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Arts, Culture, Humanities : Museums

The Permian Basin Petroleum Museum

Explorations Innovations Legends

four stars

91.97

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

Board Leadership
Richard E. Booth
President

CEO
Kathy Shannon
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 91.97 four stars
  Financial 97.21 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2018 and includes data from FY2016, 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.

Impact Information

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Financial

four stars

97.21

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2018 and includes data from FY2016, 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)
73.8%
  Administrative Expenses 16.4%
  Fundraising Expenses 9.6%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 23.97
  Program Expenses Growth 17.2%
  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) 91.97 four stars
Lindsay Wildlife Museum (CA) 87.12 three stars
Cleveland Museum of Natural History (OH) 90.29 four stars
The Academy of Natural Sciences of Drexel University (PA) 92.10 four stars
The Field Museum (IL) 90.93 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $736,250
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $736,250
   Program Service Revenue $227,738
Total Primary Revenue $963,988
   Other Revenue $498,118
TOTAL REVENUE $1,462,106
   
EXPENSES  
   Program Expenses $1,535,059
   Administrative Expenses $303,216
   Fundraising Expenses $168,125
TOTAL FUNCTIONAL EXPENSES $2,006,400
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-544,294
   
Net Assets $45,567,510

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 $1,535,059 100.0%

Ratings History
The Permian Basin Petroleum Museum has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 06/01/2018 91.97 four stars
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
$94,978 4.73% Katherine Shannon Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Permian Basin Petroleum Museum (TX) 91.97 four stars
Virginia Living Museum (VA) 91.94 four stars
Fleet Science Center (CA) 88.97 three stars
ECHO Lake Aquarium and Science Center (VT) 91.69 four stars
Fort Collins Museum of Discovery (CO) 90.20 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

Richard E. Booth
President

CEO

Kathy Shannon
Executive Director

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