2011-11-14T07:08:30-08:00 2010-12-31 CMarc Martin CPA PO Box 1775 Midland TX 797021775 990 2010-01-01 756085378 PERMIAN BASIN PETROLEUM MUSEUM LIBRARY AND HALL OF FAME PERM 4326834403 1500 INTERSTATE HWY 20 WEST MIDLAND TX 79701 KATHERINE G SHANNON 2011-11-14 C Marc Martin CPA 4326850094 X 2010 2016-03-07 17:11:31Z KATHERINE G SHANNON 1500 W INTERSTATE 20 MIDLAND TX 79701 1901429 false false X PETROLEUMMUSEUM.ORG X 1967 TX SEE SCHEDULE O. 23 23 17 110 0 934518 1367810 107959 114224 212592 171287 -9533 156563 1245536 1809884 0 0 501496 506268 0 134593 800431 740353 1301927 1246621 -56391 563263 22381039 23969057 31678 16840 22349361 23952217 WE WILL SHARE THE PETROLEUM AND ENERGY STORY AND ITS IMPACT ON OUR LIVES. false false 914699 THE PERMIAN BASIN PETROLEUM MUSEUM, LIBRARY AND HALL OF FAME WAS ORGANIZED TO PROCURE, CARE FOR, PRESERVE AND DISPLAY OBJECTS RELATED TO THE PETROLEUM, ENERGY AND TRANSPORTATION INDUSTRIES. IN THIS REGARD, THE MUSEUM PROVIDES INTERIOR AND EXTERIOR EXHIBITS RELATED TO THE PETROLEUM, ENERGY AND TRANSPORTATION INDUSTRIES ALONG WITH EDUCATIONAL PROGRAMS AND MAINTAINS ARCHIVES AVAILABLE FOR RESEARCH. 914699 true true false false false false false true false true true false false true false false true false false false false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false true 3 0 true 17 true false false false false false false false false true true false 0 false false false false false false false false false false false X 23 23 false false false false false false false true true false false false true true true true true false true false false false X PERMAIN BASIN PETROLEUM MUSEUM 4326834403 1500 INTERSTATE HWY 20 WEST MIDLAND TX 79701 TAYLOR MAYNE 2.00 X X 0 0 0 STEVE PRUETT 2.00 X 0 0 0 ROY WILLIAMSON JR 2.00 X X 0 0 0 ROBERT B HOLT 2.00 X 0 0 0 PAUL MORRIS 2.00 X 0 0 0 MARK PHILPY 2.00 X 0 0 0 LISA WORDEN 30.00 X 36565 0 0 KELLY MACLASKEY 2.00 X 0 0 0 KEITH WEISER 2.00 X 0 0 0 KATHERINE G SHANNON 40.00 X 79541 0 0 JOHN ELPHICK 2.00 X 0 0 0 JOE CASTILLO 2.00 X 0 0 0 JIM WOODCOCK 2.00 X 0 0 0 JIM BYERLOTZER 2.00 X 0 0 0 JIM ALSUP 2.00 X 0 0 0 DUNCAN KENNEDY 2.00 X 0 0 0 DONNY MCCLURE 2.00 X 0 0 0 DON SPARKS 2.00 X 0 0 0 DAN BORDELON 2.00 X 0 0 0 CLAY CASH 2.00 X 0 0 0 CHRIS HAGAN 2.00 X X 0 0 0 BRUCE BRADY 2.00 X 0 0 0 BILLY HARRIS 2.00 X X 0 0 0 BILL PATTERSON 2.00 X 0 0 0 BILL MUNN 2.00 X 0 0 0 116106 0 false false false 0 1367810 635266 1367810 ADMISSIONS CLASSES TRIPS 114224 114224 114224 171287 171287 0 0 0 0 169095 50933 118162 118162 0 79013 40612 38401 38401 0 1809884 114224 327850 0 0 0 0 116106 15908 68381 31817 0 312686 240666 7581 64439 6914 4137 1225 1552 37759 22595 6687 8477 32803 19629 5810 7364 0 0 12175 3132 9043 0 0 0 0 21509 15056 4302 2151 11706 9365 2341 0 0 0 0 0 0 0 0 286610 257949 25795 2866 66054 49541 13210 3303 UTILITIES 129447 116502 11650 1295 TEMPORARY EXHIBITS 15600 15600 REPAIRS & MAINTENANCE 108206 97510 9626 1070 PUBLIC RELATIONS 13971 6667 7304 MISCELLANEOUS 22023 16545 4382 1096 53052 33262 12968 6822 1246621 914699 197329 134593 0 517816 636755 50000 209390 0 0 0 0 76123 93156 27638 25917 14461770 5901494 8796595 8560276 5774729 5930999 0 0 0 7138138 8512564 22381039 23969057 31678 16840 31678 16840 X 16497282 17752965 919368 1262582 4932711 4936670 22349361 23952217 22381039 23969057 X 563263 1039593 X false true true X false false X 648805 615722 1458061 934518 1367810 5024916 0 0 648805 615722 1458061 934518 1367810 5024916 156100 4868816 401555 594128 476012 212592 171287 1855574 0 180083 302636 244757 -9535 156563 874504 7754994 0.62780 0.58230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X false 5622717 9505 469945 319118 377 5782672 4935933 6254 840847 160002 315 5622717 7373680 156785 -2594032 500 4935933 0.00400 0.85370 0.14230 false false false 287102 287102 11817532 3721522 8096010 25973 25697 276 2331163 2154275 176888 8560276 8512564 1809884 1246621 563263 1039593 1039593 1602856 2941022 1039593 1039593 1901429 -91545 -91545 1809884 1338166 91545 91545 1246621 1246621 Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT COSTS INCL IN REVENUE $50933 COGS INCL IN REVENUE $40612 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. EARNINGS FROM THE ENDOWMENT FUNDS ARE AVAILABLE FOR ANY ACTIVITIES OR PURPOSES AS DETERMINED BY THE BOARD OF DIRECTORS Part III, Line 4 Part III, Line 4: Description of organization's collections and how it furthers its purpose. The Museum maintains a collection of exhibits and objects related to the petroleum industry and the cultural history of the Permian Basin. These exhibits and objects tell the history of the petroleum industry in the Permian Basin and provide resources for educational programs for students in the Permian Basin. Part III, Line 1a Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o In conformity with the practice followed by many museums, art objects, antiques and other items of intrinsic value, donated to the Museum are not valued in the accompanying statement of financial position because their fair values are not readily determinable. The value of the collection objects acquired by gift for which the Museum can make a reasonable estimate is reported as in-kind unrestricted contributions in the statement of activities.The cost of all objects purchased, together with the value of objects acquired by gift as indicated in the preceding paragraph, less the proceeds from de accessions of objects, is reported separately in the statement of activities as collection accessions and contributed collections not capitalized.Gifts of cash or other property restricted by donors for the purchase of items for the collection are classified as temporarily restricted net assets until acquisitions are made in accordance with the terms or the gifts. X X X false BIRTHDAY FUNDRAISER 66175 66175 14290 CAR FUNDRAISER 45875 45875 14408 3 57045 57045 22235 169095 169095 50933 50933 118162 X 1 635266 Appraisal false false false FORM 990, PART I, LN 1 - SIG. ACTIVITIES THE PETROLEUM MUSEUM, LIBRARY AND HALL OF FAME WAS ORGANIZED TO PROCURE, CARE FOR, AND DISPLAY OBJECTS RELATED TO THE PETROLEUM, ENERGY AND TRANSPORTATION INDUSTRIES. IN THIS REGARD,THE MUSEUM PROVIDES INTERIOR AND EXTERIOR EXHIBITS RELATING TO THE PETROLEUM, ENERGY AND TRANSPORTATION INDUSTRIES ALONG WITH EDUCATIONAL PROGRAMS AND MAINTAINS ARCHIVES AVAILABLE FOR RESEARCH. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON A REQUEST BY REQUEST BASIS. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED ON A CASE BY CASE BASIS. IF A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST, HE/SHE WILL EXCUSE THEMSELF FROM ANY DISCUSSIONS OR VOTES PERTAINING TO THE POTENTIAL CONFLICT OF INTEREST. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process THE FORM 990 IS SENT ELECTRONICALLY TO BOARD MEMBERS UPON COMPLETION. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990 WITH THE EXECUTIVE DIRECTOR AND IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE. UPON APPROVAL BY EXECUTIVE COMMITTEE, THE FORM 990 IS FORWARDED TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL AS NEAR TO THE FILING DATE AS POSSIBLE.