Lubbock Compact Foundation EIN 85-1733042

Lubbock Compact Foundation

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Educates citizens, researches policy, and advocates for a fair and engaged Lubbock. For fiscal year 2023 it reported $487K in revenue, $12K in expenses, and $477K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Lubbock, TX
Website
lubbockcompact.com
Filings
1 on file (2023–2023)
Revenue
$487KFY2023
Expenses
$12K
Net assets
$477K
People
10
Filings
1
Updates
0
More identity details & actions ⌄
EIN  85-1733042 Public charity (501(c)(3)) Lubbock, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates citizens, researches policy, and advocates for a fair and engaged Lubbock.
Leadership
Joshua Shankles · President · $4K
Money in and out
$487K revenue, $12K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$487K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$477K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $475K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Surplus margin
+98%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total revenue
$487K
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$477K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$475K
Total assetsPt X · Ln 16$477K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $3K of program spending, described in the organization's own filed words · FY2023.
01

Voter Access Network- Needed for community engagement, build voter lists, and track voter contacts

$1Kprogram expense
02

Zoom Subscription- Necessary for the rebroadcasting of organizations live show, conducting virtual meetings with stakeholders, clients, and partners.

$1Kprogram expense
03

Organization Laptop- Needed for the Project Manager overseeing programs to complete deliverables related to the project.

$928program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLubbock Compact Foundation
EINHdr · item D85-1733042
Principal addressHdr · item CLubbock, TX
WebsiteHdr · item Jlubbockcompact.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S05)
Ruling yearIRS BMFJan 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$4,264Pt VII · Sec A
Communications Chair
$4,264Pt VII · Sec A
Director
$0Pt VII · Sec A
Development Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
At Large Board Member
$0Pt VII · Sec A
At Large Board Member
$0Pt VII · Sec A
At Large Board Member
$0Pt VII · Sec A

Joshua Shankles’s $4K as President is at the 3rd percentile of top reported officer pay among 1711 $100K–1M 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$487K
— government grantsLn 1e$483K
Total revenueLn 12$487K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$12K
Total functional expensesLn 25$12K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$477K
Total liabilitiesLn 26$0
Total net assetsLn 32$477K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $12K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $12K · Total expenses $12K
100%
Management & General
Management & general $0 · Total expenses $12K
0%
Fundraising
Fundraising $0 · Total expenses $12K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $487K · Total revenue $487K
100%
Government reliance
Government grants $483K · Total revenue $487K
99%
Earned-income share
Program service revenue $0 · Total revenue $487K
0%
Investment reliance
Investment income $0 · Total revenue $487K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $12K
0%
Growth & trend
Revenue growth (YoY)
This year $487K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $477K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $487K · Expenses $12K
+98%
Liabilities-to-Assets
Total liabilities — · Total assets $477K
Net-asset ratio
Net assets $477K · Total assets $477K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $477K
0%
People & payroll
Highest Reported Total Compensation
Individual Joshua Shankles · Reported title President · Highest reported compensation $4K · Total expenses $12K
36%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9K · Total expenses $12K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$487K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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