Lowell Alumni Association

Organization Overview

Lowell Alumni Association is located in San Francisco, CA. The organization was established in 1984. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Lowell Alumni Association 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 06/2022, Lowell Alumni Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 8.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE LOWELL ALUMNI ASSOCIATION MAINTAINS AND ENHANCES RELATIONSHIPS THAT SERVE AND SUPPORT OUR ALUMNI, STUDENTS, SCHOOL AND THE LOWELL COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUDGET CRISIS FUNDING - IN RESPONSE TO SEVERE BUDGET CUTS AT LOWELL HIGH SCHOOL IMPOSED BY THE SAN FRANCISCO UNIFIED SCHOOL DISTRICT (SFUSD) THAT THREATENED THE REDUCTION OR ELIMINATION OF MANY CRITICAL ACADEMIC PROGRAMS AND STUDENT SUPPORT SERVICES (COUNSELING, LIBRARY ACCESS, ETC.), THE LOWELL ALUMNI ASSOCIATION PROVIDED $553,727 IN SUPPLEMENTAL FUNDS TO THE SFUSD TO OFFSET A SIGNIFICANT PORTION OF THE THREATENED BUDGET CUTS. THIS EMERGENCY GRANT WAS FUNDED LARGELY FROM OUR LONG-STANDING RESERVE FUND. THE LOWELL PTSA CONTRIBUTED AN ADDITIONAL $300,000 TO THIS EFFORT.


SCHOLARSHIPS/AWARDS - IN APRIL OF EACH YEAR, THE LOWELL ALUMNI ASSOCIATION SOLICITS APPLICATIONS FOR OUR COLLEGE SCHOLARSHIP PROGRAM FROM GRADUATING SENIORS. OUR SCHOLARSHIP COMMITTEE THEN REVIEWS THOSE APPLICATIONS, CONDUCTS INTERVIEWS AND MAKES FINAL SELECTIONS OF RECIPIENTS IN MAY. ALTHOUGH SCHOLARSHIP AWARDS ARE ANNOUNCED IN MAY, WE DONT PAY COLLEGE SCHOLARSHIPS UNTIL RECIPIENTS ENROLL IN COLLEGE AND PROVIDE US WITH PROOF OF ENROLLMENT. GIVEN OUR JUNE 30 FISCAL YEAR-END, THAT MEANS WE AWARD SCHOLARSHIPS IN ONE FISCAL YEAR BUT ACTUALLY MAKE PAYMENT IN THE NEXT YEAR. OUR PAST PRACTICE WAS TO REPORT SCHOLARSHIPS IN THE FISCAL YEAR PAYMENT WAS MADE, BUT OUR AUDITOR HAS RECOMMENDED THAT WE REPORT SCHOLARSHIPS IN THE FISCAL YEAR THEY ARE AWARDED AND THEN SHOW THOSE AMOUNTS AS ACCOUNTS PAYABLE. FISCAL YEAR 2021-22 MARKS OUR FIRST YEAR OF USING THAT PROCESS, WHICH MEANS OUR SCHOLARSHIP EXPENSES ARE ROUGHLY DOUBLE THE NORMAL AMOUNT BECAUSE THIS YEARS TOTAL INCLUDES SCHOLARSHIPS AWARDED IN MAY 2021 (BUT PAID OUT DURING FISCAL YEAR 2021-22) AS WELL AS SCHOLARSHIPS AWARDED IN MAY 2022.WE AWARDED 113 COLLEGE SCHOLARSHIPS AMOUNTING TO MORE THAN $230,000 IN MAY 2021 AND ANOTHER 102 COLLEGE SCHOLARSHIPS TOTALING OVER $250,000 IN MAY 2022. WE ALSO PROVIDED OVER $7,000 IN ADVANCED PLACEMENT EXAM FEE SUBSIDIES TO 60 STUDENTS WITH FINANCIAL NEED IN MAY 2022 AND SPECIAL ACADEMIC AWARDS (VICKI CHIN WRITING AWARD AND IVAN BARKER MATH AWARD) TOTALING $5,000 TO SIX STUDENTS IN MAY 2022.


GRANTS PROGRAM/DESIGNATED GIFTS - TWICE EACH YEAR, WE SOLICIT GRANT REQUESTS FROM LOWELL FACULTY, STAFF AND COACHES TO FUND PROJECTS THAT SUPPLEMENT LOWELL HIGH SCHOOL'S ACADEMIC AND EXTRACURRICULAR PROGRAMS. OUR GRANT COMMITTEE EVALUATES THE REQUESTS AND MAKES FUNDING RECOMMENDATIONS TO THE LAA BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL.THANKS TO OUR ANNUAL GRANTS PROGRAM AND GENEROUS DESIGNATED GIFTS WE HAVE RECEIVED, WE WERE ABLE TO FUND A WIDE VARIETY OF PROJECTS DURING FISCAL YEAR 2021-22 INCLUDING SUPPORT FOR LOWELL'S ROBOTICS TEAM ($45,507); UPGRADED TECHNOLOGY FOR THE NEWLY-RENOVATED SCHOOL LIBRARY ($27,857); LOWELL SCIENCE RESEARCH PROGRAM ($12,500); JROTC PROGRAM ($9,911); NEW DIGITAL PIANOS ($6,240); AND CALIFORNIA POETS IN THE SCHOOLS PROGRAM ($5,400).ADDITIONALLY, WE HAVE EXPANDED OUR EFFORTS TO MAKE IMPORTANT STUDENT EVENTS ACCESSIBLE TO ALL STUDENTS BY SPONSORING THE SENIOR PICNIC TO MAKE IT FREE TO ALL STUDENTS ($16,778); PROVIDING YEARBOOKS TO SENIORS WITH FINANCIAL NEED ($8,500); AND SUBSIDIZING TICKETS TO THE JUNIOR PROM, SENIOR BOAT DANCE AND SENIOR PROM ($13,481).


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Board, Officers & Key Employees

Name (title)Compensation
Terence Abad
Executive Dir.
$79,045
Kate Lazarus
President
$0
Anita Payton
Secretary
$0
Bill Black
Director
$0
Leon Blum
Director
$0
Evelyn Jones
Director
$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$623,773
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$623,773
Total Program Service Revenue$11,220
Investment income $325,272
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $133,802
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $121
Miscellaneous Revenue$0
Total Revenue $1,098,988

Peer Organizations

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$13,210,378
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$9,703,394
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$2,136,700
Oregon State University Alumni Association Inc O S U
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University Of Arizona Alumni Association
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$3,295,631
Arizona State University Alumni Association
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$2,397,396
Ucla Alumni Association
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$2,714,416
Alumni Association School Of Medicine Loma Linda University
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$2,784,896
Portland State University Alumni Association
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$742,849
California Aggie Alumni Association
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$1,667,455
Alumni Association Of The University Of Oregon
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$1,263,486
Academy Services Corporation
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$1,612,767
Uci Alumni Association
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$1,480,380
Lowell Alumni Association
San Francisco, CA
$1,098,988
Bitsaa International Inc
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California State University
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Point Loma High School Pointer Association
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University Of Nevada Las Vegas Alumni Association Inc
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Beta Omega Alumnae Association
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Whale Beach Foundation
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$2,812
Chung Yuan Christian University Development Foundation-North Ameri
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$517,952
Indian Schools Alumni And Friends Insaf
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Pi Kappa Phi Alumni Association
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Leo Foundation
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Ucsb Alumni Association
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