Permian Basin Public Telecommunications Inc
- Assets
- $6.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Midland, TX
- Founding
- 06/2006
- Data as of
- 08/2022
- EIN
- 20-3221344
Organization Overview
Permian Basin Public Telecommunications Inc is located in Midland, TX. The organization was established in 2006. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Permian Basin Public Telecommunications Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permian Basin Public Telecommunications Inc 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 08/2022, Permian Basin Public Telecommunications Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.9m during the year ending 08/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS BASIN PBS'S MISSION TO SEE THAT TELECOMMUNICATION AND BROADCAST MEDIA IS USED TO ADVANCE EDUCATION,CULTURE AND COMMUNITY THROUGHOUT OUR PERMIAN BASIN HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELEVISION & PROGRAMMING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Wolf General Mgr | Officer | 55 | $113,702 |
Laurie Johnson Board Chair | Officer | 3 | $0 |
Feliz Abalos Treasurer | Officer | 3 | $0 |
Sarana Savage Vice President | Officer | 3 | $0 |
Ron Chestnut Member | Officer | 3 | $0 |
Katie Roberts Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $303,598 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,798 |
| Total Program Service Revenue | $840,180 |
| Investment income | $286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $68,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,865,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $112,563 |
| Compensation of current officers, directors, key employees. | $25,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,083 |
| Payroll taxes | $41,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,527 |
| Fees for services: Accounting | $36,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,002 |
| Office expenses | $11,451 |
| Information technology | $5,054 |
| Royalties | $0 |
| Occupancy | $200,718 |
| Travel | $3,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,077 |
| Insurance | $34,890 |
| All other expenses | $104,250 |
| Total functional expenses | $1,931,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,210,852 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,354 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,453 |
| Net Land, buildings, and equipment | $4,643,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,948,171 |
| Accounts payable and accrued expenses | $74,602 |
| Grants payable | $0 |
| Deferred revenue | $21,333 |
| 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 | $95,935 |
| Net assets without donor restrictions | $6,644,503 |
| Net assets with donor restrictions | $207,733 |
| 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 | $6,948,171 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Permian Basin Public Telecommunications Inc has recieved totaling $213,000.
| Awarding Organization | Amount |
|---|---|
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE OUR STORIES MATTER PROJECT | $100,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Educational | $50,300 |
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE BRIGHT BY TEXT ($15,000) AND THE BACK TO SCHOOL FESTIVAL AUGUST 2022 ($15,000) | $30,000 |
Yarborough Foundation Midland, TX PURPOSE: OPERATING EXPENSES | $15,000 |
Helen Greathouse Charitable Trust Las Vegas, NV PURPOSE: GENERAL SUPPORT | $15,000 |
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE TOWN HALL MEETING LIVE BROADCAST WITH LOCAL HOSPITALS IN RESPONSE TO THE DELTA VARIANT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Of Texas Public Telecommunications Council Austin, TX | $23,167,186 | $19,588,032 |
Oklahoma Educational Television Authority Foundation Inc Oklahoma City, OK | $0 | $5,375,816 |
Greater New Orleans Educational Television Foundation New Orleans, LA | $17,354,764 | $5,233,389 |
Alamo Public Telecommunications Council San Antonio, TX | $8,269,201 | $5,542,564 |
Arkansas Educational Telecommunications Network Fdn Conway, AR | $10,223,173 | $4,896,981 |
Jacksonville Educators Broadcasting Inc Fort Worth, TX | $3,928,618 | $2,166,994 |
Houston Media Source Inc Houston, TX | $7,858,061 | $1,717,941 |
Permian Basin Public Telecommunications Inc Midland, TX | $6,948,171 | $1,865,396 |
Rgv Educational Broadcasting Inc Brownsville, TX | $0 | $489,198 |
Educational Broadcasting Foundation Inc New Orleans, LA | $2,662,068 | $1,899,777 |
Christian Ministries Of The Valley Inc Weslaco, TX | $2,852,829 | $1,105,260 |
Clean Channel Association Inc Pasadena, TX | $550,701 | $701,147 |