Lubbock Entertainment And Performing Arts Association
- Assets
- $190.1m
- Revenue
- $4.0m
- Investments
- $6.9m
- Employees
- 2
- Location
- Lubbock, TX
- Founding
- 04/2013
- Data as of
- 09/2021
- 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 09/2021, Lubbock Entertainment And Performing Arts Association employed 2 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 09/2021, Lubbock Entertainment And Performing Arts Association generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.8m during the year ending 09/2021. 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
2021
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
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.
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.
A KODALY INSTITUTE SYMPOSIUM WORKSHOP WAS HELD IN LUBBOCK JULY 2021, PROVIDING MUSIC EDUCATION INSTRUCTION TO THE 300 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Collins Chairman | OfficerTrustee | 10 | $0 |
Patty D'alise Vice Chairman | OfficerTrustee | 1 | $0 |
Mark Bass Treasurer | OfficerTrustee | 3 | $0 |
Marianna Markham Secretary | OfficerTrustee | 1.5 | $0 |
Michelle Stephens Executive Director | Officer | 40 | $0 |
Matthew Bumstead Director | Trustee | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lee Lewis Construction Inc Construction | 9/29/21 | $28,067,331 |
Garfield Publicprivate Llc Development | 9/29/21 | $4,066,545 |
Smg Consulting Services | 9/29/21 | $397,696 |
Parkhill Smith & Cooper Design Services | 9/29/21 | $363,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,762,957 |
| Noncash contributions included in lines 1a–1f | $18,744 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,777,657 |
| Total Program Service Revenue | $835,862 |
| Investment income | $130,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $224,876 |
| Net Gain/Loss on Asset Sales | -$2,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$196 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,966,271 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,489 |
| Pension plan accruals and contributions | $3,379 |
| Other employee benefits | $41,215 |
| Payroll taxes | $4,772 |
| Fees for services: Management | $118,444 |
| Fees for services: Legal | $3,156 |
| Fees for services: Accounting | $79,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,490 |
| Advertising and promotion | $48,651 |
| Office expenses | $26,777 |
| Information technology | $9,926 |
| Royalties | $0 |
| Occupancy | $37,443 |
| Travel | $93 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,696 |
| Interest | $2,219,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,932 |
| Insurance | $131,531 |
| All other expenses | $0 |
| Total functional expenses | $4,800,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,700,928 |
| Savings and temporary cash investments | $2,448,697 |
| Pledges and grants receivable | $9,434,683 |
| Accounts receivable, net | $1,183,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,671 |
| Prepaid expenses and deferred charges | $82,048 |
| Net Land, buildings, and equipment | $161,086,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,859,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,333,960 |
| Total assets | $190,146,565 |
| Accounts payable and accrued expenses | $2,175,665 |
| Grants payable | $0 |
| Deferred revenue | $5,456,550 |
| 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 | $91,953,003 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,669,685 |
| Total liabilities | $109,254,903 |
| Net assets without donor restrictions | $57,491,633 |
| Net assets with donor restrictions | $23,400,029 |
| 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 | $190,146,565 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lubbock Entertainment And Performing Arts Association has recieved totaling $75,134.
| Awarding Organization | Amount |
|---|---|
Snell Charitable Foundation Inc Vernon, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ENTITY | $25,000 |
At&t Foundation Dallas, TX PURPOSE: ARTS, MEDIA & CULTURE | $25,000 |
The@robert D And Alma Moreton Foundation Chicago, IL PURPOSE: GENERAL | $15,000 |
Community Foundation Of West Texas Lubbock, TX PURPOSE: BUDDY HOLLY HALL | $10,010 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Endowment Analysis
| Beg. Balance | $5,412,665 |
| Earnings | $1,236,503 |
| Ending Balance | $6,649,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Dallas Summer Musicals Inc Dtd 121862 Dallas, TX | $10,391,803 | $15,176,693 |
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Contemporary Arts Center New Orleans, LA | $8,950,916 | $2,836,743 |
Preservation Hall Foundation Inc New Orleans, LA | $2,657,700 | $2,671,447 |
El Dorado Festivals & Events Inc El Dorado, AR | $56,070,172 | $5,007,919 |
Georgetown Palace Theatre Inc Georgetown, TX | $7,443,591 | $5,634,871 |
Sammons Center For The Arts Dallas, TX | $1,480,385 | $820,044 |