Scharbauer Foundation Inc — Form 990PF, tax year 2018

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Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
SCHARBAUER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)300 N MARIENFELD SUITE 850
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIDLAND, TX797014387
A Employer identification number

26-2527362
B Telephone number (see instructions)

(432) 683-2222
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$284,480,486J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 784,090 784,090  
4 Dividends and interest from securities... 3,503,187 3,503,187  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,739,692
b Gross sales price for all assets on line 6a 26,825,843
7 Capital gain net income (from Part IV, line 2)... 1,739,692
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 33,908,350 33,908,061  
12 Total. Add lines 1 through 11........ 39,935,319 39,935,030  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 349,500 262,125   87,375
14 Other employee salaries and wages...... 256,600 134,150   122,450
15 Pension plans, employee benefits....... 124,635 79,161   45,474
16a Legal fees (attach schedule)......... Click to see attachment 10,621 8,390   2,231
b Accounting fees (attach schedule)....... Click to see attachment 13,830 10,373   3,458
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 52,825 52,825   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,769 4,769  
20 Occupancy.............. 74,646 55,804   18,842
21 Travel, conferences, and meetings....... 15,927 11,946   3,982
22 Printing and publications.......... 666 499   167
23 Other expenses (attach schedule)....... Click to see attachment 672,626 638,654   33,972
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,576,645 1,258,696   317,951
25 Contributions, gifts, grants paid....... 15,840,670 15,840,670
26 Total expenses and disbursements. Add lines 24 and 25 17,417,315 1,258,696   16,158,621
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 22,518,004
b Net investment income (if negative, enter -0-) 38,676,334
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 7,998,471 2,788,209 2,790,721
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 81,268,315 Click to see attachment98,690,038 105,125,496
c Investments—corporate bonds (attach schedule)....... 59,242,706 Click to see attachment67,757,370 66,286,787
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet145,976
Less: accumulated depreciation (attach schedule) bullet87,914 59,436 Click to see attachment58,062 109,482
15 Other assets (describe bullet) Click to see attachment2,916,275 Click to see attachment4,016,987 Click to see attachment110,168,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 151,485,203 173,310,666 284,480,486
Liabilities 17 Accounts payable and accrued expenses.......... 1,670 2,222
18 Grants payable................. 5,550,000 5,678,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 5,551,670 5,680,722
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 48,279,709 48,279,709
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 97,653,824 119,350,235
30 Total net assets or fund balances (see instructions)..... 145,933,533 167,629,944
31 Total liabilities and net assets/fund balances (see instructions). 151,485,203 173,310,666
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
145,933,533
2
Enter amount from Part I, line 27a .....................
2
22,518,004
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
168,451,537
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
821,593
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
167,629,944
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a VANGUARD LTCG DISTRIBUTIONS     2018-12-31
b VANGUARD REAL ESTATE INDEX FUND     2018-08-10
c VANGUARD TOTAL BOND MKT     2018-01-23
d VANGUARD ST CORP BOND INX     2018-10-24
e VANGUARD ST CORP BOND INX     2018-05-08
NORTHERN TRUST 23-77479     2018-12-31
NORTHERN TRUST 23-77479     2018-12-31
NORTHERN TRUST LTCG DISTRIBUTIONS     2018-12-31
GS DYNAMIC     2018-12-31
GS DYNAMIC     2018-12-31
GS YACHTMAN     2018-12-31
GS YACHTMAN     2018-12-31
GS ADVISORY     2018-12-31
GS ADVISORY     2018-12-31
GS GANNETT     2018-12-31
GS GANNETT     2018-12-31
GS GOV/CORP FI     2018-12-31
GS CAP PCS NON-US     2018-12-31
GS CAP PCS NON-US     2018-12-31
GS SFI     2018-12-31
GS SFI     2018-12-31
GS US EQUITY BUFFERED     2018-12-31
GS INTL DEV EQUITY     2018-12-31
GS LTCG DISTRIBUTION     2018-12-31
OTHER     2018-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,492     1,492
b 13,084   12,114 970
c 12,986   13,125 -139
d 13,381   13,668 -287
e 12,933   13,232 -299
468,813   469,203 -390
4,242,017   4,093,354 148,663
672,410     672,410
412,035   313,829 98,206
930,806   804,970 125,836
55,072   52,212 2,860
320,135   158,147 161,988
40,838   42,292 -1,454
895,005   969,063 -74,058
23,001   21,904 1,097
413,737   218,301 195,436
1,670,708   1,679,604 -8,896
253,279   284,056 -30,777
668,273   619,367 48,906
5,691,186   5,694,281 -3,095
6,960,309   6,978,579 -18,270
898,160   725,000 173,160
2,127,075   1,712,000 415,075
29,108     29,108
    197,850 -197,850
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,492
b       970
c       -139
d       -287
e       -299
      -390
      148,663
      672,410
      98,206
      125,836
      2,860
      161,988
      -1,454
      -74,058
      1,097
      195,436
      -8,896
      -30,777
      48,906
      -3,095
      -18,270
      173,160
      415,075
      29,108
      -197,850
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,739,692
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 8,763,950 259,921,149 0.033718
2016 11,805,340 169,963,837 0.069458
2015 7,604,374 159,617,934 0.047641
2014 8,754,930 143,784,175 0.060889
2013 6,740,007 131,679,904 0.051185
2
Total of line 1, column (d) .....................
2
0.262891
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.052578
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
286,991,072
5
Multiply line 4 by line 3......................
5
15,089,417
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
386,763
7
Add lines 5 and 6........................
7
15,476,180
8
Enter qualifying distributions from Part XII, line 4,.............
8
16,158,621
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 386,763
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 386,763
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 386,763
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 383,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 78,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 461,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 74,237
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet74,237 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SCHARBAUERFOUNDATION.ORG
    14
    The books are in care ofbulletJOANN PRICE CONTROLLER Telephone no.bullet (432) 683-2222

    Located atbullet300 N MARIENFELD SUITE 850MIDLANDTX ZIP+4bullet797014387
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CLARENCE SCHARBAUER III DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    JAMES M ALSUP PRESIDENT
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    ALLEN MCGUIRE TREASURER/ASST SECRETARY
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    GRANT BILLINGSLEY EXEC VP/SEC
    40.00     		349,500 24,500 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    TIM LEACH VICE PRESIDENT
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    CINDY BLACK DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    DAN HORD DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    SCOTT RYBURN DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JOANN PRICE CONTROLLER
    40.00     		115,500 10,763 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    SARAH A SCOTT SPHR PROGRAM DIRECTO
    40.00     		116,600 6,996 0
    300 N MARIENFELD SUITE 850
    MIDLAND,TX797014387
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    172,209,137
    b
    Average of monthly cash balances.......................
    1b
    8,874,875
    c
    Fair market value of all other assets (see instructions)................
    1c
    110,277,482
    d
    Total (add lines 1a, b, and c).........................
    1d
    291,361,494
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    291,361,494
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,370,422
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    286,991,072
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    14,349,554
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    14,349,554
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    386,763
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    386,763
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,962,791
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    13,962,791
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    13,962,791
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    16,158,621
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    16,158,621
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    386,763
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    15,771,858
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 13,962,791
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,452,871
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 16,158,621
    a Applied to 2017, but not more than line 2a 2,452,871
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 13,705,750
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		257,041
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    CLARENCE SCHARBAUER III
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    SCHARBAUER FOUNDATION INC
    300 N MARIENFELD ST STE 850
    MIDLAND,TX797014387
    (432) 683-2222
    bThe form in which applications should be submitted and information and materials they should include:
    ORGANIZATIONS REQUESTING FUNDING FILL OUT AND SUBMIT AN ONLINE PRE-APPLICATION THROUGH THE FOUNDATIONS WEBSITE AT WWW.SCHARBAUERFOUNDATION.ORG BY DUE DATES LISTED ON THE HOME PAGE. THE FOUNDATION WILL INVITE SELECTED PRE-APPLICANTS TO SUBMIT AN ONLINE FULL GRANT REQUEST. INSTRUCTIONS AND ATTACHMENTS ARE INCLUDED IN THE ONLINE REQUEST PROCESS.
    cAny submission deadlines:
    SPRING AND FALL CYCLE; DATES CHANGE EACH YEAR AND ARE POSTED ON THE ORGANIZATION'S WEBSITE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE CONSIDERED FOR ACTIVITIES INVOLVING ARTS/CULTURE, EDUCATION, HEALTH, HUMAN/SOCIAL SERVICES, PUBLIC/CIVIC BENEFIT, AND FAITH-BASED ACTIVITIES. PREFERENCE IS GIVEN TO REQUESTS FOR ASSISTANCE WITH CAPITAL IMPROVEMENTS, CONSTRUCTION, OR EXPANSION OF PROGRAM CAPACITY AS COMPARED TO REQUESTS INVOLVING ONGOING OR ANNUAL OPERATING, ADMINISTRATION OR SCHOLARSHIP EXPENSES. GENERALLY, APPLICANTS RECEIVING GRANTS FOR NON-CAPITAL TYPE REQUESTS MAY NOT RECEIVE SIMILAR GRANTS IN CONSECUTIVE YEARS. PREFERENCE IS GIVEN TO APPLICATIONS FROM QUALIFIED ORGANIZATIONS IN THE FOLLOWING GEOGRAPHIC PRIORITY: MIDLAND, TEXAS PERMIAN BASIN REGION OF TEXAS PANHANDLE REGION OF TEXAS OTHER REGIONS OF TEXAS
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGAPE CHRISTIAN SERVICES DBA AGAPE COUNSELING SERVICES OF WEST TEXAS
    3500 N A ST STE 2400
    MIDLAND,TX79705     		NONE PC THERAPY INTERN TRAINING PROGRAM 85,000
    AMERICAN RED CROSS - PERMIAN BASIN CHAPTER
    9601 WRIGHT DRIVE
    MIDLAND,TX79711     		NONE PC NEXT GENERATION EMERGENCY RESPONSE VEHICLE 125,000
    BOY SCOUTS OF AMERICA BUFFALO TRAIL COUNCIL
    1101 W TEXAS AVE
    MIDLAND,TX797016171     		NONE PC OPERATIONS / VOCATIONAL TRAINING & EQUESTRIAN CENTER 150,000
    BOYS AND GIRLS CLUB OF ODESSA INC
    800 E 13TH ST
    ODESSA,TX79761     		NONE PC NEW CLUB FACILITIES IN WEST ODESSA 200,000
    BUCKNER CHILDREN AND FAMILY SERVICES INC
    421 W PECAN AVE
    MIDLAND,TX79705     		NONE PC BUCKNER MIDLAND FAMILY PATHWAYS APARTMENT RENOVATION 100,000
    CENTERS FOR CHILDREN AND FAMILIES INC
    3701 ANDREWS HWY
    MIDLAND,TX79703     		NONE PC CAPITAL IMPROVEMENTS FOR NEW ODESSA OFFICE 30,000
    COMMUNITIES IN SCHOOLS OF THE PERMIAN BASIN INC
    PO BOX 10532
    MIDLAND,TX79702     		NONE PC DROP OUT PREVENTION PROGRAM 20,000
    COMMUNITY CHILDREN'S MINISTRY DBA COMMUNITY CHILDREN'S CLINIC
    PO BOX 3328
    MIDLAND,TX797023328     		NONE PC DIGITAL SIGN 24,405
    EDUCATE MIDLAND
    3500 N A ST SUITE 2700
    MIDLAND,TX79705     		NONE PC EXCELLENCE IN EDUCATION AWARDS & GENERAL OPERATING SUPPORT 136,500
    FAMILY PROMISE OF ODESSA INC
    PO BOX 12781
    ODESSA,TX79768     		NONE PC NEW VEHICLE FOR CLIENT TRANSPORTATION 10,000
    GIRL SCOUTS OF THE DESERT SOUTHWEST SOUTHERN NEW MEXICO & WEST TEXAS INC
    5217 N DIXIE BLVD
    ODESSA,TX79762     		NONE PC GREENSCAPING, SECURITY AND SAFETY PROJECT, MIDLAND CENTER 31,640
    HEALTHY NATION (DBA HEALTHY CITY)
    PO BOX 4532
    MIDLAND,TX79704     		NONE PC 2019 FOOD IS MEDICINE EVENT 10,000
    HIGH SKY CHILDREN'S RANCH
    8613 W COUNTY RD 60
    MIDLAND,TX797071307     		NONE PC CAMPUS CAPITAL CAMPAIGN & 2018 BOARD DIRECTED GIFT 1,505,000
    HISPANIC CULTURAL CENTER OF MIDLAND
    PO BOX 51404
    MIDLAND,TX79710     		NONE PC TUTORING PROGRAM 7,500
    JUNIOR ACHIEVEMENT OF THE CHISHOLM TRAIL PERMIAN BASIN CHAPTER
    306 W WALL ST STE 827
    MIDLAND,TX79701     		NONE PC 2018 BOARD DIRECTED GIFT 5,000
    MANOR PARK INC
    2208 N LOOP 250 W
    MIDLAND,TX797076011     		NONE PC VILLAGE SOUTH ACTIVITY CENTER 500,000
    MARFA PUBLIC RADIO CORPORATION
    PO BOX 238
    MARFA,TX798430238     		NONE PC WEST TX INFRASTRUCTURE REPLACEMENT & UPGRADE 50,000
    MIDLAND CHAMBER OF COMMERCE FOUNDATION INC
    303 W WALL ST SUITE 200
    MIDLAND,TX79701     		NONE PC MIDLAND DOWNTOWN CENTENNIAL PARK 8,000,000
    MIDLAND CHILDREN'S REHABILITATION CENTER INC
    802 VENTURA AVE
    MIDLAND,TX79705     		NONE PC 2018 BOARD DIRECTED GIFT 5,000
    MIDLAND COLLEGE FOUNDATION INC
    3600 N GARFIELD ST
    MIDLAND,TX79705     		NONE PC EARLY COLLEGE HIGH SCHOOL / LEGACY SCHOLARSHIP PROGRAM 2018-2019 150,000
    MIDLAND FAIR HAVENS INC
    2400 WHITMIRE BLVD STE 100
    MIDLAND,TX79705     		NONE PC 2018 BOARD DIRECTED GIFT 5,000
    MIDLAND ISD EDUCATIONAL FOUNDATION
    PO BOX 73
    MIDLAND,TX79702     		NONE PC KITAMBA CONTINUED ENGAGEMENT 250,000
    MIDLAND MEMORIAL FOUNDATION
    400 ROSALIND REDFERN GROVER PARKWAY
    MIDLAND,TX79701     		NONE PC 68NURSE CALL CENTER EXPANSION, PHARMACY REPLACEMENT, BEHAVIORAL HEALTH INITIATIVE AND 2018 BOARD DIRECTED GIFT 1,675,000
    MIDLAND RAPE CRISIS CENTER INC
    PO BOX 10881
    MIDLAND,TX79702     		NONE PC PARKING LOT REPAIR 15,925
    MIDLAND SHARED SPACES
    3500 NORTH A ST SUITE 1100
    MIDLAND,TX79705     		NONE PC STATE OF NON-PROFITS LUNCHEON 1,200
    MIDLAND TEEN COURT INC
    615 W MISSOURI AVE 226
    MIDLAND,TX79701     		NONE PC OPERATIONS SUPPORT 10,000
    MISC GRANTS 5000
    C/O SFI 300 MARIENFELD 850
    MIDLAND,TX79701     		NONE PC PROGRAM SUPPORT & PHIL ROUNDTABLE SOUTHWEST 5,000
    NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN
    3500 N A ST STE 2300
    MIDLAND,TX79701     		NONE PC GENERAL PROGRAM & OPERATING SUPPORT/BEACON AWARDS LUNCHEON 51,500
    PERMIAN BASIN WOMEN'S RESOURCE CENTER - THE LIFE CENTER FOUNDATION
    2101 W WALL ST
    MIDLAND,TX79701     		NONE PC 2018 BOARD DIRECTED GIFT 25,000
    PINK THE BASIN INC
    PO BOX 7406
    ODESSA,TX79760     		NONE PC MAMMOGRAPHY AND DIAGNOSTIC SERVICES 30,000
    REASONING MIND
    2000 BERING DR SUITE 300
    HOUSTON,TX77057     		NONE PC PROGRAMS FOR BURNET ELEMENTARY MIDLAND 10,000
    RECORDING LIBRARY OF WEST TEXAS
    3500 N A ST STE 2800
    MIDLAND,TX797053602     		NONE PC NEW EQUIPMENT FOR 2018 32,000
    SAMARITAN COUNSELING CENTER OF WEST TEXAS INC
    PO BOX 60312
    MIDLAND,TX79711     		NONE PC GENERAL OPERATING SUPPORT 55,000
    SENIOR LINK MILDAND
    PO BOX 80519
    MIDLAND,TX797080519     		NONE PC HANDYMAN PROGRAM 40,000
    SIBLEY ENVIRONMENTAL LEARNING CENTER FOUNDATION
    1307 E WADLEY AVE
    MIDLAND,TX79705     		NONE PC 2018 BOARD DIRECTED GIFT 5,000
    SPRINGBOARD CENTER
    200 CORPORATE DR
    MIDLAND,TX797054621     		NONE PC EXTENDED CARE PROJECT - CAPITAL CAMPAIGN 400,000
    TEEN FLOW
    PO BOX 733
    MIDLAND,TX79702     		NONE PC 2018 BOARD DIRECTED GIFT 25,000
    THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		NONE PC 2018 BOARD DIRECTED GIFT 10,000
    THE UNIVERSITY OF TEXAS OF THE PERMIAN BASIN
    4901 UNIVERSITY BLVD
    ODESSA,TX79762     		NONE PC UTPB ENGINEERING BUILDING 1,500,000
    UNITED WAY OF MIDLAND
    1209 W WALL ST
    MIDLAND,TX79701     		NONE PC 2018 ANNUAL CAMPAIGN: EDUCATION INITIATIVES & BOARD DIRECTED GIFT 165,000
    W I COOK FOUNDATION INC (COOK CHILDREN'S MIDLAND SPECIALTY CLINIC)
    801 7TH AVENUE
    FORT WORTH,TX76104     		NONE PC SPECIALIZED MEDICAL EQUIPMENT FOR THE MIDLAND CLINIC 90,000
    WEST TEXAS FOOD BANK
    PO BOX 4242
    ODESSA,TX79760     		NONE PC SECURE PARKING LOT FOR MIDLAND FACILITY 250,000
    YOUNG LIFE MIDLAND
    PO BOX 520
    COLORADO SPRINGS,CO80901     		NONE PC GENERAL OPERATIONS SUPPORT 20,000
    YOUNG LIFE TEXAS
    C/O SFI 300 MARIENFELD 850
    MIDLAND,TX797014387     		NONE PC 2018 BOARD DIRECTED GIFT 25,000
    Total .................................bullet 3a 15,840,670
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 784,090  
    4 Dividends and interest from securities....     14 3,503,187  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15 33,908,061  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,739,692  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aFINANCIAL INCOME     		    14 289  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 39,935,319 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    39,935,319
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 N/A
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 13,830 10,373   3,458

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    TY 2018 DepreciationSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2011-06-30 568 487 200DB 7.000000000000 25 0    
    COMPUTER EQUIPMENT:MONDOPAD 2011-06-30 4,710 4,172 200DB 5.000000000000 0 0    
    4 HP WIDESCREEN MONITORS 2011-06-27 1,180   200DB 5.000000000000 0 0    
    COMPUTER TABLE 2011-06-27 95   200DB 7.000000000000 0 0    
    2 HP COMPUTERS 2011-06-27 1,620   200DB 5.000000000000 0 0    
    WRITING TABLE 2011-06-27 150   200DB 7.000000000000 0 0    
    HP COLOR LASER PRINTER 2011-08-22 395   200DB 5.000000000000 0 0    
    HP LASERJET PRINTER 2011-08-22 1,515   200DB 5.000000000000 0 0    
    OFFICE PRINT/PICTURE 2011-09-13 129   200DB 7.000000000000 0 0    
    OFFICE PRINT/PICTURE 2011-09-13 141   200DB 7.000000000000 0 0    
    SCHARBAUER PORTRAIT 2011-11-18 460     0 % 0 0    
    BOOKCASES 2011-12-12 2,947   200DB 7.000000000000 0 0    
    OFFICE CHAIRS 2011-12-12 3,228   200DB 7.000000000000 0 0    
    CHEST 2011-12-12 750   200DB 7.000000000000 0 0    
    COFFEE TABLE 1945-93 2011-12-12 493   200DB 7.000000000000 0 0    
    END TABLE 2011-12-12 391   200DB 7.000000000000 0 0    
    LATERAL FILE CABINET 2011-12-12 1,350   200DB 7.000000000000 0 0    
    SIDE TABLE 2011-12-12 295   200DB 7.000000000000 0 0    
    SOFA 2011-12-12 5,569   200DB 7.000000000000 0 0    
    REFRIGERATOR 2011-12-20 822   200DB 5.000000000000 0 0    
    COMPUTER TABLE 2011-12-12 669   200DB 7.000000000000 0 0    
    CONFERENCE TABLE 2011-12-12 8,008   200DB 7.000000000000 0 0    
    CONFERENCE TABLE CHAIRS (10) 2011-12-11 4,195   200DB 7.000000000000 0 0    
    CREDENZA (5) 2011-12-12 11,881   200DB 7.000000000000 0 0    
    CORNER TABLE 2011-12-12 337   200DB 7.000000000000 0 0    
    EXECUTIVE DESK (4) 2011-12-12 9,961   200DB 7.000000000000 0 0    
    SIDE CHAIRS 2011-12-12 4,690   200DB 7.000000000000 0 0    
    SOFA 2011-12-12 2,437   200DB 7.000000000000 0 0    
    TABLE 2011-12-12 299   200DB 7.000000000000 0 0    
    KEURIG COFFEE MAKER 2011-12-23 144   200DB 5.000000000000 0 0    
    MICROWAVE 2011-12-23 79   200DB 5.000000000000 0 0    
    TEA GLASSES 2012-01-02 74 31 200DB 7.000000000000 3 0    
    ALYSHEBA PRINT 2012-02-21 45 19 200DB 7.000000000000 2 0    
    BOOKENDS 2012-02-21 65 29 200DB 7.000000000000 3 0    
    FLOOR MAT 2012-02-21 278 119 200DB 7.000000000000 12 0    
    G. HARVEY PAINTING 2012-02-21 940     0 % 0 0    
    OFFICE LAMPS 2012-02-21 1,079 466 200DB 7.000000000000 48 0    
    PORTRAIT FRAME 2012-02-21 272 117 200DB 7.000000000000 12 0    
    SILK OFFICE PLANTS 2012-02-21 745 321 200DB 7.000000000000 33 0    
    TABLETOP GLASS FOR 17 TOPS 2012-02-21 1,902 824 200DB 7.000000000000 85 0    
    FLOOR MAT 2012-03-30 489 212 200DB 7.000000000000 22 0    
    FRAMED JOCKEY SILK 2012-04-04 383 165 200DB 7.000000000000 17 0    
    HISTORIC SCHARBAUER PICTURES 2012-06-01 658   NC 0 % 0 0    
    BOBWHITE BURST BRONZE 2014-12-31 3,450   NC 0 % 0 0    
    HALL TABLE & MIRROR 2014-12-31 400   200DB 7.000000000000 0 0    
    FRAMED RENAISSANCE NEEDLEPOINT TAPESTRY 2014-12-31 50,000   NC 0 % 0 0    
    2 AOC 27" LED HD MONITORS 2016-06-16 347 90 200DB 5.000000000000 33 0    
    HP ELITE DESKTOP COMP 2016-07-12 1,578 410 200DB 5.000000000000 151 0    
    HP ELITE DESK 800 DESKTOP 2016-07-12 1,578 410 200DB 5.000000000000 151 0    
    HP ELITE DESK 800 DESKTOP 2016-07-12 1,578 410 200DB 5.000000000000 151 0    
    BOOKCASE 2016-07-13 1,917 372 200DB 7.000000000000 168 0    
    LATERAL FILE CABINET 2016-07-13 1,425 276 200DB 7.000000000000 125 0    
    HOOKER CREDENZA 2017-07-10 2,722 194 200DB 7.000000000000 333 0    
    COMPUTER EQUIPMENT 2017-12-31 418   200DB 5.000000000000 0 0    
    NETGEAR READY NAS DEVICE (785.00) 2011-12-12 730   200DB 5.000000000000 0 0    
    HP ELITE X2 TABLET 2018-08-31 3,395   200DB 5.000000000000 3,395 0    

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INVESTMENTS IN CORPORATE BONDS 67,757,370 66,286,787

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS IN CORPORATE STOCK 98,690,038 105,125,496

    TY 2018 LandEtcSchedule2
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 568 512 56  
    COMPUTER EQUIPMENT:MONDOPAD 4,710 4,172 538  
    4 HP WIDESCREEN MONITORS 1,180 1,180 0  
    COMPUTER TABLE 95 95 0  
    2 HP COMPUTERS 1,620 1,620 0  
    WRITING TABLE 150 150 0  
    HP COLOR LASER PRINTER 395 395 0  
    HP LASERJET PRINTER 1,515 1,515 0  
    OFFICE PRINT/PICTURE 129 129 0  
    OFFICE PRINT/PICTURE 141 141 0  
    SCHARBAUER PORTRAIT 460 460 0  
    BOOKCASES 2,947 2,947 0  
    OFFICE CHAIRS 3,228 3,228 0  
    CHEST 750 750 0  
    COFFEE TABLE 1945-93 493 493 0  
    END TABLE 391 391 0  
    LATERAL FILE CABINET 1,350 1,350 0  
    SIDE TABLE 295 295 0  
    SOFA 5,569 5,569 0  
    REFRIGERATOR 822 822 0  
    COMPUTER TABLE 669 669 0  
    CONFERENCE TABLE 8,008 8,008 0  
    CONFERENCE TABLE CHAIRS (10) 4,195 4,195 0  
    CREDENZA (5) 11,881 11,881 0  
    CORNER TABLE 337 337 0  
    EXECUTIVE DESK (4) 9,961 9,961 0  
    SIDE CHAIRS 4,690 4,690 0  
    SOFA 2,437 2,437 0  
    TABLE 299 299 0  
    KEURIG COFFEE MAKER 144 144 0  
    MICROWAVE 79 79 0  
    TEA GLASSES 74 71 3  
    ALYSHEBA PRINT 45 44 1  
    BOOKENDS 65 65 0  
    FLOOR MAT 278 270 8  
    G. HARVEY PAINTING 940 0 940  
    OFFICE LAMPS 1,079 1,054 25  
    PORTRAIT FRAME 272 265 7  
    SILK OFFICE PLANTS 745 727 18  
    TABLETOP GLASS FOR 17 TOPS 1,902 1,860 42  
    FLOOR MAT 489 479 10  
    FRAMED JOCKEY SILK 383 374 9  
    HISTORIC SCHARBAUER PICTURES 658 0 658  
    BOBWHITE BURST BRONZE 3,450 0 3,450  
    HALL TABLE & MIRROR 400 400 0  
    FRAMED RENAISSANCE NEEDLEPOINT TAPESTRY 50,000 0 50,000  
    2 AOC 27" LED HD MONITORS 347 297 50  
    HP ELITE DESKTOP COMP 1,578 1,350 228  
    HP ELITE DESK 800 DESKTOP 1,578 1,350 228  
    HP ELITE DESK 800 DESKTOP 1,578 1,350 228  
    BOOKCASE 1,917 1,499 418  
    LATERAL FILE CABINET 1,425 1,114 311  
    HOOKER CREDENZA 2,722 1,888 834  
    COMPUTER EQUIPMENT 418 418 0  
    NETGEAR READY NAS DEVICE (785.00) 730 730 0  
    HP ELITE X2 TABLET 3,395 3,395 0  


    TY 2018 LegalFeesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY 10,621 8,390   2,231


    TY 2018 OtherAssetsSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SCHARBAUER MINERALS LP 2,916,275 4,016,987 110,168,000


    TY 2018 OtherDecreasesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description Amount
    EXCISE TAX ADJUSTMENT 693,093
    ACCRUAL TO CASH CONVERSION 128,500


    TY 2018 OtherExpensesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK & PAYROLL FEES 140 105   35
    MISCELLANEOUS 200 200   0
    BUSINESS MEALS 2,925 1,912   1,013
    IT/COMPUTER EXPENSES 3,455 2,591   864
    PENSION PLAN FEES 3,581 2,685   896
    TELEPHONE & UTILITIES 4,231 3,178   1,053
    SUPPLIES 5,676 4,257   1,419
    SUBSCRIPTIONS 17,180 0   17,180
    INSURANCE 21,362 16,022   5,340
    DUES 24,687 18,515   6,172
    CONSULTING 36,205 36,205   0
    BOND PREMIUM AMORTIZATION 81,609 81,609   0
    INVESTMENT EXPENSES 471,375 471,375   0


    TY 2018 OtherIncomeSchedule2
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SCHARBAUER MINERALS 33,908,061 33,908,061 33,908,061
    FINANCIAL INCOME 289   289


    TY 2018 TaxesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 52,825 52,825   0