Jin And Joo Lee Family Foundation
- Assets
- $100.9k
- Revenue
- $8.5k
- Investments
- $100.2k
- Employees
- 0
- Location
- Naperville, IL
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 26-0699247
Organization Overview
Jin And Joo Lee Family Foundation is located in Naperville, IL. 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. Jin And Joo 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 12/2022, Jin And Joo Lee Family Foundation generated $8.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $10.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Lee Secretary | 4 | $0 | |
Hui Hui Lee Director | 4 | $0 | |
Jin J Lee President | 4 | $0 | |
Joo H Lee Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,707 |
| Capital Gain Net Income | $1,707 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190 |
| Total operating and administrative expenses | $310 |
| Contributions, gifts, grants paid | $10,181 |
| Total expenses and disbursements | $10,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $661 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $100,879 |
| 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, Jin And Joo Lee Family Foundation has awarded $10,181 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KOREAN AMERICAN BAPTIST CHURCH PURPOSE: RELIGIOUS DONATION | $3,181 |
HANNAM UNIVERSITY PURPOSE: SCHOLARSHIP GRANT | $3,000 |
Fort Myers, FL PURPOSE: FOOD PANTRY DONATION | $1,000 |
ONNURI CHICAGO NAPERVILLE CHURCH PURPOSE: RELIGIOUS DONATION | $1,000 |
CARLE HOSPITAL HEALTH CENTER PURPOSE: DONATION TO HOSPITAL | $1,000 |
Naperville, IL PURPOSE: DONATION TO MUSEUM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |