Permian Basin Oil Show Inc
- Assets
- $3.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Odessa, TX
- Founding
- 00/0000
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Permian Basin Oil Show Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 9 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.
Since 2015, Permian Basin Oil Show Inc has awarded 20 individual grants totaling $1,001,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 735 COMPANIES ARE REPRESENTED AND THE TRADE SHOW HAD 22,071 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Richards Board President | OfficerTrustee | 12 | $0 |
Tommy Pipes Past President | OfficerTrustee | 1 | $0 |
Martin Graves Vice President | OfficerTrustee | 1 | $0 |
Stephen Hill Vice President | OfficerTrustee | 1 | $0 |
Anthony Fry Executive Director | OfficerTrustee | 40 | $135,000 |
John Sparkman Asst. To The Executive Dir | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,704,535 |
| Investment income | $90,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,794,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $283,200 |
| 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. | $135,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,418 |
| Fees for services: Other | $85,456 |
| Advertising and promotion | $93,648 |
| Office expenses | $24,601 |
| Information technology | $9,902 |
| Royalties | $0 |
| Occupancy | $243,078 |
| Travel | $51,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,199 |
| Insurance | $22,343 |
| All other expenses | $3,529 |
| Total functional expenses | $1,502,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,962 |
| Savings and temporary cash investments | $2,733,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,043 |
| 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 | $0 |
| Net Land, buildings, and equipment | $30,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,933 |
| Total assets | $3,064,556 |
| Accounts payable and accrued expenses | $91,973 |
| 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 | $37,333 |
| Total liabilities | $129,306 |
| Net assets without donor restrictions | $2,935,250 |
| 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 | $3,064,556 |
Grants Awarded
Over the last fiscal year, Permian Basin Oil Show Inc has awarded $282,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF TEXAS PERMIAN BASIN PURPOSE: SCHOLARSHIPS | $80,000 |
ODESSA COLLEGE PURPOSE: SCHOLARSHIPS | $80,000 |
TEXAS TECH UNIVERSITY PURPOSE: SCHOLARSHIPS | $35,000 |
MIDLAND COLLEGE PURPOSE: SCHOLARSHIPS | $80,000 |
DESK & DERRICK CLUB OF MIDLAND PURPOSE: SCHOLARSHIPS | $7,000 |