Nonprofit · EIN 81-4341128
WISDOM LOTUS FOUNDATION INC
Tax-exempt · LINCOLN, MA 01773
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $112,006 | $122,549 | -$10,543 | $80,835 | $0 | $80,835 |
| December 31, 2023 | 990-EZ | $159,620 | $136,365 | $23,255 | $91,378 | $0 | $91,378 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $108,334
- Investment income
- $3,672
Expenses
- Grants and similar amounts paid
- $80,800
- Compensation of officers, directors and key employees
- $27,714
- Salaries, compensation and benefits (total)
- $27,714
- Professional fees and payments to contractors
- $6,296
- Other expenses
- $7,739
- Program services (functional)
- $30,596
Balance sheet and other
- Total assets, start of year
- $91,378
- Total assets, end of year
- $80,835
- Total liabilities, end of year
- $0
- Net assets, end of year
- $80,835
- Cash, savings and investments
- $8,305
- Gross receipts
- $112,006
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH NITSCHKE | CLERK | 12 | $27,714 |
| LISETTE COOPER | PRESIDENT/TREASURER | 3 | $0 |
| JOHN SCOTT KETO | DIRECTOR | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH NITSCHKE | CLERK | 12 | $27,714 |
| LISETTE COOPER | PRESIDENT/TREASURER | 3 | $0 |
| JOHN SCOTT KETO | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5 LONGMEADOW RD, LINCOLN, MA 01773-4809
- In care of
- % LISETTE COOPER
- Signed the 990-EZ
- LISETTE COOPER, PRESIDENT
- Phone
- (617) 574-4134
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
THE FOUNDATION IS ENGAGED IN ACTIVITIES PROMOTING AND SUPPORTING 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 ENGAGE IN ACTIVITES FUTHERING THE PRESERVATION OF TEACHINGS AND OTHER SOURCE MATERIALS RELATED TO TRADITIONAL PRACTICES AND TRADITIONS, AS WELL AS SUPPORTING SECULAR INTERPRETATION OF THESE PRACTICES SUITABLE FOR USE IN MODERN SOCIETY.
Program accomplishments
- 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.Expenses $6,296 · grants $56,500
- MICHAEL PASSOFF IS CEO OF PROXY IMPACT. HE HAS A CAREER IN ACTIVISM, ADVOCACY, AND EDUCATION. PASSOFF'S ACTIVISM IS AROUND TRYING TO GET CORPORATIONS TO BE MORE RESPONSIBLE AROUND ISSUES OF EQUITY, JUSTICE, POVERTY, AND PRESSING SOCIAL ISSUES. PASSOFF STAYS CURRENT AROUND REGULATIONS AND RELEVANT CURRENT SECTOR DATA AND PARTICIPATES IN AND CONDUCTS RESEARCH, PLANNING, AND NETWORKING. WISDOM LOTUS FOUNDATION ENGAGED PASSOFF TO ASSIST WITH THE WOMEN'S INCLUSION PROJECT BECAUSE OF HIS EXTENSIVE EXPERIENCE. PASSOFF NEGOTIATED WITH COMPANIES ON BEHALF OF WOMEN AND CHILDREN, AND OTHER UNDERSERVED AND UNDERRECOGNIZED GROUPS, PROVIDING MEMO SUMMARIES AND MEETING WITH THE GROUP. HIS UNIQUE EXPERIENCE MAKES A DIFFERENCE AND IS REQUIRED TO MAKE A DIFFERENCE AT SUCH A HIGH THRESHOLD. PASSOFF PROVIDES EXPERTISE AROUND ADVOCACY EFFORTS DONE IN COLLABORATION WITH A GENDER LENS, SOCIALLY RESPONSIBLE, FAITH-BASED, AND IMPACT INVESTORS, AS WELL AS WITH SHAREHOLDER NETWORKS, ACADEMICS, AND NGOS. HE HAS HELPED WITH SEVERAL SUCCESSFUL ENGAGEMENTS, TALKING WITH AND EDUCATING COMPANIES, US, AND OTHER SHAREHOLDERS.Expenses $24,300 · grants $24,300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-4341128
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X50)
- Assets (IRS master file)
- $80,835
- Income (IRS master file)
- $112,006
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $112,006 | $122,549 | $80,835 | XML |
| 990-EZ | December 2023 | $159,620 | $136,365 | $91,378 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-4341128).
Questions about WISDOM LOTUS FOUNDATION INC
- What is the EIN of WISDOM LOTUS FOUNDATION INC?
- The employer identification number (EIN) of WISDOM LOTUS FOUNDATION INC is 81-4341128.
- Is WISDOM LOTUS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to WISDOM LOTUS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WISDOM LOTUS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WISDOM LOTUS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WISDOM LOTUS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of WISDOM LOTUS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $27,714 (SARAH NITSCHKE, CLERK).
- How much revenue does WISDOM LOTUS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $112,006, expenses of $122,549 and total assets of $80,835 at year end.
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