Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
39 people listed on the 990; $15K paid to officers and key staff.
Terence Abad’s $15K as Executive Dir. is at the 12th percentile of top reported officer pay among 1613 $100K–1M education 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.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Terence Abad | $15,121 | $46,296 | $84,345 | $79,045 | $62,458 | $67,919 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Lowell Alumni Association executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Connects alumni, students, school, and community to foster support and enhance relationships.
Questions for Lowell Alumni Association
Your first name shows with your question. Lowell Alumni Association answers here, for everyone.
Grants Program/AwardsTwice each year, we solicit grant requests from Lowell faculty, staff and coaches to fund projects that supplement Lowell High Schools academic and extracurricular programs.
ScholarshipsEach year, the Lowell Alumni Association solicits applications for our college scholarship program from graduating seniors. Our Scholarship Committee then reviews those applications, conducts interviews and makes final selections of recipients in May.
Programs ServicesThe Lowell Alumni Association communicates regularly with our more than 33,000 alumni, former faculty and other friends of Lowell High School. We also supported and facilitated a significant number of class reunions this fiscal.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $6.1M | $5.8M | $4.8M | $4.9M | $4.7M |
| Given inLn 1b | $34K | $235K | $80K | $179K | $73K |
| SpentLn 1d–1f | $390K | $250K | $248K | $449K | $196K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $672K | $436K |
| InvestmentsLn 11–13 | $7.8M | $8.7M |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $8.4M | $9.1M |
| LiabilitiesLn 26 | $332K | $452K |
| Net assetsLn 32 | $8.1M | $8.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $342K | $342K | ||
| Grants to domestic individualsLn 2 | $254K | $254K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $80K | $16K | $48K | $16K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $6K | $1K | $4K | $1K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $8K | $8K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $79K | $10K | $15K | $55K |
| Advertising and promotionLn 12 | $174 | $174 | ||
| Office expensesLn 13 | $24K | $3K | $16K | $4K |
| Information technologyLn 14 | $25K | $25K | ||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $68K | $66K | $2K | |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $892K | $718K | $97K | $76K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 15, 2026 | $809K | $892K | −$82K | $8.7M | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $1.9M | $924K | $936K | $8.1M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $1.4M | $704K | $669K | $7.3M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $1.1M | $1.5M | −$415K | $6.2M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $787K | $720K | $66K | $7.8M | 990 PDF |
| FY2020Filed with the IRS May 14, 2021 | $865K | $1.2M | −$378K | $6.8M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $809,074 revenue, 12 lines filed
Part VI · Governance 30 of 30 board members independent, 4 to look at
Part VIII · Statement of revenue $809,074 across 11 lines filed
Part IX · Statement of functional expenses $891,548 across 31 lines filed
Part X · Balance sheet $9,116,031 assets, 23 lines filed
Part XI · Reconciliation of net assets $8,664,133 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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