Mike Lowell Foundation Inc
- Assets
- $426.1k
- Revenue
- $72.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 07/2002
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Mike Lowell Foundation Inc generated $72.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $35.4k during the year ending 12/2021. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Garo Friguls Treasurer | Trustee | 1 | $0 |
Bertha Lowell Vice Preside | Trustee | 1 | $0 |
Mike Lowell President | 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 | $8,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,900 |
| 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 | $35,364 |
| 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 |
|---|---|
Miami, FL PURPOSE: PROGRAM SUPPORT | $100,000 |
San Juan, PR PURPOSE: PROGRAM SUPPORT | $16,650 |
Boston, MA PURPOSE: PROGRAM SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mike Lowell Foundation Inc has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
Bared Family Foundation Inc Palmetto Bay, FL PURPOSE: CHARITABLE DONATION | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project South The Institution For The Elimination Poverty & Genocide Atlanta, GA | $27,866,929 | $28,428,472 |
Foundation For Economic Education Inc Atlanta, GA | $13,111,057 | $7,371,269 |
Nbcc Foundation Inc Greensboro, NC | $2,402,296 | $5,471,399 |
Ludwig Von Mises Institute For Austrian Economics Inc Auburn, AL | $45,587,383 | $8,440,639 |
Life Sciences Research Foundation Charlotte, NC | $3,832,665 | $3,418,112 |
Imagine North Carolina First Raleigh, NC | $1,746,999 | $4,219,239 |
Concerned African Women Inc Miami, FL | $487,805 | $2,044,732 |
Institute For Child Success Inc Greenville, SC | $2,517,388 | $2,842,292 |
William R Kenan Jr Fund For Eng Technology And Science Chapel Hill, NC | $28,890,222 | $1,436,534 |
South Carolina Science Academy Columbia, SC | $370,942 | $1,578,757 |
National Institute Of Statistical Sciences Research Triangle Park, NC | $6,618,001 | $1,740,149 |
William R Kenan Jr Fund For Ethics Chapel Hill, NC | $21,384,430 | $1,093,900 |