Golden Lotus Inc

Organization Overview

Golden Lotus Inc is located in Vanderbilt, MI. The organization was established in 1971. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Golden Lotus Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Lotus 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 12/2022, Golden Lotus Inc generated $933.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $520.7k during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDED IN THE TEACHINGS OF PARAMAHANSA YOGANANDA, WE TEACH THE SCIENCE OF YOGA AND ITS PRACTICAL APPLICATIONS SO THAT ALL CAN ACHIEVE THE HIGHEST LEVELS OF PHYSICAL, MENTAL, EMOTIONAL AND SPIRITUAL WELL-BEING AS THEY PROGRESS ON THEIR PATH TOWARD SELF-REALIZATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TEACHING OF PRACTICAL SCIENTIFIC COURSES IN VARIOUS YOGA TECHNIQUES


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Board, Officers & Key Employees

Name (title)Compensation
Justine Markey
Retreat Co-Manager
$30,160
Brian Clark
Retreat Co- Manager
$29,885
Joshua Clark
Director
$0
Dorothy Stingley
Director
$0
Michael Krumpelt
Director
$0
Carol Armour
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$3,365
Fundraising events$0
Related organizations$0
Government grants $429,854
All other contributions, gifts, grants, and similar amounts not included above$312,743
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$745,962
Total Program Service Revenue$185,653
Investment income $1,528
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 $933,755

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