youth Services Marfa Public Radio PO Box 238 Marfa TX 79843 562497864 501(c)(3) 10000 0 Fall 2011 Arts and Culture Martin County Hospital District EMS PO Box 640 Stanton TX 79782 751300105 501(c)(3) 5500 0 Health and Human Services Midland Bible Church 2800 North A St Midland TX 79705 751448418 501(c)(3) 1000000 0 Religious Midland Classical Academy 5711 Whitman Drive Midland TX 79705 752760945 501(c)(3) 12000 0 Educational Midland Community Development Corp 208 South Marienfeld Midland TX 79701 752280264 501(c)(3) 26000 0 Fall 2011 Housing and Shelter Services Midland Community Theatre 2000 W Wadley Ave Midland TX 79705 756003774 501(c)(3) 17000 0 Arts Culture Midland Fair Havens 2400 Whitmire Blvd Midland TX 79705 752627746 501(c)(3) 31000 0 In honor of Eric Siegmund Midland Festival Ballet PO Box 52034 Midland TX 79710 752510710 501(c)(3) 15000 0 Spring 2011 Grant - Arts and Culture Midland Habitat for Humanity PO Box 2555 Midland TX 79702 752381356 501(c)(3) 51500 0 Fall 2011 Housing and Shelter Services Midland Memorial Foundation 2200 W Illinois Midland TX 79701 750827455 501(c)(3) 164456 0 Campaign for Tomorrow and health services Midland Memorial Hospital 2200 W Illinois Midland TX 79701 750827455 501(c)(3) 35000 0 Campaign for Tomorrow Midland Odessa Area AIDS Support 800 W Texas Midland TX 79701 752470417 501(c)(3) 20000 0 Spring 2011 Grant - Youth Services Midland Odessa Symphony & Chorale PO Box 60658 Midland TX 79711 751301544 501(c)(3) 85370 0 Distributable income Midland Police Department 601 N Loraine Midland TX 79701 756000608 501(c)(3) 6600 0 Midland Police Dept- 10 Vests Midland Teen Court 615 W Missouri Ave Midland TX 79701 752503655 501(c)(3) 10025 0 Spring 2011 Grant - Youth Services Midland Tennis Center PO Box 4914 Midland TX 79704 261105431 501(c)(3) 19150 0 Capital Equipment Multiple Sclerosis Society 1031 Andrews Hwy 201 Midland TX 79701 010735156 501(c)(3) 9228 0 Distributable Income Neighbors Against Burglary & Drugs Inc 3606 Woodhaven Court Midland TX 79707 751967120 501(c)(3) 24065 0 Campaign and distributable income New Horizons Ranch and Center Inc 500 Chestnut Suite 1101 Abilene TX 79602 751530340 501(c)(3) 10000 0 Spring 2011 Grant - Youth Services Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501(c)(3) 16359 0 Q1 & Q2 2011 Distributable Income Odessa Christmas in Action 3801 N Dixie Blvd Odessa TX 79762 752258032 501(c)(3) 25000 0 Fall 2011 Human Services Odessa College Foundation 201 W University Odessa TX 79764 752655037 501(c)(3) 18000 0 Fall 2011 Educational Services Parks Methodist Retirement Village 3301 Faudree Road Odessa TX 79765 752707608 501(c)3 10000 0 Capital Campaign Presbyterian Children's Home & Services 4407 Bee Cave Road 520 Austin TX 78746 750818172 501(c)(3) 10000 0 Fall 2011 Human Services Ronald McDonald House Charities of the Southwest 3413 10th Street Lubbock TX 79415 751915179 501(c)(3) 10000 0 Fall 2011 Health and General Services SHARE 1301 W Louisiana Midland TX 79701 262780706 501(c)(3) 27000 0 Children's Services Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501(c)(3) 23500 0 transport van and human services Salvation Army of Big Spring 811 W 5th Big Spring TX 79720 580660607 501(c)(3) 29000 0 Spring 2011 Grant - Capital Project Salvation Army of Midland 300 S Baird Midland TX 79701 750800678 501(c)(3) 5410 0 Distributable Income and disaster relief Sears Methodist Foundation 1 Village Drive Suite 400 Abilene TX 79606 752692545 501(c)(3) 35000 0 Parks Methodist Retirement Center Special Olympics Texas 401 W Texas Ste 507 Midland TX 79701 741998367 501(c)(3) 14000 0 Spring 2011 Grant - Youth Services Springboard Center 200 Corporate Drive Midland TX 79705 752805439 501(c)(3) 300100 0 In honor of Debbie and Eddie Wallace St John's Episcopal Church PO Box 3346 Odessa TX 797603346 756004798 501(c)(3) 18056 0 Distributable income St John's Episcopal School PO Box 3046 Odessa TX 79760 752015719 501(c)(3) 24420 0 Distributable income Sterling County Emergency Medical Service PO Box 819 Sterling City TX 76951 756001161 501(c)(3) 25000 0 Fall 2011 Health and General Services Sterling County Senior Citizens Center PO Box 73 Sterling City TX 76951 752534665 501(c)(3) 15000 0 Spring 2011 Grant - Capital Project Texas A&M Foundation 401 George Bush Drive College Station TX 77840 742245072 501(c)(3) 100000 0 Tim & Amy Leach Professorship in Engineering and Engineers for Tomorrow Fund Texas Arms of Love PO Box 5137 Midland TX 79704 752167389 501(c)(3) 100000 0 Worldview Academy The Association of Former Students Texas A and M University 505 George Bush Drive College Station TX 778402918 740490865 501(c)(3) 20000 0 The Association of Former Students The Jenna Welch Center of the Laura W Bush Institute 301 North Avenue N Midland TX 79701 752674895 501(c)(3) 20000 0 Spring 2011 Grant - Youth Services The Life Center 2101 W Wall Midland TX 79701 751663590 501(c)(3) 24803 0 Fall 2011 Health Services Trinity School 3500 West Wadley Midland TX 79707 750995808 501(c)(3) 29420 0 Distributable income United Way of Midland 1209 West Wall Midland TX 79701 750945926 501(c)(3) 49833 0 Distributable income and Shared Spaces and Services Initiative UT of the Permian Basin 4901 E University Odessa TX 79762 751393493 501(c)(3) 53150 0 Educational Scholarships West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501(c)(3) 34000 0 Food and Nutrition and West Texas Fire Relief 92 0 Educational 174 193841 SchI_P01_S00_L02 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 122221 0 0 0 0 0 0 0 31412 0 153633 0 X 7 7319523 fair value on date of gift X Office decor 1 486 fair value on date of gift 0 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Contributions of public securities are sold by third party investment managers. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Jack Harper, Director and Scott Kidwell, Director - business relationship F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Controller prepares the Form 990. The independent auditing firm 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 a copy of the Form 990 prior to filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Annually, each board member receives a copy of the Foundation Conflict of Interest Policy. Each board member must also sign an acknowledgment 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. F990_P06_S0B_L15 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. F990_P06_S0C_L19 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 makes 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. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized loss on investments ($2,640,734), change in value of split interest agreement $91,796, change in value of bequest receivable $160,579, change in value of perpetual trust ($2,128), change in value of oil and gas royalties $1,556,653. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 West Texas Heritage Holdings Inc b 60240 Fair market value on date of grant