EIN 75-2295008

Permian Basin Area Foundation

IRS 501(c) type
501(c)(3)
Num. employees
11
State
Year formed
1989
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Permian Basin Area Foundation operates as a permanent charitable endowment offering countless options through which a donor may leave a lasting legacy to their community or chosen charitable cause. 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. As a community foundation, we strive to serve as a resource for philanthropists of all manner and means.
Total revenues
$37,299,270
2023
Total expenses
$19,940,623
2023
Total assets
$294,673,980
2023
Num. employees
11
2023

Program areas at Permian Basin Area Foundation

Community capacity building programs: 508 grants to various non-profit organizations and 436 individuals awarded scholarships; based on approved grant and scholarship applications.
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 2023 the Foundation conducted 41 education meetings and/or events with nonprofits.

Grants made by Permian Basin Area Foundation

GranteeGrant descriptionAmount
Trinity School of MidlandEducational$1,151,022
Permian Basin Behavioral Health CenterHealth Mental Health$1,000,000
Midland Memorial FoundationHealth Mental Health$757,132
...and 143 more grants made totalling $12,694,704

Who funds Permian Basin Area Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Nettie Millhollon Educational Trust EstateNettie Millhollon Scholarship Fund, Stanton Isd, Grady Isd$2,797,189
The Blackbaud Giving FundGeneral Support$500,500
Still Water FoundationCharitable - Still Water Foundation Ii Donor-Advised Fund.$435,000
...and 15 more grants received

Personnel at Permian Basin Area Foundation

NameTitleCompensation
Guy McCraryPresident and Chief Executive Officer$278,433
Cyndi VaraChief Financial Officer$190,229
Todd MeadeChair$0
R Alan HaleSecretary - Treasurer$0
Wesley BowndsVice Chair$0
...and 8 more key personnel

Financials for Permian Basin Area Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$25,786,317
Program services$0
Investment income and dividends$6,378,392
Tax-exempt bond proceeds$0
Royalty revenue$1,371,369
Net rental income$0
Net gain from sale of non-inventory assets$3,682,012
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$81,180
Total revenues$37,299,270

Form 990s for Permian Basin Area Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-11990View PDF
2021-122022-04-27990View PDF
2020-122021-06-01990View PDF
2019-122021-02-26990View PDF
2018-122019-10-12990View PDF
...and 9 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $57,586 from E J and Ruby Wheeler Cleveland Charitable Trust #1
February 3, 2024
Received grants
Identified 11 new grant, including a grant for $2,797,189 from Nettie Millhollon Educational Trust Estate
October 23, 2023
Received grants
Identified 21 new grant, including a grant for $5,000,000 from JE and LE Mabee Foundation
July 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Operates donor advised fundsProvides grantsLobbyingEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
3312 Andrews Hwy
Midland, TX 79703
Metro area
Midland, TX
County
Midland County, TX
Website URL
pbaf.org/ 
Phone
(432) 617-3213
Facebook page
PermianBasinAreaFoundationScholarships 
IRS details
EIN
75-2295008
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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