Civic Intelligence

Independent University Alumni Association at Lowell Inc.

990 • Fiscal year 2013 • EIN 04-2052723

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 09, 2013

Organization ProfileWWW.IUAAL.ORG
PO Box 242Lowell, MA 01853
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

77th percentile

13%

Faster asset growth than 77% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$6,730,820

Up $781,952 (+13%) from 2012

Net Assets

Up

$6,718,911

Up $783,608 (+13%) from 2012

Liabilities

Down

$11,909

Down $1,656 (-12%) from 2012

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin79th percentile

Revenue

$307,861

No earlier filing loaded for comparison.

Expenses

Down

$239,495

Down $5,455 (-2.2%) from 2012

Net Income

$68,366

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $5,739,468Liabilities 2011: $11,055Net Assets 2011: $5,728,4132011Assets 2012: $5,948,868Liabilities 2012: $13,565Net Assets 2012: $5,935,3032012Assets 2013: $6,730,820Liabilities 2013: $11,909Net Assets 2013: $6,718,9112013Assets 2014: $8,332,486Liabilities 2014: $11,590Net Assets 2014: $8,320,8962014Assets 2015: $7,922,131Liabilities 2015: $13,501Net Assets 2015: $7,908,6302015Assets 2016: $8,306,132Liabilities 2016: $13,316Net Assets 2016: $8,292,8162016Assets 2017: $9,133,498Liabilities 2017: $8,719Net Assets 2017: $9,124,7792017Assets 2018: $9,218,369Liabilities 2018: $7,750Net Assets 2018: $9,210,6192018Assets 2019: $9,669,905Liabilities 2019: $8,510Net Assets 2019: $9,661,3952019Assets 2020: $9,109,688Liabilities 2020: $6,741Net Assets 2020: $9,102,9472020Assets 2021: $11,591,378Liabilities 2021: $6,889Net Assets 2021: $11,584,4892021Assets 2022: $8,771,831Liabilities 2022: $46,758Net Assets 2022: $8,725,0732022Assets 2023: $9,120,997Liabilities 2023: $17,177Net Assets 2023: $9,103,8202023Assets 2024: $6,372,817Liabilities 2024: $1,710Net Assets 2024: $6,371,1072024

Highlighted filing

2013

Assets$6,730,820
Liabilities$11,909
Net Assets$6,718,911
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $233,3672011Expenses 2012: $244,9502012Revenue 2013: $307,861Expenses 2013: $239,495Net Income 2013: $68,3662013Revenue 2014: $331,744Expenses 2014: $274,135Net Income 2014: $57,6092014Revenue 2015: $353,837Expenses 2015: $296,713Net Income 2015: $57,1242015Revenue 2016: $588,565Expenses 2016: $369,530Net Income 2016: $219,0352016Revenue 2017: $273,800Expenses 2017: $312,517Net Income 2017: -$38,7172017Revenue 2018: $249,544Expenses 2018: $264,310Net Income 2018: -$14,7662018Revenue 2019: $740,354Expenses 2019: $230,613Net Income 2019: $509,7412019Revenue 2020: $445,233Expenses 2020: $309,067Net Income 2020: $136,1662020Revenue 2021: $452,021Expenses 2021: $319,294Net Income 2021: $132,7272021Revenue 2022: $2,511,963Expenses 2022: $3,185,863Net Income 2022: -$673,9002022Revenue 2023: $284,157Expenses 2023: $328,589Net Income 2023: -$44,4322023Revenue 2024: $285,348Expenses 2024: $3,391,474Net Income 2024: -$3,106,1262024

Highlighted filing

2013

Revenue$307,861
Expenses$239,495
Net Income$68,366
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 9, 2013
Return Version
2012v2.3
Gross Receipts
$441,416
Mission and Program Overview

Mission

The alumni assocation was established to benefit the state university and assist the university in maintaining communication with former alumni and the student body. The organization's most significant activity is to provide college scholarships and grants to worthy and needy students. The association is also entrusted with the management of alumni's endowment funds, which have been contributed by former university alumni to assist in these ongoing efforts.

Major Activities

Activity 2
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.
Filing and Contact Details

Filer

EIN
04-2052723
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IRS990/Activity2/Description0THESE 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.
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IRS990/Description0PROVIDING SCHOLARSHIPS TO INDIVIDUALS ATTENDING THE UNIVERSITY OF MASSACHUSETTS LOWELL WHO OTHERWISE MIGHT NOT HAVE THE FINANCIAL MEANS TO ATTEND COLLEGE. APPROXIMATELY 106 SCHOLARSHIPS AND AWARDS WERE DISBURSED WHILE ALSO PROVIDING 5 GRANTS TO THE UNIVERSITY'S COLLEGE OF MANAGEMENT, ENGINEERING, MUSIC AND PSYCHOLOGY DEPARTMENTS.
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IRS990ScheduleA/FactsAndCircumstancesTest0THE ORGANIZATION WAS ESTABLISHED IN 1947 TO SUPPORT THE OPERATIONS AND STUDENTS OF THE UNIVERSITY OF MASSACHUSETTS-LOWELL CAMPUS (FORMERLY LOWELL TECHNOLOGICAL INSTITUTE AND UNIVERSITY OF LOWELL). THE ORGANIZATION MANAGES ENDOWMENT FUNDS GENERALLY RECEIVED FROM FORMER FACULTY, STUDENTS AND BENEFACTORS OF THE UNIVERSITY. WITH THE EXCEPTION OF THE INTEREST AND DIVIDENDS EARNED ON THE ENDOWMENT FUNDS THE ORGANIZATION RECEIVES 100% OF ITS REVENUE FROM THE GENERAL PUBLIC OR FROM SOURCES DIRECTLY RELATED TO ITS CHARITABLE AND EXEMPT PURPOSE. THESE SOURCES OF REVENUE ARE FROM UNRELATED DONORS AND CONSIST OF THE ENTIRE GRADUATING CLASSES FROM 1947 TO THE PRESENT. THE GOVERNING BODY IS ELECTED BY THE CURRENT AND FORMER STUDENTS OF THE UNIVERSITY AND REPRESENT A DIVERSE BACKGROUND OF INDIVIDUALS FROM AROUND THE STATE AND COUNTRY. THE ORGANIZATION MAINTAINS DEFINITIVE PLANS ON ACCOMPLISHING ITS CHARITABLE WORK AND GOALS. ALL FORMER STUDENTS AND THE PUBLIC ARE INVITED AND WELCOME TO JOIN THE ORGANIZATION AND VOICE THEIR OPINIONS ON THE OPERATIONS OF THE ALUMNI ASSOCIATION. THE MEMBERSHIP FEE IS NOT MORE THAN 35 WHICH ENCOURAGES A BROAD CROSS SECTION OF THE INTERESTED PUBLIC TO JOIN. THE ONGOING ACTIVITY OF AWARDING SCHOLARSHIPS FOR AS MANY AS 100 STUDENTS EACH YEAR ATTRACTS ATTENTION AND COVERAGE BY THE LOCAL NEWS MEDIA. IN ADDITION, BASED ON THE FORMULA FOR DETERMINING PUBLIC SUPPORT, IT HAS ONLY BEEN IN RECENT YEARS THAT THE ORGANIZATION HAS FAILED THE 33 1/3% SUPPORT TEST. THE GOVERNING BOARD BELIEVES THIS IS DIRECTLY ATTRIBUTABLE TO THE DOWNTURN IN THE ECONOMY OVER THE LAST SEVERAL YEARS AND THEY FULLY EXPECT DONATIONS, GRANTS AND GIFTS TO REBOUND WHEN THE ECONOMY DOES.
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear021667
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year023688
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years024501
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years054049
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years033936
IRS990ScheduleA/GiftsGrantsContribReceived170/Total0157841
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear0195047
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year0174282
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years0161036
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years0150581
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years0163822
IRS990ScheduleA/GrossInvestmentIncome170/Total0844768
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc0987
IRS990ScheduleA/OtherIncome170/CurrentTaxYear063210
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus1Year057390
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years051515
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus3Years077612
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years034374
IRS990ScheduleA/OtherIncome170/Total0284101
IRS990ScheduleA/PublicSupportPertcentage17000.12270
IRS990ScheduleA/PublicSupportPertcentPriorYear00.12930
IRS990ScheduleA/PublicSupportTotal1700157841
IRS990ScheduleA/TenPercentTestCurrentYear0X
IRS990ScheduleA/Total170/CurrentTaxYear021667
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year023688
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years024501
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years054049
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years033936
IRS990ScheduleA/Total170/Total0157841
IRS990ScheduleA/TotalSupport01286710
IRS990/ScheduleBRequired0false
IRS990ScheduleD/CurrentYear/BeginningOfYearBalance05916587
IRS990ScheduleD/CurrentYear/Contributions06170
IRS990ScheduleD/CurrentYear/EndOfYearBalance06633466
IRS990ScheduleD/CurrentYear/GrantsOrScholarships0-109050
IRS990ScheduleD/CurrentYear/InvestmentEarningsOrLosses0937243
IRS990ScheduleD/CurrentYearMinus1Year/AdministrativeExpenses0-10680
IRS990ScheduleD/CurrentYearMinus1Year/BeginningOfYearBalance05700313
IRS990ScheduleD/CurrentYearMinus1Year/EndOfYearBalance05916587
IRS990ScheduleD/CurrentYearMinus1Year/GrantsOrScholarships0-92070
IRS990ScheduleD/CurrentYearMinus1Year/InvestmentEarningsOrLosses0410842
IRS990ScheduleD/CurrentYearMinus1Year/OtherExpenditures0-91818
IRS990ScheduleD/CurrentYearMinus2Years/BeginningOfYearBalance04221082
IRS990ScheduleD/CurrentYearMinus2Years/Contributions014815
IRS990ScheduleD/CurrentYearMinus2Years/EndOfYearBalance05700313
IRS990ScheduleD/CurrentYearMinus2Years/GrantsOrScholarships0-90184
IRS990ScheduleD/CurrentYearMinus2Years/InvestmentEarningsOrLosses01589506
IRS990ScheduleD/CurrentYearMinus2Years/OtherExpenditures0-34906
IRS990ScheduleD/CurrentYearMinus3Years/BeginningOfYearBalance03749955
IRS990ScheduleD/CurrentYearMinus3Years/Contributions09300
IRS990ScheduleD/CurrentYearMinus3Years/EndOfYearBalance04221082
IRS990ScheduleD/CurrentYearMinus3Years/GrantsOrScholarships0-65800
IRS990ScheduleD/CurrentYearMinus3Years/InvestmentEarningsOrLosses0604105
IRS990ScheduleD/CurrentYearMinus3Years/OtherExpenditures0-76478
IRS990ScheduleD/CurrentYearMinus4Years/BeginningOfYearBalance05286221
IRS990ScheduleD/CurrentYearMinus4Years/Contributions025870
IRS990ScheduleD/CurrentYearMinus4Years/EndOfYearBalance03749955

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,730,820
Liabilities
$11,909
Net assets
$6,718,911
Revenue
$307,861
Expenses
$239,495
Net income
$68,366
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$0.29$3.39$3.11
2023Detailed filing. Detailed filing data is available for this year.$9.12$0.02$9.10$0.28$0.33$0.04
2022Detailed filing. Detailed filing data is available for this year.$8.77$0.05$8.73$2.51$3.19$0.67
2021Detailed filing. Detailed filing data is available for this year.$11.6$0.01$11.6$0.45$0.32$0.13
2020Detailed filing. Detailed filing data is available for this year.$9.11$0.01$9.10$0.45$0.31$0.14
2019Detailed filing. Detailed filing data is available for this year.$9.67$0.01$9.66$0.74$0.23$0.51
2018Detailed filing. Detailed filing data is available for this year.$9.22$0.01$9.21$0.25$0.26$0.01
2017Detailed filing. Detailed filing data is available for this year.$9.13$0.01$9.12$0.27$0.31$0.04
2016Detailed filing. Detailed filing data is available for this year.$8.31$0.01$8.29$0.59$0.37$0.22
2015Detailed filing. Detailed filing data is available for this year.$7.92$0.01$7.91$0.35$0.30$0.06
2014Detailed filing. Detailed filing data is available for this year.$8.33$0.01$8.32$0.33$0.27$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.73$0.01$6.72$0.31$0.24$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$0.01$5.94$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.74$0.01$5.73$0.23