Civic Intelligence

Lotus Educational Foundation Inc.

990EZ • Fiscal year 2016 • EIN 37-1462953

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 02, 2017

Organization ProfileN/A
1131 S De Anza BlvdSan Jose, CA 95129

(408) 446-8398

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

29th percentile

-5.9%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets72nd percentile

Assets

$95,541

No earlier filing loaded for comparison.

Net Assets

$118,074

No earlier filing loaded for comparison.

Liabilities

$4,909

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin29th percentile

Revenue

$45,436

No earlier filing loaded for comparison.

Expenses

$48,133

No earlier filing loaded for comparison.

Net Income

-$2,697

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0Assets 2016: $95,541Liabilities 2016: $4,909Net Assets 2016: $118,0742016Assets 2020: $69,850Liabilities 2020: $2,000Net Assets 2020: $67,8502020Assets 2022: $60,438Net Assets 2022: $60,4382022Assets 2024: $69,690Net Assets 2024: $69,6902024

Highlighted filing

2016

Assets$95,541
Liabilities$4,909
Net Assets$118,074
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100K$50K$0-$50KRevenue 2016: $45,436Expenses 2016: $48,133Net Income 2016: -$2,6972016Revenue 2020: $0Expenses 2020: $24,850Net Income 2020: -$24,8502020Revenue 2022: $58Expenses 2022: $10,799Net Income 2022: -$10,7412022Revenue 2024: $76,830Expenses 2024: $28,335Net Income 2024: $48,4952024

Highlighted filing

2016

Revenue$45,436
Expenses$48,133
Net Income-$2,697
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$45,436
Mission and Program Overview

Mission

Expand appreciation of Chinese culture and language

Program Services

DescriptionGrantsExpenses
Expand appreciation of Chinese culture and language$58,073$45,425
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick TsaoPresident-$0--
Filing and Contact Details

Filer

Filer Name
Lotus Educational Foundation Inc
EIN
37-1462953
Phone
4084468398
Address
1131 S De Anza Blvd, San Jose, CA 95129

Signing Officer

Name
Patrick Tsao
Title
President
Signed
2017-11-02
Discuss with paid preparer
Yes

Preparer

Firm
Harvey A Armas CPA
Address
1186 W Shaw Suite 101, Fresno, CA 93711
Preparer
Harvey Armas
Phone
5592240424
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: Charitable | Donee's Name: Educational Foundation | Donee's Address: P.O. Box 700130 San Jose CA 95170 | Relationship of Donee: Nose | Cash Amount Given: $42323”

Other Expenses.1001

“Advertising and Promotion $373”

Other Expenses.1002

“Office Expenses $1”

Other Expenses.1005

“Travel $490”

Other Expenses.1

“Immersion $1305”

Other Expenses.2

“Educational $1100”

Other Expenses.3

“Spcl Cultural $716”

Other Expenses.4

“Disaster Relief $500”

Other Expenses.5

“Cultural Actt $440”

Other Expenses.6

“Transportation $230”

Other Expenses.7

“Language $148”

Other Expenses.8

“Library $121”

Other Expenses.9

“Accounting $60”

Other Expenses.10

“Communications $50”

Other Expenses.11

“Seminar $50”

Other Expenses.12

“Auto $36”

Other Expenses.13

“Onsite Bus $33”

Other Expenses.14

“Retreat $20”

Other Expenses.15

“Bank Charges $13”

Other Expenses.16

“Licenses $4”

Other Assets.1003

“Machinery and Equipment - Beginning $3649 Machinery and Equipment - Ending $0”

Other Assets.1004

“Miscellaneous - Beginning $4909 Miscellaneous - Ending $4909”

Other Assets.1009

“Notes and Loans Receivable - Beginning $60000 Notes and Loans Receivable - Ending $0”

Other Assets.1

“Misc - Beginning $11028 Misc - Ending $0”

Total Liabilities.1

“CR Card Payable - Beginning $1 CR Card Payable - Ending $0”

Total Liabilities.2

“Misc - Beginning $1588 Misc - Ending $4909”

To correct prior year balance

“To correct prior year balance”

Raw XML Appendix174 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Patrick Tsao
IRS990EZ/BooksInCareOfDetail/PhoneNum04084468398
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt020922 Hanford Dr
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cupertino
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt042774
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt090632
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt045425
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2697
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0122360
IRS990EZ/Form990TotalAssetsGrp/EOYAmt095541
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt042323
IRS990EZ/GrossReceiptsAmt045436
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt011
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0120771
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0118074
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0120771
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt090632
IRS990EZ/OccupancyRentUtltsAndMaintAmt0120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Patrick Tsao
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt079586
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04909
IRS990EZ/OtherExpensesTotalAmt05690
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Expand appreciation of Chinese culture and language
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Expand appreciation of Chinese culture and language
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt058073
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt045425
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01589
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt04909
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt048133
IRS990EZ/TotalProgramServiceExpensesAmt058073
IRS990EZ/TotalRevenueAmt045436
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt045425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt044781
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0141071
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0141071
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt044781
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0141071
IRS990ScheduleA/TotalSupportAmt0141071
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: Charitable | Donee's Name: Educational Foundation | Donee's Address: P.O. Box 700130 San Jose CA 95170 | Relationship of Donee: Nose | Cash Amount Given: $42323
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $373
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $490
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Immersion $1305
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Educational $1100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Spcl Cultural $716
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Disaster Relief $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Cultural Actt $440
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Transportation $230
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Language $148
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Library $121
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounting $60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Communications $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Seminar $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Auto $36
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Onsite Bus $33
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Retreat $20
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Bank Charges $13
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Licenses $4
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Machinery and Equipment - Beginning $3649 Machinery and Equipment - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Miscellaneous - Beginning $4909 Miscellaneous - Ending $4909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Notes and Loans Receivable - Beginning $60000 Notes and Loans Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23Misc - Beginning $11028 Misc - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24CR Card Payable - Beginning $1 CR Card Payable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25Misc - Beginning $1588 Misc - Ending $4909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26To correct prior year balance
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Other Expenses.11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Other Expenses.13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Other Expenses.14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Other Expenses.15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Other Expenses.16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Other Assets.1004
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Other Assets.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25Total Liabilities.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26To correct prior year balance
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Tsao
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lotus Educational Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0LOTU
ReturnHeader/Filer/EIN0371462953
ReturnHeader/Filer/PhoneNum04084468398
ReturnHeader/Filer/USAddress/AddressLine1Txt01131 S De Anza Blvd
ReturnHeader/Filer/USAddress/CityNm0San Jose
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095129
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Harvey A Armas CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01186 W Shaw Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fresno
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093711
ReturnHeader/PreparerPersonGrp/PhoneNum05592240424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Harvey Armas
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-02T08:37:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$95,541
Liabilities
$4,909
Net assets
$118,074
Revenue
$45,436
Expenses
$48,133
Net income
-$2,697
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.70$0.77$0.28$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.60$0.00$0.11$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.02$0.68$0.00$0.25$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.05$1.18$0.45$0.48$0.03