Lubbock Economic Development Alliance
TO PROMOTE ECONOMIC GROWTH BY CREATING HIGH QUALITY JOBS, INVESTING IN NEW CAPITAL IMPROVEMENTS, RETAINING AND EXPANDING EXISTING BUSINESSES AND ENHANCING LUBBOCK'S QUALITY OF LIFE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$56.3M
-8.6% YoY
Annual Giving
$4.3M
+268.3% YoY
Grant Count
11
-15.4% YoY
Avg Grant Size
$387K
+335.3% YoY
About Lubbock Economic Development Alliance
Based on IRS filings
Lubbock Economic Development Alliance is a nonprofit organization focused on Community Improvement & Capacity Building, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $56.3M in total assets. In 2024, it awarded 11 grants totaling $4.3M. Net investment income was $1.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $56,265,447 | $61,566,582 | $26,107,253 |
| Revenue | $16,845,151 | $12,728,693 | $10,240,082 |
| Expenses | $12,700,825 | $6,099,792 | $46,636,205 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,371,276 | $869,831 | $92,136 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
80 grants across all recorded years
Open Grants
3 open opportunities from Lubbock Economic Development Alliance
Downtown and East Side Grant Programs
LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE
Amount
Varies by project
Deadline
Rolling / Open
High Demand Job Training Grants
LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE
Amount
Up to $150,000 per grant
Deadline
Rolling / Open
Support Lubbock Fund
LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE
Amount
$20,000 - $60,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Leprino Foods ($3,000,000), South Plains College ($500,000), Tropicale Foods ($450,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BAYER CROP SCIENCE ST LOUIS, MO | ECONOMIC DEVELOPMENT | $32,000 |
| CORTEVA JOHNSTON, IA | ECONOMIC DEVELOPMENT | $50,000 |
| LEPRINO FOODS DENVER, CO | ECONOMIC DEVELOPMENT | $3,000,000 |
| MTBC BEAUTY SUPPLY MIAMI, FL | ECONOMIC DEVELOPMENT | $125,000 |
| SOUTH PLAINS COLLEGE LEVELLAND, TX | ECONOMIC DEVELOPMENT | $500,000 |
| SPUR ISD SPUR, TX | EQUIPMENT NEEDS | $27,337 |
| TYLER TECHNOLOGIES INC LUBBOCK, TX | ECONOMIC DEVELOPMENT | $6,000 |
| TRUENORTH STEEL INC FARGO, ND | ECONOMIC DEVELOPMENT | $16,500 |
| TROPICALE FOODS ONTARIO, CA | ECONOMIC DEVELOPMENT | $450,000 |
| MORTON ISD MORTON, TX | EQUIPMENT NEEDS | $22,448 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN OPPERMAN | DIRECTOR | 1 | — |
| CHRIS CARPENTER | DIRECTOR | 1 | — |
| HENRY PATEL | DIRECTOR | 1 | — |
| SONNY GARZA | DIRECTOR | 1 | — |
| WALTER CATHEY | DIRECTOR | 1 | — |
| BLAKE WOMBLE | DIRECTOR | 1 | — |
| MELISSA COLLIER | DIRECTOR | 1 | — |
| BRETT CATE | DIRECTOR | 2 | — |
| LORI RICE-SPEARMAN | DIRECTOR | 1 | — |
| JOHN OSBORNE | CEO | 20 | $372,272 |
| JANA JOHNSTON | CFO/COO | 20 | $208,423 |
| CHRISTINE ALLEN | VICE PRESIDENT | 20 | $128,852 |
| JAMES CONWRIGHT | CHAIRMAN | 2 | — |
| SARAH BEVERS | VICE CHAIRMAN | 1 | — |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETEN | 20 | $126,310 |
| DAVID RUSHING | DIRECTOR OF RECRUITMENT | 20 | $148,420 |
| KATHERINE WHITE | DIRECTOR OF MARKETING & CO | 20 | $126,737 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPE | 20 | $127,581 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lubbock Economic Development Alliance?
Lubbock Economic Development Alliance is a nonprofit organization focused on Community Improvement & Capacity Building, based in LUBBOCK, TX. It holds $56.3M in total assets as of 2024.
How large is Lubbock Economic Development Alliance?
As of 2024, Lubbock Economic Development Alliance holds $56.3M in total assets with $16.8M in annual revenue. It awarded 11 grants totaling $4.3M in 2024.
Where does Lubbock Economic Development Alliance operate?
Lubbock Economic Development Alliance has awarded grants in California, Colorado, Florida, Iowa, Missouri, North Dakota, Texas.
What size grants does Lubbock Economic Development Alliance award?
In 2024, Lubbock Economic Development Alliance awarded 11 grants totaling $4.3M — an average of about $387K per grant, based on its IRS Form 990 filings.
What is Lubbock Economic Development Alliance's EIN?
Lubbock Economic Development Alliance's EIN (Employer Identification Number) is 90-0183669. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lubbock Economic Development Alliance's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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