Permian Basin Bicycle Association
- Assets
- $54.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 09/1987
- Data as of
- 12/2022
- 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 12/2022, Permian Basin Bicycle Association generated $48.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $43.9k during the year ending 12/2022. While expenses have increased by 3.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Burkhart President | 0 | $0 | |
Jason Haislip Vice President | 0 | $0 | |
Cameron Hamer Secretary | 0 | $0 | |
Kye King Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,730 |
| Membership dues | $17,123 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,610 |
| 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 | $9 |
| Other expenses | $39,087 |
| Total expenses | $43,895 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,281 |
| Other assets | $0 |
| Total assets | $54,015 |
| Total liabilities | $15,986 |
| Net assets or fund balances | $38,029 |
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