Skip to content
Nonprofiteer
← LUBBOCK EXPERIENCE INCORPORATED

Form 990 for tax year 2024

Filed by LUBBOCK EXPERIENCE INCORPORATED.

Totals

Total revenue
$378,172
Total expenses
$346,337
Contributions and grants received
$282,929
Grants paid
$47,399
Program service revenue
$97
Investment income
$95,146
Other revenue
$0
Total assets, end of year
$2,334,013
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,334,013
Program services expenses (Part IX)
$303,874
Management and general expenses
$28,103
Fundraising expenses
$14,360
Program service expenses (Part III)
$303,874

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $75,000

  • 1e · Government grants (contributions)

    $80,250

  • 1f · All other contributions, gifts and grants

    $127,679

  • 2a · Program service revenue: FILM FRIENDLY INCOME

    total $97 · related or exempt $97

  • 3 · Investment income

    total $95,146 · excluded $95,146

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,399 · program services $47,399

  • 5 · Compensation of officers, directors and key employees

    total $171,945 · program services $150,662 · management and general $21,283

  • 7 · Other salaries and wages

    total $4,112 · program services $4,112

  • 10 · Payroll taxes

    total $11,760 · program services $10,584 · management and general $1,176

  • 11c · Fees: accounting

    total $2,050 · program services $513 · management and general $1,537

  • 11e · Fees: professional fundraising services

    total $14,360 · fundraising $14,360

  • 11g · Fees: other

    total $14,959 · program services $14,959

  • 12 · Advertising and promotion

    total $36,185 · program services $36,185

  • 13 · Office expenses

    total $741 · program services $556 · management and general $185

  • 16 · Occupancy

    total $14,780 · program services $11,085 · management and general $3,695

  • 19 · Conferences, conventions and meetings

    total $25,590 · program services $25,590

  • 22 · Depreciation, depletion and amortization

    total $551 · program services $551

  • 24a · Other expenses: TRAINING

    total $908 · program services $681 · management and general $227

  • 24b · Other expenses: PROFESSIONAL DUES

    total $372 · program services $372

  • 24c · Other expenses: SUPPLIES

    total $352 · program services $352

  • 24d · Other expenses: MISCELLANEOUS

    total $273 · program services $273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,297,656 · end of year $2,331,292

  • 10a · Land, buildings and equipment: cost or other basis

    $2,761

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,540

  • 10c · Land, buildings and equipment, net

    beginning of year $772 · end of year $221

  • 15 · Other assets

    beginning of year $3,750 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $202,747 · end of year $209,844

  • 28 · Net assets with donor restrictions

    beginning of year $2,099,431 · end of year $2,124,169

Mission and programs · 2024

Mission

SEEK FUNDING THROUGH PRIVATE CONTRIBUTIONS, SPONSORSHIPS AND APPLY FOR LOCAL, STATE AND NATIONAL GRANTS TO 1) SUPPORT INCREASED PARTICIPATION IN AMATEUR SPORTING EVENTS, 2) ASSIST AND SUPPORT EDUCATIONAL OPPORTUNITIES AND CONFERENCES IN THE COMMUNITY, 3) ASSIST IN SUPPORT OF HISTORIC PRESERVATION AND CULTURAL HERITAGE, AND 4) SUPPORT QUALIFYING ACTIVITIES RELATED TO VISITOR INFORMATION CENTERS IN SUPPORT OF THE LUBBOCK COMMUNITY AND WEST TEXAS AREA.

Activities or mission (Part I)

TO SUPPORT AND GROW THE LUBBOCK COMMUNITY AND WEST TEXAS AREA.

  • IN 2024 LUBBOCK EXPERIENCE, INC AND ITS DBA LUBBOCK CULTURAL ARTS FOUNDATION (LCAF) GREW THE MISSION OF THE ORGANIZATION. LCAF WAS SUCCESSFUL IN OBTAINING SEVERAL SMALL GRANTS THAT ALLOWEDFOR THE CONTINUATION OF BUFFALO GRASS FEST, ARTS AFTER HOURS AND "GETTING THE GIG" EDUCATIONAL SEMINARS FOR LOCAL MUSICIANS. LCAF SERVES AS THE REGIONAL OFFICE FOR THE 8 MUSIC FRIENDLY CITIES IN THE WEST TEXAS AREA AND WAS SELECTED TO HOST THE STATEWIDE SOUNDS & CITIES CONFERENCE IN NOVEMBER, 2024. LCAF ALSO MANAGES THE FILM FRIENDLY AND DIGITAL FRIENDLY DESIGNATIONS FOR THE CITY OF LUBBOCK. LUBBOCK EXPERIENCE CONTINUES TO PROVIDE ASSISTANCE TO THE LUBBOCK DOWNTOWN TIF AND THE CITY OF LUBBOCK TO OVERSEE THE FUNDS RAISE FOR THE CONSTRUCTION OF A CIVIC PARK IN DOWNTOWN LUBBOCK.

    Expenses $303,874 · Grants $47,399 · Revenue $97

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Conwright

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • John Osborne

    PRESIDENT

    Total calculated
    $416,432
    From this org
    $0
    From related orgs
    $378,509
    Other
    $37,923
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,930 related
    Bonus
    $0 + $82,179 related
    Other
    $0 + $14,400 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $21,423 related
    Filer's total
    $0 + $416,432 related

  • Jana Johnston

    SECRETARY/TREASURER

    Total calculated
    $236,183
    From this org
    $0
    From related orgs
    $215,675
    Other
    $20,508
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,250 related
    Bonus
    $0 + $30,425 related
    Other
    $0
    Deferred
    $0 + $10,784 related
    Nontaxable benefits
    $0 + $9,724 related
    Filer's total
    $0 + $236,183 related

  • Stacy Keith

    EXECUTIVE DIRECTOR

    Total calculated
    $171,946
    From this org
    $150,662
    From related orgs
    $0
    Other
    $21,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,662
    Bonus
    $0
    Other
    $0
    Deferred
    $7,740
    Nontaxable benefits
    $13,544
    Filer's total
    $171,946

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CITY OF LUBBOCK

    $47,399

    TRANSFER FUNDS TO THE CITY OF LUBBOCK TO BE USED FOR THE MAINTENANCE AND UPKEEP OF THE 1970 TORNADO MEMORIAL.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
27 June 2025
IRS schema version
2024v5.2
Source object
202541899349300624

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.