Nonprofit · EIN 75-2621353
MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LUBBOCK, TX 79401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $9,234,926 | $9,749,734 | -$514,808 | $13,446,245 | $2,357,769 | $11,088,476 |
| September 30, 2024 | 990 | $9,439,371 | $9,221,057 | $218,314 | $12,675,101 | $981,916 | $11,693,185 |
| September 30, 2023 | 990 | $10,379,213 | $8,854,597 | $1,524,616 | $12,882,396 | $1,407,525 | $11,474,871 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $8,712,290
- of which government grants
- $8,706,290
- Program service revenue
- $14,125
- Investment income
- $508,511
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,550,140
- Other salaries and wages
- $1,290,263
- Salaries, compensation and benefits (total)
- $1,495,232
- Professional fundraising fees
- $0
- Legal fees
- $34,111
- Accounting fees
- $29,548
- Occupancy
- $689,089
- Travel
- $6,243
- Depreciation
- $43,807
- Program services (functional)
- $8,213,136
- Management and general (functional)
- $1,536,598
Balance sheet and other
- Total assets, start of year
- $12,675,101
- Total assets, end of year
- $13,446,245
- Total liabilities, end of year
- $2,357,769
- Net assets, end of year
- $11,088,476
- Land, buildings and equipment
- $532,282
- Gross receipts
- $9,234,926
- Employees
- 26
- Volunteers
- 10
- Year formed
- 1995
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN OSBORNE | CEO Officer | 20 | $0 | $405,702 | $54,406 |
| JANA JOHNSTON | CFO/COO Officer | 20 | $0 | $226,160 | $12,863 |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETENTION Highest-paid employee | 20 | $0 | $149,286 | $28,845 |
| CHRISTINE ALLEN | VICE PRESIDENT Officer | 20 | $0 | $152,339 | $25,288 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPE Highest-paid employee | 20 | $0 | $130,591 | $20,131 |
| CHRIS RANKIN | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 20 | $0 | $126,649 | $19,984 |
| AMY ZIENTEK | DIRECTOR OF COMMUNITY DEVELOPMENT AND MARKET INTEL Highest-paid employee | 40 | $120,219 | $0 | $15,398 |
| ROBERT HARRISON | DIRECTOR OF SPORTS Highest-paid employee | 40 | $121,929 | $0 | $13,375 |
| M'LYN HEFNER | CFO Officer | 20 | $0 | $10,974 | $0 |
| JAMES CONWRIGHT | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SARAH BEVERS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JORDAN WHEATLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MONT MCCLENDON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SONNY GARZA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAKE WOMBLE | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA COLLIER | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| LORI RICE-SPEARMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN OSBORNE | CEO Officer | 20 | $0 | $372,272 | $33,553 |
| JANA JOHNSTON | CFO/COO Officer | 20 | $0 | $208,423 | $20,008 |
| DAVID RUSHING | DIRECTOR OF RECRUITMENT Highest-paid employee | 20 | $0 | $148,420 | $7,034 |
| CHRISTINE ALLEN | VICE PRESIDENT Officer | 20 | $0 | $128,852 | $26,027 |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETEN Highest-paid employee | 20 | $0 | $126,310 | $17,703 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPE Highest-paid employee | 20 | $0 | $127,581 | $15,337 |
| KATHERINE WHITE | DIRECTOR OF MARKETING & CO Highest-paid employee | 20 | $0 | $126,737 | $6,975 |
| ROBERT HARRISON | DIRECTOR OF SPORTS Highest-paid employee | 40 | $117,396 | $0 | $13,967 |
| AMY ZIENTEK | DIRECTOR OF TOURISM Highest-paid employee | 40 | $114,677 | $0 | $14,770 |
| JAMES CONWRIGHT | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SARAH BEVERS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN OPPERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS CARPENTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SONNY GARZA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WALTER CATHEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BLAKE WOMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRETT CATE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LORI RICE-SPEARMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN OSBORNE | CEO Officer | 20 | $0 | $413,308 | $46,921 |
| JANA JOHNSTON | CFO/COO Officer | 20 | $0 | $211,995 | $19,004 |
| CHRISTINE ALLEN | VICE PRESIDENT Officer | 20 | $0 | $127,336 | $36,171 |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETENTION Highest-paid employee | 20 | $0 | $128,494 | $34,863 |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPECIAL PROJECTS Highest-paid employee | 20 | $0 | $126,363 | $14,841 |
| ROBERT HARRISON | DIRECTOR OF SPORTS Highest-paid employee | 40 | $113,149 | $0 | $13,832 |
| KATHERINE WHITE | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 20 | $0 | $114,957 | $9,953 |
| AMY ZIENTEK | DIRECTOR OF TOURISM Highest-paid employee | 40 | $110,014 | $0 | $14,109 |
| BRETT CATE | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JAMES CONWRIGHT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARRY ORR 1022 - 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUZANN KIRBY 1022 - 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN OPPERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW BUMSTEAD 1022 - 1122 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS CARPENTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SONNY GARZA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WALTER CATHEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH BEVERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BLAKE WOMBLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA COLLIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 BROADWAY STE 600, LUBBOCK, TX 79401-3167
- Principal officer (990 for 2024)
- JOHN OSBORNE, 1500 BROADWAY 600, LUBBOCK, TX 79401
- Signed the 990
- M'LYN HEFNER, CFO
- Phone
- (806) 749-4500
- Website
- WWW.VISITLUBBOCK.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO ENHANCE AND ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION AND FACILITATE THE DEVELOPMENT OF NEW INDUSTRIES. MANAGE AND OVERSEE THE OPERATIONS OF VISIT LUBBOCK AND FOREIGN TRADE ZONE 260. VISIT LUBBOCK ENCOMPASSES THE OPERATIONS OF THE CONVENTION AND VISITORS BUREAU AND LUBBOCK SPORTS.
Program accomplishments
- IN 2024-2025, MARKET LUBBOCK, INC. CONTINUED THEIR DECADES-LONG WORK, IN PARTNERSHIP WITH THE CITY OF LUBBOCK, TO STIMULATE PRIVATE INVESTMENT IN EAST, NORTH, AND DOWNTOWN LUBBOCK. LUBBOCK IS COMMITMENT TO CREATING A VIBRANT DOWNTOWN WHICH IS CRUCIAL FOR ATTRACTING AND RETAINING A DYNAMIC FUTURE WORKFORCE. MARKET LUBBOCK INCREASED ITS EFFORTS TO INCREASE AWARENESS OF LUBBOCK AS A GREAT PLACE TO WORK, LIVE AND PLAY THROUGH TARGETED MARKETING EFFORTS AND PARTNERSHIP WITH TEXAS TECH UNIVERSITY THROUGH THE EFFORTS SUCH AS THE TTU INNOVATION HUB. MARKET LUBBOCK IS PROUD TO PARTNER WITH TEXAS TECH UNIVERSITY TO PROVIDE ASSISTANCE FOR 10 PROGRAMS TO FURTHER INNOVATION AND ENTREPRENEURSHIP. THE PROJECTS CONDUCTED AT THE HUB ARE CRUCIAL TO ENSURING A PROGRESSIVE AND DIVERSE BUSINESS CLIMATE IN LUBBOCK. FROM ACCELERATION TO IDEATION, ENTREPRENEURS, RESEARCHERS AND COMMUNITY MEMBERS ARE PROVIDED THE EDUCATION, MENTORSHIP AND RESOURCES TO FOSTER AN ENVIRONMENT OF SUCCESS. VISIT LUBBOCK, THROUGH THE CONVENTION AND VISITORS BUREAU AND LUBBOCK SPORTS, CONTRACTED WITH MEETING PLANNERS, CONVENTION ORGANIZERS AND SPORTS EVENT ORGANIZERS TO BRING CONVENTIONS AND EVENTS TO LUBBOCK, PRODUCING A STRONG ECONOMIC IMPACT TO OUR COMMUNITY BY BRINGING VISITORS TO STAY IN HOTELS, EAT AT RESTAURANTS, AND SHOP AT LUBBOCK BUSINESSES. DURING 2024-2025, VISIT LUBBOCK WAS NAMED DESTINATION MARKETING ORGANIZATION OF THE YEAR BY DESTINATIONS TEXAS AND DESIGNATED A TOURISM FRIENDLY COMMUNITY BY THE GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT AND TOURISM. LUBBOCK SPORTS GENERATED 145,000 ROOM NIGHTS, MAKING A SIGNIFICANT ECONOMIC IMPACT TO THE CITY OF LUBBOCK.Expenses $8,213,136 · grants $3,550,140 · revenue $14,125
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 75-2621353
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $13,446,245
- Income (IRS master file)
- $9,234,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $9,234,926 | $9,749,734 | $13,446,245 | XML |
| 990 | September 2024 | $9,439,371 | $9,221,057 | $12,675,101 | XML |
| 990 | September 2023 | $10,379,213 | $8,854,597 | $12,882,396 | XML |
| 990 | September 2022 | $9,055,238 | $7,002,008 | $11,036,152 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2621353).
Questions about MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION is 75-2621353.
- Is MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1999.
- Are donations to MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names JOHN OSBORNE.
- Who are the officers and directors of MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 19 people; 2 received compensation from the organization.
- How much revenue does MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $9,234,926, expenses of $9,749,734 and total assets of $13,446,245 at year end.
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- JUNIOR LEAGUE OF LUBBOCK TEX INC EIN 75-1181735 · last filed 990 for 2023
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All nonprofits in LUBBOCK · Texas · Community improvement and capacity building