The Edward Lowe Foundation
- Assets
- $116.1m
- Revenue
- $3.4m
- Investments
- $101.2m
- Employees
- 0
- Location
- Cassopolis, MI
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 38-2679673
Organization Overview
The Edward Lowe Foundation is located in Cassopolis, MI. The organization was established in 1987. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Edward Lowe 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, Edward Lowe Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward Lowe Foundation has awarded 17 individual grants totaling $127,161. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EDUCATIONAL ACTIVITIES - SEE SUPPLEMENTAL INFORMATION
CONSERVATION & PRESERVATION ACTIVITIES - SEE SUPPLEMENTAL INFORMATION
INFORMATION & TECHNOLOGY SERVICES - SEE SUPPLEMENTAL INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman Emeritus | 3 | $25,000 | |
Name Not Listed Chairman Of The Board | 40 | $243,968 | |
Name Not Listed Trustee | 3 | $30,000 | |
Name Not Listed Trustee | 3 | $30,000 | |
Name Not Listed Trustee | 3 | $31,000 | |
Name Not Listed Trustee | 3 | $31,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cibc Private Wealth Management | 12/30/22 | $245,540 |
John Pycik | 12/30/22 | $104,500 |
Ceo Nexus Llc | 12/30/22 | $84,615 |
Upriver Gis Llc | 12/30/22 | $56,790 |
New Media Minds | 12/30/22 | $54,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,634 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,929,157 |
| Net Rental Income | $111,117 |
| Net Gain on Sale of Assets | $447,680 |
| Capital Gain Net Income | $447,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $945,691 |
| Total Revenue | $3,440,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $654,334 |
| Other employee salaries and wages | $2,617,572 |
| Pension plans, employee benefits | $1,063,191 |
| Interest | $0 |
| Taxes | $43,385 |
| Depreciation | $450,241 |
| Occupancy | $25,437 |
| Travel, conferences, and meetings | $45,436 |
| Printing and publications | $7,348 |
| Other expenses | $739,268 |
| Total operating and administrative expenses | $6,771,682 |
| Contributions, gifts, grants paid | $12,455 |
| Total expenses and disbursements | $6,784,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,699,742 |
| Net Accounts receivable | $36,615 |
| 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 | $65,120 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,707,327 |
| Net Land, buildings, and equipment | $9,021,266 |
| Other assets | $122,499 |
| Total assets | $116,112,335 |
| Accounts payable and accrued expenses | $620,942 |
| 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 | $167,580 |
| Total liabilities | $788,522 |
Grants Awarded
Over the last fiscal year, The Edward Lowe Foundation has awarded $12,455 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CASS COUNTY FAIR ASSOCIATION PURPOSE: GENERAL SUPPORT | $3,065 |
HELPING HANDS OF CASS COUNTY PURPOSE: GENERAL SUPPORT | $1,000 |
MISCELLANEOUS - 500 AND UNDER PURPOSE: GENERAL SUPPORT | $8,390 |