Lubbock Entertainment And Performing Arts Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 175,200 | 72,553 | 102,647 | 17.0 | — |
| 2014 | 992,687 | 220,555 | 772,132 | 47.6 | 0% |
| 2015 | 16,940,104 | 281,416 | 16,658,688 | 2768.8 | 0% |
| 2016 | 4,119,274 | 393,318 | 3,725,956 | 2094.8 | 0% |
| 2017 | 3,829,846 | 327,758 | 3,502,088 | 2643.3 | 0% |
| 2018 | 5,589,356 | 368,584 | 5,220,772 | 2520.8 | 0% |
| 2019 | 4,822,924 | 483,147 | 4,339,777 | 2033.1 | 4% |
| 2020 | 4,640,352 | 815,385 | 3,824,967 | 1260.1 | 9% |
| 2021 | 3,966,271 | 4,800,499 | −834,228 | 202.2 | 2% |
| 2022 | 38,881,318 | 11,733,708 | 27,147,610 | 104.2 | 8% |
| 2023 | 7,664,636 | 11,510,100 | −3,845,464 | 102.3 | 11% |
In its most recent public year (2023), this organization spent $3,845,464 more than it brought in. Its reserves stood at about 102.3 months of spending, up from 17 in 2013. Staff pay was 11% of spending. $12,328,152 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Lubbock Entertainment And Performing Arts Association's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works