The Edward Lowe Foundation
- Assets
- $139.5m
- Revenue
- $14.3m
- Investments
- $119.1m
- Employees
- 0
- Location
- Cassopolis, MI
- Founding
- 07/1987
- Data as of
- 12/2021
- 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 12/2021, Edward Lowe Foundation generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edward Lowe Foundation has awarded 14 individual grants totaling $114,706. 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
2021
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 Trustee | 3 | $30,000 | |
Mike Mccuistion V.P. Phys Resources | 40 | $172,460 | |
Colleen Killen-Roberts V.P. Of Epren | 40 | $158,696 | |
Paul Bateson Gm Of Ext Relations | 40 | $130,734 | |
Kathy Browning Director Admin. | 40 | $123,912 | |
Chris Ryback Director Of It | 40 | $103,859 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ceo Nexus Llc | 12/30/21 | $84,245 |
Jack Pycik | 12/30/21 | $112,320 |
Cibc Private Wealth Management | 12/30/21 | $264,928 |
New Media Minds | 12/30/21 | $85,348 |
Perkins Coie | 12/30/21 | $84,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,447,359 |
| Net Rental Income | $59,370 |
| Net Gain on Sale of Assets | $10,862,780 |
| Capital Gain Net Income | $10,862,780 |
| Net ST Capital Gain | $139,538 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $979,651 |
| Total Revenue | $14,349,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $556,448 |
| Other employee salaries and wages | $2,637,086 |
| Pension plans, employee benefits | $1,041,562 |
| Interest | $0 |
| Taxes | $215,213 |
| Depreciation | $439,426 |
| Occupancy | $27,094 |
| Travel, conferences, and meetings | $27,054 |
| Printing and publications | $1,911 |
| Other expenses | $706,060 |
| Total operating and administrative expenses | $6,827,353 |
| Contributions, gifts, grants paid | $22,456 |
| Total expenses and disbursements | $6,849,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,925,185 |
| Net Accounts receivable | $116,494 |
| 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 | $61,552 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,273,430 |
| Net Land, buildings, and equipment | $9,273,649 |
| Other assets | $0 |
| Total assets | $139,490,354 |
| Accounts payable and accrued expenses | $561,529 |
| 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 | $454,128 |
| Total liabilities | $1,015,657 |
Grants Awarded
Over the last fiscal year, The Edward Lowe Foundation has awarded $22,456 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Lansing, MI PURPOSE: GENERAL SUPPORT | $10,000 |
MISCELLANEOUS - 500 AND UNDER PURPOSE: GENERAL SUPPORT | $8,540 |
Cassopolis, MI PURPOSE: GENERAL SUPPORT | $1,000 |
JUNIOR ACHIEVEMENT OF BERRIEN & CASS COUNTY PURPOSE: GENERAL SUPPORT | $1,000 |
UNITED WAY OF SW MICHIGAN PURPOSE: GENERAL SUPPORT | $1,000 |
Cassopolis, MI PURPOSE: GENERAL SUPPORT | $916 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Edward Lowe Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: TO FURTHER THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Old National Bank Foundation Inc Evansville, IN | $1,059,679 | $25,162 |
Peyback Foundation Inc Independence, OH | $4,792,942 | $1,855,787 |
Raymond And Marie Goldbach Foundation Inc Marathon, WI | $27,008,832 | $2,753,618 |
S P Fenn No 1 Trust Ua Brooklyn, OH | $28,554,709 | $3,349,823 |
People Helping People Network Inc Indianapolis, IN | $544,778 | $1,807,428 |
Akron Marathon Charitable Corporation Akron, OH | $882,702 | $1,362,171 |
Wctc Foundation Inc Pewaukee, WI | $8,998,700 | $2,844,099 |
Columbus Blue Jackets Foundation Columbus, OH | $4,878,710 | $1,729,664 |