Overview
What is The Lotus Campaign?
The Lotus Campaign is a nonprofit organization situated in Charlotte, North Carolina, with a mission to significantly enhance the number of housing units accessible to individuals currently grappling with homelessness. Established in 2018, the organization has effectively facilitated housing for over 380 people, with 274 individuals successfully transitioning from the Landlord Participation Program to independent living. The Lotus Campaign boasts more than 200 supporters, including individuals, foundations, and corporations. Their model revolves around engaging the for-profit sector as partners in finding pragmatic housing solutions for homelessness by employing a 3-pillar approach: Connect, Create, and Educate, with the Landlord Participation Program serving as the core focus. For detailed information, visit their website at LotusCampaign.org.
Official website here: www.lotuscampaign.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Lotus Campaign has achieved a commendable Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and transparency. With an overall score of 87%, the organization excels particularly in its Culture & Community score, which stands at a perfect 100. This indicates a strong emphasis on community engagement and stakeholder feedback, with effective policies in place to gather and utilize input from those they serve.
Strengths of The Lotus Campaign include its independent board structure, which is fully composed of independent members, and thorough financial practices that include an audit with no material diversion of assets. The organization has also demonstrated fiscal responsibility with a healthy liabilities to assets ratio of 1.75% and a program expense ratio of 63.63%. These metrics suggest a well-managed organization that prioritizes its mission.
However, while the financial metrics are strong, the program expense ratio could be an area for improvement, as it reflects that not all funds are directed towards programming. Overall, The Lotus Campaign stands out for its robust accountability practices and community-centered approach, making it a trustworthy nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is The Lotus Campaign legitimate?
The Lotus Campaign is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lotus Campaign 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: $229,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,904
For more financial information, click here
Official website here: www.lotuscampaign.org/
What is the mission statement of The Lotus Campaign?
The Lotus Campaign's mission is to significantly augment the number of housing units for individuals currently struggling with homelessness. This objective is achieved by engaging real estate communities in homelessness initiatives and programs. The Lotus Campaign has over 200 individual, foundation, and corporate supporters. Their approach is centered around designing practical, housing-focused solutions for homelessness, involving the for-profit sector as partners in the solution. The Lotus Campaign's model encompasses a three-pillar strategy, with the primary focus revolving around the Connect pillar's Landlord Participation Program. For more detailed information, visit The Lotus Campaign's website.
Official website here: www.lotuscampaign.org/
Who is the CEO of The Lotus Campaign?
Philip Payne is the Executive Director of The Lotus Campaign.
Official website here: www.lotuscampaign.org/
What is the revenue of The Lotus Campaign?
The Lotus Campaign's revenue in 2022 was $1,202,248.
Official website here: www.lotuscampaign.org/
Who are the executives of The Lotus Campaign and what are their salaries?
The average compensation at The Lotus Campaign during 2022 was $60,281. There are 5 employees at The Lotus Campaign.
Here are 8 key members and their salaries:
- Compensation: $144,851
- Related: $0
- Other: $0
- Compensation: $84,649
- Related: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lotuscampaign.org/
Where can I find the form 990 for The Lotus Campaign?
The Lotus Campaign's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lotuscampaign.org/
Learn more at the official website: www.lotuscampaign.org/
Mission Statement of The Lotus Campaign
The Lotus Campaign, a nonprofit organization, is dedicated to significantly increasing the number of housing units available for individuals currently experiencing homelessness. To achieve this goal, the organization engages real estate communities in homeless initiatives and programs. With over 200 individual, foundation, and corporate supporters, The Lotus Campaign employs a pragmatic, housing-driven approach to solving homelessness, leveraging partnerships with the for-profit sector. The organization's model encompasses three pillars: Connect, Create, and Educate. The Connect pillar, specifically the Landlord Participation Program, serves as the core focus, aiming to involve landlords in addressing homelessness issues. For more detailed information, visit The Lotus Campaign's website at LotusCampaign.org.
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Impact
July, 2024
The Lotus Campaign has had a significant impact in addressing homelessness by dramatically increasing the number of housing units available for people currently experiencing homelessness. Since its launch in 2018, the campaign has facilitated housing for over 380 individuals and families. Additionally, 274 individuals have successfully graduated from the campaign's Landlord Participation Program, moving on to independent housing. The campaign has also sponsored 186 lease renewals, supporting 131 individuals in successfully renewing their leases as part of the program. This impactful work has not only provided shelter but has also helped individuals transition to more stable housing situations, contributing to their overall well-being and quality of life.
This information is meant to be a general summary of The Lotus Campaign. 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: -$1,361
- Gross Receipts: $1,202,248
Assets and Liabilities:
- Total Assets: $709,937
- Total Liabilities: $8,434
- Net Assets: $701,503
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Organization Details
Founding Year
2018
Phone
(704) 906-8741Principal Officer
Philip Payne
Main Address
200 south college st ste 200, charlotte, NC, 28202
Website
www.lotuscampaign.org/NTEE Category
Code: L80 - Housing
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