Nonprofit · EIN 75-6085378
PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME
Tax-exempt · MIDLAND, TX 79701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,777,600 | $3,141,435 | $636,165 | $50,796,315 | $31,651 | $50,764,664 |
| December 31, 2023 | 990 | $2,707,552 | $2,858,357 | -$150,805 | $49,887,728 | $59,950 | $49,827,778 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,680,632
- of which government grants
- $307,853
- Program service revenue
- $309,656
- Investment income
- $685,536
- Royalties
- $830,867
- Net income from fundraising events
- $227,782
- Net income from sales of inventory
- $43,127
- Other revenue
- $1,101,776
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $158,506
- Other salaries and wages
- $683,709
- Salaries, compensation and benefits (total)
- $1,023,279
- Professional fundraising fees
- $0
- Accounting fees
- $34,579
- Travel
- $15,448
- Depreciation
- $1,025,414
- Program services (functional)
- $2,328,339
- Management and general (functional)
- $532,789
- Fundraising (functional)
- $280,307
Balance sheet and other
- Total assets, start of year
- $49,887,728
- Total assets, end of year
- $50,796,315
- Total liabilities, end of year
- $31,651
- Net assets, end of year
- $50,764,664
- Land, buildings and equipment
- $24,583,259
- Publicly traded securities
- $9,230,882
- Net assets without donor restrictions
- $42,025,797
- Net assets with donor restrictions
- $8,738,867
- Gross receipts
- $3,910,448
- Employees
- 22
- Volunteers
- 450
- Year formed
- 1967
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN GRANT | Executive Dir. Officer | 40 | $97,600 |
| LISA WORDEN | FINANCE DIREC Officer | 30 | $60,906 |
| JULIE GRIFFIS | Trustee Trustee or director | 2 | $0 |
| TODD MEADE | Trustee Trustee or director | 2 | $0 |
| AMY PITCOCK | Trustee Trustee or director | 2 | $0 |
| KLINE BOYD | Trustee Trustee or director | 2 | $0 |
| DONNY MCCLURE | Trustee Trustee or director | 2 | $0 |
| MIKE STEWART | Trustee Trustee or director | 2 | $0 |
| KIP AGAR | Trustee Trustee or director | 2 | $0 |
| MARK CARR | President Trustee or director, Officer | 2 | $0 |
| LINDSAY BALLARD | Trustee Trustee or director | 2 | $0 |
| WILL PORTER | PAST President Trustee or director, Officer | 2 | $0 |
| R DANNY CAMPBELL | Trustee Trustee or director | 2 | $0 |
| TREY GRAFA | Trustee Trustee or director | 2 | $0 |
| BILLY HARRIS | Secretary Trustee or director, Officer | 2 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE OESTMANN | Vice President Trustee or director, Officer | 2 | $0 |
| BEN FRIEDMAN | Trustee Trustee or director | 2 | $0 |
| BRANDON GAYNOR | Trustee Trustee or director | 2 | $0 |
| ALAN KRENEK | Treasurer Trustee or director, Officer | 2 | $0 |
| GARY DOUGLAS | Trustee Trustee or director | 2 | $0 |
| ERIC PICKETT | Trustee Trustee or director | 2 | $0 |
| JOHN KENNEDY | Trustee Trustee or director | 2 | $0 |
| KYLE STALLINGS | Trustee Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE G SHANNON | Executive Dir. Officer | 40 | $116,736 |
| BRYAN GRANT | Executive Dir. Officer | 40 | $70,570 |
| LISA WORDEN | FINANCE DIREC Officer | 30 | $62,250 |
| EEARL BALDRIDGE III | PAST President Trustee or director, Officer | 2 | $0 |
| JOE LIBERTY | Trustee Trustee or director | 2 | $0 |
| TRAVIS COUNTS | Trustee Trustee or director | 2 | $0 |
| KLINE BOYD | Trustee Trustee or director | 2 | $0 |
| DONNY MCCLURE | Trustee Trustee or director | 2 | $0 |
| WES PERRY | Trustee Trustee or director | 2 | $0 |
| KIP AGAR | Trustee Trustee or director | 2 | $0 |
| MARK CARR | Vice President Trustee or director, Officer | 2 | $0 |
| LINDSAY BALLARD | Trustee Trustee or director | 2 | $0 |
| WILL PORTER | President Trustee or director, Officer | 2 | $0 |
| R DANNY CAMPBELL | Trustee Trustee or director | 2 | $0 |
| TREY GRAFA | Trustee Trustee or director | 2 | $0 |
| BILLY HARRIS | Secretary Trustee or director, Officer | 2 | $0 |
| MIKE OESTMANN | Trustee Trustee or director | 2 | $0 |
| LAURA PAIGE INNERARITY | Trustee Trustee or director | 2 | $0 |
| BEN FRIEDMAN | Trustee Trustee or director | 2 | $0 |
| BRANDON GAYNOR | Trustee Trustee or director | 2 | $0 |
| ALAN KRENEK | Treasurer Trustee or director, Officer | 2 | $0 |
| JIM WOODCOCK | Trustee Trustee or director | 2 | $0 |
| KYLE MILLING | Trustee Trustee or director | 2 | $0 |
| GARY DOUGLAS | Trustee Trustee or director | 2 | $0 |
| ERIC PICKETT | Trustee Trustee or director | 2 | $0 |
| JOHN KENNEDY | Trustee Trustee or director | 2 | $0 |
| KYLE STALLINGS | Trustee Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 W INTERSTATE 20, MIDLAND, TX 79701-2041
- Principal officer (990 for 2024)
- MARK CARR, 1500 INTERSTATE HWY 20 WEST, MIDLAND, TX 79701
- Signed the 990
- KATHY SHANNON, Executive Dir.
- Phone
- (432) 683-4403
- Website
- PETROLEUMMUSEUM.ORG
- Return prepared by
- C Marc Martin CPA
Mission
WE WILL SHARE THE PETROLEUM AND ENERGY STORY AND ITS IMPACT ON OUR LIVES.
Program accomplishments
- THE PERMIAN BASIN PETROLEUM MUSEUM, LIBRARY AND HALL OF FAME WAS ORGANIZED TO PROCURE, CARE FOR, PRESERVE AND DISPLAY OBJECTS RELATED TO THE PETROLEUM, ENERGY AND TRANSPORTATION INDUSTRIES. IN THIS REGARD, THE MUSEUM PROVIDES INTERIOR AND EXTERIOR EXHIBITS RELATED TO THE PETROLEUM, ENERGY AND TRANSPORTATION INDUSTRIES ALONG WITH EDUCATIONAL PROGRAMS AND MAINTAINS ARCHIVES AVAILABLE FOR RESEARCH.Expenses $2,328,339
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-6085378
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A570)
- Assets (IRS master file)
- $50,796,315
- Income (IRS master file)
- $3,910,448
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,777,600 | $3,141,435 | $50,796,315 | XML |
| 990 | December 2023 | $2,707,552 | $2,858,357 | $49,887,728 | XML |
| 990 | December 2022 | $2,573,801 | $2,558,205 | $49,660,478 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 75-6085378).
Questions about PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME
- What is the EIN of PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME?
- The employer identification number (EIN) of PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME is 75-6085378.
- Is PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME 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 PETROLEUM MUSEUM LIBRARY & HALL OF FAME 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 PETROLEUM MUSEUM LIBRARY & HALL OF FAME 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 PETROLEUM MUSEUM LIBRARY & HALL OF FAME?
- The 990 for the year ended December 31, 2024 names MARK CARR.
- Who are the officers and directors of PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME?
- The 990 for the year ended December 31, 2024 lists 23 people; 2 received compensation from the organization, the highest $97,600 (BRYAN GRANT, Executive Dir.).
- How much revenue does PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,777,600, expenses of $3,141,435 and total assets of $50,796,315 at year end.
Other nonprofits in MIDLAND
- MIDLAND COMMUNITY THEATRE INC EIN 75-6003774 · last filed 990 for 2024
- MUSEUM OF THE SOUTHWEST EIN 75-1229711 · last filed 990 for 2024
- PERMIAN BASIN PUBLIC TELECOMMUNICATIONS INC EIN 20-3221344 · last filed 990 for 2025
- MIDLAND FESTIVAL BALLET EIN 75-2510710 · last filed 990 for 2025
- ARTS COUNCIL OF MIDLAND EIN 75-1894442 · last filed 990 for 2024
- PERMIAN BASIN HONOR FLIGHT INC EIN 47-2215544 · last filed 990 for 2024
- HISPANIC CULTURAL CENTER OF MIDLAND EIN 75-2721254 · last filed 990 for 2024
- WEST TEXAS CONSERVATORY EIN 88-3414235 · last filed 990-EZ for 2024
All nonprofits in MIDLAND · Texas · Arts, culture and humanities