2022-06-16T10:16:59-05:00 2021-12-31 860683059 BEACHFLEISCHMAN PLLC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2021-01-01 472052113 LOWELL OBSERVATORY FOUNDATION LOWE 9287743358 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 DONNA WEISTROP BOARD CHAIRMAN 9287743358 2022-06-14 1 DONNA WEISTROP 999009999 MONICA A VERA CPA P01456278 5203214600 2022-06-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DONNA WEISTROP 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 2697684 0 X FOUNDATION.LOWELL.EDU X 2014 AZ TO SUSTAIN AND ENHANCE LOWELL OBSERVATORY'S MISSION BY GENERATING PERPETUAL FINANCIAL SUPPORT. 9 8 0 9 0 0 2312462 642974 0 0 -117727 430919 0 0 2194735 1073893 198195 354895 0 0 0 0 0 0 251392 59151 313073 257346 667968 1937389 405925 9679419 10878749 104054 35790 9575365 10842959 THE FOUNDATION WAS ESTABLISHED TO HELP DONORS ACHIEVE THEIR LONG-TERM ENDOWMENT GOALS AND MANAGE SHORT-TERM TARGETED DONATIONS TO LOWELL OBSERVATORY IN ORDER TO SUPPORT THE OBSERVATORY'S MISSION IN PERPETUITY. 0 0 354895 354895 THE LOWELL OBSERVATORY FOUNDATION (LOF) ACCEPTS GIFTS FOR ENDOWED FUNDS AND MANAGES THE FUNDS FOR THE SUPPORT OF THE OBSERVATORY'S GENERAL OPERATIONS AND THE GROWTH OF THE ENDOWED FUNDS. BECAUSE OF SEVERAL SIGNIFICANT GIFTS, INCLUDING $300,000 FOR THE GODO ENDOWMENT FUND AND $440,000 TO CREATE THE ROBERT M. AYERS EDUCATION FUND, COMBINED WITH A ROBUST STOCK MARKET, THE ENDOWMENTS ENDED 2021 WITH MORE THAN $10 MILLION IN ASSETS, A VERY IMPORTANT MILESTONE FOR THE ORGANIZATION'S FUTURE GROWTH GOAL. 354895 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X X ANNE LABRUZZO 9282333239 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 ANN T ACTOR EXECUTIVE DIRECTOR 2.00 38.00 X 0 156233 16913 ANNE LABRUZZO CHIEF FINANCIAL OFFICER 2.00 38.00 X 0 148969 17578 W LOWELL PUTNAM TRUSTEE 2.00 32.00 X 0 279 8679 STEPHEN W BROWN TRUSTEE 2.00 X 0 0 0 DAVID D CHASE TRUSTEE 2.00 X 0 0 0 VIRGINIA G GIOVALE TRUSTEE 2.00 X 0 0 0 MARJORIE MCCLANAHAN TRUSTEE 2.00 X 0 0 0 JOHN MENKE TRUSTEE 2.00 X 0 0 0 TERI KELLEY TRUSTEE 2.00 X 0 0 0 DONNA WEISTROP BOARD CHAIR 2.00 X X 0 0 0 JOHN RADWAY BOARD VICE-CHAIR THRU FEB 2021 2.00 X X 0 0 0 GEORGE PUTNAM III BOARD VICE-CHAIR AS OF MARCH 2021 2.00 X X 0 0 0 0 305481 43170 0 0 1 0 0 539611 103363 10196 642974 172317 172317 1882393 1623791 258602 258602 258602 1073893 0 0 430919 354895 354895 7100 7100 51855 51855 57 57 2669 2669 BAD DEBT EXPENSE 241143 241143 LICENSES AND FEES 10249 10249 667968 354895 61681 251392 180289 117284 740333 1155007 549803 99189 8208994 9507269 9679419 10878749 104054 35790 104054 35790 X 2046942 2341587 7528423 8501372 9575365 10842959 9679419 10878749 405925 861669 0 X 0 1 X 1 0 X X 1 LOWELL OBSERVATORY 860098918 7 1 354895 0 1 354895 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8732599 866064 1221110 259809 51855 10508109 5912722 2278596 760521 175186 44054 8732599 5064600 65031 983515 163237 37187 5912722 5118816 467872 -319708 166105 36275 5064600 3288078 1476056 466533 82526 29325 5118816 0.22080 0.77920 0.00000 0 0 0 DUE TO RELATED PARTY 35790 35790 X PART V, LINE 4: A MAJORITY OF THE ENDOWMENT FUNDS ARE HELD IN PERPETUITY FOR THE BENEFIT OF LOWELL OBSERVATORY. PART X, LINE 2: THE FOLLOWING DISCLOSURE IS RELATED TO THE COMBINED FINANCIAL STATEMENTS OF THE LOWELL OBSERVATORY, TRUST U/W OF PERCIVAL LOWELL, AND THE LOWELL OBSERVATORY FOUNDATION: THE OBSERVATORY, THE FOUNDATION, AND THE TRUST ARE EXEMPT FROM INCOME TAXES UNDER BOTH INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND ARIZONA INCOME TAX LAWS. THE OBSERVATORY IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(1). THE FOUNDATION AND THE TRUST ARE EACH CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(3) AS A SUPPORTING ORGANIZATION OF THE OBSERVATORY. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, HOWEVER, MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME (UBTI). FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO PENALTIES AND INTEREST ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH ARE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES IF THEY OCCUR. 0 LOWELL OBSERVATORY 1400 W MARS HILL ROAD FLAGSTAFF AZ 86001 860098918 501(C)(3) 354895 0 OPERATIONAL SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION EXISTS WITH THE SOLE PURPOSE OF SUPPORTING LOWELL OBSERVATORY, THEREFORE SELECTION CRITERIA AND ELIGIBILITY REQUIREMENTS ARE NOT APPLICABLE. SUBSTANTIATION FOR THE AMOUNTS OF GRANTS ARE KEPT WITHIN LOWELL'S INTERNAL ACCOUNTING DEPARTMENT. 0 0 0 0 0 0 0 0 0 ANN T ACTOR EXECUTIVE DIRECTOR 0 156233 0 0 0 0 0 7875 0 9038 0 173146 0 0 ANNE LABRUZZO CHIEF FINANCIAL OFFICER 0 148969 0 0 0 0 0 7825 0 9753 0 166547 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES WILL CONSIST OF A MINIMUM OF SEVEN MEMBERS AND UP TO A MAXIMUM OF FIFTEEN MEMBERS. ONE OF THE MEMBERS SHALL BE THE SOLE TRUSTEE OF THE LOWELL OBSERVATORY WHO SHALL ALWAYS BE A TRUSTEE OF THE FOUNDATION. THE REMAINING TRUSTEES MAKING UP THE FOUNDATION BOARD OF TRUSTEES HAVE ALL BEEN SELECTED BY NOMINATION OF THE EXECUTIVE COMMITTEE OF THE ADVISORY BOARD OF LOWELL OBSERVATORY AND APPROVED BY A MAJORITY VOTE OF THE ADVISORY BOARD OF LOWELL OBSERVATORY AT ITS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT WILL BE FIRST REVIEWED BY THE CHIEF FINANCIAL OFFICER (CFO) FOR THE OBSERVATORY FOR ACCURACY. ONCE IT HAS BEEN DEEMED ACCURATE BY THE CFO, IT WILL BE FORWARDED TO THE LOWELL OBSERVATORY AUDIT COMMITTEE AND THE FOUNDATION BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENTS. AFTER ANY QUESTIONS AND COMMENTS HAVE BEEN ADDRESSED, THE 990 WILL BE APPROVED AND A FINAL COPY WILL BE SIGNED BY THE BOARD CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 12C EACH OF THE FOUNDATION TRUSTEES CERTIFY IN WRITING ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE PROVISIONS OF THE FOUNDATION'S CONFLICTS OF INTEREST POLICY. A COPY OF THIS POLICY IS LOCATED AT: HTTPS://FOUNDATION.LOWELL.EDU/POLICIES/. THE FOUNDATION BELIEVES THAT THIS PROVIDES REASONABLE ADDITIONAL PROTECTION AGAINST PROHIBITED TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THESE DOCUMENTS WILL BE POSTED ON THE FOUNDATION WEBSITE AND THE FORM 990 WILL BE AVAILABLE ON CHARITY NAVIGATOR AND GUIDESTAR. LOWELL OBSERVATORY 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 860098918 ASTRONOMICAL RESEARCH AND EDUCATION AZ 501(C)(3) LINE 7 TRUST UW OF PERCIVAL LOWELL 0 PERCIVAL LOWELL TRUST UW 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 042007327 CHARITABLE TRUST F/B/O LOWELL OBSERVATORY AZ 501(C)(3) LINE 12B, II LOWELL OBSERVATORY 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0