Skip to content
Nonprofiteer
← LOTUS ENDOWMENT FUND INC

Form 990 for tax year 2024

Filed by LOTUS ENDOWMENT FUND INC.

Totals

Total revenue
$4,216,570
Total expenses
$1,919,903
Contributions and grants received
$2,034,636
Grants paid
$368,310
Program service revenue
$0
Investment income
$1,985,934
Other revenue
$196,000
Total assets, end of year
$107,409,587
Total liabilities, end of year
$68,945,667
Net assets or fund balances, end of year
$38,463,920
Program services expenses (Part IX)
$1,620,505
Management and general expenses
$299,398
Fundraising expenses
$0
Program service expenses (Part III)
$1,620,505

Program services were 84.4% 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.

  • 1f · All other contributions, gifts and grants

    $2,034,636

  • 1g · Noncash contributions included above

    $63,944

  • 3 · Investment income

    total $1,985,934 · excluded $1,985,934

  • 6a · Gross rents

    real property $196,000

  • 6c · Rental income or loss

    real property $196,000

  • 6d · Net rental income or loss

    total $196,000 · excluded $196,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $368,310 · program services $368,310

  • 7 · Other salaries and wages

    total $134,615 · management and general $134,615

  • 10 · Payroll taxes

    total $10,305 · management and general $10,305

  • 11c · Fees: accounting

    total $67,345 · management and general $67,345

  • 13 · Office expenses

    total $4,976 · management and general $4,976

  • 17 · Travel

    total $4,396 · management and general $4,396

  • 19 · Conferences, conventions and meetings

    total $266 · management and general $266

  • 20 · Interest

    total $362,328 · program services $362,328

  • 22 · Depreciation, depletion and amortization

    total $889,867 · program services $889,867

  • 24a · Other expenses: BANK SERVICE CHARGE

    total $37,592 · management and general $37,592

  • 24b · Other expenses: COMMUNITY OUTREACH

    total $28,335 · management and general $28,335

  • 24c · Other expenses: UTILITIES

    total $6,253 · management and general $6,253

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $3,150 · management and general $3,150

  • 24e · All other expenses

    total $2,165 · management and general $2,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,863,242 · end of year $27,731,297

  • 3 · Pledges and grants receivable

    beginning of year $5,424,019 · end of year $3,428,823

  • 4 · Accounts receivable

    beginning of year $14,621

  • 7 · Other notes and loans receivable

    beginning of year $22,176,200 · end of year $22,176,200

  • 10a · Land, buildings and equipment: cost or other basis

    $51,827,570

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,055,663

  • 10c · Land, buildings and equipment, net

    beginning of year $29,798,136 · end of year $45,771,907

  • 11 · Investments: publicly traded securities

    beginning of year $6,010,537 · end of year $7,703,928

  • 15 · Other assets

    beginning of year $407,298 · end of year $597,432

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,837 · end of year $2,946,093

  • 23 · Secured mortgages and notes payable

    beginning of year $66,356,708 · end of year $65,994,574

  • 25 · Other liabilities

    end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $33,660,535 · end of year $35,994,685

  • 28 · Net assets with donor restrictions

    beginning of year $1,490,973 · end of year $2,469,235

Mission and programs · 2024

Mission

THE LOTUS ENDOWMENT FUND, INC. IS A 501(C)(3) SUPPORTING FOUNDATION FOR THE SUNDARI FOUNDATION, INC. AND ITS INITIATIVES, INCLUDING THE LOTUS HOUSE WOMEN'S SHELTER. THE ENDOWMENT FUND WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, SO THE LOTUS HOUSE WILL SERVE AS A RESOURCE FOR WOMEN, CHILDREN AND YOUTH IN NEED FOR GENERATIONS TO COME. PART III, LINE 1 LOTUS ENDOWMENT FUND, INC. OWNS THE FACILITIES LOCATED AT 2040 NW 7TH AVE, MIAMI, FL 33127 AND 420 NW 35TH STREET, MIAMI, FL 33127 AND LEASES SUCH FACILITIES TO THE SUNDARI FOUNDATION, INC. PURSUANT TO A 50 YEAR LEASE AT AN ANNUAL RENT OF 1 PER YEAR. FOR 2024, THE ANNUAL RENTAL VALUE OF SUCH FACILITIES WAS APPROXIMATELY 219,000. LOTUS VILLAGE II, LLC, A WHOLLY OWNED SUBSIDIARY OF LOTUS ENDOWMENT FUND, INC., OWNS THE VACANT LAND LOCATED AT 219 NW 14TH TERRACE, MIAMI FLORIDA AND LEASES SUCH LAND TO THE SUNDARI FOUNDATION, INC. THERE IS NO RENT OR VALUE ATTRIBUTED TO SUCH LEASED LAND. IT IS P

  • REFER TO SCHEDULE O

    Expenses $1,620,505 · Grants $368,310

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Lotspeich

    SECTY, TREAS

    Total calculated
    $0

  • Constance Collins

    PRESIDENT &

    Total calculated
    $0

  • Kathryn Villano

    DIRECTOR

    Total calculated
    $0

  • Martin Margulies

    DIRECTOR

    Total calculated
    $0

  • Debra Wechsler

    DIRECTOR

    Total calculated
    $0

  • Angela Whitman

    DIRECTOR

    Total calculated
    $0

  • John Sumberg

    VP & DIRECTO

    Total calculated
    $0

  • Anita Broad

    DIRECTOR

    Total calculated
    $0

  • Leila Centner

    DIRECTOR

    Total calculated
    $0

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LOTUS VILLAGE DEVELOPMENT LLC

    PROP. DEV. · FL · income $196,000

    Directly controlled by LOTUS ENDO

  • LOTUS VILLAGE II LLC

    PROP. DEV. · FL · income $9,605

    Directly controlled by LOTUS ENDO

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202512959349301921

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.