Grace And William Lee Foundation
- Assets
- $2.2k
- Revenue
- $70.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4130612
Organization Overview
Grace And William Lee Foundation is located in Las Vegas, NV. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace And William Lee Foundation 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 12/2022, Grace And William Lee Foundation generated $70.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $81.3k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 6 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 2018, Grace And William Lee Foundation has awarded 15 individual grants totaling $333,758. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION BENEFICIARY: AREUMDAUOON CHURCH
CHARITABLE CONTRIBUTION BENEFICIARY: SHALOM DISABILITY MINISTRIES
CHARITABLE CONTRIBUTION BENEFICIARY: CHRISTIAN LIFE WORLD MISSION FRONTIERS
CHARITABLE CONTRIBUTION BENEFICIARY: MANNAM PRESBYTERIAN CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace H Lee President/treasurer | 4 | $0 | |
William Lee Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $850 |
| Contributions, gifts, grants paid | $80,458 |
| Total expenses and disbursements | $81,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,202 |
| Savings and temporary cash investments | $0 |
| 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 | $2,202 |
| Accounts payable and accrued expenses | $850 |
| 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 | $850 |
Grants Awarded
Over the last fiscal year, Grace And William Lee Foundation has awarded $80,458 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHALOM DISABILITY MINISTRIES PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
AREUMDAWON CHURCH OF LAS VEGAS PURPOSE: CHARITABLE CONTRIBUTION | $70,458 |
MANNAM PRESBYTERIAN CHURCH PURPOSE: CHARITABLE CONTRIBUTION | $0 |
CHRISTIAN LIFE WORLD MISSION FRONTIERS PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |