Lowell Makes
- Assets
- $1.9m
- Revenue
- $347.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 06/2014
- Data as of
- 12/2020
- EIN
- 46-2789844
Organization Overview
Lowell Makes is located in Lowell, MA. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell Makes 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 12/2020, Lowell Makes generated $347.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $240.6k during the year ending 12/2020. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LOWELL MAKES IS A COLLECTION OF OPEN WORKSHOPS AND LABORATORIES WHERE MEMBERS AND STUDENTS CAN COLLABORATE TO LEARN, SHARE, AND HONE CRAFTS OF ALL KINDS. THE FOCUS IS ON PROVIDING A SPACE FOR EDUCATION, ENTREPRENEURSHIP, AND ENGAGEMENT WITH THE COMMUNITY OF LOWELL, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST WORKSHOPS AND PROVIDE A SPACE FOR INDIVIDUALS TO HONE SKILLS IN ART, ENGINEERING, AND INNOVATION IN LOWELL, MA AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Burdett President | OfficerTrustee | 30 | $0 |
John Noto Treasurer | OfficerTrustee | 30 | $0 |
James Saunders Secretary | OfficerTrustee | 2 | $0 |
Stacie Hargis Director | Trustee | 2 | $0 |
Eric Sack Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,493 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,096 |
| Net Gain/Loss on Asset Sales | -$22,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,335 |
| Fees for services: Accounting | $5,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,894 |
| Advertising and promotion | $1,183 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,870 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,517 |
| Insurance | $14,326 |
| All other expenses | $0 |
| Total functional expenses | $240,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,032 |
| Total assets | $1,899,109 |
| Accounts payable and accrued expenses | $33 |
| Grants payable | $0 |
| Deferred revenue | $10,668 |
| 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 | $1,705,596 |
| Other liabilities | $7,607 |
| Total liabilities | $1,723,904 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $175,205 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lowell Makes has recieved totaling $6,810.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,560 |
We Share A Common Thread Foundation Inc Lowell, MA PURPOSE: EXEMPT PURPOSES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Partnership Inc Boston, MA | $5,653,072 | $4,577,511 |
Multicultural Aids Coalition Inc Roxbury, MA | $1,116,469 | $3,034,089 |