Lubbock Osteopathic Fund Inc
- Assets
- $0.0
- Revenue
- $143.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 08/1981
- Data as of
- 04/2020
- EIN
- 75-0979454
Organization Overview
Lubbock Osteopathic Fund Inc is located in Lubbock, TX. The organization was established in 1981. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations.
For the year ending 04/2020, Lubbock Osteopathic Fund Inc generated $143.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $138.7k during the year ending 04/2020. While expenses have increased by 7.4% 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.
Since 2016, Lubbock Osteopathic Fund Inc has awarded 32 individual grants totaling $366,689. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - THE FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Patrick Hanford President | 0 | $0 | |
Dr Michael Roffer Vice Preside | 0 | $0 | |
Chip Gilmour Sec/treas | 0 | $0 | |
Susan Alger Director | 0 | $0 | |
Dr Borerta Beals Director | 0 | $0 | |
Dr Ronald Cook Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $176 |
| Dividends & Interest | $27,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,623 |
| Capital Gain Net Income | $6,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,292 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $29,750 |
| Pension plans, employee benefits | $2,276 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,930 |
| Printing and publications | $0 |
| Other expenses | $13,408 |
| Total operating and administrative expenses | $57,774 |
| Contributions, gifts, grants paid | $80,876 |
| Total expenses and disbursements | $138,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lubbock Osteopathic Fund Inc has awarded $80,876 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GUADALUPE PARKWAY CENTER PURPOSE: EQUIPMENT | $5,000 |
LUBBOCK MEALS ON WHEELS PURPOSE: EQUIPMENT | $10,160 |
SALVATION ARMY PURPOSE: EQUIPMENT | $1,000 |
TEXAS TECH FOUNDATION PURPOSE: EQUIPMENT | $64,716 |