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 752621353 MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION MARK 8067494500 1500 BROADWAY 600 LUBBOCK TX 79401 JANA JOHNSTON CFO/COO 8067494500 2024-06-14 1 0 MATT R WILLIS P00419741 8067473806 2024-06-14 X 2022 2024-08-08 14:25:15Z JOHN OSBORNE 1500 BROADWAY 600 LUBBOCK TX 79401 10381737 0 X WWW.VISITLUBBOCK.ORG X 1995 TX TO ENHANCE AND ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION AND FACILITATE THE DEVELOPMENT OF NEW INDUSTRIES. MANAGE AND OVERSEE THE OPERATIONS OF VISIT LUBBOCK AND FOREIGN TRADE ZONE 260. VISIT LUBBOCK ENCOMPASSES THE OPERATIONS OF THE CONVENTION AND VISITORS BUREAU AND LUBBOCK SPORTS. 10 10 24 10 0 0 8945264 9990622 51005 47746 58969 340845 0 0 9055238 10379213 2087212 3080668 0 0 1443113 1484250 0 0 0 3471683 4289679 7002008 8854597 2053230 1524616 11036152 12882396 1085897 1407525 9950255 11474871 X TO ENHANCE AND ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION AND FACILITATE THE DEVELOPMENT OF NEW INDUSTRIES. MANAGE AND OVERSEE THE OPERATIONS OF VISIT LUBBOCK AND FOREIGN TRADE ZONE 260. VISIT LUBBOCK ENCOMPASSES THE OPERATIONS OF THE CONVENTION AND VISITORS BUREAU AND LUBBOCK SPORTS. 0 0 7411115 3080668 47746 IN 2022-2023 MARKET LUBBOCK, INC. CONTINUED TO WORK WITH THE CITY OF LUBBOCK TO STRENGTHEN AND ENCOURAGE INVESTMENT IN DOWNTOWN LUBBOCK AND OTHER MAJOR BUSINESS CORRIDORS IN EAST, NORTH AND CENTRAL LUBBOCK. MARKET LUBBOCK INCREASED IT'S EFFORTS TO INCREASE AWARENESS OF LUBBOCK AS A GREAT PLACE TO WORK, LIVE AND PLAY THROUGH TARGETED MARKETING EFFORTS AND CONTINUED TO PARTNER WITH THE CITY AND TEXAS TECH UNIVERSITY THROUGH THE EFFORTS SUCH AS THE TTU INNOVATION HUB AND GRANTS TO LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE TO BRING ECONOMIC DEVELOPMENT AND QUALITY OF LIFE TO THE CITY. VISIT LUBBOCK, THROUGH THE CONVENTION AND VISITORS BUREAU AND LUBBOCK SPORTS, CONTRACTED WITH MEETING PLANNERS, CONVENTION ORGANIZERS AND SPORTS EVENT ORGANIZERS TO BRING CONVENTIONS AND EVENTS TO LUBBOCK THAT PRODUCE A STRONG ECONOMIC IMPACT TO OUR COMMUNITY BY BRINGING VISITORS TO STAY IN HOTELS, EAT AT RESTAURANTS AND SHOP AT LUBBOCK BUSINESSES. 7411115 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 16 0 24 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 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 0 413308 46921 JANA JOHNSTON CFO/COO 20.00 20.00 X 0 211995 19004 CHRISTINE ALLEN VICE PRESIDENT 20.00 20.00 X 0 127336 36171 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETENTION 20.00 20.00 X 0 128494 34863 KATHERINE WHITE DIRECTOR OF MARKETING & COMMUNICATIONS 20.00 20.00 X 0 114957 9953 JORGE QUIRINO DIRECTOR OF DOWNTOWN & SPECIAL PROJECTS 20.00 20.00 X 0 126363 14841 ROBERT HARRISON DIRECTOR OF SPORTS 40.00 X 113149 0 13832 AMY ZIENTEK DIRECTOR OF TOURISM 40.00 X 110014 0 14109 223163 1122453 189694 2 0 1 0 MADDEN MEDIA 345 EAST TOOLE AVE TUCSON AZ 85701 ADVERTISING/MARKETING 293671 AJR MEDIA GROUP 25132 OAKHURST SPRING TX 77386 ADVERTISING/MARKETING 245274 2 9982487 8135 9990622 TICKET SALES 711300 37937 37937 PROMOTIONAL ITEMS 711300 9809 9809 47746 343369 343369 2524 -2524 -2524 -2524 10379213 47746 0 340845 3058350 3058350 22318 22318 1273235 954926 318309 56704 42528 14176 92155 69116 23039 62156 46617 15539 7201 5401 1800 18076 13557 4519 2087997 1565998 521999 35364 26523 8841 106416 79812 26604 129961 97471 32490 18644 13983 4661 747921 560941 186980 54743 54743 13387 10040 3347 INCENTIVES AND SPECIAL 826935 620201 206734 MISCELLANEOUS 243034 168590 74444 8854597 7411115 1443482 0 6751980 8940335 1747419 1777207 2338082 2012044 60044 51983 358129 257302 138627 100827 11036152 12882396 108750 248849 977147 1158676 1085897 1407525 X 0 0 0 0 9950255 11474871 9950255 11474871 11036152 12882396 1524616 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 147949 78744 69205 30901 30901 0 179279 147657 31622 100827 1 1114 TEXAS AVE LLC 1114 TEXAS AVENUE LUBBOCK TX 79401 874050331 N/A 22005 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. 806 DEVELOPMENT LLC 4613 117TH ST LUBBOCK TX 79424 844772577 N/A 36873 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. ABERNATHY ISD 505 7TH ST ABERNATHY TX 79311 756000001 GOV'T ENTITY 32124 0 TO ASSIST WITH EQUIPMENT NEEDS FOR HIGH DEMAND JOB TRAINING CLASSES CAVENDER REAL ESTATE OF LUBBOCK III LLC 5778 STEMMONS STE 130 SAN ANTONIO TX 78238 871322772 N/A 125000 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. COVENANT 3615 19TH ST LUBBOCK TX 79410 822913146 501(C)(3) 38943 0 TO ASSIST WITH EQUIPMENT NEEDS FOR HIGH DEMAND JOB TRAINING CLASSES DAVIS W SMITH PC 1220 AVE K LUBBOCK TX 79401 752576854 N/A 10975 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. DISCOVERY HEALTHCARE 1500 BROADWAY STE 200A LUBBOCK TX 79401 260668891 N/A 98810 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. FRENSHIP ISD PO BOX 100 LUBBOCK TX 79382 751363904 GOV'T ENTITY 16800 0 TO ASSIST WITH THE TEACHER EXTERNSHIP PROGRAM JAC ENTERPRISES LLC 6717 2ND STREET LUBBOCK TX 79416 460507839 N/A 63794 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. LEE'S PDR LLC 4520 44TH ST LUBBOCK TX 79414 832040683 N/A 6079 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. LESINEE MITCHELL 2712 25TH ST LUBBOCK TX 79410 452942788 N/A 10105 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. LOCKNEY ISD 601 W POPLAR STREET LOCKNEY TX 79241 756001971 GOV'T ENTITY 35328 0 TO ASSIST WITH EQUIPMENT NEEDS FOR HIGH DEMAND JOB TRAINING CLASSES LUBBOCK ANGEL NETWORK BOX 24007 LUBBOCK TX 79406 756002622 501(C)(6) 10000 0 TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY LUBBOCK CHAMBER OF COMMERCE 1500 BROADWAY SUITE 101 LUBBOCK TX 79401 750403180 501(C)(6) 10000 0 TO ASSIST WITH MARKETING EFFORTS TO HELP WITH THE DEVELOPMENT OF THE CAPITAL CAMPAIGN FOR A NEW EXPO CENTER IN THE COMMUNITY LUBBOCK COUNTY EXPO CENTER 5143 69TH ST LUBBOCK TX 79424 832123442 N/A 30000 0 TO ASSIST WITH MARKETING OPPORTINITIES LUBBOCK EXPERIENCE INC (DBA LCAF) 1500 BROADWAY SUITE 600 LUBBOCK TX 79401 208957025 501(C)(3) 75000 0 TO ASSIST WITH THE DEVELOPMENT OF THE ARTS COMMUNITY LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE 1500 BROADWAY SUITE 600 LUBBOCK TX 79401 900183669 501(C)(4) 1000000 0 TO ASSIST WITH BUSINESS DEVELOPMENT IN THE COMMUNITY METRO TOWERS HOUSING 1500 BROADWAY LUBBOCK TX 79401 842922218 N/A 125000 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. MIXED NUTZ LEASING 1941 TEXAS AVE LUBBOCK TX 79411 844226779 N/A 18428 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. MORTON ISD 500 CHAMPION DRIVE MORTON TX 79346 756002098 GOV'T ENTITY 18631 0 TO ASSIST WITH EQUIPMENT NEEDS FOR HIGH DEMAND JOB TRAINING CLASSES PAPER CUT LLC 1602 TEXAS AVE LUBBOCK TX 79401 874143919 N/A 31396 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. Q-505 LLC 505 AVENUE Q LUBBOCK TX 79401 461302774 N/A 25000 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. RAMAR COMMUNICATIONS 612 AVE O LUBBOCK TX 79401 850214886 N/A 125000 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. RESIDE LUBBOCK LLC 10210 QUAKER AVE LUBBOCK TX 79424 824738316 N/A 41357 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. SOUTH PLAINS COLLEGE 1401 COLLEGE AVENUE BOX 5 LEVELLAND TX 79336 756004667 N/A 20150 0 TO ASSIST WITH EQUIPMENT NEEDS FOR HIGH DEMAND JOB TRAINING CLASSES TEXAS TECH UNIVERSITY PO BOX 41010 LUBBOCK TX 79409 756000590 N/A 425000 0 TO HELP FUND THE SCHOOL'S INNOVATION AND RESEARCH PARK. TEXAS PANHANDLE FORENSICS 2002 AVENUE J LUBBOCK TX 79401 873191293 N/A 11228 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. THE BETTY CONDRA SCHOOL FOR EDUCATION INNOVATION 1421 9TH ST LUBBOCK TX 79401 813587723 N/A 125000 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. UNIFIRST CORPORATION 1727 E 8TH ST LUBBOCK TX 79403 742861951 N/A 13802 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. WMAO LLC 913 TEXAS AVE LUBBOCK TX 79401 263524614 N/A 10546 0 TO ASSIST WITH COSTS OF BUILDING UPDATES AND RENOVATIONS. 6 24 CASH 1 22318 PART I, LINE 2: GRANTS FOR JOB CREATION ARE NOT PAID UNTIL AFTER THE JOBS HAVE BEEN CREATED. CAPITAL INVESTMENT GRANTS ARE NOT PAID UNTIL AFTER THE ASSET IS COMPLETED AND A CERTIFICATE OF OCCUPANCY HAS BEEN AQUIRED. INDEPENDENT ACCOUNTANTS VERIFY THAT ALL OF THE REQUIREMENTS OF THE GRANT HAVE BEEN MET AND REPORT BACK TO MLI ON THEIR FINDINGS BEFORE ANY FUNDS ARE DISBURSED. DOWNTOWN AND EAST LUBBOCK GRANTS ARE REIMBURSEMENT GRANTS AND ARE PAID AFTER THE GRANTEE HAS SUBMITTED COPIES OF INVOICES AND PROOF OF PAYMENT. ALL SUBMITTED INVOICES AND PROOF OF PAYMENT DOCUMENTATION IS VERIFIED BY THE DIRECTOR OF DOWNTOWN DEVELOPMENT AND THE ACCOUNTING DEPARTMENT. GRANTS TO TEXAS TECH AND THE CITY OF LUBBOCK ARE PAID ACCORDING TO CONTRACT AND ONLY AFTER VERIFICATION THAT THE TERMS OF THE CONTRACT HAVE BEEN MET. 0 0 0 0 0 0 0 0 0 JOHN OSBORNE CEO 0 263727 0 135181 0 14400 0 14500 0 32421 0 460229 0 0 JANA JOHNSTON CFO/COO 0 167975 0 44020 0 0 0 10605 0 8399 0 230999 0 0 CHRISTINE ALLEN VICE PRESIDENT 0 98801 0 28535 0 0 0 7391 0 28780 0 163507 0 0 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETENTION 0 128494 0 0 0 0 0 7383 0 27480 0 163357 0 0 FORM 990, PART VI, SECTION A, LINE 3 MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP "MARKET LUBBOCK" HAS A MANAGMENT AGREEMENT WITH LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE FOR THE OFFICER EMPLOYEES OF THAT ORGANIZATION TO MANAGE THE DAY TO DAY OPERATIONS OF MARKET LUBBOCK. MARKET LUBBOCK CORP AND LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE ARE RELATED ORGANIZATIONS CREATED BY THE CITY OF LUBBOCK TO FACILITATE ECONOMIC DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW OF THE FORM 990 WAS PERFORMED BY THE BOARD DURING THE BOARD MEETING IMMEDIATELY PRECEDING THE FILING OF THE FORM 990. THE PRESENTATION OF THE FORM 990 REVIEW WAS MADE BY CFO/COO JANA JOHNSTON. 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 MARKET LUBBOCK'S MANAGEMENT IS PROVIDED BY LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE. MARKET LUBBOCK DOES NOT HAVE ANY OFFICER EMPLOYEES OR MANAGEMENT OFFICIALS EMPLOYED DIRECTLY BY MARKET LUBBOCK. 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. 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. LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE 1500 BROADWAY STE 600 LUBBOCK TX 79401 900183669 ECONOMIC DEVELOPMENT 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 MLI INTERNATIONAL CONSULTING INC 1500 BROADWAY STE 600 LUBBOCK TX 79401 205169619 ECONOMIC DEVELOPMENT TX MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP C 17500 339 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE O 433482 COST PER BOOKS LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE B 1000000 COST PER BOOKS