Lowman-Howell Foundation Inc
- Assets
- $5.0m
- Revenue
- $390.7k
- Investments
- $4.7m
- Employees
- 0
- Location
- Elmira, NY
- Founding
- 09/1984
- Data as of
- 03/2023
- EIN
- 22-2537870
Organization Overview
Lowman-Howell Foundation Inc is located in Elmira, NY. The organization was established in 1984. 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. Lowman-Howell Foundation Inc 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 03/2023, Lowman-Howell Foundation Inc generated $390.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $287.8k during the year ending 03/2023. While expenses have increased by 19.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lowman-Howell Foundation Inc has awarded 35 individual grants totaling $1,051,900. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine H Roehlke Pres/treas/d | 0.5 | $0 | |
John R Alexander Secretry/dir | 0.5 | $0 | |
Thomas L Roehlke Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $293 |
| Dividends & Interest | $98,060 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,395 |
| Capital Gain Net Income | $92,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $390,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $371 |
| Total operating and administrative expenses | $27,792 |
| Contributions, gifts, grants paid | $260,000 |
| Total expenses and disbursements | $287,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,021 |
| Savings and temporary cash investments | $43,980 |
| 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 | $525,752 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,004,206 |
| 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, Lowman-Howell Foundation Inc has awarded $260,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LIGHT ENDOWMENT PURPOSE: ENDOWMENT FUND | $50,000 |
TANGLEWOOD NATURE CENTER PURPOSE: GENERAL FUND | $30,000 |
ARNOT ART MUSEUM PURPOSE: GENERAL FUND | $25,000 |
CHEMUNG COUNTY HISTORICAL SOCIETY PURPOSE: GENERAL FUND | $25,000 |
CLEMENS PERFORMING ARTS CENTER PURPOSE: GENERAL FUND | $25,000 |
ELMIRA COLLEGE PURPOSE: GENERAL FUND | $75,000 |