Permian Basin Business Development Center
- Assets
- $16.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 01/2000
- Data as of
- 12/2019
- EIN
- 31-1725375
Organization Overview
Permian Basin Business Development Center is located in Odessa, TX. The organization was established in 2000. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permian Basin Business Development Center 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 Business Development Center generated $1.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.0%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE DEVELOPMENT OF SMALL BUSINESS ENTREPENUERS THROUGH LOANS, TECHNICAL ASSISTANCE, EDUCATION, INVESTMENTS AND OTHER BUSINESS TRANSACTIONS AND INCREASE IN THE INVESTMENT IN SMALL BUSINESS AND THE SUPPLY OF JOBS, INCLUDING JOBS TO LOW TO MODERATE INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iris Correa Vice Chairman | 1 | $0 | |
Joe Torres Chairman | 1 | $0 | |
Jo Ann Garcia Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1 |
| 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 | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,348 |
| Other assets | $0 |
| Total assets | $16,685 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,685 |