Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2020 | $4.3M |
|---|---|
| FY2021 | $4.7M |
| FY2022 | $289K |
| FY2023 | $2.3M |
| FY2024 | $2.3M |
| FY2025 | $5.7M |
| FY2020 | $0 |
|---|---|
| FY2021 | $0 |
| FY2022 | $1K |
| FY2023 | $0 |
| FY2024 | $0 |
| FY2025 | $821 |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 100% | — | — |
| Overhead ratio | 0% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Accounting fee ratio | 0.9% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Stacy Keith’s $156K as Executive Director is at the 69th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Stacy Keith | $155,999 | $150,662 | $148,657 | $141,534 | $135,000 | $99,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Strengthens and expands the Lubbock community and West Texas region.
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Where the work happens
In 2020 the organization created the lubbock cultural arts foundation. The foundation is operated as a dba of lubbock experience. The foundation obtained, for the city of lubbock, the designation of texas music friendly city. The foundation will cultivate, connect and champion the arts community in lubbock, texas.
In 2019 the organization entered into a memorandum of understanding with the city of lubbock central business district tax increment financing (tif) reinvestment zone to be in charge of building the downtown lubbock tornado memorial. The construciton of the memorial continued through 2020.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $3.8M | $443K | ×10 | 990 PDF |
| FY2024 | $378K | $346K | -84% | 990 PDF |
| FY2023 | $2.3M | $317K | +617% | 990 PDF |
| FY2022 | $325K | $4.7M | -43% | 990 PDF |
| FY2021 | $569K | $211K | -68% | 990 PDF |
| FY2020 Viewing | $1.8M | $143K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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