Totals
- Total revenue
- $402,791
- Total expenses
- $176,681
- Contributions and grants received
- $266,092
- Grants paid
- $97,000
- Program service revenue
- $0
- Investment income
- $136,699
- Other revenue
- $0
- Total assets, end of year
- $1,059,946
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,059,946
- Program services expenses (Part IX)
- $112,750
- Management and general expenses
- $46,211
- Fundraising expenses
- $17,720
- Program service expenses (Part III)
- $112,750
Program services were 63.8% 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
$266,092
-
1g · Noncash contributions included above
$9,761
-
3 · Investment income
total $24,513 · excluded $24,513
-
7a · Gross sales of assets other than inventory
securities $949,485
-
7b · Less cost or other basis and sales expenses
securities $837,299
-
7c · Gain or loss
securities $112,186
-
7d · Net gain or loss
total $112,186 · excluded $112,186
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $72,000 · program services $72,000
-
2 · Grants to domestic individuals
total $25,000 · program services $25,000
-
11c · Fees: accounting
total $9,300 · management and general $9,300
-
11f · Fees: investment management
total $6,486 · management and general $6,486
-
11g · Fees: other
total $40,416 · program services $15,750 · management and general $20,616 · fundraising $4,050
-
13 · Office expenses
total $9,809 · management and general $9,809
-
24a · Other expenses: AWARD CEREMONY
total $13,670 · fundraising $13,670
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,642 · end of year $1,978
-
2 · Savings and temporary cash investments
beginning of year $17,049 · end of year $111,277
-
11 · Investments: publicly traded securities
beginning of year $834,360 · end of year $946,691
-
17 · Accounts payable and accrued expenses
beginning of year $6,800 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $799,605 · end of year $999,300
-
28 · Net assets with donor restrictions
beginning of year $60,646 · end of year $60,646
Mission and programs · 2023
Mission
SEE SCHEDULE O.THE LOTOS FOUNDATION, INC. (THE "FOUNDATION") IS A PUBLIC CHARITY ORGANIZATION THAT WAS INCORPORATED IN 1999 IN THE STATE OF NEW YORK. THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND DEVELOP LITERATURE, ART, SCULPTURE, MUSIC, ARCHITECTURE, JOURNALISM, DRAMA, SCIENCE AND THE LEARNED PROFESSIONS, ENCOURAGING AUTHORS, STUDENTS OF THE MUSICAL, DRAMATIC AND LEARNED PROFESSIONS IN THEIR WORK, GRANTING SCHOLARSHIPS, AND THROUGH OTHER MEANS AS MAY BE DETERMINED FROM TIME TO TIME, MAINTAINING ARCHIVES AND ANY SIMILAR RESOURCES, AS WELL AS ENGAGING IN OTHER WORTHWHILE ACTIVITIES THAT MAY BE DETERMINED FROM TIME TO TIME. AMONG THE FOUNDATION'S CHARITABLE MISSIONS AND TAX-EXEMPT PURPOSES IS THE PRESERVATION AND MAINTENANCE OF THE ARCHITECTURAL INTEGRITY AND DESIGN OF THE PUBLICLY VISIBLE FACADE OF THE LANDMARKED BUILDING LOCATED AT FIVE EAST SIXTY-SIXTH STREET.
Activities or mission (Part I)
PROMOTE & DEVELOP LITERATURE, ART, SCULPTURE, MUSIC, ARCHITECTURE, JOURNALISM, DRAMA, & SCIENCE
-
GRANT SCHOLARSHIPS TO PROMOTE AND DEVELOP LITERATURE, ART, SCULPTURE, MUSIC, ARCHITECTURE, JOURNALISM, DRAMA AND SCIENCE TO STUDENTS.
Expenses $97,000 · Grants $97,000
-
THE PRESERVATION AND MAINTENANCE OF THE ARCHITECTURAL INTEGRITY AND DESIGN OF THE PUBLICLY VISIBLE FACADE OF THE LANDMARKED BUILDING LOCATED AT FIVE EAST SIXTY-SIXTH STREET.
Expenses $15,750
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
PATRICK J FRAWLEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
MELVIN STECHER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
BRUCE E BALDINGER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
MERYL BRIEDBART
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
STEPHEN R BECKWITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
PAUL L BINDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
PETER D BOGYO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
ROBERT ELMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
JAMES J FISHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
PATRICIA DUGAN PERLMUTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
NATALIE EIGEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
SUSAN RYAN KESSLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
MARK L LAMPL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
AMANDA ALLEN MCGOWAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
R BRUCE RICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
MAX W SCHAPIRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
MARY A SUSNJARA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
MICHAEL D YON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
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
-
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
-
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
-
$8,000
SCHOLARSHIP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511139349302111
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