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Arts, Culture, Humanities : Museums

The Permian Basin Petroleum Museum

Explorations Innovations Legends

four stars

91.17

1500 Interstate 20 West Midland, TX 79701
tel: (432) 683-4403   Web Site
EIN: 75-6085378

Board Leadership
Mark Philpy
President

CEO
Kathy Shannon
Executive Director

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 91.17 four stars
  Financial 94.10 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Founded in 1975, the Permian Basin Petroleum Museum tells the story of petroleum and the rugged lives of men and women who sought a better life. What started as a community dream has, over time, become the nation's largest museum dedicated to the petroleum industry and its pioneers. It shares the petroleum and energy story and its impact on our daily lives through educational programs, interactive exhibits, an archives center and its Petroleum Hall of Fame. The mission of the Permian Basin Petroleum Museum is to share the petroleum and energy story and its impact on our lives.

Founded in 1975, the Permian Basin Petroleum Museum tells the story of petroleum and the rugged lives of men and women who sought a better life. What started as a community dream has, over time, become the nation's largest museum dedicated to the petroleum industry and its pioneers. It shares the petroleum and energy story and its impact on our daily lives through educational programs, interactive exhibits, an archives center and its Petroleum Hall of Fame. The mission of the Permian Basin Petroleum Museum is to share the petroleum and energy story and its impact on our lives.

Results Information

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Financial

four stars

94.10

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
71.8%
  Administrative Expenses 17.4%
  Fundraising Expenses 10.7%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 24.43
  Program Expenses Growth 10.3%
  Liabilities to Assets 0.8%
All data for Financial Performance Metrics calculations was provided by The Permian Basin Petroleum Museum on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Permian Basin Petroleum Museum on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Permian Basin Petroleum Museum (TX) 91.17 four stars
American Friends of the Israel Museum (NY) 90.71 four stars
Santa Barbara Museum of Natural History (CA) 88.49 three stars
Perot Museum of Nature and Science (TX) 92.80 four stars
South Florida Museum (FL) 89.39 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,033,585
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $710,650
Total Contributions $1,744,235
   Program Service Revenue $120,492
Total Primary Revenue $1,864,727
   Other Revenue $732,801
TOTAL REVENUE $2,597,528
   
EXPENSES  
   Program Expenses $1,188,431
   Administrative Expenses $286,528
   Fundraising Expenses $170,157
TOTAL FUNCTIONAL EXPENSES $1,645,116
   
Payments to Affiliates $0
Excess (or Deficit) for the year $952,412
   
Net Assets $40,915,804

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Exhibits $1,188,431 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 06/01/2017 91.17 four stars
2014-12 06/01/2016 88.25 three stars
 
CN 2.0
2013-12 07/01/2015 86.56 three stars
2012-12 10/01/2014 86.65 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 75-6085378
Name in IRS Master File PERMIAN BASIN PETROLEUM MUSEUM LIBRARY & HALL OF FAME
NTEE Code A57
NTEE Classification Science and Technology Museums
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
(62) Historical site, records or reenactment
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1968
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$99,710 6.06% Katherine Shannon Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Permian Basin Petroleum Museum (TX) 91.17 four stars
The Field Museum (IL) 85.73 three stars
American Friends of the Israel Museum (NY) 90.71 four stars
San Diego Museum of Man (CA) 94.55 four stars
San Diego Natural History Museum (CA) 90.68 four stars

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Charity Contact Info

The Permian Basin Petroleum Museum
1500 Interstate 20 West
Midland, TX 79701
tel: (432) 683-4403
fax: (432) 683-4509
EIN: 75-6085378

Visit Web Site

Board Leadership

Mark Philpy
President

CEO

Kathy Shannon
Executive Director

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