Scharbauer Foundation Inc — Form 990PF, tax year 2021

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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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 900
  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$430,244,992J 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 818,468 818,468  
4 Dividends and interest from securities... 4,929,059 4,929,059  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 18,928,721
b Gross sales price for all assets on line 6a 109,435,815
7 Capital gain net income (from Part IV, line 2)... 18,928,721
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 44,385,165 44,385,165  
12 Total. Add lines 1 through 11........ 69,061,413 69,061,413  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 772,750 506,963   265,787
14 Other employee salaries and wages...... 107,410 14,941   92,469
15 Pension plans, employee benefits....... 252,199 139,123   113,076
16a Legal fees (attach schedule)......... Click to see attachment 310,328 308,158   2,170
b Accounting fees (attach schedule)....... Click to see attachment 10,927 8,195   2,732
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25,739 25,739   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 84,351 0  
20 Occupancy.............. 135,864 101,283   34,581
21 Travel, conferences, and meetings....... 103,698 77,793   25,905
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 897,501 816,480   81,021
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,700,767 1,998,675   617,741
25 Contributions, gifts, grants paid....... 15,975,029 15,975,029
26 Total expenses and disbursements. Add lines 24 and 25 18,675,796 1,998,675   16,592,770
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 50,385,617
b Net investment income (if negative, enter -0-) 67,062,738
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 8,774,228 3,770,267 3,770,267
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)....... 145,149,918 Click to see attachment189,238,700 249,532,843
c Investments—corporate bonds (attach schedule)....... 66,240,270 Click to see attachment76,637,816 76,808,016
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 bullet758,488
Less: accumulated depreciation (attach schedule) bullet205,583 625,998 Click to see attachment552,905 568,866
15 Other assets (describe bullet) Click to see attachment851,914 Click to see attachment851,914 Click to see attachment99,565,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 221,642,328 271,051,602 430,244,992
Liabilities 17 Accounts payable and accrued expenses.......... 1,232 6,929
18 Grants payable................. 17,033,896 23,422,266
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)......... 17,035,128 23,429,195
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 48,279,709 48,279,709
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 156,327,491 199,342,698
29 Total net assets or fund balances (see instructions)..... 204,607,200 247,622,407
30 Total liabilities and net assets/fund balances (see instructions). 221,642,328 271,051,602
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
204,607,200
2
Enter amount from Part I, line 27a .....................
2
50,385,617
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
254,992,817
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
7,370,410
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
247,622,407
Form 990-PF (2021)
Form 990-PF (2021)
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 PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c LOSS ON DISPOSAL OF FIXED ASSETS P    
d CAPITAL GAINS DIVIDENDS P    
e
(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 76,640,310   61,715,991 14,924,319
b 32,247,668   28,790,233 3,457,435
c     870 -870
d 547,837     547,837
e
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       14,924,319
b       3,457,435
c       -870
d       547,837
e
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 18,928,721
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 932,172
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- ..... 5 932,172
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 990,031
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 250,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,240,031
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 78
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 10 307,781
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet307,781 RefundedBullet 11 0
Part VI-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 the instructions
for the 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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 900MIDLANDTX 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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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 900
    MIDLAND,TX797014387
    JAMES M ALSUP VICE PRESIDENT
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    GRANT BILLINGSLEY EXECUTIVE VP
    40.00     		414,000 26,000 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    TIM LEACH DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    CINDY BLACK PRESIDENT
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    DAN HORD VICE PRESIDENT
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    SCOTT RYBURN SECRETARY
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    JIM NELSON TREASURER
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    KATY MORROW DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    GARY DOUGLAS DIRECTOR
    0.00     		0 0 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    JOANN PRICE ASST. TREASURER
    40.00     		125,250 26,000 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    SARAH A SHAW ASST. SECRETARY
    40.00     		181,500 18,150 0
    300 N MARIENFELD SUITE 900
    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
    SHANNA WILLIAMS GRANTS ADMINISTRATOR
    40.00     		63,800 1,942 0
    300 N MARIENFELD SUITE 900
    MIDLAND,TX797014387
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    JACKSON WALKER LLP LEGAL SERVICES 285,073
    1401 MCKINNEY SUITE 1900
    HOUSTON,TX77010
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    281,878,113
    b
    Average of monthly cash balances.......................
    1b
    16,388,113
    c
    Fair market value of all other assets (see instructions)................
    1c
    100,133,868
    d
    Total (add lines 1a, b, and c).........................
    1d
    398,400,094
    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
    398,400,094
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    5,976,001
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    392,424,093
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    19,621,205
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    19,621,205
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    932,172
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    932,172
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,689,033
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    18,689,033
    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 XII, line 1 ...
    7
    18,689,033
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 18,689,033
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019...... 1,726,076
    e From 2020......  
    f Total of lines 3a through e ........ 1,726,076
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 16,592,770
    a Applied to 2020, but not more than line 2a 0
    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 2021 distributable amount..... 16,592,770
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,726,076 1,726,076
    (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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		370,187
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 900
    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:
    THE SCHARBAUER FOUNDATION SEEKS TO MAKE GRANTS THAT WILL HELP MIDLAND BE A BETTER PLACE IN WHICH TO LIVE AND OPERATE A BUSINESS. THE FOLLOWING ARE GENERAL GUIDELINES USED BY THE FOUNDATION IN EVALUATING GRANT REQUESTS. FOCUS AREAS * EDUCATION * HEALTH * PUBLIC/CIVIC BENEFIT * HUMAN/SOCIAL SERVICES GEOGRAPHICAL PREFERENCE AREAS * MIDLAND, TEXAS * ODESSA, TEXAS
    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 900
    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:
    TYPES OF GRANTS PREFERENCE IS GIVEN TO REQUESTS FOR ASSISTANCE WITH CAPITAL IMPROVEMENTS, CONSTRUCTION, OR EXPANSION OF PROGRAM CAPACITY. THE FOUNDATION GENERALLY WILL NOT FUND CONSECUTIVE YEAR NON-CAPITAL GRANTS.
    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 900
    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:
    REQUESTS WILL BE CONSIDERED ONLY FROM QUALIFIED NON-PROFIT ORGANIZATIONS WHICH O ARE TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), O ARE FURTHER CLASSIFIED AS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 509(A), AND, O PROVIDE A COPY OF THE IRS LETTER OF DETERMINATION RULING. APPLICANTS CLAIMING EXEMPTION AS A GOVERNMENT ENTITY MUST ALSO PROVIDE EVIDENCE OF THEIR TAX-EXEMPT STATUS.
    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 900
    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:
    * PRE-APPLICATIONS FROM COLLEGES OR UNIVERSITIES MUST BE SUBMITTED BY THE DEVELOPMENT OFFICE ON BEHALF OF THE INSTITUTION. * NO GRANTS OR LOANS WILL BE MADE TO INDIVIDUALS, CHURCHES, LOBBYING ORGANIZATIONS, OR INDIVIDUAL PUBLIC/PRIVATE SCHOOLS THAT PROVIDE PRIMARY OR SECONDARY EDUCATION TO THE GENERAL POPULATION.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    SAFE PLACE OF THE PERMIAN BASIN
    PO BOX 11331
    MIDLAND,TX79702     		NONE PC A SAFE PLACE TO REBUILD CAPITAL CAMPAIGN 3,500,000
    SENIOR LIFE MIDLAND
    PO BOX 80519
    MIDLAND,TX79708     		NONE PC SENIOR LIFE MIDLAND CAPITAL CAMPAIGN 3,000,000
    COMMUNITIES FOUNDATION OF TEXAS (FBO MIDLAND DOWNTOWN PARK CONSERVANCY)
    5500 CARUTH HAVEN LANE
    DALLAS,TX75225     		NONE PC MIDLAND DOWNTOWN PARK CONSERVANCY 2,000,000
    ODESSA COLLEGE FOUNDATION
    201 W UNIVERSITY BLVD
    ODESSA,TX79764     		NONE PC WOOD HEALTH SCIENCES BUILDING CAPITAL CAMPAIGN 1,000,000
    TEXAS TECH UNIVERSITY HEALTH SCIENCE CENTER - PERMIAN BASIN
    800 W 4TH STREET
    ODESSA,TX79762     		NONE PC CAPITAL CAMPAIGN: TTUHSC PHYSICIAN ASSISTANT PROGRAM EXPANSION 1,000,000
    NORTHEAST MIDLAND COUNTY VOLUNTEER FIRE DEPARTMENT
    3810 N COUNTY RD 1130
    MIDLAND,TX79705     		NONE PC NEW FIRE STATION 600,000
    MIDLAND CHILDREN'S REHABILITATION CENTER INC
    802 VENTURA AVE
    MIDLAND,TX79705     		NONE PC F. MARIE HALL AQUATIC THERAPY CENTER 590,000
    YOUNG LIFE
    420 N CASCADE AVE
    COLORADO SPRINGS,CO80903     		NONE PC YOUNG LIFE TEXAS CAMP LONEHOLLOW PHASE II CLUB ROOM 500,000
    311 MINISTRIES
    PO BOX 8402
    MIDLAND,TX79708     		NONE PC THE VILLAGE CAPITAL CAMPAIGN 400,000
    MIDLAND COMMUNITY DEVELOPMENT CORPORATION
    208 S MARIENFELD
    MIDLAND,TX79701     		NONE PC HILLCREST VILLAGE - PHASE I INFRASTRUCTURE DEVELOPMENT 400,000
    UNLOCK MINISTRIES INC (DBA OPPORTUNITY TRIBE)
    PO BOX 7742
    MIDLAND,TX79708     		NONE PC OPPORTUNITY HOUSE: PURCHASE & RENOVATIONS 350,000
    UNIVERSITY OF TEXAS SYSTEM ADMINISTRATION - OFFICE OF HEALTH AFFAIRS
    210 WEST 7TH STREET
    AUSTIN,TX78701     		NONE PC PERMIAN BASIN COMMUNITY HEALTHCARE NEEDS ASSESSMENT 208,656
    BOY SCOUTS OF AMERICA BUFFALO TRAIL COUNCIL
    1101 W TEXAS AVE
    MIDLAND,TX79701     		NONE PC IMPROVEMENT PROJECTS AT BUFFALO TRAIL SCOUT RANCH 200,000
    CITY OF MIDLAND AQUATICS INC
    3003 N A ST
    MIDLAND,TX797055304     		NONE PC PHYSICAL THERAPY CENTER HVAC REPLACEMENT & RENOVATION PROJECT 200,000
    ECTOR COUNTY ISD EDUCATION FOUNDATION INC
    PO BOX 951
    ODESSA,TX79760     		NONE PC ECISD VACCINATION INCENTIVE PROGRAM FOR STAFF 150,000
    MARC INC
    2701 N A ST
    MIDLAND,TX79705     		NONE PC CAPITAL CAMPAIGN: ADDITIONAL FUNDRAISING FOR NEW ADMINISTRATION AND DAY CENTER BUILDINGS 150,000
    MIDLAND ISD EDUCATION FOUNDATION
    615 W MISSOURI AVE
    MIDLAND,TX79701     		NONE PC MISD VACCINATION INCENTIVE PROGRAM FOR STAFF 150,000
    MARFA PUBLIC RADIO CORPORATION
    PO BOX 238
    MARFA,TX79843     		NONE PC UNRESTRICTED GRANT 116,076
    BREAKING BREAD MINISTRIES
    PO BOX 9402
    MIDLAND,TX79708     		NONE PC BUILDING EXPANSION PROJECT 100,000
    HOSPICE OF MIDLAND
    PO BOX 2621
    MIDLAND,TX79702     		NONE PC FACILITY RENOVATION 100,000
    MANOR PARK INC
    2208 N LOOP 250 W
    MIDLAND,TX79707     		NONE PC BI-POLAR IONIZATION AIR FILTRATION SYSTEM 100,000
    STARLIGHT THERAPEUTIC RIDING CENTER INC
    6 DESTA DR STE 3000
    MIDLAND,TX79705     		NONE PC FACILITY BUILD-OUT SUPPORT FOR STARLIGHT THERAPEUTIC RIDING CENTER 100,000
    THE MARTIN COUNTY FOOD PANTRY PROGRAM
    PO BOX 1189
    STANTON,TX79782     		NONE PC NEW FACILITY 100,000
    MEADOWS MENTAL HEALTH POLICY INSTITUTE OF TEXAS
    2800 SWISS AVENUE
    DALLAS,TX75204     		NONE PC MIDLAND ISD BEHAVIORAL HEALTH PROJECT 96,667
    AGAPE COUNSELING SERVICES OF WEST TEXAS
    3500 NORTH A STREET SUITE 2400
    MIDLAND,TX79705     		NONE PC RECRUIT AND HIRE ADDITIONAL STAFF 80,000
    MIDLAND ISD EDUCATION FOUNDATION
    615 W MISSOURI AVE
    MIDLAND,TX79701     		NONE PC DIRECTOR OF OPPORTUNITY CULTURE MISD STAFF POSITION 70,380
    MIDLAND COLLEGE FOUNDATION INC
    3600 N GARFIELD ST
    MIDLAND,TX79705     		NONE PC LEGACY SCHOLARSHIP PROGRAM AT MC 2021-2022 55,000
    COMMUNITIES FOUNDATION OF TEXAS INC (ON BEHALF OF TEXAS IMPACT NETWORK)
    5500 CARUTH HAVEN LANE
    DALLAS,TX75225     		NONE PC MISD TEACHER INCENTIVE ALLOTMENT APPLICATION ASSISTANCE 50,000
    COMMUNITIES IN SCHOOLS OF THE PERMIAN BASIN INC
    415 W WALL ST STE 1420
    MIDLAND,TX79701     		NONE PC MENTAL HEALTH PROGRAM SUPPORT 50,000
    MIDLAND COLLEGE FOUNDATION INC
    3600 N GARFIELD ST
    MIDLAND,TX79705     		NONE PC EARLY COLLEGE HIGH SCHOOL AT MC 2021-2022 50,000
    NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN
    3500 NORTH A ST
    MIDLAND,TX79701     		NONE PC GENERAL SUPPORT FOR EXISTING PROGRAMS 50,000
    SPRINGBOARD CENTER
    200 CORPORATE DRIVE
    MIDLAND,TX79705     		NONE PC GENERAL OPERATING 50,000
    UNITED WAY OF MIDLAND INC
    1209 W WALL ST
    MIDLAND,TX79701     		NONE PC 2021 ANNUAL CAMPAIGN 50,000
    HOSPICE OF MIDLAND
    PO BOX 2621
    MIDLAND,TX79702     		NONE PC 2021 BOARD DIRECTED GIFTS 30,000
    BACKYARD MIDLAND
    2812 NORTHTOWN PL
    MIDLAND,TX79705     		NONE PC CARGO VAN TO PROVIDE SERVICES TO THE HOMELESS 25,000
    BYNUM SCHOOL
    PO BOX 80175
    MIDLAND,TX79708     		NONE PC FUNDING FOR STUDENT TUITION GRANTS FOR 2021-2022 SCHOOL YEAR 25,000
    MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		NONE PC 2021 BOARD DIRECTED GIFT 25,000
    THE LIFE CENTER
    2101 W WALL ST
    MIDLAND,TX79701     		NONE PC 2021 BOARD DIRECTED GIFT 25,000
    YOUNG LIFE
    420 N CASCADE AVE
    COLORADO SPRINGS,CO80903     		NONE PC 2021 BOARD DIRECTED GIFT 20,000
    MIDLAND MEMORIAL FOUNDATION
    400 ROSALIND REDFERN GROVER PKWY
    MIDLAND,TX79701     		NONE PC 2021 BOARD DIRECTED GIFT 15,000
    ODESSA CHRISTMAS IN ACTION INC
    PO BOX 15075
    ODESSA,TX79768     		NONE PC WORKDAYS AND EMERGENCY REPAIRS 15,000
    PERMIAN BASIN BE THE CHANGE
    PO BOX 52643
    MIDLAND,TX79710     		NONE PC VIRTUAL IMPOWER PROGRAM 15,000
    PERMIAN BASIN PETROLEUM MUSEUM
    1510 INTERSTATE 20 WEST
    MIDLAND,TX79701     		NONE PC 2021 HALL OF FAME - WILDCATTER EVENT 15,000
    SENIOR LIFE MIDLAND
    PO BOX 80519
    MIDLAND,TX79708     		NONE PC 2021 BOARD DIRECTED GIFT 15,000
    AGAPE COUNSELING SERVICES OF WEST TEXAS
    3500 NORTH A STREET SUITE 2400
    MIDLAND,TX79705     		NONE PC 2021 BOARD DIRECTED GIFT 12,500
    CENTERS FOR CHILDREN AND FAMILIES INC
    3701 ANDREWS HIGHWAY
    MIDLAND,TX79703     		NONE PC 2021 BOARD DIRECTED GIFT 12,500
    HISPANIC CULTURAL CENTER OF MIDLAND
    PO BOX 51404
    MIDLAND,TX79710     		NONE PC ANNUAL MARIACHI/BALLET WORKSHOP 12,500
    MIDLAND RAPE CRISIS CENTER INC
    PO BOX 10081
    MIDLAND,TX79702     		NONE PC PURCHASE OF TWO NEW COPIERS AND EXPANDED WEBSITE CAPABILITIES 12,000
    EDUCATE MIDLAND
    3500 N A STREET SUITE 2700
    MIDLAND,TX79705     		NONE PC 2021 EXCELLENCE IN EDUCATION AWARDS 10,000
    FIRST TEE WEST TEXAS
    PO BOX 53035
    MIDLAND,TX79710     		NONE PC 2021 BOARD DIRECTED GIFT 10,000
    MIDLAND TEEN COURT
    615 W MISSOURI AVE SUITE 420-A
    MIDLAND,TX79701     		NONE PC GENERAL OPERATING SUPPORT 10,000
    UNITED WAY OF MIDLAND INC
    1209 W WALL ST
    MIDLAND,TX79701     		NONE PC 2021 BOARD DIRECTED GIFT 10,000
    BIG BROTHERS BIG SISTERS OF THE PERMIAN BASIN INC
    714 W LOUISIANA AVE
    MIDLAND,TX79701     		NONE PC 2021 BOARD DIRECTED GIFT 5,000
    MIDLAND HABITAT FOR HUMANITY
    PO BOX 2555
    MIDLAND,TX79702     		NONE PC 2021 BOARD DIRECTED GIFT 5,000
    PHILANTHROPY SOUTHWEST
    1910 PACIFIC AVE SUITE 13500
    DALLAS,TX75201     		NONE PC 2021-SUPPORT 5,000
    SIBLEY NATURE CENTER
    1307 E WADLEY AVE
    MIDLAND,TX79705     		NONE PC 2021 BOARD DIRECTED GIFT 5,000
    SIBLEY NATURE CENTER
    1307 E WADLEY AVE
    MIDLAND,TX79705     		NONE PC UNRESTRICTED GIFT 5,000
    STARLIGHT THERAPEUTIC RIDING CENTER INC
    6 DESTA DR STE 3000
    MIDLAND,TX79705     		NONE PC 2021 BOARD DIRECTED GIFT 5,000
    WEST TEXAS FOOD BANK
    PO BOX 4242
    ODESSA,TX79760     		NONE PC 2021 BOARD DIRECTED GIFT 5,000
    AGAPE COUNSELING SERVICES OF WEST TEXAS
    3500 NORTH A STREET SUITE 2400
    MIDLAND,TX79705     		NONE PC MENTAL HEALTH COUNSELING FOR FIRST RESPONDERS AND HEALTHCARE PROVIDERS 2,500
    CENTERS FOR CHILDREN AND FAMILIES INC
    3701 ANDREWS HIGHWAY
    MIDLAND,TX79703     		NONE PC MENTAL HEALTH COUNSELING FOR FIRST RESPONDERS AND HEALTHCARE PROVIDERS 2,500
    SAMARITAN COUNSELING CENTER OF WEST TEXAS INC
    PO BOX 60312
    MIDLAND,TX79711     		NONE PC MENTAL HEALTH COUNSELING FOR FIRST RESPONDERS AND HEALTHCARE PROVIDERS 2,500
    PHILANTHROPY ROUNDTABLE
    14730 M STREET NW SUITE 601
    WASHINGTON,DC20036     		NONE PC 2021-MEMBERSHIP GRANT 1,000
    HISTORIC CANE HILL INC
    PO BOX 83
    CANEHILL,AR72717     		NONE PC IN MEMORIUM 250
    Total .................................bullet 3a 15,975,029
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 818,468  
    4 Dividends and interest from securities ....          
    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 .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 18,928,721  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 69,061,413 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    69,061,413
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 instructions.
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 10,927 8,195   2,732

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 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 2011-06-30 568 512 200DB 7.000000000000 0 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 1,278   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 36 200DB 7.000000000000 0 0    
    ALYSHEBA PRINT 2012-02-21 45 22 200DB 7.000000000000 0 0    
    BOOKENDS 2012-02-21 65 32 200DB 7.000000000000 0 0    
    FLOOR MAT 2012-02-21 278 137 200DB 7.000000000000 0 0    
    G. HARVEY PAINTING 2012-02-21 940     0 % 0 0    
    OFFICE LAMPS 2012-02-21 1,079 538 200DB 7.000000000000 0 0    
    PORTRAIT FRAME 2012-02-21 272 135 200DB 7.000000000000 0 0    
    SILK OFFICE PLANTS 2012-02-21 745 371 200DB 7.000000000000 0 0    
    TABLETOP GLASS FOR 17 TOPS 2012-02-21 1,902 951 200DB 7.000000000000 0 0    
    FLOOR MAT 2012-03-30 489 244 200DB 7.000000000000 0 0    
    FRAMED JOCKEY SILK 2012-04-04 383 191 200DB 7.000000000000 0 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 2016-06-16 347 163 200DB 5.000000000000 10 0    
    HP ELITE DESKTOP COMP 2016-07-12 1,578 743 200DB 5.000000000000 23 0    
    HP ELITE DESK 800 DESKTOP 2016-07-12 1,578 743 200DB 5.000000000000 23 0    
    HP ELITE DESK 800 DESKTOP 2016-07-12 1,578 743 200DB 5.000000000000 23 0    
    BOOKCASE 2016-07-13 1,917 746 200DB 7.000000000000 85 0    
    LATERAL FILE CABINET 2016-07-13 1,425 554 200DB 7.000000000000 64 0    
    HOOKER CREDENZA 2017-07-10 2,722 935 200DB 7.000000000000 122 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 0 0    
    OFFICE FURNITURE 2019-01-30 2,606 1,210 200DB 7.000000000000 399 0    
    SOFA TABLE 53" X 16" X 27" 2019-02-25 477 221 200DB 7.000000000000 73 0    
    9TH FLOOR GLASS LOGO 2019-12-16 3,758 1,169 200DB 7.000000000000 740 0    
    9TH FLOOR RECEPTION AREA F&F 2019-12-30 3,500 1,089 200DB 7.000000000000 689 0    
    9TH FL TENANT LHI 2019-10-31 19,710 2,193 150DB 15.000000000000 1,752 0    
    9TH FLOOR RENOVATION 2019-12-09 144,019 16,029 150DB 15.000000000000 12,803 0    
    9TH FLOOR RENOVATION 2019-12-10 106,279 11,828 150DB 15.000000000000 9,448 0    
    9TH FL LHI STE 900 2019-12-31 775 87 150DB 15.000000000000 69 0    
    HP LASERJET PRINTER SN VNCKLDF71Q 2019-02-12 365 223 200DB 5.000000000000 57 0    
    HP LASERJET PRINTER SN VNCKLDF736 2019-02-12 365 223 200DB 5.000000000000 57 0    
    HP ELITE DESK 800 G4 SN MXL9031T7Y 2019-02-12 1,064 649 200DB 5.000000000000 166 0    
    HP E273M27" LED MNTR SN CNC741292J 2019-02-12 279 171 200DB 5.000000000000 44 0    
    HP E273M27" LED MNTR SN CNC741293S 2019-02-12 279 171 200DB 5.000000000000 44 0    
    APC BACK UPS, MS OFC 365 PLAN, INSTALL 2019-02-12 548 334 200DB 5.000000000000 32 0    
    HP COLOR LASERJET PRNTR SN VNCKM1C5RQ 2019-03-05 365 223 200DB 5.000000000000 57 0    
    CHAIR MAT 2019-04-02 663 274 200DB 7.000000000000 14 0    
    HOOKER LATERAL FILE & BOOKCASE 2019-04-03 355 146 200DB 7.000000000000 60 0    
    PATCI LEWIS SET UP 2019-12-11 2,247 966 200DB 5.000000000000 512 0    
    HPE PROLIANT MICROSERVER 2019-12-19 2,282 981 200DB 5.000000000000 520 0    
    LHI SUITE 900 2020-01-21 125,635 6,282 150DB 15.000000000000 11,935 0    
    LHI SUITE 900 2020-02-10 775 39 150DB 15.000000000000 74 0    
    LHI SUITE 900 (INCL REIMBURSEMENT) 2020-02-17 70,491 3,525 150DB 15.000000000000 6,697 0    
    LHI SUITE 900 2020-03-10 1,425 71 150DB 15.000000000000 135 0    
    LHI SUITE 900 2020-06-23 10,000 500 150DB 15.000000000000 950 0    
    LHI SUITE 900 DIMMER SWITCH DINING 2020-06-25 496 25 150DB 15.000000000000 47 0    
    LHI SUITE 900 COAT HOOKS & INSTALLATION 2020-06-25 522 26 150DB 15.000000000000 50 0    
    LHI SUITE 900 WINDOW SHADES & INSTALLATION 2020-08-07 7,835 392 150DB 15.000000000000 744 0    
    ACCENT TABLE - RECEPTION (2) 2020-02-05 1,340 191 200DB 7.000000000000 328 0    
    CHAIRS - RECEPTION (4) 2020-02-05 2,100 300 200DB 7.000000000000 514 0    
    DELIVERY RECEPTION FURNITURE 2020-02-05 80 11 200DB 7.000000000000 20 0    
    LARGE ARRANGEMENT IN WOOD 2020-02-21 530 76 200DB 7.000000000000 130 0    
    MATISSE TABLE LAMPS (2) 2020-02-21 400 57 200DB 7.000000000000 98 0    
    RUG RUNNER (3) 2020-10-20 900 129 200DB 7.000000000000 220 0    
    SOFA - MOLLY 41 - SSCOTT OFC 2020-02-17 1,600 229 200DB 7.000000000000 392 0    
    TABLE, ST JAMES METAL/STONE CONSOLE - RECEPTION AREA 2020-02-18 1,500 214 200DB 7.000000000000 367 0    
    JP-65" SAMSUNG 2020-03-02 1,810 259 200DB 7.000000000000 443 0    
    JP-BED BATH BEYOND KITCHEN SUPPLIES SUIT 900 2020-03-18 806 115 200DB 7.000000000000 197 0    
    JP-BEST BUY HANGING BRACKET 2020-03-18 180 26 200DB 7.000000000000 44 0    
    JP-DILLARDS KITCHEN SUPPLIES SUITE 900 2020-03-18 331 47 200DB 7.000000000000 81 0    
    JP-HOOVER UPRIGHT 2020-03-02 149 21 200DB 7.000000000000 36 0    
    JP-HP SPECTRA LAPTOPS (2) 2020-03-02 1,850 264 200DB 7.000000000000 453 0    
    JP-REFRIGERATOR FOR OFFICE 2020-03-02 1,250 179 200DB 7.000000000000 306 0    
    JP-WEBCAM & SPEAKERS ECR 2020-03-02 370 53 200DB 7.000000000000 91 0    
    RUG FOR RECEPTION ACREA - CARTER'S FURNITURE 2020-02-10 1,350 193 200DB 7.000000000000 331 0    
    SS-75" SAMSUNG FOR ECR 2020-03-02 2,400 343 200DB 7.000000000000 588 0    
    BOOKCASE - JP 2020-01-29 651 93 200DB 7.000000000000 159 0    
    BOOKCASE - SS 2020-01-29 651 93 200DB 7.000000000000 159 0    
    BUFFET CREDENZA FOR SMALL CONFERENCE ROOM 2020-12-21 3,026 432 200DB 7.000000000000 741 0    
    CHAIRS - AURORA HI-BACK FOR CONFERENCE ROOMS (21) 2020-02-14 18,017 2,575 200DB 7.000000000000 4,412 0    
    CONFERENCE TABLE - WAVEWORKS FOR SMALL CONF ROOM. 2020-12-10 3,975 568 200DB 7.000000000000 973 0    
    CREDENZA/HUTCH - JP 2020-01-29 2,466 352 200DB 7.000000000000 604 0    
    CREDENZA/HUTCH - SS 2020-01-29 2,466 352 200DB 7.000000000000 604 0    
    DESK, ADJ HEIGHT - SS 2020-01-29 4,157 594 200DB 7.000000000000 1,018 0    
    DESK, ADJ HEIGHT- JP 2020-01-29 4,157 594 200DB 7.000000000000 1,018 0    
    DESK, DBLE PEDESTAL - SS 2020-01-29 2,555 365 200DB 7.000000000000 626 0    
    DESK, LEFT PEDESTAL - JP 2020-01-29 2,028 290 200DB 7.000000000000 497 0    
    LATERAL FILE - JP 2020-01-29 2,943 421 200DB 7.000000000000 721 0    
    CONFERENCE ROOM TABLE DELIVERY AND SET UP 2020-04-09 1,038 148 200DB 7.000000000000 254 0    
    HAND PICTURES, DELIVER RECEPTION ACCESSORIES 2020-03-12 1,032 147 200DB 7.000000000000 253 0    
    MIRROR RECEPTION AREAS 2020-03-03 420 60 200DB 7.000000000000 103 0    
    RECEPTION AREA FLOWER & POT 2020-06-08 117 17 200DB 7.000000000000 29 0    
    TABLE, ECR GLASS TOP 2020-01-09 31,966 4,568 200DB 7.000000000000 7,828 0    
    HP ENVY DESKTOP COMPUTER FOR GRANT 2020-06-03 690 138 200DB 5.000000000000 221 0    
    SURFACE PRO 7 WITH COVER - JP 2020-09-02 1,748 350 200DB 5.000000000000 559 0    
    JP-HP STORE MONITOR FOR SS 2020-03-18 315 63 200DB 5.000000000000 101 0    
    JP-BEST BUY HP PRINTER GAB 2020-03-18 399 80 200DB 5.000000000000 128 0    
    HP ELITEBOOK COMPUTER - SHANNA 2020-12-01 1,895 379 200DB 5.000000000000 606 0    
    BARCO CLICK SHARE CS-100 1 BUTTON FOR ECR DISPLAY COMPUTER TO SCREEN 2020-05-06 1,000 200 200DB 5.000000000000 320 0    
    ALLWORX TELEPHONE SYSTEM, LABOR, CAMERA,TV INSTALL 2020-12-31 12,962 2,592 200DB 5.000000000000 4,148 0    
    HPE PROLIENT MICROSERVER GEN 10 2020-03-11 1,840 368 200DB 5.000000000000 589 0    
    SERVER SET-UP 2020-07-10 200 40 200DB 5.000000000000 64 0    
    MS SURFACE PRO HARDWARE AND SET-UP FOR JP 2020-08-13 1,719 344 200DB 5.000000000000 550 0    
    MONITORS, DOCKING STATIONS, CABLE, ADAPTERS, LABOR - JP 2020-09-08 1,704 341 200DB 5.000000000000 545 0    
    HP ELITEDISPLAY E273 (2) FOR PL OFC 2020-09-10 978 196 200DB 5.000000000000 156 0    
    SOPHOS FIREWALL & SETUP 2020-12-31 909 182 200DB 5.000000000000 291 0    
    HP PAVILION & SET UP 2020-12-31 1,670 334 200DB 5.000000000000 534 0    
    HP LASERJET 479 - PATCI 2020-12-31 647 129 200DB 5.000000000000 207 0    
    WIFI UBIQUITI ACCESS POINTS & KEY 2020-12-31 474 95 200DB 5.000000000000 152 0    
    SUITE 900 - MOVE & REINSTALL IT EQUIPMENT 2020-12-31 2,200 440 200DB 5.000000000000 704 0    
    VARIOUS INSTALLATION, BATTERY BACKUP & SET UPS 2020-12-31 30 6 200DB 5.000000000000 10 0    
    LHI SECURITY CAMERA 2021-01-26 954   SL 5.000000000000 175 0    
    JP-OFFICE CHAIRS 2-SS, 2-JP 2021-09-01 3,850   SL 7.000000000000 183 0    
    FLOATING LEDGES & HANGERS 2021-09-08 3,509   SL 7.000000000000 167 0    
    HP ELITE DISPLAYS E273M (2) 2021-01-13 769   SL 5.000000000000 154 0    
    IPAD FOR CONFERENCING & CAMERA 2021-03-03 590   SL 5.000000000000 98 0    
    OWL-VIDEO CONFERENCING EQUIP FOR ECR 2021-03-04 1,069   SL 5.000000000000 178 0    
    HP ELITEBOOK FOR SS WITH TRAVEL HUB 2021-03-29 2,367   SL 5.000000000000 355 0    
    PARTIAL DISPOSAL OF ASSET 13 - OFFICE CHAIRS 2011-12-12 1,950   SL 7.000000000000 0 0    

    TY 2021 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 76,637,816 76,808,016

    TY 2021 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 189,238,700 249,532,843

    TY 2021 LandEtcSchedule2
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    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 1,278 1,278 0  
    CHEST 750 750 0  
    COFFEE TABLE 1945-93 493 493 0  
    LATERAL FILE CABINET 1,350 1,350 0  
    COMPUTER TABLE 669 669 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  
    TEA GLASSES 74 73 1  
    ALYSHEBA PRINT 45 45 0  
    BOOKENDS 65 65 0  
    FLOOR MAT 278 276 2  
    G. HARVEY PAINTING 940 0 940  
    OFFICE LAMPS 1,079 1,078 1  
    PORTRAIT FRAME 272 271 1  
    TABLETOP GLASS FOR 17 TOPS 1,902 1,902 0  
    FRAMED JOCKEY SILK 383 383 0  
    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 347 347 0  
    BOOKCASE 1,917 1,790 127  
    LATERAL FILE CABINET 1,425 1,331 94  
    HOOKER CREDENZA 2,722 2,418 304  
    COMPUTER EQUIPMENT 418 418 0  
    NETGEAR READY NAS DEVICE (785.00) 730 730 0  
    HP ELITE X2 TABLET 3,395 3,395 0  
    OFFICE FURNITURE 2,606 1,609 997  
    SOFA TABLE 53" X 16" X 27" 477 294 183  
    9TH FLOOR GLASS LOGO 3,758 1,909 1,849  
    9TH FLOOR RECEPTION AREA F&F 3,500 1,778 1,722  
    9TH FL TENANT LHI 19,710 3,945 15,765  
    9TH FLOOR RENOVATION 144,019 28,832 115,187  
    9TH FLOOR RENOVATION 106,279 21,276 85,003  
    9TH FL LHI STE 900 775 156 619  
    HP LASERJET PRINTER SN VNCKLDF71Q 365 280 85  
    HP LASERJET PRINTER SN VNCKLDF736 365 280 85  
    HP ELITE DESK 800 G4 SN MXL9031T7Y 1,064 815 249  
    HP E273M27" LED MNTR SN CNC741292J 279 215 64  
    HP E273M27" LED MNTR SN CNC741293S 279 215 64  
    HP COLOR LASERJET PRNTR SN VNCKM1C5RQ 365 280 85  
    HOOKER LATERAL FILE & BOOKCASE 355 206 149  
    PATCI LEWIS SET UP 2,247 1,478 769  
    HPE PROLIANT MICROSERVER 2,282 1,501 781  
    LHI SUITE 900 125,635 18,217 107,418  
    LHI SUITE 900 775 113 662  
    LHI SUITE 900 (INCL REIMBURSEMENT) 70,491 10,222 60,269  
    LHI SUITE 900 1,425 206 1,219  
    LHI SUITE 900 10,000 1,450 8,550  
    LHI SUITE 900 DIMMER SWITCH DINING 496 72 424  
    LHI SUITE 900 COAT HOOKS & INSTALLATION 522 76 446  
    LHI SUITE 900 WINDOW SHADES & INSTALLATION 7,835 1,136 6,699  
    ACCENT TABLE - RECEPTION (2) 1,340 519 821  
    CHAIRS - RECEPTION (4) 2,100 814 1,286  
    DELIVERY RECEPTION FURNITURE 80 31 49  
    LARGE ARRANGEMENT IN WOOD 530 206 324  
    MATISSE TABLE LAMPS (2) 400 155 245  
    RUG RUNNER (3) 900 349 551  
    SOFA - MOLLY 41 - SSCOTT OFC 1,600 621 979  
    TABLE, ST JAMES METAL/STONE CONSOLE - RECEPTION AREA 1,500 581 919  
    JP-65" SAMSUNG 1,810 702 1,108  
    JP-BED BATH BEYOND KITCHEN SUPPLIES SUIT 900 806 312 494  
    JP-BEST BUY HANGING BRACKET 180 70 110  
    JP-DILLARDS KITCHEN SUPPLIES SUITE 900 331 128 203  
    JP-HOOVER UPRIGHT 149 57 92  
    JP-HP SPECTRA LAPTOPS (2) 1,850 717 1,133  
    JP-REFRIGERATOR FOR OFFICE 1,250 485 765  
    JP-WEBCAM & SPEAKERS ECR 370 144 226  
    RUG FOR RECEPTION ACREA - CARTER'S FURNITURE 1,350 524 826  
    SS-75" SAMSUNG FOR ECR 2,400 931 1,469  
    BOOKCASE - JP 651 252 399  
    BOOKCASE - SS 651 252 399  
    BUFFET CREDENZA FOR SMALL CONFERENCE ROOM 3,026 1,173 1,853  
    CHAIRS - AURORA HI-BACK FOR CONFERENCE ROOMS (21) 18,017 6,987 11,030  
    CONFERENCE TABLE - WAVEWORKS FOR SMALL CONF ROOM. 3,975 1,541 2,434  
    CREDENZA/HUTCH - JP 2,466 956 1,510  
    CREDENZA/HUTCH - SS 2,466 956 1,510  
    DESK, ADJ HEIGHT - SS 4,157 1,612 2,545  
    DESK, ADJ HEIGHT- JP 4,157 1,612 2,545  
    DESK, DBLE PEDESTAL - SS 2,555 991 1,564  
    DESK, LEFT PEDESTAL - JP 2,028 787 1,241  
    LATERAL FILE - JP 2,943 1,142 1,801  
    CONFERENCE ROOM TABLE DELIVERY AND SET UP 1,038 402 636  
    HAND PICTURES, DELIVER RECEPTION ACCESSORIES 1,032 400 632  
    MIRROR RECEPTION AREAS 420 163 257  
    RECEPTION AREA FLOWER & POT 117 46 71  
    TABLE, ECR GLASS TOP 31,966 12,396 19,570  
    HP ENVY DESKTOP COMPUTER FOR GRANT 690 359 331  
    SURFACE PRO 7 WITH COVER - JP 1,748 909 839  
    JP-HP STORE MONITOR FOR SS 315 164 151  
    JP-BEST BUY HP PRINTER GAB 399 208 191  
    HP ELITEBOOK COMPUTER - SHANNA 1,895 985 910  
    BARCO CLICK SHARE CS-100 1 BUTTON FOR ECR DISPLAY COMPUTER TO SCREEN 1,000 520 480  
    ALLWORX TELEPHONE SYSTEM, LABOR, CAMERA,TV INSTALL 12,962 6,740 6,222  
    HPE PROLIENT MICROSERVER GEN 10 1,840 957 883  
    SERVER SET-UP 200 104 96  
    MS SURFACE PRO HARDWARE AND SET-UP FOR JP 1,719 894 825  
    MONITORS, DOCKING STATIONS, CABLE, ADAPTERS, LABOR - JP 1,704 886 818  
    SOPHOS FIREWALL & SETUP 909 473 436  
    HP PAVILION & SET UP 1,670 868 802  
    HP LASERJET 479 - PATCI 647 336 311  
    WIFI UBIQUITI ACCESS POINTS & KEY 474 247 227  
    SUITE 900 - MOVE & REINSTALL IT EQUIPMENT 2,200 1,144 1,056  
    VARIOUS INSTALLATION, BATTERY BACKUP & SET UPS 30 16 14  
    LHI SECURITY CAMERA 954 175 779  
    JP-OFFICE CHAIRS 2-SS, 2-JP 3,850 183 3,667  
    FLOATING LEDGES & HANGERS 3,509 167 3,342  
    HP ELITE DISPLAYS E273M (2) 769 154 615  
    IPAD FOR CONFERENCING & CAMERA 590 98 492  
    OWL-VIDEO CONFERENCING EQUIP FOR ECR 1,069 178 891  
    HP ELITEBOOK FOR SS WITH TRAVEL HUB 2,367 355 2,012  


    TY 2021 LegalFeesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ATTORNEY 310,328 308,158   2,170


    TY 2021 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 851,914 851,914 99,565,000


    TY 2021 OtherDecreasesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description Amount
    NONDEDUCTIBLE FEDERAL EXCISE TAX 982,000
    ACCRUAL TO CASH CONVERSION 6,388,410


    TY 2021 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 5,699 4,274   1,425
    BOND PREMIUM AMORTIZATION 85,531 85,531   0
    BUSINESS MEALS 5,496 3,031   2,465
    CONSULTING 19,005 1,241   17,764
    CONTRACT SERVICES 33,644 25,233   8,411
    DUES 8,439 7,159   1,280
    INSURANCE 33,978 24,239   9,739
    INVESTMENT EXPENSES 631,549 631,549   0
    IT/COMPUTER EXPENSES 21,690 16,268   5,422
    MISCELLANEOUS 2,716 2,037   679
    PENSION PLAN EXPENSES 4,828 2,028   2,800
    REPAIR & MAINTENANCE 1,367 1,025   342
    SUBSCRIPTIONS 21,055 922   20,133
    SUPPLIES 14,953 6,280   8,673
    TELEPHONE & UTILITIES 7,551 5,663   1,888


    TY 2021 OtherIncomeSchedule2
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SCHARBAUER MINERALS 44,369,305 44,369,305 44,369,305
    OTHER INCOME 15,860 15,860 15,860


    TY 2021 TaxesSchedule
    Name:
    SCHARBAUER FOUNDATION INC
    EIN:
    26-2527362
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 25,739 25,739   0