Skip to content
Nonprofiteer
← LUBBOCK CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by LUBBOCK CHAMBER OF COMMERCE.

Totals

Total revenue
$1,892,350
Total expenses
$1,744,838
Contributions and grants received
$1,119,401
Grants paid
$0
Program service revenue
$767,588
Investment income
$1,361
Other revenue
$4,000
Total assets, end of year
$1,521,683
Total liabilities, end of year
$418,326
Net assets or fund balances, end of year
$1,103,357
Program services expenses (Part IX)
$347,422
Management and general expenses
$1,393,530
Fundraising expenses
$0
Program service expenses (Part III)
$347,422

Program services were 19.9% 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.

  • 1a · Federated campaigns

    $1,119,401

  • 2a · Program service revenue: ADMINISTRATIVE DIVISION

    total $45,515 · related or exempt $45,515

  • 2b · Program service revenue: BUSINESS DEVELOPMENT

    total $244,535 · related or exempt $244,535

  • 2c · Program service revenue: COMMUNICATIONS DIVISION

    total $60,120 · related or exempt $60,120

  • 2d · Program service revenue: COMMUNITY RELATIONS

    total $271,112 · related or exempt $271,112

  • 2e · Program service revenue: GOVERNMENT RELATIONS

    total $112,196 · related or exempt $112,196

  • 2f · All other program service revenue

    total $34,110 · related or exempt $34,110

  • 3 · Investment income

    total $1,361 · related or exempt $1,361

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: GAIN ON SALE OF ARTWORK

    total $4,000 · related or exempt $4,000

  • 11e · Other revenue, total

    $4,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $215,700 · management and general $215,700

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $626,098 · management and general $626,098

  • 8 · Pension plan contributions

    total $8,343 · management and general $8,343

  • 9 · Other employee benefits

    total $67,047 · management and general $67,047

  • 10 · Payroll taxes

    total $73,066 · management and general $73,066

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,026 · management and general $2,026

  • 11c · Fees: accounting

    total $15,850 · management and general $15,850

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $17,751 · management and general $17,751

  • 14 · Information technology

    total $20,929 · management and general $20,929

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $166,194 · management and general $166,194

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,886

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,695 · management and general $4,695

  • 23 · Insurance

    total $13,038 · management and general $13,038

  • 24a · Other expenses: GOVERNMENT RELATIONS

    total $101,368 · program services $101,368

  • 24b · Other expenses: COMMUNITY RELATIONS

    total $98,456 · program services $98,456

  • 24c · Other expenses: BUSINESS DEVELOPMENT

    total $74,277 · program services $74,277

  • 24d · Other expenses: ADMINISTRATIVE DIVISION

    total $54,382 · program services $54,382

  • 24e · All other expenses

    total $181,732 · program services $18,939 · management and general $162,793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,059,484 · end of year $1,242,630

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $68,029 · end of year $13,821

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,759 · end of year $5,235

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

    $53,256

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

    $30,245

  • 10c · Land, buildings and equipment, net

    beginning of year $9,491 · end of year $23,011

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $236,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,918 · end of year $32,336

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $149,004

  • 25 · Other liabilities

    end of year $236,986

  • 27 · Net assets without donor restrictions

    beginning of year $926,854 · end of year $1,069,375

  • 28 · Net assets with donor restrictions

    beginning of year $28,991 · end of year $33,982

Mission and programs · 2022

Mission

THE LUBBOCK CHAMBER OF COMMERCE PROVIDES PROMOTION OF BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT AS WELL AS PRESERVING THE COMPETITIVE BUSINESS ENTERPRISE SYSTEM IN THE LUBBOCK AND SURROUNDING AREA.

  • THE LUBBOCK CHAMBER OF COMMERCE PROVIDES PROMOTION OF BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT AS WELL AS PRESERVING THE COMPETITIVE BUSINESS ENTERPRISE SYSTEM IN LUBBOCK AND THE SURROUNDING AREA.

    Expenses $347,422 · Revenue $767,588

As filed on the 2022 return.

Listed in Part VII

  • Jeremy L Barbee

    Director

    Total calculated
    $0
    Hours/week
    2
  • Maridel Acosta-Cruz

    Director

    Total calculated
    $0
    Hours/week
    2
  • Greg Ammons

    Director

    Total calculated
    $0
    Hours/week
    2
  • Travis Barnett

    Director

    Total calculated
    $0
    Hours/week
    2
  • Bud Holmes

    Director

    Total calculated
    $0
    Hours/week
    2
  • Keith Bryant

    Director

    Total calculated
    $0
    Hours/week
    2
  • Fernando Bustos

    Director

    Total calculated
    $0
    Hours/week
    2
  • Chris Berry

    Director

    Total calculated
    $0
    Hours/week
    2
  • Mark Funderburk

    Director

    Total calculated
    $0
    Hours/week
    2
  • Elizabeth Hill

    Director

    Total calculated
    $0
    Hours/week
    2
  • Chris Mandrell

    Director

    Total calculated
    $0
    Hours/week
    2
  • Pam Hufstedler

    Director

    Total calculated
    $0
    Hours/week
    2
  • Michael Lambert

    Director

    Total calculated
    $0
    Hours/week
    2
  • Dr Felicia Powell

    Director

    Total calculated
    $0
    Hours/week
    2
  • Eddie Schulz

    Director

    Total calculated
    $0
    Hours/week
    2
  • Cole Watts

    Director

    Total calculated
    $0
    Hours/week
    2
  • Paulene Salamon

    Director

    Total calculated
    $0
    Hours/week
    2
  • Shara Konechney

    Director

    Total calculated
    $0
    Hours/week
    2
  • Kelly Tucker

    Director

    Total calculated
    $0
    Hours/week
    2
  • Nick Atwood

    Director

    Total calculated
    $0
    Hours/week
    2
  • Michelle McCord

    Director

    Total calculated
    $0
    Hours/week
    2
  • Victoria Whitehead

    Director

    Total calculated
    $0
    Hours/week
    2
  • Kathy Rollo

    Director

    Total calculated
    $0
    Hours/week
    2
  • Kathy Timms

    Director

    Total calculated
    $0
    Hours/week
    2
  • Robert Wood

    Director

    Total calculated
    $0
    Hours/week
    2
  • Steve Beck

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2
  • Rey Carrasco

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Chris Chambers

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Casey Doyle

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Dave Marcinkowski

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Kay McDowell

    Secretary

    Total calculated
    $0
    Hours/week
    40
  • Becky Palmer

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Dana Madison

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Beth Lawson

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Gabriel Vitela

    Director

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2023
IRS schema version
2022v5.0
Source object
202331649349300033

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.