Lee Family Foundation Inc
- Assets
- $133.7k
- Revenue
- $189.7k
- Investments
- $122.3k
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-3143745
Organization Overview
Lee Family Foundation Inc is located in Lutherville, MD. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lee Family 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 Family Foundation Inc generated $189.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $64.9k during the year ending 12/2021. While expenses have increased by 61.0% per year over the past 3 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 2019, Lee Family Foundation Inc has awarded 34 individual grants totaling $130,800. 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 |
|---|---|---|---|
Yuan C Lee President/treasurer | 0 | $0 | |
Reiko Lee Vice President/secretary | 0 | $0 | |
Bryan Lee Trustee | 0 | $0 | |
Charles B Jones Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $191,046 |
| Interest on Savings | $102 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,439 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151 |
| Total operating and administrative expenses | $1,651 |
| Contributions, gifts, grants paid | $63,250 |
| Total expenses and disbursements | $64,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,410 |
| 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 | $133,737 |
| 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, Lee Family Foundation Inc has awarded $63,250 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
51 NONPROFIT ORGANIZATIONS FOR 500 OR LESS PURPOSE: UNRESTRICTED DONATION | $18,250 |
Baltimore, MD PURPOSE: UNRESTRICTED DONATION | $16,000 |
Baltimore, MD PURPOSE: UNRESTRICTED DONATION | $10,000 |
JOHNS HOPKINS UNIV & MED CNTR PURPOSE: UNRESTRICTED DONATION | $5,000 |
HABITAT FOR HUMANITY PURPOSE: UNRESTRICTED DONATION | $2,000 |
UNIVERSITY OF IOWA PURPOSE: UNRESTRICTED DONATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Voorhis Foundation Wilmington, DE | $18,620,361 | $1,505,500 |
Izmirlian International Foundation Washington, DC | $264 | $2,005,003 |