INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC (EIN 04-2052723)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202601349349101380
- Schema version
- 2024v5.5
- 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
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T09:30:34-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 921479802 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grassi Advisory Group Inc | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 Omni Way Suite 201 | AddressLine1Txt |
| City | Chelmsford | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | 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 | P O Box 242 | AddressLine1Txt |
| City | Lowell | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01853 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Kevin Shanahan | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 9789346530 | PhoneNum |
| Signature | 2026-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Brendan E Toolin | PreparerPersonNm |
| PTIN | P01323447 | PTIN |
| Phone | 9784522500 | PhoneNum |
| Preparation | 2026-05-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,701,385 | 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 | $4,780 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $230,279 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $230,279 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $230,279 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,633 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,075 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,633 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $238,692 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $233,912 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $230,279 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $53,960 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $55,024 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $3,104 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $2,930 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,900 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $11,900 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $8,681 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,019 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,019 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $7,662 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $50,915 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $42,073 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $42,073 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,842 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $128,560 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $43,092 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $43,092 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $86,358 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $169,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $169,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $297,560 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $43,092 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $43,092 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $255,358 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$58,868 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $190,820 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $187,187 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $45,989 | CashBOYAmt |
| Cash EOY | $5,410 | CashEOYAmt |
| Cash EOYFMV | $5,410 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $223,651 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $209,718 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $209,718 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $6,103,177 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,486,257 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,486,257 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,319 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,319 | LandBldgEquipAccumDeprecAmt |
| Total Assets BOY | $6,372,817 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,701,385 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,701,385 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $349 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $523 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $1,361 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $296 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,710 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $819 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $3,556,283 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $3,714,738 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $2,814,824 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $2,985,828 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,371,107 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $6,700,566 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,372,817 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $6,701,385 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,371,107 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$58,868 | ExcessRevenueOverExpensesAmt |
| Other Increases | $388,327 | OtherIncreasesAmt |
| Subtotal | $6,700,566 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $6,700,566 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| Arcadium Lithium | 2015-10-28 | 2025-03-06 | $4,860 | $1,839 | $3,021 | $3,021 |
| Arcadium Lithium | 2017-10-04 | 2025-03-06 | $9,215 | $8,603 | $612 | $612 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,633 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,652 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,652 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,652 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $3,000 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $61 | EsPenaltyAmt |
| Overpayment | $287 | OverpaymentAmt |
| Applied To ES Tax | $287 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | 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 | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 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 |
|---|---|---|---|---|---|---|---|---|
| Margaret Shanahan | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Executive Director | 40.00 | $53,960 | $0 | $0 |
| Kevin Shanahan | ||||||||
| PO Box 242 | Lowell | MA | 01853 | President | 1.00 | $0 | $0 | $0 |
| Michael Alpert | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Vice President | 1.00 | $0 | $0 | $0 |
| Patricia Rivard Gardner | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Treasurer | 1.00 | $0 | $0 | $0 |
| Davis Lee | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Secretary | 1.00 | $0 | $0 | $0 |
| Walter Dawson | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Richard Donaldson | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| George Duggan | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Hae-Young Christina Joo | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Valerie King | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Mary Ann Kitrosser | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Thomas Vaughn | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Joseph Vecchione | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Richard Russell | ||||||||
| PO Box 242 | Lowell | MA | 01853 | Director | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | University of Massachusetts Foundation for scholarships to be provided to university students | Description1Txt |
| Expenses1 | $150,000 | Expenses1Amt |
| Description2 | Grants provided to university students | Description2Txt |
| Expenses2 | $19,000 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $3,632,493 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $100,342 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,732,835 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,732,835 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $55,993 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,676,842 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $183,842 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $255,358 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $255,358 | QualifyingDistributionsAmt |
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 | $183,842 | CurrentYearAmt |
| Year1 | $154,363 | Year1Amt |
| Year2 | $167,142 | Year2Amt |
| Year3 | $171,107 | Year3Amt |
| Total | $676,454 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $156,266 | CurrentYearAmt |
| Year1 | $131,209 | Year1Amt |
| Year2 | $142,071 | Year2Amt |
| Year3 | $145,441 | Year3Amt |
| Total | $574,986 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $255,358 | CurrentYearAmt |
| Year1 | $3,389,928 | Year1Amt |
| Year2 | $641,512 | Year2Amt |
| Year3 | $6,228,564 | Year3Amt |
| Total | $10,515,362 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $255,358 | CurrentYearAmt |
| Year1 | $3,389,928 | Year1Amt |
| Year2 | $641,512 | Year2Amt |
| Year3 | $6,228,564 | Year3Amt |
| Total | $10,515,362 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $122,561 | CurrentYearAmt |
| Year1 | $102,909 | Year1Amt |
| Year2 | $111,428 | Year2Amt |
| Year3 | $114,071 | Year3Amt |
| Total | $450,969 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | 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 online through the University of Massachusetts Lowell portal. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | The applications deadline for the year ended June 30, 2025 was October 15, 2024. | 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 (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| University of Massachusetts | |||||
| 100 Carlson Avenue | Newton | MA | 02459 | Annual scholarships for students | $150,000 |
| University of Massachusetts Lowell | |||||
| 1 University Drive | Lowell | MA | 01853 | Grants for UMass Lowell programs | $19,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $169,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $230,279 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,633 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $233,912 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $233,912 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting fees | CategoryTxt |
| Amt | $11,900 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $11,900 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Investments | StockNm |
| EOY Book Value | $6,486,257 | EOYBookValueAmt |
| EOYFMV | $6,486,257 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Management fees | $42,069 | $42,069 | $42,069 | $0 |
| Office expenses | $6,039 | $0 | $0 | $6,039 |
| Meetings | $1,490 | $0 | $0 | $1,490 |
| Insurance | $1,243 | $0 | $0 | $1,243 |
| Alumni relations | $70 | $0 | $0 | $70 |
| Bank fees | $4 | $4 | $4 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized gain on investments | Desc |
| Amt | $388,327 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Accrued payroll | Desc |
| BOY Book Value | $1,361 | BOYBookValueAmt |
| EOY Book Value | $296 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Federal excise tax | $3,238 | $0 | $0 | $3,238 |
| Payroll taxes | $4,424 | $0 | $0 | $4,424 |
| Foreign taxes on investments | $1,019 | $1,019 | $1,019 | $0 |
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