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Scharbauer Foundation INC

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Midland, TX501(c)(3)Foundations & Grantmakers EIN 26-2527362Total revenue $84.6M in FY2024Latest return filed Sep 23, 2025

On file with the IRSscharbauerfoundation.orgTax-exempt since Nov 2009Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$1.3M paid to officers and key staff.
Status: IRS Pub. 78 · Pay: 990-PF Part VIII

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990-PF
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
The latest return is for FY2024, current with the IRS.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $49.7M a year · 70% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$1.3M
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
990-PF Part VIII
Cash reserves
4.9 mo
of spending, in cash
4.9 months of spending in cash.
990-PF Pt II · Ln 1–2 · Pt I · Ln 26
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
990-PF Pt II · Ln 23
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Total revenue
$84.6M
+6% vs prior year
Total expenses
$32.7M
Net assets
$560.0M
$658.8M at market value
By yearFY2020–FY2024
Revenue
$84.6M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$34.3M
FY2021$69.1M
FY2022$89.8M
FY2023$79.7M
FY2024$84.6M
Expenses
$32.7M
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.8M
FY2021$18.7M
FY2022$17.2M
FY2023$23.4M
FY2024$32.7M
Net assets
$560.0M
FY2024▲ +23%
$658.8M at market value
Tap a bar for its year
Net assets by fiscal year
FY2020$204.6M, $350.1M at market value
FY2021$247.6M, $406.8M at market value
FY2022$320.7M
FY2023$454.0M
FY2024$560.0M

From the FY2024 Form 990-PF · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 84% · $27.3M Operating & administrative 16% · $5.3M

Form 990-PF Part I, lines 24–26. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990-PF; $1.3M paid to officers and key staff (990-PF Part VIII).

990-PF Part VIII · reportable compensation
$601,153990-PF Pt VIII
Mary Ann Beninati Began 72924
Executive Vice President
$264,103990-PF Pt VIII
Sarah a Shaw
Vice President and Secretary
$243,100990-PF Pt VIII
Joann Price
Treasurer
$205,700990-PF Pt VIII
Cindy Black
Director
$0990-PF Pt VIII
Tim Leach
Director
$0990-PF Pt VIII
$0990-PF Pt VIII
Scott Ryburn
Director
$0990-PF Pt VIII

Compensation history total reportable pay by year · 5 named individuals · 990-PF Part VIII

NameFY2024FY2021
Grant a Billingsley Thru 123124$601,153—
Grant Billingsley—$414,000
Mary Ann Beninati Began 72924$264,103—
Sarah a Shaw$243,100$181,500
Joann Price$205,700$125,250

Total reportable compensation (Form 990-PF Part VIII column (c) / Schedule J column E) by filing year, matched by name within this organization, with a nickname or small spelling change read as the same person. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Scharbauer Foundation INC executive salaries →

About this organization

A private foundation based in Midland, TX.

From the Business Master File: activity code (NTEE), foundation code and address.

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Grants

Who it funds.

Who They Fund

Part XV · grants paid · 66 grants · $27.3M · FY2024
Midland Athletic Syndicate INCTX · FY2024$8,500,000
Midland Memorial FoundationTX · FY2024$7,000,000
Harmony Public SchoolsTX · FY2024$4,000,000
Permian Basin Medical Center (dba the Beacon Alliance)FY2024$1,237,348
The University of Texas of the Permian BasinFY2024$1,190,282
The Holdsworth CenterTX · FY2024$750,000
Bynum SchoolTX · FY2024$750,000
Permian Basin Area FoundationTX · FY2024$500,000
Midland College Foundation INCTX · FY2024$500,000
Midland Community Theatre INCTX · FY2024$425,000
Northeast Midland County Volunteer Fire Department INCTX · FY2024$350,000
PermiacareFY2024$255,000
Mission AgapeFY2024$200,000
Casa De Amigos of Midland Texas IncorporatedTX · FY2024$185,000
United Way of Midland INCTX · FY2024$150,000
The Springboard CenterTX · FY2024$100,000
Midland College Foundation INCTX · FY2024$88,000
Individual RecipientFY2024$81,850
See all 66 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV48
Average grantPart XV$414K
Median grantPart XV$25K
Largest grantPart XV$8.5M
Top cause focusPart XV grants by grantee NTEE, share of grant countHuman Services (23%)

By the numbers

The FY2024 990-PF, line by line.

Download 990-PF
from philanthropy.org
1The main four
Money in
$84.6M
Other income$71.6M
Investment income$13.0M
Money out
$32.7M
Grants paid$27.3M
Running costs$5.3M
Owns and owes
$560.0M
net assets
Cash and savings$13.4M
Total assets$560.0M
Liabilities$0
People
12
listed
Paid4
2In more detail
Revenue in detail
Investment income$13.0M
Other income$71.6M
Total revenue$84.6M
Assets in detailEnd of year
Cash and savings together$13.4M
Total assets$560.0M
Liabilities$0
Net assets$560.0M
Operations
Fiscal year endsDecember

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 23, 2025 $84.6M$32.7M$51.9M$560.0M$658.8M at market value 990-PF PDF
FY2023Filed with the IRS Oct 28, 2024 $79.7M$23.4M$56.3M$454.0M$552.7M at market value 990-PF PDF
FY2022Filed with the IRS Jul 11, 2023 $89.8M$17.2M$72.6M$320.7M$420.8M at market value 990-PF PDF
FY2021Filed with the IRS Nov 14, 2022 $69.1M$18.7M$50.4M$247.6M$406.8M at market value 990-PF PDF
FY2020Filed with the IRS Nov 11, 2021 $34.3M$16.8M$17.4M$204.6M$350.1M at market value 990-PF PDF
See the full FY2024 990-PF
Part I · Revenue and expenses $84,623,911 in, $32,678,274 out
I-3 Interest on savings and temporary cashNet investment income $763,765$763,765
I-4 Dividends and interest from securitiesNet investment income $11,585,698$11,466,192
I-6a Net gain or loss from sale of assets$804,425
I-6b Gross sales price of those assets$18,568,480
I-7 Capital gain net incomeNet investment income$804,425
I-11 Other incomeNet investment income $75,665,570$71,589,529
I-12 Total revenueNet investment income $88,819,458$84,623,911
I-13 Pay of officers, directors and trusteesNet investment income $362,174 · Charitable $951,882$1,314,056
I-14 Other salaries and wagesNet investment income $3,584 · Charitable $247,954$251,538
I-15 Pension plans and employee benefitsNet investment income $88,883 · Charitable $300,575$389,458
I-16a Legal feesNet investment income $107,246 · Charitable $19,874$127,120
I-16b Accounting feesNet investment income $7,723 · Charitable $35,527$43,250
I-16c Other professional feesNet investment income $980,950 · Charitable $253,097$1,234,047
I-18 TaxesNet investment income $73,277 · Charitable $0$1,378,277
I-19 Depreciation and depletionNet investment income $0$101,116
I-20 OccupancyNet investment income $39,112 · Charitable $179,917$219,029
I-21 Travel, conferences and meetingsNet investment income $20,416 · Charitable $97,129$117,545
I-23 Other expensesNet investment income $7,269,466 · Charitable $136,281$156,805
I-24 Total operating and administrative expensesNet investment income $8,952,831 · Charitable $2,222,236$5,332,241
I-25 Grants and gifts paidCharitable $27,346,033$27,346,033
I-26 Total expenses and disbursementsNet investment income $8,952,831 · Charitable $29,568,269$32,678,274
I-27a Revenue over expenses$51,945,637
I-27b Net investment incomeNet investment income$79,866,627
Part II · Balance sheet $560,046,320 assets, $658,759,406 at market value
II-1 Cash, not earning interestStart of year $123,426 · Market value $107,311$107,311
II-2 Savings and temporary cash investmentsStart of year $5,747,840 · Market value $13,282,948$13,282,948
II-10a US and state government bondsStart of year $17,345,092 · Market value $17,643,856$17,643,856
II-10b Corporate stockStart of year $43,110,142 · Market value $48,387,235$48,387,235
II-10c Corporate bondsStart of year $19,610,976 · Market value $21,880,501$21,880,501
II-13 Other investmentsStart of year $366,449,727 · Market value $457,237,902$457,237,902
II-14 Land, buildings and equipmentStart of year $720,439 · Market value $654,653$654,653
II-15 Other assetsStart of year $851,914 · Market value $99,565,000$851,914
II-16 Total assetsStart of year $453,959,556 · Market value $658,759,406$560,046,320
II-23 Total liabilitiesStart of year $0$0
II-24 Net assets without donor restrictionsStart of year $453,959,556$560,046,320
II-29 Total net assetsStart of year $453,959,556$560,046,320
II-30 Total liabilities and net assetsStart of year $453,959,556$560,046,320
Part III · Change in net assets $453,959,556 to $560,046,320
III-1 Net assets at start of year$453,959,556
III-2 Revenue over expenses (Part I, line 27a)$51,945,637
III-3 Other increases$54,141,127
III-4 Subtotal$560,046,320
III-5 Other decreases$0
III-6 Net assets at end of year$560,046,320

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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