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EIN 26-2527362

Scharbauer Foundation

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Midland
State
Texas
Year formed
2009
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
Since the late 1880s, the Scharbauer family has been a major contributor to the growth, development and improvement of Midland, Texas. Today, the Scharbauer Foundation continues that family tradition.
Total revenues
$89,785,694
2022
Total expenses
$17,233,476
2022
Total assets
$342,471,982
2022
Num. employees
5
2022

Program areas at Scharbauer Foundation

Grants made by Scharbauer Foundation

GranteeGrant descriptionAmount
Midland College FoundationPre-K Academy and Center for Teaching Excellence$7,000,000
West Texas Food Bank (WTFB)Odessa Facility Expansion$2,000,000
Midland Community TheatreLobby Renovation and Education Department Expansion$1,250,000
...and 50 more grants made totalling $13,771,608

Personnel at Scharbauer Foundation

NameTitleCompensation
Grant A BillingsleyPresident and Chief Executive Officer$467,000
Joann PriceTreasurer$165,000
Sarah A ShawVice President and Secretary$198,000
Sarah A ScottProgram Director$132,000

Financials for Scharbauer Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$7,272,316
Net rental income$0
Net gain from sale of non-inventory assets$443,225
Gross sales of inventory$0
Miscellaneous revenues$82,070,153
Total revenues$89,785,694

Form 990s for Scharbauer Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-11990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-11990PFView PDF
2019-122021-06-10990PFView PDF
2018-122019-12-16990PFView PDF
...and 8 more Form 990s
Data update history
August 25, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 28, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 4, 2023
Updated personnel
Identified 2 new personnel
May 21, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
300 N Marienfeld Suite 900
Midland, TX 79701
Metro area
Midland, TX
County
Midland County, TX
Website URL
scharbauerfoundation.org/ 
Phone
(432) 683-2222
IRS details
EIN
26-2527362
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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