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Permian Basin Area Foundation

Midland, TX · EIN 75-2295008 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2025 (tax year 2025) · View the filing · Correct or respond

Permian Basin Area Foundation reported $60.5 million in revenue and $20.5 million in expenses for calendar year 2025. Of every $100 it spent, $81.62 went to program services, $17.48 to management and general costs and $0.90 to fundraising. Its largest source of revenue was contributions and grants: 64.6% of the total. The highest compensation it reported for one person was $475,435 (President and CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 97% between 2019 and 2025. Source: Form 990, 2025.

Where $100 of spending went

Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $21M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2025 · Form 990, Part VIII · total revenue $61M

The 990 scorecard · same measures for every charity, no grades

2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.6%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
17.5%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.9%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
64.6%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$475,435$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.32%1.56%
People paid over $100,000
Part VII, line 2
53
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
224.056.6
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2025 · Form 990, Part III · the three largest programs by expense
$17M expenses · 99.7% of program spending · grants $16M

Community capacity building programs: 549 grants to various non-profit organizations and 417 individuals awarded scholarships; based on approved grant and scholarship applications

$56,818 expenses · 0.3% of program spending

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

Highest reported compensation

2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President and CEO
Officer, 40 hrs/week
$438,233$0$37,202$475,435
Chief Financial Officer
Officer, 40 hrs/week
$244,460$0$56,845$301,305
Chief Operating Officer
Key employee, 40 hrs/week
$161,986$0$26,476$188,462
Finance and Accounting Administrator
Highest compensated employee, 40 hrs/week
$114,839$0$34,080$148,919
Grants Officer
Highest compensated employee, 40 hrs/week
$115,576$0$21,455$137,031

5 people received more than $100,000 in reportable compensation from Permian Basin Area Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $965K (Part IX, line 5).

7 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M2019202020212022202320242025$61M$21M
FilingRevenueExpensesProgramsNet assetsTop pay
2025 ⓘ$61M$21M81.6%$383M$475,435
2024 ⓘ$44M$17M81.0%$322M$352,329
2023 ⓘ$37M$20M85.9%$285M$325,725
2022 ⓘ$41M$23M87.8%$244M$307,193
2021 ⓘ$33M$14M81.2%$271M$289,541
2020 ⓘ$19M$12M77.6%$233M$278,218
2019 ⓘ$31M$14M79.4%$213M$258,119

Governance answers, as filed

2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 59
  • Volunteers Part I, line 676

Largest outside contractors

2025 · Form 990, Part VII, Section B · businesses only
RBC Wealth Management
Investment Consultant and Management Services
$863,638
Wells Fargo Wealth Management
Investment Consultant and Management
$297,783
Mason Investment Advisory Services
Investment Consultant and Management Services
$149,806
The Richards Group Inc
Publication Design
$131,290

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

11 private foundations reported grants to Permian Basin Area Foundation totaling $674K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Permian Basin Area Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Permian Basin Area Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of Permian Basin Area Foundation's spending goes to programs?

In calendar year 2025, Permian Basin Area Foundation reported that 81.6% of its $20.5 million in expenses went to program services, 17.5% to management and general and 0.9% to fundraising (Form 990, Part IX).

How much does Permian Basin Area Foundation pay its top executive?

The largest total compensation Permian Basin Area Foundation reported for one person in calendar year 2025 was $475,435, for the role of President and CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Permian Basin Area Foundation get its money?

Of $60.5 million in revenue in calendar year 2025, 64.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Permian Basin Area Foundation a registered charity?

The IRS lists EIN 75-2295008 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2025: Form 990 for calendar year 2025, object 202642029349301559 · read the filing · XML
  • 2024: Form 990 for calendar year 2024, object 202502469349301040 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202421299349302317 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202321329349302167 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202241179349302009 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202131469349301018 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013179349306426 · read the filing

All filings for EIN 75-2295008: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.