Nonprofit · EIN 04-2052723
INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC
Tax-exempt · LOWELL, MA 01854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $238,692 | $297,560 | -$58,868 | $6,701,385 | $819 | $6,700,566 |
| June 30, 2024 | 990-PF | $285,348 | $3,391,474 | -$3,106,126 | $6,372,817 | $1,710 | $6,371,107 |
| June 30, 2023 | 990-PF | $284,157 | $328,589 | -$44,432 | $9,120,997 | $17,177 | $9,103,820 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,780
- Dividends
- $230,279
- Net gain from sales of assets
- $3,633
Expenses
- Grants and similar amounts paid
- $169,000
- Compensation of officers, directors and key employees
- $53,960
- Disbursements for charitable purposes
- $255,358
- Excise tax on investment income
- $2,652
Balance sheet and other
- Total assets, start of year
- $6,372,817
- Total assets, end of year
- $6,701,385
- Total liabilities, end of year
- $819
- Net assets, end of year
- $6,700,566
- Fair market value of assets
- $6,701,385
- Qualifying distributions
- $255,358
- Net investment income
- $233,912
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Shanahan PO Box 242, Lowell, MA 01853 | Executive Director | 40 | $53,960 |
| Kevin Shanahan PO Box 242, Lowell, MA 01853 | President | 1 | $0 |
| Michael Alpert PO Box 242, Lowell, MA 01853 | Vice President | 1 | $0 |
| Patricia Rivard Gardner PO Box 242, Lowell, MA 01853 | Treasurer | 1 | $0 |
| Davis Lee PO Box 242, Lowell, MA 01853 | Secretary | 1 | $0 |
| Walter Dawson PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Richard Donaldson PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| George Duggan PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Hae-Young Christina Joo PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Valerie King PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Mary Ann Kitrosser PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Thomas Vaughn PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Joseph Vecchione PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
| Richard Russell PO Box 242, Lowell, MA 01853 | Director | 1 | $0 |
990-PF for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SHANAHAN PO BOX 242, LOWELL, MA 01853 | EXECUTIVE DI | 40 | $52,880 |
| KEVIN SHANAHAN PO BOX 242, LOWELL, MA 01853 | PRESIDENT | 1 | $0 |
| MICHAEL ALPERT PO BOX 242, LOWELL, MA 01853 | VICE PRESIDE | 1 | $0 |
| PATRICIA RIVARD GARDNER PO BOX 242, LOWELL, MA 01853 | TREASURER | 1 | $0 |
| DAVIS LEE PO BOX 242, LOWELL, MA 01853 | SECRETARY | 1 | $0 |
| WALTER DAWSON PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| RICHARD DONALDSON PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| GEORGE DUGGAN PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| HAE-YOUNG CHRISTINA JOO PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| VALERIE KING PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| MARY ANN KITROSSER PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| THOMAS VAUGHN PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| JOSEPH VECCHIONE PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| RICHARD RUSSELL PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
990-PF for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SHANAHAN PO BOX 242, LOWELL, MA 01853 | EXECUTIVE DIRECTOR | 35 | $53,840 |
| KEVIN SHANAHAN PO BOX 242, LOWELL, MA 01853 | PRESIDENT | 1 | $0 |
| MICHAEL ALPERT PO BOX 242, LOWELL, MA 01853 | VICE PRESIDENT | 1 | $0 |
| PATRICIA RIVARD GARDNER PO BOX 242, LOWELL, MA 01853 | TREASURER | 1 | $0 |
| DAVIS LEE PO BOX 242, LOWELL, MA 01853 | SECRETARY | 1 | $0 |
| WALTER DAWSON PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| RICHARD DONALDSON PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| GEORGE DUGGAN PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| HAE-YOUNG CHRISTINA JOO PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| VALERIE KING PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| MARY ANN KITROSSER PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| THOMAS VAUGHN PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| JOSEPH VECCHIONE PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
| RICHARD RUSSELL PO BOX 242, LOWELL, MA 01853 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 UNIVERSITY AVE, LOWELL, MA 01854-2827
- Signed the 990-PF
- Kevin Shanahan, President
- Phone
- (978) 934-6530
- Return prepared by
- Grassi Advisory Group Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-2052723
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1952
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $6,701,385
- Income (IRS master file)
- $249,134
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $238,692 | $297,560 | $6,701,385 | IRS |
| 990-PF | June 2024 | $285,348 | $3,391,474 | $6,372,817 | IRS |
| 990-PF | June 2023 | $284,157 | $328,589 | $9,120,997 | XML |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2052723).
Questions about INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC
- What is the EIN of INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC?
- The employer identification number (EIN) of INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC is 04-2052723.
- Is INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
- Are donations to INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC?
- The 990-PF for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $53,960 (Margaret Shanahan, Executive Director).
- How much revenue does INDEPENDENT UNIVERSITY ALUMNI ASSOCIATION AT LOWELL INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $238,692, expenses of $297,560 and total assets of $6,701,385 at year end.
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