Lubbock Entertainment And Performing Arts Association
- Assets
- $171.2m
- Revenue
- $7.7m
- Investments
- $7.4m
- Employees
- 4
- Location
- Lubbock, TX
- Founding
- 04/2013
- Data as of
- 09/2023
- EIN
- 46-1912406
Organization Overview
Lubbock Entertainment And Performing Arts Association is located in Lubbock, TX. The organization was established in 2013. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Lubbock Entertainment And Performing Arts Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Entertainment And Performing Arts Association 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 09/2023, Lubbock Entertainment And Performing Arts Association generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $11.5m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hunsinger 1222 - 923 CEO | Officer | 40 | $15,530 |
Mark Bass Chairman | OfficerTrustee | 4 | $0 |
Beth Bridges Vice Chairman | OfficerTrustee | 1 | $0 |
Matthew Bumstead Treasurer | OfficerTrustee | 0.75 | $0 |
Marianna Markham Secretary | OfficerTrustee | 1.5 | $0 |
Tim Collins Immediate Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Utp Productions Inc Stagehands And Show Set-ups | 9/29/23 | $885,772 |
Ronnie Zahn Paving Inc Paving | 9/29/23 | $764,402 |
Kt Black Security And Cleaning | 9/29/23 | $580,955 |
Smg Holdings Llc Consulting And Management | 9/29/23 | $547,477 |
South Plains Service Llc Electrical Work, Lighting | 9/29/23 | $125,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,068,454 |
| Noncash contributions included in lines 1a–1f | $544,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,073,454 |
| Total Program Service Revenue | $3,003,211 |
| Investment income | $193,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $299,835 |
| Net Gain/Loss on Asset Sales | -$67,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,664,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $169,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,065,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $268,361 |
| Payroll taxes | $94,370 |
| Fees for services: Management | $349,167 |
| Fees for services: Legal | $569 |
| Fees for services: Accounting | $98,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,969 |
| Advertising and promotion | $20,765 |
| Office expenses | $34,220 |
| Information technology | $117,564 |
| Royalties | $0 |
| Occupancy | $902,002 |
| Travel | $34,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,333,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,037,356 |
| Insurance | $350,481 |
| All other expenses | $67,513 |
| Total functional expenses | $11,510,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,626,298 |
| Savings and temporary cash investments | $1,295,924 |
| Pledges and grants receivable | $3,659,487 |
| Accounts receivable, net | $219,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,930 |
| Prepaid expenses and deferred charges | $67,933 |
| Net Land, buildings, and equipment | $148,869,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,372,741 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,075,424 |
| Total assets | $171,205,435 |
| Accounts payable and accrued expenses | $2,060,318 |
| Grants payable | $0 |
| Deferred revenue | $4,583,638 |
| 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 | $57,281,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,150,954 |
| Total liabilities | $73,076,062 |
| Net assets without donor restrictions | $85,801,221 |
| Net assets with donor restrictions | $12,328,152 |
| 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 | $171,205,435 |