Civic Intelligence

Lubbock Christian University

990 • Fiscal year 2014 • EIN 75-0950119

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 12, 2015

5601 West 19th Street79407

(806) 720-7313

Siviq Scores

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

Liabilities / Assets

51st percentile

0.33x

Higher debt load relative to assets than 51% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

0.58x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$304,683

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

59th percentile

7.3%

Faster asset growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$76,090,869

Up $5,168,186 (+7.3%) from 2013

Net Assets

Up

$51,229,780

Up $5,337,391 (+12%) from 2013

Liabilities

Down

$24,861,089

Down $169,205 (-0.7%) from 2013

Revenue

$42,720,264

No earlier filing loaded for comparison.

Expenses

Up

$37,382,873

Up $862,137 (+2.4%) from 2013

Net Income

$5,337,391

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $64,305,812Liabilities 2010: $26,314,635Net Assets 2010: $37,991,1772010Assets 2011: $69,815,409Liabilities 2011: $26,047,644Net Assets 2011: $43,767,7652011Assets 2012: $69,898,443Liabilities 2012: $25,678,236Net Assets 2012: $44,220,2072012Assets 2013: $70,922,683Liabilities 2013: $25,030,294Net Assets 2013: $45,892,3892013Assets 2014: $76,090,869Liabilities 2014: $24,861,089Net Assets 2014: $51,229,7802014Assets 2015: $84,536,495Liabilities 2015: $24,722,617Net Assets 2015: $59,813,8782015Assets 2016: $88,658,690Liabilities 2016: $23,782,344Net Assets 2016: $64,876,3462016Assets 2017: $97,949,432Liabilities 2017: $26,339,694Net Assets 2017: $71,609,7382017Assets 2018: $99,174,542Liabilities 2018: $25,030,275Net Assets 2018: $74,144,2672018Assets 2019: $106,659,922Liabilities 2019: $24,885,808Net Assets 2019: $81,774,1142019Assets 2021: $116,848,538Liabilities 2021: $22,223,321Net Assets 2021: $94,625,2172021Assets 2022: $113,132,828Liabilities 2022: $20,938,577Net Assets 2022: $92,194,2512022Assets 2023: $127,953,668Liabilities 2023: $28,719,345Net Assets 2023: $99,234,3232023Assets 2024: $148,428,762Liabilities 2024: $31,097,624Net Assets 2024: $117,331,1382024

Highlighted filing

2014

Assets$76,090,869
Liabilities$24,861,089
Net Assets$51,229,780

Operations Trend

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

$80M$60M$40M$20M$0Expenses 2010: $29,854,0742010Expenses 2011: $32,468,6352011Expenses 2012: $34,150,6012012Expenses 2013: $36,520,7362013Revenue 2014: $42,720,264Expenses 2014: $37,382,873Net Income 2014: $5,337,3912014Revenue 2015: $48,255,526Expenses 2015: $39,671,428Net Income 2015: $8,584,0982015Revenue 2016: $46,203,317Expenses 2016: $41,140,849Net Income 2016: $5,062,4682016Revenue 2017: $49,628,153Expenses 2017: $42,894,761Net Income 2017: $6,733,3922017Revenue 2018: $46,133,851Expenses 2018: $43,599,322Net Income 2018: $2,534,5292018Revenue 2019: $54,957,813Expenses 2019: $47,327,966Net Income 2019: $7,629,8472019Revenue 2021: $50,530,444Expenses 2021: $46,497,773Net Income 2021: $4,032,6712021Revenue 2022: $52,856,986Expenses 2022: $50,597,573Net Income 2022: $2,259,4132022Revenue 2023: $53,289,778Expenses 2023: $49,271,252Net Income 2023: $4,018,5262023Revenue 2024: $66,504,462Expenses 2024: $52,692,383Net Income 2024: $13,812,0792024

Highlighted filing

2014

Revenue$42,720,264
Expenses$37,382,873
Net Income$5,337,391
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 12, 2015
Return Version
2013v4.0
Gross Receipts
$42,830,907
Mission and Program Overview

Mission

The mission of LCU is to educate students, imparting values for scholarship and for living. Through its baccalaureate and graduate programs, the university challenges students to think critically, to excel in their disciplines, and to model Christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,321,392$40,202,361▼ $119,031
Investments in Publicly Traded Securities$5,571,495$7,300,607▲ $1,729,112
Cash and Non-Interest-Bearing Accounts$5,655,156$6,269,153▲ $613,997
Accounts Receivable$3,924,774$4,143,641▲ $218,867
Other Notes and Loans Receivable, Net$1,952,819$2,057,266▲ $104,447
Prepaid Expenses and Deferred Charges$232,779$203,143▼ $29,636
Inventories for Sale or Use$71,213$74,990▲ $3,777
Pledges and Grants Receivable$9,014$0▼ $9,014
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$70,922,683$76,090,869▲ $5,168,186
Other Assets Total$13,184,041$15,839,708▲ $2,655,667
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,494,895$22,049,895▼ $445,000
Accounts Payable and Accrued Expenses$2,117,365$2,414,910▲ $297,545
Other Liabilities$418,034$396,284▼ $21,750
Total Liabilities$25,030,294$24,861,089▼ $169,205
Net Assets / Fund Balance
Unrestricted Net Assets$31,611,426$32,562,850▲ $951,424
Temporarily Rstr Net Assets$5,672,406$9,792,508▲ $4,120,102
Permanently Rstr Net Assets$8,608,557$8,874,422▲ $265,865
Total Net Assets Fund Balance$45,892,389$51,229,780▲ $5,337,391
Total Liabilities and Net Assets / Fund Balance$70,922,683$76,090,869▲ $5,168,186

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,526,583$17,004,611$46,896,081
Equipment$901,482$8,053,189$8,954,671
Other Land Buildings$3,820,346$2,459,849$6,280,195
Land$1,953,950-$1,953,950
Other Assets Org$4,741,819--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$8,177,327$278,274--$8,455,601
2012$7,726,632$450,695--$8,177,327
2011$7,394,061$332,571--$7,726,632
2010$7,250,371$143,690--$7,394,061
2009$310,404---$7,250,371
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
L Timothy PerrinPresident-$300,000$4,683$304,683
Dr KEN JONESChancellor-$170,100$9,987$180,087
Dr Jeffrey D SmithCampus PhysicianFT$146,006$10,523$156,529
David PruettFound. Pres.FT$117,834$8,336$126,170
Dr Brian StarrExec. VPFT$106,080$11,588$117,668
Dr Rod BlackwoodProvostFT$105,300$11,436$116,736
Julie MarshallFacultyFT$106,101$5,632$111,733

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hearon ElectricConstruction-$198,269
ThyssenKrupp Elevator CorpConstruction-$117,388
-Construction-$114,251
-Construction-$105,373
Revenue and Support

Revenue Composition

Contributions and Grants
$5,080,428
Program Service Revenue
$31,516,335
Investment Income
$3,285,503
Other Revenue
$2,837,998
All Other Contributions
$4,648,935
Change in Net Assets
$5,337,391

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
Real Estate Residential1$93,000Sales Price
Other Non Cash Contri Table1$657Check to caterer
Total Noncash Contributions2$93,657-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,554,821
Other Expenses$11,216,573
Grants and Similar Amounts Paid$7,611,479
Total Fundraising Expense$747,657
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,781,994--$14,781,994
Grants to Domestic Individuals$7,207,777--$7,207,777
Travel$2,350,017--$2,350,017
Depreciation Depletion$1,797,678--$1,797,678
Current Officers, Directors, Trustees, and Key Employees$323,937$555,865$503,650$1,383,452
Interest$1,080,308--$1,080,308
Payroll Taxes$1,066,579--$1,066,579
Other Employee Benefits$956,329--$956,329
Information Technology$891,449--$891,449
Other Expenses$454,818--$454,818
Foreign Grants$403,702--$403,702
Pension Plan Contributions$366,467--$366,467
Insurance$363,295--$363,295
Advertising$294,779--$294,779
Office Expenses$184,239--$184,239
Conferences and Meetings$101,249--$101,249
Fees for Services Accounting-$76,810-$76,810
Fees for Services Legal-$14,595-$14,595
All Other Expenses$-4,256,588$4,012,581$244,007$0
Total Functional Expenses$31,975,365$4,659,851$747,657$37,382,873
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Al RobertsTrusteeEmploy LCU Foundat.No-
Don McKeeFamily TrusEmployeeNo-
Eldon SchoolcraftTrusteeSubcontractorNo-
Eldon SchoolcraftTrusteeBusinessNo-
Kenneth StephensonTrusteeLCU PhysicianNo-
Kenneth StephensonTrusteeBusinessNo-
Kenneth StevensonFamily of TrusteeEmployeeNo-
Linda GaitherTrusteeReal EstateNo-
Linda GaitherTrusteeShareholder at BankNo-
Melisa RobertsFamily TrusEmployeeNo-
Neil BaldridgeFamily TrusEmployeeNo-
Neil BaldridgeTrusteeSecurity Group DirecNo-
William BundyFamily TrusEmployeeNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Actuarial Liability for Annuities$396,284

Bond Issues

BondIssuerIssuedIssue PricePurpose
A75-28173122007-10-01$22,224,116Cap imp & debt retirement

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,555,000-$12,411,386$429,694
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 was presented and reviewed at the Board of Trustees meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

xxxxxx

Filing and Contact Details

Filer

EIN
75-0950119
Phone
8067207313

Signing Officer

Name
Rory Waide
Title
VP of Financial Affa
Signed
2015-02-12
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
22
Independent Board Members
22
Employees
1,122

Preparer

Preparer
Eric Miller
Phone
8067949955
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Other

Page 5, Part V, 7G

The School did not receive any contributions of qualified intellectual property, therefore they were not required to file From 8899.

Raw XML AppendixShowing 400 of 1,016 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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IRS990/Form990PartVIISectionAGrp/PersonNm1SAM BEARD
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM BUNDY
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES CARDWELL
IRS990/Form990PartVIISectionAGrp/PersonNm4TERRY CREECH
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE DEANS
IRS990/Form990PartVIISectionAGrp/PersonNm6AGNES DENT
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IRS990/Form990PartVIISectionAGrp/PersonNm10ROYCE HUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm11PATTI PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm12JERRY HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm13LOWELL JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm14AL ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm15GEORGE LAMBERTH
IRS990/Form990PartVIISectionAGrp/PersonNm16WARD LANE
IRS990/Form990PartVIISectionAGrp/PersonNm17TIM LESLIE
IRS990/Form990PartVIISectionAGrp/PersonNm18ELDON SCHOOLCRAFT
IRS990/Form990PartVIISectionAGrp/PersonNm19RAY WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm20DON McKEE
IRS990/Form990PartVIISectionAGrp/PersonNm21JIMMY MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm22JW HAMBY
IRS990/Form990PartVIISectionAGrp/PersonNm23LINDA GAITHER
IRS990/Form990PartVIISectionAGrp/PersonNm24MELISA ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm25KEN STEPHENSON
IRS990/Form990PartVIISectionAGrp/PersonNm26DAVID STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm27SHARYN WEBB
IRS990/Form990PartVIISectionAGrp/PersonNm28MIKE WISCHKAEMPER
IRS990/Form990PartVIISectionAGrp/PersonNm29Dr KEN JONES
IRS990/Form990PartVIISectionAGrp/PersonNm30L TIMOTHY PERRIN
IRS990/Form990PartVIISectionAGrp/PersonNm31DAVID PRUETT
IRS990/Form990PartVIISectionAGrp/PersonNm32DR JEFFREY D SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm33JULIE MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm34DR BRIAN STARR
IRS990/Form990PartVIISectionAGrp/PersonNm35DR ROD BLACKWOOD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$148$31.1$117$66.5$52.7$13.8
2023Detailed filing. Detailed filing data is available for this year.$128$28.7$99.2$53.3$49.3$4.02
2022Detailed filing. Detailed filing data is available for this year.$113$20.9$92.2$52.9$50.6$2.26
2021Detailed filing. Detailed filing data is available for this year.$117$22.2$94.6$50.5$46.5$4.03
2019Detailed filing. Detailed filing data is available for this year.$107$24.9$81.8$55.0$47.3$7.63
2018Detailed filing. Detailed filing data is available for this year.$99.2$25.0$74.1$46.1$43.6$2.53
2017Detailed filing. Detailed filing data is available for this year.$97.9$26.3$71.6$49.6$42.9$6.73
2016Detailed filing. Detailed filing data is available for this year.$88.7$23.8$64.9$46.2$41.1$5.06
2015Detailed filing. Detailed filing data is available for this year.$84.5$24.7$59.8$48.3$39.7$8.58
2014Detailed filing. Detailed filing data is available for this year.$76.1$24.9$51.2$42.7$37.4$5.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.9$25.0$45.9$36.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.9$25.7$44.2$34.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.8$26.0$43.8$32.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.3$26.3$38.0$29.9