Barry W Lowe And Karen Sue Lowe Foundation For Education
- Assets
- $1.6m
- Revenue
- $140.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Bartlesville, OK
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-6741532
Organization Overview
Barry W Lowe And Karen Sue Lowe Foundation For Education is located in Bartlesville, OK. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barry W Lowe And Karen Sue Lowe Foundation For Education 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 12/2022, Barry W Lowe And Karen Sue Lowe Foundation For Education generated $140.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $147.4k during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 5 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 2018, Barry W Lowe And Karen Sue Lowe Foundation For Education has awarded 40 individual grants totaling $391,875. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER EDUCATION FOR UNDERPRIVILEDGED CHILDREN AND GRANTS FOR TEACHERS FOR USE IN THE CLASSROOM
TRI COUNTY SCHOLARSHIPS, OKLAHOMA WESLEYAN UNIVERSITY AND ROGERS STATE UNIVERSITY CONCURRENT ENROLLMENT TO FURTHER THEIR COLLEGE WHILE STILL IN HIGH SCHOOL
TUTORING OF CHILDREN TO ASSIST IN PASSING STATE MANDATED TESTS, THUS TRANSITIONING FROM ONE GRADE TO THE NEXT GRADE, BOOKS FOR ME PROGRAM, RUBRIC AND THE COTTAGE
BARTLESVILLE PUBLIC SCHOOLS FOR CLASSROOM FURNITURE, STEAM PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Jordan Chairman | 0.5 | $0 | |
Brittany Hess Member | 0.25 | $0 | |
Karen Lowe-Alton Treasurer | 0.5 | $0 | |
Dana Jordan Member | 0.5 | $0 | |
David Austin Member | 0.25 | $0 | |
Anna Short Secretary | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,292 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,990 |
| Capital Gain Net Income | $96,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,307 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,886 |
| Total operating and administrative expenses | $23,398 |
| Contributions, gifts, grants paid | $124,000 |
| Total expenses and disbursements | $147,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $51,171 |
| 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 | $1,619,814 |
| 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, Barry W Lowe And Karen Sue Lowe Foundation For Education has awarded $124,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BARTLESVILLE EDUCATION PROMISE-READING & TUTORING PURPOSE: ASSIST TEACHERS WITH READING AND OTHER TUTORING OF THE BARTLESVILLE SCHOOLS | $5,000 |
BARTLESVILLE EDUCATION PROMISE-STEM SUMMER CAMP PURPOSE: PROVIDE FUNDING FOR THE FIRST SEMESTER STEAM PROGRAM | $5,000 |
BARTLESVILLE PUBLIC SCHOOLS PURPOSE: TEACHER GRANTS | $5,000 |
CANEY VALLEY PUBLIC SCHOOLS PURPOSE: MATH MANIPULATES PROGRAM | $6,000 |
LOWE FAMILY YOUNG SCHOLARS PURPOSE: OPERATING EXPENSES FOR THE ORGANIZATION | $45,000 |
BARTLESVILLE EDUCATION PROMISE-STEM LEADERSHIP PURPOSE: PROVIDE THE FUNDING FOR THE STEAM LEADERSHIP SUMMER CAMP | $5,000 |