Nonprofit · EIN 32-0373352
LOTUS FOUNDATION
Tax-exempt · SAN JOSE, CA 95138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $132,678 | $1,304,923 | -$1,172,245 | $3,590,039 | $0 | $3,590,039 |
| December 31, 2024 | 990-PF | $106,955 | $205,858 | -$98,903 | $4,376,509 | $0 | $4,376,509 |
| December 31, 2023 | 990-PF | $93,057 | $211,101 | -$118,044 | $3,812,798 | $0 | $3,812,798 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $60,583
- Interest
- $18
- Net gain from sales of assets
- $72,077
Expenses
- Grants and similar amounts paid
- $29,900
- Salaries, compensation and benefits (total)
- $143,474
- Disbursements for charitable purposes
- $173,374
- Excise tax on investment income
- $411
Balance sheet and other
- Total assets, start of year
- $4,376,509
- Total assets, end of year
- $3,590,039
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,590,039
- Fair market value of assets
- $3,590,039
- Qualifying distributions
- $173,374
- Net investment income
- $61,243
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PARESH PATEL 6030 HELLYER AVE SUITE 140, SAN JOSE, CA 95138 | TRUSTEE | 0 | $0 |
| PRAKASH PATEL 6030 HELLYER AVE SUITE 150, SAN JOSE, CA 95138 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PARESH PATEL 6030 HELLYER AVE SUITE 140, SAN JOSE, CA 95138 | TRUSTEE | 0 | $0 |
| PRAKASH PATEL 6030 HELLYER AVE SUITE 150, SAN JOSE, CA 95138 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PARESH PATEL 6030 HELLYER AVE SUITE 140, SAN JOSE, CA 95138 | TRUSTEE | 5 | $62,118 |
| PRAKASH PATEL 6030 HELLYER AVE SUITE 150, SAN JOSE, CA 95138 | TRUSTEE | 5 | $62,118 |
Address and contacts
- Address (IRS master file)
- 6030 HELLYER AVE STE 150, SAN JOSE, CA 95138-1038
- In care of
- % BBSI PREFERRED PAYROLL
- Signed the 990-PF
- PARESH PATEL, TRUSTEE
- Phone
- (408) 348-3319
- Return prepared by
- ALLIED TAX PLANNERS
California records
California keeps its own records of charities and corporations. Search them by EIN 32-0373352 or by the name LOTUS FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 32-0373352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,590,039
- Income (IRS master file)
- $249,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $132,678 | $1,304,923 | $3,590,039 | XML |
| 990-PF | December 2024 | $106,955 | $205,858 | $4,376,509 | XML |
| 990-PF | December 2023 | $93,057 | $211,101 | $3,812,798 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 32-0373352).
Questions about LOTUS FOUNDATION
- What is the EIN of LOTUS FOUNDATION?
- The employer identification number (EIN) of LOTUS FOUNDATION is 32-0373352.
- Is LOTUS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to LOTUS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does LOTUS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LOTUS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOTUS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of LOTUS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does LOTUS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $132,678, expenses of $1,304,923 and total assets of $3,590,039 at year end.
Other nonprofits in SAN JOSE
- CRANKSTART FOUNDATION EIN 94-3377099 · last filed 990-PF for 2024
- AGE FISHER FOUNDATION EIN 84-2644746 · last filed 990-PF for 2025
- EBAY FOUNDATION EIN 02-0605596 · last filed 990-PF for 2024
- BRIGHT FUNDS FOUNDATION EIN 46-2109112 · last filed 990 for 2024
- CISCO SYSTEMS FOUNDATION EIN 77-0443347 · last filed 990-PF for 2025
- GOOD PLANET FOUNDATION EIN 85-2355233 · last filed 990-PF for 2024
- AGAPE FOUNDATION CHARITABLE TRUST EIN 52-2241260 · last filed 990 for 2025
- GUENTHER FAMILY FOUNDATION EIN 99-6237796 · last filed 990-PF for 2025
All nonprofits in SAN JOSE · California · Philanthropy, voluntarism and grantmaking foundations