LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC

As filed

Subsection

04

NTEE code

S30

Classification

3000

Street

1500 BROADWAY STE 600

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 600). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• COMMUNITY WORKFORCE PARTNERSHIP

  EIN 75-2914933

• LUBBOCK EXPERIENCE INCORPORATED

  EIN 20-8957025

• MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION

  EIN 75-2621353

Mission and programs · 2024

• LEDA CONTINUED TO EXPERIENCE A TREMENDOUS AMOUNT OF INTEREST FROM COMPANIES ACROSS THE COUNTRY. LEPRINO FOODS OPENED THEIR $1 BILLION+ CHEESE MANUFACTURING FACILITY EMPLOYING OVER 600 INDIVIDUALS IN LUBBOCK. THIS PROJECT IS THE SINGLE LARGEST PRIVATE CAPITAL INVESTMENT IN THE HISTORY OF LUBBOCK. THE SELECTION OF LUBBOCK FOR THIS AND OTHER COMPANIES HAS REQUIRED LEDA TO EXTEND THE ROADS AND UTILITIES IN EAST AND NORTH LUBBOCK TO SUPPORT THE GROWTH OF THE LUBBOCK ECONOMY IN THAT AREA OF THE CITY. IN ADDITION TO THIS FOOD PRODUCTION COMPANY LOCATED IN EAST LUBBOCK, LEDA ASSISTS WITH THE EXPANSION OF LOCAL BUSINESSES ACROSS THE CITY. DURING 2024-2025, LEDA ASSISTED LUBBOCK IN ACHIEVING THE DESIGNATION OF A 4.2-MILE SEGMENT OF U.S. 87 AS PART OF I-27, WHICH ADVANCES THE PORTS-TO-PLAINS CORRIDOR AND STRENGTHENS LUBBOCK'S ROLE IN REGIONAL TRANSPORTATION AND SUPPORTING FUTURE ECONOMIC GROWTH. LEDA ALSO PARTNERS WITH THE TEXAS TECH UNIVERSITY INNOVATION HUB ACCELERATOR TO ENCOURAGE ENTREPRENEURS TO GROW THEIR BUSINESS IDEAS IN LUBBOCK. DURING THE YEAR, LEDA NOMINATED THE CITY OF LUBBOCK FOR A TEDC WORKFORCE EXCELLENCE AWARD FOR ITS SUPPORT OF JOB TRAINING IN THE ELECTRICAL, PLUMBING AND HVAC TRADES AND THIS PROJECT WON IN ITS COMMUNITY POPULATION CATEGORY. THE LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE (LEDA) PARTNERED WITH THE CITY OF LUBBOCK TO ADMINISTER JOB TRAINING ACTIVITIES WITH THE CITY'S AMERICAN RESCUE ACT PLAN (ARPA) FUNDS. OVER 100 INDIVIDUALS (STUDENTS, EMPLOYEES AND EMPLOYERS) WERE SUPPORTED AND POSITIVELY IMPACTED BY THESE PROGRAMS IN 2024. THESE ARE INDIVIDUALS THAT LIVE IN THE LUBBOCK COMMUNITY AND WILL USE THE SKILLS THEY ACQUIRED TO INCREASE THE NUMBER OF ELECTRICIANS, PLUMBERS AND HVAC WORKERS IN LUBBOCK'S TALENT POOL. INTEREST IN BUSINESS EXPANSION TO LUBBOCK REMAINS STRONG AND THE LEDA SALES TEAM CONTINUES TO MEET WITH NATIONAL AND INTERNATIONAL COMPANIES TO CONSIDER EXPANSION INTO THE LUBBOCK MARKET. LEDA AND LUBBOCK ARE POISED TO MAKE SIGNIFICANT STRIDES IN SECURING A STRONG WORK ENVIRONMENT IN LUBBOCK.

  Expenses $6,463,185 · Grants $1,699,627

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $16,565,554

  Expenses

  $7,040,474

  Contributions

  $12,012,098

  Grants paid

  $1,699,627

• 2023

  Revenue

  $16,845,151

  Expenses

  $12,700,825

  Contributions

  $15,390,998

  Grants paid

  $7,475,670

• 2022

  Revenue

  $12,728,693

  Expenses

  $6,099,792

  Contributions

  $11,712,216

  Grants paid

  $1,635,571

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $10,240,082

  Expenses

  $46,636,205

  Assets (EOY)

  $26,107,253

• 2020 · 990

  Revenue

  $13,680,218

  Expenses

  $4,844,684

  Assets (EOY)

  $29,508,777

• 2019 · 990

  Revenue

  $7,562,648

  Expenses

  $7,377,566

  Assets (EOY)

  $25,650,903

• 2018 · 990

  Revenue

  $7,350,664

  Expenses

  $16,622,196

  Assets (EOY)

  $29,565,850

• 2017 · 990

  Revenue

  $6,524,810

  Expenses

  $7,259,784

  Assets (EOY)

  $26,418,342

• 2017 · 990

  Revenue

  $6,524,810

  Expenses

  $7,259,784

  Assets (EOY)

  $26,418,342

• 2016 · 990

  Revenue

  $6,231,363

  Expenses

  $4,081,833

  Assets (EOY)

  $26,980,443

• 2015 · 990

  Revenue

  $7,885,401

  Expenses

  $6,469,265

  Assets (EOY)

  $25,716,521

• 2014 · 990

  Revenue

  $8,196,371

  Expenses

  $4,860,917

  Assets (EOY)

  $25,180,148

• 2013 · 990

  Revenue

  $8,604,091

  Expenses

  $3,114,705

  Assets (EOY)

  $19,421,724

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• LEPRINO FOODS

  $3,000,000

  2023 · ECONOMIC DEVELOPMENT

• TROPICALE FOODS

  $554,000

  2024 · ECONOMIC DEVELOPMENT

• SOUTH PLAINS COLLEGE

  $500,000

  2022 · ECONOMIC DEVELOPMENT

• SOUTH PLAINS COLLEGE

  $500,000

  2023 · ECONOMIC DEVELOPMENT

• TROPICALE FOODS

  $450,000

  2023 · ECONOMIC DEVELOPMENT

• BAYER CROP SCIENCE

  $244,000

  2022 · ECONOMIC DEVELOPMENT

• MTBC BEAUTY SUPPLY

  $125,000

  2022 · ECONOMIC DEVELOPMENT

• MTBC BEAUTY SUPPLY

  $125,000

  2023 · ECONOMIC DEVELOPMENT

• X-FAB

  $75,000

  2022 · ECONOMIC DEVELOPMENT

• SMYER ISD

  $58,746

  2024 · EQUIPMENT NEEDS

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION

  $1,000,000

  2023 · TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY

• MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION

  $1,000,000

  2022 · TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY

• MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION

  $1,000,000

  2024 · TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files