Overview
What is Lotus Foundation?
Lotus Foundation is a nonprofit organization based in Houston, Texas. Their primary focus is on constructing a Buddhist temple and promoting the teachings of Buddhism. Additionally, they are committed to supporting community charity programs. The foundation's activities extend beyond religious affairs, as they also contribute to local charities. Their mission is deeply rooted in both religious and community service, making a positive impact in the Houston area.
Is Lotus Foundation legitimate?
Lotus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lotus 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
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What is the mission statement of Lotus Foundation?
The Lotus Foundation is dedicated to constructing Buddhist temples and disseminating the teachings of Buddhism. Additionally, they support various community charity programs. Their mission is multifaceted, encompassing the construction of temples and the propagation of Buddhist teachings, as well as providing aid to community charities. This organization strives to contribute positively to society by fostering spiritual growth and providing essential support to those in need.
Who is the CEO of Lotus Foundation?
Vivian Lin is the Trustee of Lotus Foundation.
What is the revenue of Lotus Foundation?
Lotus Foundation's revenue in 2022 was $348,234.
Who are the executives of Lotus Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lotus Foundation?
Lotus Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lotus Foundation
The Lotus Foundation, as per its mission, is dedicated to constructing Buddhist temples and promoting the teaching of Buddhism. In addition to this, the foundation extends its support to community charity programs. By distributing funds to several Buddhist temples, the Lotus Foundation contributes to the spiritual growth of its community. Beyond religious activities, the organization also participates in charitable initiatives for the betterment of its community.
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Impact
October, 2024
The Lotus Foundation significantly impacts its community through the construction of Buddhist temples and the promotion of Buddhism. By facilitating the teaching of Buddhist principles, the organization fosters spiritual growth and understanding among individuals. Additionally, the foundation supports various community charity programs, enhancing the well-being of residents in Houston, TX. This dual focus on spiritual and social enrichment plays a vital role in cultivating a more compassionate and engaged community. The distribution of building funds to multiple Buddhist temples not only strengthens these spiritual centers but also serves as a hub for charitable activities, reinforcing the values of generosity and service within the local population.
This information is meant to be a general summary of Lotus 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $35,880
- Gross Receipts: $364,591
Assets and Liabilities:
- Total Assets: $2,418,272
- Total Liabilities: $12,896
- Net Assets: $2,405,376
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Organization Details
Founding Year
1991
Phone
(713) 541-6688Principal Officer
Vivian Lin
Main Address
PO BOX 771905, HOUSTON, TX, 772151905
NTEE Category
Code: X50 - Religion related
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