The Lotus Campaign INC EIN 82-4662347

The Lotus Campaign INC

EIN  82-4662347 Public charity (501(c)(3)) Charlotte, NC
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Size
$1–10M
What they do
Increases housing for people experiencing homelessness.
Leadership
Beth Silverman · Executive Director · $161K
Money in and out
$1.2M revenue, $1.1M expenses
Bottom line
76% program efficiency

Increases housing for people experiencing homelessness. For fiscal year 2024 it reported $1.2M in revenue, $1.1M in expenses, and $559K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$559K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.05 Fundraising $0.19
Program efficiency
76%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
4.4mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +116% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +65%
Expenses
$1.1M
FY2024▲ +24%
Total assets
$566K
FY2024▲ +10%
Total liabilities
$6K
FY2024▼ -29%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$559K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$566K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $867K of program spending, described in the organization's own filed words · FY2024.
01

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.

$867Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Lotus Campaign INC
EINHdr · item D82-4662347
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jlotuscampaign.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L80)
Ruling yearIRS BMFOct 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$160,730Pt VII · Sec A
Director of Development
$123,930Pt VII · Sec A
Program Director
$107,084Pt VII · Sec A
Program Director
$55,155Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Beth Silverman$160,730$153,287$144,851$133,059$131,596
Holly Calvasina$123,930
Michelle Spreitzer$84,649$119,355$20,769
Julie Paul$107,084
Sean Maroney$62,550
Geoffrey Brooks$55,155
Holly Calvasina$2,952

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants102%$1.2M
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.05 Fundraising $0.19
Program services76%$867K
Management & general5%$59K
Fundraising19%$219K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$416K
Total assetsLn 16$566K
Total liabilitiesLn 26$6K
Total net assetsLn 32$559K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $416K · Operating expenses/yr $1.1M
4.4 months
Where the money goes
Program services
Program services $867K · Total expenses $1.1M
76%
Management & General
Management & general $59K · Total expenses $1.1M
5%
Fundraising
Fundraising $219K · Total expenses $1.1M
19%
Cost to raise $1
Fundraising expense (3-yr avg) $163K · Solicited contributions (3-yr avg) $1.0M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
102%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $-20K · Total revenue $1.2M
-2%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $724K
+65%
Revenue CAGR
FY2020 $295K · FY2024 $1.2M
+42%
Net-asset trend (YoY)
End of year $559K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.1M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $566K
Net-asset ratio
Net assets $559K · Total assets $566K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $566K
0%
People & payroll
Highest Reported Total Compensation
Individual Beth Silverman · Reported title Executive Director · Highest reported compensation $161K · Total expenses $1.1M
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $658K · Total expenses $1.1M
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 5%
Fundraising cost ratio 18%
Revenue growth 65%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$724K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$513K revenue · ⤓ 990 PDF
FY2020$295K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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