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← PERMIAN BASIN PUBLIC TELECOMMUNICATIONS INC

Form 990 for tax year 2024

Filed by PERMIAN BASIN PUBLIC TELECOMMUNICATIONS INC.

Totals

Total revenue
$1,900,131
Total expenses
$2,269,599
Contributions and grants received
$1,652,436
Grants paid
$0
Program service revenue
$45,900
Investment income
$53,005
Other revenue
$148,790
Total assets, end of year
$6,997,164
Total liabilities, end of year
$1,106,521
Net assets or fund balances, end of year
$5,890,643
Program services expenses (Part IX)
$1,563,126
Management and general expenses
$559,272
Fundraising expenses
$147,201
Program service expenses (Part III)
$1,563,126

Program services were 68.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $250,008

  • 1e · Government grants (contributions)

    $946,476

  • 1f · All other contributions, gifts and grants

    $455,952

  • 2a · Program service revenue: PRODUCTION REVENUE

    total $45,900 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $53,005 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $278,192

  • 8b · Fundraising events: direct expenses

    $196,156

  • 8c · Net income from fundraising events

    total $82,036 · unrelated business $0 · excluded $82,036

  • 11a · Other revenue: OTHER INCOME

    total $44,754 · related or exempt $44,754 · unrelated business $0 · excluded $0

  • 11b · Other revenue: GRANT REVENUE (BROADCASTING SERVICE)

    total $22,000 · related or exempt $22,000 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $66,754

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $140,065 · program services $0 · management and general $140,065 · fundraising $0

  • 7 · Other salaries and wages

    total $551,895 · program services $419,509 · management and general $29,450 · fundraising $102,936

  • 9 · Other employee benefits

    total $102,216 · program services $66,397 · management and general $25,234 · fundraising $10,585

  • 10 · Payroll taxes

    total $50,991 · program services $31,066 · management and general $12,626 · fundraising $7,299

  • 11b · Fees: legal

    total $264 · program services $0 · management and general $264 · fundraising $0

  • 11c · Fees: accounting

    total $54,553 · program services $0 · management and general $54,553 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $21,673 · program services $15,212 · management and general $115 · fundraising $6,346

  • 13 · Office expenses

    total $16,692 · program services $5,472 · management and general $7,071 · fundraising $4,149

  • 14 · Information technology

    total $17,632 · program services $15,027 · management and general $1,268 · fundraising $1,337

  • 16 · Occupancy

    total $280,944 · program services $186,792 · management and general $93,052 · fundraising $1,100

  • 17 · Travel

    total $12,782 · program services $5,501 · management and general $4,582 · fundraising $2,699

  • 22 · Depreciation, depletion and amortization

    total $302,841 · program services $181,010 · management and general $121,831 · fundraising $0

  • 23 · Insurance

    total $63,031 · program services $4,972 · management and general $58,059 · fundraising $0

  • 24a · Other expenses: PROGRAM COSTS

    total $405,322 · program services $405,322 · management and general $0 · fundraising $0

  • 24b · Other expenses: PRODUCTION COSTS

    total $105,353 · program services $104,973 · management and general $0 · fundraising $380

  • 24c · Other expenses: PREMIUMS

    total $1,167 · program services $0 · management and general $0 · fundraising $1,167

  • 24d · Other expenses: PROFESIONAL MEMBERSHIPS

    total $2,095 · program services $0 · management and general $2,095 · fundraising $0

  • 24e · All other expenses

    total $140,083 · program services $121,873 · management and general $9,007 · fundraising $9,203

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,125,710 · end of year $2,024,687

  • 3 · Pledges and grants receivable

    beginning of year $14,750 · end of year $16,590

  • 4 · Accounts receivable

    beginning of year $31,228 · end of year $42,584

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,550 · end of year $46,817

  • 10a · Land, buildings and equipment: cost or other basis

    $5,944,463

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,089,157

  • 10c · Land, buildings and equipment, net

    beginning of year $4,158,148 · end of year $3,855,306

  • 15 · Other assets

    beginning of year $1,083,427 · end of year $1,011,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,795 · end of year $1,081,521

  • 19 · Deferred revenue

    beginning of year $51,950 · end of year $25,000

  • 25 · Other liabilities

    beginning of year $1,109,956 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,093,106 · end of year $5,734,351

  • 28 · Net assets with donor restrictions

    beginning of year $167,006 · end of year $156,292

Mission and programs · 2024

Mission

BASIN PBS IS WEST TEXAS CLASSROOM. THE AREAS LARGEST STAGE FOR THE ARTS AND A TRUSTED WINDOW TO THE WORLD. OUR EDUCATIONAL MEDIA HELPS PREPARE CHILDREN FOR SUCCESS IN SCHOOL AND OPENS UP THE WORLD TO THEM IN AN AGE-APPROPRIATE WAY.

  • BASIN PBS SERVES A LARGE AREA COVERING MIDLAND/ODESSA, TEXAS, AND THE TRANS PECOS REGION OF WEST TEXAS WITH EDUCATIONAL PROGRAMS THAT PROMOTE LIFELONG LEARNING. BASIN PBS FOCUSES ON EDUCATION, FAMILIES AND COMMUNITIES, OFFERING ENGAGEMENT EVENTS, SCREENINGS AND PROGRAMMING THROUGHTOUT THE YEAR TO HELP BUILD COMMUNITY AWARENESS ON TOPICAL ISSUES BY BEING A PRODUCTING PARTNER WITH ITVS FOR INDIE LENS POP-UP FOR THE EIGHTH CONSECUTIVE YEAR. BASIN PBS REACHED MANY DIVERSE GROUPS IN 2024 BY HOSTING OR PARTNERING DIFFERENT EVENTS AND APPEALING TO THOSE OF DIFFERING AGES, SOCIA-ECONOMIC, EDUCATION LEVELS AND INTERESTS.

    Expenses $1,563,126 · Revenue $2,084,626

As filed on the 2024 return.

Listed in Part VII

  • Laura Wolf

    GENERAL MGR

    Total calculated
    $140,065
    From this org
    $140,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

  • Feliz Abalos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Teresa Burnett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Johnny Burnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Pat Canty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jena Carey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ron Chesnut

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Carla Hartwig

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Laurie Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kenny Lunda

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Sarana Savage

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jeffery Bryden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 January 2026
IRS schema version
2024v5.2
Source object
202620409349300917

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