Wisdom Lotus Foundation Inc

Overview

Mission

The foundation is engaged in activities promoting and supporting the practice, study, understanding and application of contemplative practices and wisdom traditions, including but not limited to traditional and modern forms of meditation, yoga, buddhism, devotion, and ethical practices, and to engage in activites futhering the preservation of teachings and other source materials related to traditional practices and traditions, as well as supporting secular interpretation of these practices suitable for use in modern society.

What it reported doing in 2024

Michael passoff is ceo of proxy impact. He has a career in activism, advocacy, and education. Passoff's activism is around trying to get corporations to be more responsible around issues of equity, justice, poverty, and pressing social issues. Passoff stays current around regulations and relevant current sector data and participates in and conducts research, planning, and networking. Wisdom lotus foundation engaged passoff to assist with the women's inclusion project because of his extensive experience. Passoff negotiated with companies on behalf of women and children, and other underserved and underrecognized groups, providing memo summaries and meeting with the group. His unique experience makes a difference and is required to make a difference at such a high threshold. Passoff provides expertise around advocacy efforts done in collaboration with a gender lens, socially responsible, faith-based, and impact investors, as well as with shareholder networks, academics, and ngos. He has helped with several successful engagements, talking with and educating companies, us, and other shareholders.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

Nonprofit profile at a glance

EIN
814341128
IRS 990-EZ coverage
2016–2024
Forms available
Form 990-EZ 2024
Headquarters
Lincoln, MA, USA
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Buddhism
Affiliation
Buddhism

Official website

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 26
  • Transparency & Controls: 100
  • Accountability: NotEnoughData
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 27.3%; rating input score 27
  • Program expense ratio: 25%; rating input score 25

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -9.4%; rating input score 16; 16th percentile among comparable filings
  • Operating reserve ratio: 0.66; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 22.6%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 6.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 27.3% of revenue deployed · 25% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $31K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 8 annual filings from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.