Lotus School For Excellence Inc
- Assets
- $7.3m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 116
- Location
- Aurora, CO
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 20-0419295
Organization Overview
Lotus School For Excellence Inc is located in Aurora, CO. The organization was established in 2007. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Lotus School For Excellence Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus School For Excellence Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lotus School For Excellence Inc generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $15.7m during the year ending 06/2022. While expenses have increased by 13.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE STUDENTS TO UNDERSTAND AND APPLY KNOWLEDGE AND SKILLS IN MATH, SCIENCE AND TECHNOLOGY, AND TO WORK PRODUCTIVELY IN A MULTICULTURAL GLOBAL ENVIRONMENT. STUDENT ENROLLMENT IS APPROXIMATELY 950.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES INCLUDE ALL COSTS NECESSARY TO OPERATE THE SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Williams Executive Director | Officer | 40 | $155,000 |
Yavus Durmus Secondary Principal | Officer | 40 | $140,361 |
H Ray Keith Member | Trustee | 1 | $0 |
Angelina Velez-Reyes Secretary | Trustee | 1 | $0 |
Haregewoin Weledmariam Treasurer | Trustee | 1 | $0 |
Don Knapp President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,151,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,151,265 |
| Total Program Service Revenue | $11,884,157 |
| Investment income | $6,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,341,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,000 |
| Compensation of current officers, directors, key employees. | $155,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,747,816 |
| Pension plan accruals and contributions | $1,624,758 |
| Other employee benefits | $514,273 |
| Payroll taxes | $81,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,913 |
| Fees for services: Accounting | $96,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,704 |
| Advertising and promotion | $77,340 |
| Office expenses | $26,114 |
| Information technology | $69,800 |
| Royalties | $0 |
| Occupancy | $1,787,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $52,331 |
| Conferences, conventions, and meetings | $16,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,265 |
| Insurance | $84,769 |
| All other expenses | $17,065 |
| Total functional expenses | $15,668,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,344,700 |
| Savings and temporary cash investments | $50,459 |
| Pledges and grants receivable | $454,883 |
| Accounts receivable, net | $263,076 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,664 |
| Net Land, buildings, and equipment | $115,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,046,598 |
| Total assets | $7,284,947 |
| Accounts payable and accrued expenses | $1,462,892 |
| Grants payable | $0 |
| Deferred revenue | $3,030 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,792,743 |
| Total liabilities | $18,258,665 |
| Net assets without donor restrictions | -$10,973,718 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,284,947 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lotus School For Excellence Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Partnership For Child Development Colorado Springs, CO | $11,980,221 | $22,909,576 |
Lotus School For Excellence Inc Aurora, CO | $7,284,947 | $15,341,421 |
Illustrative Mathematics Oro Valley, AZ | $5,801,016 | $11,729,780 |
Arizona Education Association Phoenix, AZ | $8,129,999 | $7,870,679 |
Utah Education Association Murray, UT | $7,296,139 | $4,327,639 |
Nebraska Council Of School Adminstrators Lincoln, NE | $3,184,924 | $1,897,301 |
Americans For Fair Treatment Inc Oklahoma City, OK | $1,029,037 | $2,472,942 |
Kundalini Research Institute Santa Cruz, NM | $2,413,444 | $1,657,975 |
Saint John Institute Engelwood, CO | $3,058,587 | $1,464,228 |
Nebraska Cooperative Council Lincoln, NE | $2,793,595 | $1,034,663 |
Padres Unidos Inc Denver, CO | $1,594,070 | $1,211,792 |
Academy Of Excellence Inc Phoenix, AZ | $1,555,753 | $811,191 |