2019-08-02T18:46:21-05:00 2018-12-31 860683059 BEACHFLEISCHMAN PC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2018-01-01 472052113 LOWELL OBSERVATORY FOUNDATION LOWE 9287743358 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 W DAVID CONNELL BOARD CHAIRMAN 9287743358 2019-08-02 1 MONICA A VERA CPA P01456278 5203214600 2019-08-02 64.128.200.66 2019-08-02 13:05:30 US P 100786DC4CA6AC734CEB2D953EA696EF9CD62243 8D176FDB9A9846D98182556421F389029B96F31F 2018 2019-02-21 02:37:17Z W DAVID CONNELL 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 3716414 0 X HTTPS://FOUNDATION.LOWELL.EDU/ X 2014 AZ TO SUSTAIN AND ENHANCE LOWELL OBSERVATORY'S MISSION OF RESEARCH AND EDUCATION 7 6 0 6 0 0 1508622 1234620 0 0 180219 120395 0 0 1688841 1355015 94026 171529 0 0 0 0 0 0 9472 29393 52016 123419 223545 1565422 1131470 5339642 6023503 0 0 5339642 6023503 X TO SUSTAIN AND ENHANCE LOWELL OBSERVATORY'S MISSION OF RESEARCH AND EDUCATION BY GENERATING PERPETUAL FINANCIAL SUPPORT. 0 0 171529 171529 LOWELL OBSERVATORY FOUNDATION MANAGES THE ENDOWMENT FUNDS FOR LOWELL OBSERVATORY. IN 2018, THE FOUNDATION TRANSFERRED $112,000 OF INVESTMENT EARNINGS TO THE OBSERVATORY IN ORDER TO SUPPORT GENERAL OPERATIONS. IN 2018 THE FOUNDATION ESTABLISHED FOUR NEW ENDOWMENTS. THEY RECEIVED A $99,000 DONATION TO CREATE A NEW ENDOWMENT TO SUPPORT INTERNSHIPS, UNDERGRADUATE AND GRADUATE STUDENT RESEARCH PROJECTS, AND PRE AND POST DOCTORAL FELLOWSHIPS WHO ARE NON-TENURED OR NOT PERMANENTLY SALARIED. ALSO, THEY RECEIVED A $25,000 DONATION TO CREATE A NEW ENDOWMENT WHICH SUPPORTS THE PRESERVATION OF LOWELL OBSERVATORY'S RICH COLLECTION OF HISTORIC PAPERS, CORRESPONDENCE, RESEARCH MATERIALS, AND INSTRUMENTS THROUGH THE EFFORTS OF THE PUTNAM COLLECTION CENTER STAFF AND VOLUNTEERS. ALONG WITH THESE TWO NEW ENDOWMENTS, THE CURRENT EXPLORATION FUND ENDOWMENT RECEIVED AN ADDITIONAL $157,000 IN DONATIONS TO SUPPORT RESEARCH AND RESEARCHERS AT LOWELL OBSERVATORY, THE CURRENT INSTRUMENTATION FUND ENDOWMENT RECEIVED $92,000 IN DONATIONS TO SUPPORT THE ACQUISITION, DEVELOPMENT, MAINTENANCE OF AND ACCESS TO TECHNOLOGIES, INSTRUMENTS, AND TELESCOPES LOCATED WITHIN THE OBSERVATORY'S FACILITIES OR ELSEWHERE IN PERPETUITY AND THE CURRENT MARCUS COMETARY RESEARCH ENDOWMENT FUND RECEIVED $92,000 IN CONTRIBUTIONS THAT SUPPORT RESEARCH ON COMETS. 171529 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 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 7 6 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X X ANNE LABRUZZO 9282333239 1400 MARS HILL ROAD FLAGSTAFF AZ 860014470 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 W LOWELL PUTNAM TRUSTEE 2.00 32.00 X 0 65 8570 DONNA WEISTROP TRUSTEE 2.00 X 0 0 0 W DAVID CONNELL BOARD CHAIR 2.00 X X 0 0 0 JOHN A RADWAY JR BOARD VICE-CHAIR 2.00 X X 0 0 0 ANNE T ACTOR EXECUTIVE DIRECTOR 2.00 38.00 X 0 142931 15841 ANNE LABRUZZO DEPUTY DIRECTOR FOR ADMINISTRATION 2.00 38.00 X 0 107937 15278 0 250933 39689 0 0 1 0 0 170998 1063622 730000 1234620 100707 100707 2381087 2361399 19688 19688 19688 1355015 0 0 120395 171529 171529 305 305 4800 4800 36275 36275 472 472 60 60 5000 5000 1104 1104 LICENSES AND FEES 4000 4000 223545 171529 42544 9472 42339 59957 2560981 2245355 60000 1700 748546 0 748546 2675322 2967945 1000 0 5339642 6023503 0 0 X 6341 805203 419397 153700 4913904 5064600 5339642 6023503 5339642 6023503 1131470 -447609 0 X 0 1 X 0 0 X X 1 LOWELL OBSERVATORY 860098918 7 1 171529 0 1 171529 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5118816 467872 -319708 166105 36275 5064600 3288078 1476056 466533 82526 29325 5118816 2075218 1254991 181391 109006 94516 20000 3288078 2282857 -207639 2075218 0.00000 1.00000 0.00000 0 0 748546 748546 748546 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 RD FLAGSTAFF AZ 86001 860098918 501(C)(3) 111529 60000 BOOK VALUE DONOR'S PLEDGE RECEIVABLE ENDOWMENT EARNINGS/GENERAL SUPPORT 1 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 ANNE T ACTOR EXECUTIVE DIRECTOR 0 142931 0 0 0 0 0 7275 0 8566 0 158772 0 0 X 1 730000 INDEPENDENT APPRAISAL 0 1 1 PART I, LINE 32B: THE FOUNDATION HIRED AN ATTORNEY TO COMPLETE DUE DILIGENCE AND PROCESS THE TRANSFER OF REAL ESTATE PROPERTY THAT WAS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 4 THE TRUST AGREEMENT WAS AMENDED ON JUNE 9TH, 2018 TO INCREASE THE MAXIMUM NUMBER OF MEMBERS OF THE BOARD OF TRUSTEES FROM SEVEN MEMBERS TO FIFTEEN MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CURRENTLY, THE BOARD OF TRUSTEES CONSISTS OF SEVEN INDIVIDUALS. ONE OF THE INDIVIDUALS SHALL BE THE SOLE TRUSTEE OF THE LOWELL OBSERVATORY WHO SHALL ALWAYS BE A TRUSTEE OF THE FOUNDATION. FOR THE INITIAL TERM OF THE REMAINING SIX INDIVIDUALS, TWO OF THESE INDIVIDUALS WILL BE SELECTED FOR A THREE YEAR TERM, TWO FOR A TWO YEAR TERM, AND TWO FOR A ONE YEAR TERM. THESE REMAINING SIX MEMBERS OF THE BOARD OF TRUSTEES WILL BE SELECTED BY THE SOLE TRUSTEE AND THE EXECUTIVE COMMITTEE OF THE ADVISORY BOARD OF THE LOWELL OBSERVATORY. AT THE END OF THE TERMS OF THE INITIAL MEMBERS OF THE BOARD OF TRUSTEES, NEW SUCCESSOR TRUSTEES WILL BE SELECTED FOR THREE YEAR TERMS. THE TRUST AGREEMENT WAS AMENDED ON JUNE 9, 2018 TO INCREASE THE MAXIMUM NUMBER OF MEMBERS OF THE BOARD OF TRUSTEES FROM SEVEN MEMBERS TO FIFTEEN MEMBERS. ANY NEW SUCCESSOR TRUSTEES WILL BE SELECTED BY NOMINATION OF THE EXECUTIVE COMMITTEE OF THE ADVISORY BOARD OF THE LOWELL OBSERVATORY AND SUBJECT TO THE APPROVAL OF A MAJORITY VOTE BY THE ADVISORY BOARD OF THE LOWELL OBSERVATORY PRESENT AT ITS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT WILL BE FIRST REVIEWED BY THE DEPUTY DIRECTOR FOR ADMINISTRATION (DDA) FOR THE OBSERVATORY FOR ACCURACY. ONCE IT HAS BEEN DEEMED ACCURATE BY THE DDA 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 IT 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. 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 0 1 0 0 0 0 LOWELL OBSERVATORY B 171529 CASH VALUE LOWELL OBSERVATORY C 170998 CASH VALUE