Nonprofit · EIN 06-1793898
LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP
Tax-exempt · AMESBURY, MA 01913
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $460,259 | $449,925 | $10,334 | $906,991 | $39,005 | $867,986 |
| December 31, 2023 | 990 | $425,168 | $426,475 | -$1,307 | $881,845 | $26,581 | $855,264 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $299,294
- Membership dues
- $42,488
- Program service revenue
- $78,314
- Investment income
- $20,550
- Net gain from sales of assets
- $8,691
- Net income from fundraising events
- $42,466
- Net income from sales of inventory
- $19,635
- Other revenue
- $62,101
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,602
- Other salaries and wages
- $188,871
- Salaries, compensation and benefits (total)
- $297,272
- Professional fundraising fees
- $0
- Accounting fees
- $4,250
- Occupancy
- $7,276
- Travel
- $3,673
- Depreciation
- $13,202
- Program services (functional)
- $301,652
- Management and general (functional)
- $106,898
- Fundraising (functional)
- $41,375
Balance sheet and other
- Total assets, start of year
- $881,845
- Total assets, end of year
- $906,991
- Total liabilities, end of year
- $39,005
- Net assets, end of year
- $867,986
- Land, buildings and equipment
- $317,088
- Publicly traded securities
- $247,197
- Net assets without donor restrictions
- $867,986
- Gross receipts
- $510,057
- Employees
- 13
- Volunteers
- 60
- Year formed
- 2006
- State of legal domicile
- MA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Graham McKay | Executive Director Officer | 40 | $75,602 |
| Rosamond Smith | Director Trustee or director | 20 | $32,954 |
| Bob Barton | Chairman Trustee or director, Officer | 1 | $0 |
| Frank Morse | Vice Chair Trustee or director, Officer | 1 | $0 |
| Cathy Tymowski | Treasurer Trustee or director, Officer | 1 | $0 |
| Bethany Dorau | Secretary Trustee or director, Officer | 1 | $0 |
| Tom Valeo | Director Trustee or director | 1 | $0 |
| Pamela Bates | Director Trustee or director | 1 | $0 |
| Patty Hoyt | Director Trustee or director | 1 | $0 |
| Tyler Drolet | Director Trustee or director | 1 | $0 |
| Ward Caswell | Director Trustee or director | 1 | $0 |
| Tim Broadrick | Director Trustee or director | 1 | $0 |
| Allan Jarvis | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Graham McKay | Executive Director Officer | 40 | $70,752 |
| Rosamond Smith | Director Trustee or director | 20 | $32,000 |
| Bob Barton | Chairman Trustee or director, Officer | 1 | $0 |
| Frank Morse | Vice Chair Trustee or director, Officer | 1 | $0 |
| Allan Jarvis | Treasurer Trustee or director, Officer | 1 | $0 |
| Pamela Bates | Secretary Trustee or director, Officer | 1 | $0 |
| Tom Valeo | Director Trustee or director | 1 | $0 |
| Peter Erickson | Director Trustee or director | 1 | $0 |
| Patty Hoyt | Director Trustee or director | 1 | $0 |
| Rashaun Martin | Director Trustee or director | 1 | $0 |
| Ward Caswell | Director Trustee or director | 1 | $0 |
| Tim Broadrick | Director Trustee or director | 1 | $0 |
| Bethany Dorau | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 459 MAIN ST, AMESBURY, MA 01913-4207
- In care of
- % PAM BATES
- Principal officer (990 for 2024)
- Graham McKay, 16 Milk Street, Newburyport, MA 01950
- Signed the 990
- Graham McKay, Executive Director
- Phone
- (978) 834-0050
- Website
- www.lowellsboatshop.com
- Return prepared by
- FRITZ DEGUGLIELMO LLC
Mission
To preserve and perpetuate the art and craft of wooden boat building and promote the history of Lowells Boat Shop and its environs.
Program accomplishments
- 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.Expenses $301,652 · revenue $78,314
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1793898
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50)
- Assets (IRS master file)
- $906,991
- Income (IRS master file)
- $510,057
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $460,259 | $449,925 | $906,991 | XML |
| 990 | December 2023 | $425,168 | $426,475 | $881,845 | XML |
| 990 | December 2022 | $403,104 | $386,081 | $863,202 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 06-1793898).
Questions about LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP
- What is the EIN of LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP?
- The employer identification number (EIN) of LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP is 06-1793898.
- Is LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP?
- The 990 for the year ended December 31, 2024 names Graham McKay.
- Who are the officers and directors of LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $75,602 (Graham McKay, Executive Director).
- How much revenue does LOWELLS MARITIME FOUNDATION DBA LOWELLS BOAT SHOP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $460,259, expenses of $449,925 and total assets of $906,991 at year end.
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