Civic Intelligence

Lubbock Angel Network Inc

990EZ • Fiscal year 2022 • EIN 47-2941553

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 29, 2023

Organization ProfileWWW.LUBBOCKANGELNETWORK.COM
7822 Orlando AvenueLubbock, TX 79423

(806) 795-0470

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

9th percentile

-45%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

18th percentile

-21%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-37%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$26,968

Down $7,155 (-21%) from 2021

Net Assets

Down

$26,968

Down $7,155 (-21%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin9th percentile

Revenue

Down

$15,794

Down $9,218 (-37%) from 2021

Expenses

Down

$22,949

Down $954 (-4.0%) from 2021

Net Income

Down

-$7,155

Down $8,264 (-745%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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 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

2022

Assets$26,968
Liabilities-
Net Assets$26,968
Open 2022 Filing

Operations Trend

Revenue Growth8th percentile

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 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

2022

Revenue$15,794
Expenses$22,949
Net Income-$7,155
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 29, 2023
Return Version
2022v5.0
Gross Receipts
$15,794
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--
N/A--
Compensation and Service Providers
Top Officer Pay72nd percentile

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
2023-03-29
Discuss with paid preparer
Yes

Preparer

Firm
Mcmahon Vinson Hubbard & Armstrong 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 1,162 food 1,631 business insurance 1,269 total 4,062”

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 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 Appendix119 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0KEVIN MCMAHON
IRS990EZ/BooksInCareOfDetail/PhoneNum08067950470
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07822 ORLANDO AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LUBBOCK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd079423
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt034123
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt026968
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7155
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt018887
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt034123
IRS990EZ/Form990TotalAssetsGrp/EOYAmt026968
IRS990EZ/GrossReceiptsAmt015794
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt044
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt05750
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt034123
IRS990EZ/NetAssetsOrFundBalancesEOYAmt026968
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt034123
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt026968
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JIM GILBREATH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GARY GREENSTREET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MIKE MCDOUGAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KEVIN MCMAHON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ANTHONY PRESLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt04062
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ACT 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0N/A
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1N/A
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt022949
IRS990EZ/TotalRevenueAmt015794
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.LUBBOCKANGELNETWORK.COM
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 1,162 FOOD 1,631 BUSINESS INSURANCE 1,269 TOTAL 4,062
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATIONAL COSTS 5,078 5,078 LESS ACCUMULATED AMORTIZATION 5,078 5,078 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PPP LOAN 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACT 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/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE MCDOUGAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08067950470
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUBBOCK ANGEL NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0LUBB
ReturnHeader/Filer/EIN0472941553
ReturnHeader/Filer/PhoneNum08067950470
ReturnHeader/Filer/USAddress/AddressLine1Txt07822 ORLANDO AVENUE
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079423
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751226156
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCMAHON VINSON HUBBARD & ARMSTRONG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07822 ORLANDO AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUBBOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0794231942
ReturnHeader/PreparerPersonGrp/PhoneNum08067950470
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN G MCMAHON
ReturnHeader/ReturnTs02023-03-29T16:29:23-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCDOUGAL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,968
Liabilities
-
Net assets
$26,968
Revenue
$15,794
Expenses
$22,949
Net income
-$7,155
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.4$10.4$11.1$9.79$1.29
2024Detailed filing. Detailed filing data is available for this year.$9.07$9.07$10.1$11.3$1.24
2023Detailed filing. Detailed filing data is available for this year.$10.3$10.3$0.17$16.8$16.7
2022Detailed filing. Detailed filing data is available for this year.$27.0$27.0$15.8$22.9$7.16
2021Detailed filing. Detailed filing data is available for this year.$34.1$34.1$25.0$23.9$1.11
2020Detailed filing. Detailed filing data is available for this year.$36.0$3.00$33.0$11.5$14.4$2.86
2019Detailed filing. Detailed filing data is available for this year.$35.9$35.9$33.3$38.5$5.19
2018Detailed filing. Detailed filing data is available for this year.$41.1$41.1$38.0$39.9$1.82
2017Detailed filing. Detailed filing data is available for this year.$42.9$42.9$44.0$43.5$0.57
2016Detailed filing. Detailed filing data is available for this year.$42.3$42.3$54.0$53.3$0.78
2015Detailed filing. Detailed filing data is available for this year.$41.5$41.5$53.5$12.0$41.5