2024-08-14T08:00:20-05:00 2023-09-30 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2022-10-01 751823715 CAPROCK BUSINESS FINANCE CORP INC CAPR 8067628721 FREEDOM STATION BOX 3730 LUBBOCK TX 794523730 TIM PIERCE EXECUTIVE DIRECTOR 8067628721 2024-08-09 1 1 SHARON M HERWALD CPA P00079864 2547724901 2022 2024-08-08 14:25:15Z TIM PIERCE FREEDOM STATION BOX 3730 LUBBOCK TX 794523730 546125 0 X WWW.CAPROCK504.ORG X 1981 TX ORIGINATE LOANS TO SMALL BUSINESSES TO SUPPORT ECONOMIC GROWTH AND EXPANSION; PROVIDE CONSULTING AND FINANCIAL COUNSELING SERVICES TO SMALL BUSINESSES WHICH WOULD OTHERWISE WE UNABLE TO ACQUIRE THESE TYPES OF SERVICES. 12 12 0 0 0 0 0 0 360877 455986 8622 56689 30250 33450 399749 546125 0 72561 0 0 0 0 0 0 0 540294 218151 540294 290712 -140545 255413 1624511 2210820 84606 415502 1539905 1795318 X ORIGINATE LOANS TO SMALL BUSINESSES TO SUPPORT ECONOMIC GROWTH AND EXPANSION; PROVIDE CONSULTING AND FINANCIAL COUNSELING SERVICES TO SMALL BUSINESSES WHICH WOULD OTHERWISE BE UNABLE TO ACQUIRE THESE TYPES OF SERVICES. 1 0 269563 455986 CAPROCK ASSISTED 8 BUSINESSES IN OBTAINING AND FUNDING $9,532,389 IN SBA 504 LOANS IN THE CURRENT YEAR. PROGRAM TO DATE, CAPROCK HAS ORIGINATED $166,121,000 IN SBA 504 LOANS SAVING AND CREATING MANY JOBS. 3450 THE ORGANIZATION HOSTS THE WEST TEXAS SMALL BUSINESS SUMMIT TO PROVIDE SMALL BUSINESS OWNERS AND START-UP ENTREPRENEURS IN THE REGION THE OPPORTUNITY TO HEAR FROM PANELS OF EXPERTS AND CONNECT WITH RESOURCES TO HELP SUSTAIN AND GROW THEIR BUSINESSES. THE ORGANIZATION HOSTS OVER 100 PARTICIPANTS ANNUALLY. 269563 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X TIM SCHWARTZ 8067628721 1323 58TH STREET LUBBOCK TX 794123730 X BARRY BALLINGER PRESIDENT 1.00 X X 0 0 0 GREG GARLAND VICE PRESIDENT 1.00 X X 0 0 0 BILL MCCAY SECRETARY 1.00 X X 0 0 0 BRENT HOFFMAN TREASURER 1.00 X X 0 0 0 PAUL DANNEVIK DIRECTOR 1.00 X 0 0 0 TODD MCKEE DIRECTOR 1.00 X 0 0 0 WILLIS MCCUTCHEON DIRECTOR 1.00 X 0 0 0 SUZETTE WILLIAMS DIRECTOR 1.00 X 0 0 0 KEVIN GERMAN DIRECTOR 1.00 X 0 0 0 CHRISTINE ALLEN DIRECTOR 1.00 X 0 0 0 KRISTI ADAY DIRECTOR 1.00 X 0 0 0 RICK BOYD DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN SERVICING FEES 525990 278809 278809 LOAN PROCESSING FEES 525990 128743 128743 ESCROW ACCOUNT INTERES 525990 48434 48434 455986 56689 56689 30000 0 30000 30000 30000 WEST TEXAS BUSINESS SU 525990 3450 3450 3450 546125 459436 0 86689 72561 72561 81479 73509 7970 9565 9565 24527 24527 12956 12956 2644 2644 33136 33136 13179 13179 10740 10740 10000 10000 6813 6813 DUES AND SUBSCRIPTIONS 13112 13112 290712 269563 21149 0 8452 8480 1420336 1627569 60723 56447 308429 183429 135000 125000 0 393324 1624511 2210820 84606 22178 0 393324 84606 415502 X 1539905 1795318 1539905 1795318 1624511 2210820 255413 0 X 0 1 X 0 0 300000 175000 125000 8429 8429 0 125000 RIGHT TO USE ASSET 393324 393324 LEASE LIABILITY 393324 393324 X 546125 0 546125 0 546125 290712 0 290712 0 290712 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AS AN ENTITY OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES RESULTING FROM CERTAIN UNRELATED BUSINESS INCOME. FOR FISCAL YEARS 2023 AND 2022, THERE WERE NO LIABILITIES FOR ANY FEDERAL INCOME TAX RESULTING FROM UNRELATED BUSINESS INCOME. THE CORPORATION BELIEVES THE ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE INCURRED. 0 SOUTH PLAINS ASSOCATION OF GOVERNMENTS 1323 58TH STREET LUBBOCK TX 79412 751285200 30769 0 ECO DEV GRANT MATCH FUNDS - SPEDD SOUTH PLAINS ASSOCATION OF GOVERNMENTS 1323 58TH STREET LUBBOCK TX 79412 751285200 5778 0 ECO DEV GRANT MATCH FUNDS - PERMIAN CORE SOUTH PLAINS ASSOCATION OF GOVERNMENTS 1323 58TH STREET LUBBOCK TX 79412 751285200 36014 0 ECO DEV GRANT MATCH FUNDS - PANHANDLE CORE 3 3 FORM 990, PART III, LINE 2 THE ORGANIZATION HOSTS THE WEST TEXAS SMALL BUSINESS SUMMIT TO PROVIDE SMALL BUSINESS OWNERS AND START-UP ENTREPRENEURS IN THE REGION THE OPPORTUNITY TO HEAR FROM PANELS OF EXPERTS AND CONNECT WITH RESOURCES TO HELP SUSTAIN AND GROW THEIR BUSINESSES. THE ORGANIZATION HOSTS OVER 100 PARTICIPANTS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO SUCH COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS AVAILABLE FOR THE BOARD'S REVIEW AND IS PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.