Lubbock Christian University
- Assets
- $116.8m
- Revenue
- $50.5m
- Investments
- $2.4m
- Employees
- 958
- Location
- Lubbock, TX
- Founding
- 12/1956
- Data as of
- 06/2021
- EIN
- 75-0950119
Organization Overview
Lubbock Christian University is located in Lubbock, TX. The organization was established in 1956. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Lubbock Christian University employed 958 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Christian University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lubbock Christian University generated $50.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $46.5m during the year ending 06/2021. While expenses have increased by 2.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LUBBOCK CHRISTIAN UNIVERSITY IS A CHRIST-CENTERED, ACADEMIC COMMUNITY OF LEARNERS, TRANSFORMING THE HEARTS, MINDS, AND HANDS OF STUDENTS FOR LIVES OF PURPOSE AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ACADEMIC INSTRUCTION WITH SMALL, PERSONAL CLASS SIZE, A 13:1 STUDENT TO FACULTY RATIO, OUTSTANDING FACULTY AND MENTORS, OVER 65 EXCEPTIONAL ACADEMIC PROGRAMS PROVIDED WITH A SAFE, INTIMATE, WELCOMING CAMPUS COMMUNITY THAT OFFERS STUDENTS AN OPPORTUNITY TO SUCCEED - PERSONALLY, SPIRITUALLY, AND PROFESSIONALLY. LCU ACHIEVES AN EXCEPTIONALLY HIGH PLACEMENT RATE FOR GRADUATES OF OUR EDUCATION PROGRAM AND OUR PRE-MED AND PRE-DENTAL MAJORS ARE ACCEPTED INTO THEIR RESPECTIVE PROFESSIONAL SCHOOLS AT RATES FAR EXCEEDING THE NATIONAL AVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Baldridge Trustee | Trustee | 1 | $0 |
Marcelino Banda Trustee | Trustee | 1 | $0 |
Tom Basye Trustee | Trustee | 1 | $0 |
Dee Dee Bundy Trustee | Trustee | 1 | $0 |
Mike Bustillos Trustee | Trustee | 1 | $0 |
Jim Cardwell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Texas Health Insurance | 6/29/22 | $2,412,646 |
Cantex Roofing & Construction Construction | 6/29/22 | $1,538,703 |
Aramark Services Inc Food Service | 6/29/22 | $1,525,105 |
City Of Lubbock Utilities Utility Service | 6/29/22 | $781,164 |
Scott Collier Construction Construction | 6/29/22 | $1,510,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,391,545 |
| Investment income | $443,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $287,972 |
| Net Rental Income | $88,012 |
| Net Gain/Loss on Asset Sales | $2,368,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $222,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,530,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,385,683 |
| Grants and other assistance to Foreign Orgs/Individuals | $540,796 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $665,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,196,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,260,701 |
| Payroll taxes | $1,171,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$4,435 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,731,642 |
| Advertising and promotion | $348,190 |
| Office expenses | $698,421 |
| Information technology | $766,890 |
| Royalties | $0 |
| Occupancy | $1,067,578 |
| Travel | $2,387,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $511,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601,092 |
| Insurance | $587,968 |
| All other expenses | $0 |
| Total functional expenses | $46,497,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,514,829 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,797,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,351,249 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,216 |
| Investments—publicly traded securities | $34,029,013 |
| Investments—other securities | $2,413,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,848,538 |
| Accounts payable and accrued expenses | $1,857,296 |
| Grants payable | $0 |
| Deferred revenue | $333,333 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,505,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,526,797 |
| Total liabilities | $22,223,321 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $94,625,217 |