COMMUNITY FOUNDATION OF WEST TEXAS: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- COMMUNITY FOUNDATION OF WEST TEXAS (EIN 75-1709180)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-09-26
- IRS object ID
- 201122699349300327
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-09-26T15:30:32-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1 |
| City | LUBBOCK | City |
| State | TX | State |
| ZIP Code | 79423 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 751709180 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUBBOCK AREA FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LUBB | NameControl |
| Phone | 8067628061 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2509 80TH STREET | AddressLine1 |
| City | LUBBOCK | City |
| State | TX | State |
| ZIP Code | 79423 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KATHY STOCCO | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 8067628061 | Phone |
| Date Signed | 2011-09-19 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Matt R Willis | Name |
| Phone | 8067473806 | Phone |
| Date Prepared | 2011-09-12 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KATHY STOCCO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2509 80TH STREET | AddressLine1 |
| City | LUBBOCK | City |
| State | TX | State |
| ZIP Code | 79423 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 13018712 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LUBBOCKAREAFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1981 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | TO RECEIVE AND ACCEPT FUNDS AND PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES PRIMARILY IN THE TEXAS SOUTH PLAINS AREA. TO ENHANCE PHILANTHROPY AND STRENGTHEN THE SENSE OF COMMUNITY IN THE REGION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1064580 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3749109 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 9343 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 10931 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -804877 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1069159 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | -6826 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 269046 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4822373 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 441743 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 983493 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 243236 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 264894 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 178949 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 195076 | OtherExpensePriorYear |
| Other Expenses Current Year | 224443 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 880055 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1472830 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -611009 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3349543 | RevenuesLessExpensesCY |
| Total Assets BOY | 20473434 | TotalAssetsBOY |
| Total Assets EOY | 25317853 | TotalAssetsEOY |
| Total Liabilities BOY | 1120524 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1444102 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19352910 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 23873751 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO RECEIVE AND ACCEPT FUNDS AND PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES PRIMARILY IN THE TEXAS SOUTH PLAINS AREA. TO ENHANCE PHILANTHROPY AND STRENGTHEN THE SENSE OF COMMUNITY IN THE REGION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1228686 | Expense |
| Grants | 983593 | Grants |
| Revenue | 5556 | Revenue |
| Description | THE ORGANIZATION ATTRACTS AND MANAGES CHARITABLE ENDOWMENTS AND AWARDED GRANTS TO 90 NON-PROFIT ORGANIZATIONS AND SCHOLARSHIPS TO 112 DIFFERENT STUDENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2753 | Expense |
| Revenue | 5375 | Revenue |
| Description | THE ORGANIZATION MAINTAINS A FUNDING INFORMATION CENTER WHICH MAKES INFORMATION AND MATERIALS AVAILABLE TO THOSE PREPARING GRANT REQUESTS. THE ORGANIZATION ASSISTS IN INFORMING AREA GRANT SEEKERS ON HOW TO PREPARE A GRANT REQUEST. FINALLY, THE ORGANIZATION ADMINISTERS OTHER CHARITABLE PROGRAMS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1231439 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 5 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATHY STOCCO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8067628061 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2509 80TH STREET | AddressLine1 |
| City | LUBBOCK | City |
| State | TX | State |
| ZIP Code | 79423 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JOE STETTHEIMER | ||||||
| PRESIDENT | 3.00 | X | X | 0 | 0 | 0 |
| JUANITA KIESLING | ||||||
| PRESIDENT ELECT | 1.00 | X | X | 0 | 0 | 0 |
| JOHN TYE | ||||||
| SECRETARY/TREASURER | 5.00 | X | X | 0 | 0 | 0 |
| MARTHA ANN MCDONALD | ||||||
| VP DONOR RELATIONS | 0.50 | X | X | 0 | 0 | 0 |
| BARBARA GILLEY | ||||||
| PAST PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| LOUISE CUMMINS | ||||||
| GRANTS COMMITTEE CHAIR | 1.50 | X | 0 | 0 | 0 | |
| ZACH BRADY | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| RONNIE AGNEW | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BILL DETOURNILLION | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LISA FLATHERS | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| ABE LINCOLN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BILL LOWELL | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| DEBBIE MACY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| VELMA MEDINA | ||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | |
| GREG PERKINS | ||||||
| DIRECTOR | 0.80 | X | 0 | 0 | 0 | |
| DON RUSHING | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TED RUSHING | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TIM SAMPSON | ||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |
| RANDY SANDERS | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| BENJI SNEAD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RAY THORNTON | ||||||
| DIRECTOR | 1.40 | X | 0 | 0 | 0 | |
| KATHY STOCCO | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 75664 | 0 | 9966 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 75664 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 9966 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 69863 | FundraisingEvents |
| All Other Contributions | 3679246 | AllOtherContributions |
| Total Contributions | 3749109 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MANAGEMENT FEES | 525990 | 5556 | 5556 |
| WORKSHOP INCOME | 611600 | 5375 | 5375 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 10931 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 521434 | TotalRevenueColumn |
| Exclusion | $521,434 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8737238 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8189513 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 547725 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 547725 | TotalRevenueColumn |
| Exclusion | $547,725 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 0 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 69863 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 6826 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -6826 | TotalRevenueColumn |
| Exclusion | -$6,826 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4822373 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10931 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,062,333 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 849577 | Total |
| Program Services | 849577 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133916 | Total |
| Program Services | 133916 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85610 | Total |
| Program Services | 10957 | ProgramServices |
| Management And General | 10017 | ManagementAndGeneral |
| Fundraising | 64636 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139206 | Total |
| Program Services | 58739 | ProgramServices |
| Management And General | 29344 | ManagementAndGeneral |
| Fundraising | 51123 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14041 | Total |
| Program Services | 4526 | ProgramServices |
| Management And General | 3602 | ManagementAndGeneral |
| Fundraising | 5913 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9600 | Total |
| Program Services | 3936 | ProgramServices |
| Management And General | 1984 | ManagementAndGeneral |
| Fundraising | 3680 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16437 | Total |
| Program Services | 5072 | ProgramServices |
| Management And General | 2824 | ManagementAndGeneral |
| Fundraising | 8541 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12850 | Total |
| Program Services | 5140 | ProgramServices |
| Management And General | 2570 | ManagementAndGeneral |
| Fundraising | 5140 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119743 | Total |
| Program Services | 119743 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13865 | Total |
| Program Services | 4279 | ProgramServices |
| Fundraising | 9586 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27098 | Total |
| Program Services | 13742 | ProgramServices |
| Management And General | 2400 | ManagementAndGeneral |
| Fundraising | 10956 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6350 | Total |
| Program Services | 2540 | ProgramServices |
| Management And General | 1270 | ManagementAndGeneral |
| Fundraising | 2540 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9416 | Total |
| Program Services | 4237 | ProgramServices |
| Management And General | 942 | ManagementAndGeneral |
| Fundraising | 4237 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3000 | Total |
| Program Services | 1350 | ProgramServices |
| Management And General | 300 | ManagementAndGeneral |
| Fundraising | 1350 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5091 | Total |
| Program Services | 1697 | ProgramServices |
| Management And General | 1697 | ManagementAndGeneral |
| Fundraising | 1697 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9120 | Total |
| Program Services | 3040 | ProgramServices |
| Management And General | 3040 | ManagementAndGeneral |
| Fundraising | 3040 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4460 | Total |
| Program Services | 1784 | ProgramServices |
| Management And General | 892 | ManagementAndGeneral |
| Fundraising | 1784 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| FUNDRAISING EXPENSES | 7231 | 3510 | 3721 | |
| DUES & SUBSCRIPTIONS | 3466 | 901 | 1005 | 1560 |
| LIBRARY EXPENSES | 2753 | 2753 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1472830 | Total |
| Program Services | 1231439 | ProgramServices |
| Management And General | 62442 | ManagementAndGeneral |
| Fundraising | 178949 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 647063 | BOY |
| EOY | 1588283 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 235097 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 23822 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5202 | BOY |
| EOY | 211275 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19821169 | BOY |
| EOY | 23518295 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20473434 | BOY |
| EOY | 25317853 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1120524 | BOY |
| EOY | 1444102 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1120524 | BOY |
| EOY | 1444102 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19168910 | BOY |
| EOY | 23685751 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184000 | BOY |
| EOY | 188000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19352910 | BOY |
| EOY | 23873751 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20473434 | BOY |
| EOY | 25317853 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3349543 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1171298 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 0 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1284947 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 595941 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 601622 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1064580 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1749109 | CurrentTaxYear |
| Total | 5296199 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1284947 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 595941 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 601622 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1064580 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1749109 | CurrentTaxYear |
| Total | 5296199 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 1627599 | AmountsSubstContributorsTotal |
| Public Support Total170 | 3668600 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 401822 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 660246 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 622203 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 542698 | CurrentTaxYearMinus1Year |
| Current Tax Year | 521434 | CurrentTaxYear |
| Total | 2748403 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 8044602 | TotalSupport |
| Gross Receipts From Admissions Etc | 66927 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.45600 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.46530 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | Schedule A, Part IV, List of Unusual Grants: TO FUND THE BLUE STAR ENDOWMENT Date: 11/15/10 Amount: 2000000. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 38 | NumberDAFsHeld |
| Number Funds Held | 129 | NumberFundsHeld |
| Donor Advised Contributions | 2844374 | DonorAdvisedContributions |
| Contrib To Funds And Other Accounts | 904735 | ContribToFundsAndOtherAccounts |
| Grants Paid From Donor Funds | 62963 | GrantsPaidFromDonorFunds |
| Grants Funds And Other Accounts | 920530 | GrantsFundsAndOtherAccounts |
| Aggregate DAF Value | 7169237 | AggregateDAFValue |
| Aggregate Fund Value | 16704514 | AggregateFundValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 19352910 | BeginningOfYearBalance |
| Contributions | 3760040 | Contributions |
| Investment Earnings Or Losses | 2240457 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 983593 | GrantsOrScholarships |
| Other Expenditures | 433621 | OtherExpenditures |
| Administrative Expenses | 62442 | AdministrativeExpenses |
| End Of Year Balance | 23873751 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 16617000 | BeginningOfYearBalance |
| Contributions | 1073923 | Contributions |
| Investment Earnings Or Losses | 2542042 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 441743 | GrantsOrScholarships |
| Other Expenditures | 380742 | OtherExpenditures |
| Administrative Expenses | 57570 | AdministrativeExpenses |
| End Of Year Balance | 19352910 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20684436 | BeginningOfYearBalance |
| Contributions | 617303 | Contributions |
| Investment Earnings Or Losses | -3508047 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 730799 | GrantsOrScholarships |
| Other Expenditures | 399149 | OtherExpenditures |
| Administrative Expenses | 46744 | AdministrativeExpenses |
| End Of Year Balance | 16617000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12954 | OtherCostOrOtherBasis |
| Book Value | 12954 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 202238 | OtherCostOrOtherBasis |
| Depreciation | 7584 | Depreciation |
| Book Value | 194654 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19905 | OtherCostOrOtherBasis |
| Depreciation | 16238 | Depreciation |
| Book Value | 3667 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 211275 | TotalOfBookValueLandBuildings |
| Total Revenue | 4822373 | TotalRevenue |
| Total Expenses | 1472830 | TotalExpenses |
| Excess Or Deficit For Year | 3349543 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1171298 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 1171298 | TotalAdjustments |
| Excess Or Deficit Per FS | 4520841 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6000497 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1171298 | NetUnrealizedGainsInvestments |
| Other Revenues | 6826 | OtherRevenues |
| Revenue Not Rptd F990 | 1178124 | RevenueNotRptdF990 |
| Revenue Subtotal | 4822373 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4822373 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1479656 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 6826 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 6826 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1472830 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1472830 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part IV, Line 2b: | AN AGENCY ENDOWMENT IS A TYPE OF DESIGNATED FUND ESTABLISHED BY A CHARITY AT LUBBOCK AREA FOUNDATION FOR THE CHARITY'S OWN BENEFIT OR THE BENEFIT OF A RELATED ENTITY. THAT IS, THE DONOR OR RESOURCE PROVIDER AND THE BENEFICIARY OR RECIPIENT IS THE SAME ENTITY. LUBBOCK AREA FOUNDATION HAS LEGAL OWNERSHIP OF FUNDS CONTRIBUTED TO AN AGENCY ENDOWMENT. AS SUCH, LUBBOCK AREA FOUNDATION'S BOARD HAS FIDUCIARY RESPONSIBILITY OVER THE FUNDS. AGENCY ENDOWMENTS ARE ONLY MAINTAINED FOR PUBLIC CHARITIES AND OR GOVERNMENTAL UNITS. | |
| Part V, Line 4: | THE ORGANIZATION'S ENDOWMENT FUNDS ARE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES WHICH ENHANCE PHILANTHROPY AND STRENGTHEN THE SENSE OF COMMUNITY WITHIN THE TEXAS SOUTH PLAINS AREA. | Description of Intended Use of Endowment Funds: |
| Part X: | ON FEBRUARY 1, 2009, LUBBOCK AREA FOUNDATION, INC. ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE CORPORATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE CORPORATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITIES. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2006. | Description of Uncertain Tax Positions Under FIN 48: |
| FUNDRAISING EXPENSES RECLASSED AGAINST FUNDRAISING INCOME 6,826. | Part XII, Line 2d - Other Adjustments: | |
| FUNDRAISING EXPENSES RECLASSED AGAINST FUNDRAISING INCOME 6,826. | Part XIII, Line 2d - Other Adjustments: |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | HEROES LUNCHEON | NameOfEvent1 |
| Gross Receipts Event1 | 69863 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 69863 | CharitableContributionsEvent1 |
| Rent Facility Costs Event1 | 250 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 5063 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 1513 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 69863 | GrossReceiptsTotal |
| Charitable Contributions Total | 69863 | CharitableContributionsTotal |
| Rent Facility Costs Total Events | 250 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 5063 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 1513 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 6826 | DirectExpenseSummaryEvents |
| Net Income Summary | -6826 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (14 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| FRIENDS OF THE LUBBOCK PUBLIC LIBRARY | |||||||
| 1306 9TH STREET | LUBBOCK | TX | 79410 | 756063293 | 501(C)(3) | 7528 | GENERAL OPERATING SUPPORT AND BLACK HISTORY MONTH PRESENTATION FOR PATTERSON LIBRARY. |
| THE LOUISE HOPKINS UNDERWOOD CENTER FOR THE ARTS | |||||||
| 511 AVE K | LUBBOCK | TX | 79401 | 752732616 | 501(C)(3) | 8050 | FUNDING FOR COMMUNITY PROGRAMS AND SERVICES. |
| LUBBOCK ARTS ALLIANCE | |||||||
| 511 AVE K | LUBBOCK | TX | 79401 | 237015858 | 501(C)(3) | 6860 | 31ST ANNUAL LUBBOCK ARTS FESTIVAL AND ONLINE STORE. |
| ALL SAINTS EPISCOPAL SCHOOL OF LUBBOCK | |||||||
| 3222 103RD STREET | LUBBOCK | TX | 79423 | 752166880 | 501(C)(3) | 542763 | GRANTS FOR TEACHERS, GENERAL OPERATIONS, AND THE CAPITAL CAMPAIGN. |
| FAMILY PROMISE OF LUBBOCK INC | |||||||
| PO BOX 1258 | LUBBOCK | TX | 79408 | 752758106 | 501(C)(3) | 8550 | FUNDING FOR A PART-TIME VAN DRIVER. |
| LUBBOCK SYMPHONY ORCHESTRA | |||||||
| 601 AVE K | LUBBOCK | TX | 79401 | 756001993 | 501(C)(3) | 5498 | INSPIRING INTERNS, CHAMBER ENSEMBLE OUTREACH AND PERFORMANCE SERIES PROGRAM, LUBBOCK YOUTH SYMPHONY ORCHESTRA, AND GENERAL OPERATING SUPPORT. |
| WOMEN'S PROTECTIVE SERVICES | |||||||
| PO BOX 54089 | LUBBOCK | TX | 79453 | 751633066 | 501(C)(3) | 5375 | GENERAL OPERATING SUPPORT AND EMERGENCY FUNDS. |
| HUMANE SOCIETY OF WEST TEXAS | |||||||
| 3112 21ST STREET | LUBBOCK | TX | 79424 | 752534120 | 501(C)(3) | 8600 | MEDICAL SUPPLIES. |
| PLAINVIEW COMMUNITY CONCERT ASSOCIATION | |||||||
| PO BOX 1512 | PLAINVIEW | TX | 790731512 | 751904485 | 501(C)(3) | 5000 | FUNDING FOR COMMUNITY CONCERT. |
| RACE TRACK CHAPLAINCY RUIDOSO DOWNS | |||||||
| PO BOX 449 | RUIDOSO DOWNS | NM | 88346 | 237181877 | 501(C)(3) | 5000 | GENERAL OPERATING SUPPORT. |
| BACKYARD MISSION | |||||||
| 8205 QUINCY AVE | LUBBOCK | TX | 79424 | 800378620 | 501(C)(3) | 6222 | TO ASSIST THE ORGANNIZATION WITH THEIR MISSION OF PROVIDING FREE HOME REPAIRS TO NEEDY FAMILIES IN THE LUBBOCK COMMUNITY. |
| LUBBOCK CHILDREN'SHEALTH CLINIC | |||||||
| PO BOX 12103 | LUBBOCK | TX | 79452 | 750968315 | 501(C)(3) | 5776 | GENERAL OPERATING SUPPORT AND PHARMACY ASSISTANCE.GENERAL OPERATING SUPPORT AND PHARMACY ASSISTANCE. |
| UMC FOUNDATION | |||||||
| PO BOX 5980 | LUBBOCK | TX | 79408 | 751639312 | 501(C)(3) | 27144 | CHILDREN'S MIRACLE NETWORK; KIDNEY TRANSPLANT FUND AND GENERAL SUPPORT. |
| WEE CARE CHILD CARE CENTER | |||||||
| 2305 YONKERS | PLAINVIEW | TX | 79072 | 751764937 | 501(C)(3) | 5000 | TO ASSIST WITH A FACILITY EXPANSION. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 14 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS FOR HIGHER EDUCATION. SPECIFICALLY SCHOLARSHIPS FOR ATTENDING JUNIOR COLLEGES OR UNIVERSITIES. | TypeOfGrant |
| Number Of Recipients | 112 | NumberOfRecipients |
| Amount Of Cash Grant | 133916 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: THE LUBBOCK AREA FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS CAPABLE OF PROVIDING SERVICES FOR AREA RESIDENTS. IN THE CASE OF DONOR-ADVISED FUND RECOMMENDATIONS, GRANTS CAN ALSO BE MADE FOR CHARITABLE PURPOSES OUTSIDE OF THE LUBBOCK AREA. THE FOUNDATION WILL REVIEW THE CREDENTIALS OF ALL NON-PROFIT ORGANIZATIONS SEEKING GRANTS. THIS REVIEW WILL INCLUDE VERIFICATION OF IRS RULING AND PROGRAM EVALUATIONS THAT DETAIL THE USE OF FUNDS GRANTED. THE FOUNDATION IS OBLIGATED TO WITHHOLD OR RECALL GRANTS TO ORGANIZATIONS THAT CANNOT OR ARE UNWILLING TO PROVIDE APPROPRIATE DOCUMENTATION AND REPORTS THAT ENSURE APPROPRIATE USE OF FUNDS. ADDITIONAL CRITERIA FOR EVALUATION OF REQUESTS FOR FUNDING FROM THE FOUNDATION'S UNRESTRICTED FUNDS MAY INCLUDE THE FOLLOWING: 1. SCREENING FOR ELIGIBILITY: HAS THE ORGANIZATION PROVIDED BASIC DOCUMENTATION, INCLUDING IRS DETERMINATION LETTER AND FINANCIAL STATEMENTS? IS THERE A CLEAR AND CONCISE PROPOSAL? DOES THE REQUEST MEET THE LEGAL REQUIREMENTS AND THE INTEREST AREAS OF THE LUBBOCK AREA FOUNDATION? 2. ORGANIZATION STRENGTH: IS THIS A CREDIBLE ORGANIZATION? WHAT IS ITS MISSION? WHAT IS ITS PROFESSIONAL STANDING WITHIN ITS COMMUNITY? WHAT IS ITS TRACK RECORD? WHO IS SERVED AND ARE THERE SIMILAR PROGRAMS IN THE SAME GEOGRAPHICAL AREA? IS THERE EVIDENCE OF COMMUNITY SUPPORT? 3. PEOPLE: DO KEY PERSONNEL HAVE THE NECESSARY EXPERTISE TO UNDERTAKE THE PROPOSED PROGRAM AND CAPABILITY TO REACH THE OBJECTIVES? IS THE MANAGEMENT WELL-ORGANIZED? DOES THE BOARD COMPOSITION REFLECT AN APPROPRIATE DIVERSITY OF SKILLS AND BACKGROUNDS? 4. FINANCIAL CONDITION: HOW DOES THE AGENCY MEET DAY-TO-DAY OPERATIONS? IS THERE A BROAD BASE OF SUPPORT? IF THERE IS AN OPERATIONAL DEFICIT, HOW DOES THE AGENCY INTEND TO MEET THE DEFICIT? DOES THE PROGRAM HAVE A CREDIBLE BUDGET? 5. IDENTIFIED NEED TO BE ADDRESSED: HAS AN IMPORTANT PROBLEM OF WORKABLE DIMENSIONS BEEN PRESENTED AND DATA BEEN GIVEN TO SUBSTANTIATE THE PROBLEM? 6. PROGRAM OBJECTIVES: WHAT WILL BE ACCOMPLISHED WITH THE PROPOSED FUNDING? ARE THE OBJECTIVES REALISTIC AND MEASURABLE? DO THEY RELATE TO THE STATED PROBLEM OR NEED? IF THIS IS A NEW ACTIVITY OR APPROACH, WHAT HAS BEEN LEARNED FROM RESEARCH OR A SIMILAR PROGRAM? 7. METHODS: ARE THE PLANS SUFFICIENTLY DETAILED? IS THERE EVIDENCE GIVEN THAT SUPPORT THE PROPOSED RESULTS? IS THE TIMETABLE FOR IMPLEMENTATION REALISTIC? 8. EVALUATION: IS THERE A PROCEDURE DESIGNED TO MEASURE ACCOMPLISHMENTS OR OBJECTIVES? 9. FUTURE/OTHER FUNDING: WHAT OTHER FUNDING SOURCES HAVE BEEN IDENTIFIED? IF THE PROGRAM IS TO BE CONTINUED BEYOND THE GRANT PERIOD, IS A VERIFIABLE PLAN PRESENTED FOR FUTURE FINANCIAL SUPPORT? IF THE DUE DILIGENCE INVESTIGATION DETERMINES THAT THE PROSPECTIVE GRANTEE QUALIFIES FOR A GRANT DISTRIBUTION, THE PROPOSAL WILL BE PRESENTED TO THE GRANTS COMMITTEE FOR CONSIDERATION. IF THE DUE DILIGENCE INVESTIGATION DETERMINES THAT THE PROSPECTIVE GRANTEE DOES NOT QUALIFY FOR A GRANT DISTRIBUTION, THE FOUNDATION WILL INFORM THE PROSPECTIVE GRANTEE, AND IF APPLICABLE, THE FUND ADVISOR WHO RECOMMENDED THE GRANT, OF THIS DECISION AND THE APPLICATION/RECOMMENDATION SHALL BE CONSIDERED REJECTED. PROPOSALS ARE PRESENTED BY THE FOUNDATION STAFF TO THE GRANTS COMMITTEE. GRANTS COMMITTEE RECOMMENDATIONS ARE THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. STAFF AND THE GRANTS COMMITTEE MEMBERS WILL ANNUALLY REVIEW FUND AGREEMENTS THAT CLEARLY DESCRIBE DONOR INTENT AND THE PURPOSE FOR WHICH THE FUND WAS ESTABLISHED. STAFF AND GRANTS COMMITTEE MEMBERS WILL DISCUSS SUITABLE GRANTEES FOR DONOR ADVISED, FIELD-OF-INTEREST AND UNRESTRICTED FUNDS AT EACH GRANTS COMMITTEE MEETING. DONORS WILL BE ENCOURAGED TO REVIEW AGREEMENTS WITH THEIR PERSONAL ADVISORS. DONORS WILL ALSO BE ORIENTED TO FOUNDATION ADMINISTRATIVE FEES AND PROCEDURES FOR RECOMMENDING GRANTS, AND THEY WILL RECEIVE SEMI-ANNUAL REPORTS THAT DETAIL FUND ACTIVITY. FUND ADVISORS SHOULD EXPECT REGULAR COMMUNICATION FROM THE FOUNDATION, INCLUDING INFORMATION ON UNMET COMMUNITY NEEDS THAT COULD POSSIBLY BE SUPPORTED THROUGH THEIR FUNDS. | Explanation |
Schedule M IRS990ScheduleM
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 215192 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | CLOSING STATEMENT | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | BOARD MEMBERS, DON AND TED RUSHING, ARE BROTHERS. | |
| Form 990, Part VI, Section B, line 11 | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. | |
| BOARD MEMBERS AND STAFF ARE REQUIRED TO COMPLETE AND RETURN A STATEMENT EACH YEAR STATING THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND AGREE TO ABIDE BY ITS TERMS. | Form 990, Part VI, Section B, line 12c | |
| THE ORGANIZATION PUTS AN ELECTRONIC COPY OF IT'S MOST RECENT FORM 990 AND AUDITED FINANCIAL STATEMENTS ON THEIR WEBSITE. ADDITIONALLY, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE. | Form 990, Part VI, Section C, line 19 | |
| Changes in Net Assets or Fund Balances: | Net unrealized gains on investments: 1,171,298. | Form 990, Part XI, line 5: |
| AUDIT COMMITTEE | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. | Form 990, Part XI, Line 2c |
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