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Lubbock Angel Network Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472941553 ✦ Lubbock, TX ✦ Designated as a 501(c)(6)

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Overview

What is Lubbock Angel Network Inc?

Lubbock Angel Network Inc is a nonprofit organization based in Lubbock, Texas. Its primary objective is to connect early-stage companies with potential investors, established businesses, community leaders, and higher education institutions. The goal is to support these companies in their growth and improvement processes. The network is led by Mike McDougal, who plays a significant role in its operations. The Lubbock Angel Network serves as a bridge, fostering collaborations and opportunities that can propel these companies towards success.


Official website here: www.lubbockangelnetwork.com

Is Lubbock Angel Network Inc legitimate?

Lubbock Angel Network Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lubbock Angel Network Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.lubbockangelnetwork.com

What is the mission statement of Lubbock Angel Network Inc?

The Lubbock Angel Network serves as a platform, encouraging early-stage companies to connect with accredited investors, established businesses, community leaders, and higher education leaders. Its primary objective is to assist these companies in their growth and improvement. By facilitating these interactions, the network aims to foster a conducive environment for enterprise development.


Official website here: www.lubbockangelnetwork.com

Who is the CEO of Lubbock Angel Network Inc?

Mike Mcdougal is the President of Lubbock Angel Network Inc.


Official website here: www.lubbockangelnetwork.com

What is the revenue of Lubbock Angel Network Inc?

Lubbock Angel Network Inc's revenue in 2022 was $15,794.


Official website here: www.lubbockangelnetwork.com

Who are the executives of Lubbock Angel Network Inc and what are their salaries?


Here are 5 key members and their salaries:


Jim Gilbreath (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Greenstreet (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Mcdougal (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Mcmahon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Presley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lubbockangelnetwork.com

Where can I find the form 990EZ for Lubbock Angel Network Inc?

Lubbock Angel Network Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.lubbockangelnetwork.com

Learn more at the official website: www.lubbockangelnetwork.com

Mission Statement of Lubbock Angel Network Inc

Lubbock Angel Network, a facilitator, plays a significant role in connecting early-stage companies with potential investors, established businesses, community leaders, and higher education institutions. The primary objective of this organization is to help these companies grow and improve. By providing a platform for interaction, Lubbock Angel Network aims to foster an environment that encourages the development and progress of these companies. Mike McDougal leads this network in Lubbock, Texas, demonstrating his commitment to supporting the growth of local businesses.

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Impact




October, 2024

Lubbock Angel Network Inc significantly impacts the local business ecosystem by connecting early-stage companies with key stakeholders such as accredited investors, established businesses, community leaders, and higher education representatives. This interaction fosters growth and improvement for emerging enterprises, which is crucial for economic development in Lubbock, TX. By facilitating these connections, the network enhances the entrepreneurial landscape, providing resources and support that allow startups to thrive, innovate, and contribute to the overall community improvement. Under the leadership of Mike McDougal, Lubbock Angel Network serves as a vital platform that drives collaboration and investment in promising new ventures, ultimately benefiting the broader community through job creation and economic diversification.




This information is meant to be a general summary of Lubbock Angel Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$15,794 (2022)
Expenses
$22,949 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $44
  • Gross Receipts: $15,794

Assets and Liabilities:

  • Total Assets: $26,968
  • Total Liabilities: $0
  • Net Assets: $26,968

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Organization Details

Principal Officer

Mike Mcdougal

Main Address

7822 ORLANDO AVENUE, LUBBOCK, TX, 79423

NTEE Category

Code: S41 - Community improvement

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