Overview
What is Golden Lotus Inc?
Golden Lotus Inc, based in Vanderbilt, Michigan, operates as a nonprofit organization with a mission rooted in the teachings of Paramahansa Yogananda. Their primary focus is the dissemination of practical scientific courses in various yoga techniques. These teachings aim to empower individuals to attain the highest levels of physical, mental, emotional, and spiritual well-being as they embark on their journey towards self-realization. With a dedicated team of 10 employees, Golden Lotus Inc fosters an inclusive environment where individuals can learn and apply the science of yoga, ultimately enhancing their overall well-being.
Official website here: www.goldenlotus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Golden Lotus Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and transparency in its operations. The organization boasts an impressive 100% independent board composition and has no material diversion of assets, showcasing strong governance practices. Its financial health is notable, with a low liabilities to assets ratio of 0.98% and a high program expense ratio of 98.14%, suggesting that the majority of its resources are directed toward its programs.
The charity scores particularly well in leadership and adaptability, achieving a perfect score in these areas. Its commitment to leadership development and adaptability is reflected in its comprehensive policies, including a conflict of interest policy and a whistleblower policy, both of which are fully listed and compliant. These factors contribute to a well-rounded approach to governance and operational integrity.
However, while the organization demonstrates strong financial metrics and governance practices, potential donors may want to consider the context of these ratings and the scope of the organization's programs to ensure alignment with their philanthropic goals. Overall, Golden Lotus Inc is positioned as a responsible entity in the nonprofit sector, prioritizing effective program delivery and solid governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Golden Lotus Inc?
96% of 42 reviewers on Facebook recommend Golden Lotus Inc. Here is a summary of their reviews:
Many individuals appreciate the meaningful impact that Golden Lotus Inc has made in their lives, even with just a couple of visits. Reviewers note that the organization creates a significant and lasting impression, highlighting its role in their personal journeys. This suggests that the nonprofit offers valuable experiences that resonate deeply with its audience.
Overall, those who choose to share their thoughts express a strong sentiment of satisfaction and connection, indicating that Golden Lotus Inc successfully fulfills its mission and engages its community effectively.
This AI summary has been generated from reviews found on Facebook.
Is Golden Lotus Inc legitimate?
Golden Lotus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Lotus Inc 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: $60,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,118
For more financial information, click here
Official website here: www.goldenlotus.org
What is the mission statement of Golden Lotus Inc?
Golden Lotus Inc, inspired by the teachings of Paramahansa Yogananda, is dedicated to spreading the science of yoga and its practical applications. Their mission is to help individuals achieve the highest levels of physical, mental, emotional, and spiritual well-being as they progress towards self-realization. This is accomplished through the teaching of comprehensive, scientific courses in various yoga techniques.
Official website here: www.goldenlotus.org
Who is the CEO of Golden Lotus Inc?
Michael Wanger is the Treasurer of Golden Lotus Inc.
Official website here: www.goldenlotus.org
What is the revenue of Golden Lotus Inc?
Golden Lotus Inc's revenue in 2022 was $933,755.
Official website here: www.goldenlotus.org
Who are the executives of Golden Lotus Inc and what are their salaries?
The average compensation at Golden Lotus Inc during 2022 was $12,716. There are 10 employees at Golden Lotus Inc.
Here are 10 key members and their salaries:
- Compensation: $30,160
- Related: $0
- Other: $0
- Compensation: $29,885
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.goldenlotus.org
Where can I find the form 990 for Golden Lotus Inc?
Golden Lotus Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goldenlotus.org
Learn more at the official website: www.goldenlotus.org
Mission Statement of Golden Lotus Inc
Golden Lotus Inc, founded on the teachings of Paramahansa Yogananda, is dedicated to educating individuals on the science of yoga and its practical applications. Their mission is to empower all individuals, guiding them towards achieving the highest levels of physical, mental, emotional, and spiritual well-being as they progress on their journey towards self-realization. Through the teaching of practical scientific courses in various yoga techniques, Golden Lotus Inc aims to equip individuals with the tools necessary to improve their overall well-being, ultimately enabling them to reach their full potential.
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Impact
October, 2024
Golden Lotus Inc plays a transformative role in the community by offering courses grounded in the teachings of Paramahansa Yogananda. By focusing on the practical applications of yoga, the organization empowers individuals to enhance their physical, mental, emotional, and spiritual well-being. This holistic approach fosters a deeper understanding of self-realization, guiding participants on their personal journeys toward fulfillment.
Based in Vanderbilt, MI, Golden Lotus Inc emphasizes scientific yoga techniques that make the practice accessible and applicable to everyday life. Through its teachings, the organization not only elevates individual experiences but also cultivates a collective wellness that benefits the broader community. By promoting health and self-discovery, Golden Lotus Inc contributes significantly to the advancement of human services, transforming lives and nurturing a culture of well-being and personal growth.
This information is meant to be a general summary of Golden Lotus Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,528
- Program Service Revenue: $185,653
- Gross Receipts: $933,755
Assets and Liabilities:
- Total Assets: $2,890,675
- Total Liabilities: $98,379
- Net Assets: $2,792,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCOMODATIONS
Revenue
$107,482
RETREATS
Revenue
$26,190
BOOKSTORE
Revenue
$23,207
SPECIAL EVENTS
Revenue
$28,021
Organization Details
Founding Year
1969
Principal Officer
Michael Wanger
Main Address
9607 STURGEON VALLEY ROAD E, Vanderbilt, MI, 49795
Website
www.goldenlotus.orgNTEE Category
Code: P50 - Human services
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