Nonprofit · EIN 35-1941942
LOTUS EDUCATION AND ARTS FOUNDATION INC
Tax-exempt · BLOOMINGTON, IN 47402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $319,834 | $436,260 | -$116,426 | $322,920 | $10,701 | $312,219 |
| December 31, 2023 | 990 | $406,268 | $560,333 | -$154,065 | $390,709 | $9,770 | $380,939 |
| December 31, 2022 | 990 | $399,251 | $531,671 | -$132,420 | $533,469 | $6,425 | $527,044 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $165,948
- of which government grants
- $32,354
- Program service revenue
- $122,592
- Investment income
- $3,710
- Net rental income
- $5,801
- Net income from fundraising events
- $21,119
- Other revenue
- $27,584
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $64,190
- Salaries, compensation and benefits (total)
- $179,039
- Professional fundraising fees
- $0
- Occupancy
- $7,666
- Depreciation
- $6,846
- Program services (functional)
- $313,250
- Management and general (functional)
- $81,023
- Fundraising (functional)
- $41,987
Balance sheet and other
- Total assets, start of year
- $390,709
- Total assets, end of year
- $322,920
- Total liabilities, end of year
- $10,701
- Net assets, end of year
- $312,219
- Land, buildings and equipment
- $171,356
- Gross receipts
- $324,904
- Employees
- 5
- Volunteers
- 500
- Year formed
- 1994
- State of legal domicile
- IN
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 |
|---|---|---|---|
| Katerina Koch | Exec Dir Highest-paid employee | 40 | $64,191 |
| Sheridan Arnold | Board Trustee or director | 1 | $0 |
| Dave Debikey | Board Trustee or director | 1 | $0 |
| Erica Penna | Secy Trustee or director, Officer | 1 | $0 |
| Jennifer Riley Simone | Board Trustee or director | 1 | $0 |
| Andy Qualls | Vice Chair Trustee or director, Officer | 1 | $0 |
| Katja Miller | Board Trustee or director | 1 | $0 |
| Daniel Reed | Board Trustee or director | 1 | $0 |
| Annie Stowers | Board Trustee or director | 1 | $0 |
| Michael Valliant | Chair Trustee or director, Officer | 1 | $0 |
| Zac Simpkins | Treas Trustee or director, Officer | 1 | $0 |
| Amanda Franklin | Board Trustee or director | 1 | $0 |
| Kathleen Hugo | Board Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katerina Koch | Exec Dir Highest-paid employee | 40 | $31,513 |
| Sheridan Arnold | Board Trustee or director | 1 | $0 |
| Dave Debikey | Board Trustee or director | 1 | $0 |
| Erica Penna | Secy Trustee or director, Officer | 1 | $0 |
| Jennifer Riley Simone | Chair Trustee or director | 1 | $0 |
| Andy Qualls | Vice Chair Trustee or director, Officer | 1 | $0 |
| Genevieve Pritchard | Board Trustee or director | 1 | $0 |
| Dan Mounlio | Board Trustee or director | 1 | $0 |
| Katja Miller | Board Trustee or director | 1 | $0 |
| Daniel Reed | Board Trustee or director | 1 | $0 |
| Anne Bartlett Stowers | Board Trustee or director | 1 | $0 |
| Michael Valliant | Chair Trustee or director, Officer | 1 | $0 |
| Zac Simpkins | Treas Trustee or director, Officer | 1 | $0 |
| Amanda Franklin | Board Trustee or director | 1 | $0 |
| Kathleen Hugo | Board Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tamara Loewenthal | Exec Dir Highest-paid employee | 40 | $56,072 | $9,453 |
| Geoffrey Bradley | Board Trustee or director | 1 | $0 | $0 |
| Dave Debikey | Board Trustee or director | 1 | $0 | $0 |
| Erica Penna | Board Trustee or director | 1 | $0 | $0 |
| Jennifer Riley Simone | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andy Qualls | Secy Trustee or director, Officer | 1 | $0 | $0 |
| Genevieve Pritchard | Board Trustee or director | 1 | $0 | $0 |
| Heidi Harmon | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Katja Miller | Board Trustee or director | 1 | $0 | $0 |
| Daniel Reed | Board Trustee or director | 1 | $0 | $0 |
| Anne Bartlett Stowers | Board Trustee or director | 1 | $0 | $0 |
| Michael Valliant | Board Trustee or director | 1 | $0 | $0 |
| Zac Simpkins | Board Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1667, BLOOMINGTON, IN 47402-1667
- Principal officer (990 for 2024)
- Katerina Koch, 105 S Rogers St, Bloomington, IN 47404
- Signed the 990
- Katarina Koch, Exec Dir
- Phone
- (812) 336-6599
- Website
- Lotusfest.org
- Return prepared by
- Tax Pros
Mission
Stimulate and promote interest in global and international music, dance and art activities
Program accomplishments
- Support Music and Art Activities. Achievements include bringing live, global arts events and workshops to the community, showcasing talent and bringing together local participation in aspects of performand & production. Clients served=10,000. Donated Serv=$44,000. Donated Personal Time/Services=$100,000Expenses $312,500 · grants $32,354 · revenue $305,733
- Provide Facilities for Music and Art Activities. Achievenents include providing expertise and networking contacts with other presenters and sites in the local community and Midwest in general. Clients served=150. Donated Serv=$15,000. Donated Personal Time/Services=$-0Expenses $750 · grants $24,400 · revenue $5,801
- Provide Music and Art Education. Achievements include bringing arts to the local schools and local children through children oriented programing. Clients served=9,000. Donated Serv=$10,000grants $385 · revenue $8,300
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1941942
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A200)
- Assets (IRS master file)
- $322,920
- Income (IRS master file)
- $324,904
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $319,834 | $436,260 | $322,920 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $406,268 | $560,333 | $390,709 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $399,251 | $531,671 | $533,469 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | 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 35-1941942).
Questions about LOTUS EDUCATION AND ARTS FOUNDATION INC
- What is the EIN of LOTUS EDUCATION AND ARTS FOUNDATION INC?
- The employer identification number (EIN) of LOTUS EDUCATION AND ARTS FOUNDATION INC is 35-1941942.
- Is LOTUS EDUCATION AND ARTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to LOTUS EDUCATION AND ARTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOTUS EDUCATION AND ARTS 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 EDUCATION AND ARTS 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 EDUCATION AND ARTS 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 EDUCATION AND ARTS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Katerina Koch.
- Who are the officers and directors of LOTUS EDUCATION AND ARTS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $64,191 (Katerina Koch, Exec Dir).
- How much revenue does LOTUS EDUCATION AND ARTS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $319,834, expenses of $436,260 and total assets of $322,920 at year end.
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