2019-08-15T20:31:27-05:00 2018-09-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2017-10-01 461912406 LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION LUBB 8067473200 1500 BROADWAY NO 902 LUBBOCK TX 79401 TIM COLLINS CHAIRMAN 8067473200 2019-08-15 1 MATT R WILLIS P00419741 8067473806 2019-08-15 X 65.182.80.152 2019-08-15 16:35:21 CD P D9E0A4595174F1DF063C54957216FC21122CDCDE 0F2974AC74D7DDF1B6A1E1BB23E019AE426F3A7A 2017 2019-02-21 02:37:17Z X TIM COLLINS 1500 BROADWAY NO 902 LUBBOCK TX 79401 5687372 0 X WWW.LEPAA.ORG X 2013 TX TO PROVIDE A VARIETY OF THE FINEST PERFORMING ARTS EVENTS, AND EDUCATIONAL AND COMMUNITY PROGRAMS THAT WILL SUPPORT, ENHANCE AND EXPAND APPRECIATION FOR THE ARTS, ENTERTAINMENT, CULTURE, MUSIC, HISTORY AND HERITAGE OF THE SOUTH PLAINS. 12 12 0 14 0 0 3792759 5496971 0 0 33526 91944 3561 441 3829846 5589356 0 0 0 0 0 0 42413 39900 130387 285345 328684 327758 368584 3502088 5220772 76667974 89582616 4472103 12156153 72195871 77426463 X LUBBOCK ENTERTAINMENT & PERFORMING ARTS ASSOCIATION (LEPAA) IS A TEXAS NON-PROFIT CORPORATION, DEDICATED TO ENRICHING THE LIVES OF THOSE WHO LIVE IN LUBBOCK, THE SOUTH PLAINS, AND BEYOND, THROUGH THE PRESENTATION OF A VARIETY OF THE FINEST PERFORMING ARTS EVENTS, AND EDUCATIONAL AND COMMUNITY PROGRAMS THAT WILL SUPPORT, ENHANCE AND EXPAND APPRECIATION FOR THE ARTS, ENTERTAINMENT, CULTURE, MUSIC, HISTORY AND HERITAGE OF THE SOUTH PLAINS. 0 0 138698 LEPAA CONTINUES CONSTRUCTION OF THE PERFORMING ARTS AND SCIENCES CENTER, WHICH IS SCHEDULED TO BE COMPLETED IN 2020. LEPAA CONTINUES TO RECRUIT AND PROCURE PARTNERS FOR FUNDING CONSTRUCTION OF THE CENTER AND FUTURE OPERATIONS. THESE PARTNERSHIPS WILL IMPACT THE COMMUNITY BY OFFERING STUDENTS THE OPPORTUNITY TO PERFORM AND ENGAGE IN A WORLD-CLASS VENUE. 138698 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 0 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 1 0 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 CHRISTOPHER ANDERSON DIRECTOR 10/17 - 6/18 1.50 X 0 0 0 ANDREW BABCOCK DIRECTOR 9/18 1.00 X 0 0 0 MATT BUMSTEAD DIRECTOR 0.75 X 0 0 0 GARY GREENSTREET DIRECTOR 0.75 X 0 0 0 LEE ANN HUDDLESTON DIRECTOR 1.00 X 0 0 0 VAN MAY DIRECTOR 10/17 - 8/18 1.00 X 0 0 0 CARLA MORAN DIRECTOR 1.50 X 0 0 0 KAY SANFORD DIRECTOR 10.00 X 0 0 0 KERRY SESSIONS DIRECTOR 1.00 X 0 0 0 LAURA VINSON DIRECTOR 1.00 X 0 0 0 ROB ALLISON 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 12942965 PARKHILL SMITH & COOPER 4222 85TH STREET LUBBOCK TX 79423 DESIGN SERVICES 1310399 GARFIELD PUBLICPRIVATE LLC 14785 PRESTON RD STE 480 DALLAS TX 75254 DEVELOPMENT 654606 3 668886 4828085 683305 5496971 89141 89141 99873 97070 2803 2803 2803 1387 946 441 441 5589356 0 0 92385 172456 73772 76798 21886 23344 17508 5836 10750 10750 39900 39900 23490 5872 17618 29232 14616 1087 13529 7848 2955 495 4398 23744 11872 5936 5936 4358 1839 2519 10392 689 305 9398 6210 3105 1552 1553 9864 4932 2466 2466 BANK FEES 5239 5239 FEASIBILITY STUDY 1319 1319 DUES & SUBSCRIPTIONS 438 219 110 109 368584 138698 99499 130387 105946 119953 26682220 2114519 22707129 16099087 14737 15860 12034 11730 7779 5895 2244859 13162 1567991 2231697 1294235 3322392 24275903 65661483 76667974 89582616 3412103 10808653 1060000 1347500 4472103 12156153 X 25915203 67985604 44995865 6196236 1284803 3244623 72195871 77426463 76667974 89582616 5220772 9820 0 X X 0 0 0 X 27305579 16921476 4094901 3792759 5496971 57611686 27305579 16921476 4094901 3792759 5496971 57611686 41795362 15816324 1282 6761 24373 48696 89141 170253 57781939 7023 0.27370 0.25660 X THE ORGANIZATION IS CONSTRUCTING A LARGE CONCERT AND EVENT HALL IN LUBBOCK, TX. IN THE FIRST 2 YEARS OF EXISTENCE IT RECEIVED 3 LARGE $20,000,000 DONATIONS FROM 3 DIFFERENT ENTITIES. 1 OF THESE WAS REPORTED AS AN UNUSUAL GRANT AND NOT INCLUDED IN THE PUBLIC SUPPORT CALCULATION, BUT THE OTHER 2 WERE FROM PRIVATE FOUNDATIONS THAT CONTINUE TO GIVE A SMALL AMOUNT EACH YEAR. AS SUCH THEY WERE NOT CONSIDERED UNUSUAL GRANTS. ONCE THESE GRANTS FALL OFF THE 5 YEAR CALCULATION, IT IS ANTICIPTED THE ORGANIZATION WILL PASS THE PUBLIC SUPPORT TEST. FINALLY, THE FACILITY IS SCHEDULED TO OPEN IN 2020. ONCE OPEN, THE ORGANIZATION ANTICIPATES RECEIVING MORE SUPPORT FROM THE PUBLIC THROUGH CONTRIBUTIONS AND TICKET SALES. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: $20,000,000 CASH GRANT DATE: 03/06/14 AMOUNT: 20000000. 1294134 1950000 78157 3322291 1250000 44134 1294134 0.00000 0.97660 0.02340 0 0 2212397 2212397 21708 7785 13923 10754 5377 5377 2231697 CONSTRUCTION IN PROGRESS 65542274 ART AND COLLECTIONS 64733 REFUNDABLE DEPOSIT 8811 LOAN COSTS 165 START-UP COSTS 45500 65661483 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. X X X X 1 KATHY GILBREATH 4603 5TH STREET LUBBOCK TX 79416 FUNDRAISING 0 2860951 12000 2848951 REA ASSOCIATES LLC PO BOX 53494 LUBBOCK TX 79453 CONSULTING 0 494722 15000 479722 STACY KEITH 3304 54TH STREET LUBBOCK TX 79413 GRANT WRITING 0 168742 12900 155842 3524415 39900 3484515 TX X 2 14419 FAIR MARKET VALUE X 1 668886 FAIR MARKET VALUE 0 0 0 FORM 990, PART IV, LINE 11F THE ORGANIZATION OBTAINS AN ANNUAL FINANCIAL STATEMENT AUDIT FROM AN INDEPENDENT CPA, BUT THE AUDIT WAS NOT COMPLETED BEFORE THE FORM 990 EXTENDED DUE DATE OF AUGUST 15, 2019. BECAUSE THE AUDIT WAS NOT COMPLETE AT THE TIME THE 990 WAS FILED THE ORGANIZATION HAS DECIDED TO ANSWER LINE 11F "NO". BASED ON PRIOR YEARS THE FINANCIAL STATEMENTS INCLUDED AN UNCERTAIN TAX POSITION STATEMENT THAT READS AS FOLLOWS. 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. FORM 990, PART IV, LINE 12A THE ORGANIZATION OBTAINS AN ANNUAL FINANCIAL STATEMENT AUDIT FROM AN INDEPENDENT CPA, BUT THE AUDIT WAS NOT COMPLETED BEFORE THE FORM 990 EXTENDED DUE DATE OF AUGUST 15, 2019. BECAUSE THE AUDIT WAS NOT COMPLETE AT THE TIME THE 990 WAS FILED THE ORGANIZATION HAS DECIDED TO ANSWER LINE 12A "NO", AND WILL NOT COMPLETE SCHEDULE D PARTS XI AND XII. FORM 990, PART VI, SECTION A, LINE 3 LEPAA HAS HIRED REA & ASSOCIATES, LLC OWNED BY ROB ALLISON TO MANAGE THEIR DAY TO DAY OPERATIONS. REA IS AN INDEPENDENT CONTRACTOR, BUT THE SERVICES PROVIDED BY REA AND ROB ARE SIMILAR TO THE SERVICES OF AN EXECUTIVE DIRECTOR. 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 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 XII, LINE 2B THE ORGANIZATION OBTAINS AN ANNUAL FINANCIAL STATEMENT AUDIT ON A SEPARATE BASIS FROM AN INDEPENDENT CPA, BUT THE AUDIT WAS NOT COMPLETED BEFORE THE FORM 990 EXTENDED DUE DATE OF AUGUST 15, 2019. BECAUSE THE AUDIT WAS NOT COMPLETE AT THE TIME THE 990 WAS FILED THE ORGANIZATION HAS DECIDED TO ANSWER LINE 2B "NO". SCHEDULE B, PART I DUE TO THE DISCOUNTING OF PLEDGES RECEIVABLE TO PRESENT VALUE AND THE DEFERRAL OF THE REVENUE OF THE NONDEDUCTIBLE PORTION OF PERSONAL SEAT LICENSES AND BOX SEATS, THE TOTAL CONTRIBUTIONS REPORTED ON SCHEDULE B ARE GREATER THAN THE TOTAL CONTRIBUTIONS REPORTED ON PART VIII, LINE 1H.