Lotus Club Of Monroe La Inc

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

EIN: 720393904 ✦ Monroe, LA ✦ Designated as a 501(c)(7)

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Overview

What is Lotus Club Of Monroe La Inc?

Lotus Club of Monroe La Inc is a nonprofit organization established to offer a tranquil, professional setting for business professionals to interact and network. Their main objective is to foster a quiet and professional environment, allowing for productive meetings among their members. Details about the specific activities or initiatives undertaken by the club are not provided in the given information.

Is Lotus Club Of Monroe La Inc legitimate?

Lotus Club Of Monroe La Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lotus Club Of Monroe La 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $280,781

For more financial information, click here

What is the mission statement of Lotus Club Of Monroe La Inc?

The Lotus Club of Monroe LA Inc is established with the mission to offer a tranquil, professional setting for business professionals to interact. This organization's primary objective is to create an environment that fosters productive discussions and networking opportunities among businessmen. By providing such a setting, the club aims to facilitate the growth and development of professional relationships.

Who is the CEO of Lotus Club Of Monroe La Inc?

George Eccles is the Manager of Lotus Club Of Monroe La Inc.

What is the revenue of Lotus Club Of Monroe La Inc?

Lotus Club Of Monroe La Inc's revenue in 2022 was $480,866.

Who are the executives of Lotus Club Of Monroe La Inc and what are their salaries?


There is 1 key member and their salary:


George Eccles (Manager)
  • Compensation: $11,378
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lotus Club Of Monroe La Inc?

Lotus Club Of Monroe La Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lotus Club Of Monroe La Inc

The Lotus Club of Monroe La Inc is committed to establishing a tranquil and professional setting where business professionals can interact. Its primary objective is to offer a serene environment that caters to the professional needs of its members. This organization was established with the intention of providing a suitable venue for businessmen to engage in productive discussions and networking opportunities.

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Impact




October, 2024

The Lotus Club of Monroe, LA Inc. plays a significant role in fostering professional relationships and collaboration among business professionals in the area. By offering a serene and conducive environment for meetings, the organization enables professionals to network, share ideas, and cultivate partnerships. This quiet professional setting is particularly beneficial for fostering focused discussions and strategic planning.

Additionally, the Lotus Club contributes to community improvement by creating a space where local businesses can connect and thrive. Through its committed mission, the organization not only supports professional growth but also encourages the development of a collaborative business community in Monroe, enhancing the overall economic landscape of the region.




This information is meant to be a general summary of Lotus Club Of Monroe La 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.

Revenue
$480,866 (2022)
Expenses
$533,029 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $225
  • Program Service Revenue: $330,478
  • Gross Receipts: $776,126

Assets and Liabilities:

  • Total Assets: $327,446
  • Total Liabilities: $204,713
  • Net Assets: $122,733

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Programs

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

MEMBERSHIP DUES & ASSE

Revenue

$330,478

Organization Details

Founding Year

1965

Principal Officer

George Eccles

Main Address

130 DESIARD STREET STE 901, MONROE, LA, 71201

NTEE Category

Code: S80 - Community improvement

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