Lowe Ii Foundation Inc
- Assets
- $2.4m
- Revenue
- $123.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 12/1999
- Data as of
- 06/2023
- EIN
- 22-3657229
Organization Overview
Lowe Ii Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Lowe Ii Foundation 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 06/2023, Lowe Ii Foundation Inc generated $123.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $217.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lowe Ii Foundation Inc has awarded 92 individual grants totaling $1,063,175. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Hauben Director | 0.25 | $0 | |
Laurie Meacham Director | 0.25 | $0 | |
Jeri Goetz Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,213 |
| Interest on Savings | $12,354 |
| Dividends & Interest | $77,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,046 |
| Capital Gain Net Income | $29,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $30,734 |
| Contributions, gifts, grants paid | $186,500 |
| Total expenses and disbursements | $217,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,118 |
| 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 | $105,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $851 |
| Total assets | $2,360,319 |
| 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, Lowe Ii Foundation Inc has awarded $186,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BIKES FOR TYKES PURPOSE: TO AID COMMUNITY SUPPORT | $1,000 |
BOYS & GIRLS CLUB PURPOSE: TO AID COMMUNITY SUPPORT | $6,000 |
CFACT PURPOSE: TO AID ENVIRONMENTAL WALFARE SUPPORT | $40,000 |
FLORIDA KIWANIS FOUNDATION INC PURPOSE: TO AID COMMUNITY SUPPORT | $1,000 |
FIRST STATE PICKLEBALL CLUB INC PURPOSE: TO AID COMMUNITY SUPPORT | $26,000 |
TEMPLE UNIVERSITY LEWIS KATZ SCHOOL OF MEDICINE PURPOSE: TO AID COMMUNITY SUPPORT | $25,000 |