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Lowell Makes FY2021 filing

Tax-deductible

Lowell, MA501(c)(3)Arts & Culture EIN 46-2789844Revenue $508K in FY2021

On file with the IRSlowellmakes.com130 Western Ave, 01851-1434 · Lowell, MATax-exempt since Jun 2014Publicly supported — 509(a)(2)

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Lowell Makes is a collection of open workshops and laboratories where members and students can collaborate to learn, share, and hone crafts of all kinds. The focus is on providing a space for education, entrepreneurship, and engagement with the community of Lowell, massachusetts.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $71K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$508K
+46% vs prior year
Spent
$379K
To programs
72%
Net assets
$304K
By yearFY2020–FY2024
Revenue
$508K
FY2021▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$347K
FY2021$508K
FY2022$408K
FY2023$395K
FY2024$379K
Expenses
$379K
FY2021▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020$241K
FY2021$379K
FY2022$347K
FY2023$334K
FY2024$379K
Net assets
$304K
FY2021▲ +73%
Tap a bar for its year
Net assets by fiscal year
FY2020$175K
FY2021$304K
FY2022$365K
FY2023$426K
FY2024$448K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Jun 2014.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $272K Management & general 28% · $107K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
John Noto
Treasurer
$0Pt VII · Sec A
Eric Sack
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Christy Matte’s $37K as Secretary (from 8/2022) is at the 32nd percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Provides open workshops and labs for learning, sharing, and honing crafts, fostering education and community engagement.

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Provided by the organization

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1 program · $272K · in their own filed words · FY2021
01

Host workshops and provide a space for individuals to hone skills in art, engineering, and innovation in lowell, ma and surrounding areas.

$272Kprogram 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 · FY2024
Luck Charitable TrustFY2024$1K
Pfizer Foundation INCFY2024$50
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$508K
Ln 12
Gifts and grantsLn 1h$281K
Fees for servicesLn 2g$129K
Other incomeLn 4–11$98K
Money outPt IX
$379K
Ln 25
Programscol B$272K
Managementcol C$107K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$281K
Government grantsLn 1e$88K
Noncash giftsLn 1g$34K
Fees for servicesLn 2g$129K
Investment incomeLn 3$3
Other incomeLn 4–11$98K
Total revenueLn 12$508K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$9K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.8M
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$21K$80K
Land, buildings, equipmentLn 10c$1.9M$2.0M
Total assetsLn 16$1.9M$2.1M
LiabilitiesLn 26$1.7M$1.8M
Net assetsLn 32$175K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$523$523
OccupancyLn 16$123K$123K
InterestLn 20$55K$55K
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$110K$75K$35K
Total functional expensesLn 25$379K$272K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $379K$379K−$552$448K 990 PDF
FY2023 $395K$334K$61K$426K 990 PDF
FY2022 $408K$347K$61K$365K 990 PDF
FY2021 Viewing $508K$379K$128K$304K 990 PDF
FY2020 $347K$241K$107K$175K 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 M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $507,546 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $233,493$281,233
I-9 Program service revenuePrior year $74,210$128,503
I-10 Investment incomePrior year −$22,512$3
I-11 Other revenuePrior year $62,207$97,807
I-12 Total revenuePrior year $347,398$507,546
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 fees$0
I-17 Other expensesPrior year $240,649$379,075
I-18 Total expensesPrior year $240,649$379,075
I-19 Revenue less expensesPrior year $106,749$128,471
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $507,546 across 10 lines filed
VIII-1b Membership dues$117,216
VIII-1e Government grants$88,000
VIII-1f All other contributions, gifts and grants$76,017
VIII-1g Noncash contributions (included above)$34,404
VIII-1h Total contributions, gifts and grants$281,233
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,503$128,503
VIII-3 Investment incomeExcluded from tax $3$3
VIII-6 Net rental income or lossUnrelated business $37,615 · Excluded from tax $59,327$96,942
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $865$865
VIII-12 Total revenueRelated to mission $128,503 · Unrelated business $37,615 · Excluded from tax $60,195$507,546
Part IX · Statement of functional expenses $379,075 across 9 lines filed
IX-11b Legal feesManagement $3,314$3,314
IX-11c Accounting feesManagement $13,422$13,422
IX-11g Other fees for servicesPrograms $4,181$4,181
IX-12 Advertising and promotionPrograms $523$523
IX-16 OccupancyPrograms $122,687$122,687
IX-20 InterestManagement $55,292$55,292
IX-22 Depreciation, depletion and amortizationPrograms $48,820$48,820
IX-23 InsurancePrograms $21,130$21,130
IX-24 Other expenses (24a–d)Programs $74,561 · Management $35,145$109,706
IX-25 Total functional expensesPrograms $271,902 · Management $107,173 · Fundraising $0$379,075
Part X · Balance sheet $2,073,289 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $21,012$80,022
X-10c Land, buildings and equipment, netStart of year $1,873,928$1,983,937
X-15 Other assetsStart of year $3,032$9,330
X-16 Total assetsStart of year $1,899,109$2,073,289
X-17 Accounts payable and accrued expensesStart of year $33$35,000
X-19 Deferred revenueStart of year $10,668$23,006
X-24 Unsecured notes and loans payableStart of year $1,705,596$1,704,000
X-25 Other liabilitiesStart of year $7,607$7,607
X-26 Total liabilitiesStart of year $1,723,904$1,769,613
X-27 Net assets without donor restrictionsStart of year $175,205$303,676
X-32 Total net assets or fund balancesStart of year $175,205$303,676
X-33 Total liabilities and net assetsStart of year $1,899,109$2,073,289
Part XI · Reconciliation of net assets $303,676 net assets at year end
XI-1 Total revenue$507,546
XI-2 Total expenses$379,075
XI-3 Revenue less expenses$128,471
XI-4 Net assets at start of year$175,205
XI-10 Net assets at end of year$303,676

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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