Joe R Lee Family Foundation Inc
- Assets
- $4.7m
- Revenue
- $116.7k
- Investments
- $4.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-5975648
Organization Overview
Joe R Lee Family Foundation Inc is located in Wilmington, DE. The organization was established in 2007. 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. Joe R 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 12/2022, Joe R Lee Family Foundation Inc generated $116.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $266.5k during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 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 2015, Joe R Lee Family Foundation Inc has awarded 26 individual grants totaling $1,130,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Dale Lee VP | 1 | $0 | |
Joe R Lee Pres, Dir | 1 | $0 | |
Keena Rene Lee Sec | 1 | $0 | |
Michael Frederick Lee Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,261 |
| Dividends & Interest | $58,077 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,704 |
| Capital Gain Net Income | $53,704 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,608 |
| Total Revenue | $116,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,845 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,179 |
| Total operating and administrative expenses | $76,452 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $266,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $156,848 |
| 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 | $784,745 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,654,463 |
| 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, Joe R Lee Family Foundation Inc has awarded $190,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF CENTRAL FLORIDA PURPOSE: JOE R. LEE BRANCH IN EATONVILLE, FL | $100,000 |
K9S FOR WARRIORS INC PURPOSE: SPONSOR A SERVICE DOG IN MEMORY OF "IBO VOM RECKLINGHAUSER-KREUZ" | $25,000 |
MAYO CLINIC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
MIKEROWEWORKS FOUNDATION PURPOSE: SCHOLARSHIP FUND | $10,000 |
STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION PURPOSE: DO GOOD VILLAGE FUND | $10,000 |
THE CHURCH OF ELEVEN22 INC PURPOSE: JACKSONVILLE, FL AND SAN PABLO CAMPUS FUND | $20,000 |