Civic Intelligence

Mythical Lotus Foundation

990 • Fiscal year 2023 • EIN 84-3718975

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileN/A
302 Toyon Ave Suite F177San Jose, CA 95127

(408) 709-6969

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

91st percentile

61%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-17%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$2,540,810

Up $963,067 (+61%) from 2022

Net Assets

Up

$2,540,810

Up $963,746 (+61%) from 2022

Liabilities

Down

$0

Down $679 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin93rd percentile

Revenue

Down

$1,507,938

Down $298,006 (-17%) from 2022

Expenses

Down

$606,121

Down $277,398 (-31%) from 2022

Net Income

Down

$901,817

Down $20,608 (-2.2%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$3.0M$2.0M$1.0M$0Assets 2019: $397,329Liabilities 2019: $0Net Assets 2019: $397,3292019Assets 2021: $654,639Liabilities 2021: $0Net Assets 2021: $654,6392021Assets 2022: $1,577,743Liabilities 2022: $679Net Assets 2022: $1,577,0642022Assets 2023: $2,540,810Liabilities 2023: $0Net Assets 2023: $2,540,8102023Assets 2024: $2,778,904Liabilities 2024: $121,807Net Assets 2024: $2,657,0972024

Highlighted filing

2023

Assets$2,540,810
Liabilities$0
Net Assets$2,540,810
Open 2023 Filing

Operations Trend

Revenue Growth20th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $401,000Expenses 2019: $3,671Net Income 2019: $397,3292019Revenue 2021: $1,296,469Expenses 2021: $1,380,501Net Income 2021: -$84,0322021Revenue 2022: $1,805,944Expenses 2022: $883,519Net Income 2022: $922,4252022Revenue 2023: $1,507,938Expenses 2023: $606,121Net Income 2023: $901,8172023Revenue 2024: $780,112Expenses 2024: $663,826Net Income 2024: $116,2862024

Highlighted filing

2023

Revenue$1,507,938
Expenses$606,121
Net Income$901,817
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,560,098
Mission and Program Overview

Mission

Educate people on meditation benefits and how to improve bodily health and mental. Help groups that are in need to better their lives. Visit orphan kids around the world to help.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$725,000$1,760,000▲ $1,035,000
Land, Buildings, and Equipment, Net$812,004$574,620▼ $237,384
Accounts Receivable$359$133,433▲ $133,074
Cash and Non-Interest-Bearing Accounts$15,378$47,757▲ $32,379
Prepaid Expenses and Deferred Charges$25,000$25,000→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,577,743$2,540,810▲ $963,067
Other Assets Total$2$0▼ $2
Liabilities
Other Liabilities$679--
Total Liabilities$679$0▼ $679
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,577,064$2,540,810▲ $963,746
Total Net Assets Fund Balance$1,577,064$2,540,810▲ $963,746
Total Liabilities and Net Assets / Fund Balance$1,577,743$2,540,810▲ $963,067

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$574,620$375,487$950,107
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Dan NgoCEO
Davien HoangCFO & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,452,650
Program Service Revenue
$0
Investment Income
$55,288
Other Revenue
$0
All Other Contributions
$1,452,650
Change in Net Assets
$901,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$325,413
Other Expenses$280,708
Total Fundraising Expense$28,073
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,413--$325,413
Depreciation Depletion$148,279$74,140$24,713$247,132
Office Expenses$3,556$1,777$593$5,926
Insurance$2,729$1,365$455$4,549
All Other Expenses$1,669$835$279$2,783
Advertising$1,397$698$233$2,328
Other Expenses$808$403$135$1,346
Total Functional Expenses$493,837$84,211$28,073$606,121
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Dan ngo (ceo) and davien hoang (cfo and secretary) are husband and wife.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by governing body prior to filing.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Form 990, Part VI, Section C, Line 19

“Information is available upon written request by mail.”

Filing and Contact Details

Filer

Filer Name
Mythical Lotus Foundation
EIN
84-3718975
Address
302 TOYON AVE SUITE F177, SAN JOSE, CA 95127

Signing Officer

Name
Davien Hoang
Title
CFO & Secretary
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Davien Hoang
Formed
2019
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Wang Accountancy Corp
Address
2050 Concourse Dr Ste 34, San Jose, CA 95131
Preparer
Jung-Mei Rosemary Wang
Phone
4089981688
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAN NGO (CEO) AND DAVIEN HOANG (CFO AND SECRETARY) ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE UPON WRITTEN REQUEST BY MAIL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01577743
IRS990/TotalAssetsEOYAmt02540810
IRS990/TotalAssetsGrp/BOYAmt01577743
IRS990/TotalAssetsGrp/EOYAmt02540810
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01452650
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028073
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084211
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0493837
IRS990/TotalFunctionalExpensesGrp/TotalAmt0606121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0679
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0679
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01577064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02540810
IRS990/TotalProgramServiceExpensesAmt0493837
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt014
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01507938
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01577743
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02540810
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0302 TOYON AVE SUITE F177
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095127
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVIEN HOANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO & SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MYTHICAL LOTUS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MYTH
ReturnHeader/Filer/EIN0843718975
ReturnHeader/Filer/USAddress/AddressLine1Txt0302 TOYON AVE SUITE F177
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095127
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770559827
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wang Accountancy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02050 Concourse Dr Ste 34
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Jose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095131
ReturnHeader/PreparerPersonGrp/PhoneNum04089981688
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jung-Mei Rosemary Wang
ReturnHeader/ReturnTs02024-11-15T17:47:21-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,540,810
Liabilities
$0
Net assets
$2,540,810
Revenue
$1,507,938
Expenses
$606,121
Net income
$901,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.12$2.66$0.78$0.66$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$1.51$0.61$0.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.00$1.58$1.81$0.88$0.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$1.30$1.38$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.40$0.00$0.40