Civic Intelligence

Lubbock Impact Inc.

990 • Fiscal year 2019 • EIN 26-1607120

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

2707 34th StreetLubbock, TX 79410-3521

(806) 799-4329

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$52,500

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

107%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,590,477

Up $230,466 (+17%) from 2018

Net Assets

Up

$1,588,624

Up $230,862 (+17%) from 2018

Liabilities

Down

$1,853

Down $396 (-18%) from 2018

Revenue

Up

$608,685

Up $314,163 (+107%) from 2018

Expenses

Up

$377,823

Up $43,369 (+13%) from 2018

Net Income

Up

$230,862

Up $270,794 (+678%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,347,135Liabilities 2010: $199Net Assets 2010: $1,346,9362010Assets 2011: $1,607,030Liabilities 2011: $207Net Assets 2011: $1,606,8232011Assets 2012: $1,619,318Liabilities 2012: $1,930Net Assets 2012: $1,617,3882012Assets 2013: $1,610,821Liabilities 2013: $2,028Net Assets 2013: $1,608,7932013Assets 2014: $1,570,401Liabilities 2014: $827Net Assets 2014: $1,569,5742014Assets 2015: $1,569,559Liabilities 2015: $938Net Assets 2015: $1,568,6212015Assets 2016: $1,511,908Liabilities 2016: $942Net Assets 2016: $1,510,9662016Assets 2017: $1,398,828Liabilities 2017: $1,134Net Assets 2017: $1,397,6942017Assets 2018: $1,360,011Liabilities 2018: $2,249Net Assets 2018: $1,357,7622018Assets 2019: $1,590,477Liabilities 2019: $1,853Net Assets 2019: $1,588,6242019Assets 2020: $1,861,726Liabilities 2020: $1,245Net Assets 2020: $1,860,4812020Assets 2021: $1,945,682Liabilities 2021: $3,321Net Assets 2021: $1,942,3612021Assets 2022: $2,041,311Liabilities 2022: $16,710Net Assets 2022: $2,024,6012022Assets 2023: $2,110,407Liabilities 2023: $37,342Net Assets 2023: $2,073,0652023Assets 2024: $2,645,971Liabilities 2024: $27,499Net Assets 2024: $2,618,4722024

Highlighted filing

2019

Assets$1,590,477
Liabilities$1,853
Net Assets$1,588,624

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $300,8512010Expenses 2011: $306,4872011Expenses 2012: $192,9372012Revenue 2013: $193,779Expenses 2013: $202,374Net Income 2013: -$8,5952013Revenue 2014: $204,953Expenses 2014: $244,172Net Income 2014: -$39,2192014Revenue 2015: $236,903Expenses 2015: $237,856Net Income 2015: -$9532015Revenue 2016: $189,357Expenses 2016: $247,012Net Income 2016: -$57,6552016Revenue 2017: $146,666Expenses 2017: $259,938Net Income 2017: -$113,2722017Revenue 2018: $294,522Expenses 2018: $334,454Net Income 2018: -$39,9322018Revenue 2019: $608,685Expenses 2019: $377,823Net Income 2019: $230,8622019Revenue 2020: $648,186Expenses 2020: $376,329Net Income 2020: $271,8572020Revenue 2021: $489,075Expenses 2021: $407,195Net Income 2021: $81,8802021Revenue 2022: $593,139Expenses 2022: $510,899Net Income 2022: $82,2402022Revenue 2023: $619,879Expenses 2023: $571,415Net Income 2023: $48,4642023Revenue 2024: $1,084,407Expenses 2024: $594,124Net Income 2024: $490,2832024

Highlighted filing

2019

Revenue$608,685
Expenses$377,823
Net Income$230,862
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$615,324
Mission and Program Overview

Mission

To support the residents of lubbock who are in a difficult economic situation. We provide food, clothing and medical care in order to help an individual start making steps toward moving out of poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,169,900$1,300,475▲ $130,575
Cash and Non-Interest-Bearing Accounts$190,111$290,002▲ $99,891
Total Assets$1,360,011$1,590,477▲ $230,466
Liabilities
Accounts Payable and Accrued Expenses$2,249$1,853▼ $396
Total Liabilities$2,249$1,853▼ $396
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,357,762$1,588,624▲ $230,862
Total Net Assets Fund Balance$1,357,762$1,588,624▲ $230,862
Total Liabilities and Net Assets / Fund Balance$1,360,011$1,590,477▲ $230,466

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$850,663$219,017$1,069,680
Land$392,000-$392,000
Equipment$57,812$96,503$154,315
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rory ThomasExecutive DirectorFT$50,000$2,500$52,500

Highest Paid Contractors

ContractorServicesLocationCompensation
J Ferg ProsInstallation Of New Roof11513 HWY 62/82, Wolfforth, TX 79382$453,691
Revenue and Support

Revenue Composition

Contributions and Grants
$582,539
Program Service Revenue
$0
Investment Income
$6,207
Other Revenue
$19,939
All Other Contributions
$582,539
Change in Net Assets
$230,862

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$58,709Fair Value
Other Non Cash Contri Table1$25,359Fair Value
Total Noncash Contributions2$84,068-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,785
Salaries, Compensation, and Employee Benefits$103,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$111,793$5,884-$117,677
Current Officers, Directors, Trustees, and Key Employees$49,875$2,625-$52,500
Depreciation Depletion$44,912$1,874-$46,786
Other Salaries and Wages$41,325$2,175-$43,500
Fees for Services Other$19,760$1,040-$20,800
Office Expenses$18,947$997-$19,944
Payroll Taxes$6,686$352-$7,038
Fees for Services Accounting$1,971$104-$2,075
Travel$511$27-$538
Other Expenses$238$13-$251
All Other Expenses$197--$197
Total Functional Expenses$362,732$15,091$0$377,823
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,978
Fundraising Direct Expenses$6,639
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
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available for viewing by the public at the organization's offices at 2707 34th st, lubbock, tx.

Filing and Contact Details

Filer

Filer Name
Lubbock Impact Inc
EIN
26-1607120
Phone
8067994329
Address
2707 34TH STREET, LUBBOCK, TX 79410-3521

Signing Officer

Name
Jason Pace
Title
Chairman of the Board
Phone
8067994329
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Pace
Formed
2007
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
3,650

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/ActivityOrMissionDesc0TO SUPPORT THE RESIDENTS OF LUBBOCK WHO ARE IN A DIFFICULT ECONOMIC SITUATION. WE PROVIDE FOOD, CLOTHING AND MEDICAL CARE IN ORDER TO HELP AN INDIVIDUAL START MAKING STEPS TOWARD MOVING OUT OF POVERTY.
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT THE RESIDENTS OF LUBBOCK WHO ARE IN A DIFFICULT ECONOMIC SITUATION. WE PROVIDE FOOD, CLOTHING AND MEDICAL CARE IN ORDER TO HELP AN INDIVIDUAL START MAKING STEPS TOWARD MOVING OUT OF POVERTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01357762
IRS990/NetAssetsOrFundBalancesEOYAmt01588624
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04339
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04339
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt015600
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015600
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01357762
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01588624
IRS990/NoncashContributionsAmt084068
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05884
IRS990/OccupancyGrp/ProgramServicesAmt0111793
IRS990/OccupancyGrp/TotalAmt0117677
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0997
IRS990/OfficeExpensesGrp/ProgramServicesAmt018947
IRS990/OfficeExpensesGrp/TotalAmt019944
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FOOD AND CLOTHING
IRS990/OtherExpensesGrp/Desc1MEDICAL EXPENSES
IRS990/OtherExpensesGrp/Desc2DENTAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013
IRS990/OtherExpensesGrp/ProgramServicesAmt045686
IRS990/OtherExpensesGrp/ProgramServicesAmt114879
IRS990/OtherExpensesGrp/ProgramServicesAmt25952
IRS990/OtherExpensesGrp/ProgramServicesAmt3238
IRS990/OtherExpensesGrp/TotalAmt045686
IRS990/OtherExpensesGrp/TotalAmt114879
IRS990/OtherExpensesGrp/TotalAmt25952
IRS990/OtherExpensesGrp/TotalAmt3251
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02175
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041325
IRS990/OtherSalariesAndWagesGrp/TotalAmt043500
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0352
IRS990/PayrollTaxesGrp/ProgramServicesAmt06686
IRS990/PayrollTaxesGrp/TotalAmt07038
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JASON PACE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0280520
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02002
IRS990/PYOtherExpensesAmt0230541
IRS990/PYOtherRevenueAmt012000
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-39932
IRS990/PYSalariesCompEmpBnftPaidAmt0103913
IRS990/PYTotalExpensesAmt0334454
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0294522
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0230862
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt015600
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0582539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0280520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0149677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0165941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0206330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01385007
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021806
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012989
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt030573
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0102786
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010978
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010978
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77720
IRS990ScheduleA/PublicSupportPY170Pct00.70820
IRS990ScheduleA/PublicSupportTotal170Amt01164833
IRS990ScheduleA/SubstantialContributorsTotAmt0220174
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0582539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0280520
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0149677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0165941
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0206330
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01385007
IRS990ScheduleA/TotalSupportAmt01498771
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/BuildingsGrp/BookValueAmt0850663
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0219017
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01069680
IRS990ScheduleD/EquipmentGrp/BookValueAmt057812
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096503
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0154315
IRS990ScheduleD/LandGrp/BookValueAmt0392000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0392000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01300475
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0ROOFING SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1AIR CONDITIONERS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt058709
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt125359
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICES AT 2707 34TH ST, LUBBOCK, TX.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01360011
IRS990/TotalAssetsEOYAmt01590477
IRS990/TotalAssetsGrp/BOYAmt01360011
IRS990/TotalAssetsGrp/EOYAmt01590477
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0582539
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.65$0.03$2.62$1.08$0.59$0.49
2023Detailed filing. Detailed filing data is available for this year.$2.11$0.04$2.07$0.62$0.57$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.04$0.02$2.02$0.59$0.51$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.94$0.49$0.41$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.65$0.38$0.27
2019Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.61$0.38$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.29$0.33$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.15$0.26$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.19$0.25$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.24$0.24$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.20$0.24$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.19$0.20$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.00$1.62$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$0.30