Nonprofit · EIN 90-0183669
LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC
Tax-exempt · LUBBOCK, TX 79401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $16,565,554 | $7,040,474 | $9,525,080 | $63,525,132 | $56,630,892 | $6,894,240 |
| September 30, 2024 | 990 | $16,845,151 | $12,700,825 | $4,144,326 | $56,265,447 | $58,740,868 | -$2,475,421 |
| September 30, 2023 | 990 | $12,728,693 | $6,099,792 | $6,628,901 | $61,566,582 | $68,186,329 | -$6,619,747 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $12,012,098
- of which government grants
- $11,012,098
- Program service revenue
- $0
- Investment income
- $4,489,382
- Net rental income
- $64,074
- Net gain from sales of assets
- $3,410,135
- Other revenue
- $64,074
Expenses
- Grants and similar amounts paid
- $1,699,627
- Compensation of officers, directors and key employees
- $887,807
- Other salaries and wages
- $471,090
- Salaries, compensation and benefits (total)
- $1,603,473
- Professional fundraising fees
- $0
- Legal fees
- $30,457
- Accounting fees
- $31,805
- Occupancy
- $154,676
- Travel
- $122,809
- Depreciation
- $912,187
- Program services (functional)
- $6,463,185
- Management and general (functional)
- $577,289
Balance sheet and other
- Total assets, start of year
- $56,265,447
- Total assets, end of year
- $63,525,132
- Total liabilities, end of year
- $56,630,892
- Net assets, end of year
- $6,894,240
- Land, buildings and equipment
- $13,857,667
- Gross receipts
- $16,614,317
- Employees
- 14
- Volunteers
- 10
- Year formed
- 2004
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN OSBORNE | CEO Officer | 20 | $405,702 | $54,406 |
| JANA JOHNSTON | CFO/COO Officer | 20 | $226,160 | $12,863 |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETENTION Highest-paid employee | 20 | $149,286 | $28,845 |
| CHRISTINE ALLEN | VICE PRESIDENT Officer | 20 | $152,339 | $25,288 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPECIAL PROJECTS Highest-paid employee | 20 | $130,591 | $20,131 |
| CHRIS RANKIN | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 20 | $126,649 | $19,984 |
| M'LYN HEFNER | CFO Officer | 20 | $10,974 | $0 |
| JORDAN WHEATLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONT MCCLENDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONNY GARZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAKE WOMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT TAYLOR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LORI RICE-SPEARMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CONWRIGHT | CHAIRMAN Officer | 2 | $0 |
| SARAH BEVERS | VICE CHAIRMAN Officer | 1 | $0 |
990 for the year ended September 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN OSBORNE | CEO Officer | 20 | $372,272 | $33,553 |
| JANA JOHNSTON | CFO/COO Officer | 20 | $208,423 | $20,008 |
| DAVID RUSHING | DIRECTOR OF RECRUITMENT Highest-paid employee | 20 | $148,420 | $7,034 |
| CHRISTINE ALLEN | VICE PRESIDENT Officer | 20 | $128,852 | $26,027 |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETEN Highest-paid employee | 20 | $126,310 | $17,703 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPE Highest-paid employee | 20 | $127,581 | $15,337 |
| KATHERINE WHITE | DIRECTOR OF MARKETING & CO Highest-paid employee | 20 | $126,737 | $6,975 |
| JOHN OPPERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS CARPENTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONNY GARZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALTER CATHEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAKE WOMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRETT CATE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LORI RICE-SPEARMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES CONWRIGHT | CHAIRMAN Officer | 2 | $0 | $0 |
| SARAH BEVERS | VICE CHAIRMAN Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN OSBORNE | CEO Officer | 20 | $413,308 | $46,921 |
| JANA JOHNSTON | CFO/COO Officer | 20 | $211,995 | $19,004 |
| CHRISTINE ALLEN | VICE PRESIDENT Officer | 20 | $127,336 | $36,171 |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETENTION Highest-paid employee | 20 | $128,494 | $34,863 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPECIAL PROJECTS Highest-paid employee | 20 | $126,363 | $14,841 |
| KATHERINE WHITE | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 20 | $114,957 | $9,953 |
| DAVID RUSHING | DIRECTOR OF RECRUITMENT Highest-paid employee | 20 | $113,406 | $464 |
| BRETT CATE | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMES CONWRIGHT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BARRY ORR 1022 - 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANN KIRBY 1022 - 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN OPPERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW BUMSTEAD 1022 - 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS CARPENTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SONNY GARZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALTER CATHEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH BEVERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAKE WOMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 BROADWAY STE 600, LUBBOCK, TX 79401-3167
- In care of
- % SUSAN SNEAD
- Principal officer (990 for 2024)
- JOHN OSBORNE, 1500 BROADWAY 600, LUBBOCK, TX 79401
- Signed the 990
- M'LYN HEFNER, CFO/COO
- Phone
- (806) 749-4500
- Website
- WWW.LUBBOCKEDA.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
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.
Program accomplishments
- 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.Expenses $6,463,185 · grants $1,699,627
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 90-0183669
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $63,525,132
- Income (IRS master file)
- $16,614,317
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $16,565,554 | $7,040,474 | $63,525,132 | XML |
| 990 | September 2024 | $16,845,151 | $12,700,825 | $56,265,447 | XML |
| 990 | September 2023 | $12,728,693 | $6,099,792 | $61,566,582 | XML |
| 990 | September 2022 | $10,240,082 | $46,636,205 | $26,107,253 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 90-0183669).
Questions about LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC
- What is the EIN of LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC?
- The employer identification number (EIN) of LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC is 90-0183669.
- Is LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2005.
- Are donations to LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC?
- The 990 for the year ended September 30, 2025 names JOHN OSBORNE.
- Who are the officers and directors of LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC?
- The 990 for the year ended September 30, 2025 lists 17 people; 7 received compensation from the organization, the highest $405,702 (JOHN OSBORNE, CEO).
- How much revenue does LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $16,565,554, expenses of $7,040,474 and total assets of $63,525,132 at year end.
Other nonprofits in LUBBOCK
- MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION EIN 75-2621353 · last filed 990 for 2025
- PORTS-TO-PLAINS TRADE CORRIDOR COALITION EIN 75-2880913 · last filed 990 for 2024
- LUBBOCK COMPACT FOUNDATION EIN 85-1733042 · last filed 990 for 2023
- VOLUNTEER CENTER OF LUBBOCK INC EIN 75-2325274 · last filed 990 for 2025
- JUNIOR LEAGUE OF LUBBOCK TEX INC EIN 75-1181735 · last filed 990 for 2023
- TEXAS LIONS FOUNDATION INC EIN 74-2350136 · last filed 990 for 2025
- FLATLAND PRODUCTIONS INC EIN 20-1776768 · last filed 990 for 2025
- BIENVENIDO IN ACTION EIN 85-3665465 · last filed 990 for 2024
All nonprofits in LUBBOCK · Texas · Community improvement and capacity building