Midland Energy Library
Midland Energy Library
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About this organization
Mission
Midland Energy Library was established to house and preserve scientific petroleum data for present and future researchers and explorationists in the oil and gas industry.
About
The entity is a geological library and conducts normal library operations including preserving and making available one of a kind data for use in the exploration for oil and gas and certain mineral resources within the Permian Basin. The library estimates that it benefits 200-300 people a month.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “To collect, preserve, catalog and exhibit scientific, geological and engineering data gathered by the petroleum industry - to be a working library for use by industry professionals, educators, students and other members of the interested public.”.
Their activities were defined as: “Midland energy library was established to house and preserve scientific petroleum data for present and future researchers and explorationists in the oil and gas industry.”.
- As per legal requirements, the non-profit's state of operation is reported as TX.
- The non-profit's address in 2020 as per the filing is 2900 W FRONT STREET, Midland, TX, 79701.
- The form of the non-profit organization shows 5 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$36,648.
- The compensation policy for the CEO of the organization is established through an impartial evaluation and endorsement.
- The organization has 15 independent voting members.
- The organization was formed in 1984.
- The organization is required to file Schedule O.
- The organization's financial statements were compiled or reviewed by an accountant.
- The organization pays $274,219 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.