Promotes economic growth and job creation in Lubbock by attracting new industries, supporting downtown development, and managing local tourism and sports marketing initiatives.
Promotes economic growth and job creation in Lubbock by attracting new industries, supporting downtown development, and managing local tourism and sports marketing initiatives.
For fiscal year 2024 it reported $9.2M in revenue, $9.7M in expenses, and $11.1M in net assets.Pt I
Membership & operating revenue · FY2024
Total revenue
$9.2M
Pt VIII · Ln 12
Total expenses
$9.7M
Pt IX · Ln 25
Net assets
$11.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$515K
Where spending went · Part IX cols B–D
84%
16%
Program services $0.84 Management & general $0.16
Operating surplus
-6%
revenue over expenses▼ -341% vs prior filing year
Earned revenue
0%
of revenue from program services & dues▼ -34% vs prior filing year
Payroll share
15%
of spending is salaries & benefits▼ -2% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$9.2M
FY2024▼ -2%
$10.4M$5.2M$0
FY2020FY2024
Expenses
$9.7M
FY2024▲ +6%
$9.7M$4.9M$0
FY2020FY2024
Total assets
$13.4M
FY2024▲ +6%
$13.4M$6.7M$0
FY2020FY2024
Total liabilities
$2.4M
FY2024▲ +140%
$2.4M$1.2M$0
FY2020FY2024
Total revenue
$9.2M
Pt VIII · Ln 12
Total expenses
$9.7M
Pt IX · Ln 25
Net assets
$11.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$515K
Total assetsPt X · Ln 16$13.4M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III
Where the work happens
1 program service account for $8.2M of program spending, described in the organization's own filed words · FY2024.
01
In 2024-2025, market lubbock, inc. Continued their decades-long work, in partnership with the city of lubbock, to stimulate private investment in east, north, and downtown lubbock. Lubbock is commitment to creating a vibrant downtown which is crucial for attracting and retaining a dynamic future workforce.
Robert Harrison’s $122K as Director of Sports
is at the 32nd percentile of top reported officer pay among 2834 $1–10M community development 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 · 2 named individuals · Part VII
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.
Individual Robert Harrison · Reported title DIRECTOR OF SPORTS · Highest reported compensation $122K · Total expenses $9.7M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $9.7M
15%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
84%
—
—
Overhead ratio
16%
—
—
Revenue growth
-2%
—
—
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.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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