Civic Intelligence

Permian Basin Opera

990EZ • Fiscal year 2014 • EIN 75-1943679

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

3500 North A Street Suite 2100Midland, TX 79705

(432) 688-7777

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

96th percentile

70%

Higher net margin than 96% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

89th percentile

79%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

34th percentile

-9.0%

Faster revenue growth than 34% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$170,742

Up $75,090 (+79%) from 2013

Net Assets

Up

$170,742

Up $75,090 (+79%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$107,170

Down $10,543 (-9.0%) from 2013

Expenses

Down

$32,080

Down $43,389 (-57%) from 2013

Net Income

Up

$75,090

Up $32,846 (+78%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $69,386Net Assets 2011: $69,3862011Assets 2012: $53,408Net Assets 2012: $53,4082012Assets 2013: $95,652Net Assets 2013: $95,6522013Assets 2014: $170,742Net Assets 2014: $170,7422014Assets 2015: $196,000Liabilities 2015: $0Net Assets 2015: $196,0002015Assets 2016: $189,823Liabilities 2016: $0Net Assets 2016: $189,8232016Assets 2017: $262,549Liabilities 2017: $0Net Assets 2017: $262,5492017Assets 2018: $92,910Liabilities 2018: $0Net Assets 2018: $92,9102018Assets 2019: $122,410Net Assets 2019: $122,4102019Assets 2020: $52,286Liabilities 2020: $33,817Net Assets 2020: $18,4692020Assets 2021: $74,727Liabilities 2021: $1,400Net Assets 2021: $73,3272021Assets 2022: $63,821Net Assets 2022: $63,8212022Assets 2023: $11,873Net Assets 2023: $11,8732023Assets 2024: $11,608Net Assets 2024: $11,6082024

Highlighted filing

2014

Assets$170,742
Liabilities-
Net Assets$170,742

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $68,198Expenses 2011: $34,795Net Income 2011: $33,4032011Revenue 2012: $53,981Expenses 2012: $69,959Net Income 2012: -$15,9782012Revenue 2013: $117,713Expenses 2013: $75,469Net Income 2013: $42,2442013Revenue 2014: $107,170Expenses 2014: $32,080Net Income 2014: $75,0902014Revenue 2015: $218,268Expenses 2015: $193,010Net Income 2015: $25,2582015Revenue 2016: $88,494Expenses 2016: $94,671Net Income 2016: -$6,1772016Revenue 2017: $180,961Expenses 2017: $108,235Net Income 2017: $72,7262017Revenue 2018: $140,027Expenses 2018: $309,666Net Income 2018: -$169,6392018Revenue 2019: $119,863Expenses 2019: $96,419Net Income 2019: $23,4442019Revenue 2020: $113,503Expenses 2020: $217,444Net Income 2020: -$103,9412020Revenue 2021: $173,073Expenses 2021: $118,215Net Income 2021: $54,8582021Revenue 2022: $167,918Expenses 2022: $177,424Net Income 2022: -$9,5062022Revenue 2023: $69,216Expenses 2023: $121,164Net Income 2023: -$51,9482023Revenue 2024: $52,750Expenses 2024: $53,015Net Income 2024: -$2652024

Highlighted filing

2014

Revenue$107,170
Expenses$32,080
Net Income$75,090
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$107,170
Mission and Program Overview

Mission

Permian basin opera brings opera, in its various forms, to the people of the permian basin. Pbo has made a very strong commitment to outreach into our local schools. We have had specific outreach programs on our schedule for several seasons, and we are continually working on programming for the future.

Presenting quality music theater performances; promoting and providing suitable opportunities for the advancement of musical culture; instilling, through education and performance, the traditions of opera and music theater in the general public in west texas.

Program Services

DescriptionGrantsExpenses
PRESENTING QUALITY MUSIC THEATER PERFORMANCES; PROMOTING AND PROVIDING SUITABLE OPPORTUNITIES FOR THE ADVANCEMENT OF MUSICAL CULTURE; INSTILLING, THROUGH EDUCATION AND PERFORMANCE, THE TRADITIONS OF OPERA AND MUSIC THEATER IN THE GENERAL PUBLIC IN WEST TEXAS.-$18,795
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JANICE ARCHERAt Large-$0--
LYNN CROASAt Large-$0--
BILL GARAYPresidentPT$0--
LINDA HAGLERAt Large-$0--
SHARON HUMPHREYSVice Preside-$0--
DR THOMAS HYDEAt Large-$0--
PEGGY JONESAt Large-$0--
JOYCE MCKELVEYAt Large-$0--
EDWARD MCPHERSONTreasurer-$0--
GORDON REIGLEAt Large-$0--
CYNTHIA WALLUMSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Midland Opera Theater
EIN
75-1943679
Phone
4326887777
Address
3500 NORTH A STREET SUITE 2100, MIDLAND, TX 79705

Signing Officer

Name
Edward Mcpherson
Title
Treasurer
Phone
4326887777
Signed
2015-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Beal & Wilkes Pc
Address
24 SMITH RD STE 225, MIDLAND, TX 79705
Preparer
Sidney R Beal
Phone
4326883946
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 6,928 web services 340 computer software 99 travel 100 insurance 1,153 venue rent 1,850 performer fees 1,985 dinner & meal expenses 3,032 housing - program & event 4,299 supplies 609 membership dues 868 telephone 1,808 awards & grants 500 miscellaneous 522 professional fees 200 total 24,293

Form 990-ez, Part II, Line 24

Prepaid expenses - venue deposits 0 3,600 total 0 3,600

Form 990-ez, Part III

Presenting quality music theater performances; promoting and providing suitable opportunities for the advancement of musical culture; instilling, through education and performance, the traditions of opera and music theater in the general public in west texas.

Form 990-ez, Part III, Line 28

Presenting quality music theater performances; promoting and providing suitable opportunities for the advancement of musical culture; instilling, through education and performance, the traditions of opera and music theater in the general public in west texas.

Raw XML Appendix181 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 6,928 WEB SERVICES 340 COMPUTER SOFTWARE 99 TRAVEL 100 INSURANCE 1,153 VENUE RENT 1,850 PERFORMER FEES 1,985 DINNER & MEAL EXPENSES 3,032 HOUSING - PROGRAM & EVENT 4,299 SUPPLIES 609 MEMBERSHIP DUES 868 TELEPHONE 1,808 AWARDS & GRANTS 500 MISCELLANEOUS 522 PROFESSIONAL FEES 200 TOTAL 24,293
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES - VENUE DEPOSITS 0 3,600 TOTAL 0 3,600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRESENTING QUALITY MUSIC THEATER PERFORMANCES; PROMOTING AND PROVIDING SUITABLE OPPORTUNITIES FOR THE ADVANCEMENT OF MUSICAL CULTURE; INSTILLING, THROUGH EDUCATION AND PERFORMANCE, THE TRADITIONS OF OPERA AND MUSIC THEATER IN THE GENERAL PUBLIC IN WEST TEXAS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.53$0.53$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.69$1.21$0.52
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.64$1.68$1.77$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.73$1.73$1.18$0.55
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.34$0.18$1.14$2.17$1.04
2019Detailed filing. Detailed filing data is available for this year.$1.22$1.22$1.20$0.96$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.40$3.10$1.70
2017Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$1.81$1.08$0.73
2016Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.88$0.95$0.06
2015Summary only. Only limited summary data is available for this year.$1.96$0.00$1.96$2.18$1.93$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.71$1.71$1.07$0.32$0.75
2013Detailed filing. Detailed filing data is available for this year.$0.96$0.96$1.18$0.75$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.53$0.54$0.70$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.69$0.68$0.35$0.33