Lowell Alumni Association

EIN: 946125408 501(c)(3) Education

San Francisco, CA

Total Revenue
$809,074
Total Expenses
$891,548
Total Assets
$9,116,031
Net Assets
$8,664,133
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Principal Officer
Quincy Yu
Phone
4153476866
Tax Period
2024-07-01 to 2025-06-30

Lowell Alumni Association, founded in 1981, is a small nonprofit in the Education sector that reported $809K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $892K exceeded revenue, resulting in a 10% operating deficit.

Mission

The Lowell Alumni Association (LAA) maintains and enhances relationships that serve and support our alumni, students, school and the Lowell community.1. Scholarships: The LAA awards a number of scholarships each year to graduating seniors. Most scholarships are one-time awards, although a few are multi-year awards. The LAA Scholarship Committee solicits applications from graduating seniors and selects awardees, sometimes in consultation with Lowell High School faculty/staff.2. ADVOCACY: THE LAA ENGAGES IN PUBLIC ADVOCACY IN SUPPORT OF LOWELL HIGH SCHOOL'S CONTINUED EXISTENCE AS AN ACADEMIC PUBLIC MAGNET HIGH SCHOOL WITH OUTSTANDING ACADEMIC AND EXTRACURRICULAR PROGRAMS TO SERVE STUDENTS FROM THROUGHOUT SAN FRANCISCO.3. Reunions: The LAA encourages alumni to hold regular class reunions and provides support to class reunion committees.4. Grants and gifts: Upon application by Lowell faculty, staff and coaches, and with approval of the LAA Board of Directors, the LAA makes grants and gifts

Program Service Accomplishments

Program 1
Expenses: $349,670

Grants Program/AwardsTwice each year, we solicit grant requests from Lowell faculty, staff and coaches to fund projects that supplement Lowell High Schools academic and extracurricular programs. Our...

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Grants Program/AwardsTwice each year, we solicit grant requests from Lowell faculty, staff and coaches to fund projects that supplement Lowell High Schools academic and extracurricular programs. Our Grant Committee evaluates the requests and makes funding recommendations to the LAA Board of Directors for their review and approval.In prior years, we did not recognize the expense until it was paid out; however, we changed this reporting in this fiscal year to recognize the expense when incurred (i.e. awarded). Of the $349,670 expense, $308,901 represents payments for prior year and this years awards and $40,769 represents this years awards that were not paid out at the end of the year.

Program 2
Expenses: $246,883

ScholarshipsEach year, the Lowell Alumni Association solicits applications for our college scholarship program from graduating seniors. Our Scholarship Committee then reviews those applications...

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ScholarshipsEach year, the Lowell Alumni Association solicits applications for our college scholarship program from graduating seniors. Our Scholarship Committee then reviews those applications, conducts interviews and makes final selections of recipients in May.

Program 3
Expenses: $121,216 Revenue: $95,104

Programs ServicesThe Lowell Alumni Association communicates regularly with our more than 33,000 alumni, former faculty and other friends of Lowell High School. We also supported and facilitated a...

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Programs ServicesThe Lowell Alumni Association communicates regularly with our more than 33,000 alumni, former faculty and other friends of Lowell High School. We also supported and facilitated a significant number of class reunions this fiscal. In addition to alumni services, the LAA developed a program named LEAD that reaches out to middle school students who have the desire and potential to attend Lowell High School that brings these students to Lowell for tutoring by Lowell High School students. This program that started with one (1) school has expanded to two (2) middle schools. The LAA Executive Director supports those efforts as well as various alumni relations activities, including alumni participation in Lowells annual commencement exercises and Lowell High School performing arts and athletic events.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $484,622
Program Service Revenue $95,104
Investment Income $226,298
Other Revenue $3,050
TOTAL REVENUE $809,074

Expense Breakdown

Grants Paid $596,553
Salaries & Benefits $86,534
Fundraising Expenses $76,309
Program Expenses $717,769
Other Expenses $208,461
TOTAL EXPENSES $891,548

Year-over-Year Comparison

2024 2023 Change
Revenue $809,074 $1,860,627 -0.6%
Expenses $891,548 $924,206 0.0%
Net Income $-82,474 $936,421 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
1
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$15,121
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERENCE ABAD Executive Dir. 20.00
Officer
$15,121 $0 $15,121
Peter Lee President 5.00
Officer Director
$0 $0 $0
Quincy Yu Treasurer 2.00
Officer Director
$0 $0 $0
Lee Cheng Secretary 1.00
Officer Director
$0 $0 $0
Phillip Shinn Vice President 1.00
Officer Director
$0 $0 $0
Kate Lazarus VP, Governance 1.00
Officer Director
$0 $0 $0
Christine Linnenbach VP, Planning 1.00
Officer Director
$0 $0 $0
Cary Wong DIRECTOR 1.00
Director
$0 $0 $0
Chuck Breyer Director 1.00
Director
$0 $0 $0
Emily Moon Director 1.00
Director
$0 $0 $0
Eugene Lee Director 1.00
Director
$0 $0 $0
Gerry Buchwald Director 1.00
Director
$0 $0 $0
Helen Wax Director 1.00
Director
$0 $0 $0
James Han Director 1.00
Director
$0 $0 $0
Jennifer Wong Director 1.00
Director
$0 $0 $0
John Trasvia Director 1.00
Director
$0 $0 $0
Joyce Yuan Director 1.00
Director
$0 $0 $0
Julia Ye Director 1.00
Director
$0 $0 $0
Lee Blum Director 1.00
Director
$0 $0 $0
Adnan Khan Director 1.00
Director
$0 $0 $0
Lisa Clay Director 1.00
Director
$0 $0 $0
Mark Budak Director 1.00
Director
$0 $0 $0
Mark Mosheim Director 1.00
Director
$0 $0 $0
Matthew Estipona Director 1.00
Director
$0 $0 $0
Pamela Sayad Director 1.00
Director
$0 $0 $0
Annie Miu Wasacz Director 1.00
Director
$0 $0 $0
Bob Wu Director 1.00
Director
$0 $0 $0
Sunil Kapadia Director 1.00
Director
$0 $0 $0
Tony Quang Director 1.00
Director
$0 $0 $0
Tree Tam Director 1.00
Director
$0 $0 $0
Tycho Rosenfeld Director 1.00
Director
$0 $0 $0
Allene Jue Director 1.00
Director
$0 $0 $0
Bruce Green Director 1.00
Director
$0 $0 $0
Elizabeth Carl Murphy Director 1.00
Director
$0 $0 $0
Jessica Kuzmanich Gaynor Director 1.00
Director
$0 $0 $0
Laurance Lee Director 1.00
Director
$0 $0 $0
Mikhail Kazantsev Director 1.00
Director
$0 $0 $0
Scott Silverman Director 1.00
Director
$0 $0 $0
Elizabeth Carl Murphy Director 1.00
Director
$0 $0 $0
Stephen Hsu Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $809,074 $891,548 $9,116,031 $-82,474
2024 $1,860,627 $924,206 $8,443,639 $936,421
2023 $1,372,481 $703,839 $7,557,691 $668,642
2022 $1,098,988 $1,514,230 $6,494,922 $-415,242
2021 $786,955 $720,488 $7,870,953 $66,467
2020 $865,201 $1,243,041 $6,850,687 $-377,840
2019 $1,667,882 $805,810 $6,345,976 $862,072
2018 $1,999,502 $707,985 $5,461,156 $1,291,517
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