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EIN 75-6085378

Petroleum Museum

IRS 501(c) type
501(c)(3)
Num. employees
19
City
Midland
State
Texas
Year formed
1967
Most recent tax filings
2022-12-01
NTEE code, primary
A57: Science and Technology Museums
Description
The Permian Basin Petroleum Museum is a museum in Midland, Texas, USA, with exhibits relating to the oil and gas industry of the Permian Basin of west Texas and southeast New Mexico.
Also known as...
Permian Basin Petroleum Museum Library and Hall of Fame
Total revenues
$2,573,801
2022
Total expenses
$2,558,205
2022
Total assets
$49,660,478
2022
Num. employees
19
2022

Program areas at Petroleum Museum

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.

Who funds Petroleum Museum

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Abell-Hanger FoundationFor Unrestricted General Operating Support$50,000
Abell-Hanger FoundationFor the 2023 Arlen L. Edgar Lecture Series$25,000
Beal FoundationOperating Funds$25,000
...and 16 more grants received

Personnel at Petroleum Museum

NameTitleCompensation
Katherine G ShannonExecutive Director$108,400
Lisa WordenFinance Director$55,750
Mark CarrVice President$0
Will PorterPresident$0
Billy HarrisSecretary$0
...and 4 more key personnel

Financials for Petroleum Museum

RevenuesFYE 12/2022
Total grants, contributions, etc.$869,897
Program services$329,011
Investment income and dividends$380,509
Tax-exempt bond proceeds$0
Royalty revenue$808,931
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$130,547
Net income from gaming activities$0
Net income from sales of inventory$54,906
Miscellaneous revenues$0
Total revenues$2,573,801

Form 990s for Petroleum Museum

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-29990View PDF
2021-122022-08-04990View PDF
2020-122021-09-17990View PDF
2019-122021-02-09990View PDF
2018-122019-11-07990View PDF
...and 9 more Form 990s
Data update history
February 3, 2024
Received grants
Identified 13 new grant, including a grant for $50,000 from Abell-Hanger Foundation
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 17 new grant, including a grant for $100,000 from F M H Foundation
August 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Fundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donations
General information
Address
1500 Interstate Hwy 20 West
Midland, TX 79701
Metro area
Midland, TX
County
Midland County, TX
Website URL
petroleummuseum.org/ 
Phone
(432) 683-4403
Facebook page
PetroleumMuseum 
Twitter profile
@petroleummuseum 
IRS details
EIN
75-6085378
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1967
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A57: Science and Technology Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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