Roger And Clarissa Lee Family Foundation
- Assets
- $3.4m
- Revenue
- $5.2m
- Investments
- $2.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/2016
- Data as of
- 06/2022
- EIN
- 81-3134806
Organization Overview
Roger And Clarissa Lee Family Foundation is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Roger And Clarissa Lee Family 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 06/2022, Roger And Clarissa Lee Family Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Roger And Clarissa Lee Family Foundation has awarded 30 individual grants totaling $3,518,230. 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 |
|---|---|---|---|
Roger Lee President | 1 | $0 | |
Clarissa Lee Sec'y & Trea | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,043,213 |
| Interest on Savings | $494 |
| Dividends & Interest | $10,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,849,589 |
| Capital Gain Net Income | $1,326,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,994 |
| Total Revenue | $5,208,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,066 |
| Total operating and administrative expenses | $99,383 |
| Contributions, gifts, grants paid | $1,132,000 |
| Total expenses and disbursements | $1,231,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,222 |
| 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 | $2,572,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,374,103 |
| 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, Roger And Clarissa Lee Family Foundation has awarded $1,132,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: EDUCATION FUNDING | $880,000 |
THE TAFT SCHOOL PURPOSE: EDUCATION FUNDING | $167,000 |
MENLO ATHERTON FDTN FOR THE FUTURE PURPOSE: EDUCATIONAL FUNDING | $50,000 |
San Mateo, CA PURPOSE: EDUCATIONAL FUNDING | $25,000 |
Truckee, CA PURPOSE: EDUCATIONAL FUNDING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
Lyford Cay Foundation Inc Greenwich, CT | $29,953,842 | $2,393,799 |
Wings For Things Foundation Inc Sandy Hook, CT | $31,046,537 | $6,302,092 |