Lubbock Christian University
- Assets
- $106.7m
- Revenue
- $55.0m
- Investments
- $0.0
- Employees
- 947
- Location
- Lubbock, TX
- Founding
- 12/1956
- Data as of
- 06/2019
- EIN
- 75-0950119
Organization Overview
Lubbock Christian University is located in Lubbock, TX. The organization was established in 1956. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Lubbock Christian University employed 947 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Christian University 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 06/2019, Lubbock Christian University generated $55.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $47.3m during the year ending 06/2019. While expenses have increased by 2.8% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
LUBBOCK CHRISTIAN UNIVERSITY IS A CHRIST-CENTERED, ACADEMIC COMMUNITY OF LEARNERS, TRANSFORMING THE HEARTS, MINDS, AND HANDS OF STUDENTS FOR LIVES OF PURPOSE AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ACADEMIC INSTRUCTION WITH SMALL, PERSONAL CLASS SIZE, A 13:1 STUDENT TO FACULTY RATIO, OUTSTANDING FACULTY AND MENTORS, OVER 65 EXCEPTIONAL ACADEMIC PROGRAMS PROVIDED WITH A SAFE, INTIMATE, WELCOMING CAMPUS COMMUNITY THAT OFFERS STUDENTS AN OPPORTUNITY TO SUCCEED - PERSONALLY, SPIRITUALLY, AND PROFESSIONALLY. LCU ACHIEVES AN EXCEPTIONALLY HIGH PLACEMENT RATE FOR GRADUATES OF OUR EDUCATION PROGRAM AND OUR PRE-MED AND PRE-DENTAL MAJORS ARE ACCEPTED INTO THEIR RESPECTIVE PROFESSIONAL SCHOOLS AT RATES FAR EXCEEDING THE NATIONAL AVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott A Mcdowell President | Officer | 40 | $257,168 |
Foy D Mills Provost | Officer | 40 | $166,657 |
Stephen R Gomez Women's Basketbll Coach | 40 | $142,615 | |
Jeffrey D Smith Physician | 40 | $136,778 | |
Brian T Starr Senior VP For Administration | 40 | $129,327 | |
Joann Long Professor - Director Nursing | 40 | $121,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cantex Roofing & Construction Construction | 6/29/21 | $2,781,166 |
Scott Collier Construction Construction | 6/29/21 | $4,634,788 |
Blue Cross Blue Shield Of Texas Health Insurance | 6/29/21 | $1,595,453 |
Aramark Services Inc Food Service | 6/29/21 | $1,412,011 |
City Of Lubbock Utilities Utility Service | 6/29/21 | $673,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,448,088 |
| Investment income | $8,487,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $214,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,957,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,639,691 |
| Grants and other assistance to Foreign Orgs/Individuals | $348,709 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,580,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,201,098 |
| Payroll taxes | $1,112,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $857,370 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $656,341 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,661,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $631,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,327,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,755,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,628,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,666,903 |
| Inventories for sale or use | $65,506 |
| Prepaid expenses and deferred charges | $462,377 |
| Investments—publicly traded securities | $9,192,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,154,504 |
| Total assets | $106,659,922 |
| Accounts payable and accrued expenses | $2,637,620 |
| Grants payable | $0 |
| Deferred revenue | $500,000 |
| 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 | $21,485,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,234 |
| Total liabilities | $24,885,808 |
| Net assets without donor restrictions | $52,916,015 |
| Net assets with donor restrictions | $7,737,223 |
| Capital stock or trust principal, or current funds | $21,120,876 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $81,774,114 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lubbock Christian University has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Sojourner Educational Foundation Snyder, TX PURPOSE: EDUCATION | $30,000 |
Endowment Analysis
| Beg. Balance | $20,984,281 |
| Earnings | $8,705,846 |
| Net Contributions | $3,095,218 |
| Grants | $1,005,657 |
| Ending Balance | $31,779,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |
Oklahoma Christian University Inc Oklahoma City, OK | $129,228,959 | $77,254,883 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
Wayland Baptist University Plainview, TX | $171,784,780 | $76,328,072 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Texas Lutheran University Seguin, TX | $175,887,975 | $71,493,316 |
Schreiner University Kerrville, TX | $168,371,925 | $56,783,840 |
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |
Mcmurry University Abilene, TX | $155,891,753 | $53,294,386 |