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Nonprofiteer
← PERMIAN SUMMIT FOUNDATION

Form 990 for tax year 2023

Filed by PERMIAN SUMMIT FOUNDATION.

Totals

Total revenue
$260,345
Total expenses
$228,099
Contributions and grants received
$332,351
Grants paid
$215,000
Program service revenue
$0
Investment income
$0
Other revenue
-$72,006
Total assets, end of year
$249,381
Total liabilities, end of year
$215,000
Net assets or fund balances, end of year
$34,381
Program services expenses (Part IX)
$221,938
Management and general expenses
$6,161
Fundraising expenses
$0
Program service expenses (Part III)
$221,938

Program services were 97.3% 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.

  • 1c · Fundraising events

    $259,652

  • 1f · All other contributions, gifts and grants

    $72,699

  • 8a · Fundraising events: gross income

    $101,650

  • 8a · Fundraising events: contributions included on line 1c

    $259,652

  • 8b · Fundraising events: direct expenses

    $173,656

  • 8c · Net income from fundraising events

    total -$72,006 · excluded -$72,006

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $215,000 · program services $215,000

  • 11g · Fees: other

    total $1,750 · management and general $1,750

  • 12 · Advertising and promotion

    total $2,677 · management and general $2,677

  • 13 · Office expenses

    total $8,672 · program services $6,938 · management and general $1,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,741 · end of year $248,160

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $1,221

  • 18 · Grants payable

    beginning of year $0 · end of year $215,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,741 · end of year $34,381

Mission and programs · 2023

Mission

SUPPORTING UNDERSERVED CAUSES IN THE PERMIAN BASIN THROUGH OUR FUNDRAISING EVENT, THE PERMIAN BASIN ROCKY MOUNTAIN GOLF SUMMIT.

  • THE PERMIAN SUMMIT FOUNDATION HOSTED ITS INAUGURAL FUNDRAISING EVENT, THE PERMIAN BASIN ROCKY MOUNTAIN GOLF SUMMIT IN AUGUST OF 2023. THE EVENT DREW OVER 100 OIL AND GAS PROFESSIONALS FROM VARIOUS PLACES IN THE COUNTRY TO COLORADO SPRINGS, COLORADO. OUR 2023 FUNDRAISING EFFORT WAS DIRECTED FOR THE BENEFIT OF HARMONY HOME CHILDREN'S ADVOCACY CENTER OF ODESSA, TEXAS, A NON-PROFIT THAT SERVES ABUSED AND NEGLECTED CHILDREN ACROSS WEST TEXAS. OVER THE COURSE OF 2023 THE PERMIAN SUMMIT FOUNDATION GENERATED OVER $250,000 IN DONATIONS FOR ITS CHARITABLE EFFORTS. WE ARE PLEASED THAT WE'VE BEEN ABLE TO DELIVER $215,000 OF THOSE FUNDS TO HARMONY HOME AND THEIR HEROIC EFFORTS.

    Expenses $221,938 · Grants $215,000

As filed on the 2023 return.

Listed in Part VII

  • Jack Blake Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Skylar Fast

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Hinkle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Taylor Thoreson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Tenenholz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Wilcoxson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean W Marshall

    EXEC DIR/TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ryan P Dobbs

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202413039349301986

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