INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC (EIN 04-2052723)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-14
- IRS object ID
- 202541349349104579
- Schema version
- 2023v6.0
- 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
- Investments Corp Stock Schedule
- Land Etc Schedule2
- 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 | 2025-05-14T16:42:09-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042917204 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANSTISS & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 OMNI WAY STE 201 | AddressLine1Txt |
| City | CHELMSFORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 018244187 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | 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 SHANAHAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9789346530 | PhoneNum |
| Signature | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RAYMOND L ANSTISS JR | PreparerPersonNm |
| PTIN | P00142883 | PTIN |
| Phone | 9784522500 | PhoneNum |
| Preparation | 2025-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,372,817 | 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 | $3,177 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $280,246 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $280,246 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $280,246 | DividendsAdjNetIncmAmt |
| Other Income Rev And Expnss | $1,925 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $1,925 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $285,348 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $280,246 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $282,171 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $52,880 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $51,519 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,581 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,581 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $1,717 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $1,368 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $11,232 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $15,890 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $3,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $11,200 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $9,357 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,037 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,037 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $13,133 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $24,664 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,976 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $15,976 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,794 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $105,031 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $17,013 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $17,013 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $103,485 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,286,443 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,286,443 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,391,474 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $17,013 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $17,013 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,389,928 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,106,126 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $263,233 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $265,158 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $42,522 | CashBOYAmt |
| Cash EOY | $45,989 | CashEOYAmt |
| Cash EOYFMV | $45,989 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $237,178 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $223,651 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $223,651 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $8,841,297 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,103,177 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,103,177 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,319 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,319 | LandBldgEquipAccumDeprecAmt |
| Total Assets BOY | $9,120,997 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,372,817 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,372,817 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $12,364 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $349 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $4,813 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,361 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $17,177 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,710 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,424,891 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,556,283 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $5,678,929 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $2,814,824 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,103,820 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,371,107 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,120,997 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,372,817 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,103,820 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,106,126 | ExcessRevenueOverExpensesAmt |
| Other Increases | $373,413 | OtherIncreasesAmt |
| Subtotal | $6,371,107 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $6,371,107 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,659 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,659 | SubtotalAmt |
| Tax Based On Investment Income | $3,659 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,600 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $3,600 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $51 | EsPenaltyAmt |
| Tax Due | $110 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MARGARET SHANAHAN | IndividualWithBooksNm |
| 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 | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | 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 DI | 40.00 | $52,880 | $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 PRESIDE | 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 |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | DONATION TO UNIVERSITY OF MASSACHUSETTS FOUNDATION ENDOWMENT FOR INVESTMENT PROCEEDS TO BE USED FOR SCHOLARSHIPS TO UNIVERSITY STUDENTS | Description1Txt |
| Expenses1 | $3,118,293 | Expenses1Amt |
| Description2 | UNIVERSITY OF MASSACHUSETTS FOUNDATION FOR SCHOLARSHIPS TO BE PROVIDED TO UNIVERSITY STUDENTS | Description2Txt |
| Expenses2 | $150,000 | Expenses2Amt |
| Description3 | GRANTS PROVIDED TO UNIVERSITY STUDENTS | Description3Txt |
| Expenses3 | $18,150 | Expenses3Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,053,070 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $81,196 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,134,266 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $3,134,266 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $47,014 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,087,252 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $154,363 | 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 | $3,389,928 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,389,928 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $3,389,928 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $3,389,928 | RemainingDistriFromCorpusAmt |
| Total Corpus | $3,389,928 | TotalCorpusAmt |
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 | $154,363 | CurrentYearAmt |
| Year1 | $167,142 | Year1Amt |
| Year2 | $171,107 | Year2Amt |
| Year3 | $128,539 | Year3Amt |
| Total | $621,151 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $131,209 | CurrentYearAmt |
| Year1 | $142,071 | Year1Amt |
| Year2 | $145,441 | Year2Amt |
| Year3 | $109,258 | Year3Amt |
| Total | $527,979 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,389,928 | CurrentYearAmt |
| Year1 | $641,512 | Year1Amt |
| Year2 | $6,228,564 | Year2Amt |
| Year3 | $948,701 | Year3Amt |
| Total | $11,208,705 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $3,389,928 | CurrentYearAmt |
| Year1 | $641,512 | Year1Amt |
| Year2 | $6,228,564 | Year2Amt |
| Year3 | $948,701 | Year3Amt |
| Total | $11,208,705 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $102,909 | CurrentYearAmt |
| Year1 | $111,428 | Year1Amt |
| Year2 | $114,071 | Year2Amt |
| Year3 | $85,693 | Year3Amt |
| Total | $414,101 | 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, 2024 WAS OCTOBER 15, 2023. | 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)
| Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | 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 | NEWTOWN | MA | 02459 | NC | ANNUAL SCHOLARSHIPS FOR STUDENTS | $150,000 |
| UNIVERSITY OF MASSACHUSETTS LOWELL | |||||||
| 1 UNIVERSITY DRIVE | LOWELL | MA | 01853 | NC | GRANTS FOR UMASS LOWELL PROGRAMS | $18,150 | |
| UNIVERSITY OF MASSACHUSETTS LOWELL | |||||||
| 1 UNIVERSITY DRIVE | LOWELL | MA | 01853 | NC | FUNDS FOR STUDENT SCHOLARSHIPS | $3,118,293 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,286,443 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Membership Dues And Assmnt MembershipDuesAndAssmntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,925 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $280,246 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $282,171 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $282,171 | 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 |
|---|---|
| 1A | PAID GRANTS FOR CURRENT UNIVERSITY STUDENTS |
| 2 | PAID SCHOLARSHIPS FOR CURRENT UNIVERSITY STUDENTS |
| 3 | ENDOWMENT MANAGEMENT FEES; RETURNS FUND SCHOLARSHIPS |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $3,600 | Amt |
| Disbursements Charitable Prps | $11,200 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | INVESTMENTS | StockNm |
| EOY Book Value | $6,103,177 | EOYBookValueAmt |
| EOYFMV | $6,103,177 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LEASEHOLD IMPROVEMENTS | CategoryOrItemTxt |
| Cost Or Other Basis | $1,319 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $1,319 | AccumulatedDepreciationAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $11,232 | LegalFeesAmt |
| Disbursements Charitable Prps | $15,890 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EXPENSES | ||||
| MANAGEMENT FEES | $15,967 | $15,967 | $15,967 | |
| OFFICE EXPENSES | $5,643 | $5,749 | ||
| MEETINGS | $554 | $554 | ||
| INSURANCE | $2,021 | $2,021 | ||
| ALUMNI RELATIONS | $470 | $470 | ||
| BANK FEES | $9 | $9 | $9 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERSHIP DUES | Desc |
| Revenue And Expenses Per Books | $1,925 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $1,925 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $373,413 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| FEDERAL EXCISE TAXES PAYABLE | $3,500 | |
| ACCRUED PAYROLL | $1,313 | $1,361 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | $3,534 | $7,034 | ||
| PAYROLL TAXES | $4,786 | $6,099 | ||
| FOREIGN TAXES ON INVESTMENTS | $1,037 | $1,037 | $1,037 |
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