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Nonprofiteer
← WEST TEXAS HERITAGE HOLDINGS INC

Form 990 for tax year 2023

Filed by WEST TEXAS HERITAGE HOLDINGS INC.

Totals

Total revenue
$1,340
Total expenses
$1,529
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$310
Other revenue
$1,030
Total assets, end of year
$18,336
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,336
Program services expenses (Part IX)
$0
Management and general expenses
$1,486
Fundraising expenses
$43
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $310 · related or exempt $0 · unrelated business $0 · excluded $310

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Insurance reimbursement

    total $794 · related or exempt $0 · unrelated business $0 · excluded $794

  • 11b · Other revenue: Utilities return of deposit

    total $236 · related or exempt $0 · unrelated business $0 · excluded $236

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,030

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $5 · management and general $5

  • 16 · Occupancy

    total $43 · fundraising $43

  • 20 · Interest

    total $0

  • 23 · Insurance

    total $1,481 · management and general $1,481

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $484,434 · end of year $18,336

  • 25 · Other liabilities

    beginning of year $465,909 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,525 · end of year $18,336

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

West Texas Heritage Holdings, Inc. supports the ongoing programs of Permian Basin Area Foundation by receiving gifts of non-cash intangible or tangible illiquid assets, including but not limited to intangible or tangible personal property, real estate, and interests in oil, gas, and other mineral properties, to be held and managed or liquidated by sale for the benefit of Permian Basin Area Foundation.

  • West Texas Heritage Holdings, Inc. remained readily available to support the ongoing programs of the Permian Basin Area Foundation.

As filed on the 2023 return.

Listed in Part VII

  • Guy McCrary

    Executive Vice President

    Total calculated
    $325,725
    From this org
    $0
    From related orgs
    $295,281
    Other
    $30,444
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,281 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,444 related
    Filer's total
    $0 + $325,725 related

  • Trey Grafa

    President

    Total calculated
    $0
    Hours/week
    1

  • Tracy K Elms

    Secretary and Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Todd Meade

    Ex Officio

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Barron

    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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202441299349302354

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