Cultural Organization of Lowell Inc
Nonprofit profile at a glance
- EIN
- 043579969
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Reading, MA, USA
- Phone
- 9784467162
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $1,206
- Expenses
- $9,263
- Assets
- $126,305
- Liabilities
- $17,581
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- PATRICK COOK (PRESIDENT)
People named in this filing
- PATRICK COOK (PRESIDENT)
- JAMES T LICHOULAS III (TREASURER)
- VANNA HOWARD (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The cultural organization of lowell's mission is to strengthen the vitality and economic growth of arts and culture in lowell Massachusetts by serving the creative community by fostering communication, collaboration, advocacy and promotion of cultural affairs and events in the city of lowell Massachusetts.
What it reported doing in 2024
Through various programs and events, including discover lowell, lowell cultural heritage branding project, Massachusetts poetry festival and open studios and museums of lowell, the organization is providing a welcome forum (the city of lowell) to a diverse group of artists and ethnic groups as well as a broader cultural experience to patrons and audiences. It has provided coordination and marketing support for these and many other events. The organization is also actively developing affordable artist live/work space in an ongoing effort to encourage artists to settle in lowell, ma.
Operating model
- Revenue model
- Investment-supported. 63% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -668.1%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 13.64; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -12.5% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 32nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $9K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.