Civic Intelligence

Permian Basin Opera

990 • Fiscal year 2017 • EIN 75-1943679

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.MYPBO.ORG
3500 North A Street Suite 2208Midland, TX 79705

(432) 688-7777

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

88th percentile

40%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

81st percentile

38%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

104%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$262,549

Up $72,726 (+38%) from 2016

Net Assets

Up

$262,549

Up $72,726 (+38%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin88th percentile

Revenue

Up

$180,961

Up $92,467 (+104%) from 2016

Expenses

Up

$108,235

Up $13,564 (+14%) from 2016

Net Income

Up

$72,726

Up $78,903 (+1277%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

2017

Assets$262,549
Liabilities$0
Net Assets$262,549
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

2017

Revenue$180,961
Expenses$108,235
Net Income$72,726
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$180,961
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$182,828$254,569▲ $71,741
Cash and Non-Interest-Bearing Accounts$6,995$6,180▼ $815
Total Assets$189,823$262,549▲ $72,726
Other Assets Total-$1,800-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$155,554-
Unrestricted Net Assets$189,823$106,995▼ $82,828
Total Net Assets Fund Balance$189,823$262,549▲ $72,726
Total Liabilities and Net Assets / Fund Balance$189,823$262,549▲ $72,726
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Gayle BanschbachPresident
Corrine NaylorAt Large
Cyndi WallumAt Large
Ed RowlandAt Large
Edward McphersonAt Large
Gabriel SalgadoAt Large
Peggy JonesAt Large
Sharon HumphreysAt Large
Sarah JonesSecretary
Jim CampTreasurer
Marc KondrupVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$179,618
Program Service Revenue
$801
Investment Income
$542
Other Revenue
$0
All Other Contributions
$179,618
Change in Net Assets
$72,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$46,877--$46,877
Advertising$21,520$449-$21,969
Occupancy-$7,288-$7,288
All Other Expenses$1,776$1,017-$2,793
Insurance-$2,340-$2,340
Fees for Services Accounting-$1,950-$1,950
Other Expenses$1,625--$1,625
Office Expenses$47$472-$519
Information Technology-$258-$258
Total Functional Expenses$94,461$13,774$0$108,235
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The contract ed, president, and past president reviewed the form 990 before it was filed. The final form 990 will be distributed to the entire board.”

Form 990, Page 6, Part VI, Line 19

“Upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Permian Basin Opera
EIN
75-1943679
Phone
4326887777
Address
3500 NORTH A STREET SUITE 2208, MIDLAND, TX 79705

Signing Officer

Name
Sarah Jones
Title
2018 Board President
Phone
4322690398
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Jones
Formed
1984
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
18

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 - ORGANIZATION'S MISSION

“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 Appendix367 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/ExplanationTxt0PRESENTING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONTRACT ED, PRESIDENT, AND PAST PRESIDENT REVIEWED THE FORM 990 BEFORE IT WAS FILED. THE FINAL FORM 990 WILL BE DISTRIBUTED TO THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/FilingSecurityInformation/IPTm010:32:24
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEAL & WILKES PC
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ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$262,549
Liabilities
$0
Net assets
$262,549
Revenue
$180,961
Expenses
$108,235
Net income
$72,726
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