Nonprofit · EIN 26-2527362
SCHARBAUER FOUNDATION INC
Tax-exempt · MIDLAND, TX 79701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $84,623,911 | $32,678,274 | $51,945,637 | $560,046,320 | $0 | $560,046,320 |
| December 31, 2023 | 990-PF | $79,698,649 | $23,384,535 | $56,314,114 | $453,959,556 | $0 | $453,959,556 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $11,466,192
- Interest
- $763,765
- Net gain from sales of assets
- $804,425
- Other income
- $71,589,529
Expenses
- Grants and similar amounts paid
- $27,346,033
- Compensation of officers, directors and key employees
- $1,314,056
- Salaries, compensation and benefits (total)
- $251,538
- Disbursements for charitable purposes
- $29,568,269
- Excise tax on investment income
- $1,110,146
Balance sheet and other
- Total assets, start of year
- $453,959,556
- Total assets, end of year
- $560,046,320
- Total liabilities, end of year
- $0
- Net assets, end of year
- $560,046,320
- Fair market value of assets
- $658,759,406
- Qualifying distributions
- $29,604,209
- Net investment income
- $88,819,458
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRANT A BILLINGSLEY THRU 123124 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | PRESIDENT AND CEO | 40 | $601,153 | $75,365 |
| MARY ANN BENINATI BEGAN 72924 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | EXECUTIVE VICE PRESIDENT | 40 | $264,103 | $23,318 |
| SARAH A SHAW 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | VICE PRESIDENT AND SECRETARY | 40 | $243,100 | $50,861 |
| JOANN PRICE 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | TREASURER | 40 | $205,700 | $65,359 |
| MEGAN BUCK 300 N MARIENFELD SUITE 900, MIDLAND, TX 79701 | PROGRAM OFFICER Highest-paid employee | 40 | $99,000 | $33,068 |
| SHANNA WILLIAMS 300 N MARIENFELD SUITE 900, MIDLAND, TX 79701 | PROGRAM ADMINISTRATO Highest-paid employee | 40 | $80,850 | $46,802 |
| DAVID GUERRERO 300 N MARIENFELD SUITE 900, MIDLAND, TX 79701 | STAFF ACCOUNTANT Highest-paid employee | 40 | $71,688 | $11,565 |
| DAN HORD 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | CHAIR | 0.05 | $0 | $0 |
| JIM NELSON 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | VICE CHAIR | 0.05 | $0 | $0 |
| JAMES M ALSUP 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | ASSISTANT SECRETARY | 0.05 | $0 | $0 |
| GARY DOUGLAS 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | ASSISTANT TREASURER | 0.05 | $0 | $0 |
| CINDY BLACK 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
| TIM LEACH 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
| KATY MORROW 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
| SCOTT RYBURN 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
990-PF for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRANT A BILLINGSLEY 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | PRESIDENT AND CEO | 40 | $508,200 | $74,735 |
| SARAH A SHAW 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | VICE PRESIDENT AND SECRETARY | 40 | $217,308 | $45,013 |
| JOANN PRICE 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | TREASURER | 40 | $187,000 | $60,465 |
| MEGAN BUCK 300 N MARIENFELD SUITE 900, MIDLAND, TX 79701 | PROGRAM OFFICER Highest-paid employee | 40 | $92,400 | $32,620 |
| SHANNA WILLIAMS 300 N MARIENFELD SUITE 900, MIDLAND, TX 79701 | PROGRAM ADMINISTRATO Highest-paid employee | 40 | $75,900 | $53,381 |
| CLARENCE SCHARBAUER III 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR THROUGH MARCH 2023 | 0.05 | $0 | $0 |
| DAN HORD 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | CHAIR | 0.05 | $0 | $0 |
| JIM NELSON 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | VICE CHAIR | 0.05 | $0 | $0 |
| JAMES M ALSUP 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | ASSISTANT SECRETARY | 0.05 | $0 | $0 |
| GARY DOUGLAS 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | ASSISTANT TREASURER | 0.05 | $0 | $0 |
| CINDY BLACK 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
| TIM LEACH 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
| KATY MORROW 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
| SCOTT RYBURN 300 N MARIENFELD ST SUITE 900, MIDLAND, TX 79701 | DIRECTOR | 0.05 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 N MARIENFELD ST STE 900, MIDLAND, TX 79701-4387
- Signed the 990-PF
- MARY ANN BENINATI, PRESIDENT & CEO
- Phone
- (432) 683-2222
- Website
- WWW.SCHARBAUERFOUNDATION.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-2527362
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $560,046,320
- Income (IRS master file)
- $102,387,966
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $84,623,911 | $32,678,274 | $560,046,320 | XML |
| 990-PF | December 2023 | $79,698,649 | $23,384,535 | $453,959,556 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2527362).
Questions about SCHARBAUER FOUNDATION INC
- What is the EIN of SCHARBAUER FOUNDATION INC?
- The employer identification number (EIN) of SCHARBAUER FOUNDATION INC is 26-2527362.
- Is SCHARBAUER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SCHARBAUER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SCHARBAUER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SCHARBAUER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHARBAUER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SCHARBAUER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 15 people; 7 received compensation from the organization, the highest $601,153 (GRANT A BILLINGSLEY THRU 123124, PRESIDENT AND CEO).
- How much revenue does SCHARBAUER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $84,623,911, expenses of $32,678,274 and total assets of $560,046,320 at year end.
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All nonprofits in MIDLAND · Texas · Philanthropy, voluntarism and grantmaking foundations