Lee Family Foundation Inc
- Assets
- $143.8k
- Revenue
- $465.4k
- Investments
- $214.0
- Employees
- 0
- Location
- Anthem, AZ
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8039685
Organization Overview
Lee Family Foundation Inc is located in Anthem, AZ. The organization was established in 2007. 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. 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, Lee Family Foundation Inc generated $465.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $357.5k during the year ending 12/2022. While expenses have increased by 18.9% 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, Lee Family Foundation Inc has awarded 142 individual grants totaling $1,979,750. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO HOPE 4 KIDS FOUNDATION. DONATION SUPPORTS NYAFUMBA VILLAGE BY BUILDING INFRASTRUCTURE, DIGGING WELLS, AGRICULTURAL SUPPORT, FEEDING AND EDUCATION PROGRAMS.
DONATION TO U.S. SKI AND SNOWBOARD ASSOCIATION. TO SUPPORT OLYMPIC SKIING AND SNOWBOARDING. TO PROVIDE LEADERSHIP AND DIRECTION TO YOUNG SKIERS AND SNOWBOARDERS WHO SHARE IN THE OLYMPIC DREAM.
DONATION TO HONOR HEALTH FOUNDATION. DONATION SUPPORTS TRAUMA PATIENTS TO INDIVIDUALS BATTLING CANCER AND NEWBORNS WHO NEED TRANSFORMATIONAL CARE. IN ADDITION, DONATIONS SUPPORT SOCIAL SEVICES AND PROGRAMS THAT DIRECTLY IMPROVE LIVES OF VULNERABLE NEIGHBORS IN COMMUNITIES.
DONATION TO MAKE A WISH FOUNDATION. DONATIONS SUPPORT CHILDREN WITH CRITICAL ILLNESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry G Lee President | 8 | $0 | |
Richard G Lee Treasurer | 0.25 | $0 | |
Stephanie Jeppsen Secretary | 0.5 | $0 | |
Bryan G Lee Vpresident/ CFO | 10 | $0 | |
Michael D Lee Ass't Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $297,809 |
| Interest on Savings | $0 |
| Dividends & Interest | $52 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,513 |
| Capital Gain Net Income | $167,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $465,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $17,921 |
| Printing and publications | $0 |
| Other expenses | $70,035 |
| Total operating and administrative expenses | $98,447 |
| Contributions, gifts, grants paid | $259,050 |
| Total expenses and disbursements | $357,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,610 |
| 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 | $214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $143,824 |
| 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 $259,050 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BARROW NEUROLOGICAL FOUNDATION PURPOSE: TO SUPPORT LIFE-SAVING CARE TO PATIENTS FROM THROUGHOUT THE WORLD | $4,570 |
GRACE CHRISTIAN FELLOWSHIP PURPOSE: TO PROVIDE SUPPORT FOR UGANDA FARM, SMPI, & KIDS SPONSORSHIP | $3,340 |
HONOR HEALTH FOUNDATION PURPOSE: TO PROVIDE CRITICAL PATIENT NEEDS | $25,000 |
MOUNTAIN TRAILS FOUNDATION PURPOSE: TO CREATE AND MAINTAIN A SEAMLESS, YEAR-ROUND TRAIL SYSTEM | $1,000 |
ARCADIA CITY CHRUCH PURPOSE: TO SUPPORT ARCADIA CITY CHURCH. | $5,000 |
US SKI AND SNOWBOARDING ASSOCIATION PURPOSE: TO SUPPORT OLYMPIC SKIING AND SNOWBOARDING.TO PROVIDE LEADERSHIP AND DIRECTION TO YOUNG SKIERS AND SNOWBOARDERS WHO SHARE IN THE OLYMPIC DREAM WHILE ADHERING TO THE VALUES OF TEAM, LOYALTY, RESPECT, PERSEVERANCE AND ACCOUNTABILITY. | $28,000 |