Lubbock Economic Development Alliance logo

Lubbock Economic Development Alliance

501(c)(4) organization Lubbock, TX EIN: 90-0183669 Website

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.

Key facts about Lubbock Economic Development Alliance

In short: Lubbock Economic Development Alliance gave $713K across 6 grants in 2025 (avg $119K), mostly in California. Source: 2025 IRS Form 990.

EIN
90-0183669
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$713,246
Grants made (2025)
6
Average grant
$118,874
Median grant
$42,750
Total assets
$63,525,132
Primary geography
California (78% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$63.5M

+12.9% YoY

Annual Giving

$713K

-90.4% YoY

Grant Count

6

-53.8% YoY

Avg Grant Size

$119K

-79.3% YoY

How Lubbock Economic Development Alliance gives

  • Giving fell 84% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Lubbock Economic Development Alliance

Based on IRS filings

Lubbock Economic Development Alliance is a public charity focused on Community Improvement & Capacity Building, based in Lubbock, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $63.5M in total assets. In 2025, it awarded 6 grants totaling $713K. Net investment income was $4.5M.

Open Grants

3 open opportunities from Lubbock Economic Development Alliance

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

LubbockLevellandSt. LouisDenver CityFrenshipJohnstonMortonOltonSlatonSmyerSpurWhitharralAntonBrownfieldDallasDenverEarthFargoFort WorthIdalou

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M28 grants2019 28 grants2020 9 grants2021 20 grants2022 15 grants2023 13 grants2024 6 grants2025

From 2019 to 2025, annual grant giving ranged from $306K (2021) to $7.5M (2024). In 2025 it made 6 grants totaling $713K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Tropicale Foods: $554KTropicale Foods$554KSmyer ISD: $59KSmyer ISD$59KCorteva: $50KCorteva$50KTruenorth Steel Inc: $36KTruenorth Steel Inc$36KVulpes Group Holding Corporation: $9KVulpes Group HoldingCorporation$9KHydroflo Pumps USA Inc: $6KHydroflo Pumps USA Inc$6K

The largest 2025 recipient was Tropicale Foods ($554K). Together the top 6 received $713K.

Grant Size Distribution

63 grants across all recorded years

38<$50K9$50–100K6$100–250K2$250–500K4$500K–1M4$1–5M$5M+

The most common grant size was under $50K: 38 grants of 63 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Tropicale Foods Ontario, CAEconomic Development$554,000
Smyer ISD Smyer, TXEquipment Needs$58,746
Corteva Johnston, IAEconomic Development$50,000
Truenorth Steel Inc Fargo, NDEconomic Development$35,500
Vulpes Group Holding Corporation Lubbock, TXEconomic Development$9,000
Hydroflo Pumps USA Inc Cranston, RIEconomic Development$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$63,525,132$56,265,447$61,566,582
Revenue$16,565,554$16,845,151$12,728,693
Expenses$7,040,474$12,700,825$6,099,792
Net Investment Income$4,489,382$1,371,276$869,831

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS July 29, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS July 6, 2022)
  3. Added Form 990 for fiscal year 2019 (received by the IRS August 13, 2020)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS July 19, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS July 26, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS June 30, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS July 23, 2026)

Leadership & Key People

Officers and directors from IRS filings

Lubbock Economic Development Alliance is led by John Osborne, CEO on every filing since 2019; 7 of 17 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • John Osborne

    CEO

    On filings since 2019

    20 hrs/week

    $302K (2019) → $406K (2025)

  • James Conwright

    Chairman

    Director → Vice Chairman, 2022

    Vice Chairman → Chairman, 2024

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Carolyn Rowley

    Director of Business Retention

    Director of Business Retention → Director of Business Reten, 2024

    Director of Business Reten → Director of Business Retention, 2025

    On filings since 2019

    20 hrs/week

    $117K (2019) → $149K (2025)

  • Jorge Quirino

    Director of Downtown & Special Projects

    Director of Downtown & Special Projects → Director of Downtown & Spe, 2024

    Director of Downtown & Spe → Director of Downtown & Special Projects, 2025

    On filings since 2021

    20 hrs/week

    $104K (2021) → $131K (2025)

  • Chris Rankin

    Director of Business Development

    New on the 2025 filing

    20 hrs/week

    $127K (2025)

  • Henry Patel

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Sonny Garza

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Blake Womble

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Melissa Collier

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Lori Rice-Spearman

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jordan Wheatley

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Mont McClendon

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Robert Taylor

    Director

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Jana Johnston

    CFO & COO

    On filings since 2019

    20 hrs/week

    $158K (2019) → $226K (2025)

  • Christine Allen

    Vice President

    On filings since 2023

    20 hrs/week

    $127K (2023) → $152K (2025)

  • M'lyn Hefner

    CFO

    New on the 2025 filing

    20 hrs/week

    $11K (2025)

  • Sarah Bevers

    Vice Chairman

    Director → Vice Chairman, 2024

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (17)
  • Former: Brett Cate (2019–2024) — Director
  • Former: Chris Carpenter (2019–2024) — Director
  • Former: John Opperman (2019–2024) — Director
  • Former: Walter Cathey (2022–2024) — Director
  • Former: David Rushing (2023–2024) — Director of Recruitment
  • Former: Katherine White (2023–2024) — Director of Marketing
  • Former: Barry Orr (2019–2023) — Director
  • Former: Matthew Bumstead (2019–2023) — Director
  • Former: Suzann Kirby (2019–2023) — Director
  • Former: Kenny McKay (2019–2022) — Vice President
  • Former: Tonya Christine Allen (2019–2022) — Director of Workforce Development
  • Former: Regina Johnston (2019–2021) — Director
  • Former: Kevin Holzbog (2021) — Project Manager
  • Former: Calvin Davis (2019–2020) — Director
  • Former: Mark Griffin (2019–2020) — Vice Chairman
  • Former: Kristie Caviness (2020) — Director of Marketing & Communications
  • Former: Kristin Murray (2020) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

John Osborne — CEO: $406KJohn OsborneCEO$406KJana Johnston — CFO/COO: $226KJana JohnstonCFO/COO$226KChristine Allen — Vice President: $152KChristine AllenVice President$152KCarolyn Rowley — Director of Business Retention: $149KCarolyn RowleyDirector of Business Retention$149KJorge Quirino — Director of Downtown & Special Projects: $131KJorge QuirinoDirector of Downtown & Special…$131KChris Rankin — Director of Business Development: $127KChris RankinDirector of Business Development$127KM'lyn Hefner — CFO: $11KM'lyn HefnerCFO$11K

The highest reported compensation on the 2025 filing was $406K, to John Osborne (CEO). 7 officers or directors reported compensation on that filing.

Frequently asked questions about Lubbock Economic Development Alliance

How much does Lubbock Economic Development Alliance give each year?

Lubbock Economic Development Alliance gave $713K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $7.5M across 13 grants.

What is Lubbock Economic Development Alliance's typical grant size?

Lubbock Economic Development Alliance's median grant in 2025 was $42,750, and its average grant was $118,874, across 6 grants on its 2025 IRS Form 990.

Where does Lubbock Economic Development Alliance give grants?

Lubbock Economic Development Alliance gives mostly in California: 78% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Texas (9%) and Iowa (7%).

Does Lubbock Economic Development Alliance give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Lubbock Economic Development Alliance's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Economic Development" (5 grants).

Who are Lubbock Economic Development Alliance's largest grantees?

Lubbock Economic Development Alliance's largest 2025 grantees include Tropicale Foods ($554,000), Smyer ISD ($58,746) and Corteva ($50,000), according to its 2025 IRS Form 990. Together they received 93% of its itemized 2025 grant dollars.

How large is Lubbock Economic Development Alliance?

Lubbock Economic Development Alliance reported $63.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $16.6M.

What is Lubbock Economic Development Alliance?

Lubbock Economic Development Alliance is a public charity focused on Community Improvement & Capacity Building, based in Lubbock, TX. It holds $63.5M in total assets as of 2025.

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 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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