El-Gaouny & Lee Foundation
- Assets
- $204.3k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Cucamonga, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-4018679
Organization Overview
El-Gaouny & Lee Foundation is located in Rancho Cucamonga, CA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El-Gaouny & 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 12/2023, El-Gaouny & Lee Foundation generated $100.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $26.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTION BENEFICIARY: NEW HORIZON SCHOOL
CHARITABLE CONTRIBUTION BENEFICIARY: CHAFFEY COLLEGE FOUNDATION
CHARITABLE CONTRIBUTION BENEFICIARY: PALESTINE CHILDREN RELIEF FUND
CHARITABLE CONTRIBUTION BENEFICIARY: OFFFICE OF PHILANTHROPIC GIVING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| 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 | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $608 |
| Total operating and administrative expenses | $2,283 |
| Contributions, gifts, grants paid | $24,500 |
| Total expenses and disbursements | $26,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,387 |
| 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 | $3,918 |
| Other assets | $0 |
| Total assets | $204,305 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,035 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,035 |
Grants Awarded
Over the last fiscal year, El-Gaouny & Lee Foundation has awarded $24,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PALESTINE CHILDREN'S RELIEF FUND PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |
PUBLIC SCHOOLS OF HAWAII FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
NEW HORIZON SCHOOL LOS ANGELES PURPOSE: CHARITABLE CONTRIBUTION | $8,000 |
CHAFFEY COLLEGE FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
CSUSB PHILANTHROPIC FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $10,500 |