Civic Intelligence

Permian Basin Opera

990 • Fiscal year 2018 • EIN 75-1943679

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

4th percentile

-121%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

6th percentile

-65%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

22nd percentile

-23%

Faster revenue growth than 22% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$92,910

Down $169,639 (-65%) from 2017

Net Assets

Down

$92,910

Down $169,639 (-65%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$140,027

Down $40,934 (-23%) from 2017

Expenses

Up

$309,666

Up $201,431 (+186%) from 2017

Net Income

Down

-$169,639

Down $242,365 (-333%) from 2017

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

2018

Assets$92,910
Liabilities$0
Net Assets$92,910

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

2018

Revenue$140,027
Expenses$309,666
Net Income-$169,639
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$140,027
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$254,569$91,332▼ $163,237
Cash and Non-Interest-Bearing Accounts$6,180$1,578▼ $4,602
Total Assets$262,549$92,910▼ $169,639
Other Assets Total$1,800--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$155,554--
Unrestricted Net Assets$106,995$92,910▼ $14,085
Total Net Assets Fund Balance$262,549$92,910▼ $169,639
Total Liabilities and Net Assets / Fund Balance$262,549$92,910▼ $169,639
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah JonesPresident
Bryan WilsonAt Large
Chris VaugjtAt Large
Corrine NaylorAt Large
Ed RowlandAt Large
Gabriel SalgadoAt Large
Lizette RodriguezAt Large
Love Swimming BearAt Large
Luann LaneAt Large
Peggy JonesAt Large
Vivian MossAt Large
Jim CampSecretary
Kyndall LeoneTreasurer
Gayle BanschbachVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$139,343
Program Service Revenue
$392
Investment Income
$292
Other Revenue
$0
All Other Contributions
$139,343
Change in Net Assets
$-169,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,666
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$46,845--$46,845
Advertising$36,587$2,400-$38,987
Other Expenses$29,705--$29,705
All Other Expenses$24,344$2,493-$26,837
Office Expenses$13,326$208-$13,534
Occupancy-$5,377-$5,377
Insurance-$2,621-$2,621
Information Technology-$318-$318
Total Functional Expenses$296,249$13,417$0$309,666
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 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
Executive Director
Phone
4322690398
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Jones
Formed
1984
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
20

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.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0661
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0521
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01997
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt030040
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0739
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IRS990ScheduleA/PublicSupportPY170Pct00.31130
IRS990ScheduleA/PublicSupportTotal170Amt0227114
IRS990ScheduleA/SubstantialContributorsTotAmt0466188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0139343
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0179618
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0187567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0105910
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0693302
IRS990ScheduleA/TotalSupportAmt0733727
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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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 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0262549
IRS990/TotalAssetsEOYAmt092910
IRS990/TotalAssetsGrp/BOYAmt0262549
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IRS990/TotalContributionsAmt0139343
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0296249
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309666
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt092910
IRS990/TotalProgramServiceExpensesAmt0296249
IRS990/TotalProgramServiceRevenueAmt0392
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0684
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0140027
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0262549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt092910
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0106995
IRS990/UnrestrictedNetAssetsGrp/EOYAmt092910
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MIDLAND
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079705
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.MYPBO.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04322690398
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PERMIAN BASIN OPERA
ReturnHeader/Filer/BusinessNameControlTxt0PERM
ReturnHeader/Filer/EIN0751943679
ReturnHeader/Filer/PhoneNum04326887777
ReturnHeader/Filer/USAddress/AddressLine1Txt03500 NORTH A STREET SUITE 2208
ReturnHeader/Filer/USAddress/CityNm0MIDLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079705
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0244796616756C625DC421ABB67B1FE48165CED45
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0244796616756C625DC421ABB67B1FE48165CED45
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.183.156.61
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm017:23:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752795237
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEAL & WILKES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt024 SMITH RD STE 225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079705
ReturnHeader/PreparerPersonGrp/PhoneNum04326883946
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SIDNEY R BEAL
ReturnHeader/ReturnTs02019-11-15T17:23:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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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