NonprofitsLotus Endowment Fund Inc

Housing & Shelter

Lotus Endowment Fund Inc

MIAMI BEACH, FL

Total revenue

$4.2M

Total expenses

$1.9M

Net assets

$38.5M

Grants received

$7.6M

49 grants

EIN

920233563

Tax year

2024

Mission

The lotus endowment fund, inc. Is a 501(c)(3) supporting foundation for the sundari foundation, inc. And its initiatives, including the lotus house women's shelter. The endowment fund was formed to secure the financial stability and long-term viability of the sundari foundation, so the lotus house will serve as a resource for women, children and youth in need for generations to come. Part iii, line 1 lotus endowment fund, inc. Owns the facilities located at 2040 nw 7th ave, miami, fl 33127 and 420 nw 35th street, miami, fl 33127 and leases such facilities to the sundari foundation, inc. Pursuant to a 50 year lease at an annual rent of 1 per year. For 2024, the annual rental value of such facilities was approximately 219,000. Lotus village ii, llc, a wholly owned subsidiary of lotus endowment fund, inc., owns the vacant land located at 219 nw 14th terrace, miami florida and leases such land to the sundari foundation, inc. There is no rent or value attributed to such leased land. It is p

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue
Investment income$2.0M
Other revenue$196K
Total revenue$4.2M

Expenses

Grants paid$368K
Salaries & benefits$145K
Fundraising
Other expenses$1.4M
Total expenses$1.9M
Total assets$107.4M
Net assets$38.5M

People

9 listed

NameRoleCompensation

JULIE LOTSPEICH

SECTY, TREAS

Board

CONSTANCE COLLINS

PRESIDENT &

Board

KATHRYN VILLANO

DIRECTOR

Board

MARTIN MARGULIES

DIRECTOR

Board

DEBRA WECHSLER

DIRECTOR

Board

ANGELA WHITMAN

DIRECTOR

Board

JOHN SUMBERG

VP & DIRECTO

Board

ANITA BROAD

DIRECTOR

Board

LEILA CENTNER

DIRECTOR

Board

Grants received

Showing 49 of 49

FromAmountPurposeYear
$510K
GENERAL SUPPORT
2024
$250K
Human Services
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$5K
GENERAL CHARITABLE
2024
$5K
CHARITABLE CONTRIBUTION
2024
$5K
GENERAL OPERATING SUPPORT
2024
$1M
GENERAL OPERATIONS
2023
$250K
GENERAL SUPPORT
2023
$250K
CHARITABLE PURPOSES
2023
$211K
SUPPORT FOR THE HOMELESS
2023
$50K
For grant recipient's exempt purposes
2023
$25K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2023
$5K
GENERAL DONATION
2023
$135K
For grant recipient's exempt purposes
2022
$120K
PROGRAM SUPPORT
2022
$100K
GENERAL SUPPORT
2022
$100K
SUPPORT FOR THE HOMELESS
2022
$50K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2022
$50K
HUMAN SERVICES
2022
$25K
CHARITABLE CONTRIBUTION
2022
$25K
Children's Village on behalf MSIIG
2022
$25K
GENERAL OPERATING
2022
$25K
GENERAL/UNRESTRICTED
2022
$2M
HUMAN SERVICES
2021
$500K
HUMAN SERVICES
2020
$75K
GENERAL SUPPORT TO CARRY OUT THE MISSION OF THE ORGANIZATION
2020
$20K
PROGRAM SUPPORT
2020
$500K
HUMAN SERVICES
2019
$50K
GENERAL SUPPORT TO CARRY OUT THE MISSION OF THE ORGANIZATION
2019
$10K
GENERAL SUPPORT TO CARRY OUT THE MISSION OF THE ORGANIZATION
2019
$50K
PROGRAM/OPERATING SUPPORT
2018
$50K
GENERAL SUPPORT TO CARRY OUT THE MISSION OF THE ORGANIZATION
2018
$20K
Endowment Fund
2018

Funded by

$7.6M from 30 funders · 49 grants · 2018–2024

National Philanthropic Trust

$3.0M · 4 grants · 2019–2022

The Batchelor Foundation Inc

$1M · 1 grant · 2023

Greater Miami Jewish Federation Inc

$636K · 7 grants · 2018–2023

United Way Miami Inc

$610K · 2 grants · 2022–2024

H Angela Whitman Foundation Inc

$311K · 2 grants · 2022–2023

Greater Horizons

$250K · 1 grant · 2024

The Wildflower Foundation Inc

$250K · 1 grant · 2023

Details

EIN920233563
NTEE codeL11
Subsection03
Ruling date2008-02
Formed2007
Employees1
Volunteers1
LOTUS ENDOWMENT FUND INC — Mission, Financials & Grants Received | Grantivo