EIN 04-2052723

Independent University Alumni Association at Lowell

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Year formed
1947
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Independent University Alumni Association at Lowell is a private foundation nonprofit that primarily funds scholarships for university students. They provide annual scholarships to university students, and their purpose is to provide scholarships and grants to university students as a gift to the University of Massachusetts Foundation for scholarships to be provided. Grantees of the association include University Of Massachusetts Foundation Inc and others. The association made two grants last year and is located in Lowell, MA.
Total revenues
$284,157
2023
Total expenses
$328,589
2023
Total assets
$9,120,997
2023
Num. employees
1
2023

Program areas at Independent University Alumni Association at Lowell

Providing scholarships to individuals attending the University of Massachusetts Lowell who otherwise might not have the financial means to attend college. Approximately 74 scholarships and awards were disbursed while also providing 9 grants to the University's college of management, engineering, music and psychology departments.
These expenses help the Alumni Association maintain staffing and communications between University faculty, Alumni and the current student population. The Alumni staff communicates with Alumni through newsletters and mailing, along with conducting various social events. The Association also provides short term loans to students in need.
Scholarships and grants provided to University students
University of Massachusetts foundation for scholarships to be provided to University students
Paid grants for current University students
Paid scholarships for current University students
Fees paid for management of endowment; returns fund scholarships

Grants made by Independent University Alumni Association at Lowell

GranteeGrant descriptionAmount
University of Massachusetts FoundationProvide Annual Scholarships To University Students$150,000

Personnel at Independent University Alumni Association at Lowell

NameTitleCompensation
Margaret ShanahanExecutive Director$53,840
Kevin D ShanahanPresident$0

Financials for Independent University Alumni Association at Lowell

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,298
Investment income and dividends$280,404
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$455
Total revenues$284,157

Form 990s for Independent University Alumni Association at Lowell

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-04990PFView PDF
2022-062023-05-03990PFView PDF
2021-062021-10-19990PFView PDF
2020-062021-06-11990PFView PDF
2019-062020-01-16990PFView PDF
...and 10 more Form 990s
Data update history
July 22, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 3, 2023
Updated personnel
Identified 5 new personnel
July 1, 2023
Used new vendors
Identified 1 new vendor, including
June 29, 2023
Posted financials
Added Form 990PF for fiscal year 2021
May 18, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
MembershipsProvides grantsPartially liquidatedState / local levelProvides scholarshipsTax deductible donations
General information
Address
PO Box 242
Lowell, MA 01853
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
Website URL
iuaal.wordpress.com/about/ 
Phone
(978) 934-6530
IRS details
EIN
04-2052723
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
1947
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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