Logo for "GREATER LOWELL COMMUNITY FOUNDATION INC"

GREATER LOWELL COMMUNITY FOUNDATION INC

GREATER LOWELL COMMUNITY FOUNDATION INC

LOWELL, MA, US
•
501(c)(3)
•
EIN
04-3401997
•
WWW.GLCFOUNDATION.ORG
•
DAF Sponsor
Community Foundation
Regional Funder
Logo for "GREATER LOWELL COMMUNITY FOUNDATION INC"

GREATER LOWELL COMMUNITY FOUNDATION INC

LOWELL, MA, US
•
501(c)(3)
•
EIN
04-3401997
•
WWW.GLCFOUNDATION.ORG
•
DAF Sponsor
Community Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$7,589,018

Contributions
44%
Other
23%
Government Grants
18%
Investments
16%
Fundraising Events
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$6,474,219

Grants
58%
Salaries & Benefits
17%
Fees to Service Providers
12%
Other
9%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,234,974
$3,312,162
-22%
Government Grants
$2,281,897
$1,338,315
-41%
Fundraising Events
$25,500
$5,806
-77%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,003,986
$1,181,072
+18%
Other
$963,654
$1,751,663
+82%
Total Revenues
$8,510,011
$7,589,018
-11%
Expenses
2023
2024
Change
Grants
$4,924,269
$3,781,246
-23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,069,039
$1,117,927
+5%
Fees to Service Providers
$607,204
$750,656
+24%
Advertising & Promotion
$2,122
$7,234
+241%
Offices, Occupancy & IT
$188,383
$215,237
+14%
Interest
$0
$0
-
Depreciation
$1,069
$2,272
+113%
Other
$408,022
$599,647
+47%
Total Expenses
$7,200,108
$6,474,219
-10%
Net income
2023
2024
Change
Net income
+$1,309,903
+$1,114,799
-15%
Functional Expenses
Summary
2023
2024
Change
Program
$6,572,260
$5,796,804
-12%
Admin
$283,756
$320,943
+13%
Fundraising
$344,092
$356,472
+4%
Total Expenses
$7,200,108
$6,474,219
-10%
Income Statement
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