Civic Intelligence

Lotus Foundation

990PF • Fiscal year 2022 • EIN 32-0373352

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

Organization Profile

Refreshing map…

6030 Hellyer Ave Suite 150San Jose, CA 95138-1038

(408) 348-3319

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • $1M-$5M nonprofits • Source year 2022

Net Margin

7th percentile

-135%

Higher net margin than 7% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

63rd percentile

$60,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 65.1% of source-year revenue.

2022 filings • $1M-$5M nonprofits • Source year 2022

Asset Growth

6th percentile

-22%

Faster asset growth than 6% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-84%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$3,291,199

Down $950,826 (-22%) from 2021

Net Assets

Down

$3,291,199

Down $950,826 (-22%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin7th percentile

Revenue

Down

$92,184

Down $489,692 (-84%) from 2021

Expenses

Up

$216,786

Up $7,829 (+3.7%) from 2021

Net Income

Down

-$124,602

Down $497,521 (-133%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $3,754,887Liabilities 2014: $0Net Assets 2014: $3,754,8872014Assets 2015: $3,679,232Liabilities 2015: $0Net Assets 2015: $3,679,2322015Assets 2016: $3,530,079Liabilities 2016: $0Net Assets 2016: $3,530,0792016Assets 2017: $3,329,962Liabilities 2017: $0Net Assets 2017: $3,329,9622017Assets 2018: $3,101,032Liabilities 2018: $0Net Assets 2018: $3,101,0322018Assets 2019: $3,319,434Liabilities 2019: $354Net Assets 2019: $3,319,0802019Assets 2020: $3,810,998Liabilities 2020: $25,000Net Assets 2020: $3,785,9982020Assets 2021: $4,242,025Liabilities 2021: $0Net Assets 2021: $4,242,0252021Assets 2022: $3,291,199Liabilities 2022: $0Net Assets 2022: $3,291,1992022Assets 2024: $4,376,509Liabilities 2024: $0Net Assets 2024: $4,376,5092024

Highlighted filing

2022

Assets$3,291,199
Liabilities$0
Net Assets$3,291,199
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $119,744Expenses 2014: $199,850Net Income 2014: -$80,1062014Revenue 2015: $138,745Expenses 2015: $214,400Net Income 2015: -$75,6552015Revenue 2016: $73,880Expenses 2016: $223,033Net Income 2016: -$149,1532016Revenue 2017: $38,051Expenses 2017: $238,168Net Income 2017: -$200,1172017Revenue 2018: $5,344Expenses 2018: $234,274Net Income 2018: -$228,9302018Revenue 2019: $64,865Expenses 2019: $172,165Net Income 2019: -$107,3002019Revenue 2020: $107,389Expenses 2020: $164,320Net Income 2020: -$56,9312020Revenue 2021: $581,876Expenses 2021: $208,957Net Income 2021: $372,9192021Revenue 2022: $92,184Expenses 2022: $216,786Net Income 2022: -$124,6022022Revenue 2024: $106,955Expenses 2024: $205,858Net Income 2024: -$98,9032024

Highlighted filing

2022

Revenue$92,184
Expenses$216,786
Net Income-$124,602
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PARESH PATELTrusteePT$60,000-$60,000
PRAKASH PATELTrusteePT$60,000-$60,000
Filing and Contact Details

Filer

Filer Name
Lotus Foundation
EIN
32-0373352
Phone
4083483319
Address
6030 HELLYER AVE SUITE 150, SAN JOSE, CA 95138-1038

Signing Officer

Name
Paresh Patel
Title
Trustee
Phone
4083483319
Signed
2023-11-01
Discuss with paid preparer
Yes

Preparer

Firm
Allied Tax Planners
Address
7300 JOHNSTON ROAD SUITE B, PLEASANTON, CA 94588
Preparer
Bradley L Haupt Ea
Phone
5108862937
Raw XML Appendix247 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/MethodOfAccountingCashInd0X
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IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/Year1Amt042874
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IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd0false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd0false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd0false
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IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
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IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0NONE
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0COMMUNITY RELIGIOUS ADMINISTRATION AND SUPPORT.
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0PRAKASH AND PARESH TRAVELED TO INDIA. THEY VISITED THE SCHOOL AND SPOKE WITH THE ADMINISTRATION. THEY OBTAINED A LIST OF STUDENTS, THEIR NEEDS, AND DECIDED TO DONATE TOWARDS THEIR SCHOOLING EXPENSES (SUPPLIES, BOOKS, FEES, AND HOUSING).
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OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1BANK CHARGES
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OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0PAYROLL TAXES
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc1PPP LOAN
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OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1OTHER PROF. FEES
TaxesSchedule/TaxesDetail/Amt09524
TaxesSchedule/TaxesDetail/Amt12554
TaxesSchedule/TaxesDetail/CategoryTxt0PAYROLL TAXES
TaxesSchedule/TaxesDetail/CategoryTxt1PAYROLL SERVICE
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PARESH PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum04083483319
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOTUS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LOTU
ReturnHeader/Filer/EIN0320373352
ReturnHeader/Filer/PhoneNum04083483319
ReturnHeader/Filer/USAddress/AddressLine1Txt06030 HELLYER AVE SUITE 150
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0951381038
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823783607
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALLIED TAX PLANNERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07300 JOHNSTON ROAD SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLEASANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094588
ReturnHeader/PreparerPersonGrp/PhoneNum05108862937
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY L HAUPT EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-08T15:08:36-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PARESH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATEL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,291,199
Liabilities
$0
Net assets
$3,291,199
Revenue
$92,184
Expenses
$216,786
Net income
-$124,602
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$0.11$0.21$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.09$0.22$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.00$4.24$0.58$0.21$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$0.03$3.79$0.11$0.16$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.00$3.32$0.06$0.17$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.00$3.10$0.01$0.23$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.04$0.24$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.00$3.53$0.07$0.22$0.15
2015Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$0.14$0.21$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$0.12$0.20$0.08