Nonprofit · EIN 86-1814107
LOWERTOWN FUTURE FUND INCORPORATED
Tax-exempt · MENDOTA HTS, MN 55120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $275,500 | $6,731 | $268,769 | $483,606 | $0 | $483,606 |
| December 31, 2024 | 990 | $6,250 | $13,140 | -$6,890 | $194,307 | $0 | $194,307 |
| December 31, 2023 | 990 | $8,522 | $17,511 | -$8,989 | $184,123 | $0 | $184,123 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $260,000
- Program service revenue
- $0
- Investment income
- $15,500
- Net gain from sales of assets
- -$3,811
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,044
- Accounting fees
- $2,265
- Management and general (functional)
- $6,731
Balance sheet and other
- Total assets, start of year
- $194,307
- Total assets, end of year
- $483,606
- Total liabilities, end of year
- $0
- Net assets, end of year
- $483,606
- Publicly traded securities
- $205,211
- Net assets without donor restrictions
- $483,606
- Gross receipts
- $342,683
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- MN
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MANNILLO | PRESIDENT Trustee or director | 4 | $0 |
| COREY EDMUNDS | TREASURER Trustee or director | 0.25 | $0 |
| WILLIAM ENGLUND | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MANNILLO | PRESIDENT Trustee or director | 4 | $0 |
| COREY EDMUNDS | TREASURER Trustee or director | 0.25 | $0 |
| WILLIAM ENGLUND | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MANNILLO | PRESIDENT Trustee or director | 20 | $0 |
| COREY EDMUNDS | TREASURER Trustee or director | 0.25 | $0 |
| WILLIAM ENGLUND | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 2306 LEMAY SHORES DR, MENDOTA HTS, MN 55120-2500
- In care of
- % LJOHN MANNILLO
- Principal officer (990 for 2025)
- JOHN MANNILLO, 2306 LEMAY SHORES DRIVE, MENDOTA HEIGHTS, MN 551202500
- Signed the 990
- JOHN MANNILLO, PRESIDENT
- Phone
- (651) 338-0804
- Website
- WWW.LOWERTOWNRID.ORG
- Return prepared by
- BGM ADVISORY LLC
Mission
TO SUPPORT AND FOSTER THE CONTINUED GROWTH AND DEVELOPMENT OF LOWERTOWN, SAINT PAUL'S HISTORIC "URBAN VILLAGE," BY PROVIDING KEY FINANCIAL SUPPORT TO INDIVIDUALS AND ORGANIZATIONS WORKING CREATIVELY TO ENHANCE AND ENRICH THE ARTISTIC, CULTURAL, SOCIAL AND ECONOMIC LIFE OF THIS REMARKABLE MODEL OF SUCCESSFUL INNER CITY NEIGHBORHOOD REDEVELOPMENT AND REVITALIZATION.
Program accomplishments
- LOWERTOWN FUTURE FUND SEEKS TO SUPPORT AND FOSTER THE GROWTH AND DEVELOPMENT OF LOWERTOWN, SAINT PAUL BY PROVIDING FINANCIAL SUPPORT TO INDIVIDUALS AND ORGANIZATIONS WORKING TO ENHANCE AND ENRICH THE INNER CITY NEIGHBORHOOD'S REDEVELOPMENT AND REVITALIZATION.revenue $12,859
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1814107
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $483,606
- Income (IRS master file)
- $342,683
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $275,500 | $6,731 | $483,606 | XML |
| 990 | December 2024 | $6,250 | $13,140 | $194,307 | XML |
| 990 | December 2023 | $8,522 | $17,511 | $184,123 | XML |
| 990 | December 2022 | $5,766 | $110,739 | $183,242 | IRS |
| 990 | December 2021 | – | – | – | 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 86-1814107).
Questions about LOWERTOWN FUTURE FUND INCORPORATED
- What is the EIN of LOWERTOWN FUTURE FUND INCORPORATED?
- The employer identification number (EIN) of LOWERTOWN FUTURE FUND INCORPORATED is 86-1814107.
- Is LOWERTOWN FUTURE FUND INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to LOWERTOWN FUTURE FUND INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWERTOWN FUTURE FUND INCORPORATED 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 LOWERTOWN FUTURE FUND INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOWERTOWN FUTURE FUND INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LOWERTOWN FUTURE FUND INCORPORATED?
- The 990 for the year ended December 31, 2025 names JOHN MANNILLO.
- Who are the officers and directors of LOWERTOWN FUTURE FUND INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LOWERTOWN FUTURE FUND INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $275,500, expenses of $6,731 and total assets of $483,606 at year end.
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All nonprofits in MENDOTA HTS · Minnesota · Community improvement and capacity building