LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE
1500 BROADWAY NO 600, LUBBOCK, TX 79401 www.lubbockeda.org

Total Revenue
$7,562,648
Total Expenses
$7,377,566
Net Assets
$14,311,941

Organizations Filed Purposes: 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.

LEDA WOULD CERTAINLY USE THE RECENTLY MOST POPULAR WORD TO DESCRIBE OUR FISCAL YEAR 2019-2020, "UNPRECEDENTED". WE HAD TO LEARN TO COMMUNICATE DIFFERENTLY, TO WORK DIFFERENTLY AND TO DO BUSINESS DIFFERENTLY, DUE TO THE GLOBAL PANDEMIC THAT HAS AFFECTED ALL OF US. EVEN WITH 3/4 OF OUR FISCAL YEAR THROWN INTO UPHEAVAL, LEDA WAS ABLE TO MAKE SIGNIFICANT POSITIVE IMPACTS ON THE ECONOMY OF LUBBOCK. WE WERE ABLE TO HELP COMPANIES TO ANNOUNCE OVER 1,000 NEW JOBS TO BE CREATED IN LUBBOCK AND TO ANNOUNCE MORE THAN $15,500,000 IN CAPITAL INVESTMENT IN THE CITY LIMITS OF LUBBOCK. A FEW OF THE BUSINESSES CHOOSING TO GROW IN LUBBOCK ARE CORTEVA AGRISCIENCE, SKYWRIITER MD AND SAIN FRANCIS MINISTIRES. HOWEVER, ONE OF THE MOST UNIQUE SUCCESSES OF LEDA WAS THE ABILITY, WITH THE SUPPORT OF THE LEDA BOARD OF DIRECTORS, TO DIVERT $1 MILLION OF OUR BUDGET TO A SUPPORT LUBBOCK FUND. IN PARTNERSHIP WITH SOUTH PLAINS ASSOCIATION OF GOVERNMENTS, LEDA WAS ABLE TO PROVIDE EMERGENCY FUNDS TO 29 BUSINESSES FORGIVEABLE LOANS BETWEEN $20,000 AND $60,000 TO KEEP THEIR BUSINESSES OPEN. EITHER NEW TO THE AREA OR EXPANDING THEIR PRESENCE IN LUBBOCK. LEDA CONTINUED IN ITS PARTNERSHIP WITH THE AUSTIN CODING ACADEMY, TEXAS TECH UNIVERSITY AND SOUTH PLAINS COLLEGE TO LAUNCH A LUBBOCK CODING ACADEMY TO MEET THE GROWING DEMAND FOR TECHNICAL SKILLS IN CODING WITH THE GRADUTATION OF 29 STUDENTS INTO THE WORKFORCE TO MEET THE TREMENDOUS NEED FOR TECHNOLOGY CODERS. LEDA AGAIN PARTNERED WITH THE TWC AND WORKFORCE SOLUTIONS SOUTH PLAINS TO GRANT TO FIFTEEN AREA SCHOOL DISTRICTS FUNDS TO BE USED TO PURCHASE EQUIPMENT THAT WOULD BENEFIT MORE THAN 2,000 STUDENTS IN THIS YEAR ALONE, HELPING THEM BE MORE PREPARED TO ENTER THE WORKFORCE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
John OsborneCEO20$354,841
Jana JohnstonCFO/COO20$175,455
Kenny MckayVICE PRESIDENT20$159,709
Carolyn RowleyDIRECTOR OF RECRUITMENT &20$123,957
Tonya Christine AllenDIRECTOR OF WORKFORCE DEV20$112,963
Kristie CavinessDIRECTOR OF MARKETING & COMMUNICATION20$104,589
Chris CarpenterDIRECTOR1$0
Brett CateDIRECTOR1$0
Kristin MurrayDIRECTOR1$0
Calvin DavisDIRECTOR1$0
Matthew BumsteadDIRECTOR1$0
John OppermanDIRECTOR1$0
Suzann KirbyDIRECTOR1$0
Regina JohnstonDIRECTOR1$0
Mark GriffinVICE CHAIRMAN1$0
Barry OrrCHAIRMAN2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202102109349301050_public.xml