Nonprofit · EIN 56-6061689
LOWES FOUNDATION
Tax-exempt · MOORESVILLE, NC 28117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2025 | 990 | $25,271,969 | $22,777,025 | $2,494,944 | $18,775,075 | $1,633,651 | $17,141,424 |
| January 31, 2024 | 990 | $19,566,102 | $22,793,917 | -$3,227,815 | $16,296,593 | $1,650,113 | $14,646,480 |
Financial details: 990 for the year ended January 31, 2025
Revenue
- Contributions, gifts and grants
- $31,265,117
- Program service revenue
- $0
- Investment income
- $799,442
- Net income from fundraising events
- -$6,792,590
- Other revenue
- -$6,792,590
Expenses
- Grants and similar amounts paid
- $17,825,150
- Compensation of officers, directors and key employees
- $884,312
- Other salaries and wages
- $541,153
- Salaries, compensation and benefits (total)
- $1,425,465
- Professional fundraising fees
- $0
- Travel
- $156,736
- Program services (functional)
- $20,315,706
- Management and general (functional)
- $2,018,395
- Fundraising (functional)
- $442,923
Balance sheet and other
- Total assets, start of year
- $16,296,593
- Total assets, end of year
- $18,775,075
- Total liabilities, end of year
- $1,633,651
- Net assets, end of year
- $17,141,424
- Net assets without donor restrictions
- $17,141,424
- Gross receipts
- $33,436,151
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1957
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended January 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Conway | Director Key employee | 40 | $184,715 | $36,807 |
| Lauren Norman | Sr Manager Highest-paid employee | 40 | $134,862 | $26,466 |
| Sebastian Hale | Manager Highest-paid employee | 40 | $117,680 | $15,341 |
| Diana Castaneda | Manager Highest-paid employee | 40 | $118,630 | $12,540 |
| Ashley Schroeder | Manager Highest-paid employee | 40 | $117,654 | $5,149 |
| Delaney Osterday | Manager Highest-paid employee | 40 | $111,692 | $2,778 |
| Janice Dupre | Chair Trustee or director, Officer | 3 | $0 | $0 |
| David R Green | Trustee Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| David Shoop | Trustee Trustee or director | 1 | $0 | $0 |
| Margi Vagell | SVP Vice Chairman Trustee or director, Officer | 3 | $0 | $0 |
| Erica Irvin | Secretary Officer | 2 | $0 | $0 |
| Jason Rutherford | Trustee Trustee or director | 1 | $0 | $0 |
| Donna Neale | Trustee Trustee or director | 1 | $0 | $0 |
| Brad Hardy | Trustee Trustee or director | 1 | $0 | $0 |
| Steffani McLean | Trustee Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gerado Soto Aycinena | Trustee Trustee or director | 1 | $0 |
| Kyle Guenther | Trustee Trustee or director | 1 | $0 |
| Jana Barresi | Trustee Trustee or director | 1 | $0 |
| Javi Cano | Trustee Trustee or director | 1 | $0 |
| Nick Masi | Trustee Trustee or director | 1 | $0 |
990 for the year ended January 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Conway | Director Key employee | 40 | $171,907 | $20,469 |
| Lauren Norman | Sr Manager Highest-paid employee | 40 | $104,218 | $23,464 |
| Janice Dupre | Chair Trustee or director, Officer | 3 | $0 | $0 |
| David R Green | Trustee Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| David Shoop | Trustee Trustee or director | 1 | $0 | $0 |
| Margi Vagell | SVP Vice Chairman Trustee or director, Officer | 3 | $0 | $0 |
| Bill Ellison | Secretary Officer | 2 | $0 | $0 |
| Jason Rutherford | Trustee Trustee or director | 1 | $0 | $0 |
| Donna Neale | Trustee Trustee or director | 1 | $0 | $0 |
| Alvin Ferrouillet | Trustee Trustee or director | 1 | $0 | $0 |
| Steffani McLean | Trustee Trustee or director | 1 | $0 | $0 |
| Gerado Soto Aycinena | Trustee Trustee or director | 1 | $0 | $0 |
| Kyle Guenther | Trustee Trustee or director | 1 | $0 | $0 |
| Denise Hill | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
- Principal officer (990 for 2024)
- David R Green, 1000 LOWES BLVD, Mooresville, NC 281178520
- Signed the 990
- David R Green, Treasurer
- Phone
- (704) 880-0058
- Return prepared by
- David R Green CPA
Mission
Lowes Foundation is focused on closing the skilled trades labor gap across the United States. Our mission is to develop a community of skilled tradespeople who can build and revitalize our homes neighborhoods and infrastructure for the future.
Program accomplishments
- During the year ended January 31 2025 the organization provided funding to community and technical colleges community-based organizations and national nonprofits to support the mission of developing skilled tradespeople.Expenses $19,249,556 · grants $16,759,000
- During the year ended January 31 2025 the organization supported 1 community improvement organization to provide basic necessities to children in need.Expenses $1,066,150 · grants $1,066,150
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Check at the IRS |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 56-6061689
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $30,935,149
- Income (IRS master file)
- $37,637,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2025 | $25,271,969 | $22,777,025 | $18,775,075 | XML |
| 990 | January 2024 | $19,566,102 | $22,793,917 | $16,296,593 | XML |
| 990 | January 2023 | $15,875,960 | $2,489,474 | $18,802,670 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2020 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
| 990 | January 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6061689).
Questions about LOWES FOUNDATION
- What is the EIN of LOWES FOUNDATION?
- The employer identification number (EIN) of LOWES FOUNDATION is 56-6061689.
- Is LOWES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to LOWES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOWES FOUNDATION due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOWES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2025.
- Who is the principal officer of LOWES FOUNDATION?
- The 990 for the year ended January 31, 2025 names David R Green.
- Who are the officers and directors of LOWES FOUNDATION?
- The 990 for the year ended January 31, 2025 lists 20 people; 6 received compensation from the organization, the highest $184,715 (Elizabeth Conway, Director).
- How much revenue does LOWES FOUNDATION have?
- On its 990 for the year ended January 31, 2025 it reported revenue of $25,271,969, expenses of $22,777,025 and total assets of $18,775,075 at year end.
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