INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC (EIN 04-2052723)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-10-11
- IRS object ID
- 201302849349300525
- Schema version
- 2012v2.3
- 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) |
|---|---|---|
| Timestamp | 2013-10-11T12:24:49-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAIN BOURRET JARRY & ASSOCIATES LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042052723 | EIN |
Name Name
| 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) |
|---|---|---|
| Name Control | INDE | NameControl |
| Phone | 9784546335 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD H DONALDSON | Name |
| Title | TREASURER | Title |
| Phone | 9784546335 | Phone |
| Date Signed | 2013-10-09 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN R BOURRET | Name |
| Phone | 9789571421 | Phone |
| Date Prepared | 2013-10-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DRUCILLA M FITZGERALD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 TYLER STREET | AddressLine1 |
| City | SALEM | City |
| State | NH | State |
| ZIP Code | 03079 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 441416 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.IUAAL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1947 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 23688 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 21667 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 267020 | InvestmentIncomePriorYear |
| Investment Income Current Year | 221997 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 57615 | OtherRevenuePriorYear |
| Other Revenue Current Year | 64197 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 348323 | TotalRevenuePriorYear |
| Total Revenue Current Year | 307861 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 92070 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 109050 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 63464 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 54066 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1629 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 89416 | OtherExpensePriorYear |
| Other Expenses Current Year | 76379 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 244950 | TotalExpensesPriorYear |
| Total Expenses Current Year | 239495 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 103373 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 68366 | RevenuesLessExpensesCY |
| Total Assets BOY | 5948868 | TotalAssetsBOY |
| Total Assets EOY | 6730820 | TotalAssetsEOY |
| Total Liabilities BOY | 13565 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11909 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5935303 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6718911 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 109050 | Expense |
| Grants | 12500 | Grants |
| Revenue | 195048 | Revenue |
| Description | PROVIDING SCHOLARSHIPS TO INDIVIDUALS ATTENDING THE UNIVERSITY OF MASSACHUSETTS LOWELL WHO OTHERWISE MIGHT NOT HAVE THE FINANCIAL MEANS TO ATTEND COLLEGE. APPROXIMATELY 106 SCHOLARSHIPS AND AWARDS WERE DISBURSED WHILE ALSO PROVIDING 5 GRANTS TO THE UNIVERSITY'S COLLEGE OF MANAGEMENT, ENGINEERING, MUSIC AND PSYCHOLOGY DEPARTMENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 111548 | Expense |
| Revenue | 332872 | Revenue |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 220598 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 2 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicy |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARIANTHE DABEKIS | NamePerson |
| Telephone Number | 9784546335 | TelephoneNumber |
Address US AddressUS
| 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 | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| DRUCILLA M FITZGERALD | |||||
| PRESIDENT | 2.00 | X | 0 | 0 | 0 |
| MARY ANN KITROSSER | |||||
| VICE PRESIDE | 2.00 | X | 0 | 0 | 0 |
| THOMAS J VAUGHN | |||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 |
| RICHARD DONALDSON | |||||
| TREASURER | 2.00 | X | 0 | 0 | 0 |
| MICHAEL ALPERT | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| GEORGE L DUGGAN | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| JOHN T O'DONNELL | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| WALTER F DAWSON | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| RICHARD J RUSSELL | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| ARTHUR P MILLER | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| THOMAS O'DONNELL | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| KEVIN D SHANAHAN | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| JOSEPH F DIXON | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| JAMES L SWARTZ | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| PATRICIA GARDNER | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| MARY GAIL JAGGERS | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| BERNARD SHAPIRO | |||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 |
| RAYMOND DUNN | |||||
| NOMINATING C | 1.00 | X | 0 | 0 | 0 |
| JOHN M SHEEHAN | |||||
| NOMINATING C | 1.00 | X | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Membership Dues | 10979 | MembershipDues |
| All Other Contributions | 10688 | AllOtherContributions |
| Total Contributions | 21667 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 195047 | TotalRevenueColumn |
| Exclusion | $195,047 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 160505 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 133555 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 26950 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26950 | TotalRevenueColumn |
| Related Or Exempt Function Income | 26950 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ALUMNI GROUP INS. ROYALTIES | 63210 | $63,210 | |
| MISCELLANEOUS INCOME | 987 | 987 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 64197 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 307861 | TotalRevenueColumn |
| Related Or Exempt Function Income | 27937 | RelatedOrExemptFunctionIncome |
| Exclusion | $258,257 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12500 | Total |
| Program Services | 12500 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96550 | Total |
| Program Services | 96550 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39407 | Total |
| Program Services | 33102 | ProgramServices |
| Management And General | 5517 | ManagementAndGeneral |
| Fundraising | 788 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6020 | Total |
| Program Services | 5057 | ProgramServices |
| Management And General | 843 | ManagementAndGeneral |
| Fundraising | 120 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8029 | Total |
| Program Services | 6744 | ProgramServices |
| Management And General | 1124 | ManagementAndGeneral |
| Fundraising | 161 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 610 | Total |
| Program Services | 512 | ProgramServices |
| Management And General | 85 | ManagementAndGeneral |
| Fundraising | 13 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10114 | Total |
| Program Services | 8496 | ProgramServices |
| Management And General | 1416 | ManagementAndGeneral |
| Fundraising | 202 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187 | Total |
| Program Services | 178 | ProgramServices |
| Management And General | 8 | ManagementAndGeneral |
| Fundraising | 1 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| MANAGEMENT FEES - TRUST | 40757 | 35051 | 5706 | |
| SCHOLARSHIP BANQUET | 5618 | 5618 | ||
| OFFICE SUPPLIES AND EXPEN | 4897 | 4113 | 686 | 98 |
| INSURANCE | 4208 | 3535 | 589 | 84 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10598 | Total |
| Program Services | 9142 | ProgramServices |
| Management And General | 1294 | ManagementAndGeneral |
| Fundraising | 162 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 239495 | Total |
| Program Services | 220598 | ProgramServices |
| Management And General | 17268 | ManagementAndGeneral |
| Fundraising | 1629 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30046 | BOY |
| EOY | 95508 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 320346 | BOY |
| EOY | 206675 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1187 | BOY |
| EOY | 1224 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 29231 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28369 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1049 | BOY |
| EOY | 862 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5595616 | BOY |
| EOY | 6425927 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 624 | BOY |
| EOY | 624 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5948868 | BOY |
| EOY | 6730820 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12941 | BOY |
| EOY | 11285 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 624 | BOY |
| EOY | 624 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13565 | BOY |
| EOY | 11909 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1382588 | BOY |
| EOY | 1587966 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121990 | BOY |
| EOY | 138900 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4430725 | BOY |
| EOY | 4992045 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5935303 | BOY |
| EOY | 6718911 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5948868 | BOY |
| EOY | 6730820 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 68366 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 715242 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | true | AccountantCompileOrReview |
Accountant Compile Or Review Basis AccountantCompileOrReviewBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | false | FSAudited |
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 33936 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 54049 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 24501 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23688 | CurrentTaxYearMinus1Year |
| Current Tax Year | 21667 | CurrentTaxYear |
| Total | 157841 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 33936 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 54049 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 24501 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23688 | CurrentTaxYearMinus1Year |
| Current Tax Year | 21667 | CurrentTaxYear |
| Total | 157841 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 157841 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 163822 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 150581 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 161036 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 174282 | CurrentTaxYearMinus1Year |
| Current Tax Year | 195047 | CurrentTaxYear |
| Total | 844768 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 34374 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 77612 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 51515 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 57390 | CurrentTaxYearMinus1Year |
| Current Tax Year | 63210 | CurrentTaxYear |
| Total | 284101 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 1286710 | TotalSupport |
| Gross Receipts From Admissions Etc | 987 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.12270 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.12930 | PublicSupportPertcentPriorYear |
| Ten Percent Test Current Year | X | TenPercentTestCurrentYear |
| Facts And Circumstances Test | 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. | FactsAndCircumstancesTest |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5916587 | BeginningOfYearBalance |
| Contributions | 6170 | Contributions |
| Investment Earnings Or Losses | 937243 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -109050 | GrantsOrScholarships |
| Other Expenditures | -117484 | OtherExpenditures |
| End Of Year Balance | 6633466 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5700313 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 410842 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -92070 | GrantsOrScholarships |
| Other Expenditures | -91818 | OtherExpenditures |
| Administrative Expenses | -10680 | AdministrativeExpenses |
| End Of Year Balance | 5916587 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4221082 | BeginningOfYearBalance |
| Contributions | 14815 | Contributions |
| Investment Earnings Or Losses | 1589506 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -90184 | GrantsOrScholarships |
| Other Expenditures | -34906 | OtherExpenditures |
| End Of Year Balance | 5700313 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3749955 | BeginningOfYearBalance |
| Contributions | 9300 | Contributions |
| Investment Earnings Or Losses | 604105 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -65800 | GrantsOrScholarships |
| Other Expenditures | -76478 | OtherExpenditures |
| End Of Year Balance | 4221082 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5286221 | BeginningOfYearBalance |
| Contributions | 25870 | Contributions |
| Investment Earnings Or Losses | -1363300 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -102750 | GrantsOrScholarships |
| Other Expenditures | -96086 | OtherExpenditures |
| End Of Year Balance | 3749955 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 29231 | OtherCostOrOtherBasis |
| Depreciation | 28369 | Depreciation |
| Book Value | 862 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 862 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO OPERATING FUND | Description |
| Amount | $624 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 624 | TotalOfAmounts |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MASSACHUSETTS-LOWELL | BusinessNameLine1 |
| Business Name Line2 | COLLEGE OF MGMT & ENGINEERING DEPT | BusinessNameLine2 |
Address US AddressUS
| 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) |
|---|---|---|
| EIN Of Recipient | 046002284 | EINOfRecipient |
| Amount Of Cash Grant | 12500 | AmountOfCashGrant |
| Purpose Of Grant | DEPARTMENT SUPPORT | PurposeOfGrant |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | COLLEGE TUITION ASSISTANC | TypeOfGrant |
| Number Of Recipients | 106 | NumberOfRecipients |
| Amount Of Cash Grant | 96550 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | ReturnReference |
| 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | 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. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | 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. |
| COMPENSATION PROCESS FOR OFFICERS | 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. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | 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. |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | NET UNREALIZED GAINS ON INVESTMENT STOCK PORTFOLIO 715,242 |
Comments