Lubbock International Cultural Center Inc
- Assets
- $677.3k
- Revenue
- $27.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 09/1988
- Data as of
- 12/2020
- EIN
- 75-2236038
Organization Overview
Lubbock International Cultural Center Inc is located in Lubbock, TX. The organization was established in 1988. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock International Cultural Center 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 12/2020, Lubbock International Cultural Center Inc generated $27.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $57.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (33.4%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GOOD WILL BETWEEN THE PEOPLES OF THE UNITED STATES AND THE PEOPLES OF THE WORLD THROUGH CULTURAL, EDUCATIONAL, AND NETWORKING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHING, CONTRACTING, AND MAINTAINING IN THE CITY OF LUBBOCK, AN INTERNATIONAL CULTURAL CENTER SO AS TO AFFORD A PLACE FOR LOCAL IDEAS AND A BETTER UNDERSTANDING OF THE WORLD.
ESTABLISHING, CONTRACTING, AND MAINTAINING IN THE CITY OF LUBBOCK, AN INTERNATIONAL CULTURAL CENTER SO AS TO AFFORD A PLACE FOR LOCAL IDEAS AND A BETTER UNDERSTANDING OF THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Carruth Vice Preside | OfficerTrustee | 2 | $0 |
Calvin Davis President | OfficerTrustee | 2 | $0 |
Anthony Brocato Treasurer | OfficerTrustee | 2 | $0 |
Reynald Lops Secretary | OfficerTrustee | 2 | $0 |
Steve Presley Vice Preside | OfficerTrustee | 2 | $0 |
Joe Scarborough Past Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,820 |
| Total Program Service Revenue | $0 |
| Investment income | $10,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,290 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,274 |
| Fees for services: Other | $35,235 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $57,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,318 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $665,996 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $677,314 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $677,314 |
| Total liabilities and net assets/fund balances | $677,314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lubbock International Cultural Center Inc has recieved totaling $208,982.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of West Texas Lubbock, TX PURPOSE: GENERAL OPERATING SUPPORT. | $208,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eurasia Group Foundation Albuquerque, NM | $704,541 | $1,068,150 |
Japan-America Society Of Dallas Fort Worth Plano, TX | $1,009,561 | $671,573 |
Jerusalem Peacebuilders Inc Houston, TX | $388,949 | $428,560 |
Japan-America Society Of Houston Inc Houston, TX | $711,852 | $291,379 |
Arbol De Vida El Paso, TX | $357,948 | $298,187 |
Tulsa Global Alliance Inc Tulsa, OK | $530,149 | $266,677 |
Sphoorti Foundation Usa Frisco, TX | $715,133 | $419,642 |
Lao American Association Houston, TX | $224,166 | $0 |
Odisha Society Of The Americas Cedar Park, TX | $991,570 | $374,213 |
Center For International Studies Albuquerque, NM | $329,189 | $0 |
Council On American Islamic-Relations Austin Texas Austin, TX | $78,982 | $0 |
Limina Foundation Santa Fe, NM | $84,021 | $0 |