{"id":2057,"date":"2021-06-09T20:24:38","date_gmt":"2021-06-10T01:24:38","guid":{"rendered":"https:\/\/pbaf.org\/?page_id=2057"},"modified":"2021-06-10T20:21:48","modified_gmt":"2021-06-11T01:21:48","slug":"2020-financial-highlights","status":"publish","type":"page","link":"https:\/\/pbaf.org\/media-center\/annual-reports\/2020-2\/2020-financial-highlights\/","title":{"rendered":"2020 FINANCIAL HIGHLIGHTS"},"content":{"rendered":"\n\n\t

\n\t\t\t\tFINANCIAL HIGHLIGHTS\n\t\t\t<\/h3>\n\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n2020<\/td>\n2019<\/td>\n<\/tr>\n
Consolidated Statements of Activities:<\/td>\n<\/tr>\n
<\/td>\nContributions<\/td>\n\u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0 11,564,764<\/td>\n\u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,988,444<\/td>\n<\/tr>\n
<\/td>\nLess amounts received for agencies<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,554,970)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,551,026)<\/td>\n<\/tr>\n
<\/td>\nInvestment Return, net<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18,820,614<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31,420,160<\/td>\n<\/tr>\n
<\/td>\nRoyalty income<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 796,990<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,915,701<\/td>\n<\/tr>\n
<\/td>\nChange in Values of Royalties, Trusts and Bequests<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,677,490)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 903,294<\/td>\n<\/tr>\n
<\/td>\nGain on Sale of Assets<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (4,092)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,821,248<\/td>\n<\/tr>\n
<\/td>\nOther Income, Including Grant Recissions<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 405,370<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 419,968<\/td>\n<\/tr>\n
<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0 Total Revenues, Gains and Support<\/strong><\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,351,186<\/strong><\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45,917,789<\/strong><\/td>\n<\/tr>\n
<\/td>\nGrants and Scholarships<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,089,494<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13,716,578<\/td>\n<\/tr>\n
<\/td>\nLess amounts granted to agencies<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (647,210)<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,267,555)<\/td>\n<\/tr>\n
<\/td>\nProgram Services<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 361,507<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 485,965<\/td>\n<\/tr>\n
<\/td>\nFundraising<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 188,402<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 289,107<\/td>\n<\/tr>\n
<\/td>\nGeneral and Administrative Expenses<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,473,378<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,640,017<\/td>\n<\/tr>\n
<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0 Increase in Net Assets<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0 15,885,615<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0 33,053,677<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Consolidated Statements of Financial Position:<\/td>\n<\/tr>\n
<\/td>\nCash and Cash Equivalents<\/td>\n\u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0 11,411,733<\/td>\n\u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,568,197<\/td>\n<\/tr>\n
<\/td>\nBeneficial Interest in Remainder Trust<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,679,623<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,775,772<\/td>\n<\/tr>\n
<\/td>\nBeneficial Interest in Lead Trust<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,007,043<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,050,422<\/td>\n<\/tr>\n
<\/td>\nBeneficial Interest in Royalty Trust<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,604,527<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,054,085<\/td>\n<\/tr>\n
<\/td>\nBequest Receivable<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,601,091<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/td>\n<\/tr>\n
<\/td>\nFinancial Investments<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 208,948,002<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 195,360,692<\/td>\n<\/tr>\n
<\/td>\nOil and Gas Royalties – held for sale<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,589,100<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,807,340<\/td>\n<\/tr>\n
<\/td>\nProperty and Equipment, net of Depreciation<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,338,197<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,457,111<\/td>\n<\/tr>\n
<\/td>\nTotal Other Assets<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 617,018<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 569,977<\/td>\n<\/tr>\n
<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0 Total Assets<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0 240,796,334<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0 221,643,596<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAccounts Payable<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 65,416<\/td>\n<\/tr>\n
<\/td>\nGrants and Scholarships Payable<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 406,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,086,225<\/td>\n<\/tr>\n
<\/td>\nFunds Held for Agencies<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25,522,729<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,482,465<\/td>\n<\/tr>\n
<\/td>\nAgency Transactions Payable<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 42,500<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70,000<\/td>\n<\/tr>\n
<\/td>\nRefundable Advance<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 300,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 300,000<\/td>\n<\/tr>\n
<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0 Total Liabilities<\/strong><\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,271,229<\/strong><\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,004,106<\/strong><\/td>\n<\/tr>\n
<\/td>\nNet Assets without Donor Restrictions<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 203,579,302<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 187,708,116<\/td>\n<\/tr>\n
<\/td>\nNet Assets with Donor Restrictions<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,945,803<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,931,374<\/td>\n<\/tr>\n
<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0 Total Net Assets<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0 214,525,105<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0 198,639,490<\/strong><\/td>\n<\/tr>\n
<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Total Liabilities and Net Assets<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0 240,796,334<\/strong><\/td>\n\u00a0$\u00a0\u00a0\u00a0 221,643,596<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Financial information on this page has been summarized from the audited financial statements of Permian Basin Area Foundation.<\/p>\n

Auditors Report: Permian Basin Area Foundation financial statements for the years ended December 31, 2020 and 2019 were audited by Johnson & Sheldon, PLLC of Amarillo, Texas, an independent public accounting firm. Copies of the audited financial statements are available upon request at the Foundation office.<\/p>\n\n","protected":false},"excerpt":{"rendered":"

FINANCIAL HIGHLIGHTS 2020 2019 Consolidated Statements of Activities: Contributions \u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0 11,564,764 \u00a0$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,988,444 Less amounts received for agencies \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,554,970) […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":1968,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/pages\/2057"}],"collection":[{"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/comments?post=2057"}],"version-history":[{"count":0,"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/pages\/2057\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/pages\/1968"}],"wp:attachment":[{"href":"https:\/\/pbaf.org\/wp-json\/wp\/v2\/media?parent=2057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}