Overview
What is Lowell Alumni Association?
The Lowell Alumni Association, situated in San Francisco, California, is a nonprofit organization dedicated to fostering connections and offering support to its alumni, students, the school, and the wider Lowell community. They have an active role in providing essential resources, such as scholarships for graduating seniors and funding to preserve critical academic programs and student support services at Lowell High School. In response to budget cuts, the association supplied $553,727, primarily from its reserve fund, to help mitigate the impact. Additionally, the Lowell Alumni Association distributes newsletters twice a year to its alumni and other affiliates, containing updates and announcements about the school, its students, and the association's initiatives. They also encourage regular class reunions and offer support to reunion committees.
Official website here: www.lowellalumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
The Lowell Alumni Association has received a Two-Star rating from Charity Navigator, reflecting a score of 73%. This rating indicates that while the organization demonstrates some strengths in governance and financial management, there are significant areas needing improvement. Specifically, the organization has a high percentage of independent board members and a solid program expense ratio, suggesting a commitment to using funds effectively for its programs.
Strengths include a fully independent board and a commendable program expense ratio of approximately 81.84%, which signifies that a large portion of funds is allocated to direct programs rather than administrative costs. Furthermore, the organization does not show any material diversion of assets, which bodes well for its financial integrity. However, the lack of financial statements and some essential policies, such as a whistleblower policy and document retention guidelines, raises concerns about transparency and accountability.
Limitations are evident in the absence of key documentation, such as financial statements and certain governance policies. These omissions can hinder stakeholder trust and may affect the nonprofit's overall rating in future evaluations. Overall, while the Lowell Alumni Association has solid operational elements, addressing these gaps could enhance its standing and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Lowell Alumni Association legitimate?
Lowell Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowell Alumni Association 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: $88,584
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,365
For more financial information, click here
Official website here: www.lowellalumni.org
What is the mission statement of Lowell Alumni Association?
The Lowell Alumni Association (LAA) is dedicated to fostering and strengthening relationships that benefit its alumni, students, the school, and the wider Lowell community. One of its key initiatives involves providing scholarships to graduating seniors, some of which are multiple-year awards. The LAA also distributes a newsletter twice a year, featuring alumni updates, reunion announcements, news about current students and school activities, and information on LAA programs supporting current students and Lowell High School. Furthermore, the association encourages alumni to organize regular class reunions and offers support to these committees. Additionally, LAA provides grants and gifts upon request to Lowell High School, contributing to various educational programs and initiatives.
Official website here: www.lowellalumni.org
Who is the CEO of Lowell Alumni Association?
Kate Lazarus is the Executive Dir. of Lowell Alumni Association.
Official website here: www.lowellalumni.org
What is the revenue of Lowell Alumni Association?
Lowell Alumni Association's revenue in 2022 was $1,098,988.
Official website here: www.lowellalumni.org
Who are the executives of Lowell Alumni Association and what are their salaries?
The average compensation at Lowell Alumni Association during 2022 was $110,949. There is 1 employee and 100 volunteers at Lowell Alumni Association.
Here are 39 key members and their salaries:
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Official website here: www.lowellalumni.org
Where can I find the form 990 for Lowell Alumni Association?
Lowell Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lowellalumni.org
Learn more at the official website: www.lowellalumni.org
Mission Statement of Lowell Alumni Association
The Lowell Alumni Association, an organization dedicated to its namesake, plays a significant role in fostering and strengthening connections that benefit its alumni, students, the school, and the broader Lowell community. Its mission is multifaceted, encompassing several key areas.
Firstly, the Lowell Alumni Association is invested in the educational growth of its alumni. It accomplishes this by granting scholarships to deserving graduating seniors each year. While most of these scholarships are one-time awards, a select few extend beyond a single academic year. The selection process involves soliciting applications from seniors and, at times, consulting with faculty and staff from Lowell High School.
Secondly, the organization communicates with its alumni, retired faculty, and other supporters through a biannual newsletter. This publication features a variety of content, including alumni updates, reunion news, and information about current students and school activities. The newsletter also highlights the LAA's initiatives aimed at supporting current students and programs at Lowell High School.
Lastly, the Lowell Alumni Association encourages its alumni to organize regular class reunions and provides assistance to reunion committees. Additionally, it considers grant and gift applications from Lowell High School, demonstrating its commitment to supporting the school and its students.
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Impact
July, 2024
The Lowell Alumni Association's impact can be seen in its proactive efforts to maintain and enhance relationships that support alumni, students, the school, and the Lowell community. Notably, the association played a significant role in addressing a budget crisis at Lowell High School by providing over half a million dollars in supplemental funds to offset budget cuts threatening academic programs and student support services. This emergency grant, funded from the association's reserve fund, helped mitigate the impact of severe budget reductions imposed by the San Francisco Unified School District. Additionally, the association awards scholarships to graduating seniors, prints newsletters for alumni and friends, encourages and supports class reunions, and provides grants and gifts to support Lowell High School programs. Through these initiatives, the Lowell Alumni Association continues to make a meaningful difference in the educational experiences of students and the overall well-being of the Lowell community.
This information is meant to be a general summary of Lowell Alumni Association. 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 2022.
- Investment Income: $459,074
- Program Service Revenue: $11,220
- Gross Receipts: $3,354,676
Assets and Liabilities:
- Total Assets: $6,494,922
- Total Liabilities: $273,193
- Net Assets: $6,221,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Forensics
Revenue
$1,140
Reunions
Revenue
$10,080
Organization Details
Founding Year
1981
Phone
(415) 759-7830Principal Officer
Kate Lazarus
Main Address
PO Box 320009, San Francisco, CA, 94132
Website
www.lowellalumni.orgNTEE Category
Code: B84Z - Education
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