NonprofitsLubbock Economic Development Alliance Inc

Community Improvement & Capacity Building

Lubbock Economic Development Alliance Inc

LUBBOCK, TX

Total revenue

$16.8M

Total expenses

$12.7M

Net assets

Grants received

$3M

3 grants

EIN

900183669

Tax year

2023

Mission

To promote economic growth by creating high quality jobs, investing in new capital improvements, retaining and expanding existing businesses and enhancing lubbock's quality of life.

Financials

FY 2023

Revenue

Contributions & grants$15.4M
Program service revenue
Investment income$1.4M
Other revenue$83K
Total revenue$16.8M

Expenses

Grants paid$7.5M
Salaries & benefits$1.6M
Fundraising
Other expenses$3.6M
Total expenses$12.7M
Total assets$56.3M
Net assets

People

18 listed

NameRoleCompensation

JOHN OSBORNE

CEO

Board

$372K

20 hrs/wk

JANA JOHNSTON

CFO/COO

Board

$208K

20 hrs/wk

CHRISTINE ALLEN

VICE PRESIDENT

Board

$129K

20 hrs/wk

BRETT CATE

DIRECTOR

Board

2 hrs/wk

LORI RICE-SPEARMAN

DIRECTOR

Board

1 hrs/wk

WALTER CATHEY

DIRECTOR

Board

1 hrs/wk

SONNY GARZA

DIRECTOR

Board

1 hrs/wk

HENRY PATEL

DIRECTOR

Board

1 hrs/wk

JAMES CONWRIGHT

CHAIRMAN

Board

2 hrs/wk

SARAH BEVERS

VICE CHAIRMAN

Board

1 hrs/wk

CHRIS CARPENTER

DIRECTOR

Board

1 hrs/wk

BLAKE WOMBLE

DIRECTOR

Board

1 hrs/wk

JOHN OPPERMAN

DIRECTOR

Board

1 hrs/wk

MELISSA COLLIER

DIRECTOR

Board

1 hrs/wk

DAVID RUSHING

DIRECTOR OF RECRUITMENT

Staff

$148K

20 hrs/wk

JORGE QUIRINO

DIRECTOR OF DOWNTOWN & SPE

Staff

$128K

20 hrs/wk

KATHERINE WHITE

DIRECTOR OF MARKETING & CO

Staff

$127K

20 hrs/wk

CAROLYN ROWLEY

DIRECTOR OF BUSINESS RETEN

Staff

$126K

20 hrs/wk

Independent contractors

LONE STAR DIRT & PAVING

CONSTRUCTION SERVICES

$5.5M

WEST TEXAS PAVING INC

CONSTRUCTION SERVICES

$1.8M

PARKHILL SMITH & COOPER

ENGINEERING SERVICES

$783K

TURFMASTER IRRIGATION & LANDSCAPING

CONSTRUCTION SERVICES

$496K

HUGO REED AND ASSOCIATES INC

ENGINEERING SERVICES

$114K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$1M
TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY
2023
$1M
TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY
2022
$1M
TO ASSIST WITH COSTS OF RENOVATION PROJECT THAT INCLUDES SITE DEMOLITION, MASONRY, STRUCTURAL STEEL, FRAMING, PLUMBING AND ELECTRICAL WORK.
2021

Funded by

$3M from 1 funder · 3 grants · 2021–2023

Market Lubbock Economic Development

$3M · 3 grants · 2021–2023

Details

EIN900183669
NTEE codeS30
Subsection04
Ruling date2005-01
Formed2004
Employees14
Volunteers11
LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC — Mission, Financials & Grants Received | Grantivo