Nonprofit · EIN 75-0750687
PETROLEUM CLUB OF MIDLAND
Tax-exempt · MIDLAND, TX 79702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $6,667,581 | $5,685,493 | $982,088 | $11,398,960 | $592,779 | $10,806,181 |
| October 31, 2024 | 990 | $6,372,071 | $5,662,670 | $709,401 | $10,272,426 | $572,975 | $9,699,451 |
| October 31, 2023 | 990 | $6,253,963 | $5,276,744 | $977,219 | $9,237,563 | $474,718 | $8,762,845 |
| October 31, 2021 | 990 | $4,595,525 | $5,400,180 | -$804,655 | $8,360,151 | $396,587 | $7,963,564 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,349,252
- Investment income
- $150,692
- Royalties
- $53,111
- Net gain from sales of assets
- $6,887
- Net income from sales of inventory
- $3,114,526
- Other revenue
- $3,167,637
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $326,810
- Other salaries and wages
- $2,512,708
- Salaries, compensation and benefits (total)
- $3,654,633
- Professional fundraising fees
- $0
- Accounting fees
- $22,000
- Occupancy
- $301,099
- Travel
- $2,113
- Depreciation
- $489,009
Balance sheet and other
- Total assets, start of year
- $10,272,426
- Total assets, end of year
- $11,398,960
- Total liabilities, end of year
- $592,779
- Net assets, end of year
- $10,806,181
- Land, buildings and equipment
- $6,229,134
- Publicly traded securities
- $2,122,579
- Net assets without donor restrictions
- $10,806,181
- Gross unrelated business income
- $370,387
- Gross receipts
- $8,135,680
- Employees
- 78
- Volunteers
- 10
- Year formed
- 1947
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARMANDO MARTINEZ | GENERAL MANAGER Key employee | 40 | $265,727 | $46,190 |
| CLYDE JAY SHUTTS | EXECUTIVE CHEF TO 6/2025 Highest-paid employee | 40 | $129,156 | $11,400 |
| STEVE GOREE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT DIMIT | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JORDAN DAVIS | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ZACK SLEDGE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLE HAMMOND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| AMY PITCOCK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BILL LANIER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GRANT WRIGHT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SUZANNE SMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TOMMY TAYLOR | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
990 for the year ended October 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARMANDO MARTINEZ | GENERAL MANAGER Key employee | 40 | $251,015 | $34,935 |
| CLYDE JAY SHUTTS | EXECUTIVE CHEF Highest-paid employee | 40 | $128,564 | $375 |
| TOMMY TAYLOR | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| STEVE GOREE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT DIMIT | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RON GASSER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLE HAMMOND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NICK MCCLURE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BILL LANIER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GRANT WRIGHT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SUZANNE SMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CLINT WALKER | EX-OFICIO Trustee or director | 2 | $0 | $0 |
990 for the year ended October 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARMANDO MARTINEZ | GENERAL MANAGER Key employee | 40 | $244,021 | $11,461 |
| CLYDE JAY SHUTTS | EXECUTIVE CHEF Highest-paid employee | 40 | $128,564 | $375 |
| TOMMY TAYLOR | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| STEVE GOREE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT DIMIT | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RON GASSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KYLE HAMMOND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NICK MCCLURE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL LANIER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GRANT WRIGHT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUZANNE SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended October 31, 2021: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARMANDO MARTINEZ | GENERAL MANAGER Key employee | 40 | $160,656 | $2,077 |
| EARL MICHIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUG SCHMIDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHIP SMITH | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
| ERIC D BOYT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WAYNE NEWKUMET | DIRECTOR Trustee or director | 2 | $0 | $0 |
| W KLINE BOYD III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAY PURVIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TOM BRANDT | VICE-PRESIDENT Officer | 2 | $0 | $0 |
| PAMELA FEIST | PRESIDENT Officer | 2 | $0 | $0 |
| CLINT WALKER | SECRETARY-TREASURER Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10527, MIDLAND, TX 79702-7527
- In care of
- % MELANIE LANCASTER
- Principal officer (990 for 2024)
- STEVE GOREE, PO BOX 10527, MIDLAND, TX 79702
- Signed the 990
- STEVE GOREE, PRESIDENT
- Phone
- (432) 682-2557
- Website
- WWW.PCMIDLAND.COM
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
THE MISSION OF THE PETROLEUM CLUB OF MIDLAND IS TO PROVIDE OUR MEMBERS, THEIR GUESTS AND THEIR FAMILIES WITH A FIRST CLASS FACILITY WHEREIN THEY MAY ENJOY FRIENDLY, COURTEOUS SERVICE, OUTSTANDING FOOD AND BEVERAGES, AND AN ATMOSPHERE CONDUCIVE TO NETWORKING WITH THEIR PEERS, FOR THE PURPOSE OF ENHANCING AND FURTHERING THEIR PERSONAL, SOCIAL AND BUSINESS INTERESTS.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 75-0750687
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,398,960
- Income (IRS master file)
- $8,135,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $6,667,581 | $5,685,493 | $11,398,960 | XML |
| 990 | October 2024 | $6,372,071 | $5,662,670 | $10,272,426 | XML |
| 990 | October 2023 | $6,253,963 | $5,276,744 | $9,237,563 | XML |
| 990 | October 2022 | $5,431,861 | $5,250,608 | $8,505,669 | IRS |
| 990 | October 2021 | $4,595,525 | $5,400,180 | $8,360,151 | XML |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-0750687).
Questions about PETROLEUM CLUB OF MIDLAND
- What is the EIN of PETROLEUM CLUB OF MIDLAND?
- The employer identification number (EIN) of PETROLEUM CLUB OF MIDLAND is 75-0750687.
- Is PETROLEUM CLUB OF MIDLAND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1949.
- Are donations to PETROLEUM CLUB OF MIDLAND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PETROLEUM CLUB OF MIDLAND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PETROLEUM CLUB OF MIDLAND due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PETROLEUM CLUB OF MIDLAND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of PETROLEUM CLUB OF MIDLAND?
- The 990 for the year ended October 31, 2025 names STEVE GOREE.
- Who are the officers and directors of PETROLEUM CLUB OF MIDLAND?
- The 990 for the year ended October 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $265,727 (ARMANDO MARTINEZ, GENERAL MANAGER).
- How much revenue does PETROLEUM CLUB OF MIDLAND have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $6,667,581, expenses of $5,685,493 and total assets of $11,398,960 at year end.
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