INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC: Form 990PF, tax year 2020
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- Organization
- INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC (EIN 04-2052723)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2021-10-19
- IRS object ID
- 202112929349101611
- Schema version
- 2020v4.0
- 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
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-10-19T12:21:14-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263582184 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAIN BOURRET JARRY & CRESSMAN LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1175 MAMMOTH ROAD SUITE 2A | AddressLine1Txt |
| City | DRACUT | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01826 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | 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 | 2021-10-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | 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 |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN R BOURRET | PreparerPersonNm |
| PTIN | P00042047 | PTIN |
| Phone | 9789571421 | PhoneNum |
| Preparation | 2021-10-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $11,591,378 | 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 | $39,600 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $19 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $19 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $19 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $289,844 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $289,844 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $289,844 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $116,178 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $322,657 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | $6,380 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $6,380 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $452,021 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $289,863 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $296,243 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $44,690 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $44,690 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $3,620 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $3,620 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $43,566 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $8,292 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,292 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $43,567 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $1,779 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $1,779 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $57 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $217,290 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $216,087 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $319,294 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $318,035 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $160,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $319,294 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $478,035 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $132,727 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $289,863 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $296,243 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $36,288 | CashBOYAmt |
| Cash EOY | $5,853 | CashEOYAmt |
| Cash EOYFMV | $5,853 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $278,874 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $397,223 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $397,223 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $11,996 | PrepaidExpensesBOYAmt |
| Corporate Stock BOY | $8,782,260 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,188,089 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,188,089 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $29,231 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,018 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $270 | LandBOYAmt |
| Land EOY | $213 | LandEOYAmt |
| Land EOYFMV | $213 | LandEOYFMVAmt |
| Total Assets BOY | $9,109,688 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,591,378 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $11,591,378 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $6,741 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $6,889 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $6,741 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,889 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $2,151,861 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,082,207 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $6,951,086 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $8,502,282 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $9,102,947 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $11,584,489 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $9,109,688 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,591,378 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $9,102,947 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $132,727 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,348,815 | OtherIncreasesAmt |
| Subtotal | $11,584,489 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $11,584,489 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,029 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,029 | SubtotalAmt |
| Tax Based On Investment Income | $4,029 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,295 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $5,295 | TotalPaymentsAndCreditsAmt |
| Overpayment | $1,266 | OverpaymentAmt |
| Applied To ES Tax | $1,266 | AppliedToESTaxAmt |
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 |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| 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 | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 (18 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 |
|---|---|---|---|---|---|---|---|---|
| KEVIN D SHANAHAN | ||||||||
| 49 TURTLE HILL ROAD | DRACUT | MA | 01826 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| MICHAEL ALPERT | ||||||||
| 94 COUNTRY PLACE | CORDOVA | TN | 38018 | VICE PRESIDE | 1.00 | $0 | $0 | $0 |
| GEORGE L DUGGAN | ||||||||
| 15 RIVIERA ROAD | HUDSON | NH | 03051 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| WALTER F DAWSON | ||||||||
| 33 SPIT BROOK ROAD 24 | NASHUA | NH | 03060 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| THOMAS O'DONNELL | ||||||||
| 32 GLADDING ROAD | CALDWELL | NJ | 07006 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DRUCILLA FITZGERALD | ||||||||
| 29 TYLER STREET | SALEM | NH | 03079 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| PATRICIA RIVARD-GARDNER | ||||||||
| 86 BLUFF STREET | SALEM | NH | 03079 | TREASURER | 1.00 | $0 | $0 | $0 |
| MARY GAIL JAGGERS | ||||||||
| 5 COOLIDGE DRIVE | TYNGSBORO | MA | 01879 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| THOMAS VAUGHN | ||||||||
| 28 RANLETT LANE | BILLERICA | MA | 01821 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JAMES SWARTZ | ||||||||
| 220 MAHAFFY ROAD | GREENWICH | NY | 12834 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RICHARD RUSSELL | ||||||||
| 9722 VIA ELEGANTE | WELLINGTON | FL | 33411 | PAST PRESIDE | 1.00 | $0 | $0 | $0 |
| RICHARD DONALDSON | ||||||||
| 34 FREEMAN ROAD | CHELMSFORD | MA | 01824 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| VALERIE KING | ||||||||
| 6 DRIFTWOOD DRIVE | CHELMSFORD | MA | 01824 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOSEPH VECCHIONE | ||||||||
| 4 BRISSETTE AVENUE | NEWBURYPORT | MA | 01950 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARGARET SHANAHAN | ||||||||
| 11 SUBWAY AVENUE | CHELMSFORD | MA | 01826 | EXECUTIVE DI | 20.00 | $44,690 | $0 | $0 |
| HAE-YOUNG CHRISTINA YOO | ||||||||
| 11 CORAL STREET | LOWELL | MA | 01851 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MARY ANN KITROSSER | ||||||||
| 788 LOWELL ROAD | CARLISLE | MA | 01741 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DAVIS LE | ||||||||
| 52 MORRIS STREET | MALDEN | MA | 02148 | SECRETARY | 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 | SCHOLARSHIPS AND GRANTS PROVIDED TO UNIVERSITY OF MASSACHUSETTS LOWELL STUDENTS. | Description1Txt |
| Expenses1 | $160,000 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SCHOLARSHIPS PAID | Description1Txt |
| Expenses1 | $160,000 | Expenses1Amt |
| Description2 | INVESTMENT MANAGEMENT | Description2Txt |
| Expenses2 | $47,171 | Expenses2Amt |
| Total | $207,171 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,584,583 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $25,139 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $213 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,609,935 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $2,609,935 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $39,149 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,570,786 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $128,539 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $478,035 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $207,171 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $263,495 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $948,701 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $948,701 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $948,701 | QualifyingDistributionsAmt |
| Remaining Distri From Corpus | $948,701 | RemainingDistriFromCorpusAmt |
| Total Corpus | $948,701 | 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 | $128,539 | CurrentYearAmt |
| Year1 | $113,214 | Year1Amt |
| Year2 | $115,109 | Year2Amt |
| Year3 | $120,425 | Year3Amt |
| Total | $477,287 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $109,258 | CurrentYearAmt |
| Year1 | $96,232 | Year1Amt |
| Year2 | $97,843 | Year2Amt |
| Year3 | $102,361 | Year3Amt |
| Total | $405,694 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $948,701 | CurrentYearAmt |
| Year1 | $941,691 | Year1Amt |
| Year2 | $818,218 | Year2Amt |
| Year3 | $1,137,635 | Year3Amt |
| Total | $3,846,245 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $948,701 | CurrentYearAmt |
| Year1 | $941,691 | Year1Amt |
| Year2 | $818,218 | Year2Amt |
| Year3 | $1,137,635 | Year3Amt |
| Total | $3,846,245 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $85,693 | CurrentYearAmt |
| Year1 | $75,476 | Year1Amt |
| Year2 | $76,739 | Year2Amt |
| Year3 | $80,283 | Year3Amt |
| Total | $318,191 | 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 AT THE INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION OFFICE LOCATED AT 84 UNIVERSITY AVENUE, LOWELL, MASSACHUSETTS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | SUBMISSION DEADLINE FOR FISCAL YEAR ENDING 6/30/2021 WAS 11/7/2020 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHED STATEMENT | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | AVAILABLE UPON REQUEST | AddressLine1Txt |
| City | LOWELL | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | SCHOLARSHIPS AND GRANTS | GrantOrContributionPurposeTxt |
| Amt | $160,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $160,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Membership Dues And Assmnt MembershipDuesAndAssmntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $6,380 | RelatedOrExemptFunctionIncmAmt |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $19 | RelatedOrExemptFunctionIncmAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $289,844 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $116,178 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $412,421 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $412,421 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (5 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 2 | PARTCIPATION IN ALUMNI ACTIVTIES |
| 3 | RAISES FUNDS FOR OPERATIONS |
| 4 | RAISES FUNDS FOR SCHOLARSHIPS |
| 8 | RAISES FUNDS FOR SCHOLARSHIPS |
| 11B | RAISES FUNDS FOR OPERATIONS |
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) |
|---|---|---|
| Amt | $8,292 | Amt |
| Disbursements Charitable Prps | $43,567 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (26 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|---|
| OFFICE FURNISHINGS | 1978-12-15 | $390 | $390 | S/L | 10.0000 | |
| 2 LEGAL FILE CABINETS | 1979-02-15 | $1,101 | $1,101 | S/L | 10.0000 | |
| OFFICE FURNISHINGS | 1980-03-22 | $375 | $375 | S/L | 10.0000 | |
| FOLDING MACHINE | 1980-05-30 | $941 | $941 | S/L | 10.0000 | |
| 2 STENO CHAIRS | 1983-08-08 | $178 | $178 | S/L | 10.0000 | |
| 1 PRINTER STAND/CONNECTOR | 1985-09-30 | $187 | $187 | S/L | 7.0000 | |
| 1 REFRIGERATOR | 1987-03-02 | $150 | $150 | 200DB | 7.0000 | |
| 1 5 SHELF OAK BOOKCASE | 1989-05-22 | $213 | $213 | 200DB | 7.0000 | |
| CARRIER AIR CONDITIONER | 1988-07-22 | $500 | $500 | S/L | 7.0000 | |
| COMPUTER DESK AND HUTCH | 1990-05-07 | $421 | $421 | 200DB | 7.0000 | |
| 2 DRAWER FILE CABINET | 1990-05-07 | $75 | $75 | 200DB | 7.0000 | |
| U MASS LOWELL ARM CHAIR (DISPLAY) | 1992-04-01 | $156 | $156 | 200DB | 7.0000 | |
| OFFICE TELEPHONE | 1993-12-21 | $127 | $127 | 200DB | 7.0000 | |
| CARPETING - BLUE HILL 30 OZ | 1994-04-14 | $1,760 | $1,490 | S/L | 31.0000 | $57 |
| SEAL ONLY MACHINE/MODEL 5621 | 1980-09-26 | $2,520 | $2,520 | S/L | 10.0000 | |
| AMANA AIR CONDITIONER | 1995-05-31 | $680 | $680 | 200DB | 5.0000 | |
| OFFICE FURN, TABLE, BOOKCASES, SHELVES, | 1994-12-20 | $6,443 | $6,443 | 200DB | 7.0000 | |
| MICROWAVE OVEN | 1997-06-24 | $140 | $140 | 200DB | 5.0000 | |
| LASER PRINTER | 1997-09-02 | $385 | $385 | 200DB | 5.0000 | |
| SAVIN COPIER | 2002-06-29 | $6,740 | $6,740 | 200DB | 7.0000 | |
| CONFERENCE CALL EQUIPMENT | 2002-04-29 | $605 | $605 | 200DB | 5.0000 | |
| PANAFAX UF790 FACSIMILE | 2002-04-07 | $995 | $995 | 200DB | 7.0000 | |
| SYLVANIA TV/VCR COMBO | 2004-03-15 | $120 | $120 | 200DB | 5.0000 | |
| DELL COMPUTER | 2005-01-19 | $1,759 | $1,759 | 200DB | 5.0000 | |
| COMPUTER | 2010-04-20 | $951 | $951 | 200DB | 5.0000 | |
| HP COMPUTER | 2011-07-20 | $1,319 | $1,319 | 200DB | 5.0000 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Asset | MORGAN STANLEY | AssetDesc |
| How Acquired | PURCHASE | HowAcquiredTxt |
| Gross Sales Price | $322,657 | GrossSalesPriceAmt |
| Basis | $206,479 | BasisAmt |
| Total Net | $116,178 | TotalNetAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MORGAN STANLEY-CORPORATE EQUITIES | StockNm |
| EOY Book Value | $11,188,089 | EOYBookValueAmt |
| EOYFMV | $11,188,089 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cost Or Other Basis | $29,231 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $29,018 | AccumulatedDepreciationAmt |
| Book Value | $213 | BookValueAmt |
| EOYFMV | $213 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legal Fees | $43,566 | LegalFeesAmt |
| Disbursements Charitable Prps | $8,292 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (13 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| MANAGEMENT FEES - TRUST | $47,171 | $47,171 |
| INSURANCE | $858 | $842 |
| ANNUAL REPORT | $143 | $140 |
| MISCELLANEOUS | $3,636 | $3,563 |
| PAYROLL FEES | $2,199 | $2,155 |
| UNIV ACTIVITIES | $1,000 | $980 |
| PUBLIC RELATIONS | $1,031 | |
| OFFICE SUPPLIES AND EXPENSE | $431 | $422 |
| POSTAGE | $373 | $366 |
| SCHOLARSHIPS AND GRANTS | $160,000 | $160,000 |
| ALUMNI RELATIONS | $278 | $278 |
| BOARD MTGS | $170 | $170 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenue And Expenses Per Books | $6,380 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $6,380 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $2,348,815 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES ON INVESTMENTS | CategoryTxt |
| Amt | $1,779 | Amt |
| Disbursements Charitable Prps | $1,779 | DisbursementsCharitablePrpsAmt |
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