2011-05-12T09:29:35-07:00 2010-12-31 990 2010-01-01 752295008 PERMIAN BASIN AREA FOUNDATION PERM 4326173213 200 N Loraine St Ste 500 Midland TX 79701 Guy McCrary 4326173213 2011-05-13 2010 2016-02-24 21:20:13Z Guy McCrary 200 North Loraine Suite 500 Midland TX 79701 35096140 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. 15 15 8 175 0 0 3470782 5087813 74389 109310 -1802767 1988199 107970 149523 1850374 7334845 3005433 2554759 0 0 612981 623591 0 0 133070 612985 696583 4231399 3874933 -2381025 3459912 53347022 63785205 51000 500 53296022 63784705 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 2653822 2554759 0 Community Capacity Building Programs: 531 grants and scholarships to various organizations and individuals; based on approved grant and scholarship applications. 362474 0 109310 Nonprofit Management Programs: Provided 30 training in sessions to 746 attendees. Provided 1006 hours of consultation to more than 20 nonprofit organizations. Responded to 500 requests for general information and assistance. Provided a series of 8 training sessions held over a 4 month period on board governance, graduated 31 participants and placed them on nonprofit boards. Provided a Nonprofit Executive Leadership Certificate Program, consisting of 9 trainings over an 8 month period intended to address the shortage of trained and qualified nonprofit leaders, with 30 individuals participating. 7455 0 0 Vision 2020 is a goal setting initiative for the community of Midland, Texas. The program is led by volunteers and involves local nonprofits in monitoring progress and achieving goals to improve quality of life. 0 0 0 3023751 1 1 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 4 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 15 15 0 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 John Bergman 1 X X 0 0 0 Jack Harper 1 X X 0 0 0 Carolyn Stone 1 X X 0 0 0 Suzy Boldrick 1 X 0 0 0 Cathy Eastham 1 X 0 0 0 Larry Edgerton 1 X 0 0 0 Sondra Eoff 1 X 0 0 0 G William Fowler 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 Jess Sellars 1 X 0 0 0 Don Wood 1 X 0 0 0 Guy McCrary 45 X X 102012 0 30087 102012 0 30087 1 0 0 0 RBC Wealth Management 550 W Texas Ste 120 Midland TX 79701 Investment Consultant and Management Services 322688 1 0 0 39232 0 0 5048581 3353901 5087813 Nonprofit Management Center 541610 109310 109310 0 0 0 0 0 0 109310 1276011 0 0 1276011 0 0 0 0 143671 0 0 143671 0 0 28462765 0 27750577 0 712188 0 712188 0 0 712188 10718 39232 10718 0 0 0 Miscellaneous Income 900099 5852 0 0 5852 0 0 0 0 5852 7334845 109310 0 2137722 2360369 2360369 194390 194390 0 0 0 0 132099 16222 90342 25535 0 0 0 0 397615 229725 121430 46460 31809 18378 9714 3717 26052 15147 7921 2984 36016 16830 14395 4791 0 0 0 0 0 0 0 0 25351 0 25351 0 0 0 0 0 0 0 362666 0 362666 0 24886 16064 8507 315 2633 1240 0 1393 21867 16794 3393 1680 10861 3550 5318 1993 0 0 0 0 53422 25268 20867 7287 4740 3393 693 654 0 0 0 0 13065 8758 3192 1115 0 0 0 0 0 0 0 0 10155 3487 4942 1726 7181 2798 3249 1134 Training Programs 57222 57222 0 0 Special Program Events 33614 17816 0 15798 Dues and Memberships 12962 2654 7640 2668 Annual Report Expenses 11466 0 11466 0 Newsletter Expenses 10602 4595 3415 2592 33890 9051 13611 11228 3874933 3023751 718112 133070 1039021 1137772 0 0 3435 50000 614 706 0 0 0 0 0 2349 0 0 17475 17193 128982 99056 36635 29926 47203572 57579073 5046270 4968186 53347022 63785205 0 0 51000 500 0 0 0 0 0 0 0 0 0 0 0 0 51000 500 X 43644872 54210455 7609798 7530615 2041352 2043635 53296022 63784705 53347022 63785205 X 3459912 7028771 X 0 1 1 X 0 X 4622245 5881650 5062291 3470782 5048581 24085549 0 0 0 0 0 0 0 0 0 0 0 0 4622245 5881650 5062291 3470782 5048581 24085549 7430202 16655347 907856 1320164 1562199 1091719 1419682 6301620 0 0 0 0 0 0 11941 7637 12877 18817 5852 57124 30444293 0.54708 0.68181 X Other income includes credit card rebates, class action settlements related to investments, and other types of revenue not received on an ongoing basis. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47 30 3181724 1093303 1009532 289469 23021117 7298044 1 1 42304560 6774520 4986983 1979933 0 423103 51663027 36091765 2453916 6223901 2109103 0 355919 42304560 41750602 8397058 -11546152 2141336 0 368407 36091765 0.96 0.04 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 128982 99056 29926 0 0 0 0 29926 Accrued Interest Receivable 89928 Bequest Receivable 2656841 Beneficial Interest in Remainder Trust 2177782 Beneficial Interest in Perpetual Trust 43635 4968186 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The organization's endowment funds are used to provide grants/scholarships to address changing community needs and enrich the quality of life in the Permian Basin. Beacon Awards 49950 39232 10718 0 0 0 10718 0 0 0 0 49950 39232 10718 0 0 0 10718 0 0 10718 0 1 12th Man Foundation PO Box 2800 College Station TX 778412800 741185725 501(c)(3) 20000 0 Football Capital Campaign Phase II Alzheimers Association STAR Chapter 4400 N Big Spring St Ste C32 Midland TX 79705 133039601 501(c)(3) 15000 0 Human Services American Airpower Heritage Museum PO Box 62000 Midland TX 79711 741484491 501(c)(3) 7500 0 Arts and Culture American Cancer Society 2304 W Wadley Ave Midland TX 79705 131788491 501(c)(3) 10500 0 Health and Human Services Aphasia Center of West Texas 5214 Thomason Drive Midland TX 79703 020618732 501(c)(3) 17000 0 Human Services AQHA Foundation PO Box 32111 Amarillo TX 79120 510187823 501(c)(3) 26500 0 Animal Related Baptist Memorials Ministries PO Box 5661 San Angelo TX 76902 750983837 501(c)(3) 100383 0 Educational Basin PBS PO Box 8940 Midland TX 797088940 203221344 501(c)(3) 5300 0 Arts and Culture Big Brothers Big Sisters of Midland 1007 West Texas Avenue Midland TX 79701 751791035 501(c)(3) 12500 0 Youth Services Boys and Girls Club Of Odessa PO Box 4753 Odessa TX 797604753 750990952 501(c)(3) 40000 0 Youth Services Buckner Children and Family Services PO Box 50872 Midland TX 79710 752571395 501(c)(3) 10000 0 Youth Services Buffalo Trail Council BSA 1101 W Texas Avenue Midland TX 79701 750800616 501(c)(3) 79500 0 Youth Services Bynum School PO Box 80175 Midland TX 79708 751932925 501(c)(3) 86671 0 Educational and Youth Services COM Aquatics 3003 North A St Midland TX 79705 751254435 501(c)(3) 19866 0 Health and Human Services Casa de Amigos 1101 E Garden Lane Midland TX 79701 751240087 501(c)(3) 23175 0 Human Services Centers for Children and Families 1004 N Big Spring Ste 325 Midland TX 79701 751005357 501(c)(3) 93516 0 Mental Health Christmas For OUR Troops Inc PO Box 10549 Midland TX 79702 208350031 501(c)(3) 17000 0 Human Services Christmas in Action of Midland PO Box 3744 Midland TX 79702 751731319 501(c)(3) 28541 0 Human Services Church on Wheels PO Box 9402 Midland TX 79708 752758174 501(c)(3) 15000 0 Human Services City of Midland PO Box 1152 Midland TX 79702 756000608 501(c)(3) 25936 0 Arts and Culture Community and Senior Services 3301 Sinclair Ave Midland TX 79707 751899190 501(c)(3) 10700 0 Senior Services Community Childrens Clinic PO Box 3328 Midland TX 79702 751875246 501(c)(3) 23660 0 Human Services Cook Childrens Medical Center 801 7th Avenue Fort Worth TX 76104 752051646 501(c)(3) 10000 0 Human Services Disciples Housing of Odessa 303 Hegenberger Rd Ste 201 Oakland CA 94621 208916717 501(c)(3) 7000 0 Human Services Ellen Noel Art Museum PO Box 13928 Odessa TX 79768 751614818 501(c)(3) 5384 0 Arts and Culture Family Promise of Midland PO Box 7601 Midland TX 79708 271003573 501(c)(3) 10000 0 Human Services First Presbyterian Church 800 W Texas Midland TX 79701 750959993 501(c)(3) 25235 0 Religious Globe Theatre 2308 Shakespeare Rd Odessa TX 79761 756036127 501(c)(3) 10000 0 Arts and Culture Good News Ministries PO Box 3315 Midland TX 79702 752629527 501(c)(3) 10000 0 Human Services Grace School of Theology PO Box 7477 The Woodlands TX 773877477 760690847 501(C)3 100000 0 Educational Harmony Home 910 C South Grant Odessa TX 79760 751633415 501(c)(3) 15000 0 Human Services High Sky Childrens Ranch 8701 W County Rd 60 Midland TX 79707 751155049 501(c)(3) 10000 0 Housing Hillcrest School 3510 North A Street Bldg C Midland TX 79705 752468032 501(c)(3) 10860 0 Educational Holy Cross Lutheran Church 5110 N Garfield Midland TX 79705 752444841 501(c)(3) 20000 0 Religious Howard College 1001 Birdwell Lane Big Spring TX 79720 751732455 501(c)(3) 6245 0 Nursing Scholarships Junior League of Odessa 2707 Kermit Hwy Odessa TX 79764 750949533 501(c)(3) 10000 0 Youth Services Kaleidoscope Ministries PO Box 51601 Midland TX 79710 651313112 501(c)(3) 15000 0 Human Services Manor Park 2208 N Loop 250 West Midland TX 79707 751227882 501(c)(3) 21500 0 Human Services MARC 2701 North A St Midland TX 79705 751038411 501(c)(3) 15100 0 Youth and Human Services Martin County Community Fund PO Box 1189 Stanton TX 79782 200641203 501(c)(3) 7500 0 Community Fund Support Martin County Museum 207 Broadway Street Stanton TX 79782 751574557 501(c)(3) 15000 0 Roof on Connell House Medical Center Hospital PO Box 7239 Odessa TX 797607239 752302928 501(c)(3) 10000 0 Human Services Midland Bible Church 2800 North A St Midland TX 79705 751448418 501(c)(3) 50000 0 Religious Midland Children's Rehabilitation Center 802 Ventura Ave Midland TX 79705 750912521 501(c)(3) 80000 0 Rehabilitation Midland Classical Academy 5711 Whitman Drive Midland TX 79705 752760945 501(c)(3) 7000 0 Educational Midland College Foundation 3600 N Garfield Midland TX 79705 237315067 501(c)(3) 12050 0 Educational Midland Community Development Corp 208 South Marienfeld Midland TX 79701 752280264 501(c)(3) 25000 0 Housing Midland Fair Havens 2400 Whitmire Blvd Suite 100 Midland TX 79705 752627746 501(c)(3) 103000 0 Housing Midland Habitat for Humanity PO Box 2555 Midland TX 79702 752381356 501(c)(3) 52000 0 Housing Midland Memorial Foundation 2200 W Illinois Midland TX 79701 750827455 501(c)(3) 40492 0 Health and Human Services Midland Montessori School 1011 Austin Street Midland TX 79703 752771791 501(c)(3) 19184 0 Youth Services Midland Odessa Area AIDS Support 800 W Texas Midland TX 79701 752470417 501(c)(3) 7500 0 Disease Disorder Midland Odessa Symphony and Chorale PO Box 60658 Midland TX 79711 751301544 501(c)(3) 82279 0 Symphony Midland Rape Crisis Center PO Box 10081 Midland TX 79702 751673093 501(c)(3) 10000 0 Human Services Mission Health Care 4500 W Illinois Suite 112 Midland TX 79703 752459123 501(c)(3) 7500 0 Human Services Monahans Kidz Zone 201 S Alice Monahans TX 79756 432025340 501(c)(3) 7982 0 Youth Services Multiple Sclerosis Society 1031 Andrews Hwy 201 Midland TX 79701 010735156 501(c)(3) 13891 0 Health and Human Services MWR ACS Bldg 2494 Ricker Road El Paso TX 79916 751251523 501(c)(3) 10000 0 Freedom Camp 2010 New Direction Ministry PO Box 1541 Midland TX 79702 050569381 501(c)(3) 30000 0 Human Services Odessa Christian School 2000 Doran Street Odessa TX 79761 751231036 501(c)(3) 18269 0 Youth Services Odessa Christmas in Action 3801 N Dixie Blvd Odessa TX 79762 752258032 501(c)(3) 15000 0 capital support Odessa Family YMCA 3001 E University Blvd Odessa TX 79762 751187026 501(c)(3) 28000 0 2010 Capital Campaign and Youth Services Operation Homefront of Texas 10157 IH 35 North Suite A San Antonio TX 78233 205427591 501(c)(3) 35000 0 Human Services Permian Basin Rehabilitation Center 620 N Alleghaney Odessa TX 79761 750866501 501(c)(3) 10000 0 Health and Human Services Permian Playhouse of Odessa 310 W 42nd Odessa TX 79764 751227350 501(c)(3) 10000 0 Arts and Culture Recording Library of West Texas 2012 W Cuthbert Midland TX 79701 237075064 501(c)(3) 12932 0 Human Services Ritz Cultural Events Center Inc PO Box 614 Midland TX 79702 272518271 501(c)(3) 10000 0 Arts and Culture Safe Place of the Permian Basin PO Box 11331 Midland TX 79702 751657264 501(c)(3) 17000 0 Human Services Samaritan Counseling Center PO Box 60312 Midland TX 79711 751437991 501(c)(3) 36900 0 Mental Health Soldiers of Today and Yesterday PO Box 4246 Midland TX 79704 134297034 501(c)(3) 25000 0 Human Services St Johns Episcopal Church PO Box 3346 Odessa TX 797603346 756004798 501(c)(3) 19465 0 Religious St Johns Episcopal School PO Box 3046 Odessa TX 79760 752015719 501(c)(3) 27195 0 Educational St Vincent De Paul St Anns Conference PO Box 711 Midland TX 79702 751951052 501(c)(3) 6500 0 Housing and Human Services Teen FLOW PO Box 733 Midland TX 79702 752899609 501(c)(3) 10000 0 Youth Services Texas A M Foundation 401 George Bush Drive College Station TX 77840 742245072 501(c)(3) 100000 0 Educational Texas Arms of Love PO Box 5137 Midland TX 79704 752167389 501(c)(3) 25000 0 Worldview Academy The Life Center 2101 W Wall Midland TX 79701 751663590 501(c)(3) 31277 0 Health Services Trinity School 3500 West Wadley Midland TX 79707 750995808 501(c)(3) 28195 0 Educational United Way of El Paso 1918 Texas Ave El Paso TX 79901 741291051 501(c)(3) 50000 0 Human Services United Way of Midland 1209 West Wall Midland TX 79701 750945926 501(c)(3) 44662 0 Community Development Unlock Ministries PO Box 5562 Midland TX 79704 752959142 501(c)(3) 15000 0 Housing and Human Services UT of the Permian Basin 4901 E University Odessa TX 79762 751393493 501(c)(3) 8250 0 Edcuational Ward County Greater Works Inc PO Box 706 Monahans TX 79756 432025340 501(c)(3) 20000 0 Youth Services West Texas Food Bank PO Box 4242 Odessa TX 79760 752057692 501(c)(3) 21000 0 Human Services World Craniofacial Foundation PO Box 515838 Dallas TX 75251 752304155 501(c)(3) 15000 0 Health and Human Services Young Life Houston Heights 900 Town and Country Lane Ste 302 Houston TX 770242231 840385934 501(c)(3) 6000 0 TX 341 86 0 Educational 174 194390 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 9 3353576 fair value X file cabinets 1 225 fair value X TV 1 100 fair value 0 0 1 0 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a 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 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. This process was last completed for the Chief Executive Officer during 2010. 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 gain on investments $4,683,089, change in value of split interest agreement $1,598,965, change in value of bequest receivable $744,434, change in value of perpetual trust $2,283. 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