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Lowell Plan INC FY2023 filing

Tax-deductible

Lowell, MA501(c)(3)Since 1980Community Development EIN 04-2693109Revenue $455K in FY2023

On file with the IRSlowellplan.org660 Suffolk St Ste 120, 01854-3636 · Lowell, MATax-exempt since Feb 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of The Lowell Plan, Inc. is (1) to facilitate and advocate for transformative data-driven change through big-picture, forward thinking visioning and collaboarive strategic planning; and (2) to foster collaboration across private, non-profit, and public sectors in Lowell that impacts the region.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $55K a year · 12% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 39.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$455K
+48% vs prior year
Spent
$602K
To programs
86%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$455K
FY2023▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$967K
FY2021$344K
FY2022$307K
FY2023$455K
FY2024$339K
FY2025$423K
Expenses
$602K
FY2023▲ +80%
Tap a bar for its year
Expenses by fiscal year
FY2020$349K
FY2021$297K
FY2022$335K
FY2023$602K
FY2024$464K
FY2025$458K
Net assets
$2.0M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.1M
FY2023$2.0M
FY2024$2.1M
FY2025$2.2M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $516K Management & general 14% · $86K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Brown
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Chemaly
Director
$0Pt VII · Sec A
Jack Clancy
Clerk/Secret
$0Pt VII · Sec A
See Lowell Plan INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Facilitates discussion and advocates for partnerships to advance Lowell's economic, educational, and cultural development.

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Provided by the organization

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1 program · $516K · in their own filed words · FY2022
01

The objective of the lowell plan, inc. Is to provide the good image of lowell and to assist in the city's continued revitalization by means of various projects: acre project, downtown development, trolley study and public matters.

$516Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Greater Lowell Community Foundation INCFY2025$19K
Total grants receivedfrom 1 funder$19K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$455K
Ln 12
Gifts and grantsLn 1h$340K
Fees for servicesLn 2g$64K
Investment incomeLn 3$50K
Money outPt IX
$602K
Ln 25
Programscol B$516K
Managementcol C$86K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$2.1M
LiabilitiesLn 26$26K
PeoplePt VI, VII
27
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$340K
Fees for servicesLn 2g$64K
Investment incomeLn 3$50K
Gains on assetsLn 7$18K
Total revenueLn 12$455K
Assets in detailPt X, end of year
CashLn 1$324K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$2.0M
Other assetsLn 15$8K
Total assetsLn 16$2.1M
LiabilitiesLn 26$26K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 629
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.0M$2.0M
Total assetsLn 16$2.1M$2.1M
LiabilitiesLn 26$23K$26K
Net assetsLn 32$2.1M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$79K$64K$15K
Pension plan contributionsLn 8$12K$10K$2K
Other employee benefitsLn 9$20K$17K$3K
Payroll taxesLn 10$6K$5K$947
Management feesLn 11a$78K$58K$19K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$17K$17K
Other fees for servicesLn 11g$356K$356K$386
Office expensesLn 13$6K$1K$4K
InsuranceLn 23$3K$296$3K
Other expenses (24a–d)Ln 24$7K$4K$2K
Total functional expensesLn 25$602K$516K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $423K$458K−$35K$2.2M 990 PDF
FY2024 $339K$464K−$125K$2.1M 990 PDF
FY2023 Viewing $455K$602K−$148K$2.0M 990 PDF
FY2022 $307K$335K−$28K$2.1M 990 PDF
FY2021 $344K$297K$47K$2.3M 990 PDF
FY2020 $967K$349K$617K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $454,556 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $222,243$340,167
I-9 Program service revenuePrior year $48,551$63,977
I-10 Investment incomePrior year $36,666$50,412
I-11 Other revenue$0
I-12 Total revenuePrior year $307,460$454,556
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $107,426$116,713
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $227,811$485,536
I-18 Total expensesPrior year $335,237$602,249
I-19 Revenue less expensesPrior year −$27,777−$147,693
Part VI · Governance 27 of 27 board members independent, 2 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $454,556 across 6 lines filed
VIII-1f All other contributions, gifts and grants$340,167
VIII-1h Total contributions, gifts and grants$340,167
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,977$63,977
VIII-3 Investment incomeExcluded from tax $32,697$32,697
VIII-7 Net gain or loss on sales of assetsRelated to mission $17,715$17,715
VIII-12 Total revenueRelated to mission $81,692 · Excluded from tax $32,697$454,556
Part IX · Statement of functional expenses $602,249 across 12 lines filed
IX-7 Other salaries and wagesPrograms $63,646 · Management $15,322$78,968
IX-8 Pension plan contributionsPrograms $10,237 · Management $1,932$12,169
IX-9 Other employee benefitsPrograms $16,581 · Management $3,027$19,608
IX-10 Payroll taxesPrograms $5,021 · Management $947$5,968
IX-11a Management feesPrograms $58,125 · Management $19,375$77,500
IX-11b Legal feesPrograms $1,307$1,307
IX-11c Accounting feesManagement $18,200$18,200
IX-11f Investment management feesManagement $17,130$17,130
IX-11g Other fees for servicesPrograms $355,609 · Management $386$355,995
IX-13 Office expensesPrograms $1,451 · Management $4,219$5,670
IX-23 InsurancePrograms $296 · Management $2,730$3,026
IX-24 Other expenses (24a–d)Programs $4,213 · Management $2,495$6,708
IX-25 Total functional expensesPrograms $516,486 · Management $85,763 · Fundraising $0$602,249
Part X · Balance sheet $2,065,384 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $135,412$323,614
X-2 Savings and temporary cash investmentsStart of year $1,827,982$1,669,518
X-3 Pledges and grants receivableStart of year $148,574$60,691
X-9 Prepaid expenses and deferred chargesStart of year $4,080$3,110
X-15 Other assetsStart of year $1,171$8,451
X-16 Total assetsStart of year $2,117,219$2,065,384
X-17 Accounts payable and accrued expensesStart of year $22,718$26,032
X-26 Total liabilitiesStart of year $22,718$26,032
X-27 Net assets without donor restrictionsStart of year $22,421$25,092
X-28 Net assets with donor restrictionsStart of year $2,072,080$2,014,260
X-32 Total net assets or fund balancesStart of year $2,094,501$2,039,352
X-33 Total liabilities and net assetsStart of year $2,117,219$2,065,384
Part XI · Reconciliation of net assets $2,039,352 net assets at year end
XI-1 Total revenue$454,556
XI-2 Total expenses$602,249
XI-3 Revenue less expenses−$147,693
XI-4 Net assets at start of year$2,094,501
XI-5 Net unrealized gains (losses) on investments$92,544
XI-10 Net assets at end of year$2,039,352

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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