Totals
- Total revenue
- $338,801
- Total expenses
- $464,195
- Contributions and grants received
- $189,338
- Grants paid
- $0
- Program service revenue
- $81,070
- Investment income
- $68,393
- Other revenue
- $0
- Total assets, end of year
- $2,143,400
- Total liabilities, end of year
- $54,672
- Net assets or fund balances, end of year
- $2,088,728
- Program services expenses (Part IX)
- $352,694
- Management and general expenses
- $111,501
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $352,694
Program services were 76.0% 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.
-
1f · All other contributions, gifts and grants
$189,338
-
2a · Program service revenue: BREAKFAST TICKET SALES
total $34,570 · related or exempt $34,570
-
2b · Program service revenue: TDI AGREEMENT
total $21,000 · related or exempt $21,000
-
2c · Program service revenue: PUBLIC MATTERS TUITION FEES
total $19,000 · related or exempt $19,000
-
2d · Program service revenue: NPS AGREEMENT
total $6,500 · related or exempt $6,500
-
3 · Investment income
total $47,886 · excluded $47,886
-
7a · Gross sales of assets other than inventory
securities $20,507
-
7c · Gain or loss
securities $20,507
-
7d · Net gain or loss
total $20,507 · related or exempt $20,507
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $81,996 · program services $66,263 · management and general $15,733
-
8 · Pension plan contributions
total $10,365 · program services $8,730 · management and general $1,635
-
9 · Other employee benefits
total $21,305 · program services $17,874 · management and general $3,431
-
10 · Payroll taxes
total $6,158 · program services $5,187 · management and general $971
-
11a · Fees: management
total $90,000 · program services $67,500 · management and general $22,500
-
11b · Fees: legal
total $193 · program services $193
-
11c · Fees: accounting
total $19,900 · management and general $19,900
-
11f · Fees: investment management
total $21,574 · management and general $21,574
-
11g · Fees: other
total $176,652 · program services $167,676 · management and general $8,976
-
13 · Office expenses
total $8,712 · program services $6,427 · management and general $2,285
-
23 · Insurance
total $2,061 · program services $454 · management and general $1,607
-
24a · Other expenses: CONTRIBUTION EXPENSE
total $14,680 · program services $2,250 · management and general $12,430
-
24b · Other expenses: PROGRAM EXPENSES
total $10,140 · program services $10,140
-
24c · Other expenses: CATERING EXPENSE
total $459 · management and general $459
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $323,614 · end of year $204,313
-
2 · Savings and temporary cash investments
beginning of year $1,669,518 · end of year $1,925,059
-
3 · Pledges and grants receivable
beginning of year $60,691 · end of year $10,918
-
9 · Prepaid expenses and deferred charges
beginning of year $3,110 · end of year $3,110
-
10a · Land, buildings and equipment: cost or other basis
$7,939
-
10b · Land, buildings and equipment: accumulated depreciation
$7,939
-
15 · Other assets
beginning of year $8,451
-
17 · Accounts payable and accrued expenses
beginning of year $26,032 · end of year $54,672
-
27 · Net assets without donor restrictions
beginning of year $25,092 · end of year $11,280
-
28 · Net assets with donor restrictions
beginning of year $2,014,260 · end of year $2,077,448
Mission and programs · 2023
Mission
THE LOWELL PLAN, INC. IS A PRIVATE NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION THAT PROVIDES A FORUM FOR PRIVATE AND PUBLIC SECTOR LEADERS TO DISCUSS THE CITY OF LOWELL'S ECONOMIC, EDUCATIONAL, AND CULTURAL DEVELOPMENT AND THAT ALSO SUPPORTS AND ADVOCATES FOR PARTNERSHIP PROGRAMS THAT ADVANCE THE STRATEGIC GOALS OF THE ORGANIZATION.
-
THE OBJECTIVE OF THE LOWELL PLAN, INC. IS TO PROVIDE THE GOOD IMAGE OF LOWELL AND TO ASSIST IN THE CITY'S CONTINUED REVITALIZATION BY MEANS OF VARIOUS PROJECTS: ACRE PROJECT, DOWNTOWN DEVELOPMENT, TROLLEY STUDY AND PUBLIC MATTERS.
Expenses $352,694 · Revenue $81,070
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rajia AbdelazizRAJIA ABDELAZIZ
DIRECTOR
- Total calculated
- $0
-
Joe BartolottaJOE BARTOLOTTA
DIRECTOR
- Total calculated
- $0
-
Jeff BrownJEFF BROWN
DIRECTOR
- Total calculated
- $0
-
Jeff BushJEFF BUSH
DIRECTOR
- Total calculated
- $0
-
Gary CampbellGARY CAMPBELL
CO-CHAIR
- Total calculated
- $0
-
Brian L ChapmanBRIAN L CHAPMAN
DIRECTOR
- Total calculated
- $0
-
John ChemalyJOHN CHEMALY
DIRECTOR
- Total calculated
- $0
-
Charles DesourdyCHARLES DESOURDY
DIRECTOR
- Total calculated
- $0
-
Allistair FormerALLISTAIR FORMER
DIRECTOR
- Total calculated
- $0
-
Susan GriffinSUSAN GRIFFIN
DIRECTOR
- Total calculated
- $0
-
Amy HoeyAMY HOEY
DIRECTOR
- Total calculated
- $0
-
James HoganJAMES HOGAN
CLERK/SECRET
- Total calculated
- $0
-
James F Linnehan JrJAMES F LINNEHAN JR
DIRECTOR
- Total calculated
- $0
-
Allison LameyALLISON LAMEY
EXECUTIVE DI
- Total calculated
- $0
-
Steve LarochelleSTEVE LAROCHELLE
DIRECTOR
- Total calculated
- $0
-
Susan West LevineSUSAN WEST LEVINE
DIRECTOR
- Total calculated
- $0
-
James LichoulasJAMES LICHOULAS
DIRECTOR
- Total calculated
- $0
-
Leo MonteiroLEO MONTEIRO
DIRECTOR
- Total calculated
- $0
-
Anthony NgangaANTHONY NGANGA
DIRECTOR
- Total calculated
- $0
-
John PowerJOHN POWER
CO-CHAIR
- Total calculated
- $0
-
Mouli RamaniMOULI RAMANI
DIRECTOR
- Total calculated
- $0
-
Michael ReillyMICHAEL REILLY
DIRECTOR
- Total calculated
- $0
-
Robert RiversROBERT RIVERS
DIRECTOR
- Total calculated
- $0
-
Matt RobbinsMATT ROBBINS
DIRECTOR
- Total calculated
- $0
-
William SoucyWILLIAM SOUCY
DIRECTOR
- Total calculated
- $0
-
Jason StephensJASON STEPHENS
TREASURER
- Total calculated
- $0
-
Larissa ThurstonLARISSA THURSTON
DIRECTOR
- Total calculated
- $0
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
- 16 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530169349300723
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