Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990; $583K paid to officers and key staff.
Guy McCrary’s $438K as President and CEO is at the 87th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Guy McCrary | $438,233 | $319,150 | $295,281 | $278,433 | $262,386 | $251,771 |
| Cyndi Vara | $244,460 | $204,377 | $188,959 | $190,229 | $166,178 | $166,548 |
| Jennifer Steadman | $161,986 | $126,966 | — | — | — | — |
| Sherri Heiting | — | — | $117,247 | $113,849 | — | — |
| Raymond Williams | $115,576 | $103,100 | — | — | — | — |
| Cari Whitaker | $114,839 | $101,576 | — | — | — | — |
| Aaron Bedell | — | — | — | — | — | $88,501 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Permian Basin Area Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Partners with donors to build permanent charitable funds and provides grants, capacity building, and educational resources to strengthen West Texas communities and nonprofits.
Questions for Permian Basin Area Foundation
Your first name shows with your question. Permian Basin Area Foundation answers here, for everyone.
Community Capacity Building Programs
471 grants to various non-profit organizations and 387 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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|
| End of yearLn 1g | $195.5M | $220.9M | $197.5M | $184.5M | $149.8M |
| Given inLn 1b | $19.5M | $6.8M | $1.1M | $15.1M | $22.9M |
| SpentLn 1d–1f | $9.2M | $8.4M | $6.8M | $10.3M | $5.9M |
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.8M | $3.5M |
| InvestmentsLn 11–13 | $245.0M | $227.1M |
| Land, buildings, equipmentLn 10c | $4.2M | $4.1M |
| Total assetsLn 16 | $279.7M | $251.1M |
| LiabilitiesLn 26 | $9.0M | $7.5M |
| Net assetsLn 32 | $270.7M | $243.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $18.8M | $18.8M | ||
| Grants to domestic individualsLn 2 | $694K | $694K | ||
| Pay of current officers, directors and key staffLn 5 | $538K | $85K | $408K | $45K |
| Other salaries and wagesLn 7 | $646K | $230K | $405K | $10K |
| Pension plan contributionsLn 8 | $55K | $19K | $35K | $1K |
| Other employee benefitsLn 9 | $58K | $18K | $37K | $3K |
| Payroll taxesLn 10 | $72K | $21K | $48K | $3K |
| Management feesLn 11a | $135K | $135K | ||
| Accounting feesLn 11c | $39K | $39K | $19 | |
| Investment management feesLn 11f | $1.2M | $1.2M | ||
| Advertising and promotionLn 12 | $12K | $4K | $875 | $7K |
| Office expensesLn 13 | $24K | $5K | $18K | $1K |
| Information technologyLn 14 | $95K | $39K | $52K | $3K |
| OccupancyLn 16 | $43K | $12K | $30K | $2K |
| TravelLn 17 | $12K | $7K | $5K | $1K |
| Depreciation, depletion and amortizationLn 22 | $155K | $42K | $106K | $7K |
| InsuranceLn 23 | $76K | $10K | $29K | $37K |
| Other expenses (24a–d)Ln 24 | $137K | $9K | $81K | $47K |
| All other expensesLn 24e | $15K | $3K | $10K | $3K |
| Total functional expensesLn 25 | $22.8M | $20.0M | $2.6M | $171K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jul 21, 2026 | $60.5M | $20.5M | $40.0M | $383.0M | 990 PDF |
| FY2024Filed with the IRS Sep 3, 2025 | $43.7M | $17.0M | $26.7M | $322.4M | 990 PDF |
| FY2023Filed with the IRS May 8, 2024 | $37.3M | $19.9M | $17.4M | $285.1M | 990 PDF |
| FY2022 ViewingFiled with the IRS May 12, 2023 | $41.1M | $22.8M | $18.3M | $243.6M | 990 PDF |
| FY2021Filed with the IRS Apr 27, 2022 | $33.1M | $14.1M | $19.0M | $270.7M | 990 PDF |
| FY2020Filed with the IRS May 26, 2021 | $19.4M | $11.8M | $7.6M | $232.6M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $41,134,480 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $41,134,480 across 14 lines filed
Part IX · Statement of functional expenses $22,816,810 across 19 lines filed
Part X · Balance sheet $251,108,203 assets, 30 lines filed
Part XI · Reconciliation of net assets $243,611,152 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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