Lotus Seed Inc in Portland, Oregon (OR)
Table of contents:
| Lotus Seed Inc | |
| Employer Identification Number (EIN) | 753110139 |
| Name of Organization | Lotus Seed Inc |
| In Care of Name | Margaret Wren Doggett |
| Address | 6 Ne Tillamook St, Portland, OR 97212-3742 |
| Subsection | Educational Organization |
| Ruling Date | 11/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,500 |
| Amount of Income | $80,000 |
| Form 990 Revenue Amount | $80,000 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Community Recreational Centers |
Non-representatives - add comments:
Amount of income in 2013: $80,000 (it was $80,000 in 2012)
| This organization: | $80,000 |
| Other organizations performing similar types of work: | $80,385 |
Assets in 2013: $1,500 (it was $1,500 in 2012)
| This organization: | $1,500 |
| Other organizations performing similar types of work: | $100,374 |
Expenses in 2013: $80,000
| This organization: | $80,000 |
| Other organizations performing similar types of work: | $63,143 |
Income to expenses ratio in 2013: 1.0
| Lotus Seed Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 25.0%
| Lotus Seed Inc: | 25.0% |
| Other organizations performing similar types of work: | 25.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $65,000 | $80,000 | $80,000 | |
| Contributions, gifts, grants, and similar amounts received | $45,000 | $20,000 | $20,000 | |
| Program service revenue including government fees and contracts | $0 | $15,000 | $15,000 | |
| Membership dues and assessments | $20,000 | $45,000 | $45,000 | |
| Investment income | $0 | $0 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | |
| Other revenue | $0 | $0 | $0 | |
| Total expenses | $58,500 | $80,000 | $80,000 | |
| Total net assets | $1,500 | $1,500 | $1,500 | |
| Excess/Deficit for the year | $6,500 | $0 | $0 | |
| Net assets or fund balances at beginning of year | $-5,000 | $1,500 | $1,500 | |
| Other changes in net assets or fund balances | $0 | $0 | $0 | |
| Net assets or fund balances at end of year | $8,000 | $1,500 | $1,500 | |
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $1,500 | $1,500 | $1,500 | $1,500 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $1,500 | $1,500 | $1,500 | |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wood River Community Young Mens Christian Association Inc | PO BOX 6801, Ketchum, ID 83340-6801 | ID | 1995-09 | $5,940,555 |
| 2 | Vietnamese American Communitycenter Of The East Bay | 655 International Blvd, Oakland, CA 94606-2911 | CA | 2006-12 | $337,421 |
| 3 | Umpqua Valley Tennis Center Inc | 1200 Nw Stewart Pkwy, Roseburg, OR 97471-1994 | OR | 2009-02 | $280,113 |
| 4 | Lotus Seed Inc | 6 Ne Tillamook St, Portland, OR 97212-3742 | OR | 2003-11 | $80,000 |
| 5 | Spray Community School Education Association | Po Box 64, Spray, OR 97874 | OR | 2004-04 | $22,471 |
| 6 | Umpqua Community Center | Po Box 2, Umpqua, OR 97486 | OR | 1998-04 | $20,270 |
| 7 | Noti Community Center | P O Box 501, Noti, OR 97461 | OR | 2012-08 | $10,323 |
| 8 | Springfield Thunderegg Rock Club | C/O Peg Burdge Po Box 312, Springfield, OR 97477 | OR | 2005-09 | $5,127 |
| 9 | Community Center Of Grants Pass | PO BOX 2491, Grants Pass, OR 97526 | OR | 2006-06 | $0 |
| 10 | Crooked River Ranch Community Development Organization | 8831 Sw Equestrian Place, Terrebonne, OR 97760 | OR | 2005-06 | $0 |
| 11 | Edgewood Pool & Community Center | PO BOX 5663, Eugene, OR 97405 | OR | 2012-12 | $0 |
| 12 | Friends Of Robinwood Station | 3706 Cedaroak Drive, West Linn, OR 97068 | OR | 2014-11 | $0 |
| 13 | Grants Pass Tennis Sports Complex | PO BOX 787, Grants Pass, OR 97527 | OR | 2010-11 | $0 |
| 14 | Panther Creek Senior And Community Center Inc | Po Box 72, Otis, OR 97368 | OR | 2014-05 | $0 |
| 15 | Recreation Enrichment Center | PO BOX 430, Willamina, OR 97396-0430 | OR | 2002-01 | $0 |
| 16 | Riverside Community | 35241 Riverside Dr Sw, Albany, OR 97321-9481 | OR | 2000-04 | $0 |
| 17 | Salem-Keizer Aquatic Center Inc | PO BOX 444, Prineville, OR 97754-0444 | OR | 2001-06 | $0 |
| 18 | Stokes Landing Community Center Corporation | PO BOX 614, Irrigon, OR 97844-0614 | OR | 2000-03 | $0 |
| 19 | Telequa Community Center Inc | Po Box 104, Tiller, OR 97484 | OR | 1996-11 | $0 |
| 20 | The Dundee Community Center | Po Box 103, Dundee, OR 97115 | OR | 2001-08 | $0 |
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| Total | 1,668 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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