Permian Basin Fair And Exposition Scholarship Fund is located in Odessa, TX. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permian Basin Fair And Exposition Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Permian Basin Fair And Exposition Scholarship Fund generated $49.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $26.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
SOLICITATION OF DONATIONS TO PROVIDE SCHOLARSHIPS TO VARIOUS PARTICIPANTS OF THE PERMIAN BASIN FAIR AND EXPOSITION
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Chuck Leckbee Vice Preside | 0 | $0 | |
| David Austin Treasurer | 0 | $0 | |
| Randy Donner President | 0 | $0 | |
| Les Goddard Board Member | 0 | $0 | |
| Carla Clark Board Member | 0 | $0 | |
| Carolina Keith Board Member | 0 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,410 | 
| Total Program Service Revenue | $0 | 
| Membership dues | $0 | 
| Investment income | $16,764 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $11,799 | 
| Other Revenue | $8,182 | 
| Total Revenue | $49,155 | 
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 | 
| Benefits paid to or for members | $0 | 
| Salaries, other compensation, and employee benefits | $0 | 
| Professional fees and other payments to independent contractors | $0 | 
| Occupancy, rent, utilities, and maintenance | $0 | 
| Printing, publications, postage, and shipping | $0 | 
| Other expenses | $1,349 | 
| Total expenses | $26,699 | 
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,808 | 
| Other assets | $0 | 
| Total assets | $232,808 | 
| Total liabilities | $45,850 | 
| Net assets or fund balances | $186,958 |