Lowther Building Fund Inc
- Assets
- $684.6k
- Revenue
- $256.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Emporia, KS
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-2492745
Organization Overview
Lowther Building Fund Inc is located in Emporia, KS. The organization was established in 2013. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowther Building Fund 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 12/2021, Lowther Building Fund Inc generated $256.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $191.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE HISTORIC NATURE AND APPEARANCE OF THE BUILDING(S), AND TO HOUSE COMMUNITY NON-PROFIT/HUMANITARIAN AND PUBLIC ORGANIZATIONS USING AVAILABLE, EXISTING RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE THE HISTORIC NATURE AND APPEARANCE OF THE BUILDING(S)AND TO HOUSE COMMUNITY NON-PROFIT/HUMANITARIAN AND PUBLIC ORGANIZATIONS USING AVAILABLE, EXISTING RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Evans Treasurer | OfficerTrustee | 1 | $0 |
Monte Miller Secretary | OfficerTrustee | 1 | $0 |
Stephen Haught Chairman | OfficerTrustee | 13 | $0 |
Fred Spellman Vice-Chair | OfficerTrustee | 20 | $0 |
Amy Larson Director | Trustee | 1 | $0 |
Sophie Mallon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $256,837 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $327 |
| Office expenses | $234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,224 |
| Insurance | $12,294 |
| All other expenses | $159 |
| Total functional expenses | $191,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $582,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $684,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $209,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,383 |
| Total liabilities | $215,303 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $469,263 |
| Total liabilities and net assets/fund balances | $684,566 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lowther Building Fund Inc has recieved totaling $71,254.
| Awarding Organization | Amount |
|---|---|
Emporia Community Foundation Emporia, KS PURPOSE: RENOVATION OF OLD SCHOOL TO HOUSE NON-PROFITS AND EDUCATION CLASSROOMS | $35,627 |
Emporia Community Foundation Emporia, KS PURPOSE: RENOVATION OF OLD SCHOOL TO HOUSE NON-PROFITS AND EDUCATION CLASSROOMS | $35,627 |
Peer Organizations
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|---|---|---|
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Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Mccalls Chapel School Inc Ada, OK | $9,915,625 | $11,707,804 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Oklahoma State University Research Foundation Inc Stillwater, OK | $8,047,594 | $10,291,004 |
Trinity Academy Incorporated Wichita, KS | $26,619,610 | $9,316,406 |
City Garden Montessori School St Louis, MO | $12,889,488 | $6,696,246 |