Lowell Institute in Boston, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in Massachusetts
| Lowell Institute | |
| Employer Identification Number (EIN) | 042105771 |
| Name of Organization | Lowell Institute |
| In Care of Name | Choate Hall & Stewart |
| Address | PO BOX 961019, Boston, MA 02196-1019 |
| Activities | Other school related activities |
| Subsection | Charitable Organization, Educational Organization, Literary Organization |
| Ruling Date | 12/1948 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 07/2014 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $43,627,630 |
| Amount of Income | $14,360,647 |
| Form 990 Revenue Amount | $804,176 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $804,176 | $804,176 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $3,638 | |||
| Dividends and interest from securities | $776,681 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $23,857 | |||
| Total expenses and disbursements | $2,107,220 | $96,541 | $0 | $2,004,679 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $195,345 | $96,541 | $92,804 | |
| Contributions, gifts, grants paid | $1,911,875 | |||
| Excess of revenue over expenses and disbursements | $-1,303,044 | |||
| Net investment income | $707,635 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $38,126,403 | $38,126,403 |
| Cash - non-interest-bearing | $5,136 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $29,344,914 | |
| Investments-corporate bonds | $6,243,649 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $525,250 | |
| Other | $2,007,454 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $38,126,403 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $23,857 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $7,076 |
| Total credits and payments | $11,684 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $11,684 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $4,608 |
| Amount to be credited to 2013 estimated tax | $4,608 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $38,589,586 |
| Net value of noncharitable-use assets | $38,010,740 |
| Minimum investment return | $1,900,537 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,815,429 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,815,429 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $677,627 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lowell Community Health Center Inc | 175 Cabot St Ste 420, Lowell, MA 01854-3635 | MA | 1986-04 | $29,026,877 |
| 2 | Lowell Community Loan Fund Inc | 450 Merrimack St, Lowell, MA 01854-3907 | MA | 2009-07 | $116,222 |
| 3 | Lowell Day Nursery Association Inc | 119 Hall St, Lowell, MA 01854-3612 | MA | 1937-06 | $1,047,848 |
| 4 | Lowell Development And Financial Corporation | 660 Suffolk St Ste 120, Lowell, MA 01854-3636 | MA | 1977-02 | $707,544 |
| 5 | Lowell Festival Foundation | PO BOX 217, Lowell, MA 01853-0217 | MA | 1976-12 | $1,357,572 |
| 6 | Lowell Firefighters Credit Union | 642 Chelmsford St, Lowell, MA 01851-4724 | MA | 1945-02 | $579,133 |
| 7 | Lowell General Hospital Auxiliary | 295 Varnum Ave, Lowell, MA 01854-2134 | MA | 1955-01 | $758,759 |
| 8 | Lowell Heritage Partnership Inc | PO BOX 8744, Lowell, MA 01853-8744 | MA | 2004-07 | $57,495 |
| 9 | Lowell Historical Society | PO BOX 1826, Lowell, MA 01853-1826 | MA | 1971-03 | $16,391 |
| 10 | Lowell House Inc | 555 Merrimack St, Lowell, MA 01854-3906 | MA | 1971-06 | $2,411,998 |
| 11 | Lowell Institute | PO BOX 961019, Boston, MA 02196-1019 | MA | 1948-12 | $14,360,647 |
| 12 | Lowell Jr High Football Association Inc | 25 Nob Way, Lowell, MA 01852 | MA | 2003-01 | $5,870 |
| 13 | Lowell Kiwanas Foundation Inc | PO BOX 174, Lowell, MA 01853-0174 | MA | 1997-03 | $17,255 |
| 14 | Lowell Masonic Association Inc | 79 Dutton St, Lowell, MA 01852-1027 | MA | 1935-11 | $82,432 |
| 15 | Lowell Parks And Conservation Trust Inc | PO BOX 7162, Lowell, MA 01852-0162 | MA | 1994-10 | $262,226 |
| 16 | Lowell Plan Inc | 660 Suffolk St Ste 120, Lowell, MA 01854-3636 | MA | 1994-02 | $417,939 |
| 17 | Lowell Police Association | PO BOX 3, Lowell, MA 01853-0003 | MA | 2009-02 | $158,065 |
| 18 | Lowell Police Benevolent Society Inc | 101 W Jenness St, Lowell, MA 01851-4822 | MA | 2009-03 | $53,771 |
| 19 | Lowell Police Superior Officers Association | 50 Arcand Drive C/O David Peaslee, Lowell, MA 01852 | MA | 1995-06 | $78,655 |
| 20 | Lowell Rif Inc | 31 Rivercliff Rd, Lowell, MA 01852-1432 | MA | 1976-09 | $16,440 |
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