Mike Lowell Foundation Inc
- Assets
- $426.1k
- Revenue
- -$26.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 65-1154182
Organization Overview
Mike Lowell Foundation Inc is located in Coral Gables, FL. The organization was established in 2002. According to its NTEE Classification (V12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mike Lowell 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO RAISE AND DONATE MONEY TO OTHER TAX EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING MEMORABLE EXPERIENCES THAT HAVE A DIRECT IMPACT ON MAKING THE DAILY LIVES OF PATIENTS, ESPECIALLY THOSE DEALING WITH CANCER, HAPPIER AND LESS STRESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Lowell President | Trustee | 1 | $0 |
Bertha Lowell Vice President | Trustee | 1 | $0 |
Garo Friguls Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$26,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $8,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,736 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $409,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $426,127 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $426,127 |
| 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 | $426,127 |
Grants Awarded
Over the last fiscal year, Mike Lowell Foundation Inc has awarded $131,650 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE RED SOX FOUNDATION PURPOSE: PROGRAM SUPPORT | $15,000 |
EPIPHANY CATHOLIC SCHOOL PURPOSE: PROGRAM SUPPORT | $100,000 |
JUNTOS Y UNIDOS POR PUERTO RICO INC PURPOSE: PROGRAM SUPPORT | $16,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kanakia Foundation Green Cove Springs, FL | $747,213 | $989,895 |
Neighbors Helping Neighbors Inc Greensboro, GA | $138,230 | $281,331 |
Haskell Family Foundation Birmingham, AL | $25,044 | -$68,241 |
Mike Lowell Foundation Inc Coral Gables, FL | $426,127 | -$26,217 |
Merlin Mercury Non Profit Foundation Palm Beach Gardens, FL | $6,385 | $0 |
Goodwill Industries Big Bend Foundation Inc Tallahassee, FL | $3,466,046 | $0 |