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.
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.
Focus Areas
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
Deadline not published
High Demand Job Training Grants
Lubbock Economic Development Alliance
Amount
Up to $150,000 per grant
Deadline
Deadline not published
Support Lubbock Fund
Lubbock Economic Development Alliance
Amount
$20,000 - $60,000
Deadline
Deadline not published
Ready to take the next step with Lubbock Economic Development Alliance?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2025 recipient was Tropicale Foods ($554K). Together the top 6 received $713K.
Grant Size Distribution
63 grants across all recorded years
The most common grant size was under $50K: 38 grants of 63 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tropicale Foods Ontario, CA | Economic Development | $554,000 |
| Smyer ISD Smyer, TX | Equipment Needs | $58,746 |
| Corteva Johnston, IA | Economic Development | $50,000 |
| Truenorth Steel Inc Fargo, ND | Economic Development | $35,500 |
| Vulpes Group Holding Corporation Lubbock, TX | Economic Development | $9,000 |
| Hydroflo Pumps USA Inc Cranston, RI | Economic Development | $6,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990 for fiscal year 2020 (received by the IRS July 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 6, 2022)
- Added Form 990 for fiscal year 2019 (received by the IRS August 13, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 19, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 26, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 30, 2025)
- 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
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.
Here's the math on researching Lubbock Economic Development Alliance by hand.
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Lubbock Economic Development Alliance down — hundreds of funders to go?