Permian Basin Fair & Exposition in Odessa, Texas (TX)

Table of contents:

Organization representatives - add corrected or new information about Permian Basin Fair & Exposition »

Non-representatives - add comments about Permian Basin Fair & Exposition»

Permian Basin Fair & Exposition
Employer Identification Number (EIN)751656376
Name of OrganizationPermian Basin Fair & Exposition
Address218 W 46th St, Odessa, TX 79764-4011
ActivitiesFair, Industry trade shows
SubsectionSocial Welfare Organization
Ruling Date12/1977
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$500,000 to $999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$593,740
Amount of Income$673,785
Form 990 Revenue Amount$673,785
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Fairs, County and Other


Non-representatives - add comments:


CAPTCHA

Your IP address 54.161.240.10 will be logged.

Amount of income in 2011: $673,785
This organization: 

 $673,785
Other organizations performing similar types of work: 

 $295,651

Assets in 2011: $593,740
Permian Basin Fair & Exposition: 

 $593,740
Other organizations performing similar types of work: 

 $467,933

Expenses in 2002: $510,687
This organization: 

 $510,687
Other organizations performing similar types of work: 

 $815,299

Income to expenses ratio in 2002: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 88.5%
This organization: 

 88.5%
Other organizations performing similar types of work: 

 67.7%

Number of employees in 2002: 2
This organization: 

 2
Other organizations performing similar types of work: 

 9

Grants share in income in 2002: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 4.3%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$479,645$475,255$441,837
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$474,841$469,329$438,741
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$4,804$5,926$3,096
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$456,877$472,523$510,687
Program services$402,475$413,094$452,168
Management and general$54,402$59,429$58,519
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$302,353$305,085$236,235
Excess or (deficit) for the year$22,768$2,732$-68,850
Net assets or fund balances at beginning of year$279,585$302,353$305,085
Other changes in net assets or fund balances$0$0$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$510,687$452,168$58,519$0
Grants paid from donor advised funds
Other grants and allocations$16,500
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$20,700$0$20,700$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$44,823$44,823$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$1,583$0$1,583$0
Professional fundraising fees$0$0$0$0
Accounting fees$3,550$0$3,550$0
Legal fees$0$0$0$0
Supplies$29,370$29,370$0$0
Telephone$3,806$0$3,806$0
Postage and shipping$0$0$0$0
Occupancy$35,070$35,070$0$0
Equipment rental and maintenance$18,347$18,347$0$0
Printing and publications$9,080$7,444$1,636$0
Travel$382$0$382$0
Conferences, conventions, and meetings$5,738$0$5,738$0
Interest$0$0$0$0
Depreciation, depletion, etc.$6,382$6,382$0$0
Other expenses not covered above$315,356$294,232$21,124$0
Balance Sheets
200020012002
Total assets$318,938$310,358$239,210
Cash - non-interest-bearing$104,118$0$0
Savings and temporary cash investments$116,613$225,837$159,072
Accounts receivable less allowance for doubtful accounts$0$0$1,999
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$6,247$0$0
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$90,697$84,521$78,139
Other assets, including program-related investments$1,263$0$0
Total liabilities$16,585$5,273$2,975
Accounts payable and accrued expenses$5,085$5,273$2,975
Grants payable$0$0$0
Deferred revenue$11,500$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$318,938$310,358$239,210
Total net assets or fund balances$302,353$305,085$236,235
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$479,645$475,255$441,837
Total revenue, gains, and other support per audited financial statements$479,645$475,255$441,837
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$456,877$472,523$510,687
Total expenses and losses per audited financial statements$456,877$472,523$510,687
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$441,837
Program service revenue
Program service revenue 1000000$000$0$177,434
Program service revenue 2000000$000$0$83,715
Program service revenue 3000000$000$0$80,397
Program service revenue 4000000$000$0$25,250
Program service revenue 5000000$000$0$71,945
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$3,096
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$673,785
Contributions, Gifts, Grants and Other Similar Amounts$75,000
Program Service Revenue$594,563
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$4,222
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$658,887
Compensation of current officers, directors, trustees, and key employees$22,800
Other salaries and wages$0
Payroll taxes$2,119
Professional fundraising services$0
Other$633,968
Balance Sheet (for 2011)
Total assets$593,740
Total liabilities$4,044
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$4,044
Total net assets or fund balances$589,696
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Permian Basin Fair & Exposition to others? (optional)
  
Add photo of Permian Basin Fair & Exposition (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Recently Added Reviews
Happy Meals Association in Arlington, TX
*****
El Paso Korean Presbyterian Church in El Paso, TX
*****
Senior Center Of Walker County in Huntsville, TX
Classics Elite Soccer Academy Inc in Fair Oaks, TX
*****
Metro Relief in The Colony, TX
*****
Rotary International, Corpus Christi Rotary Club in Crp Christi, TX
*****
Flames Of Fire Healing Ministries World Outreach Center in Spring, TX
*****
Merit Family Services in Fort Worth, TX
Burnet County Child Welfare Board in Burnet, TX
*****
Kebbsmiles Foundation in Coppell, TX
****•
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Houston Livestock Show & Rodeo Inc8334 Fannin St, Houston, TX 77054-2930TX1977-11$102,917,644
2Los Angeles County Fair Assn Fairgrounds1101 W Mckinley Ave, Pomona, CA 91768-1639CA1942-11$60,234,274
3State Fair Of TexasPO BOX 150009, Dallas, TX 75315-0009TX1951-06$42,279,717
4San Antonio Livestock Exposition Inc3201 E Houston Street, San Antonio, TX 78219-3707TX1950-08$34,125,726
5Houston Livestock Show And Rodeo Educational FundPO BOX 20070, Houston, TX 77225-0070TX1989-04$30,230,198
6Western Washington Fair Association110 9th Ave Sw, Puyallup, WA 98371-6811WA1969-03$23,772,273
7Washingtons Birthday Celebration Association Of Laredo 0101931819 E Hillside Rd, Laredo, TX 78041-3383TX1993-01$1,629,873
8Permian Basin Fair & Exposition218 W 46th St, Odessa, TX 79764-4011TX1977-12$673,785
9Parker County Sheriffs PossePO BOX 28, Weatherford, TX 76086-0028TX1950-07$424,994
10Tarrant County Junior Livestock Show Association IncPO BOX 162793, Fort Worth, TX 76161-2793TX1992-02$276,902
11Amarillo Tri-State Exposition3301 Se 10th Ave, Amarillo, TX 79104-2603TX1985-04$3,587,570
12Fort Bend County Fair Association4310 Highway 36 S, Rosenberg, TX 77471-9108TX2000-04$2,778,829
13Montgomery County Fair Association IncPO BOX 869, Conroe, TX 77305-0869TX1985-06$2,404,257
14Austin County Fair Association IncPO BOX 141, Bellville, TX 77418-0141TX1992-03$1,904,196
15Park Of East Texas Inc2112 W Front St, Tyler, TX 75702-6828TX1993-10$1,082,897
16Matagorda County Fair & Livestock Exposition AssnPO BOX 1803, Bay City, TX 77404-1803TX1991-07$1,026,179
17Gillespie County Fair & Festival Assn IncPO BOX 526, Fredericksbrg, TX 78624-0526TX1949-06$787,931
18Crosby Fair And Rodeo IncPO BOX 1546, Crosby, TX 77532-1546TX1953-05$686,320
19Colorado County Fair Assoc IncPO BOX 506, Columbus, TX 78934-0506TX1982-01$595,550
20Harvest Festival Inc703 Eden Dr, Longview, TX 75605-3360TX1993-12$338,076
Number of organizations performing similar types of work
Alaska2
Alabama6
Arkansas14
Arizona2
California14
Colorado4
Connecticut7
Delaware1
Florida37
Georgia5
Iowa17
Idaho1
Illinois17
Indiana11
Kansas5
Kentucky12
Louisiana6
Massachusetts9
Maryland8
Maine5
Michigan16
Minnesota4
Missouri13
Mississippi2
North Carolina5
North Dakota5
Nebraska6
New Hampshire4
New Jersey5
New Mexico1
Nevada1
New York14
Ohio10
Oklahoma3
Pennsylvania14
South Carolina8
South Dakota1
Tennessee5
Texas31
Utah2
Virginia16
Vermont4
Washington5
Wisconsin20
West Virginia7
Wyoming1
Total386

faqs.org is not associated with, endorsed by, or sponsored by Permian Basin Fair & Exposition and has no official or unofficial affiliation with Permian Basin Fair & Exposition