Totals
- Total revenue
- $379,170
- Total expenses
- $330,820
- Contributions and grants received
- $515,704
- Grants paid
- $280,000
- Program service revenue
- $0
- Investment income
- $3,164
- Other revenue
- -$139,698
- Total assets, end of year
- $381,127
- Total liabilities, end of year
- $299,152
- Net assets or fund balances, end of year
- $81,975
- Program services expenses (Part IX)
- $295,650
- Management and general expenses
- $35,170
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $295,650
Program services were 89.4% 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
$311,583
-
1f · All other contributions, gifts and grants
$204,121
-
3 · Investment income
total $3,164 · related or exempt $3,164
-
8a · Fundraising events: gross income
$121,056
-
8a · Fundraising events: contributions included on line 1c
$311,583
-
8b · Fundraising events: direct expenses
$260,754
-
8c · Net income from fundraising events
total -$139,698 · excluded -$139,698
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $280,000 · program services $280,000
-
11g · Fees: other
total $4,340 · management and general $4,340
-
12 · Advertising and promotion
total $26,918 · management and general $26,918
-
13 · Office expenses
total $19,562 · program services $15,650 · management and general $3,912
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $248,160 · end of year $349,901
-
9 · Prepaid expenses and deferred charges
beginning of year $1,221 · end of year $31,226
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $19,152
-
18 · Grants payable
beginning of year $215,000 · end of year $280,000
-
27 · Net assets without donor restrictions
beginning of year $34,381 · end of year $81,975
Mission and programs · 2024
Mission
SUPPORTING UNDERSERVED CAUSES IN THE PERMIAN BASIN THROUGH OUR FUNDRAISING EVENT, THE PERMIAN BASIN ROCKY MOUNTAIN GOLF SUMMIT.
-
IN 2023 THE PERMIAN SUMMIT FOUNDATION BEGAN RAISING FUNDS FOR UNDERSERVED CAUSES IN THE PERMIAN BASIN OF TEXAS AND NEW MEXICO. TO DATE THOSE EFFORTS HAVE BEEN PRINCIPALLY DIRECTED AT SUPPORTING HARMONY HOME CHILDREN'S ADVOCACY CENTER OF ODESSA TEXAS, A NON-PROFIT THAT SERVES ABUSED AND NEGLECTED CHILDREN ACROSS WEST TEXAS. OTHER CONTRIBUTIONS SERVED LOCAL CHILDREN AND HEALTH RELATED CAUSES. OUR INAUGURAL EFFORT IN 2023 GENERATED OVER $250,000 IN REVENUE AND $215,000 DIRECTED TO HARMONY HOME'S EFFORTS. OUR 2024 EFFORTS RAISED OVER $400,000 IN REVENUE AND DISTRIBUTING $2,000 TO OUR CHARITABLE EFFORTS. WE ARE PLEASED THAT WE'VE BEEN ABLE TO DELIVER $2,000 TO CLOTHES FOR KIDS OF DENVER, AND $350,000 DIRECTED TO HARMONY HOME'S EFFORTS.
Expenses $295,650 · Grants $280,000
As filed on the 2024 return.
Listed in Part VII
-
Jack Blake JrJACK BLAKE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Skylar FastSKYLAR FAST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julie HinkleJULIE HINKLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt SmithMATT SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Taylor ThoresonTAYLOR THORESON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron TenenholzAARON TENENHOLZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew WilcoxsonMATTHEW WILCOXSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sean W MarshallSEAN W MARSHALL
EXEC DIR/TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Ryan P DobbsRYAN P DOBBS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Jason WebbJASON WEBB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ethan HouseETHAN HOUSE
BOARD MEMBER
- 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.
Grants on this return
-
OPERATIONAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349309802
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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