2024-02-15T09:13:03-06:00 2022-12-31 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2022-01-01 462789844 LOWELL MAKES INC LOWE 9782514554 130 WESTERN AVE LOWELL MA 01851 JOHN NOTO TREASURER 9782514554 2024-02-14 1 JOHN NOTO 999009999 1 DOUGLAS FARRINGTON P00370668 6178075000 2024-02-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X SAMANTHA BURDETT 130 WESTERN AVE LOWELL MA 01851 444022 0 X WWW.LOWELLMAKES.COM X 2013 MA LOWELL MAKES IS A COLLECTION OF OPEN WORKSHOPS AND LABORATORIES WHERE MEMBERS AND STUDENTS CAN COLLABORATE TO LEARN, SHARE, AND HONE CRAFTS OF ALL KINDS. THE FOCUS IS ON PROVIDING A SPACE FOR EDUCATION, ENTREPRENEURSHIP, AND ENGAGEMENT WITH THE COMMUNITY OF LOWELL, MA. 8 7 0 150 38659 37659 281233 239357 128503 123477 3 7 97807 45153 507546 407994 0 0 0 0 0 37307 0 0 0 379075 309454 379075 346761 128471 61233 2073289 2099155 1769613 1734246 303676 364909 LOWELL MAKES IS A COLLECTION OF OPEN WORKSHOPS AND LABORATORIES WHERE MEMBERS AND STUDENTS CAN COLLABORATE TO LEARN, SHARE, AND HONE CRAFTS OF ALL KINDS. THE FOCUS IS ON PROVIDING A SPACE FOR EDUCATION, ENTREPRENEURSHIP, AND ENGAGEMENT WITH THE COMMUNITY OF LOWELL, MA. 0 0 305105 125108 HOSTING WORKSHOPS AND PROVIDING A SPACE FOR INDIVIDUALS TO HONE SKILLS IN ART, ENGINEERING, AND INNOVATION IN LOWELL, MA AND SURROUNDING AREAS. 305105 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MA X X ROBYN NEVEU 6032625868 10 MUSCOVY DRIVE LITCHFIELD NH 03052 SAMANTHA BURDETT PRESIDENT 30.00 X X 0 0 0 JOHN NOTO TREASURER 30.00 X X 0 0 0 JAMES SAUNDERS CLERK 2.00 X X 0 0 0 ERIC SACK DIRECTOR 1.00 X 0 0 0 MARK PALERMO DIRECTOR (FROM 8/2022) 1.00 X 0 0 0 JACK WALSH DIRECTOR 1.00 X 0 0 0 RIO SABELLA DIRECTOR (FROM 8/2022) 1.00 X 0 0 0 CHRISTY MATTE SECRETARY (FROM 8/2022) 1.00 X X 37307 0 0 37307 0 0 0 0 0 0 0 176484 12470 50403 239357 LICENSING INCOME 900099 64865 64865 SUBCONTRACT SERVICES 900099 58612 58612 123477 7 7 72075 2220 33416 0 38659 2220 40879 38659 2220 5255 2612 2643 2643 MISCELLANEOUS REVENUE 900099 1631 1631 1631 407994 125108 38659 4870 37307 37307 3299 3299 13358 13358 9683 9683 3426 3426 10447 1676 8771 85959 85959 51414 51414 49468 49468 15590 15590 WORK SHOP EXPENSES 40558 40558 UNRELATED BUSINESS INCO 16228 16228 REPAIRS AND MAINTENANCE 10024 10024 346761 305105 41656 0 19813 65156 60209 48520 2182841 198342 1983937 1984499 9330 980 2073289 2099155 30184 11394 23006 45850 1095432 1124166 608568 533801 12423 19035 1769613 1734246 X 303676 364909 303676 364909 2073289 2099155 61233 0 X X 1 X 0 1 0 X 138839 86130 233493 281233 239357 979052 43029 74210 128503 128732 374474 138839 129159 307703 409736 368089 1353526 0 61687 61687 61687 61687 1291839 55884 87635 36643 180162 17743 28926 29751 76420 73627 116561 66394 256582 6872 111 865 1631 9479 138839 136031 381441 527162 436114 1619587 0.79760 0.84990 0.15840 0.14420 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 6,872. 2020 AMOUNT: $ 111. 2021 AMOUNT: $ 865. 2022 AMOUNT: $ 1,631. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1752422 113800 1638622 130870 69871 60999 299549 14671 284878 1984499 SECURITY DEPOSITS 7607 ACCRUED UNRELATED BUSINESS INCOME TAXES 11428 19035 X PART X, LINE 2: THE FOLLOWING IS AN EXCERPT FROM NOTE TWO OF THE FINANCIAL STATEMENTS: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED AS IRC SECTION 501(C)(3), QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX PROVISIONS UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS REVIEWED THE ORGANIZATION'S REPORTING AND BELIEVES THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE IRS AND, THEREFORE, NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-05-14 1181466 TO PURCHASE BUILDING 0 0 0 A 95249 1181466 1181466 2020 0 0 1 1 A 0 1 0 0 0.21940 0.00000 0.21940 0 0 1 A 0 1 0 0 1 0 0 0 1 A 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE PRESIDENT AND TREASURER FOR REVIEW, COMMENTS, AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OUTLINES PROCEDURES FOR HANDLING CONFLICTS OF INTEREST AND REQUIRES THAT EACH DIRECTOR AND MANAGEMENT EMPLOYEE ANNUALLY COMPLETE A CONFLICT OF INTEREST STATEMENT. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.