Lotus Test Prep Foundation
- Assets
- $756.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-2578515
Organization Overview
Lotus Test Prep Foundation is located in Katy, TX. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Test Prep 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 12/2021, Lotus Test Prep Foundation generated $40.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $39.7k during the year ending 12/2021. While expenses have increased by 36.8% per year over the past 2 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
2021
Describe the Organization's Program Activity:
Part 3
WHAT MAKES OUR NON PROFIT UNIQUE IN COMPARISON TO OTHER MATH TUTORING CENTERS, IS GEOMETRIC ART DOODLING TECHNIQUE. WE HAVE DEVELOPED GEOMETRIC ART DOODLING VIDEOS AND DESIGNS TO SYNCHRONIZE RIGHT AND LEFT BRAIN HEMISPHERES. THIS IS CRUCIAL SINCE PEOPLE WITH ANXIETY, ADD AND FOCUS PROBLEMS, ARE STRONGER IN ONE SIDE OF BRAIN HEMISPHERE (RIGHT SIDE OF BRAIN FOCUSES ON ART AND CREATIVITY, WHILE LEFT SIDE OF BRAIN HANDLES MATH AND LOGICAL THINKING). INITIALLY WE WERE WORKING THROUGH AFTER SCHOOL PROGRAMS, ONCE PANDEMIC STARTED WE WERE ASKED TO PROVIDE FREE YOUTUBE VIDEOS AND ZOOM SESSIONS TO STUDENTS. WE HAVE CREATED OVER 100 VIDEOS, AND AT THIS TIME OUR VIDEOS HAVE HAD 54,000 VIEWERS, AND OUR YOUTUBE CHANNEL HAS 350 SUBSCRIBERS. IN 2020-2021, UNIVERSITY OF HOUSTON BAUER COLLEGE OF BUSINESS, CHOSE OUR NON-PROFIT AND CONDUCTED FEEDBACK RESEARCH FROM 382 USERS. RESEARCH PARTICIPANTS USED OUR TECHNIQUES OF GEOMETRIC ART THERAPY PRIOR TO VIEWING THE MATH VIDEOS, AND THE RESULTS WERE EXTREMELY POSITIVE. WE HAD ONLY ONE PARTICIPANT WHOM NOTED " NEUTRAL", ALL THE REST OF PARTICIPANTS RATED THE VIDEOS EXTREMELY POSITIVE (%85) , OR POSITIVE (%14). ALL OF OUR SERVICES PROVIDED FREE OF CHARGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aayeh Nicky Falahat Licensed Social Worker Art Therapy Designer | 40 | $4,805 | |
Jasmine Falahat Triangle Art Therapy Designer | 45 | $2,850 | |
Ali R Falahat Math Program Director | 15 | $1,275 | |
Caelan Davis Media Developer | 5 | $244 | |
Peymaneh Pasha Director | 60 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,050 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,174 |
| Professional fees and other payments to independent contractors | $1,050 |
| Occupancy, rent, utilities, and maintenance | $29,473 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $39,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $756 |
| Other assets | $0 |
| Total assets | $756 |
| Total liabilities | $0 |
| Net assets or fund balances | $756 |
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