Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Lubbock Angel Network Inc
990EZ • Fiscal year 2019 • EIN 47-2941553
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
17th percentile
Higher net margin than 17% of similar nonprofits.
Top Officer Pay
71st percentile
Higher top officer pay than 71% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Down$35,870
Down $5,188 (-13%) from 2018
Net Assets
Down$35,870
Down $5,188 (-13%) from 2018
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$33,284
Down $4,751 (-12%) from 2018
Expenses
Down$38,472
Down $1,386 (-3.5%) from 2018
Net Income
Down-$5,188
Down $3,365 (-185%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Feb 7, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $33,284
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
| Description | Grants | Expenses |
|---|---|---|
| N/A | - | - |
| N/A | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JIM GILBREATH | Director | - | $0 | - | - |
| GARY GREENSTREET | Vice Preside | - | $0 | - | - |
| MIKE MCDOUGAL | President | - | $0 | - | - |
| KEVIN MCMAHON | Treasurer | - | $0 | - | - |
| ANTHONY PRESLEY | Director | - | $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
- 2020-02-07
- 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 2,503 travel 104 food 3,141 conferences 4,010 business insurance 1,156 total 10,914”
Form 990-ez, Part I, Line 20
“Book / tax depreciation difference 1”
Form 990-ez, Part II, Line 24
“Organizational costs 5,078 5,078 less accumulated amortization 4,062 5,078 total 1,016 0”
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.”
Form 990-ez, Part III, Line 31
“N/A”
Raw XML Appendix126 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KEVIN MCMAHON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8067950470 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 7822 ORLANDO AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LUBBOCK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 79423 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 40041 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 35870 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 10000 |
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| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -5188 |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 35870 |
| IRS990EZ/GrossReceiptsAmt | 0 | 33284 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 34 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 23250 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 41057 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JIM GILBREATH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GARY GREENSTREET |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MIKE MCDOUGAL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KEVIN MCMAHON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ANTHONY PRESLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1016 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 1 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 10914 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 875 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | N/A |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | N/A |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 38472 |
| IRS990EZ/TotalRevenueAmt | 0 | 33284 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.LUBBOCKANGELNETWORK.COM |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE EXPENSE 2,503 TRAVEL 104 FOOD 3,141 CONFERENCES 4,010 BUSINESS INSURANCE 1,156 TOTAL 10,914 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOOK / TAX DEPRECIATION DIFFERENCE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ORGANIZATIONAL COSTS 5,078 5,078 LESS ACCUMULATED AMORTIZATION 4,062 5,078 TOTAL 1,016 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2020-11-06 18:47:13Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MIKE MCDOUGAL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8067950470 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-02-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LUBBOCK ANGEL NETWORK INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LUBB |
| ReturnHeader/Filer/EIN | 0 | 472941553 |
| ReturnHeader/Filer/PhoneNum | 0 | 8067950470 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7822 ORLANDO AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LUBBOCK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 79423 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | ADE4F6F59C84A8FFBE0486692FE2EB00B64902D9 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 382926FD15F77CB5640781C83DFBB5118582DC9C |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 12.176.53.146 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-02-10 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 11:23:55 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 751226156 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MCMAHON VINSON & HUBBARD LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7822 ORLANDO AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LUBBOCK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 794231942 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8067950470 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-02-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KEVIN G MCMAHON |
| ReturnHeader/ReturnTs | 0 | 2020-02-10T11:23:55-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $35,870
- Liabilities
- -
- Net assets
- $35,870
- Revenue
- $33,284
- Expenses
- $38,472
- Net income
- -$5,188