Civic Intelligence

Lubbock Angel Network Inc

990EZ • Fiscal year 2018 • EIN 47-2941553

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 15, 2019

7822 Orlando AvenueLubbock, TX 79423

(806) 795-0470

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$41,058

Flat from 2018

Net Assets

Flat

$41,058

Flat from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

Flat

$38,035

Flat from 2018

Expenses

Flat

$39,858

Flat from 2018

Net Income

Flat

-$1,823

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2015: $41,534Net Assets 2015: $41,5342015Assets 2016: $42,310Net Assets 2016: $42,3102016Assets 2017: $42,882Net Assets 2017: $42,8822017Assets 2018: $41,058Net Assets 2018: $41,0582018Assets 2018: $41,058Net Assets 2018: $41,0582018Assets 2019: $35,870Net Assets 2019: $35,8702019Assets 2020: $36,014Liabilities 2020: $3,000Net Assets 2020: $33,0142020Assets 2021: $34,123Net Assets 2021: $34,1232021Assets 2022: $26,968Net Assets 2022: $26,9682022Assets 2023: $10,301Net Assets 2023: $10,3012023Assets 2024: $9,066Net Assets 2024: $9,0662024Assets 2025: $10,361Net Assets 2025: $10,3612025

Highlighted filing

2018

Assets$41,058
Liabilities-
Net Assets$41,058

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2015: $53,517Expenses 2015: $11,983Net Income 2015: $41,5342015Revenue 2016: $54,025Expenses 2016: $53,250Net Income 2016: $7752016Revenue 2017: $44,024Expenses 2017: $43,454Net Income 2017: $5702017Revenue 2018: $38,035Expenses 2018: $39,858Net Income 2018: -$1,8232018Revenue 2018: $38,035Expenses 2018: $39,858Net Income 2018: -$1,8232018Revenue 2019: $33,284Expenses 2019: $38,472Net Income 2019: -$5,1882019Revenue 2020: $11,527Expenses 2020: $14,382Net Income 2020: -$2,8552020Revenue 2021: $25,012Expenses 2021: $23,903Net Income 2021: $1,1092021Revenue 2022: $15,794Expenses 2022: $22,949Net Income 2022: -$7,1552022Revenue 2023: $173Expenses 2023: $16,839Net Income 2023: -$16,6662023Revenue 2024: $10,051Expenses 2024: $11,286Net Income 2024: -$1,2352024Revenue 2025: $11,081Expenses 2025: $9,787Net Income 2025: $1,2942025

Highlighted filing

2018

Revenue$38,035
Expenses$39,858
Net Income-$1,823
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 15, 2019
Return Version
2018v3.1
Gross Receipts
$38,035
Mission and Program Overview

Mission

Act as a facilitator of the ability of early stage companies to meet and interact with accredited investors, established businesses, community leaders and higher education leaders for the purpose of helping said early stage companies to grow and impove the economic health of the lubbock region.

Program Services

DescriptionGrantsExpenses
N/A--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JIM GILBREATHDirector-$0--
GARY GREENSTREETVice Preside-$0--
MIKE MCDOUGALPresident-$0--
KEVIN MCMAHONTreasurer-$0--
ANTHONY PRESLEYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lubbock Angel Network Inc
EIN
47-2941553
Phone
8067950470
Address
7822 ORLANDO AVENUE, LUBBOCK, TX 79423

Signing Officer

Name
Mike Mcdougal
Title
President
Phone
8067950470
Signed
2019-01-15
Discuss with paid preparer
Yes

Preparer

Firm
Mcmahon Vinson & Hubbard Llp
Address
7822 ORLANDO AVE, LUBBOCK, TX 79423-1942
Preparer
Kevin G Mcmahon
Phone
8067950470
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expense 2,311 travel 2,468 food 3,829 conferences 2,555 business insurance 1,130 total 12,293

Form 990-ez, Part II, Line 24

Organizational costs 5,078 5,078 less accumulated amortization 3,047 4,062 total 2,031 1,016

Form 990-ez, Part III

Act as a facilitator of the ability of early stage companies to meet and interact with accredited investors, established businesses, community leaders and higher education leaders for the purpose of helping said early stage companies to grow and impove the economic health of the lubbock region.

Raw XML Appendix113 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LUBBOCK
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IRS990EZ/PrintingPublicationsPostageAmt0875
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalRevenueAmt038035
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 2,311 TRAVEL 2,468 FOOD 3,829 CONFERENCES 2,555 BUSINESS INSURANCE 1,130 TOTAL 12,293
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATIONAL COSTS 5,078 5,078 LESS ACCUMULATED AMORTIZATION 3,047 4,062 TOTAL 2,031 1,016
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACT AS A FACILITATOR OF THE ABILITY OF EARLY STAGE COMPANIES TO MEET AND INTERACT WITH ACCREDITED INVESTORS, ESTABLISHED BUSINESSES, COMMUNITY LEADERS AND HIGHER EDUCATION LEADERS FOR THE PURPOSE OF HELPING SAID EARLY STAGE COMPANIES TO GROW AND IMPOVE THE ECONOMIC HEALTH OF THE LUBBOCK REGION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/PreparerPersonGrp/PhoneNum08067950470
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN G MCMAHON
ReturnHeader/ReturnTs02019-02-04T13:43:22-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings