Civic Intelligence

Lubbock Experience Incorporated

990 • Fiscal year 2021 • EIN 20-8957025

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 14, 2022

Organization ProfileLUBBOCKCULTURALARTS.ORG
1500 Broadway 600Lubbock, TX 79401

(806) 749-4500

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

91st percentile

63%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$364,777

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 64.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

8.3%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$4,681,039

Up $358,589 (+8.3%) from 2020

Net Assets

Up

$4,681,039

Up $358,589 (+8.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin91st percentile

Revenue

Down

$569,267

Down $1,228,600 (-68%) from 2020

Expenses

Up

$210,678

Up $68,025 (+48%) from 2020

Net Income

Down

$358,589

Down $1,296,625 (-78%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2021

Assets$4,681,039
Liabilities$0
Net Assets$4,681,039
Open 2021 Filing

Operations Trend

Revenue Growth3rd 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

2021

Revenue$569,267
Expenses$210,678
Net Income$358,589
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 14, 2022
Return Version
2021v4.2
Gross Receipts
$569,267
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$1,468,100$218,364▼ $1,249,736
Land, Buildings, and Equipment, Net$2,425$1,874▼ $551
Total Assets$4,322,450$4,681,039▲ $358,589
Other Assets Total$2,851,925$4,460,801▲ $1,608,876
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,165,102$4,507,577▲ $342,475
Net Assets Without Donor Restrictions$157,348$173,462▲ $16,114
Total Net Assets Fund Balance$4,322,450$4,681,039▲ $358,589
Total Liabilities and Net Assets / Fund Balance$4,322,450$4,681,039▲ $358,589

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,874$887$2,761
Other Assets Org$4,460,801--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy KeithExecutive DirectorFT$135,000$14,135$149,135

Board Members and Trustees

NameTitle
James ConwrightChairman
John OsbornePresident
Jana JohnstonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lee Lewis Construction INCConstruction Services7810 ORLANDO AVE, Lubbock, TX 79423$1,608,876
Revenue and Support

Revenue Composition

Contributions and Grants
$568,779
Program Service Revenue
$96
Investment Income
$392
Other Revenue
$0
All Other Contributions
$568,779
Change in Net Assets
$358,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$158,770
Other Expenses$51,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$133,342$14,816-$148,158
Advertising$26,733--$26,733
Payroll Taxes$9,551$1,061-$10,612
Occupancy$4,500$1,500-$6,000
Travel$3,348$1,116-$4,464
Fees for Services Other$4,460--$4,460
Conferences and Meetings$3,090--$3,090
Fees for Services Accounting$684$2,050-$2,734
Other Expenses$1,140--$1,140
Office Expenses$624$208-$832
Depreciation Depletion$551--$551
Total Functional Expenses$189,927$20,751$0$210,678
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 600, LUBBOCK, TX 79401

Signing Officer

Name
Jana C Johnston
Title
Secretary/treasurer
Phone
8067494500
Signed
2022-06-14
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
30

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0261706
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1158780
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017104
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19161
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18919
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt014400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN OSBORNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JANA JOHNSTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0364777
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1201307
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE 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/ExplanationTxt2THE 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 VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04322450
IRS990/TotalAssetsEOYAmt04681039
IRS990/TotalAssetsGrp/BOYAmt04322450
IRS990/TotalAssetsGrp/EOYAmt04681039
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0568779
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020751
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189927
IRS990/TotalFunctionalExpensesGrp/TotalAmt0210678
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04322450
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04681039
IRS990/TotalOtherCompensationAmt065410
IRS990/TotalProgramServiceExpensesAmt0189927
IRS990/TotalProgramServiceRevenueAmt096
IRS990/TotalReportableCompFromOrgAmt0135000
IRS990/TotalRevenueGrp/ExclusionAmt0392
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0569267
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04322450
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04681039
IRS990/TotReportableCompRltdOrgAmt0514809
IRS990/TravelGrp/ManagementAndGeneralAmt01116
IRS990/TravelGrp/ProgramServicesAmt03348
IRS990/TravelGrp/TotalAmt04464
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,681,039
Liabilities
$0
Net assets
$4,681,039
Revenue
$569,267
Expenses
$210,678
Net income
$358,589
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