Lubbock Impact Inc
- Assets
- $2.0m
- Revenue
- $593.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Lubbock, TX
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-1607120
Organization Overview
Lubbock Impact Inc is located in Lubbock, TX. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Lubbock Impact Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Impact Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lubbock Impact Inc generated $593.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $510.9k during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE RESIDENTS OF LUBBOCK WHO ARE IN A DIFFICULT ECONOMIC SITUATION. WE PROVIDE FOOD, CLOTHING AND MEDICAL CARE IN ORDER TO HELP AN INDIVIDUAL START MAKING STEPS TOWARD MOVING OUT OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD, ESSENTIALS AND HYGIENE - PROVIDE A HOT MEAL WEEKLY TO OVER 300 INDIVIDUALS AND FAMILIES PER WEEK AND DISTRIBUTE FOOD BANK VOUCHERS TO OVER 125 INDIVIDUALS EACH MONTH. DUE TO THE COVID-19 PANDEMIC OVER 15,000 MEALS WERE SERVED IN A DRIVE THRU STYLE INSTEAD OF OUR "FAMILY KITCHEN." CLOTHING - THE "FAMILY CLOSET" IS OPEN ONE DAY PER WEEK ALLOWING PERSONS TO SELECT FROM DONATED CLOTHES AS NEEDED AT NO CHARGE. OVER 600 INDIVIDUALS RECEIVE CLOTHING EACH MONTH.MEDICAL CLINIC - PROVIDE A NO CHARGE FULLY EQUIPPED FAMILY PRACTICE CLINIC TO ANY UNINSURED PERSON WHO NEEDS TO SEE A DOCTOR. CLINIC IS OPEN WEDNESDAY EVENING. IN HOUSE PHARMACY FOR MEDICATION PRESCRIBED IN OUR MEDICAL CLINIC. OVER 125 INDIVIDUALS ARE SERVED BY THE CLINIC EACH MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Robertson Executive Director | Officer | 45 | $66,829 |
Glenna Applewhite Chairman | OfficerTrustee | 3.5 | $0 |
Yvonne Dorman Vice Chairman | OfficerTrustee | 6 | $0 |
Michael Buchanan Treasurer | OfficerTrustee | 2 | $0 |
Curry Blackwell Secretary | OfficerTrustee | 1 | $0 |
Jason Pace Past Chairman | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,986 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $392,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,117 |
| Total Program Service Revenue | $0 |
| Investment income | $10,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,575 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,291 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,184 |
| Compensation of current officers, directors, key employees. | $3,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,480 |
| Information technology | $1,552 |
| Royalties | $0 |
| Occupancy | $179,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,755 |
| Insurance | $779 |
| All other expenses | $2,590 |
| Total functional expenses | $510,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $627 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,304,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,041,311 |
| Accounts payable and accrued expenses | $16,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,710 |
| Net assets without donor restrictions | $2,024,601 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,041,311 |
Grants Awarded
Over the last fiscal year, Lubbock Impact Inc has awarded $29,291 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNPACK INCORPORATED PURPOSE: TO SUPPORT FAMILY MEETINGS AND LADIES CLASSES | $10,000 |
GRACE PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $19,291 |