2023-05-11T11:42:18-07:00 2022-12-31 990 2022-01-01 271928634 WEST TEXAS HERITAGE HOLDINGS INC WEST 4326173213 3312 Andrews Highway Midland TX 79703 Guy McCrary Executive Vice President 4326173213 2022-04-30 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Guy McCrary 3312 Andrews Hwy Midland TX 79703 1006233 0 X X 2010 TX West Texas Heritage Holdings, Inc. supports the ongoing programs of Permian Basin Area Foundation by receiving gifts of non-cash intangible or tangible illiquid assets, including but not limited to intangible or tangible personal property, real estate, and interests in oil, gas, and other mineral properties, to be held and managed or liquidated by sale for the benefit of Permian Basin Area Foundation. 4 4 0 4 0 0 0 537279 0 0 -28356 15957 0 2997 -28356 556233 0 692488 0 0 0 0 0 0 19481 1417 21024 1417 713512 -29773 -157279 175804 484434 0 465909 175804 18525 West Texas Heritage Holdings, Inc. supports the ongoing programs of Permian Basin Area Foundation by receiving gifts of non-cash intangible or tangible illiquid assets, including but not limited to intangible or tangible personal property, real estate, and interests in oil, gas, and other mineral properties, to be held and managed or liquidated by sale for the benefit of Permian Basin Area Foundation. 0 0 692488 692488 0 West Texas Heritage Holdings received, marketed and sold a real property interest and other contributions, and made grants to support the ongoing programs of the Permian Basin Area Foundation. 0 0 0 692488 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X Cyndi Vara 4326173213 3312 Andrews Highway Midland TX 79703 Guy McCrary Executive Vice President 2 40 X 0 278433 28760 Tracy K Elms Secretary and Treasurer 1 0 X X 0 0 0 Steve Barron Director 1 0 X 0 0 0 Trey Grafa President 1 0 X X 0 0 0 Todd Meade Ex Officio 1 1 X 0 0 0 0 278433 28760 0 0 1 0 0 0 0 0 25000 0 512279 450000 537279 0 48 0 0 48 0 0 0 0 0 0 0 0 0 0 0 465909 0 450000 0 15909 15909 0 0 15909 0 Referral fee for sale of home 900099 2997 0 0 2997 0 0 0 0 2997 556233 0 0 18954 692488 692488 5 5 16999 16999 3170 1504 1666 850 34 816 713512 692488 1543 19481 175804 484434 175804 484434 0 465909 0 465909 X 175804 18525 0 0 175804 18525 175804 484434 -157279 0 0 0 0 0 X 0 1 X 1 0 X X X 1 Permian Basin Area Foundation 752295008 8 1 692488 0 1 692488 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Grant payable to related organization 465909 465909 X Schedule D, Part X, Line 2 The Foundation is exempt from federal income tax under section 501(a) as a Foundation described in section 501(c)(3) of the Internal Revenue Code (the Code), and has been determined not to be a private foundation under section 509(a) of the Code. As a result, income taxes are not included in the Foundation's consolidated financial statements. The Foundation complies with FASB ASC Topic 740, Accounting for Uncertainty in Income Taxes (Topic 740), which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the Foundation's tax positions and concluded that the Foundation has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. With few exceptions, the Foundation is no longer subject to income tax examinations by the U.S. federal tax authorities for years ending before December 31, 2019. 1 Permian Basin Area Foundation 3312 Andrews Highway Midland TX 79703 752295008 692488 To support the programs of the Permian Basin Area Foundation. 1 0 Schedule I, Part I, Line 2 West Texas Heritage Holdings, Inc made grants during 2022 to Permian Basin Area Foundation, a related organization supported by West Texas Heritage Holdings, Inc. The President and CEO of Permian Basin Area Foundation provided details to West Texas Heritage Holdings, Inc. Board on the use of the grant funds. X X X 0 0 0 0 0 0 0 0 0 Guy McCrary Executive Vice President 0 278433 0 0 0 0 0 0 0 28760 0 307193 0 0 X 1 450000 Fair Value 0 0 1 1 Schedule M, Part I, Line 32b West Texas Heritage Holdings hired a real estate agent to sell the donated residential real estate. Form 990, Part VI, Section A, Line 2 Todd Meade and Trey Grafa are related by marriage. Form 990, Part VI, Section B, Line 11b The Chief Financial Officer and Staff Accountant of the supported organization prepare the Form 990. The independent audit firm and Executive Vice President review the Form 990; then the Form 990 is reviewed and approved by the Board. The Board is provided with a final copy of the Form 990 prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c Annually each Board member receives a copy of the organization's Conflict of Interest Policy. Each Board member must also sign an acknowledgement certifying their awareness and understanding of the Conflict of Interest Policy. Also annually each Board member is asked to disclose all of their community and business affiliations to help the Executive Vice President identify potential conflicts of interest. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents and conflict of interest policies available to the public upon request. The organization provides its audited consolidated financial statements available to the public upon request. Permian Basin Area Foundation 3312 Andrews Highway Midland TX 79703 752295008 Community Foundation TX 501c3 Public Charity N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Permian Basin Area Foundation b 692488 Cash