Overview
What is Lotus Supporting Foundation Inc?
Lotus Supporting Foundation Inc is a 501(c)(3) organization, established to ensure the financial stability and long-term viability of the Sundari Foundation Inc. Located in Miami Beach, Florida, the foundation primarily supports the Lotus Women's Shelter and its planned redevelopment and expansion as part of the Lotus Village Project. The foundation's mission is to serve as a resource for women, children, and youth in need for generations to come, aligning with the Sundari Foundation's charitable objectives under sections 501(c)(3) and 509(a)(3) of the Internal Revenue Code.
Official website here: www.lotussupportingfoundation.org
Is Lotus Supporting Foundation Inc legitimate?
Lotus Supporting Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lotus Supporting 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lotussupportingfoundation.org
What is the mission statement of Lotus Supporting Foundation Inc?
The Lotus Supporting Foundation Inc. was established with the primary objective of ensuring the financial stability and long-term viability of another organization, the Sundari Foundation Inc. This foundation operates as a non-profit corporation, solely benefiting the Sundari Foundation, which is a public charity under sections 501(C)(3) and 509(A)(3) of the Internal Revenue Code. The Lotus Supporting Foundation Inc. was formed to safeguard the financial future of the Sundari Foundation, and in the event of its dissolution, any remaining assets would be distributed to organizations with similar charitable purposes. The foundation is not permitted to benefit any other organization beyond the Sundari Foundation.
Official website here: www.lotussupportingfoundation.org
Who is the CEO of Lotus Supporting Foundation Inc?
Constance Collins is the President/Di of Lotus Supporting Foundation Inc.
Official website here: www.lotussupportingfoundation.org
What is the revenue of Lotus Supporting Foundation Inc?
Lotus Supporting Foundation Inc's revenue in 2022 was $181,836.
Official website here: www.lotussupportingfoundation.org
Who are the executives of Lotus Supporting Foundation Inc and what are their salaries?
There 5 volunteers at Lotus Supporting Foundation Inc.
Here are 5 key members and their salaries:
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Official website here: www.lotussupportingfoundation.org
Where can I find the form 990 for Lotus Supporting Foundation Inc?
Lotus Supporting Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lotussupportingfoundation.org
Learn more at the official website: www.lotussupportingfoundation.org
Mission Statement of Lotus Supporting Foundation Inc
Lotus Supporting Foundation, Inc., a non-profit organization, was established with the primary objective of ensuring the financial stability and long-term viability of the Sundari Foundation, Inc. This foundation, in turn, is a Florida-based not-for-profit corporation and a public charity under sections 501(c)(3) and 509(a)(3) of the Internal Revenue Code. Lotus Supporting Foundation, Inc., operates solely for the benefit of the Sundari Foundation, and it is not authorized to benefit any other organization. Upon dissolution, if the Sundari Foundation no longer exists, Lotus Supporting Foundation, Inc., will transfer its assets to one or more organizations with similar purposes, which are exempt as 501(c)(3) charitable organizations. In essence, the mission of Lotus Supporting Foundation, Inc., is to safeguard the future of the Sundari Foundation, ensuring it can continuously serve its intended purpose in the charitable sector.
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Impact
October, 2024
Lotus Supporting Foundation Inc plays a crucial role in securing the financial stability and long-term viability of the Sundari Foundation and its initiatives. Through its support, the foundation aims to ensure that resources are available for women, children, and youth in need for generations to come.
Central to its impact is the Lotus Women's Shelter, which provides essential services and support to vulnerable populations. Additionally, the foundation is involved in the planned redevelopment and expansion of the Lotus Village Project, enhancing the capacity to serve those in need. This initiative emphasizes not only immediate assistance but also the creation of a sustainable environment where individuals can find stability and support.
By focusing on financial backing and infrastructure development, Lotus Supporting Foundation Inc is committed to fostering a safe and nurturing community resource for those facing adversity in Miami Beach and beyond. Its work is essential in building a resilient future for the communities it serves.
This information is meant to be a general summary of Lotus Supporting 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 2022.
- Investment Income: $181,836
- Gross Receipts: $181,836
Assets and Liabilities:
- Total Assets: $18,308,595
- Total Liabilities: $19,844,103
- Net Assets: -$1,535,508
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Organization Details
Founding Year
2015
Phone
(305) 613-1573Principal Officer
Constance Collins
Main Address
3921 ALTON ROAD 170, MIAMI BEACH, FL, 33140
NTEE Category
Code: L11 - Housing
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