Lotus Education And Arts Foundation Inc
- Assets
- $670.2k
- Revenue
- $558.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Bloomington, IN
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 35-1941942
Organization Overview
Lotus Education And Arts Foundation Inc is located in Bloomington, IN. The organization was established in 1995. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Lotus Education And Arts Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Education And Arts Foundation 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 12/2021, Lotus Education And Arts Foundation Inc generated $558.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $440.4k during the year ending 12/2021. While expenses have increased by 0.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STIMULATE AND PROMOTE INTEREST IN GLOBAL AND INTERNATIONAL MUSIC, DANCE AND ART ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT MUSIC AND ART ACTIVITIES. ACHIEVEMENTS INCLUDE BRINGING LIVE, GLOBAL ARTS EVENTS AND WORKSHOPS TO THE COMMUNITY, SHOWCASING TALENT AND BRINGING TOGETHER LOCAL PARTICIPATION IN ASPECTS OF PERFORMAND & PRODUCTION. CLIENTS SERVED=10,000. DONATED SERV=$44,000. DONATED PERSONAL TIME/SERVICES=$100,000
PROVIDE FACILITIES FOR MUSIC AND ART ACTIVITIES. ACHIEVENENTS INCLUDE PROVIDING EXPERTISE AND NETWORKING CONTACTS WITH OTHER PRESENTERS AND SITES IN THE LOCAL COMMUNITY AND MIDWEST IN GENERAL. CLIENTS SERVED=150. DONATED SERV=$15,000. DONATED PERSONAL TIME/SERVICES=$-0
PROVIDE MUSIC AND ART EDUCATION. ACHIEVEMENTS INCLUDE BRINGING ARTS TO THE LOCAL SCHOOLS AND LOCAL CHILDREN THROUGH CHILDREN ORIENTED PROGRAMING. CLIENTS SERVED=9,000. DONATED SERV=$10,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Loewenthal Exec Dir | 40 | $56,072 | |
Geoffrey Bradley Board | Trustee | 1 | $0 |
Dave Debikey Board | Trustee | 1 | $0 |
Erica Penna Board | Trustee | 1 | $0 |
Jennifer Riley Simone Chair | OfficerTrustee | 1 | $0 |
Andy Qualls Secy | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,904 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,285 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,137 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,599 |
| Statement of Expenses | |
|---|---|
| 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. | $54,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,983 |
| Payroll taxes | $12,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,108 |
| Advertising and promotion | $945 |
| Office expenses | $25,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,791 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,990 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $440,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $670,200 |
| Accounts payable and accrued expenses | $4,458 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $4,458 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $665,742 |