James T Lee Foundation Inc
- Assets
- $1.3m
- Revenue
- $33.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1960
- Data as of
- 11/2023
- EIN
- 13-1878496
Organization Overview
James T Lee Foundation Inc is located in Wilmington, DE. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. James T Lee 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 11/2023, James T Lee Foundation Inc generated $33.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.9%) each year. All expenses for the organization totaled $102.9k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (24.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James T Lee Foundation Inc has awarded 51 individual grants totaling $800,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leelee Brown Dir, Pres | 1 | $0 | |
Paul Duffy Dir, VP | 1 | $0 | |
Mary Garner Sec | 1 | $0 | |
Raymond O'keefe Dir | 1 | $0 | |
Delcour Potter Dir, VP | 1 | $0 | |
Stephen Siegel Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,157 |
| Dividends & Interest | $26,814 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,840 |
| Capital Gain Net Income | $4,840 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,743 |
| Total operating and administrative expenses | $24,406 |
| Contributions, gifts, grants paid | $78,500 |
| Total expenses and disbursements | $102,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,501 |
| 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 | $1,298,942 |
| 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, James T Lee Foundation Inc has awarded $78,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BUTTERFLIES FROM JODIE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
REGANS ACTS OF KINDNESS INC PURPOSE: GENERAL & UNRESTRICTED | $8,500 |
SPENCE SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ST LUKES EPISCOPAL CHURCH PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
THE YOUNG MENS AND YOUNG WOMENS HEBREW ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |