Lee Family Foundation Inc
- Assets
- $176.2k
- Revenue
- $628.0k
- Investments
- $137.1k
- Employees
- 0
- Location
- Anthem, AZ
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-8039685
Organization Overview
Lee Family Foundation Inc is located in Anthem, AZ. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lee Family Foundation Inc generated $628.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $311.0k during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lee Family Foundation Inc has awarded 123 individual grants totaling $1,720,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO HOPE 4 KIDS FOUNDATION. DONATION SUPPORTS NYAFUMBA VILLAGE BY BUILDING INFRASTRUCTURE, DIGGING WELLS, AGRICULTURAL SUPPORT, FEEDING AND EDUCATION PROGRAMS.
DONATION TO U.S. SKI AND SNOWBOARD ASSOCIATION. TO SUPPORT OLYMPIC SKIING AND SNOWBOARDING. TO PROVIDE LEADERSHIP AND DIRECTION TO YOUNG SKIERS AND SNOWBOARDERS WHO SHARE IN THE OLYMPIC DREAM.
DONATION TO HONOR HEALTH FOUNDATION. DONATION SUPPORTS TRAUMA PATIENTS TO INDIVIDUALS BATTLING CANCER AND NEWBORNS WHO NEED TRANSFORMATIONAL CARE. IN ADDITION, DONATIONS SUPPORT SOCIAL SEVICES AND PROGRAMS THAT DIRECTLY IMPROVE LIVES OF VULNERABLE NEIGHBORS IN COMMUNITIES.
DONATION TO ST. JOSEPH COUNTY UNITED WAY. DONATION SUPPORTS OPPORTUNITIES FOR A BETTER LIFE FOR EVERYONE THROUGH EDUCATION, INCOME AND HEALTH. IT HELPS CILDREN AND YOUNG PEOPLE ACHIEVE THEIR POTENTIAL; EMPOWERING FAMILIES TO BECOME FINANCIALLY STABLE; AND WORKING TO PROMOTE GOOD HEALTH FOR ALL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry G Lee President | 8 | $0 | |
Stephanie Jeppsen Secretary | 0.5 | $0 | |
Richard G Lee Treasurer | 0.25 | $0 | |
Bryan G Lee Vpresident/ CFO | 10 | $0 | |
Michael D Lee Ass't Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $401,744 |
| Interest on Savings | $3 |
| Dividends & Interest | $583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $225,633 |
| Capital Gain Net Income | $225,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $627,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $502 |
| Printing and publications | $0 |
| Other expenses | $78,490 |
| Total operating and administrative expenses | $88,225 |
| Contributions, gifts, grants paid | $222,785 |
| Total expenses and disbursements | $311,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,587 |
| Savings and temporary cash investments | $2,527 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $137,063 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $176,177 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lee Family Foundation Inc has awarded $222,785 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: DONATION TO SUPPORT THE ORGANIZATION SPECIFICALLY DONATION FOR NAYFUMBA VILLAGE IN UGANDA AFRICA SPONSORING CHILDREN AS WELL AS INFRASTRUCTURE, PROVIDING WELLS, AGRICULTURAL SUPPORT, FEEDING AND EDUCATION PROGRAMS. | $166,722 |
US SKI AND SNOWBOARDING ASSOCIATION PURPOSE: TO SUPPORT OLYMPIC SKIING AND SNOWBOARDING.TO PROVIDE LEADERSHIP AND DIRECTION TO YOUNG SKIERS AND SNOWBOARDERS WHO SHARE IN THE OLYMPIC DREAM WHILE ADHERING TO THE VALUES OF TEAM, LOYALTY, RESPECT, PERSEVERANCE AND ACCOUNTABILITY. | $18,050 |
Scottsdale, AZ PURPOSE: TO PROVIDE CRITICAL PATIENT NEEDS | $7,000 |
Centreville, MI PURPOSE: TO IMPROVE LIVES BY MOBILIZING THE CARING POWER OF COMMUNITIES AROUND THE WORLD TO ADVANCE THE COMMON GOOD. | $7,000 |
Phoenix, AZ PURPOSE: TO SUPPORT LIFE-SAVING CARE TO PATIENTS FROM THROUGHOUT THE WORLD | $5,500 |
MOUNTAIN TRAILS FOUNDATION PURPOSE: TO CREATE AND MAINTAIN A SEAMLESS, YEAR-ROUND TRAIL SYSTEM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |