LOWELL FESTIVAL FOUNDATION

LOWELL, MA, 01853-0217 (978) 275-1764 Est. 1974 EIN 04-2578293
A200— Arts, Culture & Humanities Form 990 501(c)(3)
WWW.LOWELLSUMMERMUSIC.ORG

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO ENCOURAGE CHARITABLE, CIVIC AND EDUCATIONAL ACTIVITIES BY BUSINESS AND INDIVIDUALS IN THE CITY OF LOWELL, MASSACHUSETTS THROUGH ENTERTAINMENT AND FESTIVAL ACTIVITIES.

Giving Portfolio

Total Grants
2
Total Giving
$241K
Recipients
2
Years Active
2018 - 2019
Avg grant: $120,701 Median: $120,701

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20191$116K $116K01
20181$126K $126K10

Top States

Massachusetts
2

Grantee Size Profile

$500K - $1M
2

Top Grantees

Grants Awarded · 2 grants

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Financials

Total Revenue
$1,824,172
Total Expenses
$1,949,382
Net Assets
$562,947
50 employees 1,896 volunteers
From latest filing (tax period ending 2024-04-30)

Financial Health

Operating Reserve
3.5 months Adequate
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 19.3%
Expenses ↑ 25.5%
Revenue Sources
Contributions 28.3% Earned revenue 67.1% Investment 0.1% Other 5.0%
Expense Breakdown
Program 88.6% Management 8.6% Fundraising 2.7%

Officers & Trustees (6)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Filing History (5 filings)

YearRevenueExpensesNet Assets
2023 Form 990$1,824,172 $1,949,382$562,947
2022 Form 990$1,529,587 $1,552,966$617,257
2020 Form 990$126,924 $209,775$145,367
2019 Form 990$1,438,881 $1,531,550$228,218
2018 Form 990$1,745,147 $1,867,300$320,887

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EIN: 04-2578293 · Source: IRS Form 990 e-file data