2026-08-11T10:59:35-05:00 2025-09-30 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2024-10-01 751823715 CAPROCK BUSINESS FINANCE CORP INC CAPR 8067628721 FREEDOM STATION BOX 3730 LUBBOCK TX 794523730 KELLY CRISWELL EXECUTIVE DIRECTOR 8067628721 2026-07-28 1 1 SHARON M HERWALD CPA P00079864 2547724901 2024 2025-03-06 01:10:19Z KELLY CRISWELL FREEDOM STATION BOX 3730 LUBBOCK TX 794523730 582932 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. 16 16 0 18 0 0 0 0 444131 490293 70039 60969 40035 31670 554205 582932 57300 584760 0 0 0 0 0 0 0 304736 366548 362036 951308 192169 -368376 2550039 2089242 562552 470131 1987487 1619111 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 356325 490293 CAPROCK ASSISTED 11 BUSINESSES IN OBTAINING AND FUNDING $7,912,000 IN SBA 504 LOANS IN THE CURRENT YEAR. PROGRAM TO DATE, CAPROCK HAS ORIGINATED 374 SBA 504 LOANS TOTALING $180,042,000 , SAVING AND CREATING MANY JOBS. THE GRANT AND LOCAL MATCH FUNDS ARE USED TO UNDERWRITE THE ONGOING REGIONAL ECONOMIC PROGRAM AT SOUTH PLAINS ASSOCIATION OF GOVERNMENTS 539671 584760 THE ORGANIZATION PROVIDED FINANCIAL ASSISTANCE FOR CRITICAL RENOVATIONS, FACILITY IMPROVEMENTS AND OTHER RELATED COSTS TO SUPPORT THE RELOCATION AND REMODEL OF THE BUILDING HOUSING THE SOUTH PLAINS ASSOCIATION OF GOVERNMENTS AND OTHER ORGANIZATIONS FOCUSED ON ECONOMIC DEVELOPMENT OF THE REGION. CAPROCK OFFICES ARE LOCATED IN THIS FACILITY. 7019 1670 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. 903015 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 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X TIM SCHWARTZ 8067628721 6811 INDIANA AVE SUITE B LUBBOCK TX 79413 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 JON STEPHENS 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 CHRISTINE ALLEN DIRECTOR 1.00 X 0 0 0 KRISTI ADAY DIRECTOR 1.00 X 0 0 0 VICTORIA WHITEHEAD DIRECTOR 1.00 X 0 0 0 RICK BOYD DIRECTOR 1.00 X 0 0 0 JEFFREY HARPER DIRECTOR 1.00 X 0 0 0 JACQUELINE VEGA DIRECTOR 1.00 X 0 0 0 DREW SMITH DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN SERVICING FEES 525990 320364 320364 LOAN PROCESSING FEES 525990 115427 115427 ESCROW ACCOUNT INTERES 525990 54502 54502 490293 60969 60969 30000 0 30000 30000 30000 WEST TEXAS BUSINESS SU 525990 1670 1670 1670 582932 491963 0 90969 584760 584760 175154 153638 21516 6541 6541 12459 12459 24902 24902 27879 26464 1415 20900 20100 800 37602 37516 86 23227 23227 10657 10282 375 10000 10000 7233 6866 367 DUES AND SUBSCRIPTIONS 9994 9487 507 951308 903015 48293 0 5840 45676 1976275 1504464 75165 72543 308429 203429 115000 105000 377759 361559 2550039 2089242 184793 108572 377759 361559 562552 470131 X 1987487 1619111 1987487 1619111 2550039 2089242 -368376 0 X X 0 1 X 0 0 300000 195000 105000 8429 8429 0 105000 RIGHT TO USE ASSET 361559 361559 LEASE LIABILITY 361559 361559 X 582932 0 582932 0 582932 951308 0 951308 0 951308 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 2025 AND 2024, 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 6811 INDIANA AVE SUITE B LUBBOCK TX 79413 751285200 45090 0 ECO DEV GRANT MATCH FUNDS - SPEDD SOUTH PLAINS ASSOCATION OF GOVERNMENTS 6811 INDIANA AVE SUITE B LUBBOCK TX 79413 751285200 539670 0 BUILDING GRANT - OFICE EQUIP./ FURNITURE - CAP. PURCH. PART I, LINE 2: THE ORGANIZATION WORKS DIRECTLY WITH THE SOUTH PLAINS ASSOCIATION OF GOVERNMENTS IN MONITORING THE ELIGIBILITY FOR AND USE OF GRANT FUNDS FOR THE ECONOMIC DEVELOPMENT GRANTS AWARDED BY THE DEPARTMENT OF COMMERCE. ACCOUNTING AND OTHER MONITORING SYSTEMS ARE UTILIZED IN DETEMINING THE PORTION OF THE MATCH FUNDS THAT ARE SUPPLIED BY THE ORGANIZATION. FORM 990, PART III, LINE 2 CAPROCK EXPANDED ITS ECONOMIC DEVELOPMENT GRANT PROGRAM TO ENCOMPASS THE PROVISION OF FINANCIAL ASSISTANCE FOR THE REMODEL OF THE FACILITY HOUSING THE OFFICES OF MULTIPLE ORGANIZATIONS WHOSE MISSIONS PROMOTE THE ECONOMIC DEVELOPMENT, ADVANCEMENT, AND PROGRESS OF THE SOUTH PLAINS AREA. 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 B, LINE 15 THE ORGANIZATION HAS NO EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.