Overview
What is Permian Basin Area Foundation?
The Permian Basin Area Foundation, located at 3312 Andrews Highway, Midland, Texas, is a nonprofit organization dedicated to community capacity building. By partnering with numerous donors, they establish permanent charitable funds and grant funds to cater to local needs and enhance the quality of life in the Permian Basin area. Through these efforts, they have awarded 471 grants to various organizations and 387 individuals with scholarships, as stated in their approved applications. Their mission focuses on cultivating lasting charitable funds and distributing grants to address community requirements. The foundation operates with a small team of 11 employees.
Official website here: www.pbaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Permian Basin Area Foundation has achieved an outstanding Four-Star rating from Charity Navigator, reflecting a perfect score in Accountability & Finance. This high rating showcases the organization's strong commitment to transparency and responsible financial practices, crucial for donor trust and effective nonprofit management.
Key strengths include an entirely independent board of directors, rigorous financial oversight, and a sound fiscal structure, evidenced by low liabilities and high program expense ratios. The foundation has clearly defined policies related to conflict of interest and whistleblowing, indicating a robust governance framework.
Despite these strengths, the review data does not indicate any significant limitations or areas for improvement, signaling a well-managed organization that effectively allocates its resources toward its mission. Overall, this rating highlights the foundation's dedication to accountability and its effectiveness in utilizing donations for mission-driven outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Permian Basin Area Foundation legitimate?
Permian Basin Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Permian Basin Area Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $538,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $645,725
For more financial information, click here
Official website here: www.pbaf.org
What is the mission statement of Permian Basin Area Foundation?
The Permian Basin Area Foundation plays a pivotal role in facilitating the establishment of perpetual charitable funds, in collaboration with numerous donors. Its primary objective is to provide grants, aimed at addressing community needs and enhancing the overall quality of life. The organization has granted funds to a significant number of non-profit organizations and awarded scholarships to individuals based on approved applications. Through these initiatives, the Permian Basin Area Foundation contributes to community capacity building and enriches the lives of those residing in the area.
Official website here: www.pbaf.org
Who is the CEO of Permian Basin Area Foundation?
Guy Mccrary is the President And Ceo of Permian Basin Area Foundation. The CEO's salary of Permian Basin Area Foundation is $278,433 and their total compensation is $307,193.
Official website here: www.pbaf.org
What is the revenue of Permian Basin Area Foundation?
Permian Basin Area Foundation's revenue in 2022 was $41,134,480.
Official website here: www.pbaf.org
Who are the executives of Permian Basin Area Foundation and what are their salaries?
The average compensation at Permian Basin Area Foundation during 2022 was $107,640. There are 11 employees and 64 volunteers at Permian Basin Area Foundation.
Here are 14 key members and their salaries (Permian Basin Area Foundation's CEO's salary is $278,433 and their total compensation is $307,193):
- Compensation: $278,433
- Related: $0
- Other: $28,760
- Compensation: $190,229
- Related: $0
- Other: $40,897
- Compensation: $113,849
- Related: $0
- Other: $20,272
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pbaf.org
Where can I find the form 990 for Permian Basin Area Foundation?
Permian Basin Area Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pbaf.org
Learn more at the official website: www.pbaf.org
Mission Statement of Permian Basin Area Foundation
The Permian Basin Area Foundation plays a pivotal role in facilitating the establishment of enduring charitable funds in collaboration with numerous donors. In doing so, they contribute to the development of permanent philanthropic resources within the community. Moreover, the foundation awards grants to tackle pressing community issues and enhance the overall quality of life in the Permian Basin.
By partnering with contributors, the Permian Basin Area Foundation fosters a culture of giving and long-term charitable investment. Their unwavering commitment to community development is reflected in the 471 grants they have distributed to a diverse range of non-profit organizations. Additionally, the foundation has granted scholarships to a total of 387 individuals, empowering them with educational opportunities that can positively impact their lives and contribute to the community as a whole.
The Permian Basin Area Foundation's mission is multi-faceted. It encompasses not only the creation of permanent charitable funds but also the provision of grants to address the pressing needs of the community. The foundation's grantmaking process ensures that resources are allocated effectively, enabling local organizations to carry out impactful projects that enrich the lives of those in the Permian Basin.
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Impact
October, 2024
The Permian Basin Area Foundation significantly enhances the quality of life in the Permian Basin by facilitating the creation of permanent charitable funds in collaboration with donors. Through its impactful grants, the foundation addresses pressing community needs and supports various nonprofit organizations, leading to substantial improvements across the region. With a track record of 471 grants awarded to nonprofits and 387 scholarships given to individuals, the foundation plays a crucial role in community capacity building, empowering residents and fostering growth within the area. Its commitment to philanthropy drives positive change, ensuring a brighter future for the communities it serves.
This information is meant to be a general summary of Permian Basin Area Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,865,871
- Program Service Revenue: $30,000
- Gross Receipts: $86,867,216
Assets and Liabilities:
- Total Assets: $251,108,203
- Total Liabilities: $7,497,051
- Net Assets: $243,611,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fiscal sponsorship fees received
Revenue
$30,000
Organization Details
Founding Year
1989
Phone
(432) 617-3213Principal Officer
Guy Mccrary
Main Address
3312 Andrews Highway, Midland, TX, 79703
Website
www.pbaf.orgNTEE Category
Code: T31 - Philanthropy
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