Lowry Fam Foundation
- Assets
- $204.2k
- Revenue
- $63.2k
- Investments
- $180.1k
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 04-6926668
Organization Overview
Lowry Fam Foundation is located in Huntsville, AL. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowry Fam Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lowry Fam Foundation generated $63.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $12.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lowry Fam Foundation has awarded 43 individual grants totaling $163,362. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY PURPOSE IS GIVING TO NON-PROFIT ORGANIZATIONS WHICH INCLUDE COMMUNITY INVOLVEMENT AND THE BETTERMENT OF HUMANITY. DONATIONS ARE MADE TO APPROXIMATELY 50-60 ORGANIZATIONS ANNUALLY OF LESS THAN 1,000 DONATED TO MOST ORGANIZATIONS. DONATIONS GREATER THAN 1,000 ARE LISTED SEPERATELY ON PART XIV OF THE 990PF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Lowry Trustee | 0 | $0 | |
Pamela Rozelle Trustee | 0 | $0 | |
Sarah Fasoldt Trustee | 0 | $0 | |
Amy Poole Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,964 |
| Interest on Savings | $19 |
| Dividends & Interest | $4,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,839 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $56 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $641 |
| Contributions, gifts, grants paid | $11,430 |
| Total expenses and disbursements | $12,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,524 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,633 |
| Total assets | $204,210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lowry Fam Foundation has awarded $11,430 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNERS FOR WORLD HEALTH PURPOSE: COMMUNITY | $1,500 |
VARIOUS UNDER 100000 PURPOSE: COMMUNITY | $4,930 |
NRDC PURPOSE: COMMUNITY | $5,000 |