Permian Basin Oil Show Inc
- Assets
- $2.7m
- Revenue
- $624.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Odessa, TX
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 75-1048892
Organization Overview
Permian Basin Oil Show Inc is located in Odessa, TX. The organization was established in 0000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Permian Basin Oil Show Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permian Basin Oil Show Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Permian Basin Oil Show Inc generated $624.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $677.5k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PERMIAN BASIN INTERNATIONAL OIL SHOW CONDUCTS A BIENNIAL TRADE SHOW FOR THE OIL & GAS INDUSTRY. APPROXIMATELY 750 COMPANIES ARE REPRESENTED WITH ATTENDANCE IN EXCESS OF 18,000 RELATED INDUSTRY INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PERMIAN BASIN INTERNATIONAL OIL SHOW CONDUCTS A BIENNIAL TRADE SHOW FOR THE OIL & GAS INDUSTRY. APPROXIMATELY 743 COMPANIES ARE REPRESENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Fry Executive Director | OfficerTrustee | 40 | $66,750 |
Stephen Hill Vice President | OfficerTrustee | 2 | $0 |
Steve Greenhill Executive Committee Member | OfficerTrustee | 2 | $0 |
John Dinger Past President | OfficerTrustee | 1 | $0 |
'bro' W Hill Past President | OfficerTrustee | 1 | $0 |
Monnie Sparkman Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,580 |
| Total Program Service Revenue | $258,647 |
| Investment income | $39,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $295,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $624,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,372 |
| Fees for services: Other | $62,137 |
| Advertising and promotion | $69,663 |
| Office expenses | $9,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,114 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,199 |
| Insurance | $14,607 |
| All other expenses | $2,756 |
| Total functional expenses | $677,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,944 |
| Savings and temporary cash investments | $2,453,453 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,600 |
| Prepaid expenses and deferred charges | $25,250 |
| Net Land, buildings, and equipment | $26,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,600 |
| Total assets | $2,743,330 |
| Accounts payable and accrued expenses | $580 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $580 |
| Net assets without donor restrictions | $2,742,750 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,743,330 |
Grants Awarded
Over the last fiscal year, Permian Basin Oil Show Inc has awarded $261,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MIDLAND COLLEGE PURPOSE: SCHOLARSHIPS | $75,000 |
Odessa, TX PURPOSE: SCHOLARSHIPS | $75,000 |
UNIVERSITY OF TEXAS PERMIAN BASIN PURPOSE: SCHOLARSHIPS | $75,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIPS | $30,000 |
Midland, TX PURPOSE: SCHOLARSHIPS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Physician Services Inc Marrero, LA | $14,295,398 | $37,317,749 |
Circuit Events Local Organizing Committee Austin, TX | $5,758,250 | $14,482,431 |
American Productivity & Quality Center Inc Houston, TX | $30,940,165 | $18,224,607 |
Dallas Tourism Public Improvement District Corporation Dallas, TX | $29,263,170 | $10,147,188 |
Better Business Bureau Of North Central Texas Inc Dallas, TX | $3,812,795 | $6,541,958 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Open Compute Project Foundation Austin, TX | $5,357,330 | $7,132,647 |
San Antonio Tourism Public Improvement District Corporation San Antonio, TX | $8,579,205 | $6,386,484 |
William A Lawson Institute For Peace & Prosperity Houston, TX | $12,461,470 | $3,692,985 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Oklahoma Alliance For Manufacturing Excellence Inc Tulsa, OK | $2,792,871 | $3,651,596 |
La Fe Preparatory School Inc El Paso, TX | $1,712,513 | $2,611,735 |