Overview
What is Lotus Education And Arts Foundation Inc?
Lotus Education and Arts Foundation Inc, situated in Bloomington, Indiana, serves as a nonprofit organization dedicated to fostering an appreciation for global and international music, dance, and art activities. Through their initiatives, they have brought numerous live, international arts events to their community, engaging local participation in various aspects of production. Their outreach has reached an impressive 10,000 individuals, and they have donated a substantial amount of time, services, and financial resources, totaling $144,000. The organization's work has significantly contributed to stimulating and promoting international art culture in their community.
Official website here: www.lotusfest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Lotus Education And Arts Foundation Inc has achieved a commendable Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial stability. The organization's overall score is derived solely from its performance in the Accountability & Finance beacon, showcasing its commitment to responsible financial management. The foundation boasts a majority independent board, which enhances its governance and oversight capabilities.
Strengths of the organization include an impressive program expense ratio of approximately 68.86%, signifying that a significant portion of its expenditures directly supports its initiatives. Additionally, the absence of any material diversion of assets and the presence of various governance policies, such as a conflict of interest policy and a whistleblower policy, further underscore the foundation's commitment to transparency and ethical practices.
However, while the foundation's financial practices appear sound, potential donors may want to consider the overall impact and effectiveness of its programs, as the rating primarily reflects financial metrics rather than programmatic outcomes or community impact. Overall, the Lotus Education And Arts Foundation Inc demonstrates a strong commitment to operational integrity and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Lotus Education And Arts Foundation Inc legitimate?
Lotus Education And Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lotus Education And Arts Foundation 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: $54,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,133
For more financial information, click here
Official website here: www.lotusfest.org
What is the mission statement of Lotus Education And Arts Foundation Inc?
The Lotus Education and Arts Foundation Inc is committed to fostering interest and encouragement in global and international music, dance, and art activities. By serving around 10,000 individuals, the foundation brings live global arts events to the community, providing a platform for showcasing talent and engaging local participation in various aspects of production. Through their efforts, they have donated a considerable sum of $44,000 and an impressive $100,000 worth of personal time and services to support these activities.
Official website here: www.lotusfest.org
Who is the CEO of Lotus Education And Arts Foundation Inc?
Unavailable
Official website here: www.lotusfest.org
What is the revenue of Lotus Education And Arts Foundation Inc?
Lotus Education And Arts Foundation Inc's revenue in 2021 was $558,599.
Official website here: www.lotusfest.org
Who are the executives of Lotus Education And Arts Foundation Inc and what are their salaries?
The average compensation at Lotus Education And Arts Foundation Inc during 2021 was $21,440. There are 8 employees and 500 volunteers at Lotus Education And Arts Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.lotusfest.org
Where can I find the form 990 for Lotus Education And Arts Foundation Inc?
Lotus Education And Arts Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lotusfest.org
Learn more at the official website: www.lotusfest.org
Mission Statement of Lotus Education And Arts Foundation Inc
Lotus Education and Arts Foundation Inc is committed to fostering curiosity and appreciation for international music, dance, and art. Their mission is to stimulate interest in these global cultures, encouraging local participation in various aspects of production. Through their efforts, they have brought numerous live events featuring global talents to the community, providing a platform for diverse artistic expressions. By achieving this, they have served over 10,000 individuals and donated a significant sum of $44,000 to support these activities. Moreover, Lotus Education and Arts Foundation Inc has demonstrated their dedication by donating over $100,000 worth of personal time and services, further emphasizing their unwavering commitment to promoting global and international music, dance, and art.
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Impact
July, 2024
Lotus Education And Arts Foundation Inc has made a significant impact by stimulating and promoting interest in global and international music, dance, and art activities. Through their support of music and art initiatives, they have brought live global arts events to the community, showcasing talent and fostering local participation in all aspects of production. Serving over 10,000 clients, with a donated service value of $44,000 and personal time/services valued at $100,000, Lotus Education And Arts Foundation Inc has played a crucial role in enriching the cultural landscape of Bloomington, IN. Their mission to promote global and international arts activities aligns perfectly with their tag of "Arts," making them a key player in fostering creativity and appreciation for diverse art forms in the community.
This information is meant to be a general summary of Lotus Education And Arts Foundation 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 2021.
- Program Service Revenue: $54,273
- Gross Receipts: $565,591
Assets and Liabilities:
- Total Assets: $670,200
- Total Liabilities: $4,458
- Net Assets: $665,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Tix Sales #5110
Revenue
$52,851
Concert Tix #5130
Revenue
$92
Class Wkshp Fees #5140
Revenue
$1,330
Other Prog Ser Rev #5100
Organization Details
Founding Year
1994
Phone
(812) 336-6599Main Address
PO Box 1667, Bloomington, IN, 47402
Website
www.lotusfest.orgNTEE Category
Code: A200 - Arts
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