Lowell Baseball INC FY2023 filing

Tax-deductible

Lowell, IN501(c)(3)Recreation & SportsEIN 35-1442260Revenue $110K in FY2023

On file with the IRSPo Box 96, 46356-0096 · Lowell, INTax-exempt since Feb 2013Publicly supported — 509(a)(2)

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Youth Baseball league

501(c)(3) charity; gifts are tax-deductible.
98¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $14K a year · 12% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$110K
+8% vs prior year
Spent
$113K
To programs
98%
Net assets
$249K
By yearFY2021–FY2024
Revenue
$110K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$101K
FY2022$102K
FY2023$110K
FY2024$147K
Expenses
$113K
FY2023▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$68K
FY2022$84K
FY2023$113K
FY2024$137K
Net assets
$249K
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2021$234K
FY2022$252K
FY2023$249K
FY2024$259K

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

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $111K Fundraising 2% · $2K

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

4 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
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Lowell Baseball 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 15aNo

Programs and updates

Lowell Baseball INC is a recreation and sports nonprofit based in Lowell, IN.

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Provided by the organization

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1 program · $75K · in their own filed words · FY2022
01

Provide a baseball league for the youth of the lowell indiana area

$75Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$110K
Ln 12
Fees for servicesLn 2g$101K
Other incomeLn 4–11$9K
Money outPt IX
$113K
Ln 25
Programscol B$111K
Fundraisingcol D$2K
Owns and owesPt X
$249K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$249K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$101K
Other incomeLn 4–11$9K
Total revenueLn 12$110K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$153K
Other assetsLn 15$26K
Total assetsLn 16$249K
LiabilitiesLn 26$0
Net assetsLn 32$249K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
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$74K$69K
Land, buildings, equipmentLn 10c$152K$153K
Total assetsLn 16$252K$249K
LiabilitiesLn 26$0$0
Net assetsLn 32$252K$249K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$880$880
Professional fundraising feesLn 11e$2K$2K
Office expensesLn 13$875$875
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$64K$64K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$113K$111K$0$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $147K$137K$10K$259K 990 PDF
FY2023 Viewing $110K$113K−$3K$249K 990 PDF
FY2022 $102K$84K$18K$252K 990 PDF
FY2021 $101K$68K$33K$234K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $109,959 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $91,900$100,755
I-10 Investment income$0
I-11 Other revenuePrior year $10,256$9,204
I-12 Total revenuePrior year $102,156$109,959
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $2,013$1,763
I-17 Other expensesPrior year $82,448$111,331
I-18 Total expensesPrior year $84,461$113,094
I-19 Revenue less expensesPrior year $17,695−$3,135
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $109,959 across 3 lines filed
Lines not itemized here account for $9,004 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,755$100,755
VIII-8 Net income from fundraising events$200
VIII-12 Total revenueRelated to mission $109,759$109,959
Part IX · Statement of functional expenses $113,094 across 8 lines filed
IX-11c Accounting feesPrograms $880$880
IX-11e Professional fundraising feesFundraising $1,763$1,763
IX-13 Office expensesPrograms $875$875
IX-16 OccupancyPrograms $14,480$14,480
IX-22 Depreciation, depletion and amortizationPrograms $14,553$14,553
IX-23 InsurancePrograms $5,734$5,734
IX-24 Other expenses (24a–d)Programs $63,513$63,513
IX-24e All other expensesPrograms $11,296$11,296
IX-25 Total functional expensesPrograms $111,331 · Management $0 · Fundraising $1,763$113,094
Part X · Balance sheet $248,646 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $73,754$69,422
X-10c Land, buildings and equipment, netStart of year $151,676$152,873
X-15 Other assetsStart of year $26,351$26,351
X-16 Total assetsStart of year $251,781$248,646
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $251,781$248,646
X-32 Total net assets or fund balancesStart of year $251,781$248,646
X-33 Total liabilities and net assetsStart of year $251,781$248,646
Part XI · Reconciliation of net assets $248,646 net assets at year end
XI-1 Total revenue$109,959
XI-2 Total expenses$113,094
XI-3 Revenue less expenses−$3,135
XI-4 Net assets at start of year$251,781
XI-10 Net assets at end of year$248,646

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

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