Nonprofit · EIN 75-1588661
PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE
Tax-exempt · MIDLAND, TX 79702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $134,379 | $180,503 | -$46,124 | $305,427 | $0 | $305,427 |
| December 31, 2023 | 990 | $118,889 | $129,797 | -$10,908 | $335,292 | $0 | $335,292 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $982
- Program service revenue
- $0
- Investment income
- $6,872
- Net income from fundraising events
- $126,525
- Other revenue
- $126,525
Expenses
- Grants and similar amounts paid
- $152,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,715
- Travel
- $9,750
- Program services (functional)
- $152,000
- Management and general (functional)
- $28,503
Balance sheet and other
- Total assets, start of year
- $335,292
- Total assets, end of year
- $305,427
- Total liabilities, end of year
- $0
- Net assets, end of year
- $305,427
- Publicly traded securities
- $229,216
- Net assets without donor restrictions
- $305,427
- Gross receipts
- $296,802
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1978
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN NORTHCUTT | President Trustee or director, Officer | 1 | $0 |
| SCOTT EMERSON | 2ND VP Trustee or director, Officer | 1 | $0 |
| JAKE SZOT | 3RD VP Trustee or director, Officer | 1 | $0 |
| CONNIE CALOBREVES | Secretary Trustee or director, Officer | 1 | $0 |
| KATHY CARPENTER | VP/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN NORTHCUTT | President Trustee or director, Officer | 1 | $0 |
| SCOTT EMERSON | 2ND VP Trustee or director, Officer | 1 | $0 |
| JAKE SZOT | 3RD VP Trustee or director, Officer | 1 | $0 |
| CONNIE CALOBREVES | Secretary Trustee or director, Officer | 1 | $0 |
| KATHY CARPENTER | VP/TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 142, MIDLAND, TX 79702-0142
- Principal officer (990 for 2024)
- KEVIN NORTHCUTT, PO BOX 142, MIDLAND, TX 797020142
- Signed the 990
- KATHY CARPENTER, VP/TREASURER
- Website
- WWW.PERMIANBASINAPI.COM
- Return prepared by
- C Marc Martin CPA
Mission
THE PERMIAN BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE SPONSORS FUNDRAISERS IN ORDER TO PROVIDE SCHOLARSHIPS TO STUDENTS FOR HIGHER EDUCATION THROUGH A NONDISCRIMINATORY POLICY.
Program accomplishments
- SEVENTY-SIX SCHOLARSHIPS WERE AWARDED TO STUDENTS FOR HIGHER EDUCATION.Expenses $152,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1588661
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $305,427
- Income (IRS master file)
- $296,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $134,379 | $180,503 | $305,427 | XML |
| 990 | December 2023 | $118,889 | $129,797 | $335,292 | XML |
| 990 | December 2022 | $81,099 | $82,261 | $325,230 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-1588661).
Questions about PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE
- What is the EIN of PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE?
- The employer identification number (EIN) of PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE is 75-1588661.
- Is PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1978.
- Are donations to PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE?
- The 990 for the year ended December 31, 2024 names KEVIN NORTHCUTT.
- Who are the officers and directors of PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PERMIAM BASIN CHAPTER OF THE AMERICAN PETROLEUM INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $134,379, expenses of $180,503 and total assets of $305,427 at year end.
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