INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC (EIN 04-2052723)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2014-10-23
- IRS object ID
- 201412969349300046
- Schema version
- 2013v3.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-10-23T15:31:37-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | 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 & ASSOCIATES LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1595 LAKEVIEW AVENUE | AddressLine1 |
| City | DRACUT | City |
| State | MA | State |
| ZIP Code | 01826 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | 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 | BusinessNameLine1 |
| Business Name Line2 | ASSOCIATION AT LOWELL | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INDE | BusinessNameControlTxt |
| Phone | 9784546335 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 242 | AddressLine1 |
| City | LOWELL | City |
| State | MA | State |
| ZIP Code | 01853 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD H DONALDSON | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9784546335 | PhoneNum |
| Signature | 2014-10-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN R BOURRET | PreparerPersonNm |
| PTIN | P00042047 | PTIN |
| Phone | 9789571421 | PhoneNum |
| Preparation | 2014-10-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARY ANN KITROSSER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 788 LOWELL ROAD | AddressLine1 |
| City | CARLISLE | City |
| State | MA | State |
| ZIP Code | 01741 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $369,831 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IUAAL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1947 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE ALUMNI ASSOCATION WAS ESTABLISHED TO BENEFIT THE STATE UNIVERSITY AND ASSIST THE UNIVERSITY IN MAINTAINING COMMUNICATION WITH FORMER ALUMNI AND THE STUDENT BODY. THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE COLLEGE SCHOLARSHIPS AND GRANTS TO WORTHY AND NEEDY STUDENTS. THE ASSOCIATION IS ALSO ENTRUSTED WITH THE MANAGEMENT OF ALUMNI'S ENDOWMENT FUNDS, WHICH HAVE BEEN CONTRIBUTED BY FORMER UNIVERSITY ALUMNI TO ASSIST IN THESE ONGOING EFFORTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $21,667 | PYContributionsGrantsAmt |
| CY Contributions Grants | $26,150 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $221,997 | PYInvestmentIncomeAmt |
| CY Investment Income | $237,441 | CYInvestmentIncomeAmt |
| PY Other Revenue | $64,197 | PYOtherRevenueAmt |
| CY Other Revenue | $68,153 | CYOtherRevenueAmt |
| PY Total Revenue | $307,861 | PYTotalRevenueAmt |
| CY Total Revenue | $331,744 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $109,050 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $130,815 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $54,066 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $57,372 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,783 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $76,379 | PYOtherExpensesAmt |
| CY Other Expenses | $85,948 | CYOtherExpensesAmt |
| PY Total Expenses | $239,495 | PYTotalExpensesAmt |
| CY Total Expenses | $274,135 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $68,366 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $57,609 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,730,820 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,332,486 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,909 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,590 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,718,911 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $8,320,896 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ALUMNI ASSOCATION WAS ESTABLISHED TO BENEFIT THE STATE UNIVERSITY AND ASSIST THE UNIVERSITY IN MAINTAINING COMMUNICATION WITH FORMER ALUMNI AND THE STUDENT BODY. THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE COLLEGE SCHOLARSHIPS AND GRANTS TO WORTHY AND NEEDY STUDENTS. THE ASSOCIATION IS ALSO ENTRUSTED WITH THE MANAGEMENT OF ALUMNI'S ENDOWMENT FUNDS, WHICH HAVE BEEN CONTRIBUTED BY FORMER UNIVERSITY ALUMNI TO ASSIST IN THESE ONGOING EFFORTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $130,815 | ExpenseAmt |
| Grant | $18,565 | GrantAmt |
| Revenue | $237,441 | RevenueAmt |
| Desc | PROVIDING SCHOLARSHIPS TO INDIVIDUALS ATTENDING THE UNIVERSITY OF MASSACHUSETTS LOWELL WHO OTHERWISE MIGHT NOT HAVE THE FINANCIAL MEANS TO ATTEND COLLEGE. APPROXIMATELY 74 SCHOLARSHIPS AND AWARDS WERE DISBURSED WHILE ALSO PROVIDING 9 GRANTS TO THE UNIVERSITY'S COLLEGE OF MANAGEMENT, ENGINEERING, MUSIC AND PSYCHOLOGY DEPARTMENTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $122,571 | ExpenseAmt |
| Revenue | $94,303 | RevenueAmt |
| Desc | THESE EXPENSES HELP THE ALUMNI ASSOCIATION MAINTAIN STAFFING AND COMMUNICATIONS BETWEEN UNIVERSITY FACULTY, ALUMNI AND THE CURRENT STUDENT POPULATION. THE ALUMNI STAFF COMMUNICATES WITH ALUMNI THROUGH NEWSLETTERS AND MAILING, ALONG WITH CONDUCTING VARIOUS SOCIAL EVENTS. THE ASSOCIATION ALSO PROVIDES SHORT TERM LOANS TO STUDENTS IN NEED. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $253,386 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARIANTHE DABEKIS | PersonNm |
| Phone | 9784546335 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY AVENUE | AddressLine1 |
| City | LOWELL | City |
| State | MA | State |
| ZIP Code | 01854 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| MARY ANN KITROSSER | |||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 |
| RICHARD RUSSELL | |||||
| VICE PRESIDE | 2.00 | Yes (X) | $0 | $0 | $0 |
| THOMAS J VAUGHN | |||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 |
| RICHARD DONALDSON | |||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 |
| MICHAEL ALPERT | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| GEORGE L DUGGAN | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| JOHN T O'DONNELL | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| WALTER F DAWSON | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| ARTHUR P MILLER | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| THOMAS O'DONNELL | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| KEVIN D SHANAHAN | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| JOSEPH F DIXON | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| JAMES L SWARTZ | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| PATRICIA GARDNER | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| MARY GAIL JAGGERS | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| BERNARD SHAPIRO | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| JOHN M SHEEHAN | |||||
| NOMINATING C | 1.00 | Yes (X) | $0 | $0 | $0 |
| DRUCILLA FITZGERALD | |||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Membership Dues | $18,485 | MembershipDuesAmt |
| All Other Contributions | $7,665 | AllOtherContributionsAmt |
| Total Contributions | $26,150 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $208,827 | TotalRevenueColumnAmt |
| Exclusion | $208,827 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $66,701 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $38,087 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $28,614 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,614 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,614 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ALUMNI GROUP INS. ROYALTIES | $67,749 | $67,749 | |
| MISCELLANEOUS INCOME | $404 | $404 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $68,153 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $331,744 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,018 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $276,576 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,565 | TotalAmt |
| Program Services | $18,565 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,250 | TotalAmt |
| Program Services | $112,250 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,136 | TotalAmt |
| Program Services | $33,714 | ProgramServicesAmt |
| Management And General | $5,619 | ManagementAndGeneralAmt |
| Fundraising | $803 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,911 | TotalAmt |
| Program Services | $4,965 | ProgramServicesAmt |
| Management And General | $828 | ManagementAndGeneralAmt |
| Fundraising | $118 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,027 | TotalAmt |
| Program Services | $6,742 | ProgramServicesAmt |
| Management And General | $1,124 | ManagementAndGeneralAmt |
| Fundraising | $161 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,298 | TotalAmt |
| Program Services | $2,770 | ProgramServicesAmt |
| Management And General | $462 | ManagementAndGeneralAmt |
| Fundraising | $66 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,600 | TotalAmt |
| Program Services | $2,184 | ProgramServicesAmt |
| Management And General | $364 | ManagementAndGeneralAmt |
| Fundraising | $52 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,858 | TotalAmt |
| Program Services | $8,281 | ProgramServicesAmt |
| Management And General | $1,380 | ManagementAndGeneralAmt |
| Fundraising | $197 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161 | TotalAmt |
| Program Services | $152 | ProgramServicesAmt |
| Management And General | $8 | ManagementAndGeneralAmt |
| Fundraising | $1 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MANAGEMENT FEES - TRUST | $45,203 | $38,875 | $6,328 | |
| SCHOLARSHIP BANQUET | $7,142 | $7,142 | ||
| OFFICE SUPPLIES AND EXPEN | $5,284 | $4,438 | $740 | $106 |
| INSURANCE | $4,334 | $3,640 | $607 | $87 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,366 | TotalAmt |
| Program Services | $9,668 | ProgramServicesAmt |
| Management And General | $1,506 | ManagementAndGeneralAmt |
| Fundraising | $192 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $274,135 | TotalAmt |
| Program Services | $253,386 | ProgramServicesAmt |
| Management And General | $18,966 | ManagementAndGeneralAmt |
| Fundraising | $1,783 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,508 | BOYAmt |
| EOY | $140,159 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $206,675 | BOYAmt |
| EOY | $193,137 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,224 | BOYAmt |
| EOY | $1,264 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $29,231 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $28,530 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $862 | BOYAmt |
| EOY | $701 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,425,927 | BOYAmt |
| EOY | $7,996,601 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $624 | BOYAmt |
| EOY | $624 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,730,820 | BOYAmt |
| EOY | $8,332,486 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,285 | BOYAmt |
| EOY | $10,966 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $624 | BOYAmt |
| EOY | $624 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,909 | BOYAmt |
| EOY | $11,590 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,587,966 | BOYAmt |
| EOY | $1,982,272 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,900 | BOYAmt |
| EOY | $147,759 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,992,045 | BOYAmt |
| EOY | $6,190,865 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,718,911 | BOYAmt |
| EOY | $8,320,896 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,730,820 | BOYAmt |
| EOY | $8,332,486 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $57,609 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,544,376 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | false | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $54,049 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,501 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,688 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,667 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,665 | CurrentTaxYearAmt |
| Total | $131,570 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $54,049 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,501 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,688 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,667 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,665 | CurrentTaxYearAmt |
| Total | $131,570 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $131,570 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $150,581 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $161,036 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $174,282 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $195,047 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $208,827 | CurrentTaxYearAmt |
| Total | $889,773 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $77,612 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $51,515 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $57,390 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $63,210 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $67,749 | CurrentTaxYearAmt |
| Total | $317,476 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,338,819 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $404 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.09830 | PublicSupportCY170Pct |
| Public Support PY170 | 0.12270 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test PY | Yes (X) | TenPctFactsCrcmstncsTestPYInd |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 10 | ROYALTIES-USE OF MEMBERSHIP LIST 317,476 |
| PART II, LINE 17B | THE ORGANIZATION WAS ESTABLISHED IN 1947 TO SUPPORT THE OPERATIONS AND STUDENTS OF THE UNIVERSITY OF MASSACHUSETTS-LOWELL CAMPUS (FORMERLY LOWELL TECHNOLOGICAL INSTITUTE AND UNIVERSITY OF LOWELL). THE ORGANIZATION MANAGES ENDOWMENT FUNDS GENERALLY RECEIVED FROM FORMER FACULTY, STUDENTS AND BENEFACTORS OF THE UNIVERSITY. WITH THE EXCEPTION OF THE INTEREST AND DIVIDENDS EARNED ON THE ENDOWMENT FUNDS THE ORGANIZATION RECEIVES 100% OF ITS REVENUE FROM THE GENERAL PUBLIC OR FROM SOURCES DIRECTLY RELATED TO ITS CHARITABLE AND EXEMPT PURPOSE. THESE SOURCES OF REVENUE ARE FROM UNRELATED DONORS AND CONSIST OF THE ENTIRE GRADUATING CLASSES FROM 1947 TO THE PRESENT. THE GOVERNING BODY IS ELECTED BY THE CURRENT AND FORMER STUDENTS OF THE UNIVERSITY AND REPRESENT A DIVERSE BACKGROUND OF INDIVIDUALS FROM AROUND THE STATE AND COUNTRY. THE ORGANIZATION MAINTAINS DEFINITIVE PLANS ON ACCOMPLISHING ITS CHARITABLE WORK AND GOALS. ALL FORMER STUDENTS AND THE PUBLIC ARE INVITED AND WELCOME TO JOIN THE ORGANIZATION AND VOICE THEIR OPINIONS ON THE OPERATIONS OF THE ALUMNI ASSOCIATION. THE MEMBERSHIP FEE IS NOT MORE THAN 35 WHICH ENCOURAGES A BROAD CROSS SECTION OF THE INTERESTED PUBLIC TO JOIN. THE ONGOING ACTIVITY OF AWARDING SCHOLARSHIPS FOR AS MANY AS 100 STUDENTS EACH YEAR ATTRACTS ATTENTION AND COVERAGE BY THE LOCAL NEWS MEDIA. IN ADDITION, BASED ON THE FORMULA FOR DETERMINING PUBLIC SUPPORT, IT HAS ONLY BEEN IN RECENT YEARS THAT THE ORGANIZATION HAS FAILED THE 33 1/3% SUPPORT TEST. THE GOVERNING BOARD BELIEVES THIS IS DIRECTLY ATTRIBUTABLE TO THE DOWNTURN IN THE ECONOMY OVER THE LAST SEVERAL YEARS AND THEY FULLY EXPECT DONATIONS, GRANTS AND GIFTS TO REBOUND WHEN THE ECONOMY DOES. |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,633,466 | BeginningYearBalanceAmt |
| Contributions | $6,635 | ContributionsAmt |
| Investment Earnings Or Losses | $1,781,818 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$130,815 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$40,500 | OtherExpendituresAmt |
| End Year Balance | $8,250,604 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,916,587 | BeginningYearBalanceAmt |
| Contributions | $6,170 | ContributionsAmt |
| Investment Earnings Or Losses | $937,243 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$109,050 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$117,484 | OtherExpendituresAmt |
| End Year Balance | $6,633,466 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,700,313 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $410,842 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$92,070 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$91,818 | OtherExpendituresAmt |
| Administrative Expenses | -$10,680 | AdministrativeExpensesAmt |
| End Year Balance | $5,916,587 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,221,082 | BeginningYearBalanceAmt |
| Contributions | $14,815 | ContributionsAmt |
| Investment Earnings Or Losses | $1,589,506 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$90,184 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$34,906 | OtherExpendituresAmt |
| End Year Balance | $5,700,313 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,749,955 | BeginningYearBalanceAmt |
| Contributions | $9,300 | ContributionsAmt |
| Investment Earnings Or Losses | $604,105 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$65,800 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$76,478 | OtherExpendituresAmt |
| End Year Balance | $4,221,082 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,231 | OtherCostOrOtherBasisAmt |
| Depreciation | $28,530 | DepreciationAmt |
| Book Value | $701 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $701 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO OPERATING FUND | Desc |
| Amt | $624 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $624 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MASSACHUSETTS-LOWELL | BusinessNameLine1 |
| Business Name Line2 | COLLEGE OF MGMT & ENGINEERING DEPT | BusinessNameLine2 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE UNIVERSITY AVENUE | AddressLine1 |
| City | LOWELL | City |
| State | MA | State |
| ZIP Code | 01853 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 046002284 | RecipientEIN |
| Cash Grant | $18,565 | CashGrantAmt |
| Purpose Of Grant | DEPARTMENT SUPPORT | PurposeOfGrantTxt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | COLLEGE TUITION ASSISTANC | GrantTypeTxt |
| Recipient | 74 | RecipientCnt |
| Cash Grant | $112,250 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE BOARD OF DIRECTORS IS SOLELY RESPONSIBLE FOR THE MONITORING AND DISBURSING OF ALL FUNDS. THE BOARD MEETS ON A MONTHLY BASIS TO REVIEW ALL SOURCES OF REVENUES AND EXPENSES. BASED ON ANNUAL BUDGET PROJECTIONS THE BOARD WILL AUTHORIZE CERTAIN DOLLAR AMOUNTS TO BE DISBURSED TO MEET THE STUDENT SCHOLARSHIPS. MANAGEMENT MUST REPORT TO THE BOARD MONTHLY REGARDING ALL USES OF FUNDS AND DISBURSEMENTS. THE BOARD THEN COMPARES ACTUAL VERSUS BUDGETED AMOUNTS AND VARIANCES ARE ANALYZED FOR POSSIBLY UNKNOWN DISCREPANCIES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE ALUMNI ASSOCATION WAS ESTABLISHED TO BENEFIT THE STATE UNIVERSITY AND ASSIST THE UNIVERSITY IN MAINTAINING COMMUNICATION WITH FORMER ALUMNI AND THE STUDENT BODY. THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE COLLEGE SCHOLARSHIPS AND GRANTS TO WORTHY AND NEEDY STUDENTS. THE ASSOCIATION IS ALSO ENTRUSTED WITH THE MANAGEMENT OF ALUMNI'S ENDOWMENT FUNDS, WHICH HAVE BEEN CONTRIBUTED BY FORMER UNIVERSITY ALUMNI TO ASSIST IN THESE ONGOING EFFORTS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE RETURN IS PROVIDED TO THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE BOARD PRESIDENT, VICE PRESIDENT, TREASURER AND SECRETARY FOR REVIEW AND APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON CURRENT ECONOMIC CONDITIONS, JOB DESCRIPTION, LENGTH OF SERVICE AND EMPLOYEE EVALUATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION IS OPEN TO THE PUBLIC 5 DAYS A WEEK AND INDIVIDUALS DESIRING TO OBTAIN COPIES OF THE ORGANIZATION'S DOCUMENTS ARE FREE TO REQUEST THEM AT THIS OFFICE. ALSO, THE PUBLIC CAN MAKE A REQUEST THROUGH THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9 | NET UNREALIZED GAINS ON INVESTMENT STOCK PORTFOLIO 1,544,376 |
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