Liabilities / Assets
70th percentile
Higher debt load relative to assets than 70% of similar nonprofits.
Lubbock Angel Network Inc
990EZ • Fiscal year 2020 • EIN 47-2941553
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
70th percentile
Higher top officer pay than 70% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
46th percentile
Faster asset growth than 46% of similar nonprofits.
Revenue Growth
12th percentile
Faster revenue growth than 12% of similar nonprofits.
Balance Sheet
Assets
Up$36,014
Up $144 (+0.4%) from 2019
Net Assets
Down$33,014
Down $2,856 (-8.0%) from 2019
Liabilities
$3,000
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$11,527
Down $21,757 (-65%) from 2019
Expenses
Down$14,382
Down $24,090 (-63%) from 2019
Net Income
Up-$2,855
Up $2,333 (+45%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Feb 23, 2001
- Return Version
- 2020v4.0
- Gross Receipts
- $11,527
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
- 2001-02-23
- 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 594 travel 200 food 948 conferences 995 business insurance 1,195 total 3,932”
Form 990-ez, Part II, Line 24
“Organizational costs 5,078 5,078 less accumulated amortization 5,078 5,078 total 0 0”
Form 990-ez, Part II, Line 26
“PPP LOAN 0 3,000”
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 Appendix124 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.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | JIM GILBREATH |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | GARY GREENSTREET |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | MIKE MCDOUGAL |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | KEVIN MCMAHON |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 4 | ANTHONY PRESLEY |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| 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 | 35869 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 36014 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 10000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2855 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 9455 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 35869 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 36014 |
| IRS990EZ/GrossReceiptsAmt | 0 | 11527 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 27 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 1500 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 35869 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 33014 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 35869 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 33014 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| 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/OtherExpensesTotalAmt | 0 | 3932 |
| 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 | 995 |
| 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/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 14382 |
| IRS990EZ/TotalRevenueAmt | 0 | 11527 |
| 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 594 TRAVEL 200 FOOD 948 CONFERENCES 995 BUSINESS INSURANCE 1,195 TOTAL 3,932 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ORGANIZATIONAL COSTS 5,078 5,078 LESS ACCUMULATED AMORTIZATION 5,078 5,078 TOTAL 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PPP LOAN 0 3,000 |
| 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 II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| 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 | 2001-02-23 |
| 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/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 | 2021-02-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KEVIN G MCMAHON |
| ReturnHeader/ReturnTs | 0 | 2021-02-24T13:19:22-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MICHAEL |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MCDOUGAL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $36,014
- Liabilities
- $3,000
- Net assets
- $33,014
- Revenue
- $11,527
- Expenses
- $14,382
- Net income
- -$2,855