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Nonprofit · EIN 75-0968633

PERMIAN BASIN BOARD OF REALTORS INC

Tax-exempt · MIDLAND, TX 79707

Financials

$693K$415K2023$1.6M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of PERMIAN BASIN BOARD OF REALTORS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$1,555,546$1,264,148$291,398$3,049,790$572,156$2,477,634
December 31, 2023990$692,744$414,662$278,082$3,063,544$633,742$2,429,802
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,466,051
Investment income
$55,928
Net gain from sales of assets
$20,490
Other revenue
$33,567

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$98,243
Other salaries and wages
$167,498
Salaries, compensation and benefits (total)
$291,866
Professional fundraising fees
$0
Legal fees
$6,255
Accounting fees
$7,449
Occupancy
$24,743
Travel
$7,409
Depreciation
$48,428

Balance sheet and other

Total assets, start of year
$2,895,996
Total assets, end of year
$3,049,790
Total liabilities, end of year
$572,156
Net assets, end of year
$2,477,634
Land, buildings and equipment
$1,128,087
Net assets without donor restrictions
$2,477,634
Gross receipts
$1,658,170
Employees
6
Volunteers
14
Year formed
1961
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RHONDA LESLEYEXECUTIVE DIRECTOR
Officer
40$98,243
KELSIE RASUREPRESIDENT
Trustee or director, Officer
2$0
JOEL COOKEPRESIDENT-ELECT
Trustee or director, Officer
2$0
LAURA CAMPSECRETARY/TREASURER
Trustee or director, Officer
2$0
LANCE WELCHIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
2$0
TOYAH BELLMEMBER
Trustee or director
2$0
AMBER DAVISMEMBER
Trustee or director
2$0
ELISIA FLATTMEMBER
Trustee or director
2$0
KING IVEYMEMBER
Trustee or director
2$0
BILL LANIERMEMBER
Trustee or director
2$0
TIMOTHY LESTERMEMBER
Trustee or director
2$0
BRANDON MCMORRIESMEMBER
Trustee or director
2$0
CARIE MCNEILMEMBER
Trustee or director
2$0
BRITTNEY REYNOLDSMEMBER
Trustee or director
2$0
LAURA SALESMEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
RHONDA LESLEYEXECUTIVE DIR.
Trustee or director
40$0
LANCE WELCKPRESIDENT
Trustee or director
0$0
KELSIE RASUERPRESIDENT-ELECT
Trustee or director, Officer
0$0
JOEL COOKESECRETARY/ TREASURER
Trustee or director
0$0
KELLI PANTHAKYIMMEDIATE PAST PRESIDENT
Trustee or director
0$0

Address and contacts

Address (IRS master file)
3114 SUNBURST DR, MIDLAND, TX 79707-5216
In care of
% KEN MORRISON PC
Principal officer (990 for 2024)
PETER MOSCA, 3114 SUNBURST DR, MIDLAND, TX 79707
Signed the 990
PETER MOSCA, EXECUTIVE DIRECTOR
Phone
(432) 689-0086
Return prepared by
PORTE BROWN LLC

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE TRAINING AND SUPPORT SERVICES FOR REALTORS IN THE PERMIAN BASIN AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION IS SUPPORTED BY MEMBERSHIP DUES AND THE INCREMENTAL INTEREST INCOME EARNED FROM SUCH DUES. THE ORGANIZATION PROVIDES EDUCATION, TRAINING, AND SUPPORT SERVICES FOR REALTORS IN THE PERMIAN BASIN AREA.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-0968633
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,049,790
Income (IRS master file)
$1,658,170

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,555,546$1,264,148$3,049,790XML
990December 2023$692,744$414,662$3,063,544XML
990December 2022$1,979,034$1,050,601$2,844,528IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-0968633).

Questions about PERMIAN BASIN BOARD OF REALTORS INC

What is the EIN of PERMIAN BASIN BOARD OF REALTORS INC?
The employer identification number (EIN) of PERMIAN BASIN BOARD OF REALTORS INC is 75-0968633.
Is PERMIAN BASIN BOARD OF REALTORS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
Are donations to PERMIAN BASIN BOARD OF REALTORS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PERMIAN BASIN BOARD OF REALTORS INC 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 PERMIAN BASIN BOARD OF REALTORS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PERMIAN BASIN BOARD OF REALTORS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PERMIAN BASIN BOARD OF REALTORS INC?
The 990 for the year ended December 31, 2024 names PETER MOSCA.
Who are the officers and directors of PERMIAN BASIN BOARD OF REALTORS INC?
The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $98,243 (RHONDA LESLEY, EXECUTIVE DIRECTOR).
How much revenue does PERMIAN BASIN BOARD OF REALTORS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,555,546, expenses of $1,264,148 and total assets of $3,049,790 at year end.

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