Nonprofit · EIN 82-4342963
LOTUS SCHOOL FOUNDATION INC
Tax-exempt · SAN ANTONIO, TX 78223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $123,110 | $133,121 | -$10,011 | $7,781 | $0 | $7,781 |
| December 31, 2023 | 990 | $143,358 | $165,056 | -$21,698 | $12,792 | $0 | $12,792 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $123,110
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $122,051
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $126,301
- Management and general (functional)
- $4,995
- Fundraising (functional)
- $1,825
Balance sheet and other
- Total assets, start of year
- $12,792
- Total assets, end of year
- $7,781
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,781
- Gross receipts
- $123,110
- Employees
- 0
- Volunteers
- 31
- Year formed
- 2018
- State of legal domicile
- TX
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIMI VO | PRESIDENT Officer | 20 | $0 |
| SUK KYONG PAK | SECRETARY Officer | 20 | $0 |
| PHUONG TRUONG | TREASUER Officer | 20 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHUONG TRUONG | TREASUER Officer | 20 | $0 |
| SUK KYONG PAK | SECRETARY Officer | 20 | $0 |
| MIMI VO | PRESIDENT Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 4102 S NEW BRAUNFELS AVE 110-218, SAN ANTONIO, TX 78223-1717
- In care of
- % PHUONG TRUONG
- Mailing address (990-N for 2018)
- 4102 S NEW BRAUNFELS AVE STE110-218, SAN ANTONIO TX 782231717
- Principal officer (990 for 2024)
- MIMI VO, 4102 S NEW BRAUNFELS AVE 110-218, SAN ANTONIO, TX 78223
- Principal officer (990-N for 2018)
- Mimi Vo, 5819 Fort Laramie, San Antonio TX 78239
- Signed the 990
- PHUONG TRUONG, TREASURER
- Phone
- (210) 812-0612
- Return prepared by
- X247TAX&ACCOUNTING
Mission
THE LOTUS SCHOOL FOUNDATIONS MISSION IS TO BUILD SCHOOLS IN RURAL, POVERTY-STRICKEN VILLAGES THAT CURRENTLY HAVE NO ADEQUATE SCHOOL INFRASTRUCTURE ADN TO PROVIDE AN EQUAL EDUCATIONAL OPPORTUNITY FOR CHILDREN WORLDWIDE.
Program accomplishments
- COMPLETED BUILDING 10 SCHOOL PROJECTS IN THE RURAL MOUNTAINOUS AREAS OF VIETNAM.Expenses $126,301
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-4342963
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $7,781
- Income (IRS master file)
- $123,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $123,110 | $133,121 | $7,781 | XML |
| 990 | December 2023 | $143,358 | $165,056 | $12,792 | XML |
| 990 | December 2022 | $132,975 | $121,694 | $34,490 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Mimi Vo | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-4342963).
Questions about LOTUS SCHOOL FOUNDATION INC
- What is the EIN of LOTUS SCHOOL FOUNDATION INC?
- The employer identification number (EIN) of LOTUS SCHOOL FOUNDATION INC is 82-4342963.
- Is LOTUS SCHOOL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to LOTUS SCHOOL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOTUS SCHOOL 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 LOTUS SCHOOL 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 LOTUS SCHOOL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOTUS SCHOOL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MIMI VO.
- Who are the officers and directors of LOTUS SCHOOL FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LOTUS SCHOOL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $123,110, expenses of $133,121 and total assets of $7,781 at year end.
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