2024-07-26T11:09:15-05:00 2023-09-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2022-10-01 900183669 LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE LUBB 8067494500 1500 BROADWAY 600 LUBBOCK TX 79401 JANA JOHNSTON CFO/COO 8067494500 2024-07-18 1 0 MATT R WILLIS P00419741 8067473806 2024-07-18 X 2022 2024-08-08 14:25:15Z JOHN OSBORNE 1500 BROADWAY 600 LUBBOCK TX 79401 12728708 0 X WWW.LUBBOCKEDA.ORG X 2004 TX TO PROMOTE ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, INVESTING IN NEW CAPITAL IMPROVEMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND ENHANCING LUBBOCK'S QUALITY OF LIFE. 9 9 14 9 0 0 10073384 11712216 0 56430 92136 869831 74562 90216 10240082 12728693 33212322 1635571 0 0 1477483 1486629 0 0 0 11946400 2977592 46636205 6099792 -36396123 6628901 26107253 61566582 39355901 68186329 -13248648 -6619747 X TO PROMOTE ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, INVESTING IN NEW CAPITAL IMPROVEMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND ENHANCING LUBBOCK'S QUALITY OF LIFE. 0 0 5480932 1635571 57430 LEDA EXPERIENCED A TREMENDOUS AMOUNT OF INTEREST FROM COMPANIES ACROSS THE COUNTRY. LEDA CONTINUED ITS WORK WITH LEPRINO FOODS AS THEY BEGAN CONSTRUCTION ON A $1 BILLION+ CHEESE MANUFACTURING FACILITY EMPLOYING OVER 670 INDIVIDUALS IN LUBBOCK. THIS PROJECT IS THE SINGLE LARGEST PRIVATE CAPITAL INVESTMENT IN THE HISTORY OF LUBBOCK. LEDA ALSO ENTERED INTO A CONTRACT WITH PLANT AGRICULTURAL SYSTEMS TO BRING GREENHOUSE HYPRONICS AGRICULTURE TO LUBBOCK FOR THE PRODUCTION OF LEAFY AND VINE VEGETABLES. OVER A PERIOD OF 10 YEARS, THE PLANT HAS PLANS TO GROW TO A TOTAL OF 13 ONE MILLION SQUARE FOOT GREENHOUSES THAT WILL EMPLOY UP TO 975 PEOPLE. THE SELECTION OF LUBBOCK FOR THESE COMPANIES HAS REQUIRED LEDA TO EXTEND THE ROADS AND UTILITIES IN EAST LUBBOCK TO SUPPORT THE GROWTH OF THE LUBBOCK ECONOMY IN THAT AREA OF THE CITY. IN ADDITION TO THESE FOOD PRODUCTION COMPANIES LOCATED IN EAST LUBBOCK, DURALINE, LLC, A MANUFACTURER OF HDPE FIBER OPTICS CABLE, CONTRACTED WITH LEDA TO CREATE 141 NEW JOBS AND INVEST $52 MILLION IN A BUILDING AND EQUIPMENT AT LUBBOCK BUSINESS PARK. LEDA'S WORKFORCE TRAINING EFFORTS PROVIDED NEW TECHNICAL TRAINING EQUIPMENT TO AREA SCHOOL DISTRICTS TO TRAIN THEIR STUDENTS TO BE READY TO ENTER THE JOB MARKET UPON GRADUATION AND LEDA CONTINUES TO INVEST SIGNIFICANT RESOURCES TO AREA SECONDARY SCHOOLS TO ENSURE THAT HIGH SCHOOL STUDENTS ARE PREPARED TO EITHER CONTINUE THEIR EDUCATION OR TO BE QUALIFIED TO OBTAIN GOOD-PAYING JOBS UPON GRADUATION. INTEREST IN BUSINESS EXPANSION TO LUBBOCK REMAINS STRONG AND THE LEDA SALES TEAM CONTINUES TO MEET WITH NATIONAL AND INTERNATIONAL COMPANIES TO CONSIDER EXPANSION INTO THE LUBBOCK MARKET. LEDA AND LUBBOCK ARE POISED TO MAKE SIGNIFICANT STRIDES IN SECURING A STRONG WORK ENVIRONMENT IN LUBBOCK. 5480932 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 3 0 14 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JANA JOHNSTON 8067494500 1500 BROADWAY STE 600 LUBBOCK TX 79401 BRETT CATE CHAIRMAN 2.00 2.00 X X 0 0 0 JAMES CONWRIGHT VICE CHAIRMAN 1.00 1.00 X X 0 0 0 BARRY ORR 1022 - 1122 DIRECTOR 1.00 1.00 X 0 0 0 SUZANN KIRBY 1022 - 1122 DIRECTOR 1.00 1.00 X 0 0 0 JOHN OPPERMAN DIRECTOR 1.00 1.00 X 0 0 0 MATTHEW BUMSTEAD 1022 - 1122 DIRECTOR 1.00 1.00 X 0 0 0 CHRIS CARPENTER DIRECTOR 1.00 1.00 X 0 0 0 HENRY PATEL DIRECTOR 1.00 1.00 X 0 0 0 SONNY GARZA DIRECTOR 1.00 1.00 X 0 0 0 WALTER CATHEY DIRECTOR 1.00 1.00 X 0 0 0 SARAH BEVERS DIRECTOR 1.00 1.00 X 0 0 0 BLAKE WOMBLE DIRECTOR 1.00 1.00 X 0 0 0 MELISSA COLLIER DIRECTOR 1.00 1.00 X 0 0 0 JOHN OSBORNE CEO 20.00 20.00 X 413308 0 46921 JANA JOHNSTON CFO/COO 20.00 20.00 X 211995 0 19004 CHRISTINE ALLEN VICE PRESIDENT 20.00 20.00 X 127336 0 36171 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETENTION 20.00 20.00 X 128494 0 34863 DAVID RUSHING DIRECTOR OF RECRUITMENT 20.00 20.00 X 113406 0 464 KATHERINE WHITE DIRECTOR OF MARKETING & COMMUNICATIONS 20.00 20.00 X 114957 0 9953 JORGE QUIRINO DIRECTOR OF DOWNTOWN & SPECIAL PROJECTS 20.00 20.00 X 126363 0 14841 1235859 0 162217 7 0 1 0 RINK'S LEASE SERVICE INC PO BOX 456 LEVELLAND TX 79336 CONSTRUCTION SERVICES 1575291 PARKHILL SMITH & COOPER 4222 85TH ST LUBBOCK TX 79423 ENGINEERING SERVICES 992902 TURFMASTER IRRIGATION & LANDSCAPING 5308 CR 7570 LUBBOCK TX 79424 CONSTRUCTION SERVICES 726700 UTILITY CONTRACTORS OF AMERICA 5805 CR 7700 LUBBOCK TX 79424 CONSTRUCTION SERVICES 697409 WEST TEXAS PAVING INC 10104 ALCOVE AVE WOLFFORTH TX 79382 CONSTRUCTION SERVICES 374901 7 1000000 10712216 11712216 RAILPORT DIRT REMOVAL 900099 56430 56430 56430 867346 867346 89216 0 89216 89216 89216 2500 15 2485 2485 2485 RIGHT OF WAY DAMAGE 900099 1000 1000 1000 12728693 57430 0 959047 1635571 1635571 854735 641051 213684 414979 311235 103744 49816 37362 12454 58208 43656 14552 108891 81668 27223 293412 220059 73353 21573 16180 5393 12671 9503 3168 541794 541794 29257 21943 7314 40524 30393 10131 287227 255252 31975 111987 104194 7793 48422 40242 8180 865537 865537 285605 285605 27580 20685 6895 BUSINESS PARK MAINT. 226326 169744 56582 MEMBERSHIP DUES 141305 105979 35326 FORGIVEN RECEIVABLE 40000 40000 MISCELLANEOUS 4372 3279 1093 6099792 5480932 618860 0 12827768 32820923 2609166 3676335 7382940 16824378 9643010 1398064 3287379 8244946 26107253 61566582 783980 505890 33861064 34527800 4710857 4445067 12675000 0 16032572 39355901 68186329 X 0 0 0 0 -13248648 -6619747 -13248648 -6619747 26107253 61566582 6628901 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9316499 1178838 8137661 12022 12022 0 149683 119308 30375 164806 87896 76910 8244946 LEASE OBLIGATION 82572 TAXABLE BOND ISSUE 15950000 16032572 12728693 0 12728693 0 12728693 6099792 0 6099792 0 6099792 1 BAYER CROP SCIENCE 800 N LINDBERGH BOULEVARD ST LOUIS MO 63167 383186048 N/A 244000 0 ECONOMIC DEVELOPMENT BAYER TRAIT RESEARCH 800 N LINDBERGH BOULEVARD ST LOUIS MO 63167 383186048 N/A 0 373367 FAIR MARKET VALUE LAND AND IRRIGATION EQUIPMENT ECONOMIC DEVELOPMENT BVLBP2 5820 W NORTHEAST HWY STE 200 DALLAS TX 75225 831127382 N/A 0 5681 FAIR MARKET VALUE LAND GRANTED TO EXPANSION ECONOMIC DEVELOPMENT CORTEVA 7100 NW 62ND AVENUE JOHNSTON IA 50131 510391677 N/A 50000 0 ECONOMIC DEVELOPMENT COVENANT MEDICAL CENTER 3515 19TH ST LUBBOCK TX 79410 822913146 501(C)(3) 7500 0 EQUIPMENT NEEDS DENVER CITY ISD 501 MUSTANG AVENUE DENVER CITY TX 79323 756002455 GOV'T ENTITY 9061 0 EQUIPMENT NEEDS LITTLEFIELD ISD 1207 EAST 14TH STREET LITTLEFIELD TX 79339 756001963 GOV'T ENTITY 26042 0 EQUIPMENT NEEDS LUBBOCK ISD 1628 19TH STREET LUBBOCK TX 79401 756001989 GOV'T ENTITY 29105 0 EQUIPMENT NEEDS MTBC BEAUTY SUPPLY 9001 AVENUE P LUBBOCK TX 79423 752621200 N/A 125000 0 ECONOMIC DEVELOPMENT PORTS TO PLAINS ALLIANCE PO BOX 16226 LUBBOCK TX 79490 752880918 501(C)(6) 10000 0 ECONOMIC DEVELOPMENT SOUTH PLAINS COLLEGE 1401 COLLEGE AVENUE BOX 5 LEVELLAND TX 79336 756004667 501( C )( 3 ) 500000 0 ECONOMIC DEVELOPMENT SPRINGLAKE EARTH ISD 472 FM 302 EARTH TX 79031 756002498 GOV'T ENTITY 19153 0 EQUIPMENT NEEDS TYLER TECHNOLOGIES INC 5519 53RD STREET LUBBOCK TX 79414 752303920 N/A 16000 0 ECONOMIC DEVELOPMENT SPUR ISD 800 NORTH CALVERY SPUR TX 79370 756002501 GOV'T ENTITY 45405 0 EQUIPMENT NEEDS X-FAB 2301 N UNIVERSITY LUBBOCK TX 79415 752798998 N/A 75000 0 ECONOMIC DEVELOPMENT 7 8 PART I, LINE 2: LEDA MAKES GRANTS TO VARIOUS ENTITIES FOR THE PURPOSE OF PROMOTING ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, ATTRACTING NEW CAPITAL INVESTMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND IMPROVING LUBBOCK'S QUALITY OF LIFE. THE GRANT MONEY IS NOT PAID TO THE ENTITY UNTIL THE JOBS HAVE BEEN CREATED OR CAPITAL INVESTMENTS HAVE BEEN COMPLETED AND PUT INTO SERVICE. INDEPENDENT AUDITORS ARE USED TO CONFIRM MILESTONES ARE MET BEFORE FUNDS ARE PAID. LEDA MAKES DONATIONS TO LOCAL SCHOOL DISTRICTS TO PROVIDE TECHNICAL TRAINING EQUIPMENT THAT CAN BE USED TO BETTER TRAIN STUDENTS AND GET STUDENTS READY TO ENTER THE JOB MARKET UPON GRADUATION. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JOHN OSBORNE CEO 263727 0 135181 0 14400 0 14500 0 32421 0 460229 0 0 0 JANA JOHNSTON CFO/COO 167975 0 44020 0 0 0 10605 0 8399 0 230999 0 0 0 CHRISTINE ALLEN VICE PRESIDENT 98801 0 28535 0 0 0 7391 0 28780 0 163507 0 0 0 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETENTION 128494 0 0 0 0 0 7383 0 27480 0 163357 0 0 0 A LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE 900183669 2023-02-14 13315000 INFRASTRUCTURE PROJECTS RELATED TO THE EXPANSION OF NORTH AND EAST LUBBOCK 0 0 0 A 640000 13315000 461494 37955 131506 12505539 2025 0 0 0 0 A 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE FORM 990 WAS PERFORMED BY THE BOARD DURING THE MEETING IMMEDIATELY PRECEDING THE FILING OF THE FORM 990. THE PRESENTATION OF THE FORM 990 REVIEW WAS MADE BY CFO/COO JANA JOHNSTON, CPA. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD OF DIRECTORS AT THE FIRST MEETING OF THE YEAR. IT HAS A SIGNATURE LINE ON THE BOTTOM OF THE FORM FOR THE DIRECTOR TO SIGN AND DATE INDICATING THAT THEY HAVE READ AND AGREE TO THE POLICY. AS A PART OF THE PROCEDURE THERE IS AN ACCOMPANYING CONFLICT OF INTEREST QUESTIONNAIRE ON WHICH THE BOARD MEMBERS LIST ANY POTENTIAL CONFLICTS. BOTH DOCUMENTS ARE COLLECTED AND MAINTAINED BY THE CFO OF LEDA AND ARE UPDATED EACH YEAR. FINALLY, THE POLICY PROVIDES THAT A BOARD MEMBER MAY NOTIFY THE CHAIRMAN OF THE BOARD WHEN HE/SHE BECOMES AWARE OF A POTENTIAL CONFLICT DURING THE COURSE OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 OFFICER AND KEY EMPLOYEES' SALARIES ARE REVIEWED ANNUALLY AND RECOMMENDATIONS ARE MADE BY THE AUDIT AND COMPLIANCE COMMITTEE AND MANAGEMENT TO THE BOARD TO ADJUST COMPENSATION LEVELS BASED ON COMPENSATION SURVEYS, INFLATION AND MERIT. THE COMPENSATION SURVEY USED IN DETERMINING RECOMMENDED SALARY ADJUSTMENTS IS BASED ON INDUSTRY DATA REFLECTED IN THE ANNUAL IEDC SALARY SURVEY OF ECONOMIC DEVELOPMENT PROFESSIONALS WHICH IS PUBLISHED BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL (IEDC). THIS STUDY PROVIDES SALARIES FOR THE VARIOUS POSITIONS WITHIN THE INDUSTRY AND IS SORTED ACCORDING TO ORGANIZATIONAL SIZE AND GEOGRAPHIC REGION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE AT 1500 BROADWAY ST, STE 600; LUBBOCK, TX 79401. FORM 990, PAGE 12, PART XII, LINE 2C THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION 1500 BROADWAY STE 600 LUBBOCK TX 79401 752621353 TO INCREASE EMPLOYMENT OPPORTUNITIES IN LUBBOCK, TX TX 501(C)(4) N/A CITY OF LUBBOCK 0 LUBBOCK EXPERIENCE INC 1500 BROADWAY STE 600 LUBBOCK TX 79401 208957025 ECONOMIC DEVELOPMENT TX 501(C)(3) LINE 7 CITY OF LUBBOCK 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP O 433482 COST PER BOOKS MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP C 1000000 COST PER BOOKS