Lowell Sun Charities Inc
- Assets
- $244.7k
- Revenue
- $236.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Lowell, MA
- Founding
- 02/1949
- Data as of
- 06/2022
- EIN
- 04-6004936
Organization Overview
Lowell Sun Charities Inc is located in Lowell, MA. The organization was established in 1949. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Lowell Sun Charities Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell Sun Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lowell Sun Charities Inc generated $236.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $254.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lowell Sun Charities Inc has awarded 36 individual grants totaling $369,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR CHARITABLE CAUSES AS WELL AS NEEDY FAMILIES IN THE GREATER LOWELL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD AND PERSONAL ITEMS TO NEEDY FAMILIES IN THE GREATER LOWELL AND MERRIMACK VALLEY AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Coughlin President | OfficerTrustee | 15 | $20,000 |
Marc Grasso Treasurer | OfficerTrustee | 5 | $0 |
Kevin Corrado Clerk | OfficerTrustee | 5 | $0 |
Liz Leddy Director | Trustee | 2 | $0 |
Michael Sheehan Director-Non Voting | Trustee | 1 | $0 |
Charles B Castleberry Director-Non Voting | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,563 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,959 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$73,724 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,604 |
| Grants and other assistance to domestic individuals. | $113,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,948 |
| Office expenses | $3,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,276 |
| Total functional expenses | $254,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $243,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,676 |
| Accounts payable and accrued expenses | $5,992 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,992 |
| Net assets without donor restrictions | $238,684 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $244,676 |
Grants Awarded
Over the last fiscal year, Lowell Sun Charities Inc has awarded $79,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Lowell, MA PURPOSE: TO ASSIST FAMILIES AND COMMUNITY BASED NON-PROFIT ORGANIZATIONS | $20,500 |
Lowell, MA PURPOSE: TO ASSIST FAMILIES AND COMMUNITY BASED NON-PROFIT ORGANIZATIONS | $20,000 |
Lowell, MA PURPOSE: TO ASSIST FAMILIES AND COMMUNITY BASED NON-PROFIT ORGANIZATIONS | $12,500 |
Littleton, MA PURPOSE: TO ASSIST FAMILIES AND COMMUNITY BASED NON-PROFIT ORGANIZATIONS | $10,000 |
Dracut, MA PURPOSE: TO ASSIST FAMILIES AND COMMUNITY BASED NON-PROFIT ORGANIZATIONS | $6,500 |
Dracut, MA PURPOSE: TO ASSIST FAMILIES AND COMMUNITY BASED NON-PROFIT ORGANIZATIONS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lowell Sun Charities Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
We Share A Common Thread Foundation Inc Lowell, MA PURPOSE: EXEMPT PURPOSES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Rhode Island Inc Providence, RI | $29,334,248 | $23,014,896 |
Syracuse Community Health Center Inc Syracuse, NY | $18,630,162 | $24,795,455 |
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |