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Nonprofiteer
← LOWELL PARKS AND CONSERVATION TRUST INC

Form 990 for tax year 2023

Filed by LOWELL PARKS AND CONSERVATION TRUST INC.

Totals

Total revenue
$1,154,177
Total expenses
$1,819,186
Contributions and grants received
$1,117,915
Grants paid
$0
Program service revenue
$0
Investment income
$38,154
Other revenue
-$1,892
Total assets, end of year
$2,751,824
Total liabilities, end of year
$26,437
Net assets or fund balances, end of year
$2,725,387
Program services expenses (Part IX)
$1,739,475
Management and general expenses
$76,972
Fundraising expenses
$2,739
Program service expenses (Part III)
$1,739,475

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $18,668

  • 1e · Government grants (contributions)

    $173,788

  • 1f · All other contributions, gifts and grants

    $925,459

  • 3 · Investment income

    total $38,154 · excluded $38,154

  • 8a · Fundraising events: gross income

    $4,217

  • 8a · Fundraising events: contributions included on line 1c

    $18,668

  • 8b · Fundraising events: direct expenses

    $6,109

  • 8c · Net income from fundraising events

    total -$1,892 · excluded -$1,892

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,666 · program services $101,121 · management and general $8,806 · fundraising $2,739

  • 7 · Other salaries and wages

    total $152,171 · program services $144,562 · management and general $7,609

  • 10 · Payroll taxes

    total $24,700 · program services $20,422 · management and general $4,278

  • 11c · Fees: accounting

    total $12,000 · management and general $12,000

  • 11g · Fees: other

    total $156,705 · program services $152,167 · management and general $4,538

  • 12 · Advertising and promotion

    total $520 · program services $141 · management and general $379

  • 13 · Office expenses

    total $28,840 · program services $18,210 · management and general $10,630

  • 14 · Information technology

    total $13,914 · program services $694 · management and general $13,220

  • 16 · Occupancy

    total $14,352 · program services $11,769 · management and general $2,583

  • 17 · Travel

    total $2,706 · program services $2,411 · management and general $295

  • 19 · Conferences, conventions and meetings

    total $2,371 · program services $1,974 · management and general $397

  • 22 · Depreciation, depletion and amortization

    total $13,521 · program services $13,521

  • 23 · Insurance

    total $13,725 · program services $10,096 · management and general $3,629

  • 24a · Other expenses: CONSERVATION RESTRICTION

    total $1,225,000 · program services $1,225,000

  • 24b · Other expenses: PROJECT SUPPLIES & EQUIPM

    total $21,750 · program services $19,362 · management and general $2,388

  • 24c · Other expenses: PROPERTY MAINTENANCE

    total $18,025 · program services $18,025

  • 24d · Other expenses: DUES AND PUBLICATIONS

    total $4,537 · management and general $4,537

  • 24e · All other expenses

    total $1,683 · management and general $1,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $428,397 · end of year $560,256

  • 2 · Savings and temporary cash investments

    beginning of year $1,525,434 · end of year $563,366

  • 3 · Pledges and grants receivable

    end of year $346,562

  • 4 · Accounts receivable

    beginning of year $142,765 · end of year $91,119

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,530 · end of year $6,916

  • 10a · Land, buildings and equipment: cost or other basis

    $1,104,117

  • 10b · Land, buildings and equipment: accumulated depreciation

    $238,711

  • 10c · Land, buildings and equipment, net

    beginning of year $875,895 · end of year $865,406

  • 15 · Other assets

    beginning of year $393,652 · end of year $318,199

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,806 · end of year $21,796

  • 25 · Other liabilities

    beginning of year $18,020 · end of year $4,641

  • 27 · Net assets without donor restrictions

    beginning of year $1,743,187 · end of year $1,688,534

  • 28 · Net assets with donor restrictions

    beginning of year $1,597,660 · end of year $1,036,853

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF LOWELL THROUGH EDUCATION AND THROUGH THE CREATION, CONSERVATION, AND PRESERVATION OF PARKS, OPEN SPACES, AND SPECIAL PLACES.

  • THE TRUST ASSISTS IN THE PRESERVATION OF THE HISTORIC & NATURAL BEAUTIES IN THE CITY OF LOWELL THROUGH EDUCATION OF THE PUBLIC AND OUTDOOR ACTIVITIES.

    Expenses $1,739,475

As filed on the 2023 return.

Listed in Part VII

  • Sheila Kirschbaum

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • James O'Hearn

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • David M Braslau

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Geer

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Amanda Flores

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Mark Romanowsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sopheap Theam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diane Nichols Tradd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Watts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Calvin

    EXECUTIVE DI

    Total calculated
    $108,477
    From this org
    $105,383
    From related orgs
    $0
    Other
    $3,094
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 February 2025
IRS schema version
2023v6.0
Source object
202501229349302605

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