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Nonprofiteer
← LOWELL FESTIVAL FOUNDATION

Form 990 for tax year 2024

Filed by LOWELL FESTIVAL FOUNDATION.

Totals

Total revenue
$1,642,760
Total expenses
$1,678,284
Contributions and grants received
$670,455
Grants paid
$0
Program service revenue
$905,033
Investment income
$855
Other revenue
$66,417
Total assets, end of year
$768,097
Total liabilities, end of year
$240,673
Net assets or fund balances, end of year
$527,424
Program services expenses (Part IX)
$1,399,172
Management and general expenses
$187,499
Fundraising expenses
$91,613
Program service expenses (Part III)
$1,399,172

Program services were 83.4% 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.

  • 1a · Federated campaigns

    $654,955

  • 1f · All other contributions, gifts and grants

    $15,500

  • 1g · Noncash contributions included above

    $15,500

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $905,033 · related or exempt $905,033

  • 3 · Investment income

    total $855 · excluded $855

  • 11a · Other revenue: MANAGEMENT FEES

    total $65,000 · related or exempt $65,000

  • 11b · Other revenue: OTHER INCOME

    total $1,417 · related or exempt $1,417

  • 11e · Other revenue, total

    $66,417

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $158,581 · program services $75,639 · management and general $64,619 · fundraising $18,323

  • 9 · Other employee benefits

    total $1,291 · program services $258 · management and general $775 · fundraising $258

  • 10 · Payroll taxes

    total $14,016 · program services $7,631 · management and general $5,011 · fundraising $1,374

  • 11c · Fees: accounting

    total $12,000 · program services $6,000 · management and general $6,000

  • 11g · Fees: other

    total $65,000 · program services $32,500 · management and general $32,500

  • 13 · Office expenses

    total $21,219 · management and general $21,219

  • 19 · Conferences, conventions and meetings

    total $1,656 · management and general $1,656

  • 23 · Insurance

    total $39,144 · program services $39,144

  • 24a · Other expenses: PROGRAM COSTS

    total $1,077,559 · program services $1,077,559

  • 24b · Other expenses: CONTRACT LABOR

    total $201,429 · program services $79,491 · management and general $50,280 · fundraising $71,658

  • 24c · Other expenses: STAGE & SOUND EQUIPMENT

    total $61,944 · program services $61,944

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $7,966 · program services $7,966

  • 24e · All other expenses

    total $16,479 · program services $11,040 · management and general $5,439

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $780,756 · end of year $617,564

  • 4 · Accounts receivable

    beginning of year $8,422 · end of year $1,973

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,947 · end of year $148,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,050 · end of year $25,045

  • 19 · Deferred revenue

    beginning of year $229,128 · end of year $215,628

  • 27 · Net assets without donor restrictions

    beginning of year $492,406 · end of year $428,524

  • 28 · Net assets with donor restrictions

    beginning of year $70,541 · end of year $98,900

Mission and programs · 2024

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO ENCOURAGE CHARITABLE, CIVIC AND EDUCATIONAL ACTIVITIES BY BUSINESS AND INDIVIDUALS IN THE CITY OF LOWELL, MASSACHUSETTS THROUGH ENTERTAINMENT AND FESTIVAL ACTIVITIES.

  • THE ORGANIZATION OPERATES AN ANNUAL FOLK FESTIVAL, WITH MUSIC, DANCING AND ENTERTAINMENT IN ORDER TO SUPPORT AND PROMOTE THE ARTS WITHIN THE CITY OF LOWELL, MASSACHUSETTS. THE ORGANIZATION ALSO HAS A SUMMER MUSIC SERIES OF CONCERTS, HEADLINED BY NATIONAL AND GLOBAL ARTISTS WITHIN THE ENTERTAINMENT INDUSTRY, AT AN OUTDOOR LOCAL REFURBISHED PARK, IN ORDER TO PROMOTE THE ARTS WITHIN THE CITY OF LOWELL, MASSACHUSETTS AND THE LOCAL SURROUNDING COMMUNITIES.

    Expenses $1,399,172 · Revenue $905,033

As filed on the 2024 return.

Listed in Part VII

  • Peter Aucella

    TRUSTEE, VIC

    Total calculated
    $0
    Hours/week
    15

  • Pauline Golec

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Helene Loiselle

    TRUSTEE, TRE

    Total calculated
    $0
    Hours/week
    2.5

  • Janis Maliszewski

    TRUSTEE, GLO

    Total calculated
    $0
    Hours/week
    10

  • John Scannell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Arthur Sutcliffe

    TRUSTEE, CHA

    Total calculated
    $0
    Hours/week
    15

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
2024
Filed
22 December 2025
IRS schema version
2024v5.0
Source object
202630519349300213

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