H & H Lee Charitable Foundation
- Assets
- $22.3m
- Revenue
- -$166.0k
- Investments
- $22.0m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 05/1991
- Data as of
- 12/2023
- EIN
- 33-0353715
Organization Overview
H & H Lee Charitable Foundation is located in Newport Beach, CA. The organization was established in 1991. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. H & H Lee Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, H & H Lee Charitable Foundation has awarded 370 individual grants totaling $17,830,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
DONATIONS TO TIMBERLINE LODGE, FIRST TEE OF O.C., VICTORY RANCH, AND MY CITY LIFE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth S Lorin Director | 0 | $25,000 | |
Christopher Read Director | 0 | $25,000 | |
Patricia Jones Director | 0 | $25,000 | |
Henrietta Dorner Director | 0 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$165,960 |
| Capital Gain Net Income | $42,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$165,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $157,458 |
| Total operating and administrative expenses | $261,170 |
| Contributions, gifts, grants paid | $3,120,000 |
| Total expenses and disbursements | $3,381,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,241 |
| Savings and temporary cash investments | $50,971 |
| 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 | $21,975,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,325,746 |
| 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, H & H Lee Charitable Foundation has awarded $3,120,000 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
REINS PURPOSE: THERAPUTIC HORSEMANSHIP PROGRAM | $75,000 |
FRIENDS HEMET PUBLIC LIBRARY PURPOSE: NEW COMPUTER LAB | $15,000 |
ORANGE COUNTY COMMUN FOUNDATION PURPOSE: SCHOLARSHIP FOR AVID STUDENTS | $50,000 |
SHEEPFOLD PURPOSE: WOMENS SHELTER FUNDS | $30,000 |
RONALD REAGAN LIBRARY PURPOSE: EDUCATION PROGRAMS FOR CHILDREN | $50,000 |
SPECIAL OLYMPICS PURPOSE: HELP SPECIAL NEEDS CHILDREN | $30,000 |