Lee Foundation Inc
- Assets
- $63.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia Springs, AL
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-1447316
Organization Overview
Lee Foundation Inc is located in Magnolia Springs, AL. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee 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 Foundation Inc generated $1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.6%) each year. All expenses for the organization totaled $14.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRIMARY PURPOSE IS TO ADDRESS THE BASICS NEEDS OF FAMILIES,SUCH AS PROVIDING FOOD, CLOTHING, SHELTER AND OTHER FUNDAMENTAL NEEDS TO PEOPLE WHO ARE NOT RECEIVING THESE STAPLES OF LIFE ADEQUATELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda T Lee President | 0 | $0 | |
Thomas E Lee II Vice Preside | 0 | $0 | |
Janet L Cobb Secretary | 0 | $0 | |
Steven G Slaughter Treasurer | 0 | $0 | |
M Mort Swaim Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $53 |
| Total Revenue | $1,053 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $375 |
| Total expenses | $14,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,496 |
| Other assets | $0 |
| Total assets | $63,496 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,496 |