Nonprofit · EIN 75-2295008
PERMIAN BASIN AREA FOUNDATION
Tax-exempt · MIDLAND, TX 79703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $60,538,071 | $20,523,099 | $40,014,972 | $391,063,630 | $8,023,885 | $383,039,745 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $39,084,652
- Program service revenue
- $0
- Investment income
- $20,386,178
- Royalties
- $974,466
- Net gain from sales of assets
- $10,122,955
- Other revenue
- $1,067,241
Expenses
- Grants and similar amounts paid
- $16,278,287
- Compensation of officers, directors and key employees
- $965,202
- Other salaries and wages
- $611,697
- Salaries, compensation and benefits (total)
- $1,772,789
- Professional fundraising fees
- $0
- Legal fees
- $3,772
- Accounting fees
- $65,023
- Occupancy
- $70,880
- Travel
- $6,885
- Depreciation
- $155,346
- Program services (functional)
- $16,751,807
- Management and general (functional)
- $3,587,375
- Fundraising (functional)
- $183,917
Balance sheet and other
- Total assets, start of year
- $331,047,670
- Total assets, end of year
- $391,063,630
- Total liabilities, end of year
- $8,023,885
- Net assets, end of year
- $383,039,745
- Land, buildings and equipment
- $3,712,837
- Publicly traded securities
- $345,795,512
- Net assets without donor restrictions
- $362,743,190
- Net assets with donor restrictions
- $20,296,555
- Gross receipts
- $114,946,386
- Employees
- 9
- Volunteers
- 76
- Year formed
- 1989
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Guy McCrary | President and CEO Officer | 40 | $438,233 | $37,202 |
| Cyndi Vara | Chief Financial Officer Officer | 40 | $244,460 | $56,845 |
| Jennifer Steadman | Chief Operating Officer Key employee | 40 | $161,986 | $26,476 |
| Cari Whitaker | Finance and Accounting Administrator Highest-paid employee | 40 | $114,839 | $34,080 |
| Raymond Williams | Grants Officer Highest-paid employee | 40 | $115,576 | $21,455 |
| Wesley Bownds | Chair Trustee or director, Officer | 1 | $0 | $0 |
| R Alan Hale | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Bryan Heflin | Secretary - Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Bethany Etheredge | Director Trustee or director | 1 | $0 | $0 |
| Mara Hobbs | Director Trustee or director | 1 | $0 | $0 |
| Andrew Semer | Director Trustee or director | 1 | $0 | $0 |
| G E Peterson | Director Trustee or director | 1 | $0 | $0 |
| Madison Rose | Director Trustee or director | 1 | $0 | $0 |
| Reggie Baker | Director Trustee or director | 1 | $0 | $0 |
| Steve Barron | Director Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lindsay Ridgeway | Director Trustee or director | 1 | $0 |
| Blane Heflin | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3312 ANDREWS HWY, MIDLAND, TX 79703-5131
- Principal officer (990 for 2025)
- Guy McCrary, 3312 Andrews Highway, Midland, TX 79703
- Signed the 990
- Guy McCrary, President and CEO
- Phone
- (432) 617-3213
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2295008
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $391,063,630
- Income (IRS master file)
- $114,946,386
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $37,299,270 | $19,940,623 | $294,673,980 | IRS |
| 990 | December 2022 | $41,134,480 | $22,816,810 | $251,108,203 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about PERMIAN BASIN AREA FOUNDATION
- What is the EIN of PERMIAN BASIN AREA FOUNDATION?
- The employer identification number (EIN) of PERMIAN BASIN AREA FOUNDATION is 75-2295008.
- Is PERMIAN BASIN AREA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to PERMIAN BASIN AREA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PERMIAN BASIN AREA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PERMIAN BASIN AREA FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PERMIAN BASIN AREA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PERMIAN BASIN AREA FOUNDATION?
- The 990 for the year ended December 31, 2025 names Guy McCrary.
- Who are the officers and directors of PERMIAN BASIN AREA FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 5 received compensation from the organization, the highest $438,233 (Guy McCrary, President and CEO).
- How much revenue does PERMIAN BASIN AREA FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $60,538,071, expenses of $20,523,099 and total assets of $391,063,630 at year end.
Other nonprofits in MIDLAND
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- AMY BELL CHARITIES INC EIN 86-2444500 · last filed 990 for 2025
- MCT ENDOWMENT CORPORATION EIN 83-0754325 · last filed 990 for 2024
- MIDLAND TEEN COURT INC EIN 75-2503655 · last filed 990 for 2025
- PROFESSIONAL FIREFIGHTERS ASSOCIATION OF MIDLAND CHARITABLE EIN 86-3465128 · last filed 990 for 2024
- ARCHWAY OUTREACH INC EIN 83-1434797 · last filed 990 for 2025
- PERMIAN BASIN OILMANS BASS INVITATIONAL INC EIN 75-2557790 · last filed 990 for 2025
- WAY OUT WESTES INC EIN 93-3072069 · last filed 990-EZ for 2025
All nonprofits in MIDLAND · Texas · Philanthropy, voluntarism and grantmaking foundations