Civic Intelligence

Lubbock Experience Incorporated

990 • Fiscal year 2020 • EIN 20-8957025

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 22, 2021

Organization ProfileLUBBOCKCULTURALARTS.ORG
1500 Broadway No 600Lubbock, TX 79401

(806) 749-4500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$365,659

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

88th percentile

62%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-33%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,322,450

Up $1,655,214 (+62%) from 2019

Net Assets

Up

$4,322,450

Up $1,655,214 (+62%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin98th percentile

Revenue

Down

$1,797,867

Down $869,369 (-33%) from 2019

Expenses

Up

$142,653

Up $142,653 from 2019

Net Income

Down

$1,655,214

Down $1,012,022 (-38%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1Liabilities 2011: $02011Assets 2019: $2,667,236Liabilities 2019: $0Net Assets 2019: $2,667,2362019Assets 2020: $4,322,450Liabilities 2020: $0Net Assets 2020: $4,322,4502020Assets 2021: $4,681,039Liabilities 2021: $0Net Assets 2021: $4,681,0392021Assets 2022: $289,425Liabilities 2022: $1,200Net Assets 2022: $288,2252022Assets 2023: $2,302,178Liabilities 2023: $0Net Assets 2023: $2,302,1782023Assets 2024: $2,334,013Liabilities 2024: $0Net Assets 2024: $2,334,0132024

Highlighted filing

2020

Assets$4,322,450
Liabilities$0
Net Assets$4,322,450
Open 2020 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$5.0M$0-$5.0MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2019: $2,667,236Expenses 2019: $0Net Income 2019: $2,667,2362019Revenue 2020: $1,797,867Expenses 2020: $142,653Net Income 2020: $1,655,2142020Revenue 2021: $569,267Expenses 2021: $210,678Net Income 2021: $358,5892021Revenue 2022: $325,079Expenses 2022: $4,717,893Net Income 2022: -$4,392,8142022Revenue 2023: $2,331,370Expenses 2023: $317,417Net Income 2023: $2,013,9532023Revenue 2024: $378,172Expenses 2024: $346,337Net Income 2024: $31,8352024

Highlighted filing

2020

Revenue$1,797,867
Expenses$142,653
Net Income$1,655,214
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 22, 2021
Return Version
2020v4.0
Gross Receipts
$1,797,867
Mission and Program Overview

Mission

Seek funding through private contributions, sponsorships and apply for local, state and national grants to 1) support increased participation in amateur sporting events, 2) assist and support educational opportunities and conferences in the community, 3) assist in support of historic preservation and cultural heritage, and 4) support qualifying activities related to visitor information centers in support of the lubbock community and west texas area.

To support and grow the lubbock community and west texas area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,559,212$1,468,100▼ $1,091,112
Land, Buildings, and Equipment, Net$0$2,425▲ $2,425
Total Assets$2,667,236$4,322,450▲ $1,655,214
Other Assets Total$108,024$2,851,925▲ $2,743,901
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,667,236$4,165,102▲ $1,497,866
Net Assets Without Donor Restrictions-$157,348-
Total Net Assets Fund Balance$2,667,236$4,322,450▲ $1,655,214
Total Liabilities and Net Assets / Fund Balance$2,667,236$4,322,450▲ $1,655,214

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,425$336$2,761
Other Assets Org$2,851,925--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy KeithExecutive DirectorFT$99,000$3,128$102,128

Board Members and Trustees

NameTitle
Mark GriffinChairman
John OsbornePresident
Jana JohnstonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lee Lewis Construction INCConstruction Services7810 ORLANDO AVE, Lubbock, TX 79423$2,743,901
Revenue and Support

Revenue Composition

Contributions and Grants
$1,786,694
Program Service Revenue
$0
Investment Income
$11,173
Other Revenue
$0
All Other Contributions
$1,786,694
Change in Net Assets
$1,655,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,546
Other Expenses$27,957
Grants and Similar Amounts Paid$1,150
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$102,128--$102,128
Advertising$20,798--$20,798
Payroll Taxes$7,859--$7,859
Occupancy$4,000--$4,000
Other Employee Benefits$3,559--$3,559
Fees for Services Accounting$1,283--$1,283
Grants to Domestic Orgs$1,150--$1,150
Office Expenses$748--$748
Depreciation Depletion$336--$336
Other Expenses$115--$115
Information Technology$99--$99
Total Functional Expenses$142,653$0$0$142,653
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The review of the form 990 was performed by the board prior to the filing of the form 990. The treasurer, jana johnston, provided a copy to each board member.”

Form 990, Part VI, Section B, Line 15A

“The executive director's salary is reviewed annually by the board. The board uses compensation surveys and compensation information obtained from irs form 990 returns of similar sized entities when setting the executive director's compensation. There are no other employees that meet the irs definition of officer or key employee. As such line 15b has been answered no.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and irs form 990's are available for viewing at the organization's office located at 1500 broadway, ste 600, lubbock, tx.”

Filing and Contact Details

Filer

Filer Name
Lubbock Experience Inc
EIN
20-8957025
Phone
8067494500
Address
1500 BROADWAY NO 600, LUBBOCK, TX 79401

Signing Officer

Name
Jana C Johnston
Title
Secretary/treasurer
Phone
8067494500
Signed
2021-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jana C Johnston
Formed
2007
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
1
Employees
1
Volunteers
1

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“During 2020 the organization started the lubbock cultural arts foundation. The mission of the foundation is to cultivate, connect and champion the arts community in lubbock, texas.”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT AND GROW THE LUBBOCK COMMUNITY AND WEST TEXAS AREA.
IRS990/AdvertisingGrp/ProgramServicesAmt020798
IRS990/AdvertisingGrp/TotalAmt020798
IRS990/AllOtherContributionsAmt01786694
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JANA C JOHNSTON CPA
IRS990/BooksInCareOfDetail/PhoneNum08067238242
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01500 BROADWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0LUBBOCK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd079401
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02559212
IRS990/CashNonInterestBearingGrp/EOYAmt01468100
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0102128
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0102128
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt02743901
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt07810 ORLANDO AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0LUBBOCK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd079423
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LEE LEWIS CONSTRUCTION INC
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01786694
IRS990/CYGrantsAndSimilarPaidAmt01150
IRS990/CYInvestmentIncomeAmt011173
IRS990/CYOtherExpensesAmt027957
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01655214
IRS990/CYSalariesCompEmpBnftPaidAmt0113546
IRS990/CYTotalExpensesAmt0142653
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01797867
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0336
IRS990/DepreciationDepletionGrp/TotalAmt0336
IRS990/Desc0IN 2019 THE ORGANIZATION ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH THE CITY OF LUBBOCK CENTRAL BUSINESS DISTRICT TAX INCREMENT FINANCING (TIF) REINVESTMENT ZONE TO BE IN CHARGE OF BUILDING THE DOWNTOWN LUBBOCK TORNADO MEMORIAL. THE CONSTRUCITON OF THE MEMORIAL CONTINUED THROUGH 2020.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02667236
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt04165102
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01283
IRS990/FeesForServicesAccountingGrp/TotalAmt01283
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt139002
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt217143
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt33128
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN OSBORNE
IRS990/Form990PartVIISectionAGrp/PersonNm2JANA JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm3STACY KEITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt399000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1311736
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2348516
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01150
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01150
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01797867
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt099
IRS990/InformationTechnologyGrp/TotalAmt099
IRS990/InvestmentIncomeGrp/ExclusionAmt011173
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011173
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0336
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02425
IRS990/LandBldgEquipCostOrOtherBssAmt02761
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEEK FUNDING THROUGH PRIVATE CONTRIBUTIONS, SPONSORSHIPS AND APPLY FOR LOCAL, STATE AND NATIONAL GRANTS TO 1) SUPPORT INCREASED PARTICIPATION IN AMATEUR SPORTING EVENTS, 2) ASSIST AND SUPPORT EDUCATIONAL OPPORTUNITIES AND CONFERENCES IN THE COMMUNITY, 3) ASSIST IN SUPPORT OF HISTORIC PRESERVATION AND CULTURAL HERITAGE, AND 4) SUPPORT QUALIFYING ACTIVITIES RELATED TO VISITOR INFORMATION CENTERS IN SUPPORT OF THE LUBBOCK COMMUNITY AND WEST TEXAS AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02667236
IRS990/NetAssetsOrFundBalancesEOYAmt04322450
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0157348
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt04000
IRS990/OccupancyGrp/TotalAmt04000
IRS990/OfficeExpensesGrp/ProgramServicesAmt0748
IRS990/OfficeExpensesGrp/TotalAmt0748
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0108024
IRS990/OtherAssetsTotalGrp/EOYAmt02851925
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03559
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03559
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt0578
IRS990/OtherExpensesGrp/ProgramServicesAmt1115
IRS990/OtherExpensesGrp/TotalAmt0578
IRS990/OtherExpensesGrp/TotalAmt1115
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07859
IRS990/PayrollTaxesGrp/TotalAmt07859
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JANA C JOHNSTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2020 THE ORGANIZATION CREATED THE LUBBOCK CULTURAL ARTS FOUNDATION. THE FOUNDATION IS OPERATED AS A DBA OF LUBBOCK EXPERIENCE. THE FOUNDATION OBTAINED, FOR THE CITY OF LUBBOCK, THE DESIGNATION OF TEXAS MUSIC FRIENDLY CITY. THE FOUNDATION WILL CULTIVATE, CONNECT AND CHAMPION THE ARTS COMMUNITY IN LUBBOCK, TEXAS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0142653
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01150
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02653715
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013521
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02667236
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02667236
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01655214
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01786694
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02653715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04440409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011173
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013521
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024694
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98090
IRS990ScheduleA/PublicSupportPY170Pct00.99490
IRS990ScheduleA/PublicSupportTotal170Amt04379711
IRS990ScheduleA/SubstantialContributorsTotAmt060698
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01786694
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02653715
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04440409
IRS990ScheduleA/TotalSupportAmt04465103
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02425
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0336
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02761
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02851925
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS - TORNADO MEMORIAL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02425
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02851925
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt021892
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt150579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0152366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1246757
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt113750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08223
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt125252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0174258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt114400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JANA JOHNSTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN OSBORNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0365659
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1350738
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 2020 THE ORGANIZATION STARTED THE LUBBOCK CULTURAL ARTS FOUNDATION. THE MISSION OF THE FOUNDATION IS TO CULTIVATE, CONNECT AND CHAMPION THE ARTS COMMUNITY IN LUBBOCK, TEXAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE REVIEW OF THE FORM 990 WAS PERFORMED BY THE BOARD PRIOR TO THE FILING OF THE FORM 990. THE TREASURER, JANA JOHNSTON, PROVIDED A COPY TO EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED ANNUALLY BY THE BOARD. THE BOARD USES COMPENSATION SURVEYS AND COMPENSATION INFORMATION OBTAINED FROM IRS FORM 990 RETURNS OF SIMILAR SIZED ENTITIES WHEN SETTING THE EXECUTIVE DIRECTOR'S COMPENSATION. THERE ARE NO OTHER EMPLOYEES THAT MEET THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. AS SUCH LINE 15B HAS BEEN ANSWERED NO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND IRS FORM 990'S ARE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE LOCATED AT 1500 BROADWAY, STE 600, LUBBOCK, TX.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0900183669
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1752621353
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO PROMOTE ECONOMIC GROWTH AND JOB CREATION.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01500 BROADWAY 6TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11500 BROADWAY 6TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LUBBOCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LUBBOCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd179401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt075000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02667236
IRS990/TotalAssetsEOYAmt04322450
IRS990/TotalAssetsGrp/BOYAmt02667236
IRS990/TotalAssetsGrp/EOYAmt04322450
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01786694
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142653
IRS990/TotalFunctionalExpensesGrp/TotalAmt0142653
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02667236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04322450
IRS990/TotalOtherCompensationAmt059273
IRS990/TotalProgramServiceExpensesAmt0142653
IRS990/TotalReportableCompFromOrgAmt099000
IRS990/TotalRevenueGrp/ExclusionAmt011173
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01797867
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02667236
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04322450
IRS990/TotReportableCompRltdOrgAmt0660252
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01500 BROADWAY NO 600
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079401
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0LUBBOCKCULTURALARTS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANA C JOHNSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08067494500

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,322,450
Liabilities
$0
Net assets
$4,322,450
Revenue
$1,797,867
Expenses
$142,653
Net income
$1,655,214
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$0.38$0.35$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$2.33$0.32$2.01
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.33$4.72$4.39
2021Detailed filing. Detailed filing data is available for this year.$4.68$0.00$4.68$0.57$0.21$0.36
2020Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$1.80$0.14$1.66
2019Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$2.67$0.00$2.67
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00