Lowell Arts FY2020 filing

Tax-deductible

Lowell, MI501(c)(3)Arts & CultureEIN 38-2226024

Connecting regional artists and audiences through the visual and performing arts. Lowellarts provides program opportunities for artists to exhibit and performs,and for residents to develop their own creative talents.

501(c)(3) charity; gifts are tax-deductible.
34¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 deficit $14K a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
34%
of spending
Concern: 34% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314K
Spent
$258K
To programs
34%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$314K
FY2020
Revenue by fiscal year
FY2020$314K
FY2021$379K
FY2022$333K
FY2023$353K
FY2024$369K
FY2025$292K
Expenses
$258K
FY2020
Expenses by fiscal year
FY2020$258K
FY2021$377K
FY2022$339K
FY2023$375K
FY2024$412K
FY2025$363K
Net assets
$1.3M
FY2020
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.4M
FY2023$1.4M
FY2024$1.3M
FY2025$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Jan 1979.

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

Where the money goes

34 cents of each dollar spent went to programs.

Program services 34% · $87K Management & general 58% · $150K Fundraising 8% · $21K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Lowell Arts 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

Connects artists and audiences through visual and performing arts, offering exhibition, performance, and creative development opportunities.

Provided by the organization

This section is blank until Lowell Arts claims this page.

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1 program service account for $87K of program spending, described in the organization's own filed words · FY2020.
01

The organization provides an opportunity for local artists and entertainers to exhibit their talents and an opportunity for residents to develop their artistic and theatrical skills through regularly conducted classes.

$87Kprogram expense

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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 · FY2024
Total grants receivedfrom 2 funders$37K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$314K
Ln 12
Gifts and grantsLn 1h$192K
Fees for servicesLn 2g$96K
Other incomeLn 4–11$15K
Money outPt IX
$258K
Ln 25
Programscol B$87K
Managementcol C$150K
Fundraisingcol D$21K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$1.4M
LiabilitiesLn 26$32K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$192K
Fees for servicesLn 2g$96K
Investment incomeLn 3$11K
Other incomeLn 4–11$15K
Total revenueLn 12$314K
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
InvestmentsLn 11–13$201K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$32K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$38K$110K
InvestmentsLn 11–13$146K$201K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$16K$32K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K$12K$46K
Other salaries and wagesLn 7$34K$7K$28K
Other employee benefitsLn 9$3K$535$2K
Payroll taxesLn 10$5K$1K$4K
Accounting feesLn 11c$3K$3K$550
Other fees for servicesLn 11g$10K$6K$4K$609
Advertising and promotionLn 12$5K$2K$3K$215
Office expensesLn 13$7K$402$5K$2K
OccupancyLn 16$10K$205$4K$5K
Depreciation, depletion and amortizationLn 22$38K$8K$30K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$76K$50K$13K$13K
All other expensesLn 24e$4K$568$3K
Total functional expensesLn 25$258K$87K$150K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $292K$363K−$71K$1.3M 990 PDF
FY2024 $369K$412K−$43K$1.3M 990 PDF
FY2023 $353K$375K−$22K$1.4M 990 PDF
FY2022 $333K$339K−$6K$1.4M 990 PDF
FY2021 $379K$377K$2K$1.4M 990 PDF
FY2020 Viewing $314K$258K$56K$1.3M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $313,685 across 6 lines filed
VIII-1f All other contributions, gifts and grants$191,694
VIII-1h Total contributions, gifts and grants$191,694
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $95,882$95,882
VIII-3 Investment incomeExcluded from tax $11,092$11,092
VIII-8 Net income from fundraising events$15,017
VIII-12 Total revenueRelated to mission $95,882 · Excluded from tax $11,092$313,685
Part IX · Statement of functional expenses $258,124 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $11,600 · Management $46,400$58,000
IX-7 Other salaries and wagesPrograms $6,879 · Management $27,517$34,396
IX-9 Other employee benefitsPrograms $535 · Management $2,142$2,677
IX-10 Payroll taxesPrograms $1,092 · Management $4,366$5,458
IX-11c Accounting feesManagement $2,750 · Fundraising $550$3,300
IX-11g Other fees for servicesPrograms $5,875 · Management $3,651 · Fundraising $609$10,135
IX-12 Advertising and promotionPrograms $2,469 · Management $2,798 · Fundraising $215$5,482
IX-13 Office expensesPrograms $402 · Management $4,710 · Fundraising $1,790$6,902
IX-16 OccupancyPrograms $205 · Management $4,454 · Fundraising $5,218$9,877
IX-22 Depreciation, depletion and amortizationPrograms $7,611 · Management $30,444$38,055
IX-23 InsuranceManagement $4,087$4,087
IX-24 Other expenses (24a–d)Programs $49,703 · Management $13,431 · Fundraising $12,976$76,110
IX-24e All other expensesPrograms $568 · Management $3,077$3,645
IX-25 Total functional expensesPrograms $86,939 · Management $149,827 · Fundraising $21,358$258,124
Part X · Balance sheet $1,380,008 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $38,083$109,998
X-3 Pledges and grants receivableStart of year $19,660$2,235
X-10c Land, buildings and equipment, netStart of year $1,104,388$1,066,333
X-11 Publicly traded securitiesStart of year $145,827$201,442
X-16 Total assetsStart of year $1,307,958$1,380,008
X-17 Accounts payable and accrued expensesStart of year $6,635$4,653
X-18 Grants payableStart of year $8,974$27,445
X-26 Total liabilitiesStart of year $15,609$32,098
X-27 Net assets without donor restrictionsStart of year $1,185,929$1,215,543
X-28 Net assets with donor restrictionsStart of year $106,420$132,367
X-32 Total net assets or fund balancesStart of year $1,292,349$1,347,910
X-33 Total liabilities and net assetsStart of year $1,307,958$1,380,008
Part XI · Reconciliation of net assets $1,347,910 net assets at year end
XI-1 Total revenue$313,685
XI-2 Total expenses$258,124
XI-3 Revenue less expenses$55,561
XI-4 Net assets at start of year$1,292,349
XI-10 Net assets at end of year$1,347,910

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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