Civic Intelligence

Lotus Educational Foundation Inc.

990EZ • Fiscal year 2020 • EIN 37-1462953

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 15, 2021

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

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$69,850

Down $25,691 (-27%) from 2016

Net Assets

Down

$67,850

Down $22,782 (-25%) from 2016

Liabilities

Down

$2,000

Down $2,909 (-59%) from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $45,436 (-100%) from 2016

Expenses

Down

$24,850

Down $23,283 (-48%) from 2016

Net Income

Down

-$24,850

Down $22,153 (-821%) from 2016

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$100K$50K$0Assets 2016: $95,541Liabilities 2016: $4,909Net Assets 2016: $90,6322016Assets 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

2020

Assets$69,850
Liabilities$2,000
Net Assets$67,850
Open 2020 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

2020

Revenue$0
Expenses$24,850
Net Income-$24,850
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 15, 2021
Return Version
2020v4.0
Mission and Program Overview

Mission

Expand appreciation of Chinese culture and language

Program Services

DescriptionGrantsExpenses
Expand appreciation of Chinese culture and language--
Compensation and Service Providers
Top Officer Pay76th 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
Phone
4084468398
Signed
2021-04-15
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: $24850”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $0 Secured Mortgages and Notes Payable - Ending $2000”

Raw XML Appendix121 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/BOYAmt092700
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt069850
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-24850
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt092700
IRS990EZ/Form990TotalAssetsGrp/EOYAmt069850
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt024850
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt092700
IRS990EZ/NetAssetsOrFundBalancesEOYAmt067850
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt092700
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt067850
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Patrick Tsao
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Expand appreciation of Chinese culture and language
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Expand appreciation of Chinese culture and language
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt024850
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt016300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt081308
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt081308
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt016300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045425
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt081308
IRS990ScheduleA/TotalSupportAmt081308
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: $24850
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Secured Mortgages and Notes Payable - Beginning $0 Secured Mortgages and Notes Payable - Ending $2000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Total Liabilities.1007
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Tsao
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04084468398
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-15
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/PreparerFirmEIN0942362440
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/ReturnTs02021-04-15T16:29:02-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Patrick
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Tsao
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,850
Liabilities
$2,000
Net assets
$67,850
Revenue
$0
Expenses
$24,850
Net income
-$24,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.7$69.7$76.8$28.3$48.5
2022Detailed filing. Detailed filing data is available for this year.$60.4$60.4$0.06$10.8$10.7
2020Detailed filing. Detailed filing data is available for this year.$69.9$2.00$67.9$0.00$24.9$24.9
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.5$4.91$90.6$45.4$48.1$2.70