Lotus Entrepreneurship Institute Inc
- Assets
- $13.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 06/2024
- EIN
- 92-2233642
Organization Overview
Lotus Entrepreneurship Institute Inc is located in Boston, MA. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Entrepreneurship Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
ELEVASIAN SERVES ESTABLISHED AND EARLY-STAGE, REVENUE-GENERATING, ENGLISH- SPEAKING ASIAN COMPANIES THAT ARE SEEKING INCREASED BUSINESS KNOWLEDGE, SOCIAL CAPITAL TO GROW THEIR BUSINESSES, AND A SUPPORTIVE COMMUNITY. THESE BUSINESS ARE PREDOMINANTLY LOCATED IN LOW-AND MODERATE-INCOME ASIAN COMMUNITIES STATEWIDE. ELEVASIAN INCLUDES A STRUCTURED CURRICULUM, ONE-ON- ONE MENTORING, PEER-TO-PEER LEARNING, AND THE SOCIAL/EMOTIONAL SUPPORT THAT COMES FROM THE SENSE OF BELONGING TO A COMMUNITY OF LIKE-MINDED PEOPLE. ELEVASIAN PROVIDES A SAFE SPACE FOR SMALL ASIAN BUSINESS OWNERS TO PIVOT FROM WORKING IN THE BUSINESS (OWNER EMPLOYEE MINDSET)TO WORKING ON THE BUSINESS (OWNER STRATEGIST).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Goldberg President | 1 | $0 | |
Kelly Mittal Secretary | 1 | $0 | |
Denis Cho Director | 1 | $0 | |
Vinay Aggarwal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,010 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,010 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $36,311 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,065 |
| Total expenses | $75,376 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,345 |
| Other assets | $0 |
| Total assets | $13,345 |
| Total liabilities | $12,711 |
| Net assets or fund balances | $634 |