Civic Intelligence

Lotus Endowment Fund Inc.

990 • Fiscal year 2015 • EIN 92-0233563

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 28, 2016

Organization ProfileWWW.LOTUSENDOWMENT.ORG
3921 Alton Road No 470Miami Beach, FL 33140

(305) 613-1573

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

40th percentile

0.13x

Higher debt load relative to revenue than 40% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

41st percentile

-1.0%

Faster asset growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$5,426,082

Down $54,429 (-1.0%) from 2014

Net Assets

Down

$5,390,402

Down $90,109 (-1.6%) from 2014

Liabilities

Up

$35,680

Up $35,680 from 2014

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin95th percentile

Revenue

Down

$285,247

Down $1,031,744 (-78%) from 2014

Expenses

Up

$87,940

Up $800 (+0.9%) from 2014

Net Income

Down

$197,307

Down $1,032,544 (-84%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$150M$100M$50M$0Assets 2010: $3,297,752Liabilities 2010: $50Net Assets 2010: $3,297,7022010Assets 2011: $3,529,381Liabilities 2011: $0Net Assets 2011: $3,529,3812011Assets 2012: $4,040,541Liabilities 2012: $0Net Assets 2012: $4,040,5412012Assets 2013: $4,591,284Liabilities 2013: $79,170Net Assets 2013: $4,512,1142013Assets 2014: $5,480,511Liabilities 2014: $0Net Assets 2014: $5,480,5112014Assets 2015: $5,426,082Liabilities 2015: $35,680Net Assets 2015: $5,390,4022015Assets 2016: $33,365,913Liabilities 2016: $26,540,562Net Assets 2016: $6,825,3512016Assets 2017: $41,108,764Liabilities 2017: $27,845,188Net Assets 2017: $13,263,5762017Assets 2018: $42,850,608Liabilities 2018: $27,483,987Net Assets 2018: $15,366,6212018Assets 2019: $42,224,357Liabilities 2019: $26,861,948Net Assets 2019: $15,362,4092019Assets 2020: $43,201,245Liabilities 2020: $26,558,126Net Assets 2020: $16,643,1192020Assets 2021: $47,005,317Liabilities 2021: $29,526,541Net Assets 2021: $17,478,7762021Assets 2022: $68,843,457Liabilities 2022: $45,910,013Net Assets 2022: $22,933,4442022Assets 2023: $101,694,053Liabilities 2023: $66,542,545Net Assets 2023: $35,151,5082023Assets 2024: $107,409,587Liabilities 2024: $68,945,667Net Assets 2024: $38,463,9202024

Highlighted filing

2015

Assets$5,426,082
Liabilities$35,680
Net Assets$5,390,402
Open 2015 Filing

Operations Trend

Revenue Growth2nd percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $33,9052010Expenses 2011: $76,0892011Expenses 2012: $63,0702012Revenue 2013: $702,787Expenses 2013: $309,174Net Income 2013: $393,6132013Revenue 2014: $1,316,991Expenses 2014: $87,140Net Income 2014: $1,229,8512014Revenue 2015: $285,247Expenses 2015: $87,940Net Income 2015: $197,3072015Revenue 2016: $2,557,399Expenses 2016: $1,043,664Net Income 2016: $1,513,7352016Revenue 2017: $5,474,582Expenses 2017: $368,666Net Income 2017: $5,105,9162017Revenue 2018: $2,927,013Expenses 2018: $1,495,859Net Income 2018: $1,431,1542018Revenue 2019: $1,080,850Expenses 2019: $1,796,056Net Income 2019: -$715,2062019Revenue 2020: $1,884,074Expenses 2020: $1,612,228Net Income 2020: $271,8462020Revenue 2021: $1,449,247Expenses 2021: $1,924,248Net Income 2021: -$475,0012021Revenue 2022: $9,179,759Expenses 2022: $1,840,722Net Income 2022: $7,339,0372022Revenue 2023: $13,194,133Expenses 2023: $2,145,053Net Income 2023: $11,049,0802023Revenue 2024: $4,216,570Expenses 2024: $1,919,903Net Income 2024: $2,296,6672024

Highlighted filing

2015

Revenue$285,247
Expenses$87,940
Net Income$197,307
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 28, 2016
Return Version
2015v2.1
Gross Receipts
$445,698
Mission and Program Overview

Mission

Lotus endowment fund, inc. Is a type ii supporting organization under section 509(a)(3)(b)(ii) of the internal revenue code, and supports the sundari foundation, inc., a public charity qualifying under code sections 501(c)(3) and 509(a)(1). It owns the facilities known as the lotus house women's shelter and leases such facilities to the sundari foundation, inc. Pursuant to a 50 year lease at an annual rent of $1 per year. The facilities are used by the sundari foundation, inc. In connection with its charitable purpose as a shelter and resource center for homeless women and children. Lotus endowment fund, inc. Raises grants, donations, and contributions for the benefit of the sundari foundation, inc. So that the sundari foundation, inc. Can carry-out its charitable and educational purposes. Lotus endowment fund provided the facilities for operations of the lotus house women's shelter by the sundari foundation, inc., the charitable foundation it was formed to support.

The organization provides the facilities for operations of the lotus house women's shelter by the sundari foundation, inc., the charitable foundation it was formed to support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,086,917$3,735,441▲ $648,524
Investments in Publicly Traded Securities$840,225$820,728▼ $19,497
Cash and Non-Interest-Bearing Accounts$1,082,902$607,699▼ $475,203
Savings and Temporary Cash Investments$9,254--
Total Assets$5,480,511$5,426,082▼ $54,429
Other Assets Total$461,213$262,214▼ $198,999
Liabilities
Accounts Payable and Accrued Expenses-$31,328-
Unsecured Notes Loans Payable-$4,352-
Total Liabilities$0$35,680▲ $35,680
Net Assets / Fund Balance
Unrestricted Net Assets$4,400,924$4,805,722▲ $404,798
Temporarily Rstr Net Assets$1,079,587$584,680▼ $494,907
Total Net Assets Fund Balance$5,480,511$5,390,402▼ $90,109
Total Liabilities and Net Assets / Fund Balance$5,480,511$5,426,082▼ $54,429

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,628,457$233,911$1,862,368
Land$1,484,329-$1,484,329
Leasehold Improvements$603,931$48,517$652,448
Equipment$18,724$5,658$24,382

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,079,587--$494,907$584,680
2014$191,500$1,076,000-$187,913$1,079,587
2013$102,000$424,000-$334,500$191,500
2012-$102,000--$102,000
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Constance CollinsPresident
Julie LotspeichVice President
Angela WhitmanDirector
Anita BroadDirector
Debra WechslerDirector
John SumbergDirector
Martin MarguliesDirector
Richard BermontDirector
Kathryn VillanoSecretary
Rafael MoreraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,525
Program Service Revenue
$0
Investment Income
$40,722
Other Revenue
$0
All Other Contributions
$244,525
Change in Net Assets
$197,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,247
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$283,451
Total Revenue per Audited Statements
$568,698
Total Revenue per Form 990
$285,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$65,507--$65,507
Fees for Services Other-$15,673-$15,673
Fees for Services Management-$4,676-$4,676
Other Expenses-$1,685-$1,685
Office Expenses-$399-$399
Total Functional Expenses$65,507$22,433$0$87,940

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$658,807
Expenses Not Reported on Form 990$570,867
Expenses per Audited Statements$87,940
Total Expenses per Form 990$87,940
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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

“Julie lotspeich (vice president) and kathryn villano (secretary) are sisters.”

Form 990, Part VI, Section B, Line 11

“The draft of form 990 was provided to the board for review and comments prior to filing, in addition to being reviewed and approved by the president and vice president of the foundation.”

Form 990, Part VI, Section B, Line 12C

“No officer or employee shall solicit or accept any gift, gratuity, favor, compensation,or anything of value, in cash or in kind, from any existing or prospective contractor or recipient or beneficiary of expenditures of the fund, except for a gift that is an unsolicited item of nominal value or as otherwise may be fully disclosed to and expressly approved by the board. No officer, employee or agent may participate in the selection, award or administration of a contract supported by grant program funds from governmental sources if a real or apparent conflict of interest would be involved. Such a conflict may arise when any of the following parties has a financial or other interest in the firm selected for the award: an employee, officer or agent of the fund; any member of an employee's, officer's or agent's immediate family; an employee's, agent's or officer's partner; or an organization which employs or is about to employ any of the parties in the preceding sections.”

Form 990, Part VI, Section B, Line 15

“Special procedures are in place for board review if there should be a compensation level for an employee exceeding $55,000. Compensation for all employees will be reviewed and subject to board approval annually. Presently, there are no employees.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. This information is also posted on guidestar's website.”

Filing and Contact Details

Filer

Filer Name
Lotus Endowment Fund Inc
EIN
92-0233563
Phone
3056131573
Address
3921 ALTON ROAD NO 470, MIAMI BEACH, FL 33140

Signing Officer

Name
Constance Collins
Title
President
Phone
3056131573
Signed
2016-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Constance Collins
Formed
2007
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
8

Preparer

Firm
Goldstein Schechter Koch
Address
2121 PONCE DE LEON BLVD STE 1100, CORAL GABLES, FL 33134
Preparer
Lawrence C Elmer
Phone
3054422200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 0. Management and general expenses 15,673. Fundraising expenses 0. Total expenses 15,673.”

FORM 990, PART XI, LINE 9:

“Loss on impairment of art & poetry portfolio -230,199.”

PART XII LINE 2C:

“No change from prior year.”

Financial Statement Notes

PART III, LINE 4:

“Lotus endowment fund sponsored the creation of a special, limited edition portfolio of photography and poetry, called by and about women, to raise public awareness of the special needs of women who are homeless, how the lotus house women's shelter (an initiative of the sundari foundation) addresses those needs in a unique way, and to raise funds for the endowment, so that lotus house may serve as a resource for women and children in need for generations to come. The portfolio consists of the original works of nine women artists from around the world.”

PART X, LINE 2:

“The endowment adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The endowment has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. The endowment believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the endowment's financial condition, results of operations or cash flows. Accordingly, the endowment has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2015. The endowment is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The endowment believes it is no longer subject to income tax examinations for years prior to 2012.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on impairment of art & poetry portfolio -230,199.”

Raw XML AppendixShowing 400 of 495 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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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0288086
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03086917
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03735441
IRS990/LandBldgEquipCostOrOtherBssAmt04023527
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0160451
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LOTUS ENDOWMENT FUND, INC. IS A TYPE II SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3)(B)(II) OF THE INTERNAL REVENUE CODE, AND SUPPORTS THE SUNDARI FOUNDATION, INC., A PUBLIC CHARITY QUALIFYING UNDER CODE SECTIONS 501(C)(3) AND 509(A)(1). IT OWNS THE FACILITIES KNOWN AS THE LOTUS HOUSE WOMEN'S SHELTER AND LEASES SUCH FACILITIES TO THE SUNDARI FOUNDATION, INC. PURSUANT TO A 50 YEAR LEASE AT AN ANNUAL RENT OF $1 PER YEAR. THE FACILITIES ARE USED BY THE SUNDARI FOUNDATION, INC. IN CONNECTION WITH ITS CHARITABLE PURPOSE AS A SHELTER AND RESOURCE CENTER FOR HOMELESS WOMEN AND CHILDREN. LOTUS ENDOWMENT FUND, INC. RAISES GRANTS, DONATIONS, AND CONTRIBUTIONS FOR THE BENEFIT OF THE SUNDARI FOUNDATION, INC. SO THAT THE SUNDARI FOUNDATION, INC. CAN CARRY-OUT ITS CHARITABLE AND EDUCATIONAL PURPOSES. LOTUS ENDOWMENT FUND PROVIDED THE FACILITIES FOR OPERATIONS OF THE LOTUS HOUSE WOMEN'S SHELTER BY THE SUNDARI FOUNDATION, INC., THE CHARITABLE FOUNDATION IT WAS FORMED TO SUPPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05480511
IRS990/NetAssetsOrFundBalancesEOYAmt05390402
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04397
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04397
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-57217
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0399
IRS990/OfficeExpensesGrp/TotalAmt0399
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0461213
IRS990/OtherAssetsTotalGrp/EOYAmt0262214
IRS990/OtherChangesInNetAssetsAmt0-230199
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01685
IRS990/OtherExpensesGrp/TotalAmt01685
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CONSTANCE COLLINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01188670
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0123818
IRS990/PYOtherExpensesAmt087140
IRS990/PYOtherRevenueAmt04503
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01229851
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt087140
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01316991
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0197307
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09254
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0A MAJORITY OF THE ORGANIZATION'S DIRECTORS DURING THE TAX YEAR WERE NOT ALSO A MAJORITY OF THE DIRECTORS IN THE SUPPORTED ORGANIZATION. THEREFORE, CONTROL OR MANAGEMENT OF THE SUPPORTING ORGANIZATION WAS NOT VESTED IN THE SAME PERSONS THAT CONTROLLED OR MANAGED THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0810652266
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE SUNDARI FOUNDATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01628457
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0233911
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01862368
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0TO RAISE FUNDS
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01079587
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0584680
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0494907
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0191500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01076000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01079587
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0187913
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0102000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0424000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0191500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0334500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0102000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0102000
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0570867
IRS990ScheduleD/DonatedServicesUseFcltsAmt0570867
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt018724
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05658
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024382
IRS990ScheduleD/ExpensesNotReportedAmt0570867
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt087940
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HeldWorksArtGrp/AssetsIncludedAmt0230199
IRS990ScheduleD/LandGrp/BookValueAmt01484329
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01484329
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0603931
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt048517
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0652448
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-57217
IRS990ScheduleD/OtherRevenueAmt0-230199
IRS990ScheduleD/RevenueNotReportedAmt0283451
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0285247
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOTUS ENDOWMENT FUND SPONSORED THE CREATION OF A SPECIAL, LIMITED EDITION PORTFOLIO OF PHOTOGRAPHY AND POETRY, CALLED BY AND ABOUT WOMEN, TO RAISE PUBLIC AWARENESS OF THE SPECIAL NEEDS OF WOMEN WHO ARE HOMELESS, HOW THE LOTUS HOUSE WOMEN'S SHELTER (AN INITIATIVE OF THE SUNDARI FOUNDATION) ADDRESSES THOSE NEEDS IN A UNIQUE WAY, AND TO RAISE FUNDS FOR THE ENDOWMENT, SO THAT LOTUS HOUSE MAY SERVE AS A RESOURCE FOR WOMEN AND CHILDREN IN NEED FOR GENERATIONS TO COME. THE PORTFOLIO CONSISTS OF THE ORIGINAL WORKS OF NINE WOMEN ARTISTS FROM AROUND THE WORLD.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ENDOWMENT ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ENDOWMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ENDOWMENT BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ENDOWMENT'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ENDOWMENT HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2015. THE ENDOWMENT IS SUBJECT TO ROUTINE AUDITS BY TAX JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ENDOWMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON IMPAIRMENT OF ART & POETRY PORTFOLIO -230,199.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03735441
IRS990ScheduleD/TotalExpensesPerForm990Amt087940
IRS990ScheduleD/TotalRevenuePerForm990Amt0285247
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0568698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0658807
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JULIE LOTSPEICH (VICE PRESIDENT) AND KATHRYN VILLANO (SECRETARY) ARE SISTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT OF FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW AND COMMENTS PRIOR TO FILING, IN ADDITION TO BEING REVIEWED AND APPROVED BY THE PRESIDENT AND VICE PRESIDENT OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OFFICER OR EMPLOYEE SHALL SOLICIT OR ACCEPT ANY GIFT, GRATUITY, FAVOR, COMPENSATION,OR ANYTHING OF VALUE, IN CASH OR IN KIND, FROM ANY EXISTING OR PROSPECTIVE CONTRACTOR OR RECIPIENT OR BENEFICIARY OF EXPENDITURES OF THE FUND, EXCEPT FOR A GIFT THAT IS AN UNSOLICITED ITEM OF NOMINAL VALUE OR AS OTHERWISE MAY BE FULLY DISCLOSED TO AND EXPRESSLY APPROVED BY THE BOARD. NO OFFICER, EMPLOYEE OR AGENT MAY PARTICIPATE IN THE SELECTION, AWARD OR ADMINISTRATION OF A CONTRACT SUPPORTED BY GRANT PROGRAM FUNDS FROM GOVERNMENTAL SOURCES IF A REAL OR APPARENT CONFLICT OF INTEREST WOULD BE INVOLVED. SUCH A CONFLICT MAY ARISE WHEN ANY OF THE FOLLOWING PARTIES HAS A FINANCIAL OR OTHER INTEREST IN THE FIRM SELECTED FOR THE AWARD: AN EMPLOYEE, OFFICER OR AGENT OF THE FUND; ANY MEMBER OF AN EMPLOYEE'S, OFFICER'S OR AGENT'S IMMEDIATE FAMILY; AN EMPLOYEE'S, AGENT'S OR OFFICER'S PARTNER; OR AN ORGANIZATION WHICH EMPLOYS OR IS ABOUT TO EMPLOY ANY OF THE PARTIES IN THE PRECEDING SECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SPECIAL PROCEDURES ARE IN PLACE FOR BOARD REVIEW IF THERE SHOULD BE A COMPENSATION LEVEL FOR AN EMPLOYEE EXCEEDING $55,000. COMPENSATION FOR ALL EMPLOYEES WILL BE REVIEWED AND SUBJECT TO BOARD APPROVAL ANNUALLY. PRESENTLY, THERE ARE NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THIS INFORMATION IS ALSO POSTED ON GUIDESTAR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,673. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,673.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LOSS ON IMPAIRMENT OF ART & POETRY PORTFOLIO -230,199.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE SUNDARI FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LOTUS SUPPORTING FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0810652266
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1810783068
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NON-PROFIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1NON-PROFIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 11B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03921 ALTON ROAD 468
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13921 ALTON ROAD 170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIAMI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MIAMI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd033140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd133140
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,426,082
Liabilities
$35,680
Net assets
$5,390,402
Revenue
$285,247
Expenses
$87,940
Net income
$197,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$68.9$38.5$4.22$1.92$2.30
2023Summary only. Only limited summary data is available for this year.$102$66.5$35.2$13.2$2.15$11.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.8$45.9$22.9$9.18$1.84$7.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.0$29.5$17.5$1.45$1.92$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.2$26.6$16.6$1.88$1.61$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.2$26.9$15.4$1.08$1.80$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$27.5$15.4$2.93$1.50$1.43
2017Summary only. Only limited summary data is available for this year.$41.1$27.8$13.3$5.47$0.37$5.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$26.5$6.83$2.56$1.04$1.51
2015Detailed filing. Detailed filing data is available for this year.$5.43$0.04$5.39$0.29$0.09$0.20
2014Detailed filing. Detailed filing data is available for this year.$5.48$0.00$5.48$1.32$0.09$1.23
2013Detailed filing. Detailed filing data is available for this year.$4.59$0.08$4.51$0.70$0.31$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$0.00$4.04$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$0.00$3.53$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.00$3.30$0.03