2025-11-12T09:43:08-08:00 2024-12-31 043447507 FRITZ DEGUGLIELMO LLC 8 ESSEX STREET NEWBURYPORT MA 01950 990 2024-01-01 061793898 Lowell's Maritime Foundation Inc LOWE 9788340050 459 Main St Amesbury MA 01913 Graham McKay Executive Director 9788340050 2025-05-08 true true Daniel E Schaffner CPA P00796903 9784622161 2025-11-12 2024 2025-03-06 01:10:19Z Graham McKay 16 Milk Street Newburyport MA 01950 510057 false X www.lowellsboatshop.com X 2006 MA To preserve and perpetuate the art and craft of wooden boat building and promote the history of Lowells Boat Shop and its environs. 13 13 13 60 0 0 237082 299294 129457 78314 2902 20550 55727 62101 425168 460259 0 0 287962 297272 0 41375 138513 152653 426475 449925 -1307 10334 881845 906991 26581 39005 855264 867986 To preserve and perpetuate the art and craft of wooden boat building and promote the history of Lowells Boat Shop and its environs. false false 301652 0 78314 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. 301652 true true false false false false false false false true true false false false false true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 4 0 13 true false false false false false false false false false false false false X 13 13 false false false false true true false true true false false true false false false false false false MA X Graham McKay 9788340050 459 Main Street Amesbury MA 01913 Bob Barton Chairman 1.00 X X 0 0 0 Frank Morse Vice Chair 1.00 X X 0 0 0 Cathy Tymowski Treasurer 1.00 X X 0 0 0 Bethany Dorau Secretary 1.00 X X 0 0 0 Tom Valeo Director 1.00 X 0 0 0 Rosamond Smith Director 20.00 X 32954 0 0 Pamela Bates Director 1.00 X 0 0 0 Patty Hoyt Director 1.00 X 0 0 0 Tyler Drolet Director 1.00 X 0 0 0 Ward Caswell Director 1.00 X 0 0 0 Tim Broadrick Director 1.00 X 0 0 0 Allan Jarvis Director 1.00 X 0 0 0 Graham McKay Executive Director 40.00 X 75602 0 0 108556 0 0 false false false 42488 256806 24795 299294 Boat building education 611699 52103 0 0 Boat repair/refinish 238990 22587 0 0 Other 999999 3624 0 0 78314 11859 0 11859 13219 4528 8691 8691 0 0 8691 59583 17117 42466 0 42466 47788 28153 19635 19635 460259 97949 0 63016 75602 24948 25705 24949 188871 136063 43825 8983 10478 6379 2755 1344 22321 13589 5868 2864 4250 0 4250 0 35154 30163 4776 215 500 500 0 0 5474 0 5474 0 7276 4511 2474 291 3673 3673 0 0 13202 13202 0 0 50110 39390 8304 2416 Repairs and Maintenance 11941 8965 2663 313 Program Expense 11880 11880 0 0 Bank and credit card fees 5598 5598 0 0 Telephone 2791 2791 0 0 804 0 804 0 449925 301652 106898 41375 27931 27881 300193 304825 5000 10000 474056 156968 327068 317088 221653 247197 881845 906991 19532 27189 7049 11816 0 0 26581 39005 X 855264 867986 855264 867986 881845 906991 10334 2388 X true X false false false X 0 0 352824 256227 216931 237082 299294 1362358 137218 159601 201514 180345 126102 804780 0 0 490042 415828 418445 417427 425396 2167138 10000 10000 10000 12500 40026 82526 20746 47246 22211 29306 18251 137760 30746 57246 32211 41806 58277 220286 1946852 1394 8663 4671 2902 11859 29489 1394 8663 4671 2902 11859 29489 30340 33466 28115 37446 42466 171833 2368460 0.82200 0.83760 0.01250 0.00790 X Pt III Ln 12 Other Income Part III, Line 12 Description: Net income from special events 2020: 30340. 2021: 33466. 2022: 28115. 2023: 37446. 2024: 42466. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 222920 10006 15524 248450 184193 12724 26003 222920 228820 3294 -47921 184193 101755 101221 25844 228820 61617 30000 10138 101755 false false 0 107618 107618 331236 131008 200228 35202 25960 9242 317088 None 0 0 X Pt X, Line 2 The Organization has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, Accounting For Uncertainty in Income Taxes). The primary tax positions made by the Organization are the existence/non-existence of Unrelated Business Income Tax and the Organizations status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Organization currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the year presented, and as a result of adoption, the Organization has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Organizations Forms 990, Return of Organization Exempt from Income Tax, for the years ending December 31, 2024, 2023, 2022 and 2021 are subject to examination by the IRS, generally for 3 years after they are filed. Pt V, Line 4 The board designated endowment is intended to enable the Organization to more completely fulfill its mission, and, therefore, distributions from the endowment shall be limited to (i) capital needs of Lowells Maritime Foundation, (ii) program support, (iii) seed money for new projects and programs, and special one-time projects, and (iv) such other purposes as are specifically designated by donors whose gifts are included in the endowment. HOH Group Tour 56468 56468 17117 56468 56468 17117 17117 39351 Pt VI, Line 11b The Form 990 is reviewed by the vice-chairman of the board,who presents it to the board. The board of directors reviews and approves the Form 990 before it is submitted. Pt VI, Line 19 The Organization makes its governing documents available to the public upon request. Pt VI, Line 6 The Organization has members, other than board members, that vote to appoint board members. Pt VI, Line 7a The Organization has members, other than board members, that vote to appoint board members.