Nonprofit · EIN 83-0931988
PERMIAN STRATEGIC PARTNERSHIP INC
Tax-exempt · MIDLAND, TX 79701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,885,483 | $5,384,833 | $1,500,650 | $54,173,126 | $51,858,384 | $2,314,742 |
| December 31, 2023 | 990 | $5,590,737 | $5,353,895 | $236,842 | $26,021,009 | $25,401,053 | $619,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,358,868
- Membership dues
- $6,358,868
- Program service revenue
- $0
- Investment income
- $526,615
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,547,397
- Other salaries and wages
- $860,173
- Salaries, compensation and benefits (total)
- $3,755,271
- Professional fundraising fees
- $0
- Legal fees
- $17,606
- Accounting fees
- $51,130
- Occupancy
- $118,012
- Travel
- $151,880
- Depreciation
- $21,462
Balance sheet and other
- Total assets, start of year
- $26,021,009
- Total assets, end of year
- $54,173,126
- Total liabilities, end of year
- $51,858,384
- Net assets, end of year
- $2,314,742
- Land, buildings and equipment
- $87,642
- Net assets without donor restrictions
- $619,956
- Net assets with donor restrictions
- $1,694,786
- Gross receipts
- $6,885,483
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- TX
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRACEE BENTLEY | CEO/PRESIDENT Officer | 40 | $1,166,302 | $66,915 |
| DON EVANS | EXECUTIVE CHAIRMAN Trustee or director, Officer | 40 | $1,145,294 | $0 |
| CASEY G YATES | DIRECTOR OF FINANCE Key employee | 40 | $298,322 | $56,578 |
| MORGAN HERBERT | DIRECTOR OF OPERATIONS Key employee | 40 | $175,841 | $46,487 |
| BARTON CAHIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENDAN MCCRACKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS DOYLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAY BRETCHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAY GASPAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EZRA YACOB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES WALTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LINDSAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN WAITS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE KOONTZ | DIRECTOR Trustee or director | 1 | $0 |
| LANCE ROBERTSON | DIRECTOR Trustee or director | 1 | $0 |
| LYNDAL CISSELL | DIRECTOR Trustee or director | 1 | $0 |
| MARK BERG | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MARK RICHARD | DIRECTOR Trustee or director | 1 | $0 |
| MATT MELOY | DIRECTOR Trustee or director | 1 | $0 |
| MATT WALL | DIRECTOR Trustee or director | 1 | $0 |
| NICK OLDS | DIRECTOR Trustee or director | 1 | $0 |
| RYDER BOOTH | DIRECTOR Trustee or director | 1 | $0 |
| TOM JORDEN | DIRECTOR Trustee or director | 1 | $0 |
| TOM LONG | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS STICE | DIRECTOR Trustee or director | 1 | $0 |
| VICKI HOLLUB | DIRECTOR Trustee or director | 1 | $0 |
| WILLIE CHIANG | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT KIDWELL | VICE PRESIDENT Officer | 1 | $0 |
| JEFF JOHNSTON | SECRETARY Officer | 1 | $0 |
| BARRY THOMAS | GENERAL COUNSEL Officer | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRACEE BENTLEY | CEO/PRESIDENT Trustee or director, Officer | 40 | $1,030,156 | $42,698 |
| DON EVANS | EXECUTIVE CHAIRMAN Trustee or director, Officer | 40 | $1,045,109 | $0 |
| CASEY G YATES | DIRECTOR OF FINANCE Highest-paid employee | 40 | $252,719 | $26,162 |
| MARK BERG | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JACK HARPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TIM LEACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRAVIS STICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKI HOLLUB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM JORDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT KIDWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEFF JOHNSTON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EZRA YACOB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENDAN MCCRACKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIE CHIANG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAY GASPAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYDER BOOTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARRY THOMAS | GENERAL COUNSEL Trustee or director, Officer | 1 | $0 | $0 |
| LANCE ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID LAWLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK RICHARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CHRISTMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT WALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES MCDONALD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM SCHUESSLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 W TEXAS AVE STE 900, MIDLAND, TX 79701-4275
- Principal officer (990 for 2024)
- DON EVANS, 500 W TEXAS ST STE 960, MIDLAND, TX 79701
- Signed the 990
- TRACEE BENTLEY, PRESIDENT
- Phone
- (432) 687-7195
- Website
- WWW.PERMIANPARTNERSHIP.ORG
- Return prepared by
- WHITLEY PENN LLP
Mission
TO STRENGTHEN AND IMPROVE THE QUALITY OF LIFE FOR PERMIAN BASIN RESIDENTS BY PARTNERING WITH LOCAL LEADERS TO DEVELOP AND IMPLEMENT STRATEGIC PLANS THAT FOSTER SUPERIOR SCHOOLS, SAFER ROADS, QUALITY HEALTHCARE, AFFORDABLE HOUSING AND A TRAINED WORKFORCE. THE COMPANIES INVOLVED WITH THE PSP WILL BRING PEOPLE, EXPERTISE, RESOURCES AND LEADERSHIP TO DEVELOP SOLUTIONS IN PARTNERSHIP WITH LOCAL LEADERS AND COMMUNITIES.
Program accomplishments
- PERMIAN STRATEGIC PARTNERSHIP PROVIDES MANAGEMENT SERVICES TOWARDS THE INITIATIVES OF ITS MEMBERS. THE MEMBERS CONTRIBUTE TO PERMIAN STRATEGIC PARTNERSHIP, AND THE ORGANIZATION THEN DIRECTS THE FUNDS TOWARDS MEMBERS' INITIATIVES.
- PERMIAN STRATEGIC PARTNERSHIP PROVIDES MANAGEMENT SERVICES TOWARDS THE INITIATIVES OF ITS MEMBERS. THE MEMBERS CONTRIBUTE TO PERMIAN STRATEGIC PARTNERSHIP AND THE ORGANIZATION THEN DIRECTS THE FUNDS TOWARDS THE MEMBERS' INITIATIVES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0931988
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $54,173,126
- Income (IRS master file)
- $6,885,483
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,885,483 | $5,384,833 | $54,173,126 | XML |
| 990 | December 2023 | $5,590,737 | $5,353,895 | $26,021,009 | XML |
| 990 | December 2022 | $6,185,241 | $5,902,496 | $22,189,829 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 83-0931988).
Questions about PERMIAN STRATEGIC PARTNERSHIP INC
- What is the EIN of PERMIAN STRATEGIC PARTNERSHIP INC?
- The employer identification number (EIN) of PERMIAN STRATEGIC PARTNERSHIP INC is 83-0931988.
- Is PERMIAN STRATEGIC PARTNERSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
- Are donations to PERMIAN STRATEGIC PARTNERSHIP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PERMIAN STRATEGIC PARTNERSHIP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PERMIAN STRATEGIC PARTNERSHIP 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 PERMIAN STRATEGIC PARTNERSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PERMIAN STRATEGIC PARTNERSHIP INC?
- The 990 for the year ended December 31, 2024 names DON EVANS.
- Who are the officers and directors of PERMIAN STRATEGIC PARTNERSHIP INC?
- The 990 for the year ended December 31, 2024 lists 32 people; 4 received compensation from the organization, the highest $1,166,302 (TRACEE BENTLEY, CEO/PRESIDENT).
- How much revenue does PERMIAN STRATEGIC PARTNERSHIP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,885,483, expenses of $5,384,833 and total assets of $54,173,126 at year end.
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All nonprofits in MIDLAND · Texas · Community improvement and capacity building