Civic Intelligence

Lotus Endowment Fund Inc.

990 • Fiscal year 2022 • EIN 92-0233563

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

Organization ProfileWWW.LOTUSENDOWMENT.ORG
3921 Alton Road 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

81st percentile

0.67x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

5.00x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

93rd percentile

46%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

533%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$68,843,457

Up $21,838,140 (+46%) from 2021

Net Assets

Up

$22,933,444

Up $5,454,668 (+31%) from 2021

Liabilities

Up

$45,910,013

Up $16,383,472 (+55%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin96th percentile

Revenue

Up

$9,179,759

Up $7,730,512 (+533%) from 2021

Expenses

Down

$1,840,722

Down $83,526 (-4.3%) from 2021

Net Income

Up

$7,339,037

Up $7,814,038 (+1645%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2022

Assets$68,843,457
Liabilities$45,910,013
Net Assets$22,933,444
Open 2022 Filing

Operations Trend

Revenue Growth99th 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

2022

Revenue$9,179,759
Expenses$1,840,722
Net Income$7,339,037
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$9,179,759
Mission and Program Overview

Mission

The lotus endowment fund, inc. Is a 501(c)(3) supporting foundation for the sundari foundation, inc. And its initiatives, including the lotus house women's shelter. The endowment fund was formed to secure the financial stability and long-term viability of the sundari foundation, so the lotus house will serve as a resource for women, children and youth in need for generations to come. Part iii, line 1 lotus endowment fund, inc. Owns the facilities located at 2040 nw 7th ave, miami, fl 33127 and 420 nw 35th street, miami, fl 33127 and leases such facilities to the sundari foundation, inc. Pursuant to a 50 year lease at an annual rent of 1 per year. For 2022, the annual rental value of such facilities was approximately 168,000. Lotus village ii, llc, a wholly owned subsidiary of lotus endowment fund, inc., owns the vacant land located at 219 nw 14th terrace, miami florida and leases such land to the sundari foundation, inc. There is no rent or value attributed to such leased land. It is p

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,563,184$29,904,751▲ $2,341,567
Cash and Non-Interest-Bearing Accounts$5,355,975$24,670,374▲ $19,314,399
Investments in Publicly Traded Securities$12,441,416$8,837,538▼ $3,603,878
Pledges and Grants Receivable$1,570,506$5,182,003▲ $3,611,497
Total Assets$47,005,317$68,843,457▲ $21,838,140
Other Assets Total$74,236$248,791▲ $174,555
Liabilities
Mortgage Notes Payable Secured by Investment Property$29,500,000$45,866,198▲ $16,366,198
Accounts Payable and Accrued Expenses$26,541$43,815▲ $17,274
Total Liabilities$29,526,541$45,910,013▲ $16,383,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,339,711$20,456,059▲ $6,116,348
Net Assets With Donor Restrictions$3,139,065$2,477,385▼ $661,680
Total Net Assets Fund Balance$17,478,776$22,933,444▲ $5,454,668
Total Liabilities and Net Assets / Fund Balance$47,005,317$68,843,457▲ $21,838,140

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,222,112$4,122,317$27,344,429
Land$6,279,763-$6,279,763
Leasehold Improvements$260,819$77,116$337,935
Equipment$56,040$55,436$111,476
Other Land Buildings$86,017$18,132$104,149
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Constance CollinsPresident &
Angela WhitmanDirector
Anita BroadDirector
Debra WechslerDirector
Kathryn VillanoDirector
Leila CentnerDirector
Martin MarguliesDirector
Julie LotspeichSecty, Treas
John SumbergVP & Directo
Revenue and Support

Revenue Composition

Contributions and Grants
$8,652,217
Program Service Revenue
$0
Investment Income
$331,542
Other Revenue
$196,000
All Other Contributions
$8,652,217
Change in Net Assets
$7,339,037

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$60,121Fair Market Value (FMV)
Total Noncash Contributions3$60,121-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,179,759
Revenue Not Reported on Form 990
$-1,718,177
Total Revenue per Audited Statements
$7,461,582
Total Revenue per Form 990
$9,179,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,436,877
Grants and Similar Amounts Paid$383,989
Salaries, Compensation, and Employee Benefits$19,856
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$886,327--$886,327
Interest$406,363--$406,363
Grants to Domestic Orgs$383,989--$383,989
Fees for Services Accounting-$58,750-$58,750
Fees for Services Other-$20,430-$20,430
Other Salaries and Wages-$18,269-$18,269
Other Expenses-$3,527-$3,527
Advertising-$3,083-$3,083
Payroll Taxes-$1,587-$1,587
Office Expenses-$1,361-$1,361
All Other Expenses-$1,166-$1,166
Travel-$762-$762
Conferences and Meetings-$199-$199
Total Functional Expenses$1,676,679$164,043$0$1,840,722

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,006,914
Expenses per Audited Statements$1,840,722
Total Expenses per Form 990$1,840,722
Expenses Not Reported on Form 990$166,192
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Sundari Foundation IncMiami, FL501c3Shelter and Facility$383,989
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
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Kathryn villano julie lotspeich director secy/treas sisters”

Form 990, Page 6, Part VI, Line 11B

“The draft of form 990 is 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, Page 6, Part VI, 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, Page 6, Part VI, Line 15A

“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.”

Form 990, Page 6, Part VI, Line 15B

“Special procedures are in place for board review if there should be a compensation level for an employee exceding 55,000. Compensation for all employees will be reviewed and subject to board approval annually.”

Form 990, Page 6, Part VI, 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 470, MIAMI BEACH, FL 33140

Signing Officer

Name
Constance Collins
Title
President & Director
Phone
3055764780
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Constance Collins
Formed
2007
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
1

Preparer

Firm
Caballero Fierman Llerena & Garcia Llp
Address
8950 SW 74 COURT STE 1210, MIAMI, FL 33156
Preparer
Nestor Caballero CPA Mst
Phone
3056627272
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The lotus endowment fund, inc. Is a 501(c)(3) supporting foundation for the sundari foundation, inc. And its initiatives, including the lotus house women's shelter. The endowment fund was formed to secure the financial stability and long-term viability of the sundari foundation, so the lotus house will serve as a resource for women, children and youth in need for generations to come. Part iii, line 1 lotus endowment fund, inc. Owns the facilities located at 2040 nw 7th ave, miami, fl 33127 and 420 nw 35th street, miami, fl 33127 and leases such facilities to the sundari foundation, inc. Pursuant to a 50 year lease at an annual rent of 1 per year. For 2022, the annual rental value of such facilities was approximately 168,000. Lotus village ii, llc, a wholly owned subsidiary of lotus endowment fund, inc., owns the vacant land located at 219 nw 14th terrace, miami florida and leases such land to the sundari foundation, inc. There is no rent or value attributed to such leased land. It is pending development as a new neighborhood children's resources center serving the sheltered children and families of lotus house and its surrounding neighborhoods. All of these facilities are used by the sundari foundation, inc. In connection with its charitable and educational purposes as a shelter and resource center for homeless women and children. Lotus endowment fund, inc. Also 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.”

Financial Statement Notes

Schedule D, Page 2, 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 iniative 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.”

Schedule D, Page 3, Part X

“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, 2022. The endowment is subject to routine audits by taxing 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 2019. The endowment's policy is to classify income tax related interest and penalties in interest expenses and other expenses, respectively.”

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IRS990/ActivityOrMissionDesc0THE LOTUS ENDOWMENT FUND, INC. IS A 501(C)(3) SUPPORTING FOUNDATION FOR THE SUNDARI FOUNDATION, INC. AND ITS INITIATIVES, INCLUDING THE LOTUS HOUSE WOMEN'S SHELTER. THE ENDOWMENT FUND WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, SO THE LOTUS HOUSE WILL SERVE AS A RESOURCE FOR WOMEN, CHILDREN AND YOUTH IN NEED FOR GENERATIONS TO COME. PART III, LINE 1 LOTUS ENDOWMENT FUND, INC. OWNS THE FACILITIES LOCATED AT 2040 NW 7TH AVE, MIAMI, FL 33127 AND 420 NW 35TH STREET, MIAMI, FL 33127 AND LEASES SUCH FACILITIES TO THE SUNDARI FOUNDATION, INC. PURSUANT TO A 50 YEAR LEASE AT AN ANNUAL RENT OF 1 PER YEAR. FOR 2022, THE ANNUAL RENTAL VALUE OF SUCH FACILITIES WAS APPROXIMATELY 168,000. LOTUS VILLAGE II, LLC, A WHOLLY OWNED SUBSIDIARY OF LOTUS ENDOWMENT FUND, INC., OWNS THE VACANT LAND LOCATED AT 219 NW 14TH TERRACE, MIAMI FLORIDA AND LEASES SUCH LAND TO THE SUNDARI FOUNDATION, INC. THERE IS NO RENT OR VALUE ATTRIBUTED TO SUCH LEASED LAND. IT IS P
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECTY, TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP & DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/FormationYr02007
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE LOTUS ENDOWMENT FUND, INC. IS A 501(C)(3) SUPPORTING FOUNDATION FOR THE SUNDARI FOUNDATION, INC. AND ITS INITIATIVES, INCLUDING THE LOTUS HOUSE WOMEN'S SHELTER. THE ENDOWMENT FUND WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, SO THE LOTUS HOUSE WILL SERVE AS A RESOURCE FOR WOMEN, CHILDREN AND YOUTH IN NEED FOR GENERATIONS TO COME. PART III, LINE 1 LOTUS ENDOWMENT FUND, INC. OWNS THE FACILITIES LOCATED AT 2040 NW 7TH AVE, MIAMI, FL 33127 AND 420 NW 35TH STREET, MIAMI, FL 33127 AND LEASES SUCH FACILITIES TO THE SUNDARI FOUNDATION, INC. PURSUANT TO A 50 YEAR LEASE AT AN ANNUAL RENT OF 1 PER YEAR. FOR 2022, THE ANNUAL RENTAL VALUE OF SUCH FACILITIES WAS APPROXIMATELY 168,000. LOTUS VILLAGE II, LLC, A WHOLLY OWNED SUBSIDIARY OF LOTUS ENDOWMENT FUND, INC., OWNS THE VACANT LAND LOCATED AT 219 NW 14TH TERRACE, MIAMI FLORIDA AND LEASES SUCH LAND TO THE SUNDARI FOUNDATION, INC. THERE IS NO RENT OR VALUE ATTRIBUTED TO SUCH LEASED LAND. IT IS P
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IRS990/NetAssetsOrFundBalancesEOYAmt022933444
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0196000
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IRS990/OtherExpensesGrp/Desc0BANK SERVICE CHARGE
IRS990/OtherExpensesGrp/Desc1COMMUNITY OUTREACH
IRS990/OtherExpensesGrp/Desc2LICENSES AND PERMISTS
IRS990/OtherExpensesGrp/Desc3FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025060
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123049
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26800
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33527
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IRS990/OtherExpensesGrp/TotalAmt123049
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05182003
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IRS990/PrincipalOfficerNm0CONSTANCE COLLINS
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYOtherRevenueAmt0196000
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IRS990/PYTotalRevenueAmt01449247
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
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/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0383989
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE SUNDARI FOUNDATION INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0THE SUNDARI FOUNDATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0383989
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt023222112
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04122317
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt027344429
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/CollectionUsedOtherPurposesInd0X
IRS990ScheduleD/CollectionUsedOtherPurposesGrp/OtherPurposesDesc0RAISE FUNDS
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0333904
IRS990ScheduleD/DonatedServicesUseFcltsAmt0166192
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt056040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055436
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0111476
IRS990ScheduleD/ExpensesNotReportedAmt0166192
IRS990ScheduleD/ExpensesSubtotalAmt01840722
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06279763
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06279763
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0260819
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077116
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0337935
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2052081
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt086017
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018132
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0104149
IRS990ScheduleD/RevenueNotReportedAmt0-1718177
IRS990ScheduleD/RevenueSubtotalAmt09179759
IRS990ScheduleD/SolicitedAssetsSaleInd0false
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 INIATIVE 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, 2022. THE ENDOWMENT IS SUBJECT TO ROUTINE AUDITS BY TAXING 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 2019. THE ENDOWMENT'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSES AND OTHER EXPENSES, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART III, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029904751
IRS990ScheduleD/TotalExpensesPerForm990Amt01840722
IRS990ScheduleD/TotalRevenuePerForm990Amt09179759
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07461582
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02006914
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0383989
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SHELTER AND FACILITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE SUNDARI FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0810652266
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03921 ALTON ROAD 468
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIAMI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0STOCKS
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LOTUS ENDOWMENT FUND, INC. IS A 501(C)(3) SUPPORTING FOUNDATION FOR THE SUNDARI FOUNDATION, INC. AND ITS INITIATIVES, INCLUDING THE LOTUS HOUSE WOMEN'S SHELTER. THE ENDOWMENT FUND WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, SO THE LOTUS HOUSE WILL SERVE AS A RESOURCE FOR WOMEN, CHILDREN AND YOUTH IN NEED FOR GENERATIONS TO COME. PART III, LINE 1 LOTUS ENDOWMENT FUND, INC. OWNS THE FACILITIES LOCATED AT 2040 NW 7TH AVE, MIAMI, FL 33127 AND 420 NW 35TH STREET, MIAMI, FL 33127 AND LEASES SUCH FACILITIES TO THE SUNDARI FOUNDATION, INC. PURSUANT TO A 50 YEAR LEASE AT AN ANNUAL RENT OF 1 PER YEAR. FOR 2022, THE ANNUAL RENTAL VALUE OF SUCH FACILITIES WAS APPROXIMATELY 168,000. LOTUS VILLAGE II, LLC, A WHOLLY OWNED SUBSIDIARY OF LOTUS ENDOWMENT FUND, INC., OWNS THE VACANT LAND LOCATED AT 219 NW 14TH TERRACE, MIAMI FLORIDA AND LEASES SUCH LAND TO THE SUNDARI FOUNDATION, INC. THERE IS NO RENT OR VALUE ATTRIBUTED TO SUCH LEASED LAND. IT IS PENDING DEVELOPMENT AS A NEW NEIGHBORHOOD CHILDREN'S RESOURCES CENTER SERVING THE SHELTERED CHILDREN AND FAMILIES OF LOTUS HOUSE AND ITS SURROUNDING NEIGHBORHOODS. ALL OF THESE FACILITIES ARE USED BY THE SUNDARI FOUNDATION, INC. IN CONNECTION WITH ITS CHARITABLE AND EDUCATIONAL PURPOSES AS A SHELTER AND RESOURCE CENTER FOR HOMELESS WOMEN AND CHILDREN. LOTUS ENDOWMENT FUND, INC. ALSO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KATHRYN VILLANO JULIE LOTSPEICH DIRECTOR SECY/TREAS SISTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT OF FORM 990 IS 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/ExplanationTxt3NO 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/ExplanationTxt4SPECIAL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SPECIAL PROCEDURES ARE IN PLACE FOR BOARD REVIEW IF THERE SHOULD BE A COMPENSATION LEVEL FOR AN EMPLOYEE EXCEDING 55,000. COMPENSATION FOR ALL EMPLOYEES WILL BE REVIEWED AND SUBJECT TO BOARD APPROVAL ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0LOTUS ENDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1LOTUS ENDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LOTUS VILLAGE DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1LOTUS VILLAGE II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt025425792
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt13861153
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PROP. DEV.
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1PROP. DEV.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0196000
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1109296
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03921 ALTON ROAD 470
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt13921 ALTON ROAD 470
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MIAMI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1MIAMI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd033140

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$68,843,457
Liabilities
$45,910,013
Net assets
$22,933,444
Revenue
$9,179,759
Expenses
$1,840,722
Net income
$7,339,037
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
2022Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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