Permian Basin Bicycle Association
- Assets
- $61.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 09/1987
- Data as of
- 12/2023
- EIN
- 75-2184387
Organization Overview
Permian Basin Bicycle Association is located in Midland, TX. The organization was established in 1987. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permian Basin Bicycle Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Permian Basin Bicycle Association generated $55.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $51.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TOURING TIME TRIALS ARE MEMBER EVENTS HELD THROUGHOUT THE YEAR COSTS ARE INCURRED THOUGHOUT THE YEAR THE MEMBERS PARTICIPATE IN VARIOUS CHARITABLE FUNDRAISING EVENTS SUCH AS THE NATIONAL MULTIPLE SCLEROSIS MS-150 RIDE FOR THIS EVENT THE MEMBERS RAISE BETWEEN 15000 AND 20000 ANNUALLY WHICH GOES DIRECTLY TO THE NATIONAL MULTIPLE SCLEROSIS SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Burkhart President | 1 | $0 | |
Clif Coleman Vice President | 1 | $0 | |
Isaac Navarrete Secretary | 1 | $0 | |
Kye King Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $34,956 |
| Membership dues | $18,002 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,892 |
| 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 | $255 |
| Other expenses | $33,641 |
| Total expenses | $51,896 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,196 |
| Other assets | $0 |
| Total assets | $61,930 |
| Total liabilities | $19,905 |
| Net assets or fund balances | $42,025 |