2024-09-16T14:52:02-05:00 2023-10-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-11-01 750750687 PETROLEUM CLUB OF MIDLAND PETR 4326822557 PO BOX 10527 MIDLAND TX 79702 TOMMY TAYLOR SECRETARY-TREASURER 4326822557 2024-09-12 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2022 2024-08-08 14:25:15Z ROBERT DIMIT PO BOX 10527 MIDLAND TX 79702 8259670 0 X WWW.PCMIDLAND.COM X 1947 TX 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. 9 9 92 9 489021 364916 0 0 2686890 2813946 37706 229254 2707265 3210763 5431861 6253963 0 0 0 0 3303700 3354367 0 0 0 1946908 1922377 5250608 5276744 181253 977219 8505669 9237563 570216 474718 7935453 8762845 X 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. 0 0 TAX EXEMPT CLUB ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 92 1 1 1 0 0 0 0 428239 164683 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 1 0 0 X HOLLY EVANS 4326822557 PO BOX 10527 MIDLAND TX 79702 X TOMMY TAYLOR PRESIDENT 2.00 X X 0 0 0 STEVE GOREE VICE PRESIDENT 2.00 X X 0 0 0 ROBERT DIMIT SECRETARY-TREASURER 2.00 X X 0 0 0 RON GASSER DIRECTOR 2.00 X 0 0 0 KYLE HAMMOND DIRECTOR 2.00 X 0 0 0 NICK MCCLURE DIRECTOR 2.00 X 0 0 0 BILL LANIER DIRECTOR 2.00 X 0 0 0 GRANT WRIGHT DIRECTOR 2.00 X 0 0 0 SUZANNE SMITH DIRECTOR 2.00 X 0 0 0 ARMANDO MARTINEZ GENERAL MANAGER 40.00 X 244021 0 11461 CLYDE JAY SHUTTS EXECUTIVE CHEF 40.00 X 128564 0 375 372585 0 11836 2 0 1 0 0 MEMBERSHIP DUES 713910 2385707 2385707 INITIATION FEES 713910 428239 428239 2813946 49661 49661 138662 138662 963643 784050 179593 179593 179593 3940221 1221657 2718564 2597459 121105 ERTC 900099 201239 201239 INSURANCE PROCEEDS 900099 152298 152298 353537 6253963 5411405 489021 353537 237014 2351675 40160 445040 280478 24400 4566 93720 6361 340779 202605 2584 523671 113015 FOOD & BEV OPERATIONS 319597 CLUBHOUSE OPERATIONS 229861 UNRELATED BUS. INC. TAX 61218 5276744 727955 813964 32693 564550 535916 116738 132598 13902 18904 14147507 8059050 6173898 6088457 875933 1647724 8505669 9237563 289300 111860 184596 216998 96320 145860 570216 474718 X 7935453 8762845 7935453 8762845 8505669 9237563 X 977219 -150977 1150 X 0 1 X 1 0 724774 724774 9767196 5563830 4203366 3640337 2486562 1153775 15200 8658 6542 6088457 SALES TAX PAYABLE 19880 MIXED BEVERAGE TAX PAYABLE 4188 PROPERTY TAXES PAYABLE 52241 FEDERAL INCOME TAX PAYABLE 66000 MIXED BEVERAGE SALES TAX 3551 145860 7320077 -150977 1221657 1070680 6249397 4566 4566 6253963 6493835 1221657 1221657 5272178 4566 4566 5276744 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,221,657. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,221,657. X 0 0 0 ARMANDO MARTINEZ GENERAL MANAGER 191022 0 39600 0 13399 0 11461 0 0 0 255482 0 0 0 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. FORM 990, PART XI, LINE 9: MEMBER CONTRIBUTIONS 1,150.