Lee Family Foundation Inc
- Assets
- $3.1m
- Revenue
- $180.3k
- Investments
- $1.3m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 06/2000
- Data as of
- 10/2023
- EIN
- 06-1563501
Organization Overview
Lee Family Foundation Inc is located in Old Greenwich, CT. The organization was established in 2000. 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. 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 10/2023, Lee Family Foundation Inc generated $180.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $34.2k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (30.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lee Family Foundation Inc has awarded 143 individual grants totaling $2,917,250. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ilda G Lee President/director | 0.13 | $0 | |
Douglas Lee Vice-President/treasurer/director | 0.13 | $0 | |
Dawn Lee Smith Secretary/director | 0.13 | $0 | |
Dana Lee Director | 0.13 | $0 | |
Debra Lee Fichtner Director | 0.13 | $0 | |
Daryn Lee Director | 0.13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $180,311 |
| 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 | $180,311 |
| 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 | $9,200 |
| Total operating and administrative expenses | $9,200 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $34,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,759,985 |
| 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 | $3,086,784 |
| 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 $243,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: UNRESTRICTED | $95,000 |
STUDENT ADVOCACY PURPOSE: UNRESTRICTED | $20,000 |
WEILL CORNELL MEDICINE PURPOSE: UNRESTRICTED | $128,000 |