Lotus Recovery Inc is a private foundation focused on Mental Health & Crisis Intervention, based in MARION, IN. IRS filing data is available for 2024. As of 2024, the organization holds $18K in total assets. In 2024, it made $20K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18K
Revenue
$40K
Qualifying Distributions
$20K
Expenses
$22K
Under IRS private-foundation payout rules, Lotus Recovery Inc reported a distributable amount of $188 for 2024 — the minimum it must pay out in qualifying distributions.
About Lotus Recovery Inc
Based on IRS filings
Lotus Recovery Inc is a private foundation focused on Mental Health & Crisis Intervention, based in MARION, IN. IRS filing data is available for 2024. As of 2024, the organization holds $18K in total assets. In 2024, it made $20K in qualifying distributions.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 |
|---|---|
| Total Assets | $18,122 |
| Revenue | $40,414 |
| Expenses | $22,292 |
| Qualifying Distributions | $20,350 |
| Net Investment Income | — |
| Distributable Amount | $188 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Riley Tangeman | Executive Director | 21 | — |
| Kailynne Tangeman | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lotus Recovery Inc?
Lotus Recovery Inc is a private foundation focused on Mental Health & Crisis Intervention, based in MARION, IN. It holds $18K in total assets as of 2024.
How large is Lotus Recovery Inc?
As of 2024, Lotus Recovery Inc holds $18K in total assets with $40K in annual revenue.
How much is Lotus Recovery Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lotus Recovery Inc reported a distributable amount of $188 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lotus Recovery Inc's EIN?
Lotus Recovery Inc's EIN (Employer Identification Number) is 99-1548834. IRS Form 990 filing data is available on this page for 2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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