Lotus Ltd
- Assets
- $82.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 52-1255891
Organization Overview
Lotus Ltd is located in Bradenton, FL. The organization was established in 1996. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Ltd is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Lotus Ltd generated $44.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $59.9k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT OF APPROXIMATELY 850 MEMBERS THROUGH AN ANNUAL NATIONAL MEETING THAT PROVIDES EDUCATIONAL SEMINARS, CAR SHOWS AND PERFORMANCE DRIVING EVENTS, PUBLICATION OF A CLUB MAGAZINE AND AN INFORMATIONAL WEB SITE DESIGNED TO BENEFIT MEMBERSHIP AUTOMOBILE OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Miller President | 0 | $0 | |
Walter Irvine Vice President | 0 | $0 | |
Cora Gregorie Corresponding Secretary | 0 | $0 | |
Jim Roberts Recording Secretary | 0 | $0 | |
Chris Lindley Treasurer | 0 | $0 | |
Rose Perry Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $895 |
| Membership dues | $34,715 |
| Investment income | $1,091 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,821 |
| Other Revenue | $0 |
| Total Revenue | $44,429 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,024 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $465 |
| Other expenses | $40,385 |
| Total expenses | $59,874 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,473 |
| Other assets | $0 |
| Total assets | $82,473 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,473 |