2024-11-14T13:13:56-08:00 2023-12-31 043447507 FRITZ DEGUGLIELMO LLC 8 ESSEX STREET NEWBURYPORT MA 01950 990 2023-01-01 061793898 Lowell's Maritime Foundation Inc LOWE 9788340050 459 Main St Amesbury MA 01913 Graham McKay Executive Director 9788340050 2024-05-10 true true Daniel E Schaffner CPA P00796903 9784622161 2024-11-14 2023 2024-10-15 13:58:12Z Graham McKay 16 Milk Street Newburyport MA 01950 680884 false X www.lowellsboatshop.com X 2006 MA To preserve and perpetuate the art and craft of wooden boat building and promote the history of Lowells Boat Shop and its environs. 13 13 13 25 0 0 216931 237082 116665 129457 4671 2902 64837 55727 403104 425168 0 0 269124 287962 0 36964 116957 138513 386081 426475 17023 -1307 863202 881845 32173 26581 831029 855264 To preserve and perpetuate the art and craft of wooden boat building and promote the history of Lowells Boat Shop and its environs. false false 280144 0 129457 Preservation of the craftmanship of building wooden dories in the tradition of the Lowells Boat Shop by sustaining production and educating the public and teaching artisanry of wooden boat building. 280144 true true false false false false false false false true true false false false false true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 13 true false false false false false false false false false false false false X 13 13 false false false false true true false true true false false true false false false false false false MA X Graham McKay 9788340050 459 Main Street Amesbury MA 01913 Bob Barton Chairman 1.00 X X 0 0 0 Frank Morse Vice Chair 1.00 X X 0 0 0 Allan Jarvis Treasurer 1.00 X X 0 0 0 Pamela Bates Secretary 1.00 X X 0 0 0 Tom Valeo Director 1.00 X 0 0 0 Rosamond Smith Director 20.00 X 32000 0 0 Peter Erickson Director 1.00 X 0 0 0 Patty Hoyt Director 1.00 X 0 0 0 Rashaun Martin Director 1.00 X 0 0 0 Ward Caswell Director 1.00 X 0 0 0 Tim Broadrick Director 1.00 X 0 0 0 Bethany Dorau Director 1.00 X 0 0 0 Graham McKay Executive Director 40.00 X 70752 0 0 102752 0 0 false false false 36704 200378 237082 Boat building education 611699 72734 0 0 Boat repair/refinish 238990 42649 0 0 Other 999999 14074 0 0 129457 5456 0 5456 188034 190588 -2554 -2554 0 0 -2554 69967 32521 37446 0 37446 50888 32607 18281 18281 425168 147738 0 40348 102752 23348 48056 31348 155679 131711 23968 0 4174 2504 1505 165 25357 15214 7100 3043 6120 0 6120 0 20282 19229 882 171 1368 1368 0 0 5154 0 5154 0 4840 3001 1646 193 11839 11839 0 0 16353 16353 0 0 31827 23046 7307 1474 Repairs and Maintenance 17632 12208 4854 570 Program Expense 12609 12609 0 0 Bank and credit card fees 4936 4936 0 0 Telephone 2778 2778 0 0 2775 0 2775 0 426475 280144 109367 36964 339520 27931 0 300193 3750 5000 470834 143766 338421 327068 181511 221653 863202 881845 21074 19532 11099 7049 0 0 32173 26581 X 831029 855264 831029 855264 863202 881845 -1307 25542 X true X false false false X 0 0 248393 352824 256227 216931 237082 1311457 185914 137218 159601 201514 180345 864592 0 0 434307 490042 415828 418445 417427 2176049 10000 10000 10000 10000 12500 52500 15500 20746 47246 22211 29306 135009 25500 30746 57246 32211 41806 187509 1988540 1076 1394 8663 4671 2902 18706 1076 1394 8663 4671 2902 18706 50048 30340 33466 28115 37446 179415 2374170 0.83760 0.83950 0.00790 0.00720 X Pt III Ln 12 Other Income Part III, Line 12 Description: Net income from special events 2019: 50048. 2020: 30340. 2021: 33466. 2022: 28115. 2023: 37446. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 184193 12724 26003 222920 228820 3294 -47921 184193 101755 101221 25844 228820 61617 30000 10138 101755 52968 8649 61617 false false 0 107618 107618 331236 121145 210091 31980 22621 9359 327068 None 0 0 X Pt X, Line 2 The Organization has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, Accounting For Uncertainty in Income Taxes). The primary tax positions made by the Organization are the existence/non-existence of Unrelated Business Income Tax and the Organizations status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the year presented, and as a result of adoption, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Organizations Forms 990, Return of Organization Exempt from Income Tax, for the years ending December 31, 2023, 2022, 2021 and 2020 are subject to examination by the IRS, generally for 3 years after they are filed. Pt V, Line 4 The board designated endowment is intended to enable the Organization to more completely fulfill its mission, and, therefore, distributions from the endowment shall be limited to (i) capital needs of Lowells Maritime Foundation, (ii) program support, (iii) seed money for new projects and programs, and special one-time projects, and (iv) such other purposes as are specifically designated by donors whose gifts are included in the endowment. HOH Group Tour 69967 69967 32521 69967 69967 32521 32521 37446 Pt VI, Line 11b The Form 990 is reviewed by the vice-chairman of the board,who presents it to the board. The board of directors reviews and approves the Form 990 before it is submitted. Pt VI, Line 19 The Organization makes its governing documents available to the public upon request. Pt VI, Line 6 The Organization has members, other than board members, that vote to appoint board members. Pt VI, Line 7a The Organization has members, other than board members, that vote to appoint board members.