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Nonprofiteer
← LOTUS SCHOOL FOUNDATION INC

Form 990 for tax year 2024

Filed by LOTUS SCHOOL FOUNDATION INC.

Totals

Total revenue
$123,110
Total expenses
$133,121
Contributions and grants received
$123,110
Grants paid
$122,051
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,781
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,781
Program services expenses (Part IX)
$126,301
Management and general expenses
$4,995
Fundraising expenses
$1,825
Program service expenses (Part III)
$126,301

Program services were 94.9% 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.

  • 1c · Fundraising events

    $15,589

  • 1f · All other contributions, gifts and grants

    $107,521

  • 8a · Fundraising events: contributions included on line 1c

    $15,589

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $122,051 · program services $122,051

  • 24a · Other expenses: Fundraising and Marketing

    total $1,825 · fundraising $1,825

  • 24b · Other expenses: Credit Card fee

    total $3,373 · management and general $3,373

  • 24c · Other expenses: Operation expense

    total $1,622 · management and general $1,622

  • 24d · Other expenses: miscellaneous

    total $4,250 · program services $4,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,792 · end of year $7,781

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,792 · end of year $7,781

Mission and programs · 2024

Mission

THE LOTUS SCHOOL FOUNDATIONS MISSION IS TO BUILD SCHOOLS IN RURAL, POVERTY-STRICKEN VILLAGES THAT CURRENTLY HAVE NO ADEQUATE SCHOOL INFRASTRUCTURE ADN TO PROVIDE AN EQUAL EDUCATIONAL OPPORTUNITY FOR CHILDREN WORLDWIDE.

  • COMPLETED BUILDING 10 SCHOOL PROJECTS IN THE RURAL MOUNTAINOUS AREAS OF VIETNAM.

    Expenses $126,301

As filed on the 2024 return.

Listed in Part VII

  • Mimi Vo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Suk Kyong Pak

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Phuong Truong

    TREASUER

    Total calculated
    $0
    Hours/week
    20

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349310336

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