Lotus School For Excellence Inc
- Assets
- $6.6m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 167
- Location
- Aurora, CO
- Founding
- 09/2007
- Data as of
- 06/2023
- 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 06/2023, Lotus School For Excellence Inc employed 167 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 06/2023, Lotus School For Excellence Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $15.9m during the year ending 06/2023. While expenses have increased by 7.3% per year over the past 4 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bobby Allen Interim Executive Director | Officer | 40 | $115,669 |
Zikri Arslan President | Trustee | 1 | $0 |
Angelina Velez-Reyes Treasurer | Trustee | 1 | $0 |
Alptekin Kavi Member | Trustee | 1 | $0 |
H Ray Keith Member | Trustee | 1 | $0 |
Elcin Alibayli Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,145,512 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,152,263 |
| Total Program Service Revenue | $12,517,629 |
| Investment income | $77,380 |
| 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 | $15,831,765 |
| 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. | $172,171 |
| Compensation of current officers, directors, key employees. | $172,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,216,725 |
| Pension plan accruals and contributions | $2,081,291 |
| Other employee benefits | $437,340 |
| Payroll taxes | $83,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,183 |
| Fees for services: Accounting | $129,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $406,966 |
| Advertising and promotion | $29,597 |
| Office expenses | $1,429 |
| Information technology | $54,624 |
| Royalties | $0 |
| Occupancy | $1,038,815 |
| Travel | $6,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,165 |
| Insurance | $99,416 |
| All other expenses | $25,514 |
| Total functional expenses | $15,884,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,722,453 |
| Savings and temporary cash investments | $52,488 |
| Pledges and grants receivable | $375,268 |
| Accounts receivable, net | $157,128 |
| 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 | $73,422 |
| Net Land, buildings, and equipment | $91,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,163,868 |
| Total assets | $6,636,029 |
| Accounts payable and accrued expenses | $752,320 |
| Grants payable | $0 |
| Deferred revenue | $2,150 |
| 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 | $18,431,384 |
| Total liabilities | $19,185,854 |
| Net assets without donor restrictions | -$12,549,825 |
| 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 | $6,636,029 |