2026-07-23T08:17:44-05:00 2025-09-30 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-10-01 900183669 LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE LUBB 8067494500 1500 BROADWAY 600 LUBBOCK TX 79401 M'LYN HEFNER CFO/COO 8067494500 2026-07-06 1 0 MATT R WILLIS P00419741 8067473806 2026-07-06 X 2024 2025-03-06 01:10:19Z JOHN OSBORNE 1500 BROADWAY 600 LUBBOCK TX 79401 16614317 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 10 0 0 15390998 12012098 0 0 1371276 4489382 82877 64074 16845151 16565554 7475670 1699627 0 0 1638336 1603473 0 0 0 3586819 3737374 12700825 7040474 4144326 9525080 56265447 63525132 58740868 56630892 -2475421 6894240 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 6463185 1699627 LEDA CONTINUED TO EXPERIENCE A TREMENDOUS AMOUNT OF INTEREST FROM COMPANIES ACROSS THE COUNTRY. LEPRINO FOODS OPENED THEIR $1 BILLION+ CHEESE MANUFACTURING FACILITY EMPLOYING OVER 600 INDIVIDUALS IN LUBBOCK. THIS PROJECT IS THE SINGLE LARGEST PRIVATE CAPITAL INVESTMENT IN THE HISTORY OF LUBBOCK. THE SELECTION OF LUBBOCK FOR THIS AND OTHER COMPANIES HAS REQUIRED LEDA TO EXTEND THE ROADS AND UTILITIES IN EAST AND NORTH LUBBOCK TO SUPPORT THE GROWTH OF THE LUBBOCK ECONOMY IN THAT AREA OF THE CITY. IN ADDITION TO THIS FOOD PRODUCTION COMPANY LOCATED IN EAST LUBBOCK, LEDA ASSISTS WITH THE EXPANSION OF LOCAL BUSINESSES ACROSS THE CITY. DURING 2024-2025, LEDA ASSISTED LUBBOCK IN ACHIEVING THE DESIGNATION OF A 4.2-MILE SEGMENT OF U.S. 87 AS PART OF I-27, WHICH ADVANCES THE PORTS-TO-PLAINS CORRIDOR AND STRENGTHENS LUBBOCK'S ROLE IN REGIONAL TRANSPORTATION AND SUPPORTING FUTURE ECONOMIC GROWTH. LEDA ALSO PARTNERS WITH THE TEXAS TECH UNIVERSITY INNOVATION HUB ACCELERATOR TO ENCOURAGE ENTREPRENEURS TO GROW THEIR BUSINESS IDEAS IN LUBBOCK. DURING THE YEAR, LEDA NOMINATED THE CITY OF LUBBOCK FOR A TEDC WORKFORCE EXCELLENCE AWARD FOR ITS SUPPORT OF JOB TRAINING IN THE ELECTRICAL, PLUMBING AND HVAC TRADES AND THIS PROJECT WON IN ITS COMMUNITY POPULATION CATEGORY. THE LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE (LEDA) PARTNERED WITH THE CITY OF LUBBOCK TO ADMINISTER JOB TRAINING ACTIVITIES WITH THE CITY'S AMERICAN RESCUE ACT PLAN (ARPA) FUNDS. OVER 100 INDIVIDUALS (STUDENTS, EMPLOYEES AND EMPLOYERS) WERE SUPPORTED AND POSITIVELY IMPACTED BY THESE PROGRAMS IN 2024. THESE ARE INDIVIDUALS THAT LIVE IN THE LUBBOCK COMMUNITY AND WILL USE THE SKILLS THEY ACQUIRED TO INCREASE THE NUMBER OF ELECTRICIANS, PLUMBERS AND HVAC WORKERS IN LUBBOCK'S TALENT POOL. 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. 6463185 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 8 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 M'LYN HEFNER 8067494500 1500 BROADWAY STE 600 LUBBOCK TX 79401 JORDAN WHEATLEY DIRECTOR 1.00 1.00 X 0 0 0 MONT MCCLENDON 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 BLAKE WOMBLE DIRECTOR 1.00 1.00 X 0 0 0 MELISSA COLLIER DIRECTOR 1.00 1.00 X 0 0 0 ROBERT TAYLOR DIRECTOR 2.00 2.00 X 0 0 0 LORI RICE-SPEARMAN DIRECTOR 1.00 1.00 X 0 0 0 JOHN OSBORNE CEO 20.00 20.00 X 405702 0 54406 JANA JOHNSTON CFO/COO 20.00 20.00 X 226160 0 12863 M'LYN HEFNER CFO 20.00 20.00 X 10974 0 0 CHRISTINE ALLEN VICE PRESIDENT 20.00 20.00 X 152339 0 25288 JAMES CONWRIGHT CHAIRMAN 2.00 2.00 X 0 0 0 SARAH BEVERS VICE CHAIRMAN 1.00 1.00 X 0 0 0 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETENTION 20.00 20.00 X 149286 0 28845 CHRIS RANKIN DIRECTOR OF BUSINESS DEVELOPMENT 20.00 20.00 X 126649 0 19984 JORGE QUIRINO DIRECTOR OF DOWNTOWN & SPECIAL PROJECTS 20.00 20.00 X 130591 0 20131 1201701 0 161517 6 0 1 0 PARKHILL SMITH & COOPER 4222 85TH ST LUBBOCK TX 79423 ENGINEERING SERVICES 2818824 FREESE AND NICHOLS PO BOX 980004 FORT WORTH TX 76198 ENGINEERING SERVICES 383666 LONE STAR DIRT & PAVING 11820 UNIVERSITY AVE LUBBOCK TX 79423 CONSTRUCTION SERVICES 287588 MADDEN MEDIA LLC 685 SOUTH BROADWAY DENVER CO 80209 MARKETING 251313 JSL LANDSCAPING 10303 INDIANA AVE 400-130 LUBBOCK TX 79423 LANDSCAPING 146130 5 1000000 11012098 12012098 1079247 1079247 64074 0 64074 64074 64074 3458898 48763 3410135 3410135 3410135 16565554 0 0 4553456 1699627 1699627 887807 665874 221933 471090 353299 117791 49800 37350 12450 85049 63787 21262 109727 82295 27432 30457 22843 7614 31805 23854 7951 40307 30230 10077 714560 714560 26389 19792 6597 52247 39185 13062 154676 121516 33160 122809 113442 9367 41412 35308 6104 1280571 1280571 912187 912187 18319 13739 4580 MEMBERSHIP DUES 178795 134096 44699 BUSINESS PARK MAINT. 126668 95001 31667 MISCELLANEOUS 6172 4629 1543 7040474 6463185 577289 0 27872544 31033429 3646981 3594612 13559474 15010188 29236 16034515 2176848 11186448 13857667 56265447 63525132 626118 2048975 30283300 27231200 12240000 11790000 15591450 15560717 58740868 56630892 X 0 0 0 0 -2475421 6894240 -2475421 6894240 56265447 63525132 X 9525080 -155419 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15372143 2053725 13318418 60474 16867 43607 117265 97340 19925 484633 8916 475717 13857667 OPERATING LEASE UNDER FASB ASC 842 475717 TAXABLE BOND ISSUE 14985000 CONTRACT FULFILLMENT LIABILITY 100000 15560717 16565554 0 16565554 0 16565554 7040474 0 7040474 0 7040474 1 CORTEVA 7100 NW 62ND AVENUE JOHNSTON IA 50131 510391677 N/A 50000 0 ECONOMIC DEVELOPMENT SMYER ISD PO BOX 206 SMYER TX 79367 756002460 GOV'T ENTITY 58746 0 EQUIPMENT NEEDS TRUENORTH STEEL INC 4401 MAIN AVE FARGO ND 58103 450259886 N/A 35500 0 ECONOMIC DEVELOPMENT HYDROFLO PUMPS USA INC 1160 CRANSTON ST CRANSTON RI 02920 621863168 N/A 6000 0 ECONOMIC DEVELOPMENT TROPICALE FOODS 1213 W STATE ST ONTARIO CA 91762 770521367 N/A 554000 0 ECONOMIC DEVELOPMENT VULPES GROUP HOLDING CORPORATION 9712 4TH DR BLDG 930 LUBBOCK TX 79416 834081229 N/A 9000 0 ECONOMIC DEVELOPMENT 1 6 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 317510 0 73792 0 14400 0 16427 0 37979 0 460108 0 0 0 JANA JOHNSTON CFO/COO 189390 0 26749 0 10021 0 10807 0 2056 0 239023 0 0 0 CAROLYN ROWLEY DIRECTOR OF BUSINESS RETENTION 149286 0 0 0 0 0 7464 0 21381 0 178131 0 0 0 CHRISTINE ALLEN VICE PRESIDENT 134730 0 17609 0 0 0 7617 0 17671 0 177627 0 0 0 JORGE QUIRINO DIRECTOR OF DOWNTOWN & SPECIAL PROJE 130591 0 0 0 0 0 6530 0 13601 0 150722 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 13315000 461494 37955 131506 12505539 2025 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 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 M'LYN HEFNER, 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. FORM 990, PAGE 12, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENT: TO IMPLEMENT GASB STATEMENT NO. 101 FOR ACCRUING COMPENSATED ABSENCES RELATED TO PAID TIME OFF EARNED THAT HAS NOT BEEN USED. 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 368615 COST PER BOOKS MARKET LUBBOCK ECONOMIC DEVELOPMENT CORP C 1000000 COST PER BOOKS