Four Lee Foundation
- Assets
- $29.6m
- Revenue
- $5.6m
- Investments
- $28.8m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-2055080
Organization Overview
Four Lee Foundation is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Four 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, Four Lee Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Four Lee Foundation has awarded 144 individual grants totaling $6,315,009. 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
NO DIRECT CHARITABLE ACTIVITIES. EXPENDITURES ARE DIRECT DONATIONS OVER WHICH THE FOUNDATION EXERCISES NO CONTROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory L Armstrong Director | 0 | $0 | |
Melinda L Armstrong Director | 0 | $0 | |
Tylon L Armstrong Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,752,497 |
| Interest on Savings | $0 |
| Dividends & Interest | $578,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,318,831 |
| Capital Gain Net Income | $2,449,768 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,649,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77,627 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $282,386 |
| Contributions, gifts, grants paid | $1,318,194 |
| Total expenses and disbursements | $1,600,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,344 |
| 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 | $1,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,543 |
| Total assets | $29,619,748 |
| 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, Four Lee Foundation has awarded $1,318,194 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ABLEGAMERS CHARITY PURPOSE: CHARITABLE | $10,000 |
AMERICAN STROKE FOUNDATION PURPOSE: CHARITABLE | $10,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: CHARITABLE | $25,000 |
COVENANT HOUSE TEXAS PURPOSE: CHARITABLE | $10,000 |
COUNCIL OF RECOVERY PURPOSE: CHARITABLE | $20,000 |
HOUSTON ARBORETUM & NATURE CENTER PURPOSE: CHARITABLE | $55,000 |