William K Lee M D Foundation Inc
- Assets
- $5.2m
- Revenue
- $300.5k
- Investments
- $5.2m
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 22-3507082
Organization Overview
William K Lee M D Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 1998. 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. William K Lee M D 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 12/2023, William K Lee M D Foundation Inc generated $300.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $300.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William K Lee M D Foundation Inc has awarded 117 individual grants totaling $1,283,902. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William K Lee President | 0 | $0 | |
Hwain Lee Vice President | 0 | $0 | |
John H Lee Trustee | 0 | $0 | |
Charles H Lee Trustee | 0 | $0 | |
Julie Lee Kim Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,456 |
| Dividends & Interest | $220,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,886 |
| Capital Gain Net Income | $77,886 |
| Net ST Capital Gain | $1,600 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $300,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,816 |
| Total operating and administrative expenses | $14,387 |
| Contributions, gifts, grants paid | $286,238 |
| Total expenses and disbursements | $300,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,914 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,212,895 |
| 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, William K Lee M D Foundation Inc has awarded $296,600 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AWCA PURPOSE: GENERAL CHARITABLE PURPOSES | $11,550 |
YMCA OF THE UNITED STATES WORLD SER PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
PRINCETON THEOLOGICAL SEMINARY PURPOSE: GENERAL CHARITABLE PURPOSES | $2,000 |
SEOUL HIGH SCHOOL ALUMNI ASSOCIATIO PURPOSE: GENERAL CHARITABLE PURPOSES | $50 |
VALLEY HOSPITAL FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $120,000 |
BLANTON PEALE INSTITUTE PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |