2024-08-09T08:08:48-05:00 2023-09-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2022-10-01 461912406 LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION LUBB 8067473200 1500 BROADWAY 902 LUBBOCK TX 79401 MARK BASS CHAIRMAN 8067473200 2024-08-08 1 1 ERIN DIPPREY P01419700 8067473806 2024-08-08 X 2022 2024-08-08 14:25:15Z MARK BASS 1500 BROADWAY 902 LUBBOCK TX 79401 8315560 0 X WWW.LEPAA.ORG X 2013 TX LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION (LEPAA), A TEXAS NON-PROFIT CORPORATION, ENVISIONS A COMMUNITY WHERE EVERY PERSON EXPERIENCES THE TRANSFORMATIVE POWER OF THE ARTS. LEPAA BUILDS COMMUNITY THROUGH EXTRAORDINARY EXPERIENCES, CREATIVE COLLABORATION, AND INCLUSIVE ACCESS TO THE ARTS, ENTERTAINMENT, AND EDUCATION. LEPAA'S VALUES DICTATE THAT WE TREAT OTHERS AS WE WOULD LIKE TO BE TREATED, FOSTER THE ECONOMIC VITALITY OF OUR REGION, OPERATE SUSTAINABLY AND EFFICIENTLY IN ALL ENDEAVORS, AND BUILD STAKEHOLDER ENGAGEMENT THROUGHOUT OUR COMMUNITY. 12 12 4 23 0 0 35128029 4073454 3133803 3003211 225340 125809 394146 462162 38881318 7664636 0 0 0 0 1230859 1597023 105416 0 237845 10397433 9913077 11733708 11510100 27147610 -3845464 183043713 171205435 81187456 73076062 101856257 98129373 X LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION (LEPAA), A TEXAS NON-PROFIT CORPORATION, ENVISIONS A COMMUNITY WHERE EVERY PERSON EXPERIENCES THE TRANSFORMATIVE POWER OF THE ARTS. LEPAA BUILDS COMMUNITY THROUGH EXTRAORDINARY EXPERIENCES, CREATIVE COLLABORATION, AND INCLUSIVE ACCESS TO THE ARTS, ENTERTAINMENT, AND EDUCATION. LEPAA'S VALUES DICTATE THAT WE TREAT OTHERS AS WE WOULD LIKE TO BE TREATED, FOSTER THE ECONOMIC VITALITY OF OUR REGION, OPERATE SUSTAINABLY AND EFFICIENTLY IN ALL ENDEAVORS, AND BUILD STAKEHOLDER ENGAGEMENT THROUGHOUT OUR COMMUNITY. 0 0 10939693 3407356 THE BUDDY HOLLY HALL BROUGHT MORE THAN 250,000 VISITORS TO DOWNTOWN LUBBOCK: 115 COMMERCIAL PRODUCTIONS IN HELEN DEVITT JONES THEATER; 181 EVENTS IN CRICKETS THEATER. 183424 8236 LEPAA HELD ITS THIRD ANNUAL BUDDY HOLLY SONGWRITERS RETREAT AND CONCERT SEPTEMBER 19-22, 2023. THIRTY ASPIRING SONGWRITERS FROM ACROSS TEXAS, US, UK, AND NEW ZEALAND PARTICIPATED IN THE RETREAT. THE SONGWRITERS MET IN SMALL GROUPS TO COLLABORATE WITH PROFESSIONAL MENTORS THROUGH THE CREATIVE PROCESS OF SONGWRITING. A SHOWCASE CONCERT WAS HELD TO DEBUT THE BEST SONGS WRITTEN DURING THE RETREAT AND PROVIDED PERFORMERS ON-STAGE EXPERIENCES. 1754 THE KODALY INSTITUTE SYMPOSIUM WORKSHOP WAS HELD IN LUBBOCK JUNE 2023, PROVIDING PROFESSIONAL DEVELOPMENT AND INTERNATIONALLY-ACCLAIMED MUSIC EDUCATION INSTRUCTION TO THE 70 AREA PROFESSIONALS. 9,500 LUBBOCK INDEPENDENT SCHOOL DISTRICT STUDENTS PERFORMED AT THE BUDDY HOLLY HALL. MORE THAN 14,080 SCHOOL AGE STUDENTS WERE IMPACTED THROUGH COMMUNITY OUTREACH PROGRAMMING AT BUDDY HOLLY HALL, PARTNERSHIPS WITH LEPAA, LUBBOCK SYMPHONY ORCHESTRA, BALLET LUBBOCK, AND TTU SCHOOL OF MUSIC. A PARTNERSHIP WITH LEPAA AND AMERICAN THEATER GUILD, STAGING THE FUTURE IS A PROGRAM THAT PROVIDED A RECORD-SETTING 3,300 STUDENTS AND PARENTS/GUARDIANS FROM UNDERSERVED SCHOOLS TO ATTEND A BROADWAY PRODUCTION OF DEAR EVAN HANSEN, LION KING AND HAMILTON. 11124871 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X MATTHEW BUMSTEAD 8067473200 1500 BROADWAY STE 902 LUBBOCK TX 79401 X JEFF HUNSINGER 1222 - 923 CEO 40.00 X 15530 0 0 MARK BASS CHAIRMAN 4.00 X X 0 0 0 BETH BRIDGES VICE CHAIRMAN 1.00 X X 0 0 0 MATTHEW BUMSTEAD TREASURER 0.75 X X 0 0 0 MARIANNA MARKHAM SECRETARY 1.50 X X 0 0 0 TIM COLLINS IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 PATTY D'ALISE DIRECTOR 1.00 X 0 0 0 ANDREW BABCOCK DIRECTOR 3.00 X 0 0 0 NICHOLAS DRAGGA DIRECTOR 10.00 X 0 0 0 GARY GREENSTREET DIRECTOR 0.75 X 0 0 0 KAY SANFORD 1022 - 1222 DIRECTOR 0.10 X 0 0 0 SOMER JAYNES DIRECTOR 1.00 X 0 0 0 AMBER DEAN DIRECTOR 1.00 X 0 0 0 KEVIN MCCONIC DIRECTOR 0.50 X 0 0 0 MICHELLE STEPHENS COO 40.00 X 0 0 0 15530 0 0 0 0 0 0 UTP PRODUCTIONS INC PO BOX 3778 SALT LAKE CITY UT 84110 STAGEHANDS AND SHOW SET-UPS 885772 RONNIE ZAHN PAVING INC 6608 MLK BLVD LUBBOCK TX 79404 PAVING 764402 KT BLACK 900 SW 7TH AVE AMARILLO TX 79109 SECURITY AND CLEANING 580955 SMG HOLDINGS LLC 300 CONSHOHOCKEN STATE ROAD CONSHOHOCKEN PA 19428 CONSULTING AND MANAGEMENT 547477 SOUTH PLAINS SERVICE LLC PO BOX 9 LUBBOCK TX 79408 ELECTRICAL WORK, LIGHTING 125470 7 5000 4068454 544265 4073454 EVENT INCOME 711190 1480483 1480483 UNITED MONTHLY INCOME 711190 812578 812578 FACILITY FEES 711190 342532 342532 BUILDING PRESERVATION 711190 194398 194398 BALLET LUBBOCK 711190 114424 114424 58796 58796 3003211 193317 193317 299835 0 299835 299835 299835 582557 574433 75632 8124 -75632 -67508 -67508 50640 859 49781 49781 MISCELLANEOUS REVENUE 711190 112546 112546 112546 7664636 3415592 0 175590 169280 152352 16928 1065012 961245 775 102992 268361 265361 3000 94370 85352 9018 349167 297901 23898 27368 569 427 142 98558 98558 208969 205172 1694 2103 20765 8591 12174 34220 27300 1897 5023 117564 94469 838 22257 902002 883864 9069 9069 34879 34308 77 494 2333639 2333639 5037356 5022432 7462 7462 350481 346433 2024 2024 SONGWRITERS RETREAT & C 183424 183424 BUDDY HOLLY HALL OPERAT 80176 80176 BANK FEES 54325 47315 5 7005 JANITORIAL 39470 39470 67513 55640 1087 10786 11510100 11124871 147384 237845 2713512 4626298 1867852 1295924 12598626 3659487 248006 219792 18733 17930 525141 67933 162582772 13712866 152901883 148869906 6575682 7372741 5594278 5075424 183043713 171205435 1205578 2060318 3697941 4583638 66914089 57281152 9369848 9150954 81187456 73076062 X 80814097 85801221 21042160 12328152 101856257 98129373 183043713 171205435 X -3845464 510830 -392250 X X 0 1 X 1 0 X 4683365 4474617 2770929 35128029 4073454 51130394 4683365 4474617 2770929 35128029 4073454 51130394 36504648 14625746 124641 160822 355561 520425 493152 1654601 52784995 5935060 0.27710 0.30400 X DURING THE FISCAL YEAR ENDING SEPTEMBER 31, 2022, THE ASSOCIATION RECEIVED TWO LARGE GRANTS THAT WERE USED TO PAY DOWN DEBT ON THE CONSTRUCTION OF BUDDY HOLLY HALL. AS A RESULT, THE PUBLIC SUPPORT TEST FELL BELOW 33 1/3%. IT IS THE ASSOCIATION'S INTENT TO CONTINUE TO SOLICIT CONTRIBUTIONS FROM THE GENERAL PUBLIC BY NETWORKING AND MARKETING IN WEST TEXAS AND THE SURROUNDING COMMUNITIES. THE ASSOCIATION BELIEVES THE PUBLIC SUPPORT PERCENTAGE WILL INCREASE AS MORE CONTRIBUTIONS ARE RECEIVED THROUGH THE GROWTH OF THE BUDDY HOLLY HALL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5969098 616486 6585584 6649168 500000 -1180070 5969098 5412665 1236503 6649168 4648980 700000 63685 5412665 3322291 1130000 196689 4648980 0.00000 0.94028 0.05972 0 0 3334172 3334172 153191345 10864356 142326989 6046501 2837756 3208745 10754 10754 0 148869906 BALLET LUBBOCK DEFERRED LEASE REVENUE 9070013 RIGHT-OF-USE LEASE LIABILITY UNDER FASB ASU 842 80941 9150954 X 8183466 510830 8000 518830 7664636 0 7664636 11518100 8000 8000 11510100 0 11510100 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO MAKE CAPITAL EXPENDITURES TO MAINTAIN OR ENHANCE THE PERFORMING ARTS & SCIENCES CENTER AFTER INITIAL CONSTRUCTION IS COMPLETED. PART X, LINE 2: LEPAA HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF LEPAA IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. LEPAA DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. X 4 544265 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 LEPAA HIRED PALMER & GRAHAM ENTERPRISES INC, DBA MBS CONSULTING, OWNED BY MICHELLE STEPHENS TO MANAGE THEIR DAY TO DAY OPERATIONS. MBS CONSULTING IS AN INDEPENDENT CONTRACTOR, BUT THE SERVICES PROVIDED BY MBS CONSULTING AND MICHELLE STEPHENS ARE SIMILAR TO SERVICES OF THE CHIEF OPERATIONS OFFICE. FORM 990, PART VI, SECTION A, LINE 4 LEPAA AMENDED ARTICLES IV, V AND VIII OF THE BY LAWS: ARTICLE IV - BOARD OF DIRECTORS SECTION 4.2 - THE COMPOSITION OF THE BOARD OF DIRECTORS WAS AMENDED FOR A MINIMUM OF NINETEEN (19) AND A MAXIMUM OF TWENTY-SIX (26) DIRECTORS. ARTICLE V - MEETINGS OF THE BOARD OF DIRECTORS SECTION 5.1 - REGULAR MEETINGS WAS AMENDED TO STATE THE BOARD OF DIRECTORS MEETS AT LEAST FOUR (4) TIMES PER FISCAL YEAR AT REGULAR INTERVALS AS DETERMINED BY THE BOARD CHAIR AT THE BEGINNING OF EACH FISCAL YEAR. EACH DIRECTOR SHALL BE ENTITLED TO ONE (1) VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE DIRECTORS. ARTICLE VIII - COMMITTEES SECTION 8.1 - THE COMMITTEES WERE AMENDED TO UPDATE RESPONSIBILITIES AND ADD NEW COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD MUST AGREE TO REVIEW, SIGN AND ABIDE BY THE CONFLICT OF INTEREST POLICY. AT EACH BOARD MEETING THE BOARD ASKS IF THERE ARE ANY CONFLICTS OF INTEREST AND EACH BOARD MEMBER MUST STATE IF THEY HAVE A CONFLICT OR PERCEIVED CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW OFFICER SALARIES AND COMPENSATION LEVELS OF OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION WILL MAKE AVAILABLE A COPY OF THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATMENTS TO THE PUBLIC. REQUESTS CAN BE MADE AT THE ASSOCATION'S OFFICE LOCATED IN LUBBOCK, TX. FORM 990, PART VII, SECTION A, LINE 1: THE CEO WAS HIRED IN DECEMBER OF 2022. THEREFORE, THE COMPENSATION REPORTED IN SECTION A OF PART VII ONLY REFLECTS THE CEO'S COMPENSATION REPORTED ON THE 2022 FORM W-2. FORM 990, PART XI, LINE 9: PRIOR YEAR CONTRIBUTIONS RECLASSED TO DEFERRED RENT -392,250. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO SELECT THE INDEPENDENT CPA WHO WILL PERFORM THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 9 DURING THE YEAR ENDED SEPTEMBER 30, 2021, THE ORGANIZATION ENTERED INTO A LEASE WITH BALLET LUBBOCK TO LEASE SPACE AT THE BUDDY HOLLY HALL (BHH). THE LEASE TERM IS FOR 33 YEARS BEGINNING ON JANUARY 1, 2021. THE ECONOMIC SUBSTANCE OF THE LEASE IS THAT BALLET LUBBOCK IS FINANCING THE ACQUISITION OF THE ASSET THROUGH THE LEASE OVER THE TERM AND, ACCORDINGLY, IS REFLECTED ON LEPAA'S BALANCE SHEET AS A RECEIVABLE AND DEFERRED LEASE REVENUE. DURING THE YEAR ENDED SEPTEMBER 30, 2023, ANY PRIOR YEAR PAYMENTS RECEIVED BY LEPAA HAVE BEEN ADJUSTED FROM CONTRIBUTION INCOME TO THE BALANCE OF THE RECEIVABLE.