LCU Foundation
Legal name: Lubbock Christian University Foundation
Nonprofit profile at a glance
- EIN
- 272437873
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2010
- Location
- Lubbock, TX, USA
- Phone
- 8067207408
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,761,893
- Expenses
- $4,061,739
- Assets
- $9,587,352
- Liabilities
- $52,566
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- BILL BUNDY (PRESIDENT)
Highest reported compensation
- SCOTT MCDOWELL (DIRECTOR): $336,417 total reported compensation
- BILL BUNDY (PRESIDENT): $21,848 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Raising funds to support the work and projects of Lubbock Christian University, including support for programs and scholarships and funding initiatives such as faculty chair positions and capital/instructional facilities. Lubbock Christian University Foundation was set up in 2009 to support the work and projects of Lubbock Christian University by uniting donor passions and university goals. Established as a not-for-profit, independent 501(c)(3) organization, LCU Foundation focuses on strategic initiatives to promote the mission of LCU. Profile photo of Bill Bundy Bill Bundy President. Through an endowed gift, you can help LCU lay the groundwork for continued success as a competitive university. Your investment in LCU can be used to support a program, scholarship, or faculty chair position. These gifts typically bear the donor’s name, celebrating your commitment to and support of LCU....
What it reported doing in 2024
Raising funds to support the academic activities of lubbock christian university as well as raising funds for instructional facilities for the university.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 71
- Accountability: 76
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.5%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 43rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.5%; rating input score 95; 26th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 2.36; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: -5.4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 100% of revenue deployed · 99.5% of spending went to programs
- Governance: 21 of 22 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4M in reported program spending
- Leadership: top reported pay $336K · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 16 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.