2012-11-09T08:20:15-06:00 2011-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2011-01-01 751709180 LUBBOCK AREA FOUNDATION INC LUBB 8067628061 2509 80TH STREET LUBBOCK TX 79423 SHERYL CATES 8067628061 2012-11-08 1 Matt R Willis P00419741 8067473806 2012-11-08 2011 2016-02-24 21:20:13Z SHERYL CATES 2509 80TH STREET LUBBOCK TX 79423 8887287 0 X WWW.LUBBOCKAREAFOUNDATION.ORG X 1981 TX TO RECEIVE AND ACCEPT FUNDS AND PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES PRIMARILY IN THE TEXAS SOUTH PLAINS AREA. TO ENHANCE PHILANTHROPY AND STRENGTHEN THE SENSE OF COMMUNITY IN THE REGION. 24 24 5 50 0 0 3749109 1582674 10931 11119 1069159 1114784 -6826 -1431 4822373 2707146 983493 820937 0 0 264894 269852 0 0 194664 224443 277462 1472830 1368251 3349543 1338895 25317853 26026423 1444102 1436879 23873751 24589544 TO RECEIVE AND ACCEPT FUNDS AND PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES PRIMARILY IN THE TEXAS SOUTH PLAINS AREA. TO ENHANCE PHILANTHROPY AND STRENGTHEN THE SENSE OF COMMUNITY IN THE REGION. 0 0 1096844 820937 6334 THE ORGANIZATION ATTRACTS AND MANAGES CHARITABLE ENDOWMENTS AND AWARDED GRANTS TO 151 NON-PROFIT ORGANIZATIONS AND SCHOLARSHIPS TO 72 DIFFERENT STUDENTS. 2860 4785 THE ORGANIZATION MAINTAINS A FUNDING INFORMATION CENTER WHICH MAKES INFORMATION AND MATERIALS AVAILABLE TO THOSE PREPARING GRANT REQUESTS. THE ORGANIZATION ASSISTS IN INFORMING AREA GRANT SEEKERS ON HOW TO PREPARE A GRANT REQUEST. FINALLY, THE ORGANIZATION ADMINISTERS OTHER CHARITABLE PROGRAMS. 1099704 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X SHERYL CATES 8067628061 2509 80TH STREET LUBBOCK TX 79423 JOE STETTHEIMER 4.00 X X 0 0 0 JUANITA KIESLING 2.00 X X 0 0 0 JOHN TYE 1.00 X X 0 0 0 MARTHA ANN MCDONALD 0.50 X X 0 0 0 BARBARA GILLEY 1.00 X X 0 0 0 LOUISE CUMMINS 1.00 X X 0 0 0 ZACH BRADY 2.00 X 0 0 0 JERRY KOLANDER 0.50 X 0 0 0 BILL DETOURNILLION 1.00 X 0 0 0 LISA FLATHERS 1.00 X 0 0 0 ABE LINCOLN 1.00 X 0 0 0 BILL LOWELL 4.00 X 0 0 0 DEBBIE MACY 1.00 X 0 0 0 VELMA MEDINA 0.30 X 0 0 0 GREG PERKINS 0.80 X 0 0 0 DON RUSHING 1.00 X 0 0 0 SHARON MARTIN 0.30 X 0 0 0 TIM SAMPSON 2.00 X 0 0 0 RANDY SANDERS 0.20 X 0 0 0 BENJI SNEAD 0.30 X 0 0 0 RAY THORNTON 0.40 X 0 0 0 ELAINE MCNAIR 0.30 X 0 0 0 DAVID QUINTANILLA 1.00 X 0 0 0 CARLOS MORALES 1.00 X 0 0 0 KATHY STOCCO 1.00 X 77178 0 10118 77178 0 10118 0 0 0 0 0 112748 1469926 1582674 MANAGEMENT FEES 525990 6334 6334 WORKSHOP INCOME 611600 4785 4785 11119 620064 620064 6655462 6160742 494720 494720 494720 17968 112748 19399 -1431 -1431 2707146 11119 0 1113353 696672 696672 124265 124265 87296 26189 17459 43648 141990 42597 28398 70995 14200 4260 2840 7100 9600 2880 1920 4800 16766 5030 3353 8383 790 316 158 316 12400 4960 2480 4960 140627 140627 10525 3579 1368 5578 11360 5112 1136 5112 7045 2818 1409 2818 8780 3942 896 3942 6000 2700 600 2700 6653 2262 865 3526 11422 3883 1485 6054 3827 1531 765 1531 FUNDRAISING EXPENSES 50555 21651 8151 20753 DUES & SUBSCRIPTIONS 4618 1570 600 2448 LIBRARY EXPENSES 2860 2860 1368251 1099704 73883 194664 1588283 2107496 237971 35244 211275 202727 23518295 23716200 25317853 26026423 1444102 1436879 1444102 1436879 X 23685751 24483544 188000 106000 23873751 24589544 25317853 26026423 X 1338895 -623102 X X 0 1 0 X 0 X 595941 601622 1064580 1749109 1582674 5593926 595941 601622 1064580 1749109 1582674 5593926 2076277 3517649 660246 622203 542698 521434 620064 2966645 8560571 54614 0.41090 0.45600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40 154 878286 704388 292692 528245 7716999 16872545 1 1 0 1 23873751 1604911 491682 820937 485980 73883 24589544 19352910 3760040 2240457 983593 433621 62442 23873751 16617000 1073923 2542042 441743 380742 57570 19352910 20684436 617303 -3508047 730799 399149 46744 16617000 0.00000 1.00000 0.00000 0 0 12954 12954 202238 17840 184398 22779 17404 5375 202727 2707146 1368251 1338895 -623102 -623102 715793 2096593 -623102 12549 -610553 2707146 0 2707146 1380800 12549 12549 1368251 0 1368251 Part IV, Line 2b: AN AGENCY ENDOWMENT IS A TYPE OF DESIGNATED FUND ESTABLISHED BY A CHARITY AT LUBBOCK AREA FOUNDATION FOR THE CHARITY'S OWN BENEFIT OR THE BENEFIT OF A RELATED ENTITY. THAT IS, THE DONOR OR RESOURCE PROVIDER AND THE BENEFICIARY OR RECIPIENT IS THE SAME ENTITY. LUBBOCK AREA FOUNDATION HAS LEGAL OWNERSHIP OF FUNDS CONTRIBUTED TO AN AGENCY ENDOWMENT. AS SUCH, LUBBOCK AREA FOUNDATION'S BOARD HAS FIDUCIARY RESPONSIBILITY OVER THE FUNDS. AGENCY ENDOWMENTS ARE ONLY MAINTAINED FOR PUBLIC CHARITIES AND OR GOVERNMENTAL UNITS. Description of Intended Use of Endowment Funds: Part V, Line 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES WHICH ENHANCE PHILANTHROPY AND STRENGTHEN THE SENSE OF COMMUNITY WITHIN THE TEXAS SOUTH PLAINS AREA. Description of Uncertain Tax Positions Under FIN 48: Part X: LUBBOCK AREA FOUNDATION, INC. HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE CORPORATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE CORPORATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITIES. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2008. Part XII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES RECLASSED AGAINST FUNDRAISING INCOME 12,549. Part XIII, Line 2d - Other Adjustments: FUNDRAISING EXPENSES RECLASSED AGAINST FUNDRAISING INCOME 12,549. HEROES LUNCHEON 99575 96350 3225 250 3225 720 GOLF TOURNAMENT 16120 10320 5800 1050 5800 2 15021 6078 8943 2500 5854 130716 112748 17968 1050 8550 3225 6574 19399 -1431 1 FRIENDS OF THE LUBBOCK PUBLIC LIBRARY 1306 9TH STREET LUBBOCK TX 79410 756063293 501(C)(3) 18559 GENERAL OPERATING SUPPORT AND BLACK HISTORY MONTH PRESENTATION FOR PATTERSON LIBRARY. THE LOUISE HOPKINS UNDERWOOD CENTER FOR THE ARTS 511 AVE K LUBBOCK TX 79401 752732616 501(C)(3) 8257 FUNDING FOR COMMUNITY PROGRAMS AND SERVICES. ALL SAINTS EPISCOPAL SCHOOL OF LUBBOCK 3222 103RD STREET LUBBOCK TX 79423 752166880 501(C)(3) 6065 GRANTS FOR TEACHERS, GENERAL OPERATIONS, AND THE CAPITAL CAMPAIGN. LUBBOCK SYMPHONY ORCHESTRA 601 AVE K LUBBOCK TX 79401 756001993 501(C)(3) 8500 INSPIRING INTERNS, CHAMBER ENSEMBLE OUTREACH AND PERFORMANCE SERIES PROGRAM, LUBBOCK YOUTH SYMPHONY ORCHESTRA, AND GENERAL OPERATING SUPPORT. WOMEN'S PROTECTIVE SERVICES PO BOX 54089 LUBBOCK TX 79453 751633066 501(C)(3) 5100 GENERAL OPERATING SUPPORT AND EMERGENCY FUNDS. HUMANE SOCIETY OF WEST TEXAS 3112 21ST STREET LUBBOCK TX 79424 752534120 501(C)(3) 10000 MEDICAL SUPPLIES. PLAINVIEW COMMUNITY CONCERT ASSOCIATION PO BOX 1512 PLAINVIEW TX 790731512 751904485 501(C)(3) 7500 FUNDING FOR COMMUNITY CONCERT. RACE TRACK CHAPLAINCY RUIDOSO DOWNS PO BOX 449 RUIDOSO DOWNS NM 88346 237181877 501(C)(3) 5000 GENERAL OPERATING SUPPORT. BACKYARD MISSION 8205 QUINCY AVE LUBBOCK TX 79424 800378620 501(C)(3) 6000 TO ASSIST THE ORGANNIZATION WITH THEIR MISSION OF PROVIDING FREE HOME REPAIRS TO NEEDY FAMILIES IN THE LUBBOCK COMMUNITY. UMC FOUNDATION PO BOX 5980 LUBBOCK TX 79408 751639312 501(C)(3) 26309 CHILDREN'S MIRACLE NETWORK; KIDNEY TRANSPLANT FUND AND GENERAL SUPPORT. ASSIST HUMAN NEEDS 3101 35TH ST LUBBOCK TX 79413 752414113 501(C)(3) 10000 UTILITY, MEDICAL, EDUCATIONAL, EMPLOYMENT AND EMERGENCY ASSISTANCE FOR THE POOR. BALLET LUBBOCK 5702 GENOA AVE LUBBOCK TX 79424 510163294 501(C)(3) 5000 TO PROMOTE THE BALLET AND FINE ARTS. CATHOLIC FOUNDATION OF THE DIOCESE OF LUBBOCK 4620 4TH ST LUBBOCK TX 79424 752773524 501(C)(3) 5170 TO PROMOTE THE MISSION OF THE CATHOLIC CHURCH. CHILDREN'S ADVOCACY CENTER OF THE SOUTH PLAINS 720 TEXAS AVE LUBBOCK TX 79401 752660920 501(C)(3) 10168 TO ASSIST CHILDREN IN THE COURT SYSTEM WHO HAVE EXPERIENCED PHYSICAL OR SEXUAL ABUSE. CURE CANCER FOUNDATION PO BOX 54150 LUBBOCK TX 79453 202022715 501(C)(3) 5000 TO HELP THE FIGHT AGAINST CANCER. HOSPICE OF LUBBOCK PO BOX 16800 LUBBOCK TX 79490 752133781 501(C)(3) 5454 TO PROVIDE CARE AND COMFORT FOR THE TERMINALLY ILL. LUBBOCK AREA UNITED WAY 1655 MAIN ST LUBBOCK TX 79401 750961812 501(C)(3) 7052 TO PROMOTE PEOPLE EMPOERING PEOPLE. LUBBOCK MEALS ON WHEELS 2304 34TH ST LUBBOCK TX 79411 751333736 501(C)(3) 8060 TO PROVIDE MEALS FOR INDIVIDUALS WHO ARE DISABLED OR HOMEBOUND. LUBBOCK MOONLIGHT MUSICALS PO BOX 93522 LUBBOCK TX 79493 203575558 501(C)(3) 6000 TO PROMOTE FINE ARTS. LUTHERAN SOCIAL SERVICES 1318 BROADWAY LUBBOCK TX 79401 741109745 501(C)(3) 5000 TO CHANGE LIVES THROUGH INNOVATIVE QUALITY CHRISTIAN CARE. OMEGA MISSION 15219 JOLIET AVE LUBBOCK TX 79423 202495937 501(C)(3) 70000 TO TRANSFORM LIVES IN IMPOVERISHED COMMUNITIES OF AFRICA. SOUTH PLAINS FOOD BANK 4612 LOCUST AVE LUBBOCK TX 79404 751904829 501(C)(3) 13845 TO ALLEVIATE HUNGER AND GIVE HOPE TO THE HUNGRY. ST ELIZABETH'S CATHOLIC CHURCH 2305 MAIN STREET LUBBOCK TX 79401 751699865 501(C)(3) 101723 TO PROMOTE THE CATHOLIC FAITH. TEXAS BOYS RANCH PO BOX 5665 LUBBOCK TX 79408 237292527 501(C)(3) 5000 TO PROVIDE CARE FOR ABUSED AND NEGLECTED CHILDREN. UNIVERSITY THERAPEUTIC RIDING CENTER BOX 42141 LUBBOCK TX 79409 756043842 501(C)(3) 5778 TO PROVIDE THERAPEUTIC HORSEBACK RIDES AND HIPPOTHERAPY TO CHILDREN AND ADULTS WITH PHYSICAL, COGNITIVE AND EMOTIONAL DISABILITIES. YOUTH ORCHESTRAS OF LUBBOCK 4410 14TH STREET LUBBOCK TX 79416 273569833 501(C)(3) 21787 TO PROVIDE AN EXCEPTIONAL MUSIC EDUCATION EXPERIENCE. YWCA 3101 35TH ST LUBBOCK TX 79413 750939427 501(C)(3) 5274 TO ELIMINATE RACISM, EMPOWER WOMEN AND PROMOTE PEACE, JUSTICE, FREEDOM AND DIGNITY FOR ALL. 31 0 SCHOLARSHIPS FOR HIGHER EDUCATION. SPECIFICALLY SCHOLARSHIPS FOR ATTENDING JUNIOR COLLEGES OR UNIVERSITIES. 72 124265 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE LUBBOCK AREA FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS CAPABLE OF PROVIDING SERVICES FOR AREA RESIDENTS. IN THE CASE OF DONOR-ADVISED FUND RECOMMENDATIONS, GRANTS CAN ALSO BE MADE FOR CHARITABLE PURPOSES OUTSIDE OF THE LUBBOCK AREA. THE FOUNDATION WILL REVIEW THE CREDENTIALS OF ALL NON-PROFIT ORGANIZATIONS SEEKING GRANTS. THIS REVIEW WILL INCLUDE VERIFICATION OF IRS RULING AND PROGRAM EVALUATIONS THAT DETAIL THE USE OF FUNDS GRANTED. THE FOUNDATION IS OBLIGATED TO WITHHOLD OR RECALL GRANTS TO ORGANIZATIONS THAT CANNOT OR ARE UNWILLING TO PROVIDE APPROPRIATE DOCUMENTATION AND REPORTS THAT ENSURE APPROPRIATE USE OF FUNDS. ADDITIONAL CRITERIA FOR EVALUATION OF REQUESTS FOR FUNDING FROM THE FOUNDATION'S UNRESTRICTED FUNDS MAY INCLUDE THE FOLLOWING: 1. SCREENING FOR ELIGIBILITY: HAS THE ORGANIZATION PROVIDED BASIC DOCUMENTATION, INCLUDING IRS DETERMINATION LETTER AND FINANCIAL STATEMENTS? IS THERE A CLEAR AND CONCISE PROPOSAL? DOES THE REQUEST MEET THE LEGAL REQUIREMENTS AND THE INTEREST AREAS OF THE LUBBOCK AREA FOUNDATION? 2. ORGANIZATION STRENGTH: IS THIS A CREDIBLE ORGANIZATION? WHAT IS ITS MISSION? WHAT IS ITS PROFESSIONAL STANDING WITHIN ITS COMMUNITY? WHAT IS ITS TRACK RECORD? WHO IS SERVED AND ARE THERE SIMILAR PROGRAMS IN THE SAME GEOGRAPHICAL AREA? IS THERE EVIDENCE OF COMMUNITY SUPPORT? 3. PEOPLE: DO KEY PERSONNEL HAVE THE NECESSARY EXPERTISE TO UNDERTAKE THE PROPOSED PROGRAM AND CAPABILITY TO REACH THE OBJECTIVES? IS THE MANAGEMENT WELL-ORGANIZED? DOES THE BOARD COMPOSITION REFLECT AN APPROPRIATE DIVERSITY OF SKILLS AND BACKGROUNDS? 4. FINANCIAL CONDITION: HOW DOES THE AGENCY MEET DAY-TO-DAY OPERATIONS? IS THERE A BROAD BASE OF SUPPORT? IF THERE IS AN OPERATIONAL DEFICIT, HOW DOES THE AGENCY INTEND TO MEET THE DEFICIT? DOES THE PROGRAM HAVE A CREDIBLE BUDGET? 5. IDENTIFIED NEED TO BE ADDRESSED: HAS AN IMPORTANT PROBLEM OF WORKABLE DIMENSIONS BEEN PRESENTED AND DATA BEEN GIVEN TO SUBSTANTIATE THE PROBLEM? 6. PROGRAM OBJECTIVES: WHAT WILL BE ACCOMPLISHED WITH THE PROPOSED FUNDING? ARE THE OBJECTIVES REALISTIC AND MEASURABLE? DO THEY RELATE TO THE STATED PROBLEM OR NEED? IF THIS IS A NEW ACTIVITY OR APPROACH, WHAT HAS BEEN LEARNED FROM RESEARCH OR A SIMILAR PROGRAM? 7. METHODS: ARE THE PLANS SUFFICIENTLY DETAILED? IS THERE EVIDENCE GIVEN THAT SUPPORT THE PROPOSED RESULTS? IS THE TIMETABLE FOR IMPLEMENTATION REALISTIC? 8. EVALUATION: IS THERE A PROCEDURE DESIGNED TO MEASURE ACCOMPLISHMENTS OR OBJECTIVES? 9. FUTURE/OTHER FUNDING: WHAT OTHER FUNDING SOURCES HAVE BEEN IDENTIFIED? IF THE PROGRAM IS TO BE CONTINUED BEYOND THE GRANT PERIOD, IS A VERIFIABLE PLAN PRESENTED FOR FUTURE FINANCIAL SUPPORT? IF THE DUE DILIGENCE INVESTIGATION DETERMINES THAT THE PROSPECTIVE GRANTEE QUALIFIES FOR A GRANT DISTRIBUTION, THE PROPOSAL WILL BE PRESENTED TO THE GRANTS COMMITTEE FOR CONSIDERATION. IF THE DUE DILIGENCE INVESTIGATION DETERMINES THAT THE PROSPECTIVE GRANTEE DOES NOT QUALIFY FOR A GRANT DISTRIBUTION, THE FOUNDATION WILL INFORM THE PROSPECTIVE GRANTEE, AND IF APPLICABLE, THE FUND ADVISOR WHO RECOMMENDED THE GRANT, OF THIS DECISION AND THE APPLICATION/RECOMMENDATION SHALL BE CONSIDERED REJECTED. PROPOSALS ARE PRESENTED BY THE FOUNDATION STAFF TO THE GRANTS COMMITTEE. GRANTS COMMITTEE RECOMMENDATIONS ARE THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. STAFF AND THE GRANTS COMMITTEE MEMBERS WILL ANNUALLY REVIEW FUND AGREEMENTS THAT CLEARLY DESCRIBE DONOR INTENT AND THE PURPOSE FOR WHICH THE FUND WAS ESTABLISHED. STAFF AND GRANTS COMMITTEE MEMBERS WILL DISCUSS SUITABLE GRANTEES FOR DONOR ADVISED, FIELD-OF-INTEREST AND UNRESTRICTED FUNDS AT EACH GRANTS COMMITTEE MEETING. DONORS WILL BE ENCOURAGED TO REVIEW AGREEMENTS WITH THEIR PERSONAL ADVISORS. DONORS WILL ALSO BE ORIENTED TO FOUNDATION ADMINISTRATIVE FEES AND PROCEDURES FOR RECOMMENDING GRANTS, AND THEY WILL RECEIVE SEMI-ANNUAL REPORTS THAT DETAIL FUND ACTIVITY. FUND ADVISORS SHOULD EXPECT REGULAR COMMUNICATION FROM THE FOUNDATION, INCLUDING INFORMATION ON UNMET COMMUNITY NEEDS THAT COULD POSSIBLY BE SUPPORTED THROUGH THEIR FUNDS. Form 990, Part VI, Section B, line 11 A COPY WILL BE PRESENTED TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. Form 990, Part VI, Section B, line 12c BOARD MEMBERS AND STAFF ARE REQUIRED TO COMPLETE AND RETURN A STATEMENT EACH YEAR STATING THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND AGREE TO ABIDE BY ITS TERMS. Form 990, Part VI, Section C, line 19 THE ORGANIZATION PUTS AN ELECTRONIC COPY OF IT'S MOST RECENT FORM 990 AND AUDITED FINANCIAL STATEMENTS ON THEIR WEBSITE. ADDITIONALLY, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -623,102. AUDIT COMMITTEE Form 990, Part XII, Line 2c THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR.