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Nonprofiteer
← LOWENSTINE FUND CORPORATION

Form 990 for tax year 2023

Filed by LOWENSTINE FUND CORPORATION.

Totals

Total revenue
$1,676,021
Total expenses
$1,903,152
Contributions and grants received
$1,600,000
Grants paid
$0
Program service revenue
$0
Investment income
$31,566
Other revenue
$44,455
Total assets, end of year
$19,489,320
Total liabilities, end of year
$194,096
Net assets or fund balances, end of year
$19,295,224
Program services expenses (Part IX)
$1,715,082
Management and general expenses
$188,070
Fundraising expenses
$0
Program service expenses (Part III)
$1,715,082

Program services were 90.1% 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.

  • 1d · Related organizations

    $1,600,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $31,566 · excluded $31,566

  • 6a · Gross rents

    real property $44,455

  • 6c · Rental income or loss

    real property $44,455 · personal property $0

  • 6d · Net rental income or loss

    total $44,455 · excluded $44,455

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $654,647 · program services $523,718 · management and general $130,929 · fundraising $0

  • 13 · Office expenses

    total $25,089 · program services $20,071 · management and general $5,018

  • 14 · Information technology

    total $44,125 · program services $35,300 · management and general $8,825

  • 16 · Occupancy

    total $328,562 · program services $287,991 · management and general $40,571

  • 17 · Travel

    total $2,040 · management and general $2,040

  • 22 · Depreciation, depletion and amortization

    total $520,220 · program services $520,220

  • 23 · Insurance

    total $325,034 · program services $325,034

  • 24e · All other expenses

    total $3,435 · program services $2,748 · management and general $687 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $333,797 · end of year $261,532

  • 4 · Accounts receivable

    beginning of year $10,215 · end of year $16,595

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,225 · end of year $250,462

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

    $20,965,500

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

    $2,004,769

  • 10c · Land, buildings and equipment, net

    beginning of year $19,322,600 · end of year $18,960,731

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,482 · end of year $194,096

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $14,728,530 · end of year $14,501,399

  • 28 · Net assets with donor restrictions

    beginning of year $4,793,825 · end of year $4,793,825

Mission and programs · 2023

Mission

To support educational programming on preservation and conservation while maintaining the Lowenwood property in its natural state.

  • LOWENSTINE FUND CORPORATION'S PURPOSE, MISSION, AND PRIMARY GOAL IS TO MAINTAIN THE LOWENWOOD PROPERTY IN ITS NATURAL STATE AND SUPPORT EDUCATIONAL USE AND PROGRAMMING THEREON WITH REGARD TO PRESERVATION AND CONSERVATION.

    Expenses $1,715,082

As filed on the 2023 return.

Listed in Part VII

  • John D Zeglis

    President

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kathryn R Booth

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Miles D White

    Treasurer/Secretary

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • James E Fellowes

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Thomas H Story

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Brian R Baker

    Assistant Treasurer

    Total calculated
    $228,658
    From this org
    $183,407
    From related orgs
    $0
    Other
    $45,251
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $182,532
    Bonus
    $0
    Other
    $875
    Deferred
    $18,980
    Nontaxable benefits
    $26,271
    Filer's total
    $228,658

  • Pamela L Christiansen

    Assistant Secretary

    Total calculated
    $247,894
    From this org
    $116,217
    From related orgs
    $0
    Other
    $131,677
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $115,342
    Bonus
    $0
    Other
    $875
    Deferred
    $11,910
    Nontaxable benefits
    $119,767
    Filer's total
    $247,894

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
Please see response to Form 990, Part VI, Line 15A in Schedule O.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 February 2025
IRS schema version
2023v6.0
Source object
202500369349300705

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