Lotus Petal Usa
- Assets
- $44.3k
- Revenue
- $231.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-3230113
Organization Overview
Lotus Petal Usa is located in Glendale, CA. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Petal USA 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 12/2022, Lotus Petal USA generated $231.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.8% each year . All expenses for the organization totaled $376.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS TO HELP PROVIDE EDUCATION AND HEALTHCARE TO CHILDREN OF LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHILE COVID RECOVERY CONTINUED ACROSS THE WORLD, IT HAS BEEN HARD FOR BENEFICIARIES OF LOTUS PETAL TO REBUILD THEIR LIVES. WE CONTINUE TO PROVIDE GRANTS TO LOTUS PETAL CHARITABLE FOUNDATION, GURUGRAM TO HELP THEM PROVIDE CONTINUITY OF PROVIDING EDUCATION TO UNDERPRIVILEGED CHILDREN. DURING 2022 LOTUS PETAL CHARITABLE FOUNDATION HAS FURTHER INVESTED IN IT'S EFFORT TO ENSURE BETTER EDUCATION TO UNDER PRIVILEGED CHILDREN AND PARTLY STARTED A NEW SCHOOL FOR THEM; WITH THE LATEST TEACHING AIDS AND METHODS. THEY HAVE ALSO STARTED A E-LEARNING FACILITIES TO CATER TO STUDENTS IN VARIOUS REMOTELY LOCATED SCHOOLS FOR UNDERPRIVILEGED CHILDREN. THEY CONTINUE TO ADD STUDENTS TO THEIR SCHOOLS AND THEIR PRESENT STRENGTH IS AROUND 1250. IN ADDITION AROUND 5000 STUDENTS SPREAD OVER 55 SCHOOLS ARE BENEFITED FROM REMOTE LEARNING FACILITIES PROVIDED BY THEM. WHILE WE WANT TO CONTINUE SUPPORTING THIS ENDEAVOR, WE WERE ABLE TO TRANSFER SMALLER AMOUNT ( USD 330,000 ) DUE TO LOWER ACTIVITY IN LOTUS PETAL USA.
CONTRIBUTION IS ALSO MADE TO INNOVATION AND SCIENCE PROMOTION FOUNDATION TO HELP THEM WITH SCHOOL RENOVATION, THIS SCHOOL IS EXCLUSIVELY FOR EDUCATING CHILDREN FROM ECONOMICALLY WEAKER SECTION.
CONTRIBUTION MADE TO ASHRAY AKRUTI AND JAI VAKEEL FOUNDATION AND RESEARCH CENTRE TO HELP THEM IN THEIR ENDEAVOR FOR EDUCATION OF SPECIALLY ABLED BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Navneet S Chugh Board Member | Trustee | 1.5 | $0 |
Mukesh Gupta Board Member | Trustee | 1.5 | $0 |
Shanthi Ganeshan Board Member | Trustee | 1.5 | $0 |
Monisha Gupta Board Member | Trustee | 1.5 | $0 |
Ami Amin Board Member | Trustee | 1.5 | $0 |
Nicole Jain Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,764 |
| Noncash contributions included in lines 1a–1f | $4,692 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,304 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $231,304 |
| 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 | $369,525 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $376,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,641 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,333 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $44,333 |
| Total liabilities and net assets/fund balances | $44,333 |