Golden Lotus Inc
- Assets
- $2.5m
- Revenue
- $906.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Vanderbilt, MI
- Founding
- 04/1971
- Data as of
- 12/2021
- EIN
- 23-7044554
Organization Overview
Golden Lotus Inc is located in Vanderbilt, MI. The organization was established in 1971. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Golden Lotus Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Lotus Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Golden Lotus Inc generated $906.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $403.3k during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN THE TEACHINGS OF PARAMAHANSA YOGANANDA, WE TEACH THE SCIENCE OF YOGA AND ITS PRACTICAL APPLICATIONS SO THAT ALL CAN ACHIEVE THE HIGHEST LEVELS OF PHYSICAL, MENTAL, EMOTIONAL AND SPIRITUAL WELL-BEING AS THEY PROGRESS ON THEIR PATH TOWARD SELF-REALIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEACHING OF PRACTICAL SCIENTIFIC COURSES IN VARIOUS YOGA TECHNIQUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justine Markey Retreat Co-Manager | Officer | 40 | $27,460 |
Brian Clark Retreat Co- Manager | Officer | 40 | $26,358 |
Michael Wanger Treasurer | OfficerTrustee | 8 | $0 |
Dr Gary Saks Vice Chair | OfficerTrustee | 10 | $0 |
Linda Gabby Chairperson | OfficerTrustee | 30 | $0 |
Ian Wylie Secretary | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $416,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,160 |
| Total Program Service Revenue | $170,956 |
| Investment income | $900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,818 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,715 |
| Fees for services: Accounting | $3,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,521 |
| Advertising and promotion | $2,371 |
| Office expenses | $5,424 |
| Information technology | $10,735 |
| Royalties | $0 |
| Occupancy | $120,822 |
| Travel | $3,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,948 |
| Insurance | $20,031 |
| All other expenses | $7,444 |
| Total functional expenses | $403,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,823 |
| Savings and temporary cash investments | $153,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $911 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,974,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $2,511,245 |
| Accounts payable and accrued expenses | $1,564 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $127,341 |
| Total liabilities | $128,905 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,382,340 |
| Total liabilities and net assets/fund balances | $2,511,245 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Golden Lotus Inc has recieved totaling $29,762.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $29,548 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family & Community Services Inc Ravenna, OH | $34,576,434 | $34,746,043 |
The Epilepsy Center Of Northwest Ohio Maumee, OH | $5,131,114 | $4,749,696 |
Local Media Foundation Lake City, MI | $3,508,085 | $2,006,681 |
Cornerstone Of Hope Inc Independence, OH | $6,164,304 | $3,866,660 |
Nueva Luz Urban Resource Center Cleveland, OH | $677,191 | $2,093,824 |
Family Interventions Inc Crawfordsville, IN | $325,054 | $1,158,179 |
Africentric Personal Development Shop Columbus, OH | $721,294 | $1,389,295 |
Turning Point Soc Kokomo, IN | $4,417,046 | $5,043,066 |
Michigan Organization On Adolescent Sexual Health East Lansing, MI | $649,332 | $992,442 |
Michigan Breastfeeding Network Lansing, MI | $337,188 | $833,068 |
Ohio Council Of Information And Referral Providers Youngstown, OH | $177,503 | $893,530 |
Lifelong Advocacy Inc Clinton Township, MI | $2,064,675 | $759,728 |