Civic Intelligence

Lubbock Experience Incorporated

990 • Fiscal year 2022 • EIN 20-8957025

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 25, 2023

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

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-1351%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$452,655

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 139.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-94%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-43%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$289,425

Down $4,391,614 (-94%) from 2021

Net Assets

Down

$288,225

Down $4,392,814 (-94%) from 2021

Liabilities

Up

$1,200

Up $1,200 from 2021

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$325,079

Down $244,188 (-43%) from 2021

Expenses

Up

$4,717,893

Up $4,507,215 (+2139%) from 2021

Net Income

Down

-$4,392,814

Down $4,751,403 (-1325%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2022

Assets$289,425
Liabilities$1,200
Net Assets$288,225
Open 2022 Filing

Operations Trend

Revenue Growth13th 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

2022

Revenue$325,079
Expenses$4,717,893
Net Income-$4,392,814
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$325,079
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$218,364$288,102▲ $69,738
Land, Buildings, and Equipment, Net$1,874$1,323▼ $551
Other Assets Total$4,460,801$0▼ $4,460,801
Total Assets$4,681,039$289,425▼ $4,391,614
Liabilities
Accounts Payable and Accrued Expenses-$1,200-
Total Liabilities$0$1,200▲ $1,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$173,462$229,524▲ $56,062
Net Assets With Donor Restrictions$4,507,577$58,701▼ $4,448,876
Total Net Assets Fund Balance$4,681,039$288,225▼ $4,392,814
Total Liabilities and Net Assets / Fund Balance$4,681,039$289,425▼ $4,391,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,323$1,438$2,761
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy KeithExecutive DirectorFT$141,534$14,879$156,413

Board Members and Trustees

NameTitle
James ConwrightChairman
John OsbornePresident
Jana JohnstonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$324,356
Program Service Revenue
$72
Investment Income
$651
Other Revenue
$0
All Other Contributions
$199,356
Change in Net Assets
$-4,392,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,462,631
Salaries, Compensation, and Employee Benefits$168,681
Other Expenses$86,581
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,462,631--$4,462,631
Current Officers, Directors, Trustees, and Key Employees$142,043$15,783-$157,826
Advertising$39,743--$39,743
Fees for Services Other$27,922--$27,922
Payroll Taxes$9,770$1,085-$10,855
Conferences and Meetings$6,068--$6,068
Occupancy$4,500$1,500-$6,000
Travel$1,911--$1,911
Fees for Services Accounting$342$1,027-$1,369
Other Expenses$1,107--$1,107
Office Expenses$502$168-$670
Depreciation Depletion$551--$551
Total Functional Expenses$4,698,330$19,563$0$4,717,893
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of LubbockLubbock, TXGovernment EntityTransfer the Ownership of the 1970 Lubbock Tornado Memorial to the City of Lubbock Per the Agreement Signed Between the City and Lubbock Experience.$0
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
2023-10-25
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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IRS990/Desc0IN 2022 - LUBBOCK EXPERIENCE, INC AND ITS DBA LUBBOCK CULTURAL ARTS FOUNDATION (LCAF) CONTINUED TO EXPAND THE MISSION OF THE ORGANIZATION. LCAF WAS SUCCESSFUL IN OBTAINING SEVERAL SMALL GRANTS THAT ALLOWED THE ORGANIZATION TO ASSIST THE NEW ARTS EVENT, LUBBOCK GRASS FESTIVAL, WHICH WAS HELD IN THE SPRING OF 2022 AND IS ANTICIAPTED TO BE AN ANNUAL EVENT. IN ADDITION TO THAT EVENT, LCAF FACILITATED PROFESSIONAL DEVELOPMENT WORKSHOPS FOR ARTISTS ACROSS ALL CREATIVE GENRES, ORGANIZED MONTHLY ART AFTER HOURS TO CONNECT LOCAL ARTISTS AND PRODUCED MARKETING VIDEOS ABOUT ARTS AND ARTISTS IN LUBBOCK. LUBBOCK EXPERIENCE ALSO ENTERED INTO A LICENSE AGREEMENT WITH THE CITY OF LUBBOCK TO OVERSEE THE CONSTRUCTION OF A CIVIC PARK IN DOWNTOWN LUBBOCK.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE LUBBOCK CULTURAL ARTS FOUNDATION IS OPERATED AS A DBA OF LUBBOCK EXPERIENCE. THE FOUNDATION OBTAINED, FOR THE CITY OF LUBBOCK, THE DESIGNATION OF TEXAS MUSIC FRIENDLY CITY AND TEXAS FILM FRIENDLY DESIGNATION. THE FOUNDATION WILL CULTIVATE, CONNECT AND CHAMPION THE ARTS COMMUNITY IN LUBBOCK, TEXAS.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSFER THE OWNERSHIP OF THE 1970 LUBBOCK TORNADO MEMORIAL TO THE CITY OF LUBBOCK PER THE AGREEMENT SIGNED BETWEEN THE CITY AND LUBBOCK EXPERIENCE.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF LUBBOCK
IRS990ScheduleI/RecipientTable/RecipientEIN0756000590
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01314 AVENUE K
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LUBBOCK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079401
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/Total501c3OrgCnt01
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/BaseCompensationFilingOrgAmt2141534
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt012111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt144020
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0372797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1167975
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110605
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt214879
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt17927
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt028400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN OSBORNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JANA JOHNSTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2STACY KEITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2156413
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0452655
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1230527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LUBBOCK 1970 TORNADO MEMORIAL
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CITY OF LUBBOCK
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02022-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0756000590
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt04462631
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0GOVERNMENTAL ENTITY
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0COST ON BOOKS
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01314 AVE K
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0LUBBOCK
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd079401
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
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/DirectControllingEntityName/BusinessNameLine1Txt0CITY OF LUBBOCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1CITY OF LUBBOCK
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/InvolvedAmt095000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$289,425
Liabilities
$1,200
Net assets
$288,225
Revenue
$325,079
Expenses
$4,717,893
Net income
-$4,392,814
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