Steve And Vicki Lee Family Foundation is located in Elk Grove Village, IL. 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. Steve And Vicki 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 12/2023, Steve And Vicki Lee Family Foundation generated $10.9k in total revenue.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION MAKES GRANTS TO VARIOUS OTHER IRC SECTION 501(C)(3) NON-PROFIT ORGANIZATIONS. IN 2023, GRANTS WERE MADE TO PURDUE UNIVERSITY, ANOTHER IRC SECTION 501 (C)(3) NON-PROFIT FOUNDATION, SCHOLARSHIP FUNDS AND RELIGIOUS ORGANIZATIONS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lee Director/president | 10 | $0 | |
Victoria Galante-Lee Director/secretary/treasurer | 10 | $0 | |
Mia Lee Director | 5 | $0 | |
Regina Lee Director | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $21,202 |
| Gain or Loss | -$10,328 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,874 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $443 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,293 |
| Total expenses | $419,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $377,398 |
| Other assets | $0 |
| Total assets | $377,398 |
| Total liabilities | $0 |
| Net assets or fund balances | $377,398 |
Over the last fiscal year, Steve And Vicki Lee Family Foundation has awarded $113,470 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE UNIVERSITY PURPOSE: BUILDING FUND FOR ENGINEERING LAB | $100,000 |
VARIOUS SCOLARSHIPS PURPOSE: SCHOLARSHIP FUND | $13,470 |