Lotus Supporting Foundation Inc

Nonprofit profile at a glance

EIN
810783068
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2015, Form 990-N 2015
Location
Miami, FL, USA
Phone
3056131573
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$181,861
Expenses
$1,548,429
Assets
$18,537,067
Liabilities
$22,569,608

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • CONSTANCE COLLINS (PRESIDENT/DI)

People named in this filing

  • CONSTANCE COLLINS (PRESIDENT/DI)
  • JULIE LOTSPEICH (SECTY, TREAS)
  • MARTIN MARGUILES (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lotus supporting foundation, inc. Is a non-profit corporation organized and operated exclusively for the benefit of the sundari foundation, inc., a Florida 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. Was formed to secure the financial stability and long-term viability of the sundari foundation. Lotus supporting foundation, inc. Is not authorized to benefit any other organization other than the sundari foundation or upon dissolution at a time when the sundari foundation no longer exists, one or more organizations devoted to similar purposes as the foundation which are exempt as 501(c)(3) charitable organizations.

What it reported doing in 2024

Lotus supporting foundation, inc. Is a 501(c)(3)supporting foundation for the sundari foundation, inc. And its initiatives, including the lotus women's shelter and its redevelopment and expansion in the lotus village project as well as the planned development and the children's village at lotus village. Lotus supporting foundation, inc. Was formed to secure the financial stability and long-term viability of the sundari foundation, so the lotus house and the lotus village will serve as a resource for women, children and youth in need for generations to come.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 93
  • Accountability: 100
  • Sustainability: 35
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.8%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -751.4%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 11.97; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 1.22; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 41.4% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -14.7% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.