Lowry Fam Foundation
- Assets
- $198.6k
- Revenue
- $46.7k
- Investments
- $197.0k
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 04-6926668
Organization Overview
Lowry Fam Foundation is located in Huntsville, AL. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowry Fam Foundation 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 12/2021, Lowry Fam Foundation generated $46.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $47.9k during the year ending 12/2021. While expenses have increased by 20.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lowry Fam Foundation has awarded 46 individual grants totaling $175,157. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY PURPOSE IS GIVING TO NON-PROFIT ORGANIZATIONS WHICH INCLUDE COMMUNITY INVOLVEMENT AND THE BETTERMENT OF HUMANITY. DONATIONS ARE MADE TO APPROXIMATELY 50-60 ORGANIZATIONS ANNUALLY OF LESS THAN 1,000 DONATED TO MOST ORGANIZATIONS. DONATIONS GREATER THAN 1,000 ARE LISTED SEPERATELY ON PART XIV OF THE 990PF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Rozelle Trustee | 0 | $0 | |
Sarah Fasoldt Trustee | 0 | $0 | |
Amy Poole Trustee | 0 | $0 | |
Samuel Lowry Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,427 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,293 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $779 |
| Contributions, gifts, grants paid | $47,145 |
| Total expenses and disbursements | $47,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,692 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $198,642 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lowry Fam Foundation has awarded $47,145 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB PURPOSE: COMMUNITY | $28,300 |
VARIOUS UNDER 100000 PURPOSE: COMMUNITY | $6,495 |
Santa Cruz, CA PURPOSE: COMMUNITY | $4,000 |
FRAGMENT SOCIETY PURPOSE: COMMUNITY | $2,250 |
ACLU ALABAMA PURPOSE: COMMUNITY | $2,100 |
HUNTSVILLE SYMPHONY ORCHESTRA PURPOSE: COMMUNITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |