Coloma Lotus Business Council
- Assets
- $42.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coloma, CA
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 82-3514077
Organization Overview
Coloma Lotus Business Council is located in Coloma, CA. The organization was established in 2018. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coloma Lotus Business Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Coloma Lotus Business Council generated $14.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $17.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 5 years. 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
PROMOTE TOURISM AND BUSINESS IN THE COLOMA-LOTUS VALLEY FOR 74 BUSINESSES BY PRODUCING 15,000 PRINTED GUIDES TO THE AREA AND HOSTING TWO WEBSITES HIGHLIGHTING LOCAL BUSINESSES AND ATTRACTIONS FOR OVER 250,000 INTERNET VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Penn President | 2.5 | $0 | |
Christina Cavanaugh Treasurer | 1 | $0 | |
Daniella Faieta Secretary | 1 | $0 | |
Kathleen Ash Director | 1 | $0 | |
Kathy Fargo Director | 1 | $0 | |
Trish Tratos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,915 |
| Total Program Service Revenue | $7,350 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,324 |
| 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 | $5,458 |
| Occupancy, rent, utilities, and maintenance | $4,250 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,068 |
| Total expenses | $17,776 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,078 |
| Other assets | $0 |
| Total assets | $42,078 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,078 |