2023-08-17T17:22:04-05:00 2022-12-31 860683059 BEACHFLEISCHMAN PLLC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2022-01-01 472052113 LOWELL OBSERVATORY FOUNDATION LOWE 9287743358 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 DONNA WEISTROP BOARD CHAIRMAN 9287743358 2023-08-15 1 DONNA WEISTROP 999009999 1 MONICA A VERA CPA P01456278 5203214600 2023-08-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DONNA WEISTROP 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 3068720 0 X FOUNDATION.LOWELL.EDU X 2014 AZ TO SUSTAIN AND ENHANCE LOWELL OBSERVATORY'S MISSION BY GENERATING PERPETUAL FINANCIAL SUPPORT. 9 8 0 9 0 0 642974 505724 0 0 430919 82013 0 0 1073893 587737 354895 310812 0 0 0 0 0 0 10483 313073 69107 667968 379919 405925 207818 10878749 9574343 35790 0 10842959 9574343 THE FOUNDATION WAS ESTABLISHED TO HELP DONORS ACHIEVE THEIR LONG-TERM ENDOWMENT GOALS AND MANAGE SHORT-TERM TARGETED DONATIONS TO LOWELL OBSERVATORY IN ORDER TO SUPPORT THE OBSERVATORY'S MISSION IN PERPETUITY. 0 0 310812 310812 THE LOWELL OBSERVATORY FOUNDATION (LOF) ACCEPTS GIFTS FOR ENDOWED FUNDS AND MANAGES THE FUNDS FOR THE SUPPORT OF THE OBSERVATORY'S GENERAL OPERATIONS AND THE GROWTH OF THE ENDOWED FUNDS. IN 2022, THE FOUNDATION RECEIVED SEVERAL SIGNIFICANT GIFTS. THESE INCLUDE $100,000 TO SUPPLEMENT THE GODO ENDOWED FUND AND A GIFT TO CREATE THE PERCIVAL LOWELL POSTDOCTORAL FELLOWSHIP FUND. WE ALSO RECEIVED AN ESTATE PLEDGE THAT CREATED THE WILLIAM G. TIFFT ENDOWED FUND FOR EXTRAGALACTIC AND COSMOLOGICAL RESEARCH. THE FUNDS WILL BE DELIVERED IN 2023. WHILE MARKET TRENDS DROVE THE LOF'S ENDOWMENT CORPUS VALUES DOWN IN 2022, $550,000 IN NEW GIFTS AND PLEDGE PAYMENTS HELPED TO OFFSET THE DOWNTURN. 310812 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X X ANNE LABRUZZO 9282333239 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 ANN T ACTOR EXECUTIVE DIRECTOR 2.00 38.00 X 0 166065 17576 ANNE LABRUZZO CHIEF FINANCIAL OFFICER 2.00 38.00 X 0 156024 21843 W LOWELL PUTNAM TRUSTEE 2.00 32.00 X 0 6 12486 CAMILLE BIBLES TRUSTEE 2.00 X 0 0 0 STEPHEN W BROWN TRUSTEE 2.00 X 0 0 0 DAVID D CHASE TRUSTEE 2.00 X 0 0 0 VIRGINIA G GIOVALE TRUSTEE 2.00 X 0 0 0 TERI KELLEY TRUSTEE 2.00 X 0 0 0 MARJORIE MCCLANAHAN TRUSTEE 2.00 X 0 0 0 DONNA WEISTROP BOARD CHAIR 2.00 X X 0 0 0 GEORGE PUTNAM III BOARD VICE-CHAIR 2.00 X X 0 0 0 0 322095 51905 0 0 1 0 0 53819 451905 10276 505724 195390 195390 2367606 2480983 -113377 -113377 -113377 587737 0 0 82013 310812 310812 4200 4200 52528 52528 4 4 1896 1896 LICENSES AND FEES 10479 10479 379919 310812 58624 10483 117284 160292 1155007 44735 99189 350000 9507269 9014354 0 4962 10878749 9574343 35790 0 35790 0 X 2341587 1968689 8501372 7605654 10842959 9574343 10878749 9574343 207818 -1476434 0 X 0 1 X 1 0 X X 1 LOWELL OBSERVATORY 860098918 7 1 310812 0 1 310812 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10508109 604748 -1425624 294403 52528 9340302 8732599 866064 1221110 259809 51855 10508109 5912722 2278596 760521 175186 44054 8732599 5064600 65031 983515 163237 37187 5912722 5118816 467872 -319708 166105 36275 5064600 0.20620 0.79380 0.00000 0 0 0 X PART V, LINE 4: A MAJORITY OF THE ENDOWMENT FUNDS ARE HELD IN PERPETUITY FOR THE BENEFIT OF LOWELL OBSERVATORY. PART X, LINE 2: THE FOLLOWING DISCLOSURE IS RELATED TO THE COMBINED FINANCIAL STATEMENTS OF THE LOWELL OBSERVATORY, TRUST U/W OF PERCIVAL LOWELL, AND THE LOWELL OBSERVATORY FOUNDATION: THE OBSERVATORY, THE FOUNDATION, AND THE TRUST ARE EXEMPT FROM INCOME TAXES UNDER BOTH INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND ARIZONA INCOME TAX LAWS. THE OBSERVATORY IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(1). THE FOUNDATION AND THE TRUST ARE EACH CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(3) AS A SUPPORTING ORGANIZATION OF THE OBSERVATORY. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, HOWEVER, MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME (UBTI). FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO PENALTIES AND INTEREST ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH ARE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES IF THEY OCCUR. 0 LOWELL OBSERVATORY 1400 W MARS HILL ROAD FLAGSTAFF AZ 86001 860098918 501(C)(3) 310812 0 OPERATIONAL SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION EXISTS WITH THE SOLE PURPOSE OF SUPPORTING LOWELL OBSERVATORY, THEREFORE SELECTION CRITERIA AND ELIGIBILITY REQUIREMENTS ARE NOT APPLICABLE. SUBSTANTIATION FOR THE AMOUNTS OF GRANTS ARE KEPT WITHIN LOWELL'S INTERNAL ACCOUNTING DEPARTMENT. 0 0 0 0 0 0 0 0 0 ANN T ACTOR EXECUTIVE DIRECTOR 0 166065 0 0 0 0 0 8350 0 9226 0 183641 0 0 ANNE LABRUZZO CHIEF FINANCIAL OFFICER 0 156024 0 0 0 0 0 8200 0 13643 0 177867 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES WILL CONSIST OF A MINIMUM OF SEVEN MEMBERS AND UP TO A MAXIMUM OF FIFTEEN MEMBERS. ONE OF THE MEMBERS SHALL BE THE SOLE TRUSTEE OF THE LOWELL OBSERVATORY WHO SHALL ALWAYS BE A TRUSTEE OF THE FOUNDATION. THE REMAINING TRUSTEES MAKING UP THE FOUNDATION BOARD OF TRUSTEES HAVE ALL BEEN SELECTED BY NOMINATION OF THE EXECUTIVE COMMITTEE OF THE ADVISORY BOARD OF LOWELL OBSERVATORY AND APPROVED BY A MAJORITY VOTE OF THE ADVISORY BOARD OF LOWELL OBSERVATORY AT ITS ANNUAL MEETING. EFFECTIVE JUNE 23, 2022 FUTURE TRUSTEES SHALL BE CONSIDERED BY THE EXECUTIVE COMMITTEE FOR APPOINTMENT OR REAPPOINTMENT AFTER RECEIVING THE NOMINATION FROM THE LOWELL OBSERVATORY FOUNDATION BOARD. ONCE APPROVED BY THE EXECUTIVE COMMITTEE, THE SUCCESSOR TRUSTEES' APPOINTMENT SHALL BE SUBJECT TO THE APPROVAL OF A MAJORITY VOTE BY THE ADVISORY BOARD OF THE LOWELL OBSERVATORY PRESENT AT ITS ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 DRAFT WILL BE FIRST REVIEWED BY THE CHIEF FINANCIAL OFFICER (CFO) FOR THE OBSERVATORY FOR ACCURACY. ONCE IT HAS BEEN DEEMED ACCURATE BY THE CFO, IT WILL BE FORWARDED TO THE LOWELL OBSERVATORY AUDIT COMMITTEE AND THE FOUNDATION BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENTS. AFTER ANY QUESTIONS AND COMMENTS HAVE BEEN ADDRESSED, THE 990 WILL BE APPROVED AND A FINAL COPY WILL BE SIGNED BY THE BOARD CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 12C EACH OF THE FOUNDATION TRUSTEES CERTIFIES IN WRITING ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE PROVISIONS OF THE FOUNDATION'S CONFLICTS OF INTEREST POLICY. A COPY OF THIS POLICY IS LOCATED AT: HTTP://FOUNDATION.LOWELL.EDU/WPCONTENT/UPLOADS/SITES/2/2023/01/POLICY- CONFLICT-OF-INTEREST-02-2016.PDF. THE FOUNDATION BELIEVES THAT THIS PROVIDES REASONABLE ADDITIONAL PROTECTION AGAINST PROHIBITED TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THESE DOCUMENTS WILL BE POSTED ON THE FOUNDATION WEBSITE AND THE FORM 990 WILL BE AVAILABLE ON CHARITY NAVIGATOR AND GUIDESTAR. LOWELL OBSERVATORY 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 860098918 ASTRONOMICAL RESEARCH AND EDUCATION AZ 501(C)(3) LINE 7 TRUST UW OF PERCIVAL LOWELL 0 PERCIVAL LOWELL TRUST UW 1400 W MARS HILL ROAD FLAGSTAFF AZ 860014470 042007327 CHARITABLE TRUST F/B/O LOWELL OBSERVATORY AZ 501(C)(3) LINE 12B, II LOWELL OBSERVATORY 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0