Wisdom Lotus Foundation Inc
- Assets
- $110.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 02/2018
- Data as of
- 12/2021
- EIN
- 81-4341128
Organization Overview
Wisdom Lotus Foundation Inc is located in Lincoln, MA. The organization was established in 2018. According to its NTEE Classification (X50) the organization is classified as: Buddhism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisdom Lotus Foundation 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, Wisdom Lotus Foundation Inc generated $105.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS PROVIDED TO PROMOTE AND SUPPORT 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 SUPPORT THE ENGAGEMENT IN ACTIVITES FUTHERING THE PRESERVATION OF TEACHINGS AND OTHER SOURCE MATERIALS RELATED TO TRADITIONAL PRACTICES AND TRADITIONS, AS WELL AS SUPPORT SECULAR INTERPRETATION OF THESE PRACTICES SUITABLE FOR USE IN MODERN SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Nitschke Clerk | 3 | $27,714 | |
Lisette Cooper President/treasurer | 3 | $0 | |
John Scott Keto Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,223 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,706 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,929 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,714 |
| Professional fees and other payments to independent contractors | $45,588 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,187 |
| Total expenses | $100,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,127 |
| Other assets | $0 |
| Total assets | $110,771 |
| Total liabilities | $0 |
| Net assets or fund balances | $110,771 |
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