Lotus Us Foundation
- Assets
- $1.5m
- Revenue
- $751.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-2582346
Organization Overview
Lotus Us Foundation is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Us Foundation 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 12/2022, Lotus Us Foundation generated $751.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $216.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lotus Us Foundation has awarded 127 individual grants totaling $4,912,639. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Starkey President | 1 | $0 | |
Barbara Starkey Vice President | 1 | $0 | |
Bruce Grakal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $715,967 |
| Total Revenue | $751,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40 |
| Total operating and administrative expenses | $6,490 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $216,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,895 |
| Savings and temporary cash investments | $1,284,791 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,506,686 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lotus Us Foundation has awarded $210,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BUCK'S ROCK CAMP INC PURPOSE: TO PRESERVE THE TRADITION OF FIRE LOOKOUTS AND OTHER HISTORIC FACILITIES | $12,000 |
CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION PURPOSE: TO SUPPORT PUBLIC RADIO SERVICE. | $10,000 |
CLARE MATRIX PURPOSE: TO PROVIDE EXPANDED TREATMENT SERVICES, INNOVATIVE RESEARCH, AND RESULTS-DRIVEN TRAINING PROGRAMS THAT BETTER SERVE INDIVIDUALS SEEKING A SUBSTANCE-FREE LIFE | $12,000 |
CLEAN SLATE INC PURPOSE: TO SUPPORT ART PROGRAMS FOR THE DISADVANTAGED YOUTH | $5,000 |
DAVID LYNCH FOUNDATION PURPOSE: HEAL TRAUMATIC STRESS IN AT-RISK POPULATIONS | $25,000 |
GOD'S LOVE WE DELIVER PURPOSE: TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE LIVING WITH HIV/AIDS, CANCER AND OTHER SERIOUS ILLNESSES BY ALLEVIATING HUNGER | $25,000 |