2022-08-15T15:46:23-05:00 2021-09-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2020-10-01 461912406 LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION LUBB 8067473200 1500 BROADWAY NO 902 LUBBOCK TX 79401 TIM COLLINS CHAIRMAN 8067473200 2022-08-15 1 TIM COLLINS 999009999 ERIN DIPPREY P01419700 8067473806 2022-08-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIM COLLINS 1500 BROADWAY NO 902 LUBBOCK TX 79401 3995174 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. 13 13 2 13 0 0 4474617 2777657 0 835862 163199 128072 2536 224680 4640352 3966271 0 0 0 0 78861 158855 15075 12000 166979 721449 4629644 815385 4800499 3824967 -834228 178446394 190146565 92827286 109254903 85619108 80891662 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. 1 0 4446526 835862 LEPAA COMPLETED CONSTRUCTION OF BUDDY HOLLY HALL (BHH), A PERFORMING ARTS AND SCIENCES CENTER, IN JANAURY 2021. LEPAA CONTINUES TO RECRUIT AND PROCURE PARTNERS FOR FUNDING TO PAY FOR THE CONSTRUCTION OF THE CENTER AND FUTURE OPERATIONS. THESE FUNDING PARTNERSHIPS IMPACT THE COMMUNITY BY OFFERING EVERY PERSON THE OPPORTUNITY TO EXPERIENCE THE ARTS. 21836 LEPAA CONTINUES PLANNING ITS SECOND 5-DAY BUDDY HOLLY SONGWRITERS RETREAT AND CONCERT IN 2022, AS THE 2020 AND 2021 RETREATS WERE POSTPONED DUE TO THE PANDEMIC. ASPIRING SONGWRITERS BREAK UP INTO SMALL GROUPS TO COLLABORATE WITH PROFESSIONAL MENTORS THROUGH THE CREATIVE PROCESS OF SONGWRITING. A FRIDAY NIGHT SHOWCASE CONCERT WILL BE HELD TO DEBUT THE BEST SONGS WRITTEN DURING THE RETREAT AND PROVIDE PERFORMERS ON-STAGE EXPERIENCES. 38211 A KODALY INSTITUTE SYMPOSIUM WORKSHOP WAS HELD IN LUBBOCK JULY 2021, PROVIDING MUSIC EDUCATION INSTRUCTION TO THE 300 ATTENDEES. 14,200 LUBBOCK INDEPENDENT SCHOOL DISTRICT STUDENTS PERFORMED IN OVER 95 PERFORMANCES. THE VENUE HOSTED THREE LISD TEACHER IN-SERVICE TRAINING EVENTS. 224876 BALLET LUBBOCK MOVED INTO ITS NEW 22,000 SQUARE FOOT HOME IN BHH FOR CLASSICAL BALLET INSTRUCTION, AS WELL AS OTHER DANCE FORMS. OVER 400 STUDENTS ATTEND THE PRE-PROFESSIONAL BALLET PROGRAM, AND OVER 18,000 PEOPLE FROM VARIOUS BACKGROUNDS ARE ABLE TO EXPERIENCE BALLET PERFORMED ONSTAGE AT THE BUDDY HOLLY HALL. ALSO, 450 STUDENTS WERE GIVEN BALLET INSTRUCTION IN LOCAL ELEMENTARY SCHOOLS. LUBBOCK SYMPHONY ORCHESTRA HOSTED 4,151 FIFTH GRADE STUDENTS FROM 72 SCHOOLS. 224876 4506573 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 1 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X MARK BASS 8067473200 1500 BROADWAY STE 902 LUBBOCK TX 79401 X TIM COLLINS CHAIRMAN 10.00 X X 0 0 0 PATTY D'ALISE VICE CHAIRMAN 1.00 X X 0 0 0 MARK BASS TREASURER 3.00 X X 0 0 0 MARIANNA MARKHAM SECRETARY 1.50 X X 0 0 0 MICHAEL A BABCOCK DIRECTOR 3.00 X 0 0 0 MATTHEW BUMSTEAD DIRECTOR 0.75 X 0 0 0 NICHOLAS DRAGGA DIRECTOR 10.00 X 0 0 0 GARY GREENSTREET DIRECTOR 0.75 X 0 0 0 CARLA MORAN DIRECTOR 1.50 X 0 0 0 KAY SANFORD DIRECTOR 0.10 X 0 0 0 KERRY SESSIONS DIRECTOR 0.10 X 0 0 0 LAURA VINSON DIRECTOR 1.00 X 0 0 0 NATHANIEL WRIGHT DIRECTOR 1.00 X 0 0 0 MICHELLE STEPHENS EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 LEE LEWIS CONSTRUCTION INC 7810 ORLANDO AVENUE LUBBOCK TX 79423 CONSTRUCTION 28067331 GARFIELD PUBLICPRIVATE LLC 14911 QUORUM DR STE 380 DALLAS TX 75254 DEVELOPMENT 4066545 SMG 300 CONSHOHOCKEN STATE ROAD CONSHOHOCKEN PA 19428 CONSULTING SERVICES 397696 PARKHILL SMITH & COOPER 4222 85TH STREET LUBBOCK TX 79423 DESIGN SERVICES 363981 4 X 14700 2762957 18744 2777657 BUDDY HOLLY HALL PERFO 711190 835862 835862 835862 130375 130375 224876 0 224876 224876 224876 25078 27381 -2303 -2303 -2303 1326 1522 -196 -196 3966271 1060738 0 127876 109489 70299 3345 35845 3379 3379 41215 38252 2963 4772 2386 2386 118444 66672 22761 29011 3156 2367 789 79059 79059 12000 12000 15490 15245 122 123 48651 19439 29212 26777 20624 1611 4542 9926 374 630 8922 37443 23993 6725 6725 93 93 26696 15562 2350 8784 2219990 2219990 28932 14466 7233 7233 131531 125747 2892 2892 BUDDY HOLLY HALL OPERAT 1845707 1845707 SONGWRITERS RETREAT & C 21836 21836 BANK FEES 15444 102 15342 DUES & SUBSCRIPTIONS 469 235 117 117 4800499 4506573 126947 166979 226198 2700928 5057384 2448697 12935660 9434683 29169 1183055 10704 17671 7762 82048 161120485 34007 2357203 161086478 5412665 6859045 152409649 6333960 178446394 190146565 10133628 2175665 1982500 5456550 80696458 91953003 14700 9669685 92827286 109254903 X 62219079 57491633 23400029 23400029 85619108 80891662 178446394 190146565 X -834228 1109767 -5002985 X X 0 1 X 1 0 X 3792759 5496971 4683365 4474617 2777657 21225369 3792759 5496971 4683365 4474617 2777657 21225369 7234750 13990619 48696 89141 124641 160822 355251 778551 22003920 864155 0.63580 0.65600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5412665 1236503 6649168 4648980 700000 63685 5412665 3322291 1130000 196689 4648980 1294134 1950000 78157 3322291 1250000 44134 1294134 0.00000 0.93430 0.06570 0 0 2324335 2324335 158752712 158752712 32684 23253 9431 10754 10754 0 161086478 BALLET LUBBOCK DEFERRED LEASE REVENUE 9669685 9669685 X 5077560 1109767 1522 1111289 3966271 0 3966271 9805006 5004507 5004507 4800499 0 4800499 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD REPORTED ON PART VIII, LINE 10B 1,522. PART XII, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR CONTRIBUTIONS RECLASSED TO DEFERRED RENT 5,002,985. COST OF GOOD SOLD REPORTED ON PART VIII, LINE 10B 1,522. X X X X 1 MBS CONSULTING 6015 89TH STREET LUBBOCK TX 79424 CONSULTING 0 525000 22761 502239 REA ASSOCIATES LLC PO BOX 53494 LUBBOCK TX 79453 CONSULTING 0 380000 3750 376250 KATHY GILBREATH 4603 5TH STREET LUBBOCK TX 79416 FUNDRAISING 0 251500 12000 239500 1156500 38511 1117989 TX FORM 990, PART III, LINE 2 LEPAA COMPLETED CONSTRUCTION OF THE BUDDY HOLLY HALL (BHH), WHICH PROVIDED OPPORTUNITIES FOR COMMUNITY ENGAGEMENT FOR ALL AGES THROUGH WORKSHOPS, BALLET INSTRUCTION, TRAINING EVENTS, AND A VARIETY OF PERFORMANCES. SEE PROGRAM SERVICE ACCOMPLISHMENTS FOR DETAILED ACHIEVEMENTS. 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 AN EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED FOR BOARD OF DIRECTOR COMPOSITION, FOUNDING MEMBERS TERM LIMITS, AND PROCEDURES FOR SELECTING NEW BOARD MEMBERS. 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 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 VIII, LINE 1E INCLUDED ON LINE 1E IS $14,700 FROM THE PAYCHECK PROTECTION PROGRAM (PPP) LOAN THE ORGANIZATION RECEIVED FROM THE SMALL BUSINESS ADMINISTRATION DURING THE YEAR ENDING 9/30/21. THE ORGANIZATION FILED FOR FORGIVENESS PRIOR TO YEAR-END AND EXPECTS THE LOAN TO BE FORGIVEN IN FULL. AS SUCH PER FASB-ASC 958-605 NOT-FOR-PROFIT-ENTITIES REVENUE RECOGNITION, IT IS BEING RECOGNIZED AS CONTRIBUTION INCOME FROM A CONDITIONAL CONTRIBUTION. FORM 990, PART XI, LINE 9: PRIOR YEAR CONTRIBUTIONS RECLASSED TO DEFERRED RENT -5,002,985. 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 NEW 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, 2021, ANY PRIOR YEAR PAYMENTS RECEIVED BY LEPAA HAVE BEEN ADJUSTED FROM CONTRIBUTION INCOME TO THE BALANCE OF THE RECEIVABLE.