Totals
- Total revenue
- $60,538,071
- Total expenses
- $20,523,099
- Contributions and grants received
- $39,084,652
- Grants paid
- $16,278,287
- Program service revenue
- $0
- Investment income
- $20,386,178
- Other revenue
- $1,067,241
- Total assets, end of year
- $391,063,630
- Total liabilities, end of year
- $8,023,885
- Net assets or fund balances, end of year
- $383,039,745
- Program services expenses (Part IX)
- $16,751,807
- Management and general expenses
- $3,587,375
- Fundraising expenses
- $183,917
- Program service expenses (Part III)
- $16,751,807
Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$39,084,652
-
1g · Noncash contributions included above
$6,273,721
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $10,263,223 · related or exempt $0 · unrelated business $0 · excluded $10,263,223
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $974,466 · related or exempt $0 · unrelated business $0 · excluded $974,466
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $64,531,270 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $54,407,930 · other assets $385
-
7c · Gain or loss
securities $10,123,340 · other assets -$385
-
7d · Net gain or loss
total $10,122,955 · related or exempt $0 · unrelated business $0 · excluded $10,122,955
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Admin fees on non-owned agency funds
total $80,633 · related or exempt $0 · unrelated business $0 · excluded $80,633
-
11b · Other revenue: Expense reimbursements
total $10,499 · related or exempt $0 · unrelated business $0 · excluded $10,499
-
11c · Other revenue: Litigation and securities settlements
total $246 · related or exempt $0 · unrelated business $0 · excluded $246
-
11d · All other revenue
total $1,397 · related or exempt $0 · unrelated business $0 · excluded $1,397
-
11e · Other revenue, total
$92,775
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,385,982 · program services $15,385,982
-
2 · Grants to domestic individuals
total $892,305 · program services $892,305
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $965,202 · program services $97,248 · management and general $814,062 · fundraising $53,892
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $611,697 · program services $198,572 · management and general $412,556 · fundraising $569
-
8 · Pension plan contributions
total $48,679 · program services $18,803 · management and general $30,412 · fundraising -$536
-
9 · Other employee benefits
total $55,819 · program services $15,061 · management and general $39,939 · fundraising $819
-
10 · Payroll taxes
total $91,392 · program services $19,226 · management and general $69,406 · fundraising $2,760
-
11a · Fees: management
total $96,442 · management and general $96,442
-
11b · Fees: legal
total $3,772 · management and general $3,772
-
11c · Fees: accounting
total $65,023 · management and general $65,023
-
11d · Fees: lobbying
total $7,500 · management and general $7,500
-
11f · Fees: investment management
total $1,561,052 · management and general $1,561,052
-
12 · Advertising and promotion
total $46,897 · program services $15,696 · management and general $12,415 · fundraising $18,786
-
13 · Office expenses
total $32,400 · program services $5,925 · management and general $25,494 · fundraising $981
-
14 · Information technology
total $107,739 · program services $32,811 · management and general $71,953 · fundraising $2,975
-
16 · Occupancy
total $70,880 · program services $13,897 · management and general $54,675 · fundraising $2,308
-
17 · Travel
total $6,885 · program services $5,597 · management and general $168 · fundraising $1,120
-
19 · Conferences, conventions and meetings
total $41,696 · program services $6,550 · management and general $33,027 · fundraising $2,119
-
22 · Depreciation, depletion and amortization
total $155,346 · program services $30,460 · management and general $119,828 · fundraising $5,058
-
23 · Insurance
total $93,985 · program services $10,059 · management and general $47,012 · fundraising $36,914
-
24a · Other expenses: Event sponsorships
total $56,020 · program services $799 · management and general $0 · fundraising $55,221
-
24b · Other expenses: Dues and memberships
total $21,762 · program services $2,816 · management and general $18,015 · fundraising $931
-
24c · Other expenses: Annual report expense
total $94,490 · program services $0 · management and general $94,490 · fundraising $0
-
24e · All other expenses
total $10,134 · management and general $10,134
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,205,776 · end of year $700,120
-
2 · Savings and temporary cash investments
beginning of year $13,501,506 · end of year $17,213,385
-
3 · Pledges and grants receivable
beginning of year $1,793,798 · end of year $1,374,482
-
4 · Accounts receivable
beginning of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $12,464 · end of year $13,730
-
10a · Land, buildings and equipment: cost or other basis
$4,821,033
-
10b · Land, buildings and equipment: accumulated depreciation
$1,108,196
-
10c · Land, buildings and equipment, net
beginning of year $3,807,819 · end of year $3,712,837
-
11 · Investments: publicly traded securities
beginning of year $288,294,148 · end of year $345,795,512
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $20,432,159 · end of year $22,253,564
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $572,000 · end of year $70,000
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $8,060,410 · end of year $7,953,885
-
27 · Net assets without donor restrictions
beginning of year $303,561,812 · end of year $362,743,190
-
28 · Net assets with donor restrictions
beginning of year $18,853,448 · end of year $20,296,555
Mission and programs · 2025
Mission
Permian Basin Area Foundation exists to partner with donors in creating permanent charitable funds to enrich the quality of life in West Texas communities.
Activities or mission (Part I)
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.
-
Community capacity building programs: 549 grants to various non-profit organizations and 417 individuals awarded scholarships; based on approved grant and scholarship applications.
Expenses $16,694,989 · Grants $16,278,287
-
Community education includes general outreach to advance the mission of the Foundation and philanthropy in West Texas. Such activities include providing advice to nonprofits on best management practices and capacity building, making reports to nonprofit boards about endowments, and conducting educational events for nonprofits. During 2025, the Foundation conducted 39 education meetings and/or events with nonprofits.
Expenses $56,818
As filed on the 2025 return.
Listed in Part VII
-
Guy McCrary
President and CEO
- Total calculated
- $475,435
- From this org
- $438,233
- From related orgs
- $0
- Other
- $37,202
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $338,233
- Bonus
- $100,000
- Other
- $0
- Deferred
- $35,000
- Nontaxable benefits
- $2,202
- Filer's total
- $475,435
-
Cyndi Vara
Chief Financial Officer
- Total calculated
- $301,305
- From this org
- $244,460
- From related orgs
- $0
- Other
- $56,845
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,460
- Bonus
- $30,000
- Other
- $0
- Deferred
- $34,603
- Nontaxable benefits
- $22,243
- Filer's total
- $301,306
-
Jennifer Steadman
Chief Operating Officer
- Total calculated
- $188,462
- From this org
- $161,986
- From related orgs
- $0
- Other
- $26,476
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,986
- Bonus
- $20,000
- Other
- $0
- Deferred
- $16,199
- Nontaxable benefits
- $10,277
- Filer's total
- $188,462
-
Cari Whitaker
Finance and Accounting Administrator
- Total calculated
- $148,919
- From this org
- $114,839
- From related orgs
- $0
- Other
- $34,080
- Hours/week
- 40
-
Raymond Williams
Grants Officer
- Total calculated
- $137,031
- From this org
- $115,576
- From related orgs
- $0
- Other
- $21,455
- Hours/week
- 40
-
Wesley Bownds
Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
R Alan Hale
Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Bryan Heflin
Secretary - Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Bethany Etheredge
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mara Hobbs
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Semer
Director
- Total calculated
- $0
- Hours/week
- 1
-
G E Peterson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Madison Rose
Director
- Total calculated
- $0
- Hours/week
- 1
-
Reggie Baker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve Barron
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lindsay Ridgeway
Director
- Total calculated
- $0
- Hours/week
- 1
-
Blane Heflin
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 7
- Discretionary year-end bonuses were awarded as approved by the Board of Governors.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$2,254,485
General operating and program support including the Light the Way Campaign and the Annual Fund and student support
-
$928,000
Support for capital and facilities including purchase and improvement
-
$720,000
General operating and program support
-
Bergheim Christian Fellowship
$500,000
Capital campaign support
-
$497,996
General operating and program support including client expenses
-
$436,334
General operating and program and capital support including Age of Renewal Campaign
-
Amy Bell Sports Foundation Inc
$300,000
General support including the architecture phase of the Foundation project
-
$289,888
General operating and program support and capital and facilities and youth development
-
Capital and facilities support including paving for building
-
$244,609
General operating and program support including the Affordable Housing Procurement
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
West Texas Heritage Holdings Inc
501(c)(3) · supporting organization · TX · controlled entity
Directly controlled by Permian Basin Area Foundation
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 15 July 2026
- IRS schema version
- 2025v4.0
- Source object
- 202642029349301559
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.