Bill And Suzanne Lowe Family Foundation
- Assets
- $440.1k
- Revenue
- $83.1k
- Investments
- $356.1k
- Employees
- 0
- Location
- High Point, NC
- Founding
- Data as of
- 06/2023
- EIN
- 85-4115715
Organization Overview
Bill And Suzanne Lowe Family Foundation is located in High Point, NC. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bill And Suzanne Lowe Family Foundation 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, Bill And Suzanne Lowe Family Foundation generated $83.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (40.8%) each year. All expenses for the organization totaled $25.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Lowe Jr President | 2 | $0 | |
Suzanne Wood Lowe Treasurer And Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $49 |
| Dividends & Interest | $12,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,040 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $294 |
| Total operating and administrative expenses | $3,094 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $25,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,801 |
| Savings and temporary cash investments | $5,156 |
| 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 | $440,072 |
| 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, Bill And Suzanne Lowe Family Foundation has awarded $22,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RED CROSS PURPOSE: ASSIST RED CROSS IN DISASTER EFFORTS. THE RED CROSS IS A NONPROFIT ORGANIZATION | $15,000 |
GUILD OF FAMILY SERVICE PURPOSE: FURTHERANCE AND SUPPORT OF FAMILY SERVICE ACTIVITIES FOR INDIVIDUALS IN THE COMMUNITY | $2,500 |
FAMILY SERVICE OF THE PIEDMONT PURPOSE: SUPPORT FOR ACTIVITIES OF FAMILY SERVICE AND NAME RECOGNITION | $5,000 |