Lubbock Experience Inc
Nonprofit profile at a glance
- EIN
- 208957025
- IRS 990 coverage
- 2019–2025
- Forms available
- Form 990 2025, Form 990-N 2018
- Location
- Lubbock, TX, USA
- Phone
- 8067494500
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Service Organizations and Activities
Reported finances
- Revenue
- $3,832,733
- Expenses
- $443,464
- Assets
- $5,724,103
- Liabilities
- $821
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JOHN OSBORNE (PRESIDENT)
- STACY KEITH (EXECUTIVE DIRECTOR)
Highest reported compensation
- JOHN OSBORNE (PRESIDENT): $554,520 total reported compensation
- JANA JOHNSTON (BOARD MEMBER): $239,773 total reported compensation
- STACY KEITH (EXECUTIVE DIRECTOR): $176,420 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Seek funding through private contributions, sponsorships and apply for local, state and national grants to 1) support increased participation in amateur sporting events, 2) assist and support educational opportunities and conferences in the community, 3) assist in support of historic preservation and cultural heritage, and 4) support qualifying activities related to visitor information centers in support of the lubbock community and west Texas area.
What it reported doing in 2025
In 2025, lubbock experience, inc and its dba lubbock cultural arts foundation (lcaf) grew the mission of the organization. Lcaf celebrated its 5th anniversary with the "hi 5 celebration" in september 2025. Lcaf was successful in obtaining private support that allowed for the continuation of buffalo grass fest, arts after hours, filmmakers meet-ups and "getting the gig" educational and networking opportunities for local creatives. Lcaf worked with the city to obtain the Texas digital media friendly certification for the city of lubbock. Lubbock experience continues to provide assistance to the lubbock downtown tif and the city of lubbock to oversee the construction of a pickering park in downtown lubbock.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 84
- Accountability: 37
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.9%; rating input score 12
- Program expense ratio: 79.3%; rating input score 79
- Fundraising efficiency: $88.29 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 40%; rating input score 40; 9th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 88.4%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 12.91; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 57.5%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 11.9% of revenue deployed · 79.3% of spending went to programs
- Governance: 2 of 5 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $352K in reported program spending
- Leadership: top reported pay $555K · 6 people listed · 4 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2019 to 2025
- 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 — Financial Efficiency: Mission deployment rate scored 12/100.
- Moderate — Accountability: Independent voting board scored 40/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.