Civic Intelligence

Trust U/W Amy Lowell 10Th Clause Conrad W Oberdorfer Tr

990 • Fiscal year 2014 • EIN 04-6016148

Dec 01, 2013 to Nov 30, 2014 • Filed on Aug 26, 2015

Organization Profilewww.amylowell.org
Choate LLP PO Box 961019Boston, MA 02196

(617) 248-5255

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

89th percentile

27%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

7th percentile

-31%

Faster revenue growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$24,230,571

Up $5,112,956 (+27%) from 2013

Net Assets

Up

$24,230,571

Up $5,112,956 (+27%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin83rd percentile

Revenue

Down

$1,267,716

Down $567,913 (-31%) from 2013

Expenses

Down

$916,164

Down $18,641 (-2.0%) from 2013

Net Income

Down

$351,552

Down $549,272 (-61%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$40M$30M$20M$10M$0Assets 2011: $17,850,993Liabilities 2011: $0Net Assets 2011: $17,850,9932011Assets 2012: $18,215,248Liabilities 2012: $0Net Assets 2012: $18,215,2482012Assets 2013: $19,117,615Liabilities 2013: $0Net Assets 2013: $19,117,6152013Assets 2014: $24,230,571Liabilities 2014: $0Net Assets 2014: $24,230,5712014Assets 2015: $22,730,713Liabilities 2015: $0Net Assets 2015: $22,730,7132015Assets 2016: $22,784,091Liabilities 2016: $0Net Assets 2016: $22,784,0912016Assets 2017: $26,557,809Liabilities 2017: $0Net Assets 2017: $26,557,8092017Assets 2018: $25,336,165Liabilities 2018: $0Net Assets 2018: $25,336,1652018Assets 2019: $27,293,187Liabilities 2019: $0Net Assets 2019: $27,293,1872019Assets 2020: $30,526,280Liabilities 2020: $0Net Assets 2020: $30,526,2802020Assets 2021: $34,088,075Liabilities 2021: $0Net Assets 2021: $34,088,0752021Assets 2022: $26,468,636Liabilities 2022: $0Net Assets 2022: $26,468,6362022Assets 2023: $26,661,197Liabilities 2023: $0Net Assets 2023: $26,661,1972023Assets 2024: $31,329,768Liabilities 2024: $0Net Assets 2024: $31,329,7682024

Highlighted filing

2014

Assets$24,230,571
Liabilities$0
Net Assets$24,230,571
Open 2014 Filing

Operations Trend

Revenue Growth7th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $919,606Expenses 2011: $948,207Net Income 2011: -$28,6012011Revenue 2012: $1,282,070Expenses 2012: $912,340Net Income 2012: $369,7302012Revenue 2013: $1,835,629Expenses 2013: $934,805Net Income 2013: $900,8242013Revenue 2014: $1,267,716Expenses 2014: $916,164Net Income 2014: $351,5522014Revenue 2015: $755,918Expenses 2015: $1,052,738Net Income 2015: -$296,8202015Revenue 2016: $978,954Expenses 2016: $979,495Net Income 2016: -$5412016Revenue 2017: $2,036,788Expenses 2017: $985,964Net Income 2017: $1,050,8242017Revenue 2018: $3,020,128Expenses 2018: $1,036,287Net Income 2018: $1,983,8412018Revenue 2019: $1,803,325Expenses 2019: $1,027,810Net Income 2019: $775,5152019Revenue 2020: $1,014,359Expenses 2020: $1,065,909Net Income 2020: -$51,5502020Revenue 2021: $4,152,875Expenses 2021: $1,159,435Net Income 2021: $2,993,4402021Revenue 2022: -$317,457Expenses 2022: $1,388,417Net Income 2022: -$1,705,8742022Revenue 2023: $1,574,865Expenses 2023: $1,383,087Net Income 2023: $191,7782023Revenue 2024: $1,699,569Expenses 2024: $1,238,772Net Income 2024: $460,7972024

Highlighted filing

2014

Revenue$1,267,716
Expenses$916,164
Net Income$351,552
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2013 to Nov 30, 2014
Signed
Aug 26, 2015
Return Version
2013v4.0
Gross Receipts
$7,018,190
Mission and Program Overview

Mission

Support of Houghton Library at Harvard College

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$19,860,179$24,210,074▲ $4,349,895
Investments in Publicly Traded Securities$10,503,729$22,935,192▲ $12,431,463
Investments Other Securities$7,342,995--
Savings and Temporary Cash Investments-$1,294,762-
Rtn Earn Endowment Incm Other Fnds$-742,564$20,497▲ $763,061
Cash and Non-Interest-Bearing Accounts$1,270,891$617▼ $1,270,274
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$19,117,615$24,230,571▲ $5,112,956
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,117,615$24,230,571▲ $5,112,956
Total Liabilities and Net Assets / Fund Balance$19,117,615$24,230,571▲ $5,112,956
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Thomas HP Whitney JrTrustee
William A LowellTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Choate Hall & Stewart LLPInvestment Management, Recordkeeping, Le-$166,228
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,266,816
Other Revenue
$900
Change in Net Assets
$351,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$732,586
Other Expenses$183,578
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$649,086--$649,086
Fees for Services Management$16,064$144,580-$160,644
Grants to Domestic Individuals$83,500--$83,500
Fees for Services Legal-$4,465-$4,465
All Other Expenses$1,119--$1,119
Other Expenses$250--$250
Total Functional Expenses$767,119$149,045$0$916,164
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
04-2103580-501(c)(3)For the purchase of books and manuscripts to maintain, increase, and enhance the "Amy Lowell Collection" of the Houghton Library.$649,086
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Partners are Trustees of OrganizationInvestment management, recordkeeping, custody, grant administration, and legal services rendered in the ordinary course of business. Fees are calculated as percentage of assets held. Trustees of the Organization, William A. Lowell and Thomas H.P. Whitney, Jr. are partners in the law firm of Choate Hall & Stewart, LLP, the provider of these services.No$166,228
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 2

“The trustees of the Organization, William A. Lowell and Thomas H.P. Whitney, Jr., have a business relationship.”

Form 990, Part VI, Section A, line 3

“The trustees of the Organization delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart, LLP.”

Form 990, Part VI, Section A, line 8B

“The Organization does not have committees with the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“The annual Form 990 (and state Form PC) are provided to the managing trustee, William A. Lowell, an attorney and professional fiduciary, for his review and signature prior to those forms being filed. Mr. Lowell, as a practicing attorney and professional fiduciary, is familiar with the form and filing requirements for tax-exempt organizations. He is expressly authorized by his co-trustee, Thomas H.P. Whitney, Jr. (who is an attorney and professional fiduciary and who is given the opportunity to review the draft forms prior to filing) to review and sign the annual tax filings.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, annual federal tax return (Form 990), annual state filing (MA Form PC), and financial statements available to the public upon request at the address indicated in Section C of Part VI of Form 990. The Organization does not have a written conflict of interest policy.”

Filing and Contact Details

Filer

EIN
04-6016148
Phone
6172485255

Signing Officer

Name
William A Lowell
Title
Trustee
Phone
6172485255
Signed
2015-08-26

Organization Details

Principal Officer
William A Lowell
Formed
1925
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Preparer
Nicholas E Porto
Phone
6175563900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Book Value Adjustment from Cost to FMV 4,400,594.”

Raw XML Appendix323 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherExpensesGrp/ProgramServicesAmt01119
IRS990/AllOtherExpensesGrp/TotalAmt01119
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10Choate Hall & Stewart LLP
IRS990/BooksInCareOfDetail/PhoneNum06172485255
IRS990/BooksInCareOfDetail/USAddress/AddressLine10Choate LLP PO Box 961019
IRS990/BooksInCareOfDetail/USAddress/City0Boston
IRS990/BooksInCareOfDetail/USAddress/State0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode002196
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
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IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt019860179
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IRS990/CashNonInterestBearingGrp/BOYAmt01270891
IRS990/CashNonInterestBearingGrp/EOYAmt0617
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0166228
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine10Two International Place
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0Boston
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode002110
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IRS990/ContractorCompensationGrp/ServicesDesc0Investment Management, Recordkeeping, Le
IRS990/CreditCounselingInd00
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IRS990/CYOtherExpensesAmt0183578
IRS990/CYOtherRevenueAmt0900
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IRS990/CYRevenuesLessExpensesAmt0351552
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0916164
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01267716
IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0Harvard College - For purchase of books and manuscripts to maintain, increase, and enhance the "Amy Lowell Collection" of the Houghton Library in accordance with Article 10 of the will of Amy Lowell.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0679683
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04465
IRS990/FeesForServicesLegalGrp/TotalAmt04465
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0144580
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt016064
IRS990/FeesForServicesManagementGrp/TotalAmt0160644
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0William A Lowell
IRS990/Form990PartVIISectionAGrp/PersonNm1Thomas HP Whitney Jr
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01925
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0673340
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt0649086
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt083500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt083500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0649086
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0649086
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06423814
IRS990/GrossReceiptsAmt07018190
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0593476
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0593476
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07342995
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010503729
IRS990/InvestmentsPubTradedSecGrp/EOYAmt022935192
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05750474
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Support of Houghton Library at Harvard College
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019117615
IRS990/NetAssetsOrFundBalancesEOYAmt024230571
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0673340
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0673340
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0360810
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt04400594
IRS990/OtherExpensesGrp/Desc0Honoraria to Scholars
IRS990/OtherExpensesGrp/Desc1State Filing Fee
IRS990/OtherExpensesGrp/ProgramServicesAmt017100
IRS990/OtherExpensesGrp/ProgramServicesAmt1250
IRS990/OtherExpensesGrp/TotalAmt017100
IRS990/OtherExpensesGrp/TotalAmt1250
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0William A Lowell
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships awarded to individuals to spend one year outside of the continent of North America to advance the art of poetry as practiced by the recipient.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt087436
IRS990/ProgSrvcAccomActy2Grp/GrantAmt083500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
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IRS990/PYOtherExpensesAmt0201340
IRS990/PYOtherRevenueAmt03463
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IRS990/PYRevenuesLessExpensesAmt0900824
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0934805
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01835629
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0351552
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0900
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0900
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-742564
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020497
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01294762
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0The Organization provides grants to the Houghton Library at Harvard College.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 11h:
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042103580
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc02
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt083500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/RecipientTable/CashGrantAmt0649086
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0For the purchase of books and manuscripts to maintain, increase, and enhance the "Amy Lowell Collection" of the Houghton Library.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Harvard College
IRS990ScheduleI/RecipientTable/RecipientEIN0042103580
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1086 Brattle Street
IRS990ScheduleI/RecipientTable/USAddress/City0Cambridge
IRS990ScheduleI/RecipientTable/USAddress/State0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode002138
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization makes grants every year to its supported organization, Harvard College, as required and for the purposes specified in the organization's governing instrument. The Trustees of the organization have assured themselves as they deem appropriate from time to time that the grant funds are being applied by Harvard College in a manner consistent with the purposes for which the organization was established.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1The Amy Lowell Traveling Poetry Scholarship is not a scholarship for college rather, it is a poetry contest, operated in cooperation with the Trust's supported organization, Harvard University. As set forth in the Will of Amy Lowell (under which the Trust was established), a committee consisting of one member of the English Department of Harvard University, two poets of recognized standing, and the Trustees of the Trust (collectively holding one of the four votes) must choose each year one poet "of American birth and of good standing or able promise" to receive an award (generally around $50,000). There are no restrictions on who may apply, other than the requirement that applicants must be citizens of the United States by birth. Applicants must submit an application form, a resume and a poetry sample generally not exceeding 40 typed pages. The winning poet must agree to spend one year outside North America, working on his or her poetry. On rare occasions, if there are two applicants of equal merit, the Committee may award a prize to both. Awards are paid in quarterly installments, beginning before departure to allow the winner to make travel arrangements. At the end of the year abroad, each winner may submit three poems to the Committee, and if the Committee determines that the poems are of particular merit (and if no more than one other poet has received an award for the following year), the poet may be given a second award, requiring a second year abroad. Because quarterly payments generally begin in the fall and end in the summer, in a given calendar year there may be two, three or (in rare instances) four individuals receiving award distributions. See http://www.amylowell.org for more information regarding this program. Although (due to the requirement that winning poets travel abroad for one year) winners are frequently physically outside the United States when quarterly payments are delivered to them, it is unclear under what circumstances one or more of them may be considered to be "living or residing outside the United States" for purposes of the Form 990 reporting requirements, and therefore whether awards should be reported on Schedule I (Activities Within the United States) or Schedule F (Activities Outside the United States). Because the awards do not constitute "expenditures for and investments in regions" outside the United States but rather constitute investments in American poetry the Trustees have reported these awards on Schedule I to Form 990.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule I, Part III:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10Choate Hall & Stewart LLP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Partners are Trustees of Organization
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0166228
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Investment management, recordkeeping, custody, grant administration, and legal services rendered in the ordinary course of business. Fees are calculated as percentage of assets held. Trustees of the Organization, William A. Lowell and Thomas H.P. Whitney, Jr. are partners in the law firm of Choate Hall & Stewart, LLP, the provider of these services.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The trustees of the Organization, William A. Lowell and Thomas H.P. Whitney, Jr., have a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The trustees of the Organization delegate investment responsibility to Choate Investment Advisors, LLC, a registered investment advisor subsidiary of Choate Hall & Stewart, LLP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization does not have committees with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The annual Form 990 (and state Form PC) are provided to the managing trustee, William A. Lowell, an attorney and professional fiduciary, for his review and signature prior to those forms being filed. Mr. Lowell, as a practicing attorney and professional fiduciary, is familiar with the form and filing requirements for tax-exempt organizations. He is expressly authorized by his co-trustee, Thomas H.P. Whitney, Jr. (who is an attorney and professional fiduciary and who is given the opportunity to review the draft forms prior to filing) to review and sign the annual tax filings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes its governing documents, annual federal tax return (Form 990), annual state filing (MA Form PC), and financial statements available to the public upon request at the address indicated in Section C of Part VI of Form 990. The Organization does not have a written conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Book Value Adjustment from Cost to FMV 4,400,594.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt019117615
IRS990/TotalAssetsEOYAmt024230571
IRS990/TotalAssetsGrp/BOYAmt019117615
IRS990/TotalAssetsGrp/EOYAmt024230571
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0149045
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0767119
IRS990/TotalFunctionalExpensesGrp/TotalAmt0916164
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019117615
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024230571
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0767119
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01267716
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01267716
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019117615
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024230571
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10Choate LLP PO Box 961019
IRS990/USAddress/City0Boston
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode002196
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.amylowell.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0William A Lowell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum06172485255
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine10Trust UW Amy Lowell 10th Clause
ReturnHeader/Filer/BusinessNameControlTxt0TRUS
ReturnHeader/Filer/EIN0046016148
ReturnHeader/Filer/PhoneNum06172485255
ReturnHeader/Filer/USAddress/AddressLine10Choate LLP PO Box 961019
ReturnHeader/Filer/USAddress/City0Boston
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002196
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010494526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BAKER NEWMAN & NOYES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10175 FEDERAL STREET SUITE 970
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002110
ReturnHeader/PreparerPersonGrp/PhoneNum06175563900
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas E Porto
ReturnHeader/ReturnTs02015-09-09T10:21:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-12-01
ReturnHeader/TaxPeriodEndDt02014-11-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,230,571
Liabilities
$0
Net assets
$24,230,571
Revenue
$1,267,716
Expenses
$916,164
Net income
$351,552
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$0.00$31.3$1.70$1.24$0.46
2023Detailed filing. Detailed filing data is available for this year.$26.7$0.00$26.7$1.57$1.38$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.5$0.00$26.5$0.32$1.39$1.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$0.00$34.1$4.15$1.16$2.99
2020Detailed filing. Detailed filing data is available for this year.$30.5$0.00$30.5$1.01$1.07$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.3$0.00$27.3$1.80$1.03$0.78
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$0.00$25.3$3.02$1.04$1.98
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$0.00$26.6$2.04$0.99$1.05
2016Detailed filing. Detailed filing data is available for this year.$22.8$0.00$22.8$0.98$0.98$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$0.00$22.7$0.76$1.05$0.30
2014Detailed filing. Detailed filing data is available for this year.$24.2$0.00$24.2$1.27$0.92$0.35
2013Summary only. Only limited summary data is available for this year.$19.1$0.00$19.1$1.84$0.93$0.90
2012Summary only. Only limited summary data is available for this year.$18.2$0.00$18.2$1.28$0.91$0.37
2011Summary only. Only limited summary data is available for this year.$17.9$0.00$17.9$0.92$0.95$0.03