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Nonprofit · EIN 82-4662347

THE LOTUS CAMPAIGN INC

Tax-exempt · CHARLOTTE, NC 28229

Financials

$724K$919K2023$1.2M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of THE LOTUS CAMPAIGN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,196,987$1,144,344$52,643$565,764$6,439$559,325
December 31, 2023990$724,428$919,249-$194,821$515,723$9,041$506,682
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,216,183
Program service revenue
$0
Investment income
-$20,134
Other revenue
$938

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$446,899
Other salaries and wages
$129,180
Salaries, compensation and benefits (total)
$658,485
Professional fundraising fees
$0
Occupancy
$36,130
Travel
$39,746
Program services (functional)
$866,753
Management and general (functional)
$58,977
Fundraising (functional)
$218,614

Balance sheet and other

Total assets, start of year
$515,723
Total assets, end of year
$565,764
Total liabilities, end of year
$6,439
Net assets, end of year
$559,325
Net assets without donor restrictions
$529,325
Net assets with donor restrictions
$30,000
Gross unrelated business income
-$7,823
Gross receipts
$1,196,987
Employees
7
Year formed
2018
State of legal domicile
NC

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.

NameTitleHours / weekCompensation
BETH SILVERMANExecutive Director
Officer
40$160,730
Holly CalvasinaDIRECTOR OF Development
Trustee or director
40$123,930
Julie PaulProgram Director
Trustee or director
40$107,084
Geoffrey BrooksProgram Director
Trustee or director
40$55,155
PHILIP PAYNEPRESIDENT
Trustee or director, Officer
40$0
MOLLY MCCABEBOARD MEMBER
Trustee or director, Officer
5$0
Sylvia KwanBOARD MEMBER
Trustee or director
1$0
JERALYN GERBABOARD MEMBER
Trustee or director
1$0
KEITH HARRISBOARD MEMBER
Trustee or director
1$0
ROB BERGDOLTBOARD MEMBER
Trustee or director
1$0
Maureen BoyerBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
BETH SILVERMANExecutive Director
Officer
40$153,287
SEAN MARONEYSenior VP of Development
Trustee or director
40$62,550
HOLLY CALVASINADIRECTOR OF Development
Trustee or director
40$2,952
PHILIP PAYNEPRESIDENT
Trustee or director, Officer
40$0
MOLLY MCCABEVICE PRESIDENT
Trustee or director, Officer
5$0
Paul BernardBoard Member
Trustee or director
1$0
Sylvia KwanBoard Member
Trustee or director
1$0
Stephen BlankBoard Member
Trustee or director
1$0
JERALYN GERBABOARD MEMBER
Trustee or director
1$0
KEITH HARRISBOARD MEMBER
Trustee or director
1$0
ROB BERGDOLTBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 29097, CHARLOTTE, NC 28229-9097
In care of
% BETH SILVERMAN
Principal officer (990 for 2024)
Beth Silverman, PO Box 29097, charlotte, NC 28229
Signed the 990
Beth Silverman, Exec. Director
Phone
(704) 324-3330
Return prepared by
PESTA FINNIE & ASSOCIATES LLP

Mission

LOTUS CAMPAIGN'S MISSION IS TO UNLOCK STABLE HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS. THE LOTUS CAMPAIGN UNITES REAL ESTATE LEADERS, LANDLORDS, SERVICE PROVIDERS AND PHILANTHROPISTS TO DRAMATICALLY REDUCE HOMELESSNESS. WE ENGAGE THE PRIVATE SECTOR TO SOLVE THE SUPPOSEDLY "UNSOLVABLE" EPIDEMIC OF HOMELESSNESS AND DEPLOY PHILANTHROPY TO OPEN ACCESS TO MARKET-RATE, MIXED-INCOME HOUSING WITHOUT GOVERNMENT FUNDS OR SUPPORT. OUR UNPRECEDENTED APPROACH HAS A 96% SUCCESS RATE THAT COMMUNITIES EVERYWHERE CAN REPLICATE AND SCALE. FOR MORE INFORMATION PLEASE VISIT LOTUS CAMPAIGN AT LOTUSCAMPAIGN.ORG.

990 for the year ended December 31, 2024

Program accomplishments

  • Funds contributed to sponsoring organizations and participating landlords to assist with housing people experiencing homelessness. Since launching in 2018, Lotus Campaign has facilitated housing for more than 600 individuals and families. Additionally, 94% of Lotus graduates secured housing on their own within two years of entering our program. 358 individuals have moved on to independent housing after support from Lotus Campaign's Landlord Participation Program. Lotus has also sponsored 273 lease renewals supporting individuals and families as they continue to renew their leases as part of Lotus's programs.
    Expenses $866,753

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-4662347
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
Assets (IRS master file)
$565,764
Income (IRS master file)
$1,196,987

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,196,987$1,144,344$565,764XML
990-TDecember 2024–––IRS
990December 2023$724,428$919,249$515,723XML
990-TDecember 2023–––IRS
990December 2022$1,202,248$641,798$709,937IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 82-4662347).

Questions about THE LOTUS CAMPAIGN INC

What is the EIN of THE LOTUS CAMPAIGN INC?
The employer identification number (EIN) of THE LOTUS CAMPAIGN INC is 82-4662347.
Is THE LOTUS CAMPAIGN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to THE LOTUS CAMPAIGN INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE LOTUS CAMPAIGN 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 THE LOTUS CAMPAIGN 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 THE LOTUS CAMPAIGN 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 THE LOTUS CAMPAIGN INC?
The 990 for the year ended December 31, 2024 names Beth Silverman.
Who are the officers and directors of THE LOTUS CAMPAIGN INC?
The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $160,730 (BETH SILVERMAN, Executive Director).
How much revenue does THE LOTUS CAMPAIGN INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,196,987, expenses of $1,144,344 and total assets of $565,764 at year end.

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