INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC (EIN 04-2052723)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-03-04
- IRS object ID
- 202400649349100420
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- All Oth Prog Rltd Investments Sch
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-03-04T15:04:47-06:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043033132 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOISELLE & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 BRIDGEVIEW CIRCLE | AddressLine1Txt |
| City | TYNGSBORO | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01879 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042052723 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDEPENDENT UNIVERSITY ALUMNI | BusinessNameLine1Txt |
| Business Name Line2 | ASSOCIATION AT LOWELL INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INDE | BusinessNameControlTxt |
| Phone | 9789346530 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 242 | AddressLine1Txt |
| City | LOWELL | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01853 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN D SHANAHAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9789346530 | PhoneNum |
| Signature | 2024-03-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KEVIN | PersonFirstNm |
| Person Last | SHANAHAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD LOISELLECPA | PreparerPersonNm |
| PTIN | P00459208 | PTIN |
| Phone | 9786492204 | PhoneNum |
| Preparation | 2024-03-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,120,997 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $3,298 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $280,404 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $280,404 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $280,404 | DividendsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $455 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $455 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $284,157 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $280,404 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $280,859 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $53,840 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $53,840 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $4,039 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $4,039 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $2,010 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $2,010 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $10,110 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,453 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,250 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $9,600 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $8,726 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,040 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,040 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $6,512 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $48,614 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $39,517 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $39,517 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,541 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $137,589 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $40,557 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $40,557 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $89,995 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $191,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $196,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $328,589 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $40,557 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $40,557 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $285,995 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$44,432 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $239,847 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $240,302 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $33,401 | CashBOYAmt |
| Cash EOY | $42,522 | CashEOYAmt |
| Cash EOYFMV | $42,522 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $444,943 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $237,178 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $237,178 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $8,293,487 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,841,297 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,841,297 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,319 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,319 | LandBldgEquipAccumDeprecAmt |
| Total Assets BOY | $8,771,831 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,120,997 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,120,997 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $9,179 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $12,364 | AccountsPayableEOYAmt |
| Grants Payable BOY | $5,000 | GrantsPayableBOYAmt |
| Other Liabilities BOY | $32,579 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $4,813 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $46,758 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,177 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,221,479 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,424,891 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $5,503,594 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $5,678,929 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,725,073 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,103,820 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,771,831 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,120,997 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,725,073 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$44,432 | ExcessRevenueOverExpensesAmt |
| Other Increases | $423,179 | OtherIncreasesAmt |
| Subtotal | $9,103,820 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,103,820 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,334 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,334 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,334 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $178 | EsPenaltyAmt |
| Tax Due | $3,512 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARGARET SHANAHAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9789346530 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 242 | AddressLine1Txt |
| City | LOWELL | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01853 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MARGARET SHANAHAN | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | EXECUTIVE DIRECTOR | 35.00 | $53,840 | $0 | $0 |
| KEVIN SHANAHAN | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| MICHAEL ALPERT | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| PATRICIA RIVARD GARDNER | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | TREASURER | 1.00 | $0 | $0 | $0 |
| DAVIS LEE | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | SECRETARY | 1.00 | $0 | $0 | $0 |
| WALTER DAWSON | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RICHARD DONALDSON | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| GEORGE DUGGAN | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| HAE-YOUNG CHRISTINA JOO | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| VALERIE KING | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARY ANN KITROSSER | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| THOMAS VAUGHN | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOSEPH VECCHIONE | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RICHARD RUSSELL | ||||||||
| PO BOX 242 | LOWELL | MA | 01853 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SCHOLARSHIPS AND GRANTS PROVIDED TO UNIVERSITY STUDENTS | Description1Txt |
| Expenses1 | $41,000 | Expenses1Amt |
| Description2 | UNIVERSITY OF MASSACHUSETTS FOUNDATION FOR SCHOLARSHIPS TO BE PROVIDED TO UNIVERSITY STUDENTS | Description2Txt |
| Expenses2 | $150,000 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | GRANTS PAID | Description1Txt |
| Expenses1 | $41,000 | Expenses1Amt |
| Description2 | UNIVERSITY OF MASSACHUSETTS FOUNDATION TO BE USED FOR SCHOLARSHIPS | Description2Txt |
| Expenses2 | $150,000 | Expenses2Amt |
| All Other Program Rltd Invst Tot | $39,517 | AllOtherProgramRltdInvstTotAmt |
| Total | $230,517 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,265,950 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $127,799 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,393,749 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,393,749 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $50,906 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,342,843 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $167,142 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $285,995 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $230,517 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $125,000 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $641,512 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $167,142 | CurrentYearAmt |
| Year1 | $171,107 | Year1Amt |
| Year2 | $128,539 | Year2Amt |
| Year3 | $113,214 | Year3Amt |
| Total | $580,002 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $142,071 | CurrentYearAmt |
| Year1 | $145,441 | Year1Amt |
| Year2 | $109,258 | Year2Amt |
| Year3 | $96,232 | Year3Amt |
| Total | $493,002 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $641,512 | CurrentYearAmt |
| Year1 | $6,228,564 | Year1Amt |
| Year2 | $948,701 | Year2Amt |
| Year3 | $941,691 | Year3Amt |
| Total | $8,760,468 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $641,512 | CurrentYearAmt |
| Year1 | $6,228,564 | Year1Amt |
| Year2 | $948,701 | Year2Amt |
| Year3 | $941,691 | Year3Amt |
| Total | $8,760,468 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $111,428 | CurrentYearAmt |
| Year1 | $114,071 | Year1Amt |
| Year2 | $85,693 | Year2Amt |
| Year3 | $75,476 | Year3Amt |
| Total | $386,668 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PATRICIA RIVARD-GARDNER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 242 | AddressLine1Txt |
| City | LOWELL | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01853 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 9789346530 | RecipientPhoneNum |
| Recipient Email Address | PRGSALEM@AOL.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | APPLICATIONS ARE AVAILABLE ONLINE THROUGH THE UNIVERSITY OF MASSACHUSETTS LOWELL PORTAL. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THE APPLICATION DEADLINE FOR THE YEAR ENDED JUNE 30, 2023 WAS OCTOBER 13,2022. | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE SCHOLARSHIPS , GRANTS, OR AWARDS MUST BE USED TOWARDS TUITION, BOOKS FEES AND OTHER RELATED EDUCATIONAL EXPENSES AT THE UNIVERSITY OF MASSACHUSETTS LOWELL. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| UNIVERSITY OF MASSACHUSETTS FOUNDATION INC | ||||||
| 100 CARLSON AVENUE | NEWTON | MA | 02459 | NC | PROVIDE ANNUAL SCHOLARSHIPS TO UNIVERSITY STUDENTS | $150,000 |
| UNIVERSITY OF MASSACHUSETTS LOWELL | ||||||
| 1 UNIVERSITY DRIVE | LOWELL | MA | 01853 | NC | GRANTS FOR UMASS LOWELL PROGRAMS, ORGANIZATIONS, AND DEPARTMENTS | $41,000 |
| VARIOUS INDIVIDUALS | ||||||
| 1 UNIVERSITY DRIVE | LOWELL | MA | 01853 | I | PROVIDE ANNUAL SCHOLARSHIPS TO UNIVERSITY STUDENTS;ACCRUED IN PRIOR YEAR,PAID IN CURRENT YEAR | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $196,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Membership Dues And Assmnt MembershipDuesAndAssmntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $455 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $280,404 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $0 | ExclusionAmt |
| Related Or Exempt Function Incm | $280,859 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $280,859 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (3 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 1 | PAID GRANTS FOR CURRENT UNIVERSITY STUDENTS |
| 2 | PAID SCHOLARSHIPS FOR CURRENT UNIVERSITY STUDENTS |
| 3 | FEES PAID FOR MANAGEMENT OF ENDOWMENT; RETURNS FUND SCHOLARSHIPS |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $10,250 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $9,600 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT MANAGEMENT | Desc |
| Amt | $39,517 | Amt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY Book Value | $8,841,297 | EOYBookValueAmt |
| EOYFMV | $8,841,297 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $10,110 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $5,453 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MANAGEMENT FEES | $39,517 | $39,517 | $39,517 | $0 |
| OFFICE EXPENSE | $5,468 | $0 | $0 | $4,912 |
| MEETINGS | $2,284 | $0 | $0 | $2,284 |
| INSURANCE | $1,156 | $0 | $0 | $1,156 |
| ALUMNI RELATIONS | $189 | $0 | $0 | $189 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERSHIP DUES AND ASSESSMENTS | Desc |
| Revenue And Expenses Per Books | $455 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $455 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $423,179 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| FEDERAL EXCISE TAXES PAYABLE | $32,579 | $3,500 |
| ACCRUED PAYROLL | $0 | $1,313 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $5,147 | $0 | $0 | $6,512 |
| FOREIGN TAXES ON INVESTMENTS | $1,021 | $1,040 | $1,040 | $0 |
| FEDERAL EXCISE TAXES | $2,558 | $0 | $0 | $0 |
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