Overview
What is Lowell Makes Inc?
Lowell Makes Inc, located at 130 Western Ave, Lowell, MA 01852, is a nonprofit organization that offers a unique learning environment. Their primary activity involves hosting workshops and providing a space for individuals to enhance their skills in various fields, such as art, engineering, and innovation. The organization, which consists of open workshops and laboratories, encourages collaboration, knowledge-sharing, and skill development among its members and students. The main focus of Lowell Makes Inc is to foster education, entrepreneurship, and community engagement in Lowell, Massachusetts.
Official website here: www.lowellmakes.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating
Lowell Makes Inc holds a Two-Star rating, indicating some concerns regarding its financial accountability and transparency. The organization scores relatively well in some areas, such as having an independent board with 87% of members being independent and no material diversion of assets reported. However, the lack of certain key policies, including a whistleblower policy and a document retention policy, significantly affects its overall accountability score.
The organization demonstrates a strong commitment to its core programs, evidenced by a program expense ratio of 79.13%. This suggests that a significant portion of expenditures is directed towards its programs rather than administrative costs. However, the liabilities to assets ratio of 82.61% raises questions about its financial health and sustainability.
While Lowell Makes Inc performs well in governance aspects like having board meeting minutes documented and conflict of interest policy in place, the absence of essential policies and documentation on its website hampers its rating. Improved transparency and the adoption of missing policies could enhance its accountability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Lowell Makes Inc legitimate?
Lowell Makes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowell Makes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lowellmakes.com
What is the mission statement of Lowell Makes Inc?
Lowell Makes Inc serves as a collective of open workshops and laboratories, fostering collaboration among members and students. The primary focus is on education, entrepreneurship, and community engagement. The organization provides a platform where individuals can learn, share, and refine various crafts, ranging from art to engineering and innovation. The mission of Lowell Makes Inc is to offer a space for skill development and innovation, encouraging personal growth and active participation in the local community.
Official website here: www.lowellmakes.com
Who is the CEO of Lowell Makes Inc?
Samantha Burdett is the President of Lowell Makes Inc.
Official website here: www.lowellmakes.com
What is the revenue of Lowell Makes Inc?
Lowell Makes Inc's revenue in 2021 was $507,546.
Official website here: www.lowellmakes.com
Who are the executives of Lowell Makes Inc and what are their salaries?
There 150 volunteers at Lowell Makes Inc.
Here are 5 key members and their salaries:
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Official website here: www.lowellmakes.com
Where can I find the form 990 for Lowell Makes Inc?
Lowell Makes Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lowellmakes.com
Learn more at the official website: www.lowellmakes.com
Mission Statement of Lowell Makes Inc
Lowell Makes Inc serves as a hub for open workshops and laboratories, inviting members and students to collaborate, learn, and enhance their crafting skills in various fields. The primary focus of this nonprofit organization is to provide an environment that fosters education, entrepreneurship, and community engagement. By offering a space for individuals in Lowell, Massachusetts, and surrounding areas, Lowell Makes Inc empowers its members to hone their skills in art, engineering, and innovation. The ultimate goal is to create a dynamic and inclusive community where creativity thrives and knowledge is shared.
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Impact
July, 2024
Lowell Makes Inc provides a vital space for individuals in Lowell, MA, and the surrounding areas to develop skills in art, engineering, and innovation. By offering workshops and collaborative laboratories, Lowell Makes fosters education, entrepreneurship, and community engagement. This organization plays a crucial role in empowering its members and students to learn, share, and refine their crafts, ultimately contributing to the creativity and skill development within the community.
This information is meant to be a general summary of Lowell Makes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $3
- Program Service Revenue: $128,503
- Gross Receipts: $534,851
Assets and Liabilities:
- Total Assets: $2,073,289
- Total Liabilities: $1,769,613
- Net Assets: $303,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBCONTRACT SERVICES
Revenue
$128,503
Organization Details
Founding Year
2013
Phone
(978) 251-4554Principal Officer
Samantha Burdett
Main Address
130 WESTERN AVE, LOWELL, MA, 01852
Website
www.lowellmakes.comNTEE Category
Code: A99 - Arts
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