Skip to content
Nonprofiteer
← LOTUS SUPPORTING FOUNDATION INC

Form 990 for tax year 2023

Filed by LOTUS SUPPORTING FOUNDATION INC.

Totals

Total revenue
$178,226
Total expenses
$1,308,691
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$178,226
Other revenue
$0
Total assets, end of year
$18,473,475
Total liabilities, end of year
$21,139,448
Net assets or fund balances, end of year
-$2,665,973
Program services expenses (Part IX)
$1,295,344
Management and general expenses
$13,347
Fundraising expenses
$0
Program service expenses (Part III)
$1,295,344

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $178,226 · excluded $178,226

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $400 · management and general $400

  • 11c · Fees: accounting

    total $12,850 · management and general $12,850

  • 20 · Interest

    total $1,295,344 · program services $1,295,344

  • 24a · Other expenses: LICENSES & PERMITS

    total $97 · management and general $97

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,045 · end of year $229,913

  • 2 · Savings and temporary cash investments

    end of year $60,012

  • 7 · Other notes and loans receivable

    beginning of year $18,183,550 · end of year $18,183,550

  • 23 · Secured mortgages and notes payable

    beginning of year $19,844,103 · end of year $21,023,485

  • 25 · Other liabilities

    end of year $115,963

  • 27 · Net assets without donor restrictions

    beginning of year -$1,535,508 · end of year -$2,665,973

Mission and programs · 2023

Mission

LOTUS SUPPORTING FOUNDATION, INC. IS A NON-PROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE SUNDARI FOUNDATION, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION AND A PUBLIC CHARITY UNDER SECTIONS 501 (C)(3) AND 509(A(3) OF THE INTERNAL REVENUE CODE. LOTUS SUPPORTING FOUNDATION, INC. WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION. LOTUS SUPPORTING FOUNDATION, INC. IS NOT AUTHORIZED TO BENEFIT ANY OTHER ORGANIZATION OTHER THAN THE SUNDARI FOUNDATION OR UPON DISSOLUTION AT A TIME WHEN THE SUNDARI FOUNDATION NO LONGER EXISTS, ONE OR MORE ORGANIZATIONS DEVOTED TO SIMILAR PURPOSES AS THE FOUNDATION WHICH ARE EXEMPT AS 501(C)(3) CHARITABLE ORGANIZATIONS.

Activities or mission (Part I)

THE ORGANIZATION WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, INC.

  • LOTUS SUPPORTING FOUNDATION, INC. IS A 501(C)(3)SUPPORTING FOUNDATION FOR THE SUNDARI FOUNDATION, INC. AND ITS INITIATIVES, INCLUDING THE LOTUS WOMEN'S SHELTER AND ITS REDEVELOPMENT AND EXPANSION IN THE LOTUS VILLAGE PROJECT AS WELL AS THE PLANNED DEVELOPMENT AND THE CHILDREN'S VILLAGE AT LOTUS VILLAGE. LOTUS SUPPORTING FOUNDATION, INC. WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, SO THE LOTUS HOUSE AND THE LOTUS VILLAGE WILL SERVE AS A RESOURCE FOR WOMEN,CHILDREN AND YOUTH IN NEED FOR GENERATIONS TO COME.

    Expenses $1,295,344

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CONSTANCE COLLINS

    PRESIDENT/DI

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • JULIE LOTSPEICH

    SECTY, TREAS

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARTIN MARGUILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHN SUMBERG

    VICE PRES/DI

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DEBBI WESCHLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.0
Source object
202432969349300728

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.