Lowell Alumni Association
- Assets
- $7.9m
- Revenue
- $787.0k
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- 12/1984
- Data as of
- 06/2021
- EIN
- 94-6125408
Organization Overview
Lowell Alumni Association is located in San Francisco, CA. The organization was established in 1984. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Lowell Alumni Association 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 06/2021, Lowell Alumni Association generated $787.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $720.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 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
THE LOWELL ALUMNI ASSOCIATION MAINTAINS AND ENHANCES RELATIONSHIPS THAT SERVE AND SUPPORT OUR ALUMNI, STUDENTS, SCHOOL AND THE LOWELL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS/AWARDS DURING FISCAL YEAR 2020-21, WE AWARDED 127 COLLEGE SCHOLARSHIPS (REPRESENTING AN INCREASE OF MORE THAN 50 SCHOLARSHIPS FROM THE PRIOR YEAR) TO RECENT LOWELL GRADUATES ($255,300), MOST OF WHICH ARE FUNDED BY PERPETUAL ENDOWED SCHOLARSHIP FUNDS. WE ALSO AWARDED FOUR ACADEMIC PRIZES/AWARDS/STIPENDS ($4,943) TO CURRENT STUDENTS, RECOGNIZING OUTSTANDING ACHIEVEMENT IN MATHEMATICS AND SCIENCE. WE ALSO CONTINUED OUR LONG-STANDING ADVANCED PLACEMENT EXAM FEE SUBSIDY PROGRAM FOR STUDENTS WITH FINANCIAL NEED, PROVIDING $11,608 IN ASSISTANCE IN 2020-21 TO 97 STUDENTS.
LIBRARY RENOVATION PROJECT AS PART OF THE LARGEST CAPITAL IMPROVEMENT PROJECT EVER UNDERTAKEN BY THE LOWELL ALUMNI ASSOCIATION, A COMBINATION OF DESIGNATED AND UNRESTRICTED GIFTS WAS USED TO HELP FUND MAJOR IMPROVEMENTS TO THE LOWELL HIGH SCHOOL LIBRARY, INCLUDING NEW LIGHTING AND HVAC SYSTEMS, GROUP STUDY ROOMS, FLOORING AND FURNITURE. IN FISCAL YEAR 2019-20, WE SPENT $600,000 ON CONSTRUCTION COSTS WHILE THE $255,423 SPENT IN 2020-21 WAS DEVOTED ALMOST ENTIRELY TO THE PURCHASE OF NEW LIBRARY FURNITURE.
ALUMNI PROGRAMS/SERVICES THE LOWELL ALUMNI ASSOCIATION COMMUNICATES REGULARLY WITH OUR MORE THAN 33,000 ALUMNI, FORMER FACULTY AND OTHER FRIENDS OF LOWELL HIGH SCHOOL. WE ALSO SUPPORT AND FACILITATE REGULAR CLASS REUNIONS, ALTHOUGH CLASS REUNIONS WERE SUSPENDED DURING FISCAL YEAR 2020-21 DUE TO COVID-19. THE LAA EXECUTIVE DIRECTOR AND HIS ASSISTANT SUPPORT THOSE EFFORTS AS WELL AS VARIOUS ALUMNI RELATIONS ACTIVITIES ($18,929).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terence Abad Executive Dir. | Officer | 20 | $62,458 |
John Trasvina President | OfficerTrustee | 5 | $0 |
Kate Lazarus President | OfficerTrustee | 5 | $0 |
Betty Lee Treasurer | OfficerTrustee | 3 | $0 |
Anita Payton Secretary | OfficerTrustee | 2 | $0 |
Phillip Shinn Vice President | OfficerTrustee | 2 | $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 | $427,710 |
| Noncash contributions included in lines 1a–1f | $29,081 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,710 |
| Total Program Service Revenue | $0 |
| Investment income | $204,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $114 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $786,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,039 |
| Grants and other assistance to domestic individuals. | $271,851 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,663 |
| Compensation of current officers, directors, key employees. | $35,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,788 |
| All other expenses | $0 |
| Total functional expenses | $720,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,878 |
| Savings and temporary cash investments | $66,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,216 |
| 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 | $0 |
| Investments—publicly traded securities | $7,376,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,870,953 |
| Accounts payable and accrued expenses | $40,323 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,323 |
| Net assets without donor restrictions | $1,893,017 |
| Net assets with donor restrictions | $5,937,613 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,870,953 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lowell Alumni Association has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
A & D Tom Foundation San Francisco, CA PURPOSE: GENERAL PROGRAM SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $4,473,601 |
| Earnings | $325,991 |
| Net Contributions | $73,434 |
| Grants | $195,689 |
| Ending Balance | $4,677,337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Alumni Association Berkeley, CA | $38,249,351 | $14,037,142 |
Weimar Institute Weimar, CA | $18,297,667 | $10,612,549 |
Oregon State University Alumni Association Inc O S U Corvallis, OR | $18,895,220 | $6,031,432 |
University Of Arizona Alumni Association Tucson, AZ | $10,483,265 | $3,295,631 |
Ucla Alumni Association Los Angeles, CA | $18,983,733 | $2,720,692 |
Alumni Association School Of Medicine Loma Linda University Loma Linda, CA | $21,070,782 | $4,635,468 |
Arizona State University Alumni Association Tempe, AZ | $23,640,025 | $1,664,234 |
Portland State University Alumni Association Portland, OR | $0 | $742,849 |
California Aggie Alumni Association Davis, CA | $7,429,243 | $1,694,563 |
Academy Services Corporation Tucson, AZ | $5,843,114 | $1,767,337 |
Alumni Association Of The University Of Oregon Eugene, OR | $21,027,924 | $2,555,814 |
Uci Alumni Association Irvine, CA | $15,784,967 | $1,191,682 |