Lotus School For Excellence Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203336437 ✦ Aurora, CO ✦ Designated as a 501(c)(3)

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Overview

What is Lotus School For Excellence Foundation?

The Lotus School For Excellence Foundation is a nonprofit organization based in Aurora, Colorado, specifically at 11001 E Alameda Ave, 80012. Their primary mission is to offer facilities for the Lotus School for Excellence and manage debt related to the acquisition of these facilities. This entails providing essential resources to support the school's operations and ensuring financial stability to cover the associated costs. This nonprofit organization plays a significant role in enabling the Lotus School for Excellence to provide quality education to its students.


Official website here: www.lotusschool.org

Is Lotus School For Excellence Foundation legitimate?

Lotus School For Excellence Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lotus School For Excellence Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lotusschool.org

What is the mission statement of Lotus School For Excellence Foundation?

The Lotus School For Excellence Foundation's mission is centered around providing necessary facilities for the Lotus School for Excellence and managing the debt related to the acquisition of these facilities. In essence, the foundation's role is to ensure the school has the necessary infrastructure and to manage the financial obligations associated with obtaining these facilities. This support is crucial in enabling the school to function effectively and provide quality education to its students.


Official website here: www.lotusschool.org

Who is the CEO of Lotus School For Excellence Foundation?

Angelina Velez-Reyes is the Director of Lotus School For Excellence Foundation.


Official website here: www.lotusschool.org

What is the revenue of Lotus School For Excellence Foundation?

Lotus School For Excellence Foundation's revenue in 2023 was $2,649,944.


Official website here: www.lotusschool.org

Who are the executives of Lotus School For Excellence Foundation and what are their salaries?


Here are 4 key members and their salaries:


Dr Bobby Allen (Interim Executive Director)
  • Compensation: $0
  • Related: $115,669
  • Other: $40,740
Angelina Velez-Reyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nuran Yilmaz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Williams (Executive Director)
  • Compensation: $0
  • Related: $167,920
  • Other: $59,144


Official website here: www.lotusschool.org

Where can I find the form 990 for Lotus School For Excellence Foundation?

Lotus School For Excellence Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lotusschool.org

Learn more at the official website: www.lotusschool.org

Mission Statement of Lotus School For Excellence Foundation

The Lotus School For Excellence Foundation is committed to a mission that involves providing facilities for the Lotus School for Excellence and servicing the debt associated with the acquisition of these facilities. In essence, this nonprofit organization is dedicated to ensuring that the Lotus School for Excellence has access to the necessary facilities and is able to manage the financial obligations related to the acquisition of these facilities. This mission is crucial for the smooth operation and growth of the Lotus School for Excellence, which is likely a educational institution that seeks to provide a high-quality education to its students. The Foundation's role is essential in providing the necessary resources for the school to thrive, enabling it to focus on its primary mission of educating its students to the best of its abilities.

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Impact




October, 2024

Lotus School For Excellence Foundation significantly impacts the educational landscape by ensuring that Lotus School for Excellence has the necessary facilities to support quality education. By addressing the financial obligations tied to facility acquisition, the foundation plays a crucial role in maintaining an environment conducive to learning. This support enables the school to focus on delivering a robust educational experience, fostering student development, and enhancing academic achievement. Located in Aurora, CO, the foundation’s mission underscores the importance of providing reliable facilities that contribute to the overall mission of educational excellence.




This information is meant to be a general summary of Lotus School For Excellence Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,649,944 (2023)
Expenses
$916,795 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,481
  • Program Service Revenue: $615,851
  • Gross Receipts: $2,649,944

Assets and Liabilities:

  • Total Assets: $16,104,573
  • Total Liabilities: $8,193,303
  • Net Assets: $7,911,270

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Lease Revenue

Revenue

$615,851

Organization Details

Founding Year

2003

Principal Officer

Angelina Velez-Reyes

Main Address

11001 E Alameda Ave, Aurora, CO, 80012

NTEE Category

Code: B29 - Education

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