Nonprofit · EIN 92-2233642
LOTUS ENTREPRENEURSHIP INSTITUTE INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $57,287 | $70,124 | -$12,837 | $15,554 | $27,758 | -$12,204 |
| June 30, 2024 | 990-EZ | $76,010 | $75,376 | $634 | $13,345 | $12,711 | $634 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $49,755
- Program service revenue
- $7,532
Expenses
- Compensation of officers, directors and key employees
- $15,000
- Salaries, compensation and benefits (total)
- $5,030
- Professional fees and payments to contractors
- $24,600
- Other expenses
- $40,494
- Program services (functional)
- $34,500
Balance sheet and other
- Total assets, start of year
- $13,345
- Total assets, end of year
- $15,554
- Total liabilities, end of year
- $27,758
- Net assets, end of year
- -$12,204
- Cash, savings and investments
- $8,554
- Gross receipts
- $57,287
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW GOLDBERG | PRESIDENT | 1 | $15,000 |
| KELLY MITTAL | DIRECTOR | 1 | $0 |
| DENIS CHO | SECRETARY | 1 | $0 |
| VINAY AGGARWAL | DIRECTOR | 1 | $0 |
990-EZ for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW GOLDBERG | PRESIDENT | 1 | $0 |
| KELLY MITTAL | SECRETARY | 1 | $0 |
| DENIS CHO | DIRECTOR | 1 | $0 |
| VINAY AGGARWAL | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 85 E INDIA ROW APT 26H, BOSTON, MA 02110-3395
- In care of
- % ANDREW N GOLDBERG
- Signed the 990-EZ
- ANDREW GOLDBERG, PRESIDENT
- Phone
- (617) 953-0954
- Website
- HTTPS://WWW.ELEVASIAN.ORG/
- Return prepared by
- LEE YEE & COMPANY PC
Mission
ELEVASIAN NARROWS THE WEALTH GAP BETWEEN THE MOST AND LEAST AFFLUENT ASIANS, WHICH IS THE WIDEST OF ANY RACIAL GROUP IN THE UNITED STATES, BY STIMULATING JOB CREATION AND WEALTH GENERATION IN LOW-AND MODERATE-INCOME ASIAN COMMUNITIES.
Program accomplishments
- 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).Expenses $34,500
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-2233642
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $15,554
- Income (IRS master file)
- $57,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $57,287 | $70,124 | $15,554 | XML |
| 990-EZ | June 2024 | $76,010 | $75,376 | $13,345 | XML |
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 92-2233642).
Questions about LOTUS ENTREPRENEURSHIP INSTITUTE INC
- What is the EIN of LOTUS ENTREPRENEURSHIP INSTITUTE INC?
- The employer identification number (EIN) of LOTUS ENTREPRENEURSHIP INSTITUTE INC is 92-2233642.
- Is LOTUS ENTREPRENEURSHIP INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to LOTUS ENTREPRENEURSHIP INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOTUS ENTREPRENEURSHIP INSTITUTE 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 ENTREPRENEURSHIP INSTITUTE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOTUS ENTREPRENEURSHIP INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of LOTUS ENTREPRENEURSHIP INSTITUTE INC?
- The 990-EZ for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $15,000 (ANDREW GOLDBERG, PRESIDENT).
- How much revenue does LOTUS ENTREPRENEURSHIP INSTITUTE INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $57,287, expenses of $70,124 and total assets of $15,554 at year end.
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