Scharbauer Foundation Inc
- Assets
- $271.1m
- Revenue
- $69.1m
- Investments
- $265.9m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-2527362
Organization Overview
Scharbauer Foundation Inc is located in Midland, TX. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scharbauer Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Scharbauer Foundation Inc generated $69.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $18.7m during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Scharbauer Foundation Inc has awarded 295 individual grants totaling $72,325,754. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Billingsley Executive VP | 40 | $414,000 | |
Sarah A Shaw Asst. Secretary | 40 | $181,500 | |
Joann Price Asst. Treasurer | 40 | $125,250 | |
Tim Leach Director | 0 | $0 | |
Cindy Black President | 0 | $0 | |
Katy Morrow Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $818,468 |
| Dividends & Interest | $4,929,059 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,928,721 |
| Capital Gain Net Income | $18,928,721 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,385,165 |
| Total Revenue | $69,061,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $772,750 |
| Other employee salaries and wages | $107,410 |
| Pension plans, employee benefits | $252,199 |
| Interest | $0 |
| Taxes | $25,739 |
| Depreciation | $84,351 |
| Occupancy | $135,864 |
| Travel, conferences, and meetings | $103,698 |
| Printing and publications | $0 |
| Other expenses | $897,501 |
| Total operating and administrative expenses | $2,700,767 |
| Contributions, gifts, grants paid | $15,975,029 |
| Total expenses and disbursements | $18,675,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,770,267 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $552,905 |
| Other assets | $851,914 |
| Total assets | $271,051,602 |
| Accounts payable and accrued expenses | $6,929 |
| Grants payable | $23,422,266 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,429,195 |
Grants Awarded
Over the last fiscal year, Scharbauer Foundation Inc has awarded $15,975,029 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
Midland, TX PURPOSE: A SAFE PLACE TO REBUILD CAPITAL CAMPAIGN | $3,500,000 |
Midland, TX PURPOSE: SENIOR LIFE MIDLAND CAPITAL CAMPAIGN | $3,000,000 |
COMMUNITIES FOUNDATION OF TEXAS (FBO MIDLAND DOWNTOWN PARK CONSERVANCY) PURPOSE: MIDLAND DOWNTOWN PARK CONSERVANCY | $2,000,000 |
ODESSA COLLEGE FOUNDATION PURPOSE: WOOD HEALTH SCIENCES BUILDING CAPITAL CAMPAIGN | $1,000,000 |
TEXAS TECH UNIVERSITY HEALTH SCIENCE CENTER - PERMIAN BASIN PURPOSE: CAPITAL CAMPAIGN: TTUHSC PHYSICIAN ASSISTANT PROGRAM EXPANSION | $1,000,000 |
NORTHEAST MIDLAND COUNTY VOLUNTEER FIRE DEPARTMENT PURPOSE: NEW FIRE STATION | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |