Civic Intelligence

Lubbock Experience Incorporated

990 • Fiscal year 2023 • EIN 20-8957025

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 20, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

97th percentile

$415,374

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

99th percentile

695%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

617%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$2,302,178

Up $2,012,753 (+695%) from 2022

Net Assets

Up

$2,302,178

Up $2,013,953 (+699%) from 2022

Liabilities

Down

$0

Down $1,200 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin97th percentile

Revenue

Up

$2,331,370

Up $2,006,291 (+617%) from 2022

Expenses

Down

$317,417

Down $4,400,476 (-93%) from 2022

Net Income

Up

$2,013,953

Up $6,406,767 (+146%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2023

Assets$2,302,178
Liabilities$0
Net Assets$2,302,178
Open 2023 Filing

Operations Trend

Revenue Growth98th 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

2023

Revenue$2,331,370
Expenses$317,417
Net Income$2,013,953
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 20, 2024
Return Version
2023v5.1
Gross Receipts
$2,331,370
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$288,102$2,297,656▲ $2,009,554
Land, Buildings, and Equipment, Net$1,323$772▼ $551
Total Assets$289,425$2,302,178▲ $2,012,753
Other Assets Total$0$3,750▲ $3,750
Liabilities
Accounts Payable and Accrued Expenses$1,200$0▼ $1,200
Total Liabilities$1,200$0▼ $1,200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$58,701$2,099,431▲ $2,040,730
Net Assets Without Donor Restrictions$229,524$202,747▼ $26,777
Total Net Assets Fund Balance$288,225$2,302,178▲ $2,013,953
Total Liabilities and Net Assets / Fund Balance$289,425$2,302,178▲ $2,012,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$772$1,989$2,761
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacy KeithExecutive DirectorFT$148,657$15,429$164,086

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$2,264,734
Program Service Revenue
$4,523
Investment Income
$62,113
Other Revenue
$0
All Other Contributions
$108,500
Change in Net Assets
$2,013,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,119
Other Expenses$126,898
Professional Fundraising Fees$14,400
Total Fundraising Expense$14,400
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$148,182$16,464-$164,646
Advertising$77,630--$77,630
Fees for Services Other$18,234--$18,234
Fees for Services Professional Fundraising--$14,400$14,400
Conferences and Meetings$13,659--$13,659
Occupancy$9,291$3,097-$12,388
Payroll Taxes$10,326$1,147-$11,473
Fees for Services Accounting$638$1,912-$2,550
Office Expenses$557$185-$742
Depreciation Depletion$551--$551
Other Expenses$57--$57
Total Functional Expenses$280,212$22,805$14,400$317,417
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$14,400
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
2024-08-20
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
2
Volunteers
35

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/BaseCompensationFilingOrgAmt2148657
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt085706
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt131908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0272166
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1176515
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/DeferredCompensationFlngOrgAmt27441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt110476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt27988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027852
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt19091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt014400
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/TotalCompensationFilingOrgAmt2164086
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0415374
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1227990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
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/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/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/TotalAssetsBOYAmt0289425
IRS990/TotalAssetsEOYAmt02302178
IRS990/TotalAssetsGrp/BOYAmt0289425
IRS990/TotalAssetsGrp/EOYAmt02302178
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02264734
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014400
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022805
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280212
IRS990/TotalFunctionalExpensesGrp/TotalAmt0317417
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01200
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01200

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,302,178
Liabilities
$0
Net assets
$2,302,178
Revenue
$2,331,370
Expenses
$317,417
Net income
$2,013,953
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