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Lotus Endowment Fund Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$13.2M (2023)

Expenses
$2.15M (2023)

Total Assets
$102M (2023)

Total Liabilities
$66.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,194,133
Expenses
$2,145,053
Net Income
$11,049,080
Net Assets
$35,151,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,757,066
20.9%
Program Services $0
Investment Income $1,778,091
13.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $196,000
1.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,462,976
64.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $115,385
5.4%
Assets/Debt
Total Assets $101,694,053
Total Liabilities $66,542,545
Net Assets $35,151,508
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Secty, Treas) $0 $0 $0
Constance Collins (President &) $0 $0 $0
Kathryn Villano (Director) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
John Sumberg (Vp & Directo) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Leila Centner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,179,759
Expenses
$1,840,722
Net Income
$7,339,037
Net Assets
$22,933,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,652,217
94.3%
Program Services $0
Investment Income $331,542
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $196,000
2.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $18,269
1.0%
Assets/Debt
Total Assets $68,843,457
Total Liabilities $45,910,013
Net Assets $22,933,444
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Secty, Treas) $0 $0 $0
Constance Collins (President &) $0 $0 $0
Kathryn Villano (Director) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
John Sumberg (Vp & Directo) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Leila Centner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,449,247
Expenses
$1,924,248
Net Income
-$475,001
Net Assets
$17,478,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $993,080
68.5%
Program Services $0
Investment Income $260,167
18.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $196,000
13.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $13,192
0.7%
Assets/Debt
Total Assets $47,005,317
Total Liabilities $29,526,541
Net Assets $17,478,776
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Secty, Treas) $0 $0 $0
Constance Collins (President &) $0 $0 $0
Kathryn Villano (Director) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
John Sumberg (Vp & Directo) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Leila Centner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,884,074
Expenses
$1,612,228
Net Income
$271,846
Net Assets
$16,643,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,651,565
87.7%
Program Services $0
Investment Income $230,671
12.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,838
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,201,245
Total Liabilities $26,558,126
Net Assets $16,643,119
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Secty, Treas) $0 $0 $0
Constance Collins (President &) $0 $0 $0
Kathryn Villano (Director) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
Richard Bermont (Director) $0 $0 $0
John Sumberg (Vp & Directo) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Leila Centner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,080,850
Expenses
$1,796,056
Net Income
-$715,206
Net Assets
$15,362,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $642,404
59.4%
Program Services $0
Investment Income $251,635
23.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $186,811
17.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $42,224,357
Total Liabilities $26,861,948
Net Assets $15,362,409
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Secty, Treas) $0 $0 $0
Constance Collins (President &) $0 $0 $0
Kathryn Villano (Director) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
Richard Bermont (Director) $0 $0 $0
John Sumberg (Vp & Directo) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Leila Centner (Director) $0 $0 $0
Anna Frusciante (Secretary (J) $0 $113,153 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,927,013
Expenses
$1,495,859
Net Income
$1,431,154
Net Assets
$15,366,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,649,246
90.5%
Program Services $0
Investment Income $203,186
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $74,581
2.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $42,850,608
Total Liabilities $27,483,987
Net Assets $15,366,621
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Treasurer And Director) $0 $0 $0
Constance Collins (President And Director) $0 $0 $0
Kathryn Villano (Director) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
Richard Bermont (Director) $0 $0 $0
John Sumberg (Vice President And Director) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Leila Centner (Philanthropist) $0 $0 $0
Anna Frusciante (Secretary Director Sundari) $0 $89,500 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,474,582
Expenses
$368,666
Net Income
$5,105,916
Net Assets
$13,263,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,299,470
96.8%
Program Services $0
Investment Income $116,482
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $58,630
1.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,108,764
Total Liabilities $27,845,188
Net Assets $13,263,576
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Vice President) $0 $0 $0
Constance Collins (President) $0 $0 $0
Kathryn Villano (Secretary) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
Richard Bermont (Director) $0 $0 $0
John Sumberg (Director) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Anna Frusciante (Secretary, Director Sundari) $0 $89,500 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,557,399
Expenses
$1,043,664
Net Income
$1,513,735
Net Assets
$6,825,351
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,814,077
> 100%
Program Services $0
Investment Income $41,143
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1
0.0%
Net Fundraising $0
Sales of Assets -$297,822
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $33,365,913
Total Liabilities $26,540,562
Net Assets $6,825,351
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Vice President) $0 $0 $0
Constance Collins (President) $0 $0 $0
Kathryn Villano (Secretary) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
Richard Bermont (Director) $0 $0 $0
John Sumberg (Director) $0 $0 $0
Anita Broad (Director) $0 $0 $0
Anna Frusciante (Secretary, Director Sundari) $0 $85,000 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$285,247
Expenses
$87,940
Net Income
$197,307
Net Assets
$5,390,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $244,525
85.7%
Program Services $0
Investment Income $36,325
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,397
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,426,082
Total Liabilities $35,680
Net Assets $5,390,402
Compensation
Key Employees and Officers Compensation Related Other
Julie Lotspeich (Vice President) $0 $0 $0
Constance Collins (President) $0 $0 $0
Kathryn Villano (Secretary) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Rafael Morera (Treasurer) $0 $0 $0
Angela Whitman (Director) $0 $0 $0
Richard Bermont (Director) $0 $0 $0
John Sumberg (Director) $0 $0 $0
Anita Broad (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,316,991
Expenses
$87,140
Net Income
$1,229,851
Net Assets
$5,480,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,188,670
90.3%
Program Services $0
Investment Income $44,110
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $79,708
6.1%
Net Inventory Sales $0
Other Revenue $4,503
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,480,511
Total Liabilities $0
Net Assets $5,480,511
Compensation
Key Employees and Officers Compensation Related Other
Julie Petricone (Vice President) $0 $0 $0
Constance Collins (President) $0 $0 $0
Kathryn Villano (Secretary) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Rafael Morera (Treasurer) $0 $0 $0
Angela Whitman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$702,787
Expenses
$309,174
Net Income
$393,613
Net Assets
$4,512,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $658,472
93.7%
Program Services $0
Investment Income $32,774
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,541
1.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,591,284
Total Liabilities $79,170
Net Assets $4,512,114
Compensation
Key Employees and Officers Compensation Related Other
Julie Petricone (President) $0 $0 $0
Constance Collins (Vice President) $0 $0 $0
Kathryn Villano (Secretary) $0 $0 $0
Martin Margulies (Director) $0 $0 $0
Debra Wechsler (Director) $0 $0 $0
Rafael Morera (Treasurer) $0 $0 $0
Angela Whitman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$504,492
Expenses
$63,070
Net Income
$441,422
Net Assets
$4,040,541
Notable Sources of Revenue Percent of Total Revenue
Contributions $431,215
85.5%
Program Services $0
Investment Income $39,592
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,685
6.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,040,541
Total Liabilities $0
Net Assets $4,040,541

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$372,860
Expenses
$76,089
Net Income
$296,771
Net Assets
$3,529,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $335,100
89.9%
Program Services $0
Investment Income $25,718
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,744
2.6%
Net Inventory Sales $0
Other Revenue $2,298
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,529,381
Total Liabilities $0
Net Assets $3,529,381

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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