Civic Intelligence

Petroleum Club of Midland

EIN 75-0750687 • 501(c)7 • Midland, TX

View Organization Page

Profile

The organization's primary exempt purpose is the improvement and development of the human mind through reading, discussion, exchange of ideas, lectures, information and social contacts and all other means that will contribute to such educational improvement and development of the members of the club

PO Box 10527Midland, TX 79702

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Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.06x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.09x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$285,950

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

501(c)7 • $10M-$25M nonprofits • Source year 2024

Asset Growth

75th percentile

11%

Faster asset growth than 75% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

1.9%

Faster revenue growth than 29% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$10,272,426

Up $1,034,863 (+11%) from 2023

Liabilities

Up

$572,975

Up $98,257 (+21%) from 2023

Net Assets

Up

$9,699,451

Up $936,606 (+11%) from 2023

Operations
Liabilities / Revenue5th percentileNet Margin66th percentile

Revenue

Up

$6,372,071

Up $118,108 (+1.9%) from 2023

Expenses

Up

$5,662,670

Up $385,926 (+7.3%) from 2023

Net Income

Down

$709,401

Down $267,818 (-27%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,537,617Liabilities 2011: $369,746Net Assets 2011: $5,167,8712011Assets 2012: $6,338,199Liabilities 2012: $630,505Net Assets 2012: $5,707,6942012Assets 2013: $6,766,629Liabilities 2013: $321,137Net Assets 2013: $6,445,4922013Assets 2014: $7,459,595Liabilities 2014: $309,081Net Assets 2014: $7,150,5142014Assets 2015: $7,537,378Liabilities 2015: $317,019Net Assets 2015: $7,220,3592015Assets 2016: $7,515,553Liabilities 2016: $279,605Net Assets 2016: $7,235,9482016Assets 2017: $9,416,921Liabilities 2017: $760,176Net Assets 2017: $8,656,7452017Assets 2018: $9,507,043Liabilities 2018: $256,461Net Assets 2018: $9,250,5822018Assets 2019: $9,613,754Liabilities 2019: $329,056Net Assets 2019: $9,284,6982019Assets 2020: $8,749,464Liabilities 2020: $265,583Net Assets 2020: $8,483,8812020Assets 2021: $8,360,151Liabilities 2021: $396,587Net Assets 2021: $7,963,5642021Assets 2022: $8,505,669Liabilities 2022: $570,216Net Assets 2022: $7,935,4532022Assets 2023: $9,237,563Liabilities 2023: $474,718Net Assets 2023: $8,762,8452023Assets 2024: $10,272,426Liabilities 2024: $572,975Net Assets 2024: $9,699,4512024

Highlighted filing

2024

Assets$10,272,426
Liabilities$572,975
Net Assets$9,699,451
Open 2024 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,954,3812011Expenses 2012: $4,435,6592012Expenses 2013: $4,746,9522013Revenue 2014: $5,621,219Expenses 2014: $5,098,939Net Income 2014: $522,2802014Revenue 2015: $5,336,075Expenses 2015: $5,250,643Net Income 2015: $85,4322015Revenue 2016: $4,899,563Expenses 2016: $4,897,268Net Income 2016: $2,2952016Revenue 2017: $4,445,543Expenses 2017: $4,655,034Net Income 2017: -$209,4912017Revenue 2018: $5,949,709Expenses 2018: $5,726,464Net Income 2018: $223,2452018Revenue 2019: $6,481,399Expenses 2019: $6,524,786Net Income 2019: -$43,3872019Revenue 2020: $4,525,020Expenses 2020: $5,380,128Net Income 2020: -$855,1082020Revenue 2021: $4,595,525Expenses 2021: $5,400,180Net Income 2021: -$804,6552021Revenue 2022: $5,431,861Expenses 2022: $5,250,608Net Income 2022: $181,2532022Revenue 2023: $6,253,963Expenses 2023: $5,276,744Net Income 2023: $977,2192023Revenue 2024: $6,372,071Expenses 2024: $5,662,670Net Income 2024: $709,4012024

Highlighted filing

2024

Revenue$6,372,071
Expenses$5,662,670
Net Income$709,401
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,272,426
Liabilities
$572,975
Net assets
$9,699,451
Revenue
$6,372,071
Expenses
$5,662,670
Net income
$709,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.57$9.70$6.37$5.66$0.71
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.24$0.47$8.76$6.25$5.28$0.98
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$0.57$7.94$5.43$5.25$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.36$0.40$7.96$4.60$5.40$0.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.75$0.27$8.48$4.53$5.38$0.86
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.61$0.33$9.28$6.48$6.52$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.51$0.26$9.25$5.95$5.73$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.42$0.76$8.66$4.45$4.66$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.52$0.28$7.24$4.90$4.90$0.00
2015Detailed filing. Detailed filing data is available for this year.$7.54$0.32$7.22$5.34$5.25$0.09
2014Detailed filing. Detailed filing data is available for this year.$7.46$0.31$7.15$5.62$5.10$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$0.32$6.45$4.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$0.63$5.71$4.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.54$0.37$5.17$3.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 5, 2025
Return Version
2023v6.0
Gross Receipts
$7,878,673
Mission and Program Overview

Mission

The organization's primary exempt purpose is the improvement and development of the human mind through reading, discussion, exchange of ideas, lectures, information and social contacts and all other means that will contribute to such educational improvement and development of the members of the club

The improvement and development of the human mind through reading, discussion, exchange or ideas, lectures, information & social contacts and all other means that will contribute to improvement of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,088,457$5,875,939▼ $212,518
Investments in Publicly Traded Securities$1,647,724$1,933,573▲ $285,849
Cash and Non-Interest-Bearing Accounts$813,964$1,575,233▲ $761,269
Accounts Receivable$535,916$564,314▲ $28,398
Inventories for Sale or Use$132,598$162,203▲ $29,605
Prepaid Expenses and Deferred Charges$18,904$161,164▲ $142,260
Total Assets$9,237,563$10,272,426▲ $1,034,863
Liabilities
Accounts Payable and Accrued Expenses$111,860$264,739▲ $152,879
Deferred Revenue$216,998$218,584▲ $1,586
Other Liabilities$145,860$89,652▼ $56,208
Total Liabilities$474,718$572,975▲ $98,257
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,762,845$9,699,451▲ $936,606
Total Net Assets Fund Balance$8,762,845$9,699,451▲ $936,606
Total Liabilities and Net Assets / Fund Balance$9,237,563$10,272,426▲ $1,034,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,687,617$6,122,427$9,810,044
Equipment$1,463,548$2,429,879$3,893,427
Land$724,774-$724,774
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Armando MartinezGeneral ManagerFT$198,016$87,934$285,950
Clyde Jay ShuttsExecutive ChefFT$128,564$375$128,939

Board Members and Trustees

NameTitle
Tommy TaylorPresident
Steve GoreeVice President
Bill LanierBoard Member
Grant WrightBoard Member
Kyle HammondBoard Member
Nick McclureBoard Member
Ron GasserBoard Member
Suzanne SmithBoard Member
Clint WalkerEx-oficio
Robert DimitSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,099,175
Investment Income
$113,279
Other Revenue
$3,159,617
Change in Net Assets
$709,401

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,361,869
Revenue Not Reported on Financial Statements
$10,202
Revenue Not Reported on Form 990
$1,479,119
Total Revenue per Audited Statements
$7,840,988
Total Revenue per Form 990
$6,372,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,617,977
Other Expenses$2,044,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,600,635
Depreciation Depletion---$535,058
Other Employee Benefits---$414,646
Office Expenses---$371,143
Current Officers, Directors, Trustees, and Key Employees---$291,485
Payroll Taxes---$268,000
Occupancy---$228,335
Insurance---$117,501
Fees for Services Other---$116,776
Pension Plan Contributions---$43,211
Fees for Services Accounting---$25,000
Fees for Service Investment Mgmnt Fees---$10,202
Advertising---$2,778
Other Expenses---$2,596
Travel---$2,308
Total Functional Expenses$0$0$0$5,662,670

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,906,082
Total Expenses per Form 990$5,662,670
Expenses per Audited Statements$5,652,468
Expenses Not Reported on Form 990$1,253,614
Expenses Not Reported on Financial Statements$10,202
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Property Taxes Payable$46,436
Sales Tax Payable$30,976
Mixed Beverage Sales Tax$6,804
Mixed Beverage Tax Payable$5,436
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Petroleum club of midland (the "club") was incorporated as a membership organization.”

Form 990, Part VI, Section A, Line 7A

“Only the ballots of stockholder members in good standing as determined by the secretary-treasurer will be counted. Each stockholder member voting will place a mark on the official ballot opposite the names of the candidates for whom votes are cast and will then sign the ballot. A stockholder member may personally deliver the ballot to the judges of election while the polls are open, or may mail it to the secretary-treasurer of the club, in an envelope marked "ballot." all ballots cast by mail and received by the secretary-treasurer before the close of the polls must be deposited in the ballot box by the secretary-treasurer before the close of the polls. After the polls are closed, the ballot box will be opened by the judges of election. A ballot on which votes have been cast for more candidates than there are vacancies on the board of directors, or votes have been accumulated for one or more candidates, will be rejected by the judges of election.”

Form 990, Part VI, Section A, Line 7B

“Significant changes to the bylaws must be approved by members.”

Form 990, Part VI, Section B, Line 11B

“A copy of the return is provided to the general manager prior to filing.”

Form 990, Part VI, Section B, Line 15A

“The process for determining compensation is a review by the compensation committee of the independent board of directors by comparing data,contemporaneous substantiation of deliberation and decision.”

Form 990, Part VI, Section C, Line 19

“Organizational documents can be made available to members for viewing upon request.”

Filing and Contact Details

Filer

Filer Name
Petroleum Club of Midland
EIN
75-0750687
Phone
4326822557
Address
PO BOX 10527, MIDLAND, TX 79702

Signing Officer

Name
Tommy Taylor
Title
Secretary-treasurer
Phone
8172355060
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jordan Davis
Formed
1947
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
78
Volunteers
10

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Member contributions 1,700.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 1,253,614.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 1,253,614.”

Raw XML AppendixShowing 400 of 431 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0257026
IRS990/GrossReceiptsAmt07878673
IRS990/GrossReceiptsForPublicUseAmt0254220
IRS990/GrossSalesOfInventoryAmt04302755
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InitiationFeesAndCapContriAmt0469785
IRS990/InsuranceGrp/TotalAmt0117501
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0132598
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0162203
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109241
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0109241
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01647724
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01933573
IRS990/IRPDocumentCnt086
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08552306
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06088457
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05875939
IRS990/LandBldgEquipCostOrOtherBssAmt014428245
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0252988
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE PETROLEUM CLUB OF MIDLAND IS TO PROVIDE OUR MEMBERS, THEIR GUESTS AND THEIR FAMILIES WITH A FIRST CLASS FACILITY WHEREIN THEY MAY ENJOY FRIENDLY, COURTEOUS SERVICE, OUTSTANDING FOOD AND BEVERAGES, AND AN ATMOSPHERE CONDUCIVE TO NETWORKING WITH THEIR PEERS, FOR THE PURPOSE OF ENHANCING AND FURTHERING THEIR PERSONAL, SOCIAL AND BUSINESS INTERESTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08762845
IRS990/NetAssetsOrFundBalancesEOYAmt09699451
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04038
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt04038
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02816462
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03049141
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0232679
IRS990/NetUnrelatedBusTxblIncmAmt0212553
IRS990/NetUnrlzdGainsLossesInvstAmt0225505
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08762845
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09699451
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0228335
IRS990/OfficeExpensesGrp/TotalAmt0371143
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01700
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0414646
IRS990/OtherExpensesGrp/Desc0FOOD & BEV OPERATIONS
IRS990/OtherExpensesGrp/Desc1CLUBHOUSE OPERATIONS
IRS990/OtherExpensesGrp/Desc2UNRELATED BUS. INC. TAX
IRS990/OtherExpensesGrp/Desc3LOSS ON DISPOSAL OF EQU
IRS990/OtherExpensesGrp/TotalAmt0306401
IRS990/OtherExpensesGrp/TotalAmt1271728
IRS990/OtherExpensesGrp/TotalAmt254867
IRS990/OtherExpensesGrp/TotalAmt32596
IRS990/OtherLiabilitiesGrp/BOYAmt0145860
IRS990/OtherLiabilitiesGrp/EOYAmt089652
IRS990/OtherSalariesAndWagesGrp/TotalAmt02600635
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0268000
IRS990/PensionPlanContributionsGrp/TotalAmt043211
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018904
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0161164
IRS990/PrincipalOfficerNm0JORDAN DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02629390
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1469785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02629390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1469785
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0229254
IRS990/PYOtherExpensesAmt01922377
IRS990/PYOtherRevenueAmt03210763
IRS990/PYProgramServiceRevenueAmt02813946
IRS990/PYRevenuesLessExpensesAmt0977219
IRS990/PYSalariesCompEmpBnftPaidAmt03354367
IRS990/PYTotalExpensesAmt05276744
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06253963
IRS990/ReconcilationRevenueExpnssAmt0709401
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0110476
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt0110476
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03687617
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06122427
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09810044
IRS990ScheduleD/EquipmentGrp/BookValueAmt01463548
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02429879
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03893427
IRS990ScheduleD/ExpensesNotReportedAmt01253614
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010202
IRS990ScheduleD/ExpensesSubtotalAmt05652468
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt010202
IRS990ScheduleD/InvestmentExpensesNotIncldAmt010202
IRS990ScheduleD/LandGrp/BookValueAmt0724774
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0724774
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0225505
IRS990ScheduleD/OtherExpensesIncludedAmt01253614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15436
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt246436
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt36804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MIXED BEVERAGE TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PROPERTY TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MIXED BEVERAGE SALES TAX
IRS990ScheduleD/OtherRevenueAmt01253614
IRS990ScheduleD/RevenueNotReportedAmt01479119
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt010202
IRS990ScheduleD/RevenueSubtotalAmt06361869
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 1,253,614.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 1,253,614.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05875939
IRS990ScheduleD/TotalExpensesPerForm990Amt05662670
IRS990ScheduleD/TotalLiabilityAmt089652
IRS990ScheduleD/TotalRevenuePerForm990Amt06372071
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07840988
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06906082
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0198016
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount039600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt011461
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023474
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt013399
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ARMANDO MARTINEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0285950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PETROLEUM CLUB OF MIDLAND (THE "CLUB") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONLY THE BALLOTS OF STOCKHOLDER MEMBERS IN GOOD STANDING AS DETERMINED BY THE SECRETARY-TREASURER WILL BE COUNTED. EACH STOCKHOLDER MEMBER VOTING WILL PLACE A MARK ON THE OFFICIAL BALLOT OPPOSITE THE NAMES OF THE CANDIDATES FOR WHOM VOTES ARE CAST AND WILL THEN SIGN THE BALLOT. A STOCKHOLDER MEMBER MAY PERSONALLY DELIVER THE BALLOT TO THE JUDGES OF ELECTION WHILE THE POLLS ARE OPEN, OR MAY MAIL IT TO THE SECRETARY-TREASURER OF THE CLUB, IN AN ENVELOPE MARKED "BALLOT." ALL BALLOTS CAST BY MAIL AND RECEIVED BY THE SECRETARY-TREASURER BEFORE THE CLOSE OF THE POLLS MUST BE DEPOSITED IN THE BALLOT BOX BY THE SECRETARY-TREASURER BEFORE THE CLOSE OF THE POLLS. AFTER THE POLLS ARE CLOSED, THE BALLOT BOX WILL BE OPENED BY THE JUDGES OF ELECTION. A BALLOT ON WHICH VOTES HAVE BEEN CAST FOR MORE CANDIDATES THAN THERE ARE VACANCIES ON THE BOARD OF DIRECTORS, OR VOTES HAVE BEEN ACCUMULATED FOR ONE OR MORE CANDIDATES, WILL BE REJECTED BY THE JUDGES OF ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SIGNIFICANT CHANGES TO THE BYLAWS MUST BE APPROVED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE RETURN IS PROVIDED TO THE GENERAL MANAGER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR DETERMINING COMPENSATION IS A REVIEW BY THE COMPENSATION COMMITTEE OF THE INDEPENDENT BOARD OF DIRECTORS BY COMPARING DATA,CONTEMPORANEOUS SUBSTANTIATION OF DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATIONAL DOCUMENTS CAN BE MADE AVAILABLE TO MEMBERS FOR VIEWING UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEMBER CONTRIBUTIONS 1,700.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09237563
IRS990/TotalAssetsEOYAmt010272426
IRS990/TotalAssetsGrp/BOYAmt09237563
IRS990/TotalAssetsGrp/EOYAmt010272426
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt078
IRS990/TotalFunctionalExpensesGrp/TotalAmt05662670
IRS990/TotalGrossUBIAmt0456434
IRS990/TotalLiabilitiesBOYAmt0474718
IRS990/TotalLiabilitiesEOYAmt0572975
IRS990/TotalLiabilitiesGrp/BOYAmt0474718
IRS990/TotalLiabilitiesGrp/EOYAmt0572975
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08762845
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09699451
IRS990/TotalOtherCompensationAmt035310
IRS990/TotalProgramServiceRevenueAmt03099175
IRS990/TotalReportableCompFromOrgAmt0379579
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05915637
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06372071
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0456434
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09237563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010272426
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02308
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 10527
IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079702
IRS990/VotingMembersGoverningBodyCnt010

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